Speculative investment and trading plays a huge role in the cryptocurrency landscape as it is today. The extreme volatility creates a playground for traders and investors that know what they’re doing. It’s possible to generate incredible rates of returns and turn a small starting investment into something incredible.
Of course, there’s no guarantee of making money and the cryptocurrency space doesn’t come without its fair share of issues. Since this is a nascent space, things are advancing quickly. But there is also a lot lacking, like user safety and regulation.
LCX is an advanced crypto trading platform that’s aiming to change the cryptocurrency game with a vast suite of existing products, and there are more on the way.
What is LCX?
LCX is a multi-exchange crypto trading platform headquartered in Liechtenstein, Europe. LCX has a bold vision: “to become one of the world’s first licensed and supervised security token exchanges as a regulated marketplace for digital assets.”
They aim to achieve this by building a client-centric product that’s driven by advanced technology, while providing a secure trading platform that sets new standards for financial reporting and regulatory transparency.
Let’s dive into the LCX product suite.
The LCX Terminal puts everything you need to be a successful trader in one place. There are 15 exchanges you can connect to which are then all accessible within one simple interface.
Beyond this, LCX aggregates real-time data from numerous sources to keep you as informed as possible. Market news, price alerts and analytics are vital parts of a traders success and now with the LCX terminal crypto traders can see everything they need within one solution.
Furthermore, the LCX Terminal has a built-in reporting function which makes analysis a breeze. Traders can evaluate their performance and optimize their strategy with ease.
One of the key features of LCX is the ‘multi-exchange’, which is powered by LCX Smart Order within the LCX Terminal. This feature aims to provide traders with the best trading price across multiple exchanges.
This is achieved by using smart order routing between exchanges. All you have to do is link your active exchange accounts to the LCX Terminal then when you place an order the terminal will immediately determine on which linked exchange you can get the best price and execute the trade on your behalf.
LCX is aiming to build and launch a security token platform which will be used for issuing, managing and trading security tokens. This platform is currently in the works and aims to launch once regulatory approval is obtained.
The LCX token has been a hot topic recently due to its meteoric rise in price. If you’re not already in the know, the LCX token is the native utility token for the LCX platform. It can be used to pay all fees associated with services offered by LCX.
LCX has appointed a minimum utility value to the token of 0.1 USD, which means if you use the token on their platform, the value of the token towards payment will never be less than 0.10 USD. For example, if you are paying a fee of $1 and the token happened to be trading at less than $0.10 USD, LCX would value every token at 0.1 USD. However, if LCX was trading above $0.10 USD, the market price would be used as the value of LCX.
What’s interesting about the LCX token is the tokenomics. LCX has committed to burning 100% of tokens that are deemed ‘used’ which means that every LCX token received by LCX through fee payments will be burnt on a quarterly basis. The most recent token burn was on July 1st, which burnt 0.15% of the supply, 1,411,400 tokens.
A vision of compliance and security
LCX plans to build new infrastructure to support this industry, with a focus on compliance and regulation. They have pledged to invest in building more advanced KYC and AML technologies to improve security levels in the industry. The LCX team states that they are in continuous discussions with regulators and policy makers and they will have regular security and financial audits on top of frequent compliance reviews to ensure their customers that they are operating above board while attempting to bring the crypto ecosystem forward.
LCX is a comprehensive trading platform that has a number of tools that could enhance the daily activities of traders and enable them to increase their profitability. By using smart order routing LCX is able to provide a service that executes trades at the best price across 15 different exchanges with minimal latency.
Furthermore, LCX is actively pursuing approval to release an STO platform and they are reportedly actively working with regulators to keep their platform on the right side of the law.
The Daily Chain
*This article has been sponsored. The Daily Chain encourages you to carry out your own research before you make any form of investment and educate yourself about how to stay safe in the crypto space.