LUXY Token is the backbone of their NFT marketplace. Token holders gain access to features such as early access to NFT drops, reduced market fees, and the option to participate in DeFi stakes rewards. The supply cap of LUXY Token is 100 million tokens. LUXY has a buyback and burn mechanism, which will cause 50% of the supply to be burned. This will eventually bring the total supply cap down to 50 million tokens.