LAPO Coin is a cryptocurrency designed for real-world applications. Unlike other crypts that are too volatile, too complex or too slow, LAPO Coin has the right adaptation technology that will be integrated into real-world companies. This means that everyone can use LAPO Coin to buy different products or pay for several services easily and quickly. The volatility of Bitcoin has made it more useful as a hypothesis vehicle than as a currency, critics say: when the value can change drastically from hour to hour, it introduces an undesirable danger for both sellers and customers.
Integrating a monetary policy is what LAPO Coin proposes to solve this problem. Stability creates a more favorable operating environment for economic activity, is important for the evolution of the real economy and is the most valuable contribution that monetary policy can make to economic growth. For that reason, they are building a self-critical, intellectually honest and adaptable open source Artificial Intelligence that can handle monetary policy, they call it the Stability Fund.
The LAPO Stability Fund is an Artificial Intelligence that analyzes and calculates monetary policy and is used to protect the currency against the artificial volatility of prices. This fully autonomous Stability Fund can detect and prevent illegal market manipulation. Thanks to its Artificial Intelligence, it can analyze the market, news from social networks and historical data. This feature is able to predict and understand, if and when, an illegal manipulation is taking place. Using Seigniorage Actions, the Stability Fund can neutralize the threat and stabilize the market.
LAPO Coin is an unsecured currency, and is independent of all other currencies. Even if the US dollar and the Ether collapse, an unsecured currency such as LAPO Coin could survive as a stable reserve of value. Unlike the central banks of the national states, a stable unsecured currency would not have perverse incentives to inflate or deflate the currency. Its algorithm would only have a global mandate: stability and long-term growth.
This is one of the best characteristics of LAX to break the limits of the current world crypto. Simplicity along with the elegance of the concept, easy integration points for partners and businesses, and the ability to work with an exchange, are some of the additional features that will give LAPO a competitive advantage over the rest, and therefore will help in the broader adoption of the LAPO currency in the cryptocurrency market.
LAX has its own chain of blocks based on DASH technology, and has improved this protocol by adding new features that include smart contracts, greater 2-level network stability, and faster block generation.
LAPO Coin is the first step of a larger project: LAPO ePlatform, a set of financial tools enabled by Blockchain innovation and with Artificial Intelligence technology. ePlatform integrates a decentralized trading platform, an online payment system (eGateway) and offline (point of sale), payment protection for commercial transactions and, as a last step, the LAPO Bank. This will establish a secure and stable bridge to connect the crypto finance with the traditional financial industry and the Coin LAPO will be its core.
LAPO Coin will be used to provide liquidity to the platform and will be used in all transactions. LAX could also be used as collateral for loans. As the platform grows in popularity and use, the LAX value should increase due to its limited supply based on the blockchain protocol. The LAPO ePlatform will also allow users to create their own unique tokens as a means of exchange.
In the near future, the financial industry will be among the first parts of the economy most impacted by blockchain technology. The nature of blockchain eliminates the need for brokers and intermediaries like banks, so transactions will be much faster and cheaper, benefiting both companies and consumers. In addition, the chain of blocks will provide greater security given its immutable and decentralized nature, avoiding the alteration of the general ledger and any single point of failure. By using DASH technology with improved features, such as the ability to execute smart contracts, LAPO Coin and its ePlatform are positioning themselves to become leaders in the financial industry.