What is Check-in node? | How to make money in the virtual universe LuxWorld

September 7, 2022 - Around 4 mins mins to read

What is the Check-in node?

With Check-in Node Owners, LuxWorld allows anyone in need to purchase check-in nodes NFTs. The more Travellers visit and check-in at your location, the more tokens and gifts Owners can earn. By investing in the right deal, Check-in Node Owners can profit greatly.

Outstanding Features

Check-in Node Attributes

Popularity (LGO earning): Check-in Nodes that have much more popularity will result in better LGO earnings tokens.
Magic (Magic Box): Check-in node owners will have much more opportunities to receive a magic box for the higher Magic attribute.
Coverage (Reference Sensibility): The higher the coverage, the wider the check-in area and the higher the check-in cap.
Resilience (Energy): The Check-in Node has been degraded over time, resulting in a decrease in the Energy after each checking-in of Traveler… A higher Resilience point will result in a slower Energy reduction.

Check-in Node Owners have to wait to recover it for a particular time or burn LGO to speed up the waiting time.
The Energy directly affects to LGO earnings of both Node Owner and Traveler. To ensure the earnings, users should recover the Energy at the critical milestones:
- At …0/100 Energy, LGO earning drops to …%
- At …0/100 Energy, LGO earning drops to …%

To increase Attribute points, Node Owners can:

Level up
Insert White Diamond

Users will be able to burn LGO or BNB/LUX to reset the Check-in Node’s Attribute points. The more frequent the reset, the more expensive it will be, with the cost capping at a certain level (Under Development)

Check-in Node Quality

There is four quality of check-in Node:

Check-in Node Level

Users can level up to 1-20 their check-in nodes by burning LGO and waiting time (hours). Each level-up takes a fixed time to complete, which increases along with the amount of LGO required according to the Check-in node level. This process can be sped up by using even more LGO.

Upon level-up, owners will attain 5 to 20 additional points to distribute to their Check-in Node’s Attribute.

At the max level, users need to choose between earning LGO or LUX/BNB. Switching between LGO or LUX/BNB earning is allowed but will be subject to a “cooldown” for 24 hours.

Check-in Nodes Customization

After buying NFT, Node owners have one chance to set up the Node information for free.

Users can burn LGO to edit/change their Check-in Node information. It will take at least 24 hours to review the customization request. The cost and waiting time for customization will increase gradually for the next customization.

Approval Status will be updated regularly until completed:

Active (Approved)
Pending for Review
Rejected

Earning

Owners will receive reward token LGO depends on:

The number of Travelers Checking-in;
Check-in Node’s Attributes (higher Popularity attribute point will help earn more; higher Resilience attribute results in a slower Energy reduction which affects earning…);
The energy of the Check-in Node;
The Level and Quality of Travelers’ Luggage will also affect Node Owner’s earnings: Higher level or rarer quality leads to higher earnings.;
Bonus from Photo/Review from Travelers (coming soon).

Check-in cap: Start with 30 check-in/day/node.

Estimated base return: ~2 LGO/Check-in

Verdict

Users are equipped with NFT Luggage/Check-in Node to earn tokens by traveling/owning the destination. Make a lot of sense when you become a traveler – who falls in love with tourism and entertainment and earns money on their hobby. The article provides information about check-in node to help users gain more information and experience.

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Issac

Coincu Ventures

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