Luxxcoin
Luxxcoin ($LUX) is a Solana-based cryptocurrency that uses a rule-based scoring system to rank wallet activity over fixed time periods. It distributes token rewards to top-ranked holders based on predefined on-chain metrics for holding and transaction behavior. [1]
Overview
Luxxcoin was developed on the Solana blockchain and introduced as a competitive GameFi token. The project's central concept is to create an on-chain competition where token holders are ranked and rewarded according to their holding strategies and transaction patterns. This system is designed to incentivize behaviors such as long-term holding and strategic token acquisition. The ecosystem operates in fixed 60-day periods, referred to as cycles or rounds. During each cycle, participant wallets are scored based on predefined metrics. At the conclusion of the cycle, rewards are automatically distributed from a dedicated pool to the highest-scoring wallets. The entire process, from scoring to reward distribution, is conducted on-chain and is publicly viewable through a real-time leaderboard, ensuring transparency for all participants. [5] [6]
Luxx Hero Rewards
Luxx Hero Rewards is a recurring on-chain incentive system within the $LUX ecosystem on Solana. It distributes rewards every 60-day cycle to the top 500 wallet addresses based on a calculated “Hero Score,” which ranks participants according to predefined behavioral and holding metrics. Each cycle allocates 1 billion $LUX to eligible wallets as a proportional reward for maintaining qualifying positions over the period. The scoring model is deterministic and based on four factors: time-weighted holdings, continuous holding duration, entry price efficiency, and adjustments for selling or transferring tokens. Rewards are distributed directly to wallets without manual claims, and rankings are updated through a live leaderboard. The system includes constraints such as eligibility restrictions for certain wallet types and caps designed to reduce concentration effects. All calculations are performed on-chain, making the scoring and reward process transparent and verifiable. [1] [4]
Hero Score Calculation
The ranking of participants is determined by a deterministic "Hero Score" calculated entirely on-chain. The score is a composite value derived from four primary metrics that assess a wallet's activity and holding patterns throughout a cycle. [1]
The factors used to calculate the Hero Score are: [3] [4]
- Time-Weighted Holdings: This metric evaluates the size of a user's token holdings in relation to the timing and duration they are held within the 60-day cycle. Larger holdings maintained for longer periods contribute more significantly to the score.
- Continuous Holding Duration: This factor specifically rewards wallets for holding tokens for long, uninterrupted periods. It incentivizes participants to maintain their positions without selling or transferring assets.
- Price-Efficiency of Entries: The system scores the efficiency of a wallet's acquisition price for its tokens. Wallets that acquire tokens at more favorable prices receive a higher score for this component.
- Sell/Transfer Adjustment: A penalty is applied to a wallet's score for net outflows. This includes activities such as selling tokens or transferring them to another wallet, which is intended to discourage selling pressure during the competition cycle.
Tokenomics
The total supply of Luxxcoin is 99,999,887,351 $LUX. The token allocation is distributed across several categories to support the project's reward system, liquidity, development, and community growth. [7]
- Luxx Hero Rewards: 45% (45,000,000,000 LUX emitted per 60-day round
- Liquidity & Public: 23.07% (23,072,734,133 $LUX) - Held in a multi-signature wallet to provide liquidity for exchange listings and fund public community programs
- Creators & Ecosystem: 20% (20,000,000,000 $LUX) - Streamed to support the development team, ecosystem integrations, developer tools, and partnerships
- Marketing: 9.89% (9,891,662,831 $LUX) - Allocated for growth campaigns, promotional activities, and raising project awareness
- Early Supporters: 1.11% (1,118,206,630 $LUX) - Distributed to initial backers of the project, fully unlocked at the Token Generation Event (TGE)
- Public Sale: 0.8% (809,059,237 $LUX) - Tokens allocated for the public sale, which were fully unlocked at TGE
- Community Airdrop: 0.1% (108,337,169 $LUX) - Distributed to the community at the TGE