LuxFi ZENDIT: Announcement + Participation & Pool Details

$LXF Pool Opens on November 8th, 12 PM UTC

Over the last few years, the luxury industry has emerged as one of the best candidates to leverage the potential of blockchain technology to improve its outdated data management systems and drastically improve its supply chain operations. Luxury items have the ability to both retain their value throughout time as well as appreciate in value which makes them great items to collect and trade!

One key problem experienced by every stakeholder in the luxury industry, from manufacturers to retailers and buyers lies in the difficulty to avoid counterfeiting. The total value of fake goods traded in 2020 reached 500 Billion dollars and the luxury industry especially is affected by this shortfall.

While luxury items have slowly entered into the world of blockchain, LuxFi is looking to turbocharge adoption within the industry by launching an innovation platform for luxury assets! Through LuxFi, everyone can create NFTs that are backed by real-world luxury assets for buying/selling/investing, and ensuring a sustainable life cycle of luxuries through Permanent Traceability, Authentication, and Asset Transferability.

With luxury items including branded bags, luxury watches, limited-edition sneakers, fine jewelry, collectibles, diamonds, golds & precious metals, art, and liquor as categories on their platform, LuxFi will be looking to kick off their growth with a ZENDIT of their $LXF token as an ERC-20 token!

LuxFi is getting ready to ZENDIT!

What is LuxFi?

  • LuxFi is a real-world luxury asset-backed NFT marketplace, where people can buy, sell and invest in luxury assets using different cryptocurrencies to increase the liquidity of luxury assets.
  • With LuxFi’s anti-counterfeiting product traceability, once the product is authenticated, a profile that contains metadata and history is created, which is permanently stored on blockchain for verification and easy traceability.
  • LuxFi’s product fingerprint technology will be also used to associate a physical item with its virtual asset on blockchain. The new owners can scan the product fingerprint to check if it is the original and authenticated item of the NFT.
  • Leveraging on a big data intelligence system and unique algorithm for automated data collecting & processing, eliminating counterfeiting through minting NFTs, and providing accurate NFT value that is backed by real-world data. The data is retrieved from worldwide sales channels and social media platforms.

Round Tier and Terms

  • Public Round Tokens
  • 100% Unlocked
  • Sale conducted on BSC

LuxFi ZENDIT Pool Details

  • Token Ticker: $LXF
  • Received Token Type: ERC-20
  • Raise Conducted on: Binance Smart Chain
  • Total Raise Amount: $70,000
  • Total Available Tokens: 700,000 $LXF
  • 2 Pools: Tier 0, Private Sherpa Pool
  • Asset Pool Pair: BUSD
  • USD Token exchange offering Price: $0.10

Participation Tiers

Sherpas will be eligible to enter the highest participation tier they qualify for on a per-wallet basis. Each individual wallet may only participate in one Sherpa tier and will also automatically be able to participate in the public tier if they qualify.

Applicants can hold or stake ERC-20, BEP-20, or Polygon OM. Supplied OM refers to OM supplied on ZENTEREST or zenOM. Staked OM refers to OM staked in our staking contract or sOM.

Our participation tiers for ZENDIT from highest to lowest are:

Tier 0 OLYMPUS MONS — Supplying 188,000 OM

  • Total Pool Allocation Amount: $20,000

Tier 1 EVEREST — Supplying 50,000 OM

  • Max Allocation Amount: $1000

Tier 2 ACONCAGUA — Staking/Supplying 40,000 OM

  • Max Allocation Amount: $800

Tier 3 DENALI — Holding/Staking/Supplying 30,000 OM

  • Max Allocation Amount: $600

Tier 4 KILIMANJARO — Holding/Staking/Supplying 15,000 OM or holding a “100M OM Staked” NFT

  • Max Allocation Amount: $400

Tier 5 ELBRUS — Holding/Staking/Supplying 8888 OM or holding a MANTRA DAO PolkaPet.

  • Max Allocation Amount: $200

Instructions for Whitelisting

  1. Join the LuxFi Telegram community: https://t.me/Luxfiofficial
  2. Follow MANTRA DAO and LuxFi on Twitter:
    https://twitter.com/MANTRADAO & https://twitter.com/luxfiofficial
  3. Like the official announcement tweets about the LuxFi token launch (on both the ZENDIT and LuxFi Twitter pages) and also retweet these tweets!
  4. Final step, complete this entry form before November 6th 12 PM UTC.

After the whitelist closes on Saturday, November 6th 12 PM UTC, we will be randomly picking a limited number of Sherpas for each tier who will have access to the pools and will be announcing the winners’ ERC-20 wallet addresses via our Twitter and Official News, and Announcements on Sunday, November 7th 12 PM UTC

Please note that even if you are randomly selected to access the pool this does NOT guarantee you have an allocation and you will need to act fast to take part in the pool!

About MANTRA DAO

MANTRA DAO is a community-governed DeFi platform focused on Staking, Lending, and Governance. It gives financial control back to the people, so that they may store and grow their wealth together. The MANTRA DAO team aims to leverage crowd wisdom to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Initially built on Substrate as a Polkadot first project, it now also offers its services on Ethereum, Binance Smart Chain, and Polygon.

Website |Whitepaper |Telegram |Medium |Twitter | LinkedIn | Github

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. They 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 reselling value. Leveraging on their big data intelligence system and unique algorithm for automated data collecting and data processing, the value of each NFT on their platform is backed by real-world data.

Website | Deck | Telegram | Medium | Twitter | LinkedIn

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