LCXPrice

(LCX)

LCX is a regulated blockchain ecosystem specializing in the tokenization of Real-World Assets (RWAs). Its uniqueness stems from operating under the stringent Liechtenstein Blockchain Act, making it one of the most compliant platforms in the crypto space. Unlike many other exchanges, LCX prioritizes acquiring full legal licenses for every service it offers, including custody, trading, and asset issuance. This commitment to robust regulatory frameworks establishes a crucial bridge between traditional finance and the evolving crypto world, emphasizing security and legality in all its operations.

The LCX token serves as the essential "fuel" for the entire ecosystem, providing multiple functionalities. Holders benefit from significant fee discounts, potentially up to 50% on trading fees on the LCX Exchange. It also acts as "gas" for businesses leveraging LCX's framework to tokenize assets. Furthermore, LCX tokens are often required for participation in regulated token sales (ITOs/STOs) on the LCX Launchpad, covering associated fees. The token is also integral to products like LCX Earn, where it's used to sign and secure offerings that provide fixed yields on tokenized bonds.

Yes, LCX is a fully regulated entity supervised by the Financial Market Authority (FMA) of Liechtenstein. This implies a high level of transparency and adherence to established financial laws. LCX holds multiple official registrations, including classifications as a TT Exchange Provider, TT Token Depositary, and Physical Validator. This robust regulatory foundation ensures that all operations meet strict legal standards, fostering trust and security for users. Additionally, LCX has formally submitted pre-applications for the Pan-European MiCA (Markets in Crypto-Assets) license, demonstrating its commitment to expanding compliant operations across 30 EEA countries once fully implemented.

LCX implements institutional-grade security measures to protect user funds and data. While it is a centralized exchange, its security protocols are continuously upgraded. Following a hot wallet incident in January 2022 where approximately $8M was stolen, the project took significant steps, including fully compensating affected users and substantially enhancing its security infrastructure and insurance coverage. This proactive approach to addressing security challenges, alongside its regulatory compliance, underscores LCX's commitment to maintaining a secure environment. All users must complete Identity Verification (KYC) due to its status as a regulated financial institution, further bolstering security.

The LCX ecosystem features several innovative products bridging traditional and digital assets. Tiamonds is a prominent example, tokenizing real-world diamonds into unique 1-of-1 NFTs, each backed by a physical diamond stored securely. LCX Earn provides a platform for tokenized bonds, like the EURt7 bond, enabling users to earn fixed annual returns in a legally compliant manner. Additionally, the LCX Physical Validator plays a crucial role by officially verifying the existence of physical assets, such as gold or diamonds, before their corresponding tokens are minted, ensuring true asset-backing for digital representations.

The LCX token has a clearly defined maximum supply of 950 million tokens. A very high percentage, approximately 99% or more, of this maximum supply is currently in circulation. This significant circulating supply means that there is minimal risk of future dilution for token holders due to unlocks from team, advisor, or other allocations. This transparent and stable supply structure is a key aspect of LCX's tokenomics, providing predictability and reducing concerns about unforeseen market impacts from new token releases.