Question 1

What is Luxxcoin (LUX)?

Accepted Answer

Luxxcoin (LUX) is a utility token on the Solana blockchain that powers a meme-themed (“MemeFi”) reward system built around recurring on-chain competitions called Hero Rewards. Time is divided into 60-day seasons. During each season, wallets that hold LUX are tracked on-chain and assigned a score by a predefined model.

At the end of every season, the highest-scoring wallets receive LUX rewards through smart contracts. Results are shown on a live leaderboard, and all reward transactions can be checked directly on Solana, so participants can see how their on-chain activity affects their standing and payouts.

Luxxcoin places LUX at the centre of this competition model, linking meme culture, game-like progression and transparent reward distribution in a single token ecosystem.

Question 2

What is Luxxcoin (LUX) token used for?

Accepted Answer

**1. Hero Rewards competition**

The primary use of LUX is to participate in Hero Rewards. For each 60-day season:

- wallets holding LUX are scored based on their on-chain behaviour  
- a fixed LUX reward pool is allocated to the top wallets at the end of the season  
- the leaderboard, scores and payouts are published and can be audited on-chain

The scoring system focuses on wallet behaviour, not just balance size. There are anti-whale rules that limit the impact of very large holders so that rankings depend more on how a wallet behaves over the season than on how many tokens it holds.

**2. Incentives and ecosystem activity**

LUX is also used to support wider activity around the Luxxcoin ecosystem. Allocations of tokens are reserved for:

- community and engagement campaigns  
- user acquisition and promotional events  
- partnerships and ecosystem growth  
- operational needs linked to running the Hero Rewards model

These allocations make LUX the internal currency for project incentives, tying longer-term participation to future features, campaigns and other token-driven activities.

**3. Planned governance and staking**

The development plan for Luxxcoin includes an expanded role for LUX in governance and staking. Over time, LUX is intended to give holders a way to influence parts of the ecosystem and to earn additional rewards for committing tokens for longer periods.

These governance and staking functions are designed as later phases that build on top of the existing seasonal competition.

Question 3

Who created Luxxcoin (LUX)?

Accepted Answer

Luxxcoin (LUX) was created by entrepreneur **Roy Mayer**, who is presented as the project’s founder. He is also the founder and CEO of Vixichain, with experience across fintech, payments and blockchain-related ventures.

The technical development and maintenance of Luxxcoin are carried out by the **Luxxcoin-team** group, associated with **Trezzo Technologies Inc.**, a company registered in Panama. This organisation manages the project’s codebase and is linked to operational aspects of the Luxxcoin ecosystem, including the infrastructure that supports Hero Rewards.