6 Jul 2018

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ALLUXE ICO Review - Decentralized Luxury Platform

Alluxe.io is a blockchain-based luxury platform intended for the convenient and transparent interaction of companies and customers in the luxe segment through cryptocurrencies and modern technologies. This is an innovative solution for the crypto-elite, wealthy people demanding to the level of comfort, quality of service and confidentiality.




Alluxe.io helps you plan a trip or a business trip, rent a premium car, yacht or luxury real estate and make expensive purchases anywhere in the world. The ALLUXE company aims to remove the barrier between the crypto elite and suppliers of luxury goods and services. Users of the platform will be able to make universal payments in any convenient currency: whether it is euro, dollars or a cryptocurrency. A new class of wealthy people has formed the so-called crypto elite. These are people who desire a luxurious lifestyle and keep most of their fortune in cryptocurrency. But it turned out that the service, sales, and rental of goods (including the luxury segment) sectors are developing slower in this area. Just a few luxury goods vendors accept cryptocurrencies as a payment method. This imposes certain limitations on a wealthy crypto community.


Basic Information

Token
LXC
Price
1 LXC = 0.0004 ETH
Platform
Ethereum
Accepting
ETH, BTC, DASH, LTC, Fiat
Minimum investment
0.1 ETH
Soft cap
3,000 ETH
Hard cap
27,500 ETH
Country
Russia
Whitelist/KYC
KYC & Whitelist

Website                          Click Here For Visit Their Website Official
Whitepaper                    Click Here To Read Their Whitepaper
Ann Thread                    Click Here To Get Information Update
Telegram                        Click Here To Join Telegram Official

The popularity of cryptocurrencies is growing around the world, as is the interest in them. We can see a growing number of affluent people who have exploited changes in the rates of cryptocurrencies (trading and investment), ICO (initial coin offering), mining (production of cryptocurrency) to earn a fortune. The owners of cryptocurrencies who entered the market at an early stage of its formation have significantly improved their standard of living by realizing that the one who is the first to master new technologies and begin to actively use the cryptocurrency will benefit from it.

A new class of wealthy people has formed the so-called crypto elite. These are people who desire a luxurious lifestyle and keep most of their fortune in cryptocurrency. But it turned out that the service, sales, and rental of goods (including the luxury segment) sectors are developing slower in this area. Just a few luxury goods vendors accept cryptocurrencies as a payment method. This imposes certain limitations on a wealthy crypto community.

The ALLUXE company aims to remove the barrier between the crypto elite and suppliers of luxury goods and services. Users of the platform will be able to make universal payments in any convenient currency: whether it is euro, dollars or a cryptocurrency.

The main problem in the market is the misunderstanding and mistrust of the world of cryptocurrency and Blockchain technology among representatives of the conservative luxury segment. In part, this is justified and explained by the high risks associated primarily with the conversion (withdrawal) of cryptocurrencies into fiat (real) money. After all, an intermediary is needed to withdraw a cryptocurrency in euros or dollars. Often, nothing is known about the intermediary, and the money is withdrawn precariously. This helps fraudsters thrive, especially in case of withdrawal of large amounts.

In addition, when converting a cryptocurrency into fiat money, the owner of the cryptocurrency faces significant costs:
  • Paying a transaction fee
  • Paying a fee to withdraw a currency in fiat money
  • Transferring money to a certain country
  • Overhead costs in the form of taxes and fees when paying in a traditional currency.
By providing the opportunity to purchase or rent property, pay for recreation and any other luxury segment goods with cryptocurrencies, the ALLUXE platform acts as a reliable guarantor for various transactions in cryptocurrencies, reducing the risks of fraud, as well as the aforementioned costs.
Another current problem of the industry is the fragmented information about the premium-class property. 

So, to plan their vacation, wealthy people have to install several applications, search for the car, yacht, hotel/apartment rental offers, etc on various websites. All this complicates the process and increases the time needed to prepare for a travel or business trip, which is unacceptable in the premium segment. Consumers of luxury goods are not prepared to wait and spend a lot of time and energy in making a choice.

ALLUXE helps to bring together all available premium offers in a single service, eliminating the need to contact several different services/companies and replacing the functionality of multiple applications. When developing the ALLUXE platform, we used the one-stop shop principle. Thus, in one application the customer can book accommodation, choose a car/plane/yacht for rent, order a car with chauffeur, purchase a luxury item, etc.

Another problem is related to the fact that the owners of cryptocurrencies seek more privacy than ordinary users. Suppliers of luxury goods and services, however, try to get as much information about their customers as possible in order to form a customer base, analyze preferences and create personalized offers. This also causes certain difficulties for the interaction of parties.

All existing (shopping, search) services collect personal information about their users and use this data, in the best case scenario, for targeted advertising. Often this information is resold to third parties, which of course gives wealthy clients a negative impression of the services used. Because in reality, the luxury segment is a fairly closed community. Many of its participants do not accept personal information being passed on to third parties and try to avoid showing their actual incomes and expenses.

Launching our product in the market will make it easier to find and interact with sellers and buyers of luxury goods, while simultaneously fulfilling the customer's desire to remain incognito. ALLUXE guarantees confidentiality to its users, which is ensured not only by using cryptocurrencies in settlements, but also by modern technologies for encryption, decentralization, blockchain, and smart contracts.

Categories of luxury purchase and rent offers

  1. Yachts
  2. Private jets
  3. Luxury real estate and hotels
  4. Sports and premium cars
  5. Helicopters
  6. Luxury watches
  7. Jewelry
  8. Small-batch motorcycles of premium brands

Technological features of Alluxe

One of the main features of Alluxe.io is the use of the Blockchain technology that made it possible to make the platform transparent, open and safe for all participants of the transaction, to reduce transaction costs, business costs and simplify the process of buying and renting.

Smart contracts contribute to the full automation of bureaucratic procedures, while decentralization changes the logic of the transaction process and sets new standards for the benefit of all users of the system: lessors, lessees, sellers and third parties.

Advantages of Alluxe

  • A simple and intuitive interface that ensures convenient interaction with the platform
  • Using the technology of blockchain and smart contracts guarantees the invariability and fulfillment of the terms of each contract
  • Universal international payments and settlements using a cryptocurrency. No financial boundaries and bank fees
  • Confidentiality of user information and privacy of data
  • No geographical boundaries. Buy goods, rent property and pay for services anywhere in the world!
  • Verification and ranking of partners in the rating system
  • A wide and diverse range of offers
  • Cashback, as well as additional bonuses and awards provided for by the loyalty program
  • High level of service and quality of service
  • Market prices. Alluxe offers products and services at the official prices of partners
  • Security and high speed of transactions
  • Decentralized infrastructure to protect against fraud and for unbiased resolution of disputes

Details on the supply of our own token LuxeCoin and TokenSale

What is the LuxeCoin token

LuxeCoin Token is the Alluxe.io own cryptocurrency designed to simplify the standard approach to renting and buying luxury properties, as well as to increase the security of transactions. Use LuxeCoin along with other major cryptocurrencies to pay for goods and services.

The purpose of selling the LXC token

The goal of TokenSale LXC is to develop the ALLUXE company and to commission it as soon as possible. Revenues from TokenSale LXC is going to be used to scale up the platform, develop its applications and services, compensate for operating expenses and globalize business in certain target markets.

Standard

The LXC token will be supplied on the leading blockchain platform, Ethereum, and fully comply with the ERC20 standard. Compliance with this standard guarantees compatibility of LXC with third-party services ensures ease of integration and that it is not limited by the platform ecosystem.
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