ALLUXE - Global blockchain-based platform for buying and renting luxe property around the world

yusufjay (25)in #ico • 6 years ago

[INTRODUCTION]

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.

A major problem in the market is mistrust and misunderstanding in the crypto world. This is especially so in the luxury segment. This mistrust is mainly driven by the high risk that is associated with the conversion of crypto into fiat. This is because an intermediary is required for the withdrawal of crypto into fiat. In most cases, little is known about the intermediary.

Therefore, ALLUXE is present to solve that problem!

[About] ALLUXE

What is ALLUXE? ALLUXE is a blockchain-based luxury platform intended for the convenient and transparent interaction with 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 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

ALLUXE 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.

TECHNOLOGICAL FEATURES OF ALLUXE

One of the main features of ALLUXE 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.

INDUSTRY PROBLEMS AND ALLUXE WAYS TO SOLVE THEM

Misunderstanding and mistrust:
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.

Fragmented information:
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.

Transferring personal information to third parties:
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 about 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.

Brand Devaluation:
At the same time, there is a problem of additional sales stimulation on the part of property owners. The luxury segment does not use public advertising of discounts and bonuses, as this may lead to brand devaluation.

To solve this problem, our company provides for the smart mailing that considers different interests, to encourage customers to purchase a specific product/service. This solution will be based on the BigData/MachineLearning technology, which helps to identify interested customers and make a relevant proposal.

The combination of blockchain (independent and unchangeable data that cannot be falsified), cryptocurrencies (which do not require centralized management), and smart contracts provides a more secure and efficient way of carrying out transactions compared to the traditional method of contract execution (trade and market obligations).

The hype surrounding cryptocurrencies, Blockchain technology, and decentralized computing has not subsided. The global financial industry is on the verge of a revolution. The ALLUXE international digital service is our contribution to the development of crypto/blockchain technologies. We created a product aimed at supporting and developing the luxury goods market and designed to solve all the key problems of the industry.

VISION AND MISSION

The company goal is to create a global blockchain-based platform, which will allow customers to use only one service for buying, selling and renting various premium products in the selected region of the world, ensuring maximum security of transactions and confidentiality of data.

The main objective of the company is to create a convenient platform (Luxury Market Place) capable of uniting a large number of partners with a wide variety of luxury goods, and potential customers interested in purchasing/renting such goods.

After creating a critical mass of partners (service providers and goods suppliers), we will be able to provide the widest possible range of goods to attract new users, which in turn will significantly expand the customer base of the system.

The company mission is to provide fast, convenient, simple, private and safe access to luxury goods while making the cryptocurrency more accessible, and to support the development of new technologies in the financial industry.

" The implementation of the ALLUXE company will allow the crypto loyal community to experience all the advantages of using a decentralized system, an open and transparent process of search and booking/registration of offers, confidentiality of personal data, universal payments, fraud protection, current database of trusted lessors and sellers around the world, and also a lot of nice details. "

ALLUXE PLATFORM

ALLUXE | Luxury Platform is a global platform built on the basis of the Blockchain technology and designed for buying and renting luxury properties around the world. The service provides an open and transparent application filing process, data confidentiality, universal payment, fraud protection. The platform concentrates the current base of trusted lessors and sellers around the world. At the time of making this document, the application had more than 10,000 users.

Advantages of the ALLUXE Platform:
The platform developed by us helps to rent/lease or buy/sell luxe category goods and services for traditional currencies and cryptocurrencies, while providing the following advantages.

For users:

Making payments in any chosen currency (cryptocurrency or fiat money) due to automatic conversion. The product
implements technologies of encryption, intellectual contracts, and specially developed payment gateways
Access to premium segment products and services with full confidentiality
Reduced costs for cryptocurrency withdrawal into fiat money by reducing the cost of paying fees for the withdrawal of a currency, conducting transactions, etc.

For partners (owners/sellers of premium property):

Access to a wealthy crypto community
Opportunity to find customers without violating the limits of confidentiality
Possibility to choose the currency in which the payment will be received
Reduced costs for cryptocurrency withdrawal into fiat money by reducing the cost of paying fees for the withdrawal of a currency, conducting transactions, etc.

In addition, the platform is distinguished by:

A simple and intuitive interface that ensures convenient interaction with the platform
Using the blockchain and smart contract technologies, which guarantee 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
Market prices. ALLUXE offers products and services at official prices of partners
Security and high speed of transactions
Decentralized infrastructure to protect against fraud and for unbiased resolution of disputes
High level of service
Cashback, as well as additional bonuses and awards provided for by the loyalty program

When building the platform structure, we were guided by the following principles:

Users independently control and choose which personal data they want to make open
We do not track the personal data of our users without their consent and do not transfer data to third parties.

Categories of luxury purchase and rent offer;

In the future, we plan to expand the range of product groups. As the company scales up and the number of partners and customers increases, the following categories will be added:

Travel
Private clubs
Events

Each of the sections includes the subsections Rent and Sale.

Besides adding new sections, the geography of presence in the target countries will be significantly expanded in the process of platform development.

In addition to providing information on renting and selling premium products, ALLUXE allows you to organize unique luxury events, Share Luxury Tours. It can be a private party on a yacht, a private presentation of a new car, etc. Such joint activities with members of the club and partners of the platform are aimed to expand the range of contacts of successful people, increase the status of participants in the event.

For the convenience of platform application, the following filters will be introduced:

Buy / rent
Select from the available categories
Geographic filters
Price filters
Size filters (for example, yachts)
Capacity filters (jets, yacht, car)

Each category is filled with its own set of filters to simplify the search.

Monetization Model

Referral fee: The platform charges a fee from successfully made transactions
Advertising: Integrated advertising with partners, individual VIP placement
Transactions and conversions: When making settlements within the platform, fees are charged for international transactions and currency conversion
VIP membership in a private club: VIP status gives high privileges within the platform and its activities (events, collective world tours with club members and partners, 24/7 concierge service, access to unique special offers, etc.). The number of VIP membership slots is limited.

LUXECOIN TOKENS AND TOKENSALE DETAILS

LuxeCoin Token (LXC) is the own cryptocurrency of the ALLUXE platform, designed to simplify the standard approach to renting and buying luxury properties and enhancing transaction security. LuxeCoin will be supplied on the basis of the Ethereum platform and fully comply with the ERC20 standard. The support of this standard guarantees the compatibility of the token with third-party services, and also ensures ease of integration and is not limited only to the platform ecosystem.

The goal of Token Sale LXC is to develop the ALLUXE platform and its complete commissioning as quickly as possible. The revenue from the sale of LXC tokens will be used to create the platform and its applications, for operating expenses and business deployment globally in certain target markets (priority markets include the USA, Europe, the UAE, Asia, etc.).

The LXC token will act as an alternative currency in the system, the rate of which will be somewhat more profitable than any fiat currency or cryptocurrency. For using the token to pay in the service, additional bonuses will be accrued.

Offering parameters;

Token: LuxeCoin (LXC)
Total supply: 220,000,000 LXC
Total for sale: 50% of the total token supply or 110,000,000 LXC

Adjustable: all unsold tokens will be destroyed by a smart contract

The fixed cost of 1 token: 0.0004 ETH
Exchange: 1 ЕТН = 2,500 LXC
Hard cap: 27,500 ETH or $16,500,000
Soft cap: 3,000 ETH or $1,800,000
The currencies accepted: Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC), Dash, Fiat ($,€)

Stages of the token offering;

Private Sale: 2,200,000 LXC (1%). Bonus up to +40%
Pre Sale: 19,800,000 LXC (9%). Bonus up to +25%
Token Sale: 88,000,000 LXC (40%). Bonus up to +15%

Private Sale parameters;

Private Sale dates: . . . – June 7, 2018
Volume to be sold during Private Sale: 2,200,000 LXC
Hardcap on Private Sale: 880 ETH
Bonuses: Up to 40%

Pre Sale parameters

Pre Sale dates: June 12 - July 26, 2018
Volume to be sold during Pre Sale: 19,800,000 LXC
Hardcap on Pre Sale: 7,920 ETH
Minimum Buying Transaction: 0.1 ETH
Maximum Buying Transaction: unlimited.
Bonuses: Up to 25%

Token Sale parameters

Token Sale dates: August 1 - September 1, 2018
Volume to be sold during Token Sale: 88,000,000 LXC
Hardcap on Token Sale: 18,700 ETH
Token Sale price: 1 ETH = 2,500 LXC or 1 LXC = 0,0004 ETH
Minimum Buying Transaction: 0.1 ETH
Maximum Buying Transaction: unlimited
Bonuses: Up to 15%

Bonus system for the period of sales:

Bonus for large buyers. The buyers who bought a large number of LXC tokens during the sale period will be eligible for an additional bonus (Private Sale). The size of the bonus is to be discussed individually with each prospective buyer when it reaches the volume of buying tokens from 1,000 ETH.

Advantages for token holders:

Ability to make internal and external settlements between the members of the ALLUXE platform
Better offers when paying with LXC tokens
Loyalty and Cashback Program for making transactions and purchases in LXC
Guarantees of security and convenience of transactions via the ALLUXE crypto wallet with the ability to convert a cryptocurrency into a fiat currency
Easy exchange of LXC for other cryptocurrencies (Bitcoin, Etherium, Litecoin, Dash, etc.) on numerous crypto exchanges.
Limited supply. All coins will be completely supplied on a one-time basis
The ever-growing demand for LXC motivated by mutual interest from both sellers and buyers

Token Distribution

Distribution of collected funds:
For ALLUXE, it is important that users understand how the funds from selling tokens will be spent. The pie charts below show how the proceeds from the sale of LXC tokens will be distributed after the completion of Token Sale.

ROADMAP

TEAM

PARTNER

During our work, ALLUXE has established long-term partnerships with leading companies in the luxe segment, which specialize in the rental of premium and sports cars, housing rental, yacht charters, technical industries and luxury goods trade. At the same time, we are continuing to expand our partner network and increase the number of offers to make ALLUXE an even more attractive product for our customers.