LCX- THE WORLD'S FOREMOST BLOCKCHAIN BANK

Blockchain technology is no doubt creating a wave of positive change cutting across different sectors of the global economy. The banking sector isn’t left out from the impact of this disruptive technology. Based on their design to function via a centralized base, banking systems are vulnerable to attacks. Fraud is eminent once access is gained and breached. Blockchain being a distributed ledger can checkmate fraudulence. Blockchain technology also helps reduce the cost of financial transactions as well as increase the speed of these transactions. Currently there are lots of blockchain based companies raising huge sums of money to fund projects and lots of crypto investors making huge profits from crypto investments. However, exchanging crypto assets to fiat currencies can be challenging. As a matter of fact, some traditional banks are hesitant to accommodate crypto related companies because of issues of money laundering and fraud associated with ICOs and cryptocurrencies. The need for a system that provides a smooth transition between fiat and crypto currency is therefore inevitable.

SOLUTION: LCX

LCX is a blockchain bank which offers both traditional banking and crypto related services and enables seamless movement of assets between traditional and crypto markets. Its headquarters is situated at Vaduz in Liechtenstein, a ‘’ crypto friendly’’ country. LCX officially received a business trading licence in November 2018. The bank is also applying to Financial Market Authority to obtain a full banking licence which would enable it offer more banking services. LCX aims to build a long-term sustainable fiat-crypto banking system placing great priority on transparency, security and customer values giving customers satisfactory services.

VISION

The vision of LCX is to revolutionize the banking and finance industry using blockchain technology.

MISSION

LCX aims to become one of the world’s first licensed and supervised blockchain banks to seamlessly blend crypto and traditional assets.

PRODUCTS AND SERVICES

LCX aims to be at the fore front of blockchain banking becoming the new category leader in the field having these key features:

LCX Assets: LCX issues a variety of tokenized financial assets and carries out asset management across crypto and fiat assets. Security token emissions are also managed.

LCX Protocol: LCX protocol is observed as this ensures standardization when security tokens are issued and traded on blockchains.

LCX Bank: to operate fully as a standard bank with standard banking procedures and a full and proper bank licence focusing on corporate banking and still offering crypto banking services.

LCX Terminal: a technical trading desk where the complete crypto asset trading lifecycle across multiple platforms are managed

LCX Exchange: regulated exchange and market place where security tokens and other crypto assets can be traded.

LCX Vault: Secured by Hardware Security Modules, LCX Vault provides an institutional grade custodian solution with multi signature and programmable governance.

 PARTNERS

-Global Digital Finance (GDF)

 promotes the adoption of best practices for crypto assets and digital finance technologies

-Blockchain Research Institute

The Blockchain Research Institute (BRI) is an independent, global think-tank, co-founded by Don and Alex Tapscott.

-Ledger

a leader in security and infrastructure solutions for cryptocurrencies and blockchain applications.

-World Economic Forum

LCX has become a member at the Centre for the Fourth Industrial Revolution of the World Economic Forum, and joins a select group of global companies

LCX TOKEN

LCX token is an ethereum based utility token used as a means of payment for services and transactions within the LCX network. These include fees for fiat-crypto-fiat transactions, custodian solutions LCX Vault, LXC terminal subscription, exchange transactions etc. It is the official token for the LCX network.

 TOKEN ALLOCATION

 32%: Ecosystem                                                                                                             

28%: Development

16%: Team

10%: Reserve

10%: IEO

4%: Seed sale

ROADMAP

TEAM

website: https://www.lcx.com

telegram: https://t.me/JoinLCX

twitter: https://twitter.com/lcx

youtube: https://www.youtube.com/channel/UCNj78acRE-ywQPim-wZ8RTQ

medium: https://medium.com/lcx

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