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LUKSO Token

LUKSO Token (LYXE)

$ 0.10
-0.95 %
Main info
News
Comments
Markets
Analytics
Market cap
$9.22M
-0.95 %
Volume (24h)
$27.01
-0.95 %
Circulating supply
15,575,916 LYXE
Total supply
99,999,999 LYXE
Max. supply
100,000,000 LYXE

Key data

updated $0
Market cap$9.22M
Volume 24h$27.01
Circulating supply15.58M16% of max 100M
All-time high$41.18-100% from peak · 2021-11-03

LUKSO Token (LYXE) is the native cryptocurrency of the LUKSO blockchain, a network designed for creative industries like fashion, design, and digital culture. In simple terms, it's the fuel that powers a blockchain built to help creators, brands, and artists manage digital identities and assets. The token carries the ticker LYXE and has a fixed maximum supply of 100,000,000 coins.

Frequently asked questions

What is LUKSO Token and how is it different from other cryptocurrencies?

LYXE is the utility token of the LUKSO blockchain, which focuses specifically on lifestyle, fashion, and creative use cases rather than general-purpose finance. Unlike many cryptocurrencies that aim to be digital money, LYXE primarily serves as the payment and staking asset for a network built around digital identities and creative economies. Its fixed hard cap of 100,000,000 tokens also sets it apart from coins with unlimited or inflationary supply.

How does the LUKSO blockchain work?

LUKSO runs on a proof-of-stake consensus mechanism, where validators secure the network by locking up tokens rather than using energy-intensive mining. This allows transactions to be processed quickly and cheaply. The network is fully compatible with Ethereum tooling, so developers can build on it using familiar standards and instruments.

How is LYXE issuance structured?

LYXE has a hard cap of 100,000,000 coins, meaning no more tokens can ever be created beyond that limit. This fixed supply model is designed to prevent inflation of the token base over time. New tokens entered circulation through the network's initial distribution rather than ongoing mining rewards.

How can I store and use LUKSO tokens?

LYXE is an ERC-20 compatible token, so it can be stored in any wallet that supports Ethereum-based assets, such as MetaMask or hardware wallets. Within the LUKSO ecosystem, the token is used to pay transaction fees and participate in network validation. Always verify the official contract address before transferring tokens to avoid fakes.