"Developed by Luxcore, LUX (LUX Coin) is a hybrid cryptocurrency utilizing both proof-of-stake and proof-of-work algorithms to enhance blockchain security and decentralization. Luxcore's hybrid consensus model imploys masternodes to provide specialized functions and further secure the chain while providing additional rewards to coin holders. The LUX blockchain enables developers to utilize smart contracts and decentralized applications.
Luxcore continues to develop products for the LUX blockchain including Luxgate (a truly trustless, peer to peer decentralized exchange) and Luxedge (a decentralized software development platform and repository).
LUX was created in 2017 as a fork of the Bitcoin codebase, but it has grown to not only keep up with new technologies in the cryptocurrency space, but has aimed to introduce new innovations and services to the broader crypto community with cross-chain and decentralized solutions."
What is the highest value LUXCoin (LUX) has ever reached?
LUXCoin (LUX) reached its peak price at 49.92 $ on 12 January 2018, approximately 7 years ago ago. Presently, the current price is -99.99% lower than this all-time high.
What is the historical minimum price for LUXCoin (LUX)?
The minimum price reached for LUXCoin (LUX) was 0.0001647 $, documented on 16 September 2024, more than 8 months ago. In comparison, the current price is 1,745.09%, it above this historical low.
What is the fully diluted valuation of LUXCoin (LUX)?
The fully diluted valuation (FDV) of LUXCoin (LUX) stands at $ 182,354. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of LUX tokens. The realization of this FDV might take several years depending on the emission schedule of LUX tokens.