Stability

Attacks: No attacks or potential attacks have been made public. (June, 2019)

Algorithm: Utilizing the CryptoNight (Classic) algorithm and has been time tested and is stable. (June, 2019)

Marketplace Redundancy: Listed on multiple small and medium exchanges, including CREX24. (June, 2019)

Development

Communication: Spoke with their lead developer, Ariel Salas, via Discord (March, 2019). At this time, I feel that they are slow to act on current projects and are lethargic in their developments when compared to other cryptocurrencies. (June, 2019)

Community: There is a small-sized development community, where development is found to be stagnant and misdirected. (June, 2019)

Deadline Completion

Timeline: The timeline found on their official website is missing any completions in 2019. (June, 2019)

Marketing

Communication: Attempted to speak with their ‘Chief Marketing Officer’, Andrés Fuica, via BitcoinTalk. However, there was no response and it was found that he is very hard to get in touch with. (February, 2019)

Social Media: Social media is continuously updated. (June, 2019)

Website: Their website is completely custom and has a sleek appeal. However, parts of it are inaccessible for ‘maintenance’ such as their wiki. (April, 2019)

Adoption

Methodology: No current adoption methods are being utilized. (June, 2019)

Graphical User Interface

Explorer: Luka Explorer is currently down. (May, 2019)

Wallet: The official LUKA Wallet works excellent, functionality is nominal. (March, 2019)

Market Supply

Premine: N/A

Current Market Supply: 2,782,888 LUK

Maximum Market Supply: 100,000,000 LUK

Additional Note #1: I would highly advise to stay away from this cryptocurrency until they figure out their purpose, which I feel will continuously be changing for years to come. (June, 2019)

Additional Note #2: The current Luka project is developing some game which contributes nothing to the cryptocurrency community. However, they find great value in it which shows lack of direction into making a difference to the digital era of cryptocurrency. (June, 2019)

Bottom Line: Sell

Base Framework: N/A

Price on Publication: 0.00001106 BTC / $0.09 USD
(June, 2019)

Algorithm: Cryptonight

Disclaimer: Each cryptocurrency is reviewed on the first of each month. No published reassessment will be made if the reviewed trajectory remains the same.

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed

Menu