Updated: July 19th, 2021
Wtf is a whitepaper? After doing a small amount of research (less than 15 seconds), it would seem that this is the part where I need to convince people of Deluxo's worth.
Name: Deluxo (ERC-20)
Total Supply: 4,700,000
The goal for Deluxo is to be treated as a fungible, collectible token. Basically, instead of it being a crypto-currency, the idea is for it to be a non-unique crypto-collectible (trademark pending (I’m joking, I’m too broke to own a trademark)).
Person 1 - “How much deluxo do you have?”
Person 2 - “About 2 DLUX, you?”
Person 1 - “Nice! I’ve collected 10 thanks to [insert generic name here].”
Idek, hopefully you get the idea.
I created Deluxo on July 31st, 2018 [*1] with the sole intent of being able to tell people “I made a cryptocurrency”. I liked the name so much that I was determined to make it a reality.
All I ever wanted was for Deluxo to be distributed to thousands or wallets and have some sort of value. Even if it was distributed to just one hundred wallets and had a value of 1/100th of a cent, that would be incredible.
There isn’t really much else to say. I gave some tokens to my non-crypto-savvy friends via the mobile Trust Wallet app in hopes that they would distribute them to other people (brilliant idea). That is why there is only 4,678,900 remaining on the deployer wallet. I can guarantee you that those 21,100 tokens I gave to friends are gone forever (burned? lol).
As you can see, I haven’t really done much with Deluxo in the last 3 years. You could say I’m the ultimate Deluxo HODLer. I would like to change that. My original plan for Deluxo was to manually distribute it to thousands of people via Twitter (brilliant idea #2). That obviously never happened. So that is why I’m making this whitepaper. My NEW distribution plan(s)!
Distribution Plan A
My thought process was to recreate a sort of IPO (presale) for Deluxo via a service like dxsale.app. This would only include 4,600,000 tokens that are still in the deployer wallet. I would like to keep 78,900 DLUX (~1.68%) for myself (because Deluxo is my baby, and I like rounded numbers), and you know where the other 21,100 tokens went…
The IPO would have a max cap of 2 ETH and a soft cap of 1 ETH. This would give Deluxo a max price of ~0.000766 USD (math: 2 x 1,800 / 4,600,000) per 1 DLUX token (given 1 ETH = 1,800 USD), if the sale is 100% successful.
The max someone can put into the IPO would be 0.1 ETH and the min would be 0.00005 ETH. This would hopefully prevent people from securing majorities of Deluxo.
[*2] If the max cap (2 ETH) is not met, but the soft cap (1 ETH) is, I will be loading a liquidity pool on Uniswap with the remaining Deluxo that did not sell in the presale. The remaining amount of Deluxo will be matched with 1 ETH, giving Deluxo an equal to or greater than value of the presale.
Distribution Plan B
If the IPO is an absolute bust (shocker), I’ll probably end up listing a liquidity pool matched with 1 ETH on Uniswap. This would match 4,600,000 DLUX to 1 ETH, giving Deluxo a price of ~0.000383 USD (math: 1,800 / 4,600,000) per 1 DLUX token (given 1 ETH = 1,800 USD).
The only downside to this plan is that someone could buy all the Deluxo for 1 ETH, and boom, Deluxo is off the market and gone forever.
[*1] Well, I actually made my first version of Deluxo on July 24th, 2018 (contract: 0x83e11a3b34d2330adf67a3b1032172a7bc408e17), which is the same date I registered deluxo.org. One week later, I published a new version of Deluxo to the Ethereum blockchain (contract: 0x42b05a12783a659eb53a7d90b2c70929af96ad71). The main differences from the two are that the first one had a fixed supply of 4,721,500 and 8 decimals, while the second (and current) has a fixed supply of 4,700,000 and 18 decimals. I like rounded numbers. The first version of Deluxo has since been sent to an old wallet address of mine that I no longer have access to (lost the private key haha).
[*2] I’m not even sure if that’s how presales work. Like, I’m thinking that if the soft cap is met, but the max isn’t, the deployer wallet will keep the remaining tokens... but... all of the tokens could just be evenly distributed to the people who helped meet the soft cap at the end of the presale... I’ll update this doc once I understand how all this shit works
DISCLOSURE: By purchasing Deluxo, you agree that you are not purchasing a security or investment contract and you agree to hold the team not liable for any losses or taxes you may incur. Deluxo is not a registered digital currency. Always make sure that you are in compliance with local laws and regulations before you make any purchase. Cryptocurrencies are not legal tender and are not investments.