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Author Topic: LUXCoin—New PHI2 PoW/PoS Hybrid—SC—SegWit—PrivateSend—PoS Web Wallet—LuxGate  (Read 67904 times)
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January 23, 2018, 11:22:25 AM
 #821

It is not listed on coinmarketcap yet but we can now trade LUX for USDT! Smiley
https://www.cryptopia.co.nz/Exchange?market=LUX_USDT

Very low volume as it is new and probably few know about it, but exciting to see it being traded vs the dollar standard in crypto Smiley

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January 23, 2018, 12:03:48 PM
 #822

Did you know there is another shitcoin LUX https://yobit.net/ru/trade/LUX/BTC   Grin
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January 23, 2018, 12:08:11 PM
 #823

Ok, so I looked into the team, if you guys actually have the experience and knowledge you state you have, there might indeed be chance you can achive all your ambitious goals.

However, looking at CMC I still feel a bit frightened when I see these numbers:

Circulating Supply
912.238 LUX
Total Supply
3.912.238 LUX
Max Supply
60.000.000 LUX

Since the total market cap is calculated by the circulating supply number only, it would still increases by factor 65 if the max supply is finally in circulation, making the actual market cap $2104 Million USD, bringing LUX to #21 on CMC!

1. Can someone explain to me or direct me to a source to find out where the 3000000 missing coins from circ. <-> total supply are currently stored and what their purpose is?
2. And what are the estimations on when the max supply is reached?
3. What is the yearly inflation rate of LUX?

Thanks!
As @Anorganix mentioned 5% Lux were premined and stocked in team addresses. 10% of premine planned to burn https://luxcore.io/roadmap. More details of premine purposes and upcoming burning can be found here https://cdn.discordapp.com/attachments/364671360515047427/396716699468169217/Announcement.pdf
Max supply will be reached at about 10 years (15120 lux per day produced)
Thank you both for your answers. That's quite the inflation rate. What will be the incentive to secure the network after all coins are distributed (in ~ten years)? Fees only?
Will keep an eye on this, but for now I remain sceptical (that's just my nature in crypto world, sorry ; ).

I read about parallel masternodes both in the announcement you linked and a blog post - what exactly does the parallel stand for?
Also, what's your status on "rethinking the reward structure between staking and masternodes"?

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January 23, 2018, 01:45:13 PM
 #824

Ok, so I looked into the team, if you guys actually have the experience and knowledge you state you have, there might indeed be chance you can achive all your ambitious goals.

However, looking at CMC I still feel a bit frightened when I see these numbers:

Circulating Supply
912.238 LUX
Total Supply
3.912.238 LUX
Max Supply
60.000.000 LUX

Since the total market cap is calculated by the circulating supply number only, it would still increases by factor 65 if the max supply is finally in circulation, making the actual market cap $2104 Million USD, bringing LUX to #21 on CMC!

1. Can someone explain to me or direct me to a source to find out where the 3000000 missing coins from circ. <-> total supply are currently stored and what their purpose is?
2. And what are the estimations on when the max supply is reached?
3. What is the yearly inflation rate of LUX?

Thanks!
As @Anorganix mentioned 5% Lux were premined and stocked in team addresses. 10% of premine planned to burn https://luxcore.io/roadmap. More details of premine purposes and upcoming burning can be found here https://cdn.discordapp.com/attachments/364671360515047427/396716699468169217/Announcement.pdf
Max supply will be reached at about 10 years (15120 lux per day produced)
Thank you both for your answers. That's quite the inflation rate. What will be the incentive to secure the network after all coins are distributed (in ~ten years)? Fees only?
Will keep an eye on this, but for now I remain sceptical (that's just my nature in crypto world, sorry ; ).

I read about parallel masternodes both in the announcement you linked and a blog post - what exactly does the parallel stand for?
Also, what's your status on "rethinking the reward structure between staking and masternodes"?
I really have no answers to your questions besides those that mentioned in links above and in Whitepaper https://luxcore.io/LUX_WP_V1_NOV_2017.pdf. Please keep in mind that answers of most questions that you pointed will be in Technical Whitepaper release of which planned till 28 Feb https://luxcore.io/roadmap.
Anyway if you have urgent questions that you need get information to feel free to ask devs directly in Lux discord https://discord.gg/X43CA3f

Did you know there is another shitcoin LUX https://yobit.net/ru/trade/LUX/BTC   Grin
Yes, we aware of, and even sent a tickets to Yobit support about delisting that abandoned coin to avoid people mix up Luxcoin with Bitlux, but never was replied.

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LUXCORE
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January 23, 2018, 04:56:02 PM
 #825

As @Anorganix mentioned 5% Lux were premined and stocked in team addresses. 10% of premine planned to burn https://luxcore.io/roadmap. More details of premine purposes and upcoming burning can be found here https://cdn.discordapp.com/attachments/364671360515047427/396716699468169217/Announcement.pdf
Max supply will be reached at about 10 years (15120 lux per day produced)

10% is 300000 lux
circulating ~900000
now emagine the excange rate when 15th 300000 (10%) will burn

LOL
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January 23, 2018, 05:11:39 PM
 #826

As @Anorganix mentioned 5% Lux were premined and stocked in team addresses. 10% of premine planned to burn https://luxcore.io/roadmap. More details of premine purposes and upcoming burning can be found here https://cdn.discordapp.com/attachments/364671360515047427/396716699468169217/Announcement.pdf
Max supply will be reached at about 10 years (15120 lux per day produced)

10% is 300000 lux
circulating ~900000
now emagine the excange rate when 15th 300000 (10%) will burn

LOL
No, 300k will be burnt not from circulation supply but from rest 3m of total supply https://coinmarketcap.com/currencies/luxcoin/, which mean from premine.

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LUXCORE
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| WINDOWS | MAC | LINUX | BOOTSTRAP |
████████      EXCHANGE      ████████



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January 23, 2018, 05:15:03 PM
 #827

Like LUXCoin Project: new algo for mining (without NiceHash), profitable POS, good roadmap...
Waiting for new wallet.
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January 23, 2018, 06:25:01 PM
 #828

Can anyone help to understand how to get PoS reward. I keep all the coin in my wallet and see it as available all the time, but Stake is 0 all the time. Maybe i have to do something special for stake my coin and get PoS reward. Or the reason in amount of coin, i have too feew
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January 23, 2018, 06:29:05 PM
 #829

Can anyone help to understand how to get PoS reward. I keep all the coin in my wallet and see it as available all the time, but Stake is 0 all the time. Maybe i have to do something special for stake my coin and get PoS reward. Or the reason in amount of coin, i have too feew
After 36 hours there will be a result Roll Eyes
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January 23, 2018, 06:37:17 PM
 #830

I have kept it since december, nothing changed. that's what i'm worry about, i'm loosing coins or do something wong
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January 23, 2018, 06:57:31 PM
 #831

No, 300k will be burnt not from circulation supply but from rest 3m of total supply https://coinmarketcap.com/currencies/luxcoin/, which mean from premine.

OK,

to 900000 you will add 300000 now imagine how exchange rate will drop  Grin

i think 15th rate will be about ~0.00150 or even lower depends on market panic at this coin
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January 23, 2018, 07:03:57 PM
 #832

Thanks for your enlightening posts, now I finally understand what a coin burn means.

LUX æterna
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January 23, 2018, 07:23:03 PM
 #833

can you please work on your wallet? it's terrible if you even look at it it'll crash.
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January 23, 2018, 07:23:43 PM
 #834

And I wouldn't recommend to move files from default wallet directory %appdata%/lux.
Angry
ssd size is not so much
changing store folder posibility are very needful!
Can anyone tell this point for crypto-wallet programmers?!
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January 23, 2018, 07:36:42 PM
 #835

Yes, its known freezing bug that will be resolved in upcoming wallet.
I think, I found a solution to reduce freezes particaly.
interface option->minimal->submit

There is no selected item in this case by default. Works better after manual choise, but some freezes happening time by time.
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January 23, 2018, 07:54:12 PM
 #836

can you please work on your wallet? it's terrible if you even look at it it'll crash.

We are aware of the lags (caused by multiple inputs / txes) and a new wallet will be released soon. It will solve the issue, thanks for being patient.

And I wouldn't recommend to move files from default wallet directory %appdata%/lux.
Angry
ssd size is not so much
changing store folder posibility are very needful!
Can anyone tell this point for crypto-wallet programmers?!

Create a shortcut for the wallet and start it with -datadir argument.

LUX æterna
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January 23, 2018, 09:16:23 PM
 #837

No, 300k will be burnt not from circulation supply but from rest 3m of total supply https://coinmarketcap.com/currencies/luxcoin/, which mean from premine.

OK,

to 900000 you will add 300000 now imagine how exchange rate will drop  Grin

i think 15th rate will be about ~0.00150 or even lower depends on market panic at this coin

I think "burn" means reducing supply - i.e. the "out of circulation" supply will be reduced from 3 mln coins to (3 mln * 90%) 2,7 mln. It should have a slight positive impact on the exchange rate.

Is it correct?
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January 23, 2018, 09:54:19 PM
 #838

No, 300k will be burnt not from circulation supply but from rest 3m of total supply https://coinmarketcap.com/currencies/luxcoin/, which mean from premine.

OK,

to 900000 you will add 300000 now imagine how exchange rate will drop  Grin

i think 15th rate will be about ~0.00150 or even lower depends on market panic at this coin

I think "burn" means reducing supply - i.e. the "out of circulation" supply will be reduced from 3 mln coins to (3 mln * 90%) 2,7 mln. It should have a slight positive impact on the exchange rate.

Is it correct?

I think so , is a deflaction, less coins but the same market cap ( in the average) so the price will tend to rise.
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January 23, 2018, 10:25:07 PM
 #839

can you please work on your wallet? it's terrible if you even look at it it'll crash.

We are aware of the lags (caused by multiple inputs / txes) and a new wallet will be released soon. It will solve the issue, thanks for being patient.

And I wouldn't recommend to move files from default wallet directory %appdata%/lux.
Angry
ssd size is not so much
changing store folder posibility are very needful!
Can anyone tell this point for crypto-wallet programmers?!

Create a shortcut for the wallet and start it with -datadir argument.
New wallet will be great if this one fixed current issues.

❍ LightPayCoin ❍
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Upto 90% MN Rewards (https://bitcointalk.org/index.php?topic=4349090)
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January 23, 2018, 10:28:01 PM
 #840

I have kept it since december, nothing changed. that's what i'm worry about, i'm loosing coins or do something wong
Have you tried what is mentioned here (in this thread)?
https://bitcointalk.org/index.php?topic=2422372.msg28722518#msg28722518
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