What Is LUKSO (LYXe)?

LUKSO is a blockchain infrastructure that aims to offer a series of standards and solutions for physical and digital consumer goods to encourage circularity, transparency, and new forms of responsible production and consumption. According to the whitepaper, the platform opens up new access channels between socio-creative crowds and expands the digital, physical, and virtual touch points across all creative platforms, verticals, and professions.

 With LUKSO, all stakeholders' present and future interactions can be embedded into a dynamic decentralized digital layer which seeks to be verifiable, transparent, interoperable, and secured by hard-coded rules. The platform is purposefully built for the nature of the modern lifestyle industry. LUKSO aims to enable the space to drive innovation around the core themes of future creative work. Also, the platform seeks to redefine how collections can be displayed, assets managed, and brands experienced. Furthermore, LUKSO allows creative professionals to shape emerging trends and unleash the creative force.

LUKSO seeks to introduce standards and tools enabling a new economy based on cultural currencies, digital certificates, and universal public profiles described below.

• Universal Public Profiles - Universal profiles make verifiable and economic interactions possible. UPPs are the core building block for the new creative economies.

• Digital Certificates - By establishing a digital identity for physical and digital products, LUKSO enables new forms of digital ownership.

• Cultural Currencies - Digital tokens can act as the connective medium for lifestyle communities, making the tokens participative, valuable, and inclusive.

LUKSO (LYXe) represents LYX (native currency) on the Ethereum blockchain. As per the technical lightpaper, the LYX on Ethereum (LYXe) seeks to realize two purposes:

• To account for the amount of LYX reserved in the LUKSO Blockchain.

• To give access to the users' wallets and the corresponding ETH in the reversible ICO (rICO). The reversible initial coin offering is an approach allowing purchasing LYXe over time while maintaining the ability to reverse the commitment partially at any point within eight months.

History of LUKSO (LYXe)

LUKSO, the blockchain for a new digital lifestyle, was created by former Ethereum developer Fabian Vogelsteller and brand architect Marjorie Hernandez. LUKSO is the new project by the creators of ERC-725 and ERC-20. The whitepaper of LUKSO was released in February 2020. The technical lightpaper was released on February 10, 2020.