Journey to the Moon from a Little-Known Altcoin! 100x Awaiting!

Altcoin Buzz, a popular crypto channel, is telling its subscribers what it thinks is the new coin with great potential and expected to make 100x. luxo (LYXE) shared a project. Analyst your altcoin He explained why he had a 100x pumping chance, with solid arguments.

Overview of Luxo

Lukso (LYXE) is a PoW blockchain created by the creator of ERC-20, ERC-725 and web3.js. As the crypto strategist points out; digital fashion, Metaverse and NFTs are already huge markets, and this decentralized infrastructure, with the focus on the fashion industry, has already caught the attention of industry heavyweights like Vogue Magazine.

“To understand what Luxo is and how it might work in the current system, we need to look at the world of digital fashion. This concept; creates digital apparel, NFTs, personalized avatars and various other items. There is also a paradigm shift in the idea of ​​lifestyle consumerism.”

It is also LYXE, the terel token of Luxo, the world’s first Reversible ICO project. For Lukso, Ethereum is used as collateral and as a result, there are currently 15 million LYXE tokens in circulation. According to the Trader, these LYXE tokens will be converted to LYX when the mainnet goes live in Q4 of this year.

Since its launch in February 2020, LYXE has experienced a fantastic 70x rally from its price of $0.35 in February 2020 to a recent all-time high of $31. At the time of writing, LUKSO Token (LYXE) is trading at $24

Price Catalysts

The crypto strategist highlights 4 main aspects that will act as a price catalyst for LYXE to continue its rally:

Identity and Data governance

According to Trader, ensuring Luxo’s self-sovereign, universal and transferable identity is the most critical aspect of the project.

“Lukso allows users to prove their identity and take the information with them when they leave the chain.”

Virtualization

According to the crypto strategist, this aspect of the platform regarding virtualization includes creating virtual assets and services and a digital ecosystem. As a result, Luxo uses “digital twin” technology to map physical goods to virtual networks.

Tokenization of Asset

The third advantageous aspect of Luxo is the tokenization of assets. The idea behind it is based on the concept of digital collection.

Value Proposition

Lukso allows developers and artists to showcase their digital lifestyles and create tokenized Communities. These communities can consist of their NFTs, limited edition products from major brands, or even very valuable collections.

“Lukso has successfully sold some unique NFTs. The last of these was the NFT, Lambada Dyed Red White Blue, and it caught the attention of industry heavyweights like Vogue Magazine.”

According to the crypto strategist, with the sale of the asset in the traditional world, the relationship between the buyer and the seller ends; In Luxo, the bond between buyer and seller begins with the sale of the asset:

“This is the wave of innovation we are about to see with the launch of the LUKSO mainnet in the fourth quarter of 2021.”

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.

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