As you may know, LUKSO has chosen to build a new blockchain (as opposed to just building their standards on Ethereum) due to multiple reasons that Ethereum couldn’t accommodate.

1⃣ Today, we are going to talk about one of the two main reasons why LUKSO needed to start from scratch :

👉Subsidization

Building or using a blockchain right now is quite complicated because each change of status on the blockchain requires payment of a fee.

For a simple withdrawal, it’s not that expensive, but as soon as you start interacting with a complex dApp, the costs rise significantly...

2⃣ The need to pay a fee for each transaction is also detrimental to the user experience, as every new user first needs to ensure they have the right amount of tokens.

This means they need to :

🔸Buy one on a Centralized Exchange (CEX)

🔸Go through Know Your Customer (KYC) 🔸Procedures wait

🔸Etc...

which can be tedious.

3⃣ So, the smart choice if you want people to use your blockchain is to enable them to use and try it without the complexity of paying for every fee.

👉This is where LUKSO innovates !

With the in-house creation of what is called a transaction relay service, you can decide on the LUKSO blockchain that a third party will pay your fees while keeping full control of your transactions.

Basically : You decide, and the relayer pays 😎

The relayer can be a friend, a company, but initially, the relayer is LUKSO.

4⃣ Yes, LUKSO is paying for your fees, offering you a seamless experience of what it’s like to use the blockchain in 2024 😌

If you think about it, what’s the best way for users and builders to try your product ?

👉You make it free and appealing !

This is LUKSO.

Be smart, choose LUKSO.