1/ Now that everyone is scanning the market for the next 10x, let me introduce you $LYXe ✍️

2/ In the past days I've been seeing a lot of people talking about @lukso_io so I wanted to know what was all the hype about I put some hours of research, and what I found sounds promising, and the best? It's still under $200M MC Now, let's get into it

3/ $LYXe it's not just another crypto token, it's the fuel for the LUKSO blockchain, a new EVM L1 project dedicated to the "creative economy" Let's dive into why this could be a game-changer

4/ [img:f4Ka8fS1x]The team behind LUKSO is impressive The founders have a strong blockchain pedigree, with Fabian Vogelsteller being part of the team that created Ethereum and the author of Ethereum Wallet, and ERC20 and ERC 725 tokens​

5/ Their vision? A blockchain for creatives, centralized around "universal profiles" This gives users the ability to create an on-chain identity (NFTs, decentralized social media, payments), integrating user activities under one roof that is more than just a wallet address

6/ LUKSO aims to solve issues in the fashion industry such as counterfeiting, which costs the industry more than $450 billion per year. With blockchain, a product's lifespan can be followed from creation through distribution, making authenticity completely verifiable.

7/ [img:btmeeKSdR]Items such as luxury handbags could have their own digital identities listing information about materials and ownership, authenticating and establishing the value of the item

8/ The tokenomics? [img:of9nZWOgN] It's driven by community participation Anyone could become a Genesis validator by contributing 32 LYXe to secure the network (around $439, extremely cheap compared to Ethereum where it would cost you 32 ETH)

9/ Genesis validators play a key role in establishing the supply of the LYX token and determining how involved the Foundation will be in the ecosystem As part of the smart contract deposit, Genesis validators will vote on how many LYX tokens should exist when the network starts​

10/ [img:qzGJHJvp3]They are currently working on launching a mobile app that will serve as a digital wardrobe where users can collect, transfer, buy, and resell digital goods and wear these assets in real-time.

11/ [img:eZL2nKRxp]The team's got some heavyweight backers, with names like Chanel, Burberry, Highsnobiety, or Nike in their board. They see the potential, do you? With a current market cap of $155.52 million $LYXe will be one of the coins I will keep on my radar on the next months

12/ As always, you need to do your own research too, so check out lukso.network and let me know if you see the potential too If you enjoyed this thread, please RT to help me spread the word about it Keep an eye on $LYXe!