Thread by @UtilityTheory

How safe is your $$$ on your crypto exchange?

Learn why this hidden exchange few people know about has HUGE potential over the next 3 years💎

(And why regulated exchanges are the future)

-THREAD-

$LCX #fintech #CEX #blockchain #discussions #4IR

1) First of all storing only a small amount of crypto is safe on an exchange.

If you own crypto you should also own a cold storage wallet to safely store your crypto.

But when it comes to exchanges a regulated exchange is safer than an unregulated exchange.

2/ Unlike most unregulated crypto exchanges

LCX Exchange is a compliant digital asset exchange under the blockchain registration as Exchange Service Provider in Liechtenstein, Europe

It provides a Regulated fiat on-ramp for crypto purchases for enterprise and retail users

$LCX

3/ Some of LCX's objectives are to be:

1. Secure while introducing new standards for regulatory transparency and reporting
2. Technology-driven while delivering a customer-centric client experience
3. Focusing on crypto-assets while offering the full set of blockchain services

4/ What does $LCX have to offer?

• Regulated Digital Asset Exchange
• No connection with Tether (USDT)
• Future Digital Security Token offering
• Defi swap terminal that allows limit orders for Uniswap
• 8 blockchain-related registrations by the Financial Market Authority

5/ LCX Defi Terminal:

This is great for professional traders because if you hold 10,000 LCX you get access to their PRO terminal which allows you to set limit orders for any trading pairs on the Uniswap DEX.

Clean UI and easy to use.

6/ Team Members of LCX Exchange:

Looking at the team, it is made up of high-level officials that have a good past track record.

Transparent on linked in with no signs of shadiness.

7/ Who are some of LCX Exchanges partners?

• $LINK - Price Oracles
• $DOT - Interoperability with DOT ecosystem
• $HEDERA - Digital Security Token infastructure
• $QNT - Enables Blockchain / DLT Interoperability
• $DAG - L_0 token interoperability & securing trade data

8/ Continued ⬇

• $ZIL - Uses LCX for compliant token sale
• $CELO - Easy access mobile blockchain network
• $DGB - Regulatory compliant token launch on LCX
• $ICON - Security Token Infrastructure with LCX & ICON interoperability

More Partners: lcx.com/info/ecosystem/

9/ LCX also has a strategic partnership with Regula Forensics

They're the world leader in supplying solutions for border and immigration control, as well as secure document examination

Regula’s technology provides LCX’s KYC / AML process used for LCX Terminal & Exchange.

10/ The Best For Last:

World Economic Forum

“LCX is aligned with the World Economic Forum to engage in this process and shape the exploration and experimentation of DLT for global financial and monetary systems"

Check out the full article below 👇

businesswire.com/news/home/2019…

11/ Tokenomics of LCX:

The LCX Token has been issued by LCX AG in full compliance with applicable laws and regulations in Liechtenstein.

LCX Token can be legally classified as a utility token according to the US, Singapore, European and Liechtenstein law.
👇

12/ A deeper look into the tokenomics,

Currently, we are only at a 150 million market cap which is TINY for a regulated exchange that is consistently building.

Over the next few years, as regulatory clarity prevails, we could see huge exponential growth in LCX's ecosystem.

13/ In the future, we also need to think about blockchain regulation.

Regulators do NOT like unregulated exchanges, so we could see a shutdown of unregulated exchanges in the future.

If this was to ever happen, users would have to migrate to regulated exchanges.

#fintech

14/ The last cool thing I want to mention about what LCX is building

They are building a blockchain network to tokenize the diamond market. #Tiamonds

NFT's that represent ownership of real-world diamonds.

#NFTs #LCX #fintech #diamonds #tokenization #innovation #4IR

Thanks for reading!

If you got value from this thread and want more content like this:

1) Follow me @UtilityTheory
2) Give the first tweet a retweet

Let me know what you think of $LCX!

This is for entertainment purposes only and NOT financial advice.

If you liked my content on LCX and want to try the regulated exchange

Feel free to use my referral link to Receive 50 LCX for a Signup Bonus!👇

accounts.lcx.com/register/?refe…

Disclaimer: I own some $LCX but was not paid by anyone for this post.

Cheers, Citizens of the Future!

New #LCX update since posting the thread:

@threadreaderapp unroll