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Luxcoin was created in 2017 by an anonymous group of developer and programmers and takes its name from the Greek word for light. And now, this new cryptocurrency aims to shine a light on the insiders that have been monopolizing the Blockchain.
Driven by the fear of their new cryptocurrency falling into the hands of the wrong people, Lux decided to not proceed with an ICO (Initial Coin Offering) to help finalize their project. Instead, they financed it by âpre-miningâ and managed to obtain about 5% of the 6 million tokens made available on Cryptopia. Now, Lux is trading at around $25 and seems to be a good investment opportunity given its unique properties.
Luxcore.io, the group behind the cryptocurrencyâs creation plans to build confidence and trust in the Blockchain community. The aim is to restore trust between individual investors, companies and governments. To achieve this, theyâve set three goals for themselves.
First, they plan to take back Blockchain from the business world by making massive investments in mining cryptocurrencies, which, in turns, makes them less profitable.
Next, they plan to offer a Parallel Master node Network or PMN; a two-tiered encryption network dedicated to trusted institutions, such as big banks, corporations and governments. Also, the PMN would be able to work with and communicate with the rest of the Blockchain.
Their third and final goal is to give individuals the ability privately navigate the Blockchain.
Lux seems to be using a recipe that they learned from their predecessors.
Not only Bitcoinâs Blockchain but also Ethereumâs âsmart contractsâ and Arkâs âBlockchain SmartBridgesâ have all become tools that Lux plans to use to achieve their success.
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Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
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Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
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24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
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