Topic: [ANN] LuxChain - Ultra-Fast, Decentralized, EVM-Compatible PoW Layer 1 (Read 282 times)

Swap Deadline Update: Ending on May 15

Poll Results: The majority have voted in favor of ending the swap on May 15. Based on this feedback, we will be moving forward with this new deadline.

Please ensure that you complete your swap by May 15. If you encounter any difficulties using the swap engine, please reach out to our admins for assistance. They are ready to help. This deadline is crucial, so your prompt action is very important.

We are pleased to announce an important transition in the MetaChain network. After the swap deadline on May 31, 2024, MetaChain will be converted into a testnet for LuxChain. This transformation is designed to harness the existing infrastructure of MetaChain to further develop and enhance the LuxChain ecosystem.

The transition to a testnet will allow us to test new features, updates, and improvements under real-world conditions before they are rolled out on the LuxChain mainnet. This move ensures that LuxChain continues to provide a stable, secure, and cutting-edge blockchain experience.

Users are reminded to complete the swap of their MetaChain tokens to LuxChain tokens by the May 31 deadline to ensure they are part of LuxChain's exciting future. After this date, MetaChain tokens can still be used within the testnet environment, but they will no longer be active on the mainnet.

Thank you for your continued support as we strive to innovate and improve within the blockchain space.

$LUX trading is live on Xeggex, NonKYC, FinanceX.

Bounty: https://twitter.com/LuxChainPoW/status/1788657404499935395

The swapping process on Xeggex has concluded. Deposits for XPB and META are now permanently closed.

The team has transferred a total of 7,413,895 LUX to Xeggex for the swap. You will see your LUX balance updated in your account soon.

Transaction hash: https://luxscan.net/tx/0x202fa189f49fd14d37a75dbf6a43940ecdf612dd8148c58850873be0bfe2948d

Important Update: Xeggex will cease deposits and withdrawals for XPB and META today at 2 PM EST. Trading for LUX will commence at 3 PM EST.

All XPB and META tokens held in Xeggex will be automatically converted to LUX at 2 PM EST. Please ensure that all transactions are completed before this cutoff time. Additionally, miners are advised to stop directing mining rewards to Xeggex addresses.

LuxChain (LUX) ERC20 contract has been deployed on the Ethereum network as part of preparations for listing on Uniswap, Xeggex, NonKYC, and potentially MEXC.

📄 CA: 0xfe8f84eCF50D5D5eD6C170C6f18F40233a34FbbA

LuxChain (LUX) is now listed on two centralized exchanges: Xeggex and NonKYC. The date for trading to begin will be announced shortly.

- Xeggex: https://xeggex.com/market/LUX_USDT
- NonKYC: https://nonkyc.io/market/LUX_USDT

### Urgent Update: Temporary Re-Enablement of XPB and META Transactions on Xeggex

Xeggex has temporarily re-enabled deposits and withdrawals for XPB and META until 2 PM EST tomorrow. If you hold ERC20 XPB or META tokens, you can directly deposit them into Xeggex for an automatic swap to LUX. This option is available for those who prefer not to use the dedicated swap engine provided by us. The same automatic conversion applies to mainnet coins as well.

Attention miners: Please cease mining directly to your Xeggex address. Be aware that any coins sent to Xeggex after 2 PM EST tomorrow will not be credited to your account and will be considered lost. Ensure you complete your transactions within this timeframe to avoid any issues.

Xeggex is supporting the swap of XPB and META for LUX. In preparation for this, Xeggex will suspend deposits, withdrawals, and trading of XPB and META. All users holding XPB and META in their Xeggex accounts will automatically receive an equivalent amount of LUX tokens at a 1:1 ratio.

LuxChain Swap Engine is Now Live!

We're excited to announce the launch of the LuxChain Swap Engine. Holders of XPB and META can now convert their tokens to LUX at a 1:1 ratio. To kick off this exciting phase, we have deposited the first batch of 10 million LUX into the swap engine.

Swap Deadline: The opportunity to swap will close on May 31, 2024. Make sure to complete your transactions by this date to ensure you do not miss out on the conversion to LUX.

Link: https://swap.luxchain.io/

Announcement: LuxChain Mainnet is Now Live!

We are thrilled to announce that the LuxChain Mainnet is officially live! Here’s how you can get involved:

Deploy a Node:

• Download the Client or Compile the Source: Visit our GitHub repository to download the client or compile the source code directly: https://github.com/LuxChainPoW/luxchain-core
  

Synchronize Your Node:

• Launch the Node: Use the 'init genesis' command to launch your node.
  
• Genesis File: Access the genesis file via this link: https://github.com/LuxChainPoW/genesis/blob/main/lux.json
  
• Peer List:
  

Start participating in the LuxChain network today and help secure the blockchain. We look forward to seeing the growth and development of our community!

Announcement: LuxChain Mining Pool Bounty Program

We are excited to announce the LuxChain Mining Pool Bounty! The first five mining pools to list LuxChain will each receive a share of a total bounty of 10,000 LUX, with 2,000 LUX awarded to each of the first five pools. This is a fantastic opportunity for mining pools to join the LuxChain network and benefit from our bounty program. Don’t miss out—be among the first to support LuxChain and earn your reward!

LuxChain Block Explorer is live: https://luxscan.net/

To add LuxChain in Metamask, simply click on "Metamask" button on the website: https://luxchain.io/

To add manually:

Network name:         LuxChain
New RPC URL:          https://rpc.luxscan.net/
Chain ID:                 173
Currency symbol:      LUX
Block explorer URL:   https://luxscan.net/

LuxChain V1.0.0 Source Code and Binary Files: https://github.com/LuxChainPoW/luxchain-core

Announcement: LuxChain Mainnet Launch Scheduled for May 7th at 9:00 AM UTC

We are excited to announce the official launch of the LuxChain mainnet, set to take place on May 7th at 9:00 AM UTC. LuxChain is a cutting-edge Layer 1 blockchain that utilizes a classic Proof of Work (PoW) mechanism, designed to foster a decentralized, secure, and scalable ecosystem for decentralized finance (DeFi), NFTs, and smart contracts.

Key Features of LuxChain:

• Decentralization: A core architecture that ensures no single point of failure, providing a robust and reliable blockchain network.
  
• Innovative Deflationary Model: The network implements a block reward reduction of 5% every 100,000 blocks, which encourages early adoption and helps sustain the token's value over time.
  
• Enhanced Support for DeFi and NFTs: LuxChain comes equipped with specialized functionalities that enhance the user experience in DeFi and NFT markets.
  
• Stablecoin Sidechain: Aimed at improving transaction efficiency and scalability within the financial ecosystem.
  

Mainnet Launch Details:

• Block Explorer: Users will be able to monitor and search transactions, addresses, and blocks effectively.
  
• RPC & Web Wallet: Secure access and management of LUX tokens will be available through the updated RPC and web wallet interfaces.
  

Key Pre-Launch Information:

• Source Code and Node Clients: Will be made available to the community before the launch.
  
• Genesis File: Will be shared at the launch time to ensure a smooth and secure start.
  
• Documentation: Comprehensive guides and details will be available online to help users fully engage with LuxChain.
  

Join the LuxChain Journey!
Be part of the community shaping the future of decentralized finance. Experience blockchain innovation like never before starting May 7th.

Ethash

It's a token, cannot be mined.

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Introducing LuxChain

LuxChain is a groundbreaking Layer 1 (L1) blockchain, revitalizing the proven security of Proof of Work (PoW) mechanisms with innovative features specifically tailored for decentralized finance (DeFi), NFTs, and advanced smart contract functionality. LuxChain is dedicated to maintaining decentralization at its core, ensuring an ecosystem that is robust, secure, and user-centric.

Key Features

• Decentralization: Fully decentralized network with no single point of failure.
  
• Ecosystem: Designed to support a thriving environment for DeFi and NFTs.
  
• Rapid Deflation: Implements a unique economic strategy with block rewards reducing by 5% every 100,000 blocks to encourage early adoption and increase token value stability.
  
• Stablecoin Sidechain: Focus on enhancing the utility and scalability for DeFi applications.
  

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Roadmap for 2024

Phase 1: Launch

• Mainnet Launch: Establishing the foundation of LuxChain.
  
• Release Tools: Block Explorer, RPC & Web Wallet.
  
• Swap Engine: For XPB & META tokens.
  

Phase 2: Development

• Stablecoin Sidechain: Enhancing transaction scalability and efficiency.
  
• DeltaSwap AMM: Facilitating seamless asset swaps.
  
• Community Driven Initiatives: Staking & farming DApps, launchpad, token locker, NFT marketplace, and cross-chain bridge.
  
• Mobile Wallet: Ensuring accessibility and convenience for users.
  

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Tokenomics

• Ticker: LUX
  
• Max Supply: 33 million
  
• Allocation:
    
  • XPB and META Swap: 20M LUX
      
  • Proof of Work Mining: 10M LUX
      
  • Development: 3M LUX
      

LuxChain employs a rigorous deflationary strategy to ensure scarcity and boost the token's long-term value.

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Merging Visions: From MetaChain to LuxChain

LuxChain emerges from the strategic merger of MetaChain and the discontinued PowBlocks project. This integration was driven by community feedback and a successful public poll advocating for a 1:1 token swap. LuxChain is a blend of MetaChain's innovation and the community spirit of PowBlocks, creating a unified and potent blockchain ecosystem.

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Get Involved

Become part of the LuxChain community to help us redefine the blockchain landscape. Engage with us on our community channels, and let’s build the future of decentralized finance together.

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Official Links

- Website: https://luxchain.io/
- Github: https://github.com/LuxChainPoW
- Twitter: https://twitter.com/LuxChainPoW
- Discord: https://discord.gg/wTQYCAzBvn
- TG Channel: https://t.me/LuxChainOfficial
- TG Group: https://t.me/LuxChainChat

LuxChain is committed to fostering a decentralized and scalable blockchain ecosystem. We invite you to join us on this exciting journey to reshape the world of blockchain and DeFi.