Does LuxWorld, Web3 Travel-to-Earn Really Pay Or Is It A Scam?

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Decentralized finance, or DeFi, is a relatively new set of blockchain-based financial services that are gaining popularity and acceptance. However, there are also many scam projects that make investors worry. Recently, the newly launched LuxWorld Web3 Travel-Social App project has also received a lot of attention from the community who are also receiving many questions about scams. So today, let’s find out if this is a future scam or ponzi model.

LuxWorld concept and how to make money

LuxWorld Web3 Travel-Social App is based on several key factors, one of these focuses is Social-Fi – a combination of social networking and financial incentives designed to create a community of content creators. decentralized social content and applications.

Community participation and community empowerment have been recognized as both the means and the outcome of these technical innovations. The platform of LuxWorld and its Social-Fi is to empower people to earn through subscriptions while traveling, minting NFTs, buying NFTs in the marketplace and exchanging them and their experiences with people on the platform. foundation.

The user has become an independent developer community. No need to go through Financial Intermediaries (Fls) or other forms of direct management, not bound by normal regulations.

The world of the project is designed to both encourage people to experience new things first-hand, and to be an important partner in providing valuable content to other users, with the reward for this being real monetary profit.

To start at LuxWorld, you just need to equip yourself with Luggage to be “Travele”‘ or to buy NFTs in the form of Check-in Nodes to be a “Location Owner”.

For Travelers, when you check-in at the Check-in Button in LW, you can earn rewards based on the attributes of your NFT Baggage such as Space, Durability, and Casting Time. Each registration also gives you a chance to get Lucky Box which you can open and get various rewards like Diamonds, which you can then buy/sell in the market.

For Subscribe Button owners, when a Traveler registers at your nodes, you can earn passive income, again depending on the properties and energy of your Subscribe Button. You can also get Diamonds through Lucky Box.

Tokenomics

LUX (LuxWorld Token)

LuxWorld Token (LUX) is built on the Ethereum and developed as the native token of the meteverse.
Token Name: LuxWorld token
Token Symbol: LUX
Token Decimals: 18
Token Type: ERC-20
Circulation Supply: 2,000,000,000

LUX Supply and Earning

LUX is a governance and utility token with limited supply of 2,000,000,000 LUX. At the initial phase, it set community sales accounts for 45% of token supply. After presale, unsold token from Community Sales was transferred to Community Treasury.

Long term development

Q2&Q3/2022

Website release
Luxworld litepaperer release
INO NFT Check-in Node

Q4/2023

Mobie app beta release
NFT marketplace
Marketing kick-off
INO NFT Luggage
Audit smart contract
Web manage node NFT
App beta
Lux public sale

Q1/2023

Social-Fi ellements launch mainet version
Travel to Check-in
Luxworld wallet – test phase
Partnership with luggage brands and famous locations
LUX token DEX/CEX listing

Q2&Q3/2023

Web3 Social network
User NFT generation systerms
Renting NFTs
Bridge to Polygon/BNB

Q4/2023 & Q1/2024

Travel Defi solution
In-chain adNetwork
Commercial and booking system
Carbon offsetting

Q3/2024

Social-Fi elements
Travelerse – Traveling on Metaverse
More and more

With a clear detailed roadmap and goals that are not too far from reality, this roadmap of Luxworld is considered to have great potential for implementation in the future. Therefore, it can be said that this is one of the projects in the top presale project to invest in 2023.

It’s only just begun, there’s still a long way to go

Step by step product development, starting to build with Social-Fi elements is the current booming trend, LW has a vision to become the Web3 social travel app and the largest online content network in the industry.

The project currently has various events going on to reward our community, including:

White list
Free Mint
AMA
Lucky Draw: Win100k $LUX (https://lux.world/win-100k)
Other Events: World Cup Prediction, Photo Contest for example Share your dear Christmas photos and get a prize of 5,000 tokens + $100 + 10 #Whitelist…

Conclusion

It can be seen that Luxworld is a meticulously invested project from the concept to the development plans. In particular, the project always follows the outlined roadmap and all data is disclosed quickly and transparently. The project’s token is listed on schedule and on reputable exchanges. Besides that, the project also fosters an effective community of users and developers who actively communicate back and forth.

That said, if there is a project with inactive or silent developers, they may be planning a scam or another form of scam. Cryptocurrency enthusiasts will always say that it is best to know the team behind a project. If a group keeps their plans secret or doesn’t communicate with their community, there’s reason to believe they have bad intentions.

Therefore, it can be concluded that LuxWorld is a good project, does not carry any signs of fraud and investors can consider to make a profit from the project.

Learn more about the project:

Website: https://lux.world/

Twitter: https://twitter.com/luxworld_

Discord: discord.com/invite/Mub4Qu6Rwg

Telegram: https://t.me/luxworldofficial

Facebook: https://www.facebook.com/luxworld.official

Medium: https://luxworld.medium.com/

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

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