LUXCore plans structural changes for long-run sustainability.

Addressing POW/POS rewards change and Cryptopia issue.

Hello once again everyone! Recently we have witnessed a lot of changes in the blockchain industry and LUXCore is definitely keeping up with the changes.

Since its inception LUX has been under constant development and continuous improvement. The team is always considering all future events and every implemented change is for the sustainability of the project on the long run.

A few days ago LUX announced major changes within their blockchain reward structure. The reason for this update is to improve the overall structure of the project and to create a better balance for the distribution of coins between POS and POW. Here you have a more detailed example of the reward changes

Ultimately, the LUXCore team has decided to introduce a Dev Fee to help sustain the future expansion of the product and its developments. This added fee will allow the team to continue their tasks with minimal financial worry, more exposure, and more consistent developments in the future.

Furthermore, the LUXCore team has decided to take action with the Cryptopia issue. As many of you know, Cryptopia holds approximately 1 Million LUX in its wallet; funds that were present on their platform before they got hacked, back in January. The team has made the ultimate decision with the upcoming fork to block the coins that are currently held by Cryptopia liquidators, to help eradicate the uncertainty with the liquidators. With this action, LUXCore aims to prevent the liquidators from negatively impacting the project through means of market pressure. This precautionary measure is necessary since their holdings make up 15% of our circulating supply

The exact blockheight for this fork is yet to be established and the LUXCore Team will update the community as soon as they have a clear decision.

As we can all see LUX is improving more and more everyday and it’s the reason for which it will probably be one of the top gainers in this new bull market that we are facing right now!

Stay tuned for more articles about the ongoing activity of LUXCore.

~Let there be LUX~

This is LUXCore and LUXCcore is future.

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Disclaimer!

*This is not to be considered a financial advice in any way and you must always do your own research before investing in any project.