About LUKSO Network
LUKSO Network is a blockchain infrastructure designed to support the next generation of digital ecosystems, focused on creating a new standard for decentralized applications and digital assets. The platform is optimized for building decentralized applications (dApps) and blockchain-based digital assets with a focus on fashion, gaming, design, and social media, enabling creators and developers to easily build and monetize their ideas.
LUKSO also provides a set of tools, protocols, and standards to facilitate interoperability, scalability, and user experience, while maintaining a high level of security and privacy. The LUKSO ecosystem is governed by the LYX token, which is used for transaction fees, staking, and community governance.
About $LYXe token
LYXe is the native cryptocurrency of the LUKSO network, a blockchain platform designed for fashion, lifestyle, and luxury goods. LYXe is used for various purposes on the LUKSO network, including transactions, staking, governance, and more. It is an ERC-20 token, meaning that it is built on the Ethereum blockchain and is compatible with all ERC-20 wallets and exchanges.
How to buy $LYXe with a payment card
1. Enter the amount of $LYXe and fiat currency that you wish to purchase.
2. Verify your phone and email.
3. Enter or create $LYXe wallet
You are given the option to enter your $LYXe wallet address or create one using the Swipelux widget.
4. Pass KYC flow
This verification process helps protect you from fraud and other malicious activities.
5. You're now ready to buy $LYXe with a credit and debit card.
Market Position and Adoption: LYXe is ranked #230 among cryptocurrencies with a market cap of $135,975,250. It is a token on the LUKSO blockchain, which is designed to support decentralized applications and digital assets for the fashion, beauty, and lifestyle industries. The LUKSO network is a proof-of-stake blockchain that aims to enable the creation and trading of non-fungible tokens (NFTs) for luxury brands and creators. LYXe has a total supply of 100,000,000 tokens, with 15,405,916 LYXe currently in circulation. It has been added to over 51,530 watchlists and has self-reported tags of Collectibles & NFTs and Metaverse.
Technology and Platform: LYXe is an ERC-20 token on the LUKSO blockchain, which is designed to enable the creation of decentralized applications and digital assets for the fashion, beauty, and lifestyle industries. The LUKSO network uses a proof-of-stake consensus mechanism and aims to enable the creation and trading of NFTs for luxury brands and creators. The network uses a permissioned architecture to enable scalability and high throughput, while still maintaining the security and decentralization of the blockchain.
Team: The LUKSO team is led by CEO and Founder Marjorie Hernandez, who has over 20 years of experience in fashion and technology. The team includes experts in blockchain development, fashion, and sustainability, including CTO Fabian Vogelsteller, who also created the ERC-20 token standard, and COO Stefan Krautwald, who has over 10 years of experience in luxury fashion.
Competition: LYXe competes with other blockchain networks that support NFTs, such as Ethereum, Flow, and Tezos. It also competes with other blockchain projects that focus on digital assets for the fashion and lifestyle industries, such as Arianee and Vechain.
Supply: LYXe has a total supply of 100,000,000 tokens, with 15,405,916 LYXe currently in circulation. The token has a relatively low circulating supply, which could potentially drive up its value if demand for the token increases. However, it is important to note that the total supply of LYXe is significantly higher than its current circulating supply, which could potentially dilute the value of the token if more tokens are released into circulation in the future.
Market Volatility: As with any cryptocurrency, the LYXe token is subject to market volatility and price fluctuations that could result in significant losses for investors.
Regulatory Risk: Cryptocurrencies are still a relatively new and unregulated asset class, and there is a risk that governments could impose new regulations or restrictions on their use or trade, which could negatively impact the LYXe token's value.
Network Security: The LUKSO Network, on which the LYXe token is built, could be vulnerable to cyber-attacks, hacks, or other security breaches, which could result in the loss of user funds or damage to the network's reputation.
Adoption Risk: The success of the LYXe token is largely dependent on the adoption of the LUKSO platform and its ability to attract a significant user base. If the platform fails to gain traction, it could negatively impact the token's value.
Competition: There are many other blockchain platforms and cryptocurrencies that are competing with LUKSO for market share, and there is a risk that other platforms could gain a competitive advantage, reducing the demand for LYXe tokens.
Token Issuance: There is a risk that the LUKSO team could issue additional LYXe tokens, diluting the value of existing tokens and reducing demand. Similarly, if too many tokens are locked up in staking or other activities, it could limit the liquidity of the market and impact the token's value.
Potential market development triggers
Increased adoption of NFTs and digital collectibles: As LUKSO is a blockchain platform designed for the fashion and lifestyle industry, an increase in adoption of NFTs and digital collectibles within this industry could drive demand for LYXe tokens.
Growth of the metaverse: The metaverse, a virtual world where users can interact with each other and digital objects, is a rapidly growing space. LUKSO's platform is designed to enable the creation of virtual fashion items, and as the metaverse grows, demand for these items and therefore LYXe tokens could increase.
Expansion of partnerships and use cases: As LUKSO continues to expand partnerships and use cases for its platform, this could increase demand for LYXe tokens. For example, LUKSO has already partnered with Adidas to create a blockchain-based platform for verifying the authenticity of Adidas products, and as more such partnerships are formed, LYXe token could become increasingly valuable.
Increased adoption of blockchain technology: As blockchain technology continues to be adopted across various industries, this could lead to increased demand for LUKSO's platform and therefore LYXe tokens.
Launch of new products and services: If LUKSO were to launch new products or services that are well-received by the market, this could drive demand for LYXe tokens. For example, if LUKSO were to launch a new platform or tool that enables easier creation of NFTs, this could drive demand for LYXe tokens as more people would need to purchase them to use the platform or tool.