Lukso
LUKSO is an Ethereum sister network dedicated to mainstream applications. A blockchain for the new creative economies will power the next generation of phygital assets and digital life.
It enables the lifestyle, fashion, media, and design spaces to drive innovation around the core themes of future creative work – enabling unique identities, creating digital experiences and building tokenized communities.
The story
The frauds and scams in the early ICO fiasco were a concern for us right from the start. We started to work on a project that would bring more control to investors and hold project owners responsible for their actions. In a close collaboration with Fabian Vogelsteller we helped on the development of the first Reversible ICO for Lukso. Investors can get part of their money back at any point, all done through smart contracts, on the blockchain, no questions asked.
The challenge
Creating a protocol that assures investors are always in control of their funds while providing the best user experience and simplifying the process as much as possible.
The solution
Source: Lukso
To view a more detailed version of the solution you can check Fabian’s blog post here.