A lot of people express their interest in crypto world today. While novices are still considering the profitability of digital assets, those who successfully joined the market at an early stage of its development have already earned solid crypto assets. A new class of wealthy people has been formed, a so-called crypto elite. According to Alluxe, luxury segment is developing slower. Not so many suppliers of luxury services and goods accept cryptocurrency. The key idea of Allux is to allow its users to make payments in any currency they choose: euro, dollars or cryptocurrency.
https://alluxe.io/
Nowadays it is risky to convert cryptocurrencies into fiat money as third parties join the process. Quite often intermediaries are unreliable. Customers may suffer from frauds, especially when they withdraw large amounts of money. Moreover, withdrawal services fees are too high. Alluxe offers its users an opportunity to pay for premium goods and rental services with cryptocurrencies, decreasing the risk of fraud and reducing transaction fees. Alluxe guarantees safety of its users personal data, that satisfies the need of closed luxury community members to remain incognito.
Platform goals and objectives
According to Alluxe founders, the target aim of the project is to become a unified international blockchain powered platform, that will provide users with all necessary services and goods of luxury segment from all over the world. The key objective of the project is to create an easy-in-use platform, so-called Luxury Marketplace, that will bring together suppliers of luxury goods and target consumers.
The mission of Alluxe is to supply its users with safe and fast access to premium products and improve the financial matter of the platform. The Alluxe developers are convinced that luxury segment will grow and reach a new level of development thanks to blockchain technology. Smart contracts and cryptocurrencies will solve tasks, associated with personal data safety, cross-border money transfer and the pool of reliable suppliers from all over the world.
Levels of participation
According to technical information issued on the official web site of the project, there are two levels of platform participation for users:
1. Standard membership
In order to become a user of the platform, one should download the App, register in the system and pass the authorisation process. This is a standard access level, that allows users to use the majority of the offers and enjoy the loyalty programs. Users are rewarded with LUXECOINS (LXC) tokens for their activity on the platform, such as making transactions using LXC coins or paying for services, etc. User’s rating will grow for purchases or rents. Users with high ratings are rewarded with extra tokens and have an opportunity to access the most favourable offers.
https://alluxe.io/
2. VIP membership
Users will have to pay in order to get access to VIP membership of the platform. Only a limited number of users will be allowed to join the VIP community. Among the benefits of the VIP membership, the following should be mentioned: participation in exclusive events, special offers from partners, 24/7 VIP service and others.
Token Sale Plan
In conclusion we should mention, that it is a niche project. The Alluxe team will have to do the best, in order to convince the crypto elite to join their system. Another thing to comment is that the purpose of tokens is not clear. According to whitepaper, tokens allow users to get some extra bonuses and it seems to be the only reason for using tokens. Moreover, customers will be able to pay for goods and services in any currency they like. Anyway, blockchain technology changes all spheres of modern society and luxury segment is not an exception. So, it would be nice, if the projects adopts the current market situation and succeeds to attract its target clients.
Links:
Website: https://alluxe.io/
WhitePaper: https://clck.ru/DtfGK
Telegram: https://t.me/ALLUXE
Facebook: https://www.facebook.com/alluxeapp
Twitter: https://twitter.com/ALLUXE_
Medium: https://medium.com/@alluxe.pr
ANN: https://bitcointalk.org/index.php?topic=3713371.new#new
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.