Luart (LUA)

Luart is the first NFT platform that brings a seamless, all-in-one experience to the Terra Ecosystem.

Whitepaper

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Interest lvl

Medium

Updated: Dec 28, 2021

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User Rating

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5/5 • 2 votes

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Ticker

LUA

Type

Utility-token

FoundedPoland

Registration year2021

What is Luart

Luart brings a unique incentivization model to the market which includes an in-platform scoring system, Play2earn, NFT Farming, and a native token which will allow users to earn rewards for being active participants on Luart and in the NFT community.

At the core of the platform’s gamification model is the LUA Power scoring system. LUA Power gives users a chance to compete for positions on our leaderboard to earn platform exclusive rewards like handpicked NFTs and access to special events.

To produce users’ LUA Power score, we will track their participation on the Luart platform. Activities that can count towards Lua Power include, but are not limited to: staking $LUART, minting NFTs from platform exclusive launches, trading NFTs, holding NFTs on our platform, and buying Luart Boxes.

The LUA token serves as the key value accrual metric for the Luart platform. Since the LUA power score centers around rewarding user activity and staking/holding LUA tokens, as the platform experiences increased user growth, LUA will capture that value.

In the future, Luart plans to become a full decentralized protocol and LUA will serve as it’s governance token as well.