INTRODUCTION
The world of cryptocurencies as we know cannot stand on its own without working with the traditional financiaI setup that involves the use of the old currencies. This is where users hail from and many even have their wealth stored up in the traditional setup in financiaI institutions. The arrival of the digital ledger however opened users up to the possibility of storing assets and accumulating wealth on the immutable ledger through a well organized platforms called LCX. LCX is new though, but is very dynamic in its approach in that it is able to provide a balance and real flexibility in the use of funds between the digital ledger and the Fiat financiaI market. So let me give you more insightful information about this innovation.
WHAT IS LCX ?
Basically, this project is a Liechtenstein based ecosystem set aside for cryptoassets use and also to serve as a comfortable exchange with so many advantages. However, it does more than the conventionak crypto related operation to penetrate the traditional bank with its solutions which makes it easier for the investors to relate with both system. It provides standard and holistic banking services and makes both crypto and traditional assets use easy through its platform. The core ambition is to provide a long sustainable solutions to financiaI predicaments while providing a perfect strategy for all users to perform all banking activities just like in the traditional system but better. For it to bring about the main objectives, it provides features like; The security structures which is top-notch with great standard, built on the standard technology to ensure the protection of the main infrastructures and the users as well in the ecosystem.
Full transparency is birth in LCX to achieve perfect monitoring of the financial processes and to maintain the standard of the KYC (know your customer), Anti money laundering and other financiaI monitoring system. The achievement of this improves the security at the same time.
Customers will be given off to this system to create their values and to focus on all what they need to achieve with the services they are provided with in the community. They will be able to take advantage of the financiaI Industry and services will be provided seamlessly. It has provided a customer centric approach as a means of boosting its values and that makes it astounding in the market. LCX thus have the ability to adapt to the market and to make necessary changes with the recent technology. This cause investors to flourish and build their investments scheme upon the right foundation provided by this platform.
Asides all that, it makes customers maintain their focus while it attends to their needs in the community.
• It makes all the members able to learn how to get services and how to do more with the features provided. When any operation is initiated at any time, LCX provides the befitting results or outcome and make users able to take necessary actions.
• The users can rise from being an ordinary novice user to expert just by engaging more with it.
LCX PROJECTS THE FOLLOWING PRODUCTS AND SERVICES
Since it is establishing a network which should function as an effective crypto financiaI platform as well as traditional ecosystem, it provides these products and services as the essential keys to make that possible and they include; The LCX bank that has been fully licensed to operate and fill the space for the traditional operations and users who will be involved. This makes corporate banking possible and also provides private features for the users. It provides a trading desk for trading crypto assets. This is called the LCX terminal and that fulfils the the need for an exchange between the investors and other traders that uses crypto.
It still provides an exchange (LCX Exchange) in the marketplace to make the trading of security tokens easy and quick. This is the third product or service it gives.
This platform provides its security token and takes the responsibility of managing them with the LCX ASSETS. Then it can also offer more tokenized financiaI assets and ensure their continuous emission as they are issued.
There is a LCX vault product as well which serves as the perfect institutional grade solution. There is a decentralised protocol to oversee the issuance of security tokens in the digital ledger and then it provided a solution to the non compliance in this process and as the tokens are traded in the ecosystem.
CONCLUSION
All the products and features as provided will make LCX a stronger community to take on the banking services of the traditional users who still deal in fiats as well as the crypto investors to leave no room for the underutilizing of the digital space where LCX exists.
USEFUL LINKS
Website: http://lcx.com
Whitepaper: https://www.lcx.com/wp-content/uploads/LCX-Vision.pdf
Telegram: https://t.me/JoinLCX
Twitter: https://twitter.com/lcx
Facebook: https://facebook.com/lcx.exchange
Instagram: https://www.instagram.com/lcx.exchange/
Linkedln: https://www.linkedin.com/company/lcx/
YouTube: https://www.youtube.com/channel/UCNj78acRE-ywQPim-wZ8RTQ
Writer- Okafor Oluchukwu Charity