Luksta 🏅

Luksta serves as the foundational hub for all decentralized applications on LUKSO, whether they involve gaming, social platforms, or decentralized autonomous organizations (DAOs). It marks the inception of your project’s journey.

To initiate a project on Lukso, your first step involves creating a Universal Profile. Why? Simply put, Universal Profiles are instrumental. They serve as the initial point of reference for anyone curious about your project, providing it with a distinctive identity. Not only do they house essential metadata, but they also manage your brand assets. Moreover, a Universal Profile enables individuals to verify the authenticity of assets issued by your brand. Beyond these functionalities, it seamlessly integrates your brand with other applications, such as social feeds, designed to align effortlessly with universal profiles.

Following that, it’s essential to forge a governance token for your brand. A decentralized project thrives on the absence of singular leadership. Governance tokens play a pivotal role in distributing decision-making across the project, fostering a more decentralized and inclusive approach to project governance.

Subsequently, you’ll proceed to create vaults designed to secure those tokens, catering to your founders, investors, and the treasury of your brand. Following this, the distribution of tokens needs to be meticulously executed to ensure fair and proper allocation.

However, there’s more to the process. Now, you must establish a sense of trust with your external investors. It’s imperative to assure them that your commitment extends beyond a mere initial investment. This is where vesting comes into play. Implementing a vesting schedule reinforces the commitment to the project, ensuring that investors can be confident that your dedication remains steadfast, and mitigating concerns about token dumping and abandonment.

Now, we confront the most challenging phase. Constructing any project is a formidable task, particularly when it comes to decentralized initiatives, and financial resources become imperative. You need an effective method to raise capital. Amid the evolving landscape of our industry, we’ve explored various fundraising models, and it appears that the fairest among them is a mechanism known as the Batch Auction. This approach combines the advantages of both Dutch and English auctions while mitigating their respective drawbacks.

In summary Luksta help you with:

1. Establishing your project as a Universal Profile.

2. Crafting a governance token tailored to your project.

3. Connecting the token to your Universal Profile.

4. Creating essential vaults for founders, investors, and treasury management.

5. Distributing token to the proper vaults.

6. Guiding you through the setup of a Vesting Schedule, providing security for your public investors.

7. Orchestrating a batch auction to raise funds by auctioning your governance tokens.

8. Facilitating the whitelisting process, ensuring control over who can participate in your auction.