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Friday, April 19, 2024

LUKSO Ico Review – Blockchain infrastructure

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About LUKSO Ico

LUKSO is a Blockchain infrastructure, providing a series of standards and solutions for physical and digital consumer goods, in order to foster transparency, circularity and new forms of responsible production and consumption. LUKSO is the next project by the creator of ERC-20 and ERC-725, a network dedicated to moving Blockchain beyond DeFi.

LUKSO is a Blockchain network dedicated to existing and coming digital lifestyle use cases. It is running a delegated Proof of Stake (dPoS) consensus algorithm with an Ethereum Virtual Machine (EVM). The main network is planned to launch in spring 2021. LUKSO is planned to use HoneyBadger Byzantine Fault Tolerant (HBBFT) consensus algorithm with a delegated Proof of Stake consensus running in smart contracts (PosDAO).

Company NameLUKSO
Token TypeUtility token
Token Sale Hard CapTBD
Token Sale Soft CapTBD
Token SymbolLYXe
Initial Token PriceCurrent price: 0.67$
Social SupportNo

What Is LYX

LYX is the native cryptocurrency of the LUKSO Blockchain, and is required to secure this decentralized infrastructure. It is used to pay for transaction fees and need to be locked (staking) to participate in the block production. Returnable LYXe will appear as balance on your account, but are locked. They will become movable gradually as they are bought.

“LYXe” is LYX on the Ethereum Blockchain, and is the token that the Reversible ICO returns. Once the network starts there will be a migration of LYXe to LYX on the LUKSO Blockchain. Both LYXe and LYX represent the same asset but on different Blockchain networks. Movable LYXe can not be returned. They are fully yours!

LUKSO Distribution

The LUKSO Blockchain will create 100,000,000 LYX in the genesis block at the main-network start.

LYX are sold in diverse private and public sales to foster the ecosystem’s growth and decentralization over an extended period.

All LYXe sold during the Reversible ICO and previous IEO, will be migrated to LYX once the network starts.

At the network launch ~48% of all LYX will be in circulation.

The Foundations

LUKSO will introduce standards and tools that will enable a new economy based on Cultural Currencies, Digital Certificates and Universal Public Profiles. Welcome to the public sale of LYXe! To participate make sure you have an ERC-20 compatible wallet and some ETH

Universal Public Profiles

Blockchain-based user and company profiles enable permanent identifiers in the digital world. They allow for universal login’s that make remembering username and password a thing of the past, while giving you full control of all your virtual assets. Universal profiles make economic and verifiable interactions possible and are the core building block for the new creative economies.

Digital Certificates

By establishing a digital identity for physical and digital products, we enable new forms of digital ownership. LUKSO introduces an additional digital layer to the ownership of creative goods that make unique characteristics permanently visible. Each product can be linked to a corresponding record of data, bridging the physical and the virtual world and their communities.

Cultural Currencies

Tokens are a new form of interest, status, participation, and value on a global scale. They are cultural currencies and attach measurable and transferable value to all socio-creative activity. Digital tokens can act as the connective medium for lifestyle communities, which makes them valuable, participative, and inclusive.

Decentralized Applications

LUKSO is a multiverse blockchain network where the worlds of fashion, gaming, lifestyle and social media intersect. LUSKO focuses on bringing Blockchain to the masses, through its smart contract based blockchain, industry-involving standards processes and an innovative new direction of decentralized applications. LUKSO with a first and foremost digital fashion focus.

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Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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