Relatively recently, Blockchain technology and virtual currencies have provided mankind with a number of new opportunities, including the process of decentralization, maintaining user privacy, as well as providing independence from banking systems. However, despite a number of the above advantages, the modern crypto industry is far from perfect and has a number of disadvantages.
The first and most significant is the low level of security that is associated with the need to enter certain keys to access the tools. Thus, if the owner forgets the keys or loses them, he will no longer be able to restore access. In case of theft of keys by the malefactor means will forever pass into his hands, and the real owner won't be able to prove anything.
The second drawback is the lack of communication with the banking system, which does not allow direct exchange of cryptocurrencies for Fiat, and therefore prevents their use in everyday life.
The third problem of the modern crypto industry is the lack of state control over the exchanges of crypto-currencies, which contributes to an increase in fraud in this area, and also leads to a loss of trust on the part of customers. Thus, an increasing number of exchanges lose customers and stand idle.
Among the other problems of this industry is the low liquidity, high correlation, the tendency of the market to manipulation and the lack of educational content in cryptocurrency exchanges.
The solution to all the above problems will be a new project called London Block Exchange.
Project objective
The main goals of the platform developers are:
- security of virtual currency owners ' funds;
- providing an opportunity to exchange cryptocurrency for Fiat and back;
- providing the possibility to use virtual currency for payment for goods and services;
- the creation of a convenient interface to manage crypto assets;
- creation of a platform working within the legislation of most countries of the world;
- increasing liquidity of virtual currencies;
- providing novice users with training materials.
Principle of operation
The first thing that the developers of the London Block Exchange platform for the exchange of virtual currencies will pay attention to is a high level of security and high bandwidth. So, for the platform will be used Rackspace server with a capacity of up to 1 million operations per second, which have the 1st level of protection of the banking class. The same servers are used to encrypt NASA data. It is worth noting that engineers from Pentest People have indicated a high level of security of the exchanger and its applications. It is also important to pay attention to the fact that cold storage facilities are used to store customer funds, providing a minimum risk of theft of virtual currency.
It is worth paying attention to the fact that only the most reliable cryptocurrencies will be included in the listing of the LBX exchange, which meet the legislative norms of the countries and the requirements of the site itself.
For maximum ease of use of virtual currencies and exchange, the developers have released an application developed by premium designers, featuring an intuitive interface. At the moment it can be downloaded in Google Play and AppStore.
In addition, the creators of the platform provided customer support. Thus, having found any problems in the operation of the platform or not having understood the operation of a particular function, the client of the platform can always ask for help from a highly qualified team of specialists, who can answer almost any question, while providing additional recommendations. Also, within the framework of the site, users will be able to use training materials.
Thanks to the cooperation of London Block Exchange with banks in the UK and some banks in Asia, Africa and the Middle East, users will be available to the service of "quick payments", which will allow the use of cryptocurrency to pay for goods and services like Fiat money.
No less important is the fact that the exchange complies with all UK legislation and prevents money laundering.
The London Block Exchange will also have its own token, which will allow you to receive discounts on the exchange and use additional services of the platform – LBXu. It can be purchased within the ICO.
Dates and details of the ICO
In the framework of public sales, which starts the 7th of December this year and be completed in 25 months, will be implemented to 62.5 million coins LBXu. It is important to note that the sale will be held every month from the 7th to the 15th. The cost of 1 LBXu – 0,001 ETH.
The distribution of tokens and funds is as follows:
Conclusion
The creation of a secure platform for the exchange of virtual currencies with training programs, a guarantee of protection of funds, the possibility of using Fiat, as well as a convenient and understandable interface can interest not only members of the crypto-currency community, but also ordinary people. This in turn provides the London Block Exchange platform with a huge audience and guaranteed growth.
Therefore, investors should pay attention to the potential of this site and think about investing in its development.
Official resources of the London Block Exchange project:
WEBSITE: https://lbx.com
TELEGRAM: https://t.me/lbxcommunity
WHITEPAPER: https://hub.lbx.com/hubfs/token-sale/LBX_Whitepaper_v1.0.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=5052408.0
FACEBOOK: https://www.facebook.com/LondonBlockExchange
TWITTER: https://twitter.com/LBXSocial
MEDIUM: https://medium.com/@LBXSocial
REDDIT: https://www.reddit.com/r/LondonBlockExchange/
INSTAGRAM: https://www.instagram.com/london_block_exchange/
LINKEDIN: https://www.linkedin.com/company/londonblockexchange
YOUTUBE: https://www.youtube.com/channel/UCByDYKtr2fWY9MnN0Rj2aVQ
AUTHORSHIP:
MY BITCOINTALK USERNAME: klimenok1991
MY BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=1238493
MY ETH ADDRESS: 0x90051516FC3451D7bF1b5e7D0A4486757FC81C32
UNIQUENESS 100%: https://text.ru/antiplagiat/5c09129c7c697