It is no news that blockchain technology is gaining traction in different spheres of the world's economy and none more so than the financial landscape. However, a major downside seems to be the noticeable divide between the traditional fiat economy and crypto finance.
The management of funds within the the cryptosphere is also very hectic in the sense that you are forced to manage different portfolios in varying crypto exchanges due to the absence of all cryptoassets on one platform.
Now, if you fall into the category of people who have been worried by the aforementioned problems or have even tried drafting a solution, you need not worry anymore as the solution has arrived
Introducing LCX
The Liechtenstein Cryptoassets Exchange is aimed at becoming one of the foremost licensed banks which will unite traditional and cryptoassets. The initial product of LCX which also makes the project an interesting proposition for seasoned investors is the LCX Terminal. The LCX Terminal offers a sphere which enables individuals to trade on several major exchanges within the confines of a single interface.
In the near future, LCX has plans to commence transactional banking for fiat and crypto which will be termed LCX Banking, a crypto custody service called LCX Vault, an exchange for crypto assets called LCX Exchange and finally a variety of tokenized securities called LCX Assets.
Tokenomics of LCX
The official token within the LCX ecosystem has a ticker "LCX Token" and it will serve as a utility token used as payment for several services within the ecosystem. Total supply of LCX stand at 1 billion with a unit price of $0.1.
The team also intends to implement a verifiable method of token burn where all LCX tokens received as payment will be burned on a quarterly basis.
Closing thoughts
I might not know what you will appreciate most about LCX. However, for me, it is the opportunity to manage my raft of cryptoassets within the confines of one platform, cutting out the need to deal with several tabs simultaneously.
If you intend to learn more about LCX, I have provided some useful links in the description below.
Official Website: https://www.lcx.com/
Vision Paper: https://www.lcx.com/wp-content/uploads/LCX-Vision.pdf
Token Economics: https://www.lcx.com/wp-content/uploads/20190909-LCX-Token-Economics.pdf
Twitter: https://twitter.com/lcx
Telegram: https://t.me/JoinLCX
YouTube: https://www.youtube.com/channel/UCNj78acRE-ywQPim-wZ8RTQ
LCX Terminal Email: tbossmitche05@gmail.com