Fabian, an early builder of Ethereum and co-creator of ERC-20, launched the Layer 1 public chain LUKSO, which will compete with Ethereum itself.

LUKSO will have the opportunity to allow validators to join the network. There will be a Genesis Validator deposit smart contract on the Ethereum blockchain, which will go live in a few weeks. On LUKSO, the Genesis Validator Deposit Smart Contract will allow users to deposit LYXe, an ERC-20 Token that was launched in the reversible ICO round in June 2020 and became a Genesis Validator. After the mainnet goes online, LYXe will be converted It is LYX, the native Token of LUKSO.