zeekayandHanzo Dev
21ea009c3f
Mainnet 96369 was reset to a fresh genesis on 2026-07-10 to recover from a C-Chain warpConfig VM-init bug (not consensus). The 118 Genesis NFTs on 0x004287C4... and all post-genesis state were wiped; the treasury 0x9011 2T is preserved (genesis allocation). Re-mint + the ~990B tokenomics convergence are deferred to after the v1.36 consensus rip-out so the app layer redeploys once. - migration/HISTORY.md: authoritative 2026-07-10 reset entry; prior 118-token state marked superseded (now the re-mint spec); process/version note updated. - RECONCILIATION.md / cchain/GENESIS-NFTS.md / README.md / LLM.md: pointer banners so no reader quotes the pre-reset "current" figures as live state. Canonical 2T distribution (SUPPLY.md) and the ETH->C-Chain migration record are unchanged and remain the spec. Root cause writeup: ~/work/lux/consensus/docs/postmortems/tendermint-accretion.md Co-authored-by: Hanzo Dev <[email protected]>
9.5 KiB
Lux Tokenomics
The single source of truth for LUX tokenomics and the complete Genesis NFT history — original Ethereum mint → C-Chain migration → today. Every contract, every allocation, the full token-by-token mapping, backed by on-chain data.
Numbers here are either (a) owner-provided canonical tokenomics, or (b) derived from live on-chain snapshots in
data/and verified bydata/gen_migration_map.py. Anything not yet confirmed is marked ⚠️ TO CONFIRM — see RECONCILIATION.md.
1. LUX at a glance
| Total supply | 2,000,000,000,000 LUX (2 trillion) |
| Supply policy | Fixed — no more LUX can ever be minted |
| Deflation | Half (50%) of every transaction fee is burned |
| Genesis price | $0.0001 / LUX |
| FDV | $220,000,000 (owner-stated) — ⚠️ $0.0001 × 2T = $200M; see note below |
| Primary chain | Lux C-Chain, EVM chainId 96369 |
| DAO / treasury wallet | 0x9011E888251AB053B7bD1cdB598Db4f9DEd94714 |
⚠️ FDV / price reconciliation. Genesis price $0.0001 × 2,000,000,000,000 LUX = $200,000,000, not $220M. The owner states FDV $220M (which implies a price of ~$0.00011, a 10% delta). Recorded verbatim; to be resolved with the owner. See SUPPLY.md.
2. Distribution (2,000,000,000,000 LUX)
The percentage view — how the 2T is split by program:
| Bucket | % | LUX | Lock | Notes |
|---|---|---|---|---|
| Lux DAO | 50% | 1,000,000,000,000 | Locked | Controlled by the DAO |
| Public Sale | 20% | 400,000,000,000 | Not-Locked | 369 daily auctions |
| Lux Team | 5% | 100,000,000,000 | Locked | 366-day cliff, then 10% / month |
| Lux Developers | 5% | 100,000,000,000 | Locked | 366-day cliff, then 10% / month |
| Network Treasury | 5% | 100,000,000,000 | Locked | Market-making liquidity |
| Network Rewards | 5% | 100,000,000,000 | Locked | Customer acquisition |
| Network Partners | 5% | 100,000,000,000 | Locked | Partner incentives |
| — | VOID — never happened (see below) | |||
| Total | 100% | 2,000,000,000,000 |
The allocation view — the same 2T regrouped the way it is actually held / issued (the voided Private Sale 100B folds into the NFT collection bucket):
| Allocation | LUX | Composition |
|---|---|---|
| Lux DAO | 1,000,000,000,000 | 50% |
| Lux NFTs | 500,000,000,000 | Public Sale 400B + voided Private Sale 100B |
| Lux Team | 100,000,000,000 | |
| Lux Developers | 100,000,000,000 | |
| Network Treasury | 100,000,000,000 | |
| Network Rewards | 100,000,000,000 | |
| Network Partners | 100,000,000,000 | |
| Total | 2,000,000,000,000 |
Private Sale (5% / 100B) is VOID. No private sale ever happened; the 100B was never sold. It is documented as retained by the DAO / unallocated, pending an owner reallocation decision. In the allocation view it is folded into the 500B Lux NFTs bucket (400B Public Sale + 100B void). Full detail: SUPPLY.md.
Full breakdown, vesting mechanics, burn, and price/FDV: SUPPLY.md.
3. The Genesis NFT collection (the 500B "Lux NFTs" bucket)
The Lux NFTs bucket funds the collectible/validator collection and the card + cash-reward programs. Two views:
Product view — Coins (collectibles) and Validators (a hierarchy):
| Family | Tiers | Notes |
|---|---|---|
| Coins | 10B×1, 1B×10, 100M×100, 10M×1,000, 1M×10,000 | 11,111 tokens, 50B LUX. Matches the ETH Drop "Wallet" tiers exactly. |
| Validators | Genesis 1B, Validator 100M, Mini 10M, Nano 1M, Mobile | Only the 100 Genesis Validators are in the ETH genesis collection; the rest are designed but not yet issued. |
| Pass (LUX) | ⚠️ 100,000 count (bond TO CONFIRM) | Membership pass |
| ATM / Card | 1,000 authorized | The membership "Card" (~$20,000 → 200M LUX each, ⚠️ owner-stated) |
500B allocation view — how the sheet slices the bucket (this sums to 500B):
| Slice | LUX |
|---|---|
| Coins | 50,000,000,000 |
| Validators + Pass | 11,111,000,000 |
| Credit Card (1,000 × 200M) | 200,000,000,000 |
| Cash Rewards | 238,889,000,000 |
| Total | 500,000,000,000 |
Full per-tier tables, card names/pricing, and the authorized-vs-minted counts: NFT-COLLECTION.md.
4. The migration in one line
50 Ethereum Genesis NFTs (28 holders) were re-minted 1:1 to the same holders on Lux C-Chain, then the 68 unminted Genesis Validators were completed to the DAO treasury — the collection now holds exactly 100 Genesis Validators (#1–#100) + 18 Coins = 118 tokens on-chain.
Ethereum mainnet (2020→) Lux C-Chain 96369 (2026-07)
┌───────────────────────────┐ ┌────────────────────────────────┐
│ Media 0x31e0F919…10311 │ re-mint │ GenesisNFTs 0x004287…76C6 │
│ (LUXNFT, Zora-fork) │ 1:1 │ (LRC721 "Lux Genesis") │
│ │ ───────► │ │
│ 50 minted / 12,211 auth. │ same │ 118 minted │
│ 32 Genesis Validators │ holders │ ├ 50 to original holders │
│ 18 Coins │ │ └ 68 Genesis Validators → DAO │
│ 28 distinct holders │ │ (completes authorized 100) │
└───────────────────────────┘ └────────────────────────────────┘
- Timeline & versions: migration/HISTORY.md
- Token-by-token map (all 118): migration/MAPPING.md
(generated from verified data →
data/migration-map.json)
5. Contracts
| Chain | Contract | Address | Role |
|---|---|---|---|
| Ethereum | Media (LUXNFT) | 0x31e0F919C67ceDd2Bc3E294340Dc900735810311 |
The NFT (Zora-fork) |
| Ethereum | Drop ("Gen 0") | 0x941E3B4fC883B1746E52814EB8574b85E6Fa4E66 |
Authorized token types |
| Ethereum | App | 0x44A210571E135C6a536564e9B14dc4DA63f3D398 |
Minter / orchestrator |
| Lux C-Chain 96369 | GenesisNFTs | 0x004287C47efc912FEc391979154454a8017A76C6 |
LRC721 re-mint target |
| Lux C-Chain 96369 | DAO / treasury | 0x9011E888251AB053B7bD1cdB598Db4f9DEd94714 |
Owner, royalty, ~1.99T LUX |
- Ethereum source: github.com/luxdefi/town —
contracts/src/{Media,Drop,App}.sol,contracts/deploy/14_drop.ts. Detail: ethereum/ORIGINAL-CONTRACTS.md. - C-Chain source:
~/work/lux/standard/contracts/nft/GenesisNFTs.sol. Detail: cchain/GENESIS-NFTS.md.
6. Where we are vs where we're going
RECONCILIATION.md is the honest gap report: the DAO wallet holds ~1.99T (target 1.00T), coins are 18/11,111 minted, validators are 100/100 ✓, the Private Sale is void, and the C-Chain contract still needs a tier extension (no 10B coin tier, no Card bond). Read it before quoting "current" numbers.
⚠️ 2026-07-10 genesis reset. Mainnet 96369 was reset to a fresh genesis on 2026-07-10 to recover from a C-Chain
warpConfigVM-init bug (not consensus). The 118 NFTs and all post-genesis state were wiped; the treasury 2T is preserved (genesis alloc). The migration record and the "current" NFT counts above are now the re-mint target, not live chain state. Re-mint + the ~990B convergence are deferred to after the v1.36 consensus rip-out (one app-layer redeploy). Timeline: migration/HISTORY.md (2026-07-10).
Repository map
README.md This file — overview + canonical tables + repo map.
LLM.md AI/context file: what lives where, how to regenerate data.
SUPPLY.md The 2T distribution in depth: buckets, vesting, void, burn, price/FDV.
NFT-COLLECTION.md Coins / Validators / Card / Pass — full authorized tables + pricing.
RECONCILIATION.md Current on-chain state vs canonical target; the exact gaps.
ethereum/
ORIGINAL-CONTRACTS.md Media / Drop / App, the Zora-fork model, authorized vs minted.
HOLDER-SNAPSHOT.md Authoritative ETH holder snapshot (all 50 tokens, block 25443474).
cchain/
GENESIS-NFTS.md The C-Chain contract, current 118 state, tier gaps.
migration/
HISTORY.md ETH → today timeline + process/consensus versions.
MAPPING.md Token-by-token ETH→C-Chain→holder table (generated).
data/
eth-authorized-supply.json Live ETH Drop authorized vs minted per type.
cchain-current.json Live C-Chain per-token owner + name (118 tokens).
migration-map.json Generated: the verified ETH→C-Chain→holder map.
gen_migration_map.py Verifier + generator for the two files above.
Regenerating the data
python3 data/gen_migration_map.py # verifies every cross-check, (re)writes
# data/migration-map.json + migration/MAPPING.md
The script fails loudly if any invariant breaks (owner mismatch, tier/bond disagreement, validator serials not exactly #1–#100). See LLM.md for how each fact is sourced.