LUXEYA
  • Introduction
    • Market Potential
    • What We Build
  • ♻️Luxeya Ecosystem
    • Core Innovations
    • LUXEYA PWA & Blockchain
    • Virality Features
  • 🎮Game Mechanics
    • User Journey
    • PvP Battles & Trades
    • Sweepstakes
    • Tap-To-Enter (AMOE)
  • 💵Native Token ($LUXA)
    • Utility
    • Sustainability & Tokenomics
    • TOKENOMICS
  • 🏎️Marketplace & RWA NFT
    • How To Claim
    • How It Works
  • 📈Roadmap
  • ⭕Governance & DAO
  • Glossary
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Glossary

PreviousGovernance & DAO

Last updated 1 month ago

RWA (Real-World Asset) Tokenization: The process of creating a digital token on the blockchain to represent physical assets such as real estate, luxury goods, or commodities.

NFT (Non-Fungible Token): A unique digital asset on the blockchain with individual characteristics—often used for art, collectibles, or in-game items. No two NFTs are identical.

Smart Contract: Self-executing code deployed on a blockchain that automatically enforces agreements once predefined conditions are met.

On-Chain: Any activity or data that is recorded directly onto a blockchain ledger, making it verifiable and permanent.

Fiat On-Ramp: A service allowing users to exchange traditional currencies (e.g., USD, EUR) into cryptocurrencies.

DAO (Decentralized Autonomous Organization): A community-led entity with decisions made via smart contracts and voting mechanisms, rather than centralized leadership.

Governance NFT: A special type of NFT granting holders voting power or decision-making rights within a DAO or project ecosystem.

Oracles: Services or tools that feed external real-world data (e.g., sports scores, weather) into a blockchain smart contract.

VRF (Verifiable Random Function): A cryptographic function generating provably random outputs that users can verify, commonly used in blockchain lotteries.

A randomness mechanism used in LUXEYA where winning numbers—such as sweepstakes results—are derived from pre anounced publicly verifiable real-world data sources.

Fractional Ownership: Splitting ownership of a high-value asset into smaller tokenized shares, allowing multiple users to invest or hold partial stakes.

Liquidity: The ease with which an asset can be bought or sold in a marketplace without significantly affecting its price.

Progressive Web App (PWA): A web application that can be installed on a mobile device or desktop, offering an app-like experience without requiring app store downloads.