What is LUKSO (LYX) ?

LUKSO is a Layer-1 Ethereum Virtual Machine (EVM) compatible blockchain built for social, cultural, and creative economies. Its goal is to bridge blockchain technology with real-world creative industries (fashion, gaming, design, art, social media), allowing users to manage digital identities and assets easily. LYX is the network’s native cryptocurrency.

Table of Contents

Team and Founders

Fabian Vogelsteller (Founder): Former Ethereum core developer, author of ERC-20 and ERC-725, contributor to web3.js and Mist Browser.
Marjorie Hernandez (Founder): Expert in bridging technology and creative industries, particularly digital transformation in fashion and luxury.

Project Concept

LUKSO brings Web3 to the creative economy:

User-Centric Identity: Universal Profiles store all digital assets, reputation, and permissions in a single smart contract.
New Digital Asset Standards: LSPs provide upgradeable, dynamic, and programmable tokens beyond traditional NFTs.
Circular Economy: Transparent and responsible production and consumption for physical and digital goods.

How It Works

Universal Profiles (UPs – LSP-0): Smart contract accounts combining identity, tokens, NFTs, multi-sig security, and gasless transactions.
LUKSO Standards (LSPs):
- LSP7 – Digital Asset: Fungible token standard with dynamic metadata.
- LSP8 – ERC721-Like Digital Asset: Upgradeable NFTs with dynamic metadata.
Technology: Layer 1, EVM-compatible, Proof-of-Stake consensus.

Investors & Partnerships

LUKSO was funded via Reversible Initial Coin Offering (rICO). Key partners:

Liechtenstein Telecom (LTIN) – runs validators for MiCA-compliant European blockchain adoption.
Dappnode – node operation and decentralization.
Envio – blockchain data indexing.
API3 & DIA – oracle services.
Transak & Ramp – fiat-to-LYX on-ramp solutions.

Governance

PoS Validators: LYX stakers secure the network.
Future Governance: Community-led decentralized governance for protocol upgrades.

Roadmap

Phase 1 – rICO & Pioneer Network (2020).
Phase 2 – LUKSO Mainnet Launch.
Phase 3 – Transition from LYXe to LYX.
Current Focus – Universal Profiles adoption, developer tools, LSP standard industry adoption.

LYX Token Use Cases

Network Security (Staking)
Transaction Fees (Gas)
Governance
Digital Asset Creation (NFTs, LSPs)
Creative Economy Applications

Token Details

Total Supply: 42.11M LYX
Max Supply: Unspecified
Circulating Supply: 30.53M LYX

Token Distribution

Ecosystem Development: 40%
Public Sale 2nd Party: 10%
Public Sale 1st Party: 10%
Private Sale: 10%
Reserve Pool: 9%
Founders & Collaborators: 5%
Future Development: 5%
Community DAO: 5%
Grant Program: 5%

Ecosystem

Universal Profiles (UPs)
Creative dApps using UPs & LSPs
Developer Tools and SDKs

Features

Gasless Transactions – interact with dApps without LYX.
Unified Ownership – manage identity and assets across platforms.
Smart Profiles – secure assets against technical failures and attacks.
Social Interaction – strengthened community participation standards.
Multi-Platform Revenue – sell NFTs and content across multiple platforms.

Official Links

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

Altcoin Projects, Project review