What is LuxFi? Explore the first NFT market for branded goods

• What is LuxFi?
• LuxFi's most popular and luxury product portfolio
• LuxFi NFT as collateral for the loan
• Flexible resale
• How does LuxFi enhance authenticity?
• Security and liquidity
• LuxFi NFT Thẻ Card
• Business Model
• Tokenomics
• Token Allocation
• Token Release
• Token Utility
• LuxFi Membership Program
• Roadmap
• Team & Advisors
• Partners & Backers
• Conclude

What is LuxFi?

As mentioned above, LuxFi is the first NFT marketplace powered by real-world luxury goods. This platform is specifically designed to buy, sell and invest in luxury goods. And LuxFi users can seamlessly execute these transactions using cryptocurrencies, as well as traditional payment methods.

LuxFi's most popular and luxury product portfolio 

LuxFi has a wide range of luxury categories, including designer bags, luxury watches, high-end jewelry, diamonds, gold, precious metals and almost all the luxury items one can afford. think about. LuxFi even includes limited edition sneakers, wine and artwork…

And of course, LuxFi cannot be called a true luxury platform without top luxury brands participating. Brands such as Hermès, Louis Vuitton, Gucci, Rolex, Patek Philippe and other fashion icons can also be found on its website.

For users of the art-focused platform, LuxFi also owns creative works by top artists from Takashi Murakami, Yayoi Kusama, Bansky, Keith Haring, Yoshitomo Nara and well-known artists another world. 

Sneakers and collectibles are not usually associated with the luxury sector, but their rarity is what makes them special and luxurious. The platform also offers rare items in these categories. 

LuxFi has one of the most coveted sneakers, including the Nike Air Jordan, Nike Jordan Low 1 and Balenciaga Triple S. For the collection, it features Funko Pops, Bearbricks, Mr. Dob and other high value collectibles. 

LuxFi NFT as collateral for the loan 

The NFTs in the platform can also be used as collateral for loan applications. This is beneficial for those who have difficulty in getting loans from banks. NFT holders can even help others access loans using their digital assets.

Furthermore, the value of each NFT in LuxFi's ecosystem is not eliminated as the platform collects and analyzes data from online and offline channels around the world. This comprehensive data collection allows LuxFi to provide fair, honest and relevant prices for each of its digital assets. 

Flexible resale 

NFT holders don't have to redeem their luxury items for resale, their NFT is enough to make this transaction. But they always have the option to get luxury goods if they want to. 

Furthermore, users have the option to deposit their NFTs across various gaming and streaming platforms, making LuxFi's NFT a versatile asset to have. 

How does LuxFi enhance authenticity?

The global luxury industry has been facing the issue of authenticity for ages. Meanwhile, the digital world is constantly threatened by thieves and cyber hackers. The LuxFi ecosystem confronts these two major problems by using blockchain technology . 

LuxFi works directly with luxury brands and manufacturers, and all items are validated by an extensive network of professional verifiers. That's why platform users will have peace of mind knowing that every item in their NFT-enabled platform is genuine. 

Security and liquidity 

When it comes to digital security, LuxFi equips all of its luxury goods with a unique serial number, or “seal”, which acts as a linkable physical identifier. associate them with the “digital twin”. And since everything is powered by blockchain, the entire lifecycle of all products in LuxFi's platform can be tracked while protecting the privacy of their owners. 

Another notable aspect of LuxFi is its focus on liquidity. Since owners don't have to buy back their luxury goods just to resell them, they can instantly monetize their property with no hassle. 

LuxFi NFT Thẻ Card 

The LuxFi NFT card, using “product fingerprint technology”, links physical luxury items and digital partners. LuxFi has integrated a tamper-proof QR/NFC tag in its cards, which can be scanned to view product details and history. 

Business Model

LuxFi will launch an NFT marketplace powered by real-world luxury items. Leveraging big smart data system and unique algorithm for automatic data collection & processing while eliminating counterfeiting by creating an NFT on a layer 2 blockchain network, LuxFi provides accurate NFT prices informed by real data from global sales channels.

NFT content is sold on LuxFi marketplace after encryption. The buyer exchanges the product after the transaction is made on LuxFi's marketplace and the seller delivers the goods to the buyer. The amount paid by the merchant is escrowed by a smart contract. Shippers with a decentralized tracking system can verify that the buyer has received the goods before transferring the payment to the seller. The smart contract then releases the payment once the buyer receives the product and marks the item as received. Ownership of the NFT can only be transferred to a new buyer upon confirmation of receipt.

Competitors

Tokenomics

LuxFi has a native utility token called LXF, which is used to administer, reward bounties, generate NFTs, access auctions, provide data, verify and much more.

Users can stake LuxFi's native token, LXF, for a chance to own exciting digital assets on LuxFi mystery boxes. 

Users can also earn LXF by referring a friend to the platform. They will be eligible to receive LXF rewards based on the number of registered users receiving referrals and buying or selling items on LuxFi. 

Last August, LuxFi introduced its native token to the world through an airdrop event, where 560 random participants could receive 1 USDT and 5 LFX tokens. On the other hand, the top 40 received 11 USDT and LFX tokens. 

Token Allocation

LXF tokens are pre-minted. LXF tokens are required to execute transactions or execute smart contracts on the platform. The LXF token derives its value from the actual use value in the LuxFi ecosystem.

100 million LXF tokens will be generated through a token generation event (TGE). 65% of these tokens will be distributed according to the table below, 20% will be sold through a private token sale, and 15% will be maintained as a reserve.

How to get LXF . tokens

1. By actively participating in the NFT market. The number of tokens distributed to users will depend on the volume of transactions.
2. By providing luxury goods data to the LuxFi ecosystem.
3. By purchasing LXF tokens via the exchange.
4. By referring friends to the platform. If the referrer is buying or selling on the platform, the referrer can earn LXF tokens.

Token Release

50% – The ecosystem is divided into:

• 30% – Staking Rewards
• 10% – Marketplace Rewards
• 5% – Promotional Rewards
• 5% – Partnerships

20% – Token Sale is divided into:

• 18.07% – Private round, 12% unlock on first day, remaining 88% with cliff 6 months and linear release in remaining 12 months.
• 1.93% – Public round, 100% unlocked on the first day

12.5% ​​– Team has 12 month cliff deadline, then linear release for the remaining 18 months

2.5% – Advisors with a 12-month cliff, then a linear release for the remaining 18 months

5% – Liquidity

10% – Treasury

Token Utility

• Staking : Earn profits and win NFT mystery boxes.
• Authentication : Authenticate real-world assets.
• Product Tokenization : Use LXF to convert physical assets to NFT and list them on the market.
• Redemption : Exchange of physical assets.
• Verification : Verify if the item is an original and authenticated NFT property.
• Providing Data : User can provide data to enhance intelligent data system.
• Custodian Services : Asset storage.
• Tiered Membership : Members are sorted into different tiers based on how many tokens they hold, with higher tiers offering added benefits like coupon discounts.
• Transaction Fee : Transfer ownership.
• Access NFT auctions : Token holders can get free access to the NFT liquidation auction when they hold a certain number of tokens.
• Incentives & Bounties : Tokens can be used as incentives or bonuses to reward people who regularly use the LuxFi platform for various services, participating in the development of the platform.

LuxFi Membership Program

LuxFi also offers a membership card that offers exclusive offers and gifts that offer a higher level of value to platform members. Membership cards are divided into three options: 'Diamond', 'Silver' and 'Crystal' cards. 

For diamond cardholders, LuxFi, in addition to the above-mentioned privileges, is also provided with the following exclusive services:

• Preferential discount privileges 
• The first to be granted access to rare items 
• Access to every single LuxFi event 
• The first to receive the 'new arrival' notification (browse and buy one day before any member) 

Roadmap

Q1/2022

• Launch NFT Marketplace
• NFT Auction

Q2/2022

• NFT Partnership with various projects on digital gifts and mortgage loans
• Tokenization (NFT minting) Portal for individuals

Q3 & Q4/2022

• Updating…

Team & Advisors

The LuxFi team consists of many highly qualified individuals in various fields, including LuxFi CEO Aidaa Wong.

• Aidaa Wong has a deep understanding of the luxury fashion industry. She studied Fashion Design at Central Saint Martins in London and earned a master's degree in Women's Fashion from the Royal College of Art in London. After working as a fashion designer in Italy for Max Mara Fashion Group, she went on to help several fashion groups establish their brands in both Hong Kong and China. Aidaa Wong has received several invitations to appear as Art Director and guest stylist for many celebrities from international fashion magazines. With years of experience working with high-fashion brands, Aidaa is now a highly regarded figure.

Partners & Backers

Recently, LuxFi has successfully raised $ 1.75 million from a private round from investors: CoinUnited, RioDeFi, Plutus VC, Raptor Capital, Double Peak, HC Captial and Mentha Partners.

Conclude

LuxFi has created a lucrative idea of ​​using blockchain technology to provide a unique and much-needed service to the luxury industry. Ultimately, luxury goods lovers don't have to worry about counterfeiting and the liquidity of their luxury goods, as LuxFi leverages the full power of NFT to bring solutions to these problems. 

Please refer to the project information channels here:

Website | Twitter | Telegram | Discord | Medium

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