LUCT white paper

Luc Token(LUCT):

The token introduced by Lucbit.com is LUC Token(LUCT), and the total amount of circulation is 100 million, and it is guaranteed that it will never be issued.
LUCT is a decentralized blockchain digital asset based on Ethereum Ethereum. It is
ERC20 standard token based on the Ethereum blockchain.

 

LUCT Issuance method:

The total amount of LUCT is 100 million, which is only generated by each order that has been purchased on LUCBIT.COM.

0~15000000 LUCT	The order is paid in the usual way (credit card, PAYPAL, TT, agent payment, etc.), generating a 10% LUCT of the total order amount. The order is paid in digital currency (BITCOIN ETH LTC), which produces a 15% LUCT of the total order amount.
15000001~30000000 LUCT	The order is paid in the usual way (credit card, PAYPAL, TT, agent payment, etc.), generating a 7% LUCT of the total order amount. The order is paid in digital currency (BITCOIN ETH LTC), which produces a 10% LUCT of the total order amount.
30000001~40000000 LUCT	The order is paid in the usual way (credit card, PAYPAL, TT, agent payment, etc.), generating a 5% LUCT of the total order amount. The order is paid in digital currency (BITCOIN ETH LTC), which produces a 7% LUCT of the total order amount.
40000001~90000000 LUCT	The order is paid in the usual way (credit card, PAYPAL, TT, agent payment, etc.), generating a 3% LUCT of the total order amount. The order is paid in digital currency (BITCOIN ETH LTC), which produces a 5% LUCT of the total order amount.

 

 

LUCT Value & Repurchase Mechanism:

1. Deduct the order amount of the LUCBIT.COM platform.

Users participating in the transaction on the LUCBIT.COM platform, regardless of the goods or services traded, will discount the amount of the order they need to pay if they use LUCT to pay the total amount of the order.

In the first stage (0-15000000), each LUCT is constant at $0.15, up to 80% of the total order value.
In the second stage (15000001-90000000), each LUCT is not constant at $0.15. Each LUCT calculates the amount of discount based on the real-time price of the order paid. If the market minimum price is less than $0.15, the discount will be settled at $0.15 each LUCT. It can accumulate up to 80% of the total order amount.

2.Pass for LUC platform:

In the future, LUC's LUCBIT.COM will launch online trading of customers and customers freely, mining ads, testing machines and other functions. All activities of the future LUC platform can be used in LUCT.

3.Repurchase Mechanism:

We will use LUCBIT.COM's net profit of 15% for the repurchase of LUCT every quarter after LUCT is launched. The LUCT of the repurchase will be directly destroyed. The repurchase record will be announced for the first time.Users can query through the block chain viewer to ensure transparency and openness. The repurchase will continue until the LUCT releases to 60,000,000.