2.2 k views

LCX: The Ideal Blend of Legal Infrastructure and a Tokenization Platform

The Liechtenstein Cryptoassets Exchange, LCX, is the newest contender for being a category leader in the blockchain industry. The platform seeks to provide a blockchain ecosystem for the crypto and fiat financial industries. 

LCX has its roots in fintech and has been around since 2017. Through various products, the platform is looking to tokenize everything. LCX aims to innovate capital markets and provides solutions for compliant digital assets and security tokens. 

LCX’s Birth

The brain behind LCX, Monty Metzger, has been a blockchain advocate since 2013. He has been vocal about blockchain technology’s and cryptocurrencies’ disruptive power. However, the realization that the missing regulatory framework kept Digital Leaders Ventures, his venture capital fund, from participating and investing in blockchain and cryptocurrencies propelled him to find a solution. 

Thus, Monty sketched out LCX’s plan on a napkin to solve professional investors on 27th November 2017. LCX’s vision is to bring the power of blockchain technology to the banking and financial world. Its chief goal is to become the world’s first licensed and supervised blockchain ecosystem for investors. 

So, how does LCX intend to achieve this? 

LCX’s infrastructure will focus on all aspects of compliance and regulation. In addition, developers are looking to build AML and KYC solutions for consumers and enterprises. These solutions include surveillance for crypto deposits and withdrawals and on-chain analytics. 

LCX Blockchain Ecosystem

LCX is looking to provide a solution for the fiat and crypto industries. As such, the developers designed the ecosystem to accommodate both industries. This unique feature puts LCX on its way to becoming a global category leader. 

LCX’s blockchain ecosystem entails six key components that make it easier for the company to provide industry-leading crypto asset products and services. First, let’s have a look at the elements of the ecosystem.

LCX Terminal

The terminal is LCX’s primary product and provides some unique services compared to similar market platforms. For example, the terminal supports multi-exchange trading, allowing users to trade in up to 15 platforms through a single interface. 

Users get all the tools they need for professional and advanced crypto trading through the terminal. You get real-time data from significant crypto markets, instant trading, news, and analytics for retail and institutional investors. LCX terminal also provides sophisticated portfolio management. 

LCX Assets

Another essential aspect of the financial world is asset management. LCX provides this service through the Assets platform for both fiat and crypto-assets. The platform issues various tokenized assets. It also helps to manage security token emissions. 

LCX plans to launch this STO platform after obtaining the necessary regulatory approvals. 

LCX Reference Price Services

LCX launched the LCX Cryptocurrency Reference Price Services, a service that became regulated in 2020 by the new Liechtenstein Blockchain Laws as Trustworthy Technology Reference Price Services. Operators of the TT Price Services and other blockchain-based services are supervised by the Liechtenstein Financial Market Authority (FMA).

The LCX Cryptocurrency Reference Price Services includes four different reference prices called 1) the LCX Bitcoin Reference Price (BRP) in USD and Euro and 2) the LCX Ethereum Reference Price (ERP) in USD and Euro.

The LCX Cryptocurrency Reference Prices is an expansion and improvement of several prices referencing features and proprietary solutions developed and offered by the LCX AG as a part of our LCX Terminal platform since 2019. Following positive feedback and encouragement from our users, we are taking our pricing services to the next level.

LCX Exchange

This part of the ecosystem is yet to be launched. The exchange will provide a regulated marketplace for security tokens and other crypto assets. 

Some of the exchange’s key features include a scalable infrastructure, a secure backend, and a high-performance engine. The exchange will cater to English, German, and Chinese, with other languages rolling out in the future. In addition, users on the exchange will have access to advanced trading tools and portfolio management

LCX Vault

LCX Vault is a multi-category custody solution for digital assets under the Liechtenstein blockchain laws. LCX Vault will offer three main categories of asset protection:
– Decentralized Self-Custody: providing clients full control of their digital assets via hardware wallet integration and partner wallet solutions.
– Hybrid Custody: seamlessly integrated digital asset protection at the LCX platform, enabling clients to securely perform transactions while maintaining flexibility, speed, and convenience.
– Cold Storage: Institutional grade cryptocurrency custody, audited, insured, and at the highest physical security standards.

LCX provides institutional-grade custody for cryptocurrencies and digital assets. In addition, LCX has developed a proprietary bank-graded cold storage solution applying the highest cryptographic and physical security standards. 

LCX Token Explained

LCX’s utility token is the LCX token ($LCX). The token is exchange-based, and users on the platform can use it to pay for any LCX-based services. It also doubles up as a voucher to pay terminal subscription fees, exchange fees, and other fees within the blockchain ecosystem. 

Independent factors like supply and demand will determine $ LCX’s value within the ecosystem. But, as an incentive, the token’s price will equal $0.10 or the determined market price (whichever will present a higher value) whenever users spend $LCX within the system. 

At the time of writing, LCX’s market cap is $6.67 million. It has a total supply of  956.682,375 LCX, with 629,038,953 LCX in circulation. LCX is listed on eight exchanges, including IDEX, Liquid, and CoinsBit. Its popular trading pairs include LCX/BTC, LCX/ETH, and LCX/USDC. 

Verdict From the Author

Undoubtedly, LCX presents an adjoining use-case solution. That’s because, when you look at the time cryptocurrencies stormed the fintech industry, there has been a tug of war over the digital and traditional financial systems. 

On the one hand, cryptocurrencies promise to revolutionize the financial system, while, on the other, the conventional system fires the shots of global acceptance. 

To bridge the confusion between the two rationales, LCX promises to offer a viable solution for both the fiat and crypto industries, focusing on professional investors. But, of course, this is music to every investor’s ears. 

Bitcoin live price
price change

Even so, as an ever-growing project, it is only a matter of time before the platform tokenizes the crypto space with stunning exquisite features. 

Stay up to date with our latest articles

More posts

Grove Token – The DeFi Ecosystem Building a Healthier and Wealthier Future

Grove Token is a decentralized, secure, digital finance-backed investment business. Through its digital currency, GroveCoin ($GRV), it aims to create wealth for all "Grovers" (holders) and help build a healthier, wealthier future for everyone. The project is building a far-reaching, environmentally-impacting green plan to overcome and compensate for the years of abuse that traditional crypto mining practices have had on our planet. This plan includes an Ethereum-forked, QBFT-Proof of Authority blockchain, DeFi products, a Metaverse, and sustainable future farming solutions.…

ArtHouse Spirits DAO – Where NFTs Have Real Luxury Asset-Backed Value

ArtHouse Spirits DAO (AHSD) is the world's first-ever closed community of high-net-worth individuals leveraging web3 technology to help its members earn and enjoy handpicked luxury assets. Becoming a member of this exclusive club is easy for NFT enthusiasts, collectors, spirits lovers, and anyone with a knack for top-echelon items. AHSD has 20,000 Membership NFTs for sale, which you can buy here. Each NFT gives exclusive access to the ArtHouse Spirits DAO, including rare benefits, physical perks, VIP events, voting rights,…

Do Not Buy Token Builds Safe Space where People Can Report on Crypto Fraud and Rate Projects

Do Not Buy Token (DNB) is an emerging crypto project seeking to increase transparency in the crypto world. Recently, it announced the imminent launch of Platform X, a new project aiming to bring all the information on crypto rugpulls, frauds, and scams in the same place. The platform will offer a safe venue for users to share their bad experiences with crypto projects, exchanges, and influencers. Platform X users can earn DNB Tokens for contributions like reviews and community discussions.…

TWTStake – Staking in TWT Token’s Decentralized Community Pool

Cryptocurrency staking is a rapidly growing industry, and TWTStake is one of the latest projects to enter the space. With its new crypto staking approach, TWTStake created a platform for users to stake their TWT tokens and earn rewards. From its staking model to its referral program, TWTStake offers users new ways to maximize their returns from TWT staking. This article will explore how TWTStake works and its roadmap for future developments. What Is TWTStake? TWTStake is a decentralized and…

DevourGO – The Secret Weapon of the Digital Foodie: The Industry No-Fee Delivery Pass

In the post-pandemic era, common real-world practices such as ordering food have crossed into the blockchain space, spurring a new type of consumer - the digital foodie. Devour is a Web3 company, and digital community, transforming something as common as food delivery into a blockchain-based experience with multiple earning opportunities. Its main product, DevourGO, is the first-to-market web3 food ordering & delivery marketplace jam-packed with perks and rewards for active users, restaurants, and more. The Industry is Devour’s digital No…

DevourGO: World’s First Food Ordering Platform Rewarding Web3 World with Exclusive Restaurant Perks

Devour, a Web3 company and digital community has just launched the first-to-market web3 food ordering & delivery marketplace, DevourGO. The platform allows you to pay for food with crypto and unlock promotions and exclusive items with your NFTs or digital collectibles. For now, the service is live in NYC but expanding nationally soon. Its creators strive towards building a community that knows web3 is important to the future of hospitality. Shelly Rupel, Devour’s CEO, said: DevourGO was built by people…

Pterosaur Finance – Unlocking DeFi Yield with NFTs on Avalanche

Pterosaur Finance is a new player in the DeFi sphere that aims to unlock yield with NFTs on Avalanche. It combines a gaming economy, NFTs, and the opportunity to earn a passive income through crypto. This new project will provide users with a new native token (PTER) and a range of NFTs. It also has a decentralized governance structure and an innovative liquidity mining program. Today's review aims to introduce Pterosaur Finance and its features fully. In addition, we will…

SpaceCatch – Unlock the Power of Your Movements in the Blockchain Gaming World

SpaceCatch is a project that seeks to change the industry with its move-to-earn concept. By leveraging the power of their movements, players can craft and heal themselves while contributing to an NFT-earning system. This all-inclusive community offers equal opportunities for all users, helping create a strong core player base. With its storyline and tokenomics structure, SpaceCatch expects to make waves in the crypto world. The Concept of SpaceCatch SpaceCatch, an augmented reality RPG, is set in a sci-fi world with…

The Crypto App – An All-In-One Solution for Different Types of Crypto Enthusiasts

The cryptocurrency market is growing rapidly, and with it, the demand for tools to help crypto users on the market. The Crypto App is an advanced tool designed to meet the needs of experienced investors and new market entrants. This all-in-one solution provides users with various features, such as portfolio management, real-time alerts, and more. With its user-friendly design and tools, the app offers a suite of solutions for anyone holding virtual tokens. Today's review will explore the features and…

ViceHub – The Home of Satirical NFT Art on the Blockchain

ViceHub is a Solana and Ethereum-based NFT marketplace aiming to become the go-to platform for NFT art focusing on satire, parody, and meme comedy. The project is fresh on the market but has already debuted its first collection of satirical art. For example, the Lolita Adventures NFT series includes 26 NFTs, each a humorous portrayal of Bill Clinton's flight onboard the infamous "Lolita Express" private jet with Jeffrey Epstein. The auction for the first Lolita Adventures NFT, Flight One-II.IX.MMII is…