This sounds fanatastic, and as you say, it seems so unrecognised/undervalued.
I have looked into LUXGate and if its already in beta this could be the exchange of exchanges. Is there an ETA on LUXGate release?
Also which block is the folk at?
Topic: [NEW ALGO][GPU MINING] LUXcoin fork with RX2 mining algorithm and more! (Read 108 times)
February 16, 2021, 04:55:09 AM
February 15, 2021, 08:18:48 AM
It is a new start for the LUX's blockchain !
I can't wait to see the result of this fork
I can't wait to see the result of this fork
February 15, 2021, 07:34:13 AM
Hi everybody,
As you know, there are also small / micro cap coins in the crypto sphere. One project I have been following since their start in 2017 is LUXcoin, which is initiated by the LUXcore project.
I would like to bring this project to your attention while it is still a relatively unknown project. The price of the coin is very low in relation to the quality of the project.
LUXcoin is not a copy / paste project but a complex currency that you don't see much of. The currency's infrastructure consists of the POW, POS (8-9% ROI) and parallel Mastenode (17% ROI) network.
This makes the network very safe and resistant to 51% attack. The project has not had an ICO and is not just dumping coins on its investors. They have survived the bear market and are still developing.
Last year the project had to deal with a mining farm. The mining was therefore unfairly divided with respect to the private miners.
As a result, they have overhauled their mining algorithm and come up with a very efficient variant called RX2. The algorithm is finished and can be used for fair mining. Creating an algorithm is very complex and they have spent a lot of time on this. It is important to have a good mining algorithm as a basis.
They are one of the few projects who build their own algorithm(let alone a network that is also based on pow). This took a long time and therefore the project seemed to have come to a standstill. This can also be seen in the current trading volume.
Nothing could be further from the truth, because the fork of the RX2 algorithm takes place on 18 february 2021. For the miners among us is also very interesting to mine. After the fork, they will focus on other products in the pipeline. The project is very alive and far from "dead".
What's next?
- LUXgate: A real decentralized exchange for various coins and tokens. Development is already very advanced. Private beta is closed.
- LUXedge: decentralized Github.
- Codebase upgrade.
- Rebranding (new mission vision, website, marketing, exchanges, etc.).
What do they already have?
- Smart Contracts.
- SegWit.
- POS (mobile) web wallet (no own electricity costs, but fee).
- Explorer.
- Efficient QT wallet.
In the meantime, the project has also been given a different mission and vision and therefore have also announced a rebrand to revive the project.
After the algo fork, they will also shape this and focus fully on marketing and awareness of the product. New exchanges are also part of this. But their own DEX (LUXgate) is the most important thing that with the right marketing strategy can provide brand awareness and liquidity.
They first want a good product that they support before they focus on the marketing of the product instead of projects that first create hype and go out like a candle.
More information can be found or obtained in their discord.
https://discord.com/invite/ndUg9va
Currently exchanges:
Bilaxy
https://www.bilaxy.com/
Coinbene
https://www.coinbene.com/exchange.html#/exchange?pairId=LUXBTC
Tradeorge
https://tradeogre.com/exchange/BTC-LUX
Stakecube
https://stakecube.net/app/exchange/LUX_BTC
As you know, there are also small / micro cap coins in the crypto sphere. One project I have been following since their start in 2017 is LUXcoin, which is initiated by the LUXcore project.
I would like to bring this project to your attention while it is still a relatively unknown project. The price of the coin is very low in relation to the quality of the project.
LUXcoin is not a copy / paste project but a complex currency that you don't see much of. The currency's infrastructure consists of the POW, POS (8-9% ROI) and parallel Mastenode (17% ROI) network.
This makes the network very safe and resistant to 51% attack. The project has not had an ICO and is not just dumping coins on its investors. They have survived the bear market and are still developing.
Last year the project had to deal with a mining farm. The mining was therefore unfairly divided with respect to the private miners.
As a result, they have overhauled their mining algorithm and come up with a very efficient variant called RX2. The algorithm is finished and can be used for fair mining. Creating an algorithm is very complex and they have spent a lot of time on this. It is important to have a good mining algorithm as a basis.
They are one of the few projects who build their own algorithm(let alone a network that is also based on pow). This took a long time and therefore the project seemed to have come to a standstill. This can also be seen in the current trading volume.
Nothing could be further from the truth, because the fork of the RX2 algorithm takes place on 18 february 2021. For the miners among us is also very interesting to mine. After the fork, they will focus on other products in the pipeline. The project is very alive and far from "dead".
What's next?
- LUXgate: A real decentralized exchange for various coins and tokens. Development is already very advanced. Private beta is closed.
- LUXedge: decentralized Github.
- Codebase upgrade.
- Rebranding (new mission vision, website, marketing, exchanges, etc.).
What do they already have?
- Smart Contracts.
- SegWit.
- POS (mobile) web wallet (no own electricity costs, but fee).
- Explorer.
- Efficient QT wallet.
In the meantime, the project has also been given a different mission and vision and therefore have also announced a rebrand to revive the project.
After the algo fork, they will also shape this and focus fully on marketing and awareness of the product. New exchanges are also part of this. But their own DEX (LUXgate) is the most important thing that with the right marketing strategy can provide brand awareness and liquidity.
They first want a good product that they support before they focus on the marketing of the product instead of projects that first create hype and go out like a candle.
More information can be found or obtained in their discord.
https://discord.com/invite/ndUg9va
Currently exchanges:
Bilaxy
https://www.bilaxy.com/
Coinbene
https://www.coinbene.com/exchange.html#/exchange?pairId=LUXBTC
Tradeorge
https://tradeogre.com/exchange/BTC-LUX
Stakecube
https://stakecube.net/app/exchange/LUX_BTC
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