(Image Source: https://lbx.com)
It's tiring to surf the web and look on new cryptocurrency being introduced everyday and I feel some are really just created to attract investors but its so sad that only few comes out with real product. But not all are capable to perfectly create something like bitcoin did. But as I've learned this project recenty called LBX ( London Block Exchange) I'm quite intrigued and curious what this project about, so I decided to check out the details.
When I browsed their website, its kinda feels like not an ICO project. Why? cause for me, almost all I encountered are mainly focus on token sale and token details and everything about promoting their ongoing ICO. I rarely see something like this that when you visit their website its purely built on information about their product which quite surprising since they already have link to download site of Apple and Google Playstore. So, to my curiosity I download the app via my android device but when I tried to register, as of this moment they only allowed UK residence. But its not the end of the world, so I just look for their whitepaper to know whats inside the app at least I know what LBX can offer since I can't tried the app personally. I've read their whitepaper and the write ups are perfectly written. Normally on some ICO's whitepaper, you can encountered some grammatical error and inconsistent information noted. But this one put a lot of effort to explained their project relevance.
SO WHAT'S LBX ALL ABOUT
In simple terms, they are offering a handy app and exchange platform that consists function for trading cryptocurrency and fiat currency. They supported 30+ fiat currency to be exact and cryptocurrency trading pairs all available on UK, EURO and USD payment. Since the app for the LBX product is already out and working I can say that this project is totally legit and has a product that can really be experience by crypto enthusiasts. However, their platform still limited to UK residences. But their indeed mentioned on their whitepaper an expansion to their operation. Since I live on Asia its gonna roll out on Phase two of their plan expansion after finishing all big European countries. Anyway, lets proceed with the most important part!
LBX OFFERED PRODUCTS
As you can see, inside the LBX ecosystem they have 5 products that everyone can benefit by using their platform.
LBX APP - This is multi crypto built in app that runs their ecosystem whereas you can do some crypto trading and direct fiat conversion with a seamless platform that offers a fast payment system. Currently the app can be downloaded via
Apple
https://itunes.apple.com/us/app/london-block-exchange-lbx/id1335722316?ls=1&mt=8
Google Playstore
https://play.google.com/store/apps/details?id=com.lbx1.app
LBX PAY - Upon downloading the app version of LBX, this is the section where customers can do different function of the LBX enhanced service payment such as: direct conversion of fiat to cryptocurrency and vice versa, depositing and withdrawing funds from transaction covered, and served as a market place for third party services which can easily be process in the LBX Pay.
LBX SECURITY TOKEN EXCHANGE - I think this function is yet to try but the LBX goal is to create a secondary trading platform that will ensure investors who want to trade with low risk factor and to continue the way of traditional securities investment method. As of now, LBX is already on agreement with leading technology provider to facilitate this trading facility for security tokens.
LBX CUSTODY / DIGITAL CUSTODY - LBX already secured a custody license to handle traditional assets so in the future their operation could expanded not only on cryptocurrency but also on traditional funds. Good news is their working already with a leading cold storage provider to accomplish the technology required for this product. This product will boost the LBX ecosystem once operation commence.
LBX PEG - This is my favorite product. LBX continuosly working to create a blockchain based payment wherein our fiat currency can be stored on an electronic wallet maybe same as atm but we can received representation equal to its value via a blockchain ledger. Once this product finish, we can have a digital monetary currency which can be used to spent on a platform.
CONCLUSION
To summarize the LBX project, their product as a whole support multiple capabilities which other exchange app lack.
First, they offer a multi-layered bank grade security which is a high level of secured protocol. Some exchange don't have this, but I will not mentioned those platform.
They have a licensed for conducting financial trading of fiat and crypto monitored by external institution. Only verdict is still limited for now.
Their provide a nice UI design, friendly user app, that is fast and easy to use even for beginners.
They are continuing to expand the operation outside the heart of London and I'm excited about this.
Website: https://lbx.com/
Facebook: https://www.facebook.com/LondonBlockExchange
Twitter: https://twitter.com/LBXSocial
Whitepaper: https://hub.lbx.com/hubfs/token-sale/LBX_Whitepaper_v1.0.pdf
#tokensale #lbxrealcrypto #lbxpay #LBXu #LBXPeg #lbx
Creator of this article:
Bitcointalk Forum URL:
https://bitcointalk.org/index.php?action=profile;u=1269701
Bitcointalk Forum username:
cryptoaddictchie
eth address: 0x2981f6554aC5519Fec7ba96a3A799d81C683199C