LCX (LCX)
LCX is an ERC-20 token launched on the Ethereum platform, serving as the utility token of the Liechtenstein Cryptoassets Exchange. This blockchain ecosystem supports trading and transactions, including LCX Terminal subscriptions and other fees within its network.
Overview of LCX
The Liechtenstein Cryptoassets Exchange (LCX) is a blockchain ecosystem aimed at professional investors. The LCX Terminal provides advanced crypto trading software that enables trading on all major cryptocurrency exchanges through a single interface. LCX is also developing a compliant security token platform for the issuance, storage, and trading of cryptocurrencies, tokenized securities, and digital assets, pending regulatory approval.
| Ticker | LCX |
| Category | Finance / Banking |
| Website | https://www.LCX.com |
| @lcx | |
| Telegram | JoinLCX |
| Contract Addresses | |
|---|---|
| ethereum | 0x03...41 Copied! |
On December 30, 2020, LCX achieved a significant milestone by securing eight licensed registrations, becoming the first cryptocurrency platform to accomplish this in Liechtenstein. This achievement allows LCX to offer a wide range of blockchain services to customers. According to Monty Metzger, CEO and Founder of LCX.com, "LCX Exchange is a new generation of cryptocurrency exchange. 2021 will be the year of blockchain innovation, and we see crypto compliance as key to success."
The license approvals cover a compliant crypto exchange (Exchange Service Provider), digital asset and crypto custody (Token Depositary and Key Depositary), reliable price oracles (Price Service Provider), KYC, AML, and crypto compliance services for tokenization and other blockchain projects (Identity Service Providers), safe and secure smart contract creation and delivery (Token Generator), and a token offering platform (Token Issuer on behalf of clients).
LCX management
LCX is a technology-focused company that has expanded into cryptocurrency, establishing expertise in blockchain and banking. The management team consists of experts led by Monty Metzger. Metzger, the CEO and founder, is also the chairman of the board. He is a seasoned internet entrepreneur and thought leader on digital futures.
Monty Metzger founded his first internet company in 1998 and has since co-founded various tech companies. His career includes co-founding a future technology consultancy with offices in Beijing, Munich, and New York City, becoming a business angel and investor, and co-founding Digital Leaders Ventures in Luxembourg in 2014, where he served as a General Partner.
LCX Exchange
The LCX Exchange is a regulated trading venue offering a variety of digital currencies. It provides a sophisticated trading platform for security tokens and other cryptocurrency assets. LCX aims to meet the stringent standards of institutional investors by offering stability, transparency, and auditability. The exchange features a high-performance matching engine that delivers robust stability and service quality tailored to professional investors. The interface supports multiple languages, including English, German, and Chinese, with plans for additional languages in the future.
Advanced trading tools
LCX employs advanced trading tools to enhance transaction convenience. The platform supports various order types, including limit orders, stop-loss orders, and OCO orders. Customers have access to detailed trade and performance records, enabling easy data analysis and organization through visual and analytical tools. These reports are available in CSV and API formats, catering to diverse clients, from day traders to large financial institutions.
About LCX token
The LCX Token is an ERC-20 token on the Ethereum platform, serving as the utility token of the Liechtenstein Cryptoassets Exchange. It can be used for trading and transaction purposes, such as LCX Terminal subscriptions and other fees within the LCX ecosystem. The official contract address is 0x037a54aab062628c9bbae1fdb1583c195585fe41.
- Token name: LCX Token
- Token symbol: LCX
- International Token Identification Number (ITIN): 3YJF06QR7
Tokenomics
The initial total supply of LCX was 1,000,000,000 coins. Through planned coin burn events, the supply is gradually decreasing. LCX has conducted five token burns since 2019, resulting in 50 million tokens burned. Currently, LCX has a circulating supply of 567,662,546 tokens and a total supply of 950,000,000 tokens.
LCX has announced a Deep-Cold Storage for its reserve of 100 million LCX Tokens, locked until June 1, 2023, enhancing security for token users.
LCX Vault features
LCX Vault is a multi-category custody solution for digital assets, compliant with Liechtenstein blockchain laws. Its features include:
- Decentralized self-custody: Clients have full control of their digital assets through hardware wallets and partner wallet solutions.
- Hybrid custody: Integrated digital asset protection at LCX, offering secure and flexible transaction conditions.
- Cold storage: Advanced cryptocurrency custody audited to the highest physical security standards.
Purchasing LCX tokens
To buy LCX tokens from the official website:
- Register at LCX: https://accounts.lcx.com/register
- Log in to your LCX account using your email and password.
- Verify your account.
- Deposit Ethereum or Bitcoin into your LCX Wallet.
- Access the "Convert to LCX Token" tab and select the desired quantity for purchase.
- Receive LCX tokens almost instantly after confirmation.
Utilizing LCX tokens
LCX Tokens can be used for various transactions and trading purposes on the platform, such as paying for the LCX Terminal Pro Account subscription. The token is also available on third-party exchanges like Liquid.
Benefits within the LCX ecosystem include:
- Up to 50% reduction in trading fees on the LCX Exchange.
- Full access to the LCX DeFi Terminal, with features like limit orders on Uniswap.
- Access to expert user features on the LCX Terminal with monthly LCX token fees.
- Fee payments for LCX Vault and crypto custody solutions.
LCX token exchange listings
The LCX Token is listed on several third-party cryptocurrency exchanges, each offering different market pairs. An overview of these exchanges is available on CoinMarketCap and CoinGecko. Some notable listings include:
- Liquid Exchange: LCX/USDC, LCX/ETH, LCX/BTC
- HitBTC Exchange: LCX/BTC, LCX/ETH
- IDEX Exchange: LCX/USDC, LCX/ETH
LCX token burn
LCX implements a transparent process to reduce token supply through periodic token burns. 100% of LCX tokens used in utility transactions are burned every four months, with reports published on the number of tokens burned. This strategy aims to gradually decrease the token supply.
LCX referral program
LCX offers a referral program that rewards customers for introducing new users to the platform. Account holders can participate by sharing their referral link. For each new user who registers and upgrades to an LCX Pro Account, the referrer receives 100 $LCX Tokens and 50% of the subscription fees.
Partners of LCX
LCX collaborates with notable technology and business partners, including Animoca Brands, BioID, Blockchain Research Institute, Chainlink, Elliptic, FinTank, Global Digital Finance (GDF), Icon Foundation, JUN Capital, Ledger, Liquid, LunarCRUSH, Pliance, Regula, Sele Frommelt & Partner, Security Token Alliance (STA