What is LUKSO Token?
LUKSO Token (LYXE) is a blockchain infrastructure provider, offering a series of standards and solutions for physical and digital consumer goods to enable greater transparency, circulation and responsible practices in production and consumption. Lukso allows individuals and companies to create universal public profiles to allow for secure and verifiable transactions within creative economies. LUKSO Digital Certificates introduce an additional verification layer to the ownership of creative goods that make unique characteristics permanently visible, with each product linked to a corresponding record of data, bridging the physical and virtual world while building communities using Cultural Currencies- digital tokens representing the value of value of socio-creative activities, interest, status, and participation. LYXE token is used to pay for transaction fees and can be staked to validator nodes within the LUKSO Proof of Work (PoW) blockchain network to earn LYXE block rewards.