London Exchange Tokens (LXT) are the native currencies of the London Crypto Currency Exchange (LCCX).
LCCX is a new crypto currency exchange that intends to bridge the gap between the exchanges for the traditional assets and the exchanges for the crypto market. LCCX prides itself in the security measures and the consumer-focused mission it will offer (more details here).
LXT Token Potential
The London Crypto Currency Exchange has built an ecosystem where the LXT tokens are essential to operations. This is an important factor as any token that aims to retain value must be essential to the functioning of a project.
LXT tokens will be used to pay the fees on the LCCX and to reward affiliates. This means that the token is not only a key to the exchange's financial operations, but also its marketing. This is a step ahead of the token utility model utilized in the past by exchanges. Most exchanges utilized the native token for fees, but paid affiliate in Bitcoin. The London Crypto Currency Exchange is adding an additional layer of utility to its native token by ensuring all interactions with this exchange need some degree of utility from the LXT token.
LXT Token Metrics
LCCX's team has stated that the portion of every year's profits will be dedicated to buying back LXT tokens, thereby the tokens are guaranteed a perpetual reduction. While the crypto market is expected to face growth, LCCX tokens will be facing a decrease in supply.
This offers a dual positive shock on the token price. Both increase in demand and decrease in supply are price increase factors.
Additionally, the team's tokens are vested for 18 months. This ensures that the team's best interest is on ensuring the project succeeds. Such an agreement motivates the alignment of investor interests with the team's interests. The founders succeed if they are able to deliver success to the token investors.
Token Sale
LXT token sale is live and 60% of all tokens are available in the crowd sale. The minimum participation amount is only $ 250, and that allows massive participation, thereby ensuring not only a few hands. The team's strategy to allow large scores of people to be able to invest in the token ensures the risk of having major price shifts being controlled by a limited number of people.
Also, all unsold tokens will be burned. The current token price is based on the expected value of 100,000 tokens. A token burn policy ensures tokens that are not backed by investors any impact of dilution. Instead, they create a positive price impact as net supply is decreased.
London Exchange Tokens are essential to the functioning of the London Crypto Currency Exchange; investors can hold a stake in the success of the LCCX by holding LXT.
Further information :
π Website: https://www.lccx.io/
π‘ Whitepaper: https://www.lccx.io/LCCX-WhitePaper.pdf
π¨ ANN Thread: https://bitcointalk.org/index.php?topic=3046661.0
π» Telegram: https://t.me/lccxico
βοΈ Token Sale: LIVE NOW
Manufacturers: HendrikETW
Profile: https://bitcointalk.org/index.php?action=profile;u=1687040
ETH: 0x196E20f324D35676755e29f68085119fe2966E16
