Under-the-Radar Blockchain Project Defies Crypto Downtrend, Surges 22% This Week Ahead of Mainnet Launch

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An under-the-radar blockchain project jumped more than 22% this week, defying the crypto market slump.

LUSKO (LYXE) is an Ethereum (ETH) virtual machine blockchain that aims to revolutionize the way brands, creators, and users interact in Web3.

LYXE is used to secure decentralized infrastructure, pay transaction fees, staking and bulk production.

The project’s native token, LYXE, hit a weekly high of $7.16 from a seven-day low of $5.85, representing an upside of over 22%.

The market-thwarting gains for the token come as LUSKO nears its mainnet launch in 2023.

explains the project

“We are working on the final steps to launch the LUKSO mainnet. Currently, we are testing the mainnet startup procedure with internal networks and developing all the tools needed to launch the mainnet, including the Validator Deposit Launchpad, node startup and management tools, and the LYXe migration…

We are currently finalizing the deposit validator launch platform. This will be the tool for users to become a staking validator on LUKSO. The staking and node management tools we are building will allow a user, developer or staking service to easily run LUKSO nodes. »

LUSKO teased another mainnet update on January 22.

At the time of writing, LYXE is changing hands for $6.48. Despite its gains this week, LYXE remains down more than 84% from its all-time high of $41.18.

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