Lukso - Price Prediction
Lukso - Price Prediction
Diamond Hands - Part 2
Welcome to Part 2, let’s get this party started! If you didn’t notice I had this image made to resemble Fabian and not the Wall Street Bets avatar. Please feel free to share this image and gif, which can be found floating round on Telegram and Twitter @luksogood, Onchain Capitalist.
Do Good, Then Do Well
In the summer of 2020 I began my research on Lukso and it proved to be a lot more difficult than I anticipated. So after months of digging up content and joining the Lukso Blockchain Telegram group(s) I had a thought.
Wouldn’t it be super helpful for the community to have a single montage video of all the compelling reasons why Lukso is an emerging investable asset?
This of course would’ve saved me months of time when I found Lukso, so I made the decision to “Do Good First, Then Do Well Later”. The only problem was that I had very little knowledge how to video edit or launch a YouTube Channel.
Three weeks later I had a YouTube channel, a brand, a logo, cover art, a thumbnail picture, and a fully edited video montage of all my favorite videos I dug up. This video I created is a fantastic place to start if you want to connect the dots quickly on where Lukso is going.
Shout out to Chico Crypto for your impressive research and helping me understand the NFT space.
Partnership
The excitement around partnerships are buzzing around the Lukso community and some are clearly obvious. The most hopeful partnership potential is with Nike and their cryptography patent validating shoe ownership on the blockchain using CryptoKicks.
Other obvious partnership connection include Adidas, Chanel, and Instagram. However there is one partnership that is flying under the radar and has the potential to providing the baseline value proposition for all luxury brands alike. This partnership is with Arianee, The Digital Identity Consortium.
This technology along with Lukso’s Crypto Tag is essentially solving the massive luxury counterfeit goods problem.
According to the Global Brand Counterfeiting Report 2018, the volume of international trade in counterfeit goods reached $1.2 trillion in 2017 and is expected to rise to $1.82 trillion in 2020 – and these staggering numbers are expected to keep on growing.
Source: World Trademark Market Review
“Lukso has created a hardware device RFID called Crypto Tags that are non-replicable and can be attached to any product in order to create a singular identity”
Marjorie Hernandez quote at Leaders Connected - NOAH19 - Berlin
It’s clear that integrating Crypto Tags into Luxury handbags like Burberry, Chanel, Louis Vuitton, and many other brands is a Win/Win for everyone!
Potential Partnerships
Bundesliga Soccer League (Germany)
This rumor has been confirmed in an AMA with Fabian and Marjorie along with the official admin in Telegram so this partnership will be public sooner than later. There isn’t much detail around the extend of the partnership or if it will be a star player or team creating NFTs for collectibles, merchandise, or all the above.
This rumor is now live! It’s FANZONE.io that has launched on Android and Apple!
Nike
The holy grail of Crypto has always been to land Nike as a partner. The dots that connect Nike to Lukso are obvious to me and others like @Alts_Anonymous. The CryptoTags, CryptoKicks Patent, Digital Locker, Nike Token on Lukso, and Nike branded NFT Wallet demo seen below are further evidence of this actually being a real possibility.
Billionaires Love NFTs
The narrative around crypto for the past decade has been centered around financial systems and programmable money. Although this is important and the entire Decentralized Finance (DeFi) movement is in full swing, it’s also very self servicing, male dominated, and incredibly complex. The chances of mass adoption of the financial blockchain is slim to none, and slim just walked out the door.
Billionaires of the world understand that in order to have an investable asset that isn’t a store of value, they need scale! Does the underlined technology solve a problem, add value, and appeal to a large enough market? This is called Total Addressable Market (TAM) for big money peeps who have a responsible investment timeline of 5 to 10 years at minimum. The likes of Mark Cuban, Gary Vaynerchuk, and Chamath Palihapitiya all have made very bold public statements of the NFT space and are investing heavily. If you don’t know who these 3 people are, google them.
The first 8 minutes or so of this video are a great recap of what these 3 investment legends are doing in the NFT space. WATCH IT!
Lukso Announcements
When L16 Testnet?
We will release all the information about the LYXe → LYX migration, staking and procedures as soon as we get closer to the Mainnet launch.
We are currently preparing the tools to make this process easy and simple and expect to allow anyone to participate in the L16 public testnet within the next weeks. Reference Here, July 28th 2021
The ephemeral-testnet (L15)
We are currently running an ephemeral-testnet, which is used to test the L16 testnet setup and tools. This network can not be considered stable and is frequently reset.
Lukso Mainnet Launch - Early Q4 2021
The Lukso team is hopefully optimistic about a early Q4 - October 2021
After these modifications we will launch the L16 public test network to test the networks stability over time, and will then launch the Mainnet when we consider the test network stable.
We will release all the information about the LYXe → LYX migration, staking and procedures as soon as we get closer to the Mainnet launch. Our current hope for the launch time is still Q2 2021, lets keep our fingers crossed 🤞
Fabian Vogelsteller, Medium Mainnet Architecture
Token or Coin
A basic fundamental concept that even some crypto OGs mess up is explaining the difference of a Token or Coin. This is important for Lukso because it is and will be both at various stages of development.
A token runs on the Ethereum network, usually as an ERC20 token which has compatibility with ETH. You will notice that your ETH wallet address has the same address as your Lukso address, Chainlink address, Celsius address, or any ERC20.
A coin essentially is it’s own blockchain, not a token on Ethereum. For example: Bitcoin is a coin, not a token.
LYX is the native cryptocurrency of the LUKSO Blockchain, and is required to secure this decentralized infrastructure. It is used to pay for transaction fees and need to be locked (staking) to participate in the block production.
"LYXe" is LYX on the Ethereum Blockchain, and is the token that the Reversible ICO returns.
Once the network starts there will be a migration of LYXe to LYX on the LUKSO Blockchain. Both LYXe and LYX represent the same asset but on different Blockchain networks.Source: Lukso FAQs
Price Prediction
Now onto what everyone came here to find out. What is my price prediction in the short term? First of all, this is NOT INVESTMENT OR FINANCIAL ADVICE, this is simply for educational purposes only and I’ve demonstrated many examples of how to do your own research; How to find and calculate Total Addressable Market (TAM), Technology Value, People Assets, Potential Partnerships, Tokenomics, and Pumpamentals.
In October 2020 I predicted very loudly on Telegram that the final price at rICO would be $4.50! Mind you I predicted this when Lukso was at .50 cents or so. Needless to say, I got laughed out of the chat room and didn’t talk about it again for months. Until recently, a few of the active community members started commenting that the $4.50 price just might happen.
Guess what?!
It hit exactly $4.50 on Uniswap on the day the rICO ended, then shot up even higher the next morning…
Nailed it! GREEN LIGHT!
Drum Roll Please…
Minimum of $62 / LYX on or before September 31st 2021 ( ~$2B Market Cap )
IF any combination of these partnerships are executed:
Coinbase
Binance
Nike CryptoKicks
Adidas
Burberry
Chanel
Then a ~$20B+ Market Cap is highly likely in this 2021 bull market run, putting the price over $572/ LYX at 35m circulating supply
That was a very interesting read, i like it.
Where is part 1?
And how did you come up with the $52 prediction by end of July. Why 52? Is based on the anticipated marketcap?
When you mean by partnerships with Coinbase or Binance, do you mean exchange listing? Or an actual partnership as in?