Discover LuxFi Token in LuxFi Ecosystem

LuxFi Official
3 min readAug 4, 2021


Discover LuxFi Token in LuxFi Ecosystem

Token is Indispensable to The New Digital Economy

Satoshi Nakamoto introduced a new concept that features a peer-to-peer electronic cash system in 2008 — the bitcoin blockchain. It has since been adopted and further developed to fit a variety of use cases, such as blockchain-based platforms.

During the past few years, individuals, companies and organizations have been more widely building blockchain-based platforms and issuing their own token. They see in the token a new way to self-govern their business model, empower its users and facilitate the distribution of rewards and benefits. As an example, blockchain-based loyalty systems using tokens could be disruptive to the usages for many industry players and early adopters could tremendously benefit from it. This is also to combat a common issue called the “chicken and egg” problem, where ecosystems struggle to offer utility during their early stage and participants lack incentives to commit to the platform in fear of risk and common issues experienced by newly created platforms.

The following are some key reasons why cryptocurrency/tokens are revolutionizing how we transact and trade:

• Low transaction fee
• Lower entry threshold
• Global scale
• Zero government interference
• Impossible to falsify

Different tokens are created for different purposes. One category is the utility token, which gives users the right to buy products or use services on the blockchain-based platforms.

Introducing Utility Token of LuxFi Ecosystem — $LXF

LuxFi is the world’s first asset-backed NFT marketplace for luxury assets. The LuxFi ecosystem is key to launching a promising platform for users to increase the liquidity of the luxury assets. To properly align the incentives of our users, stakeholders, and network participants, the LuxFi platform will issue a native token LXF to participants.

There are different ways to get LuxFi tokens. One way is by actively participating as a user in the NFT marketplace. The number of tokens distributed to users will depend on transaction volume.

As a LuxFi utility token holder, users gain easy access to our platform and enjoy a plethora of benefits that are offered exclusively to $LXF holders.

Rewarding Benefits

The $LXF token has countless usages in the LuxFi ecosystem, ensuring the token is in constant demand and attractive to users. Those benefits include but are not limited to:

  • Staking: Earn yield and win exciting asset-backed NFT mystery boxes.
  • Authentication: Authenticate the real-world asset.
  • Product Tokenization (NFT creation): Use $LXF to convert physical assets to NFTs and list on the marketplace.
  • Redemption: Redeem the physical assets.
  • Verification: Verify if the physical item is the original and authenticated asset of the NFT.
  • Providing Data: Users can provide data to enhance the data intelligence system.
  • Custodian Services: Store the assets in local custody.
  • Incentives & Bounties: Tokens can be used as incentives or bounties to reward people who frequently uses LuxFi platform for different services, participate in the development of our platform or refer friends and users in the network
  • Tiered membership: Members are sorted into different tiers based on the quantity of tokens they hold, with higher tiers providing increased benefits like coupon rebates.

We are excited to launch LuxFi to the world and usher in the ultimate Luxury DeFi platform where anyone can create NFTs backed by real-world luxury assets and access DeFi service. Make sure to follow our social media for the latest up-to-date token sale information!

About LuxFi

LuxFi is the world’s first asset-backed NFT marketplace for luxury assets, where people can buy, sell and invest in luxury assets using cryptocurrencies and traditional payments. We eliminate counterfeiting while minting an NFT on a multi-chain blockchain network, with a focus on luxury assets that hold value well and have a high resale value. Leveraging our big data intelligence system and unique algorithm for automated data collecting and data processing, the value of each NFT on our platform is backed by real-world data.

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LuxFi Official

Bridging the gap between real-world luxury assets and NFTs.