LUXCoin—New PHI2 PoW/PoS Hybrid—SC—SegWit—PrivateSend—PoS Web Wallet—LuxGate

[Kryptowerk]

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"?

[lupanar]

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  

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.

[Bender957]

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

[lupanar]

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.

[Denkey]

Like LUXCoin Project: new algo for mining (without NiceHash), profitable POS, good roadmap...
Waiting for new wallet.

[melfimovmining]

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

[VoronX]

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

[melfimovmining]

I have kept it since december, nothing changed. that's what i'm worry about, i'm loosing coins or do something wong

[Bender957]

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 

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

[anorganix]

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

[andrewpuzoff]

And I wouldn't recommend to move files from default wallet directory %appdata%/lux.

ssd size is not so much
changing store folder posibility are very needful!
Can anyone tell this point for crypto-wallet programmers?!

[andrewpuzoff]

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.

[anorganix]

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.

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.

[Mitra7]

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 

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?

[oricatmos]

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  

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.

[diepytcc]

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.

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.

[btcgreen63]

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

[kunddac]

Very interesting to your project add more information in website good job devs

[vellance]

Why does ccminer-phi crash everytime it asks for my pool stats?

[JJ1905]

I cannot believe it, very high passive income
https://masternodes.online/currencies/LUX/

There is an opinion that the coin was created with the aim of selling the masternodes to the lucky ones.  
You also know how to sell an asics