Question 1

What is LUKSO (LYXE)?

Accepted Answer

LUKSO, the Blockchain for the new digital lifestyle is created by former Ethereum Developer Fabian Vogelsteller, author of ERC20 and ERC725, developer of web3.js and the Mist Browser.

LUKSO is a multiverse blockchain network where the worlds of fashion, gaming, design, and social media intersect. It focuses on bringing Blockchain to the masses, through its smart contract-based blockchain, industry involving standards processes, and an innovative new direction of decentralized applications.

Question 2

What are LYX and LYXe?

Accepted Answer

LYX is the native cryptocurrency of the future LUKSO Blockchain. It is the fuel of the decentralized LUKSO ecosystem. LYX is required for transaction fees, which block producers receive, as well as for staking to participate in the consensus process.
LYXe is the representation of LYX on the Ethereum Blockchain. The Reversible ICO releases LYXe to its participants. Once the LUKSO main-network launches a process will be created to migrate LYXe to LYX on the LUKSO Blockchain.

Question 3

How does the Reversible ICO (rICO) work?

Accepted Answer

The Reversible ICO ("rICO") allows you to buy LYXe over time, while maintaining the ability to reverse your commitment partially at any point within 8 months. 
Instead of buying LYXe instantly like in a regular ICO, the rICO allows you "reserve" a desired amount of LYXe, which will then be purchased automatically throughout the period of the 8 months at your initial commitment price.

**NOTE:** Before you have verified your identity (KYC) your price can still change. Should between your initial reservation and your whitelisting the price change, you will reserve automatically in the current higher price stage. If you do not want that, you can always return your ETH immediately.

You can return any un-bought LYXe to the rICO smart contract address at any point in time, and you will receive the corresponding ETH back. Unlocked LYXe can not be reversed.

The total LYXe balance will be automatically visible in your wallet after you "reserve" and you verified your identity. You will only be able to move and transact with the part of the balance that is finally bought and not reversible.