LCX 💸💸💸
đź‘ŹWhat is LCX
LCX is building the infrastructure for this new financial world — powering professional crypto finance.LCX, the Liechtenstein Cryptoassets Exchange, is a blockchain ecosystem for professional investors. LCX is proud member of the World Economic Forum’s Centre for the Fourth Industrial Revolution.
đź‘ŹWhat are its Products and Services?
LCX is building a financial ecosystem for digital assets to become the new category leader in the blockchain industry. This can be only achieved by combining several key elements.
đź‘ŹWhat are the USPs of LCX?
LCX Terminal
LCX Exchange
LCX Assets
LCX Vault
LCX Protocol
LCX Bank
đź‘ŹWhat is the LCX Token?
The LCX Token is a Utility Token and can be used as a voucher to pay fees, such as fees for LCX Terminal subscription and other fees within theLCX ecosystem. It is issued as an ERC-20 token (on the Ethereum platform) and the official contract address is 0x037a54aab062628c9bbae1fdb1583c195585fe41 (Link to Etherscan).
đź‘ŹWhat is the utility of the LCX Token?
The LCX Token is created as a utility Token which may be used to pay all fees associated with the services offered by LCX AG. The LCX Token can be used as a voucher to pay fees, such as fees for LCX Terminal subscription; fees for custodian solutions LCX Vault; fees for exchange transactions for all crypto assets; exchange fees for fiat-crypto-fiat transactions; processing fees; and other fees within the LCX ecosystem.
As LCX will be accumulating LCX Tokens over time, it will implement a transparent and verifiable mechanism to burn LCX in order to reduce the supply of tokens in the ecosystem. LCX will burn 100% of all “used” LCX Tokens, which LCX receives in the payment process of the utility token. LCX will burn these tokens on a quarterly basis and publish the number of tokens burned.
đź‘ŹWhere can you buy LCX Tokens?
Connected to 15 exchanges at the moment — additional Exchanges roll out over time.(Binance, Kucoin, Kraken, Huobi, gemini, bittrex, bitfinex, coinbase, just to name a few)
• Uniform interface — multi-exchange trading via a single, consistent interface
• Performance tracking — real time profit / loss monitoring
• Portfolio management — consolidated portfolio tracking and investment analysis
• Automated trading tools — cross-exchange arbitrage bots; custom trading bots enabled by machine learning
• Strategy marketplace — trading algorithm marketplace; portfolio matching
• Cryptoasset data feed — customisable price statistics.
The LCX Terminal integrates an advanced simulation model to facilitate backtesting of trading strategies against historical price data from existing cryptocurrency exchanges. Successfully backtested models can be monetized on the strategy marketplace. đź‘Źđź‘Źđź‘Ź
