The Luxury Coin (TLB) is a distinctive cryptocurrency utility token designed to support an exclusive luxury membership. TLB is a type of cryptocurrency that holds value within The Luxury Network, a platform that provides users with access to special events, unique experiences, and participation in auctions. The Luxury Coin strives to simplify the use of cryptocurrency in everyday transactions, akin to using a credit card. The TLB token is intended to be used on point-of-sale devices distributed to luxury retailers, enabling them to accept payments in TLB.

The Luxury Coin operates within The Luxury Network, where it serves as a utility token. Users can use TLB to gain access to exclusive events and participate in auctions. The Luxury Coin also aims to distribute point-of-sale devices to luxury retailers, enabling them to accept TLB as a form of payment. The company is also developing The Luxury Card, which will work in conjunction with a mobile app and wallet, allowing payments and deposits by card that are pulled from the mobile wallet.

The Luxury Coin seeks to provide a seamless experience for users to engage in luxury experiences and services. It can be used to gain access to unique experiences within The Luxury Network. Moreover, TLB aims to be used as a payment method in luxury retail stores, with the goal of making cryptocurrency transactions as easy as using a credit card. The Luxury Coin also aims to be used to utilize the services provided by The Luxury Bank.

The Luxury Coin was conceived by a team of technologists and entrepreneurs led by Catalin Dascalu, who has a history of founding successful luxury companies. The Luxury Coin project was initiated with the vision of making everyday adoption of cryptocurrencies a reality. The project's technology is designed to support this vision, with the team having aimed to deliver the first 100 point-of-sale devices in 2021. The Luxury Coin is part of a larger ecosystem, The Luxury Bank, which integrates AI and blockchain technologies to provide avant-garde services.