Fabian Vogelsteller, a developer and thought leader on blockchain technology, officially started working at the Ethereum Foundation in 2015, he has built many Ethereum user and developer-facing projects including the Ethereum Mist browser, the Ethereum Wallet and web3.js — the Ethereum’s space most used JavaScript library.
Together with Vitalik Buterin, in 2015 Fabian proposed the ERC20 token standard, which initiated the world ICO wave and redefined investment and crowd ownership as we know it.
What is LUKSO?
LUKSO, the blockchain for new digital lifestyle, is created by Fabian Vogelsteller. It is a multiverse blockchain network where the worlds of fashion, gaming, design, and social media intersect. LUKSO delivers a set of core tools and standards to make the blockchain easy to use and build. The LUKSO ecosystem is targeting a new wave of blockchain applications and encourages developers to create a future of decentralized communities, brands and a new digital world.
LUKSO has built an exceptional advisory board from top executives to leaders in the blockchain and lifestyle space. LUKSO is working closely with brands to develop smart contracts standards and applications to revolutionize the fashion and lifestyle industries. Over the last year, LUKSO has built a test network called “L14”, internal MVPs and public experiments to test these new use cases.
Today Fabian is leading the concept, design, and development of the LUKSO Blockchain.
“Everybody is talking about bringing Blockchain to the masses, but nobody is building use cases for them. The LUKSO blockchain will be the space to create synergies and standards that will power the future mainstream blockchain applications.”
The specific idea developed from an exchange that Fabian’s wife and co-founder Marjorie Hernandez de Vogelsteller in 2017. In Marjorie’s work during the last few years, where she developed several blockchain use cases, she realized that here lies a great potential for the design and fashion industry. So the idea of using blockchain-technology in the fashion-industry has arised. The focus of LUKSO is on facilitating blockchain use-cases, particularly in areas like digital lifestyle. For example, a specific chip is used to verify the authenticity and origin of products by assigning them a unique ID based on blockchain technology. LUKSO will run digital applications focused on fashion, art, music and other creative fields. It’s also for more female-friendly blockchain.
LUKSO benefits from every development in Ethereum and the ecosystem, and Fabian hopes one day, things built on LUKSO and standards formed here will benefit the larger Ethereum ecosystem as well.
How is the idea of “rICO — — reversible ICO” created?
LUKSO isn’t just going after a new market in blockchain, it also wants to transform the traditional coin funding process of ICO. Fabian created the original Ethereum process in November 2015, which brought an explosion of ICO in popularity starting in 2016 — as well as giving fraudsters, thieves and scam artists a way to make off with billions of dollars.
While offering fledgling companies around the world a new way to raise money, many ICOs proved to be scams, or never produced real products. The U.S Security and Exchange Commission has shut down or fined dozens of the startups issuing tokens without registering them as securities. Fabian and his wife Marjorie want to change that.
Their idea is called a reversible ICO, or rICO. A standard ICO takes money from investors all at once, with the promise of a product to be delivered in the future. A rICO, on the other hand, will have a participation window of something like eight months over which investor cash will be turned into Lukso tokens in regular intervals. If investors don’t like the way the project is developing in month four, they can get the balance of their investment back and are free to sell their tokens to someone else.
The Lukso token is called LYX/LYXe and should go on sale in the rICO later this year, with the blockchain to become active in the fall. The rICO process will afford more safety to investors.
Before LUKSO’s rICO process, it now has its LYXe token sale activity with KuCoin Exchange‘s Spotlight program. The registration is now open and the token sale will take place on May 20th.
Why KuCoin? What is KuCoin Exchange?
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges. It places an emphasis on the quality of the projects listed based on a research department that scours the blockchain industry for quality projects. KuCoin provides an exchange service for users to conduct digital asset transactions securely and efficiently. In November 2018, KuCoin partnered with IDG Capital and Matrix Partners.
KuCoin is dedicated to providing long-lasting, increased value to its more than five million registered users, in over 200 countries. And now, 1 out of 4 crypto holders worldwide is with KuCoin.
Why did LUKSO choose KuCoin to launch its token sale program?
The LUKSO team has been very selective. They met with many exchanges and have been in contact with the KuCoin team for several months now. It turned out that KuCoin’s values resonate with LUKSO. The main reason is that the globalization process of KuCoin is very successful and KuCoin has grown into one of the most popular crypto exchanges. It is renowned with an excellent international layout.
Wanna know more about the LUKSO’s token sale Spotlight program at KuCoin? Join in our discussion group on Telegram now:https://t.me/LUKSOKuCoin (LUKSO x KuCoin Spotlight Discussion Group)
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