If You Miss LUKSO(LYXe), You Will Miss A Chance To Enjoy The Early Benefits Of “Next Ethereum”

Image Source: https://www.kucoin.com/news/introducing-lukso-token-sale

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. 

Who create LUKSO?

Fabian Vogelsteller, the Godfather of Ethereum ICOs, is 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 he proposed the ERC20 token standard, which initiated the world ICO wave and redefined investment and crowd ownership as we know it.

Marjorie Hernandez , LUKSO co-founder product director, wife of Fabian, is a multi-faceted innovation and product expert, equal parts entrepreneur and designer. The Caracas-born architect, strategist and innovation consultant, built and led the EY’s Innovation Lab in Berlin, before founding LUKSO. 

Why buy LUKSO (LYXe)? 

1. Ecosystem Building in Business 

LUKSO project is one of the most successful applications in the fields of anti-counterfeiting and traceability of luxury goods. There are many partners in the fashion industry announced on LUKSO official website, including Nike、Channel、Burberry、Highsnobiety、Helsinki Fashion Week、Instagram and so on. 

LUKSO will join more application ecosystems, which is likely to become the third most successful network in the business ecosystem after the BTC and ETH networks.

2、Reversible ICO (rICO) created by Fabian

What is rICO?

In simplest terms: In a Reversible ICO buyers reserve tokens and then buy those reserved tokens over a period of time (e.g. 8 months) automatically. During this time buyers have the option to return still reserved tokens at any time and receive their associated ETH back.

What problem does rICO solve?

There are some ICO scam projects which promised a project outcome and disappeared with the collected funds after the ICO. The rICO model addresses the problems of ICO by holding founding teams accountable to deliver on their promise, by committing money rather than transferring it directly to the project. It is worth mentioning that the LUKSO project wrote this rule into their smart contract, thereby achieving automatic and decentralized, maintaining the fairness of rICO. 

What is the advantage of rICO？

rICO improves the power balance between coin buyers and projects by flowing funds slowly to the project and allowing coin buyers to withdraw their funds at any point in time. This power is what makes a RICO so trustworthy and will likely usher in a new era of fairer ICOs.

3. The rules of token allocation guarantee the price of LUKSO（LYXe）

Token Allocation / Proportion / Token release schedule

sale in KuCoin spotlight / 1% / 2020.05.20

rICO / 20% / 2020.05.27

private sale / 10% / 2020.11.20

Founders & collaborator / 5% / 2021.05.20

Foundation Fund / 5% / 2021.11.20

Community DAO / 5% / 2022.05.20

Grant Program / 5% / 2020.11.20

Ecosystem Building / 40% / 2023.05.20

Reserve Pool / 9% / -

a. Small circulation

The rules of token allocation are different from that of other projects, the sale amount only accounts for 1% of the issuance. Without any initial circulation of its token on the market，participants don’t need to worry that the price of the tokens(LYXe) will be smashed by some early speculators using the token of lower price.Therefore, the token price of LYXe that you can from KuCoin’s Spotlight or trade market is likely to be the best price than from rICO.

b. Small amount of team reserves tokens

The amount of team reserve tokens is only 10% of the total, remaining tokens will be sold to early investors or invested in the ecological construction. Compared with teams whose projects have reserved a lot of tokens, such as ICO, the founding team of LUKSO has almost no possibility and conditions for the evil in the market in the future which could keep investors away from risk of holding or trading.

c. First come, first served

9% of the tokens enter the reserve pool, and the smart contract of LUKSO net will allow investors to take their money back. The rules can demonstrate the confidence of the founding team in the project. The more more participates join in this program, the price will rise.  In the near future，rICO will surely become one of the most successful commercial financing models after the ICO. If you can buy LUKSO (LYXe) in the market early, maybe you will enjoy the early benefits in LUKSO.

4.Low market value, high potential for appreciation

So far, the unit price of LUKSO（LYXe）is 1 LYX=0.22USDT, the total market value is 22 million.As a new project which already has a canary network, the market value of LUKSO is underestimated.It has a high potential for appreciation.

Where to buy LUKSO?

LUKSO(LYXe) will be firstly sold at KuCoin’s Spotlight on May 20th.

Going to buy LUKSO(LYXe) :

Sign up on KuCoin Official Website:

https://www.kucoin.com/ucenter/signup?utm_source=Mo6Le8