Have you ever heard about Legolas Exchange and its LGO token? No? You should.
In short, Legolas intend to bring us a fairly, fast, and transparent decentralised exchange.
I'm sure you guys already heard that the Bitcoin (or other coins) price can be manipulated by exchanges, and in fact it does. You can understand a little about this, here: (https://medium.com/legolas-exchange/how-exchanges-manipulate-the-price-of-bitcoin-6e7e4b99a4a).
They want to solve this issue and other, like make payments/trades safer and possible for institucional investors. How they do that? They explain:
"Legolas Exchange incorporates a decentralized ledger within its proprietary centralized platform in order to neutralize front-running and guarantee the unalterability, temporality, and transparency of the order book.
Legolas Exchange's unique hybrid model and strategic partnerships provide a fair and secure trading environment in which every type of transaction, intra-chain, cross-chain, and crypto/fiat, is executable.
Thus, unlike fully decentralized exchanges, Legolas can cover 100% market share with full transparency and security."
This ICO is over, and they collected 3,504 BTC, around USD 30,000,000.
For kind of compare, we can see other "exchange coins" like Binance Coin (BNB) which has USD 840,000,000 market cap, so if LGO arrive in this level, it will be a 28x profit. Personally I believe in a much bigger profit, around 70x-100x. I can say this, because they have some characteristics that every investor loves:
1st: the only way to pay the exchange fees will be with LGO tokens.
2nd: Legolas Exchange will implement a transparent and verified mechanism that destroys on each trade 25% of all LGO paid to Legolas Exchange as a transaction fee. As a result, the supply of LGO will decrease over time as the activity on Legolas Exchange increases, and the demand for each LGO will increase according.
3rd: they will sell some exclusive services for investors ( functionalities such as, for example: research, analysis, statistical calculations, recommendations, etc.). These functionalities will be payable in LGO token, ONLY.
I bought 1 BTC of LGO Tokens. Let's see how much it will give me in the future.
Buy guys, remember my words: this exchange will be HUGE, maybe the first one in volume, soon!
Site: https://legolas.exchange/
