Our native utility tokens created for the LUX Payband application are created on the Stellar Blockchain.
LUX Payband utility tokens fuel our festival an events ecosystem through in event loyalty rewards redemptions. Our utility tokens are not to be utilized or held for the expectation of futures profits, speculation or buying and or selling in any capacity in any capacity whatsoever.
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90%
Percentage of Tokens lack Use Cases
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19%
Red Flags in all Tokens
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47%
Percentage of Tokens Fail
The Problem
Most tokenized projects have little to no actual utility. Tokenization is the process of issuing a digital token of an asset on a blockchain. LUX Payband utility tokens enable speed and efficient of exchange between our consumers and merchants.
- Lack of Utility
- No Speculative Assets
- No Real Use Case
LUX Payband Utility Tokens & Use Cases
Most tokens have little to no actual utility. Thus, creating tokens that have no real-world use cases.
Our utility tokens enable our patrons the ability to redeem our tokens for the exchange of goods and services, and loyalty & reward redemptions. Our LUX Payband application will be as simple as pairing a wristband, downloading our proprietary software and start exchanging our utility tokens for goods and services and redemptions.
Disclosure Agreement
Our utility tokens are created for use within our festival an events ecosystem. Users acknowledge an agree, by using, to not utilize our tokens for any speculative expectation of future profits whatsoever and assume any and all risk for such usage. None of our utility tokens are US dollar equivalents nor substitutes. We discourage any and all speculating, buying or selling and or investing, any of our utility tokens as such.
LUX Payband White Paper
Ticket purchased
- Date April 1st
- Event Name Concert
- Quantity 1 Ticket
- Total $30
Concert purchases
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In Event Use & Rewards
PYBC, POINTS, USDP & FOOD
All LUX Payband Utility tokens may be accessed on all Stellar Wallets for in event usage.
Our tokens may be stored on all Stellar wallets. We do not recommend any wallet over another. In fact, we strongly recommend doing your own due diligence on selecting a wallet for use.
LUX Payband Utility Token Features
LUX Payband application is built on the Stellar Blockchain. Our native utility tokens will fuel our festival an event ecosystems. Also, all Stellar Blockchain tokens may also be loaded onto our application.
LUX Payband festival an events ecosystem consists of over 10 festivals, existing and developing. To date our festival an events ecosystem has seen over 500,000 foodies and enthusiast since launch.
Tokenization of tickets, beverages and food has enabled us to create utility tokens to further expedite customer and vendor service. Thus, creating in event digital redemption.
We have created over 10 festival and events since 2013, thus enabling use to create technology for our own ecosystems.
Simple. Patrons pair their digital wallets to our application. They purchase tickets, water and food. We send them a utility token for the equivalent units on their payband. Merchant scans and redeems utility token for goods or service.
Costs to send and transfer utility tokens are less than $.0001. Cost to purchase bands for event participants will be bundled in the ticket cost. Cost to add project tokens to band for use within their ecosystem are discussed on usage and case by case basis.
Curated Festival & Events
