![LUKSO [OLD] Logo](https://cdn.crypto.app/icons/a/lukso.png){kind=icon}
LUKSO [OLD] price is $3.64
| Market Rank | #623 |
|---|---|
| Market Cap | $ 56.7M |
| Volume 24h | $ 50.5K |
| Circ. Supply | 15.6M |
| Total Supply | 100.0M |
| Max Supply | 100.0M |
The price of LUKSO OLD has increased today, currently sitting at approximately $$ 3.64. Over the past 24 hours, the coin has seen a change of +0.44% in its value.
LUKSO, also known by its ticker LYXE, is a blockchain platform tailored for the lifestyle industry, including fashion, gaming, design, and social media. The platform aims to provide a decentralized infrastructure that fosters innovation, trust, and more sophisticated forms of economic interaction. It's designed to support the creation and management of digital certificates like non-fungible tokens (NFTs), which can represent items like designer goods or digital assets, making ownership and the transfer of these goods more transparent and secure.
LUKSO was founded by two notable individuals with a background in blockchain and fashion. Fabian Vogelsteller is known for his work on Ethereum, particularly his role in the development of the ERC-20 token standard and the Ethereum Mist browser. Marjorie Hernandez is a designer and the founder of THE DEMATERIALISED, a digital fashion marketplace. Together, their experience and vision for the intersection of blockchain technology and lifestyle industries have shaped LUKSO's direction and focus.
LUKSO functions using a consensus mechanism that is similar to Ethereum's, as in its early days it's based on the Ethereum blockchain. It enables smart contracts, which are automated contracts that execute when certain conditions are met, and it allows for the creation of decentralized applications (dApps) on its platform. LUKSO's technology revolves around standards and proposals such as the ERC-725 standard for identity and the ERC-20 standard for fungible tokens, attempting to standardize the interaction of lifestyle industry goods and services within the blockchain.
LUKSO stands out thanks to its niche focus on the lifestyle sector, especially fashion and design. The platform enables brands and creators within this sector to leverage blockchain technology for authenticity verification, supply chain transparency, and innovative forms of customer engagement and ownership. The use of NFTs to digitize assets within these industries is a central feature of LUKSO, which paves the way for new business models, such as digital fashion and virtual items in gaming.
LUKSO typically follows the security protocols of Ethereum as it was initially an ERC-20 token. This means it utilizes the same robust cryptographic techniques and decentralized consensus mechanisms to secure its network against attacks. The specifics regarding transitions to any new consensus mechanisms due to platform upgrades or chain migrations would rely upon details provided by the LUKSO team themselves.
The circulating supply of LUKSO OLD is 15.6M tokens, whereas the total supply is capped at 100.0M tokens. These figures are indicative of how much LYXE is currently available for trading and use within the network.
The market capitalization of LUKSO OLD is currently $$ 56.7M. This places LYXE at market cap rank #624 in the list of cryptocurrencies by market cap.
LUKSO OLD is available for purchase on various crypto exchanges, with the most prominent ones being Bitkub, CoinEx, Bkex, Gate.io, BitMart. Always ensure that you are using a reliable and secure platform when dealing with cryptocurrency transactions.
To keep your LUKSO OLD tokens safe, it is essential to store them in a secure wallet, ideally a hardware wallet, which provides offline storage to protect against hacks and theft. Additionally, be vigilant about online phishing attempts and ensure that your wallet's private keys are never shared or exposed to others.
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