Luxcore Q2 Summary + Q3 Updates.

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Luxcore

5 min readJul 25, 2019

Dear community, in this article we are presenting you a summary regarding the Q2 of 2019 for Luxcore, updates regarding our latest release, the V5.3.3 wallet and the updates for our Q3 Activity so far. Now let’s take a moment to look back at the what we accomplished in the second quarter of this year.

Starting with the beginning of April 2019, LUX was successfully integrated into the ivendPay’s system, making it possible for the first time to pay with LUX for a product from a vending machine and also for other products in the future, as ivendPay’s system will grow. The core and development teams have managed to continuously push the expansion of the project and attract more and more opportunities for LUX.

On 17 of April, LUX officially announced their partnership with Swyft and the integration into their mobile game called Crypto Hunter. This is an Augmented Reality game which allows players to collect masternode coins in their local area (Parks, Playgrounds, etc…), learn about crypto and withdraw them to their wallets or to an exchange and even cash them out if they want. An example of the gameplay can be found here in their teaser.

A few days after the Swyft partnership was revealed we also announced plans for MENA (Middle East and North Africa) expansion, for future business opportunities and by the end of the month we already engaged in a partnership with TEQNOBLOC to target MENA market.

In the busy month of April we managed to enable the Token Monitoring function on our explorer, a vital function which will help in providing the personalized explorer services developed by LUX to other blockchain projects.

Starting with May 2019, we launched a blog on our website and migrated all the news and updates that were shared on different media channels since January 2018. We wanted to bring together all the information about our project so it will be easier for new investors to find what they are looking for, since everything will be in one place. On 10th of May we released the design of our future DEX, LUXGATE, for everybody to have a hint about what’s coming out from our “labs”.

By the half of May we announced a new global strategic partnership with Gath3r.io for a very promising future in the web industry. We have also approached the Cryptopia issue, trying to establish a dialog with Cryptopia Liquidators regarding the approximately 1Million LUX Coins that are still in Cryptopia’s custody but unfortunately did not received a response, so we had to take a firm decision on our end which has led to a ban on Cryptopia’s LUX Addresses, for spending or staking the LUX Coins. The ban was pushed in our latest release (V5.3.3). During the same month John McAfee and LUX have agreed to part company and currently Luxcore has invested the Chief Of Operations as CEO.

We must also remember the great the friendship we have forged with Ron Perlman, the well known actor from Hellboy and other great action movies. A great day, to be continued…!

In June, the final month of Q2 we managed to come up with the new reward system, which was engineered to provide more stability for our network and for the investors, balancing the rewards from POS and POW. Together with this change we also implemented a dev fee in order to secure a part of the liquidity needed to push the project forward and to ensure the continuity of providing quality services and products.

One more accomplishment was also the listing on NEXT Exchange which came as a result of a common effort from our community and NEXT Exchange’s wish to provide a new trading place for the projects that were affected by Cryptopia’s shutdown.

On the 28th of June we announced that the Alpha testing for LUXGATE was a success and we are advancing to the next stages. We also provided a brief introduction to LUXGATE for the community that explains the functions of LUXGATE. The following day, on the 29th we announced the implementation of Token Management feature on our POS Web Wallet. Same as the Token Monitoring feature on our explorer, this function will allow other blockchain projects to acquire our unique services for web staking. On the same day we also announced that our DFS (Decentralized File System) has reached its beta version and it’s now one step closer to completion.

Luxgate - Truly Trustless Decentralized Exchange for the people

As we stated at the beginning of this article we want to build an exchange for the people, but also an exchange for all…

luxcore.io

Q3 (July — September 2019)

LUX is stepping into Q3 2019 with the same excitement and determination to provide the tools for the ongoing blockchain revolution.

The fork at blockcheight 828100 was successful and implemented.
All exchanges will shortly open their wallets after the update is complete on their end as well.

The V5.3.3 Wallet which was released before the fork contains multiple bug fixes, improvements and the ban on Cryptopia’s LUX addresses.

Here you can see an overview of our latest release: