1.What is LCX?
LCX’s goal is to become one of the world’s first licensed and supervised security token exchanges as a regulated marketplace for digital assets.LCX launched a crypto trading desk called LCX Terminal in June 2019. Furthermore LCX plans to launch a crypto custody services called LCX Vault, an exchange for security tokens and other crypto assets called LCX Exchange, and a variety of tokenised securities called LCX Assets.
2.What are its Products and Services?
LCX is building a financial ecosystem for digital assets to become the new category leader in the blockchain industry. This can be only achieved by combining several key elements.
3.What are the USPs of LCX?
LCX Terminal
LCX Exchange
LCX Assets
LCX Vault
LCX Protocol
LCX Bank
4.What is the LCX Token? LCX Token is ERC20
5.What is the utility of the LCX Token?
The LCX Token is created as a utility Token which may be used to pay all fees associated with the services offered by LCX AG. The LCX Token can be used as a voucher to pay fees, such as fees for LCX Terminal subscription; fees for custodian solutions LCX Vault; fees for exchange transactions for all crypto assets; exchange fees for fiat-crypto-fiat transactions; processing fees; and other fees within the LCX ecosystem.
As LCX will be accumulating LCX Tokens over time, it will implement a transparent and verifiable mechanism to burn LCX in order to reduce the supply of tokens in the ecosystem. LCX will burn 100% of all “used” LCX Tokens, which LCX receives in the payment process of the utility token. LCX will burn these tokens on a quarterly basis and publish the number of tokens burned.
6.Where can you buy LCX Tokens?
Connected to 15 exchanges at the moment — additional Exchanges roll out over time.(Binance, Kucoin, Kraken, Huobi, gemini, bittrex, bitfinex, coinbase, just to name a few)
• Uniform interface — multi-exchange trading via a single, consistent interface
• Performance tracking — real time profit / loss monitoring
• Portfolio management — consolidated portfolio tracking and investment analysis
• Automated trading tools — cross-exchange arbitrage bots; custom trading bots enabled by machine learning
• Strategy marketplace — trading algorithm marketplace; portfolio matching
• Cryptoasset data feed — customisable price statistics.
The LCX Terminal integrates an advanced simulation model to facilitate backtesting of trading strategies against historical price data from existing cryptocurrency exchanges. Successfully backtested models can be monetized on the strategy marketplace.
Tokenomics