This deck explains the first iteration of the rICO concept.

1. THE
REVERSIBLE
INITIAL COIN OFFERING
or “rICO” in short.

2. lukso.network—BlockchainforNewCreaiveEconomies
0x123AbCdeF456
0x789eF456DDff

3. lukso.network—BlockchainforNewCreativeEconomies
Problems
1. Lock in; FOMO choices
2. Scams
3. No investor protection
4. No responsibility of the project
5. Regulatory complexity
Benefits of ICOs
1. Direct ownership
2. Fractional ownership
3. Real time settlement
4. Interactivity with a huge ecosystem
5. Transferability
6. Potential liquidity | 24/7 markets
3

4. lukso.network—BlockchainforNewCreativeEconomies
What we need
Investor protection Increased project
responsibility
Personal choice
4

5. lukso.network—BlockchainforNewCreativeEconomies
What we need
Investor protection Increased project
responsibility
Personal choice
Security by design
5

6. lukso.network—BlockchainforNewCreaiveEconomies
How does the rICO solve that?
6

7. lukso.network—BlockchainforNewCreativeEconomies
LYX
7
The following example uses LYX, the native cryptocurrency of the LUKSO Blockchain.
Bought LYX on Ethereum called "LYXe” will migrate to the LUKSO Blockchain, once started.

8. lukso.network—BlockchainforNewCreativeEconomies
The rICO
8
Committed ETH
bought LYX
13 MONTHS
User can withdraw ETH
or buy more LYX
at any time
MONTH 0 MONTHS 1-12

9. lukso.network—BlockchainforNewCreativeEconomies
The Stages
9
The rICO stages allow to buy over time LYX, with a committed amount of ETH.

10. lukso.network—BlockchainforNewCreativeEconomies
The Stages
10
The rICO stages allow to buy over time LYX, with a committed amount of ETH.
Each stage increases the price, to make early contributing interesting.

11. lukso.network—BlockchainforNewCreativeEconomies
The Stages
11
Stage 0
Commit phase
You can secure an amount of
LYX, by committing ETH.
You see your balance,
but no LYX are moveable, as
they aren’t bought, yet.
ETH are fully withdraw-able
by sending back LYX
The rICO stages allow to buy over time LYX, with a committed amount of ETH.
Each stage increases the price, to make early contributing interesting.

12. lukso.network—BlockchainforNewCreativeEconomies
The Stages
12
Stage 0
Commit phase
You can secure an amount of
LYX, by committing ETH.
You see your balance,
but no LYX are moveable, as
they aren’t bought, yet.
ETH are fully withdraw-able
by sending back LYX
Stage 1-12
Buy phase
Committed ETH goes to LUKSO
over time, while buying LYX for
you.
Your balance becomes
unlocked,
LYX are becoming moveable, as
they are bought over time.
ETH is partly withdraw-able
as part of the committed ETH
has bought LYX.
The rICO stages allow to buy over time LYX, with a committed amount of ETH.
Each stage increases the price, to make early contributing interesting.

13. lukso.network—BlockchainforNewCreativeEconomies
The Stages
13
Stage 0
Commit phase
You can secure an amount of
LYX, by committing ETH.
You see your balance,
but no LYX are moveable, as
they aren’t bought, yet.
ETH are fully withdraw-able
by sending back LYX
Stage 1-12
Buy phase
Committed ETH goes to LUKSO
over time, while buying LYX for
you.
Your balance becomes
unlocked,
LYX are becoming moveable, as
they are bought over time.
ETH is partly withdraw-able
as part of the committed ETH
has bought LYX.
Buying during Stage 1-12
will automatically grant the
amount of LYX corresponding to
the passed time, and commit
the rest of the ETH to buy over
time.
ETH is instantly only partly
withdraw-able, just the part
that is still committed.
The rICO stages allow to buy over time LYX, with a committed amount of ETH.
Each stage increases the price, to make early contributing interesting.

14. lukso.network—BlockchainforNewCreativeEconomies
The Stages
14
Stage 0
Commit phase
You can secure an amount of
LYX, by committing ETH.
You see your balance,
but no LYX are moveable, as
they aren’t bought, yet.
ETH are fully withdraw-able
by sending back LYX
Stage 1-12
Buy phase
Committed ETH goes to LUKSO
over time, while buying LYX for
you.
Your balance becomes
unlocked,
LYX are becoming moveable, as
they are bought over time.
ETH is partly withdraw-able
as part of the committed ETH
has bought LYX.
Buying during Stage 1-12
will automatically grant the
amount of LYX corresponding to
the passed time, and commit
the rest of the ETH to buy over
time.
ETH is instantly only partly
withdraw-able, just the part
that is still committed.
The rICO stages allow to buy over time LYX, with a committed amount of ETH.
Each stage increases the price, to make early contributing interesting.
13 MONTHS

15. lukso.network—BlockchainforNewCreativeEconomies
The rICO
15
Committed ETH
bought LYX
13 MONTHS
User can withdraw ETH
or buy more LYX
at any time
MONTH 0 MONTHS 1-12