Real-world Luxury Assets meet NFT. IDO launching 8th of November.
We are excited to announce that LuxFi will be launching on TrustPad!
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 a big data intelligence system and unique algorithm for automated data collecting and data processing, and the value of each NFT on their platform is backed by real-world data.
Bridging the gap between real-world luxury assets and NFTs.
The luxury market is highly fragmented and plagued with multiple issues including counterfeiting, no benchmark price for pre-owned assets and illiquidity when you want to resale them.
LuxFi’s vision is to create a sustainable ecosystem for luxury assets while tackling those challenges.
The revolutionary marketplace features categories that include: branded bags, luxury watches, limited-edition sneakers, fine jewelry, collectibles, diamonds, golds & precious metals, art, and liquor.
Discover more about the world’s first asset-backed NFT marketplace for luxury assets by visiting their links below.
Join the LuxFi Community
LuxFi IDO Details on TrustPad
Network: ETH; raise on BSC in BUSD
Total supply: 100,000,000
Initial Market Cap: $409,638
TrustPad Sale Date: 8th November 2021, 16:00 UTC
TrustPad Allocation: $70,000
IDO Price: 10 $LXF per 1 BUSD
Vesting: 100% Unlock at Day 1
Token Listing Date: Nov. 9, 2021–13:30 UTC
How to participate with TrustPad
Check out LuxFi’s pool page here.
TrustPad uses a Levels System to determine the amount of guaranteed allocation a participant is entitled to. These levels start from 15k TPAD being staked in the IDO staking pool and can go up to 185k TPAD. The multiplier assigned to each level calculates how much allocation is provided per a base allocation, which is set once the registration period closes shortly before the start of the raise.
There are also lower lottery levels, starting from 3k TPAD which give you a much higher chance of obtaining an allocation when compared to the public whitelist.
You can review and stake into the Levels by clicking here.
The TrustPad site also has a ‘Buy TPAD’ button at the top which will send you to PancakeSwap to swap for TPAD. The User Interface of PCS sometimes doesn’t feed through the contract code, so manual searching is often required.
You may need to manually search for the TPAD contract: 0xADCFC6bf853a0a8ad7f9Ff4244140D10cf01363C
If this is the case, click on ‘Select a currency’ and paste the contract code to the search bar, then select ‘TPAD’ once it pops up.
Staking TPAD to access the IDO
Once you’ve got some TPAD in your wallet, stake in Levels page by completing the following steps:
- Approve the interaction
- Stake number of TPAD you want to stake
Once the pool page opens for LuxFi, make sure to register for the IDO so you get your spot secured.
LP Staking access
You can also access the IDO by staking in the LP staking pool which can be found here.
The Level you have achieved can also be seen on the Levels page noted above once you have staked.
Registering for the IDO
As mentioned, you will need to register for the IDO to be eligible.
To do so, make sure to register on the LuxFi pool page:
Participating in the IDO
Once the Raise is live, guaranteed allocation round will last approximately 6 hours, followed by an FCFS round which is only for TPAD stakers and whitelisted wallets. You need to complete three steps to participate:
- Head to https://trustpad.io/pool/luxfi.
- Approve interaction.
- Send BUSD.
The Public Whitelist is where non-TPAD stakers get the chance to participate in the IDO. Recently there have been over 250,000 participants and over 22m entries in the whitelist, meaning that if you just stake 2k TPAD and register you will be greatly increasing your chances.
The link for the public whitelist will be shared here once it is live, as well as on official channels.
TrustPad has been founded to aid the growth of the blockchain ecosystem in a safe and sustainable way. TrustPad is proudly partnered with tokenova, Lupa X, GD10 Ventures, BlockSync Ventures, X21 Digital, Meridian Capital, Wealth Union, Twin Apex Capital and 4SV.
TrustPad is different to other launchpads. A ‘quality not quantity’ approach ensures that projects launched through TrustPad have real long term value. This will provide the TrustPad community with sustainable development, attracting a larger community for both $TPAD and the projects launched on the platform.