A BRIEF INTRODUCTION:
Cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrencies are a kind of alternative currency and digital currency (of which virtual currency is a subset). Cryptocurrencies use decentralized control as opposed to centralized digital currency and central banking systems.
The decentralized control of each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.
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Bitcoin, first released as open-source software in 2009, is generally considered the first decentralized cryptocurrency. Since the release of Bitcoin, over 4,000 altcoins (alternative variants of Bitcoin, or other cryptocurrencies) have been created.
In 1983 the American cryptographer David Chaum conceived an anonymous cryptographic electronic money called ecash. Later, in 1995, he implemented it through Digicash, an early form of cryptographic electronic payments which required user software in order to withdraw notes from a bank and designate specific encrypted keys before it can be sent to a recipient. This allowed the digital currency to be untraceable by the issuing bank, the government, or a third party.
In accordance to the framework of this article, Today! I will be presenting you incomparable project called: LONDON BLOCK EXCHANGE
WHAT IS LONDON BLOCK EXCHANGE?
London Block Exchnage (LBX.com) is a fiat to cryptocurrency exchange in the heart of the City of London. LBX offers easy acces to the cryptocurrency markets for both the curious and experienced. Our products and services focus on the demanding needs of retail and institutional investors. LBX supports 30+ fiat and cryptocurrency trading pairs and provides direct to UK onshore and Euro and USD payments.
LBX is also an FCA-registered EMD Agent
LBX is committed to educating newcomers and experienced traders alike on the fascinating worlds of cryptocurrency and blockchain.
- Buy, sell and store real cryptocurrencies
- Trade BTC, ETH, LTC, XRP and many more
- Extensive schedule of new coins and token listings
- Personalised customer support #tokensale #lbxrealcrypto #lbxpay #LBXu#LBXPeg #lbx and https://lbx.com
ABOUT LONDON BLOCK EXCHANGE
LBX will be initially utilising the Ethereum blockchain to develop, distribute and manage LBXPeg as the platform is transparent, efficient and close to reaping the benefits of its upcoming scaling solutions. LBXPeg will be an ERC-621 token – building upon the ERC-20 standard – which will grant the required flexibility in the total supply to match the quantity of GBP held in the segregated bank account. LBXPeg will also be issued on other blockchains where compliance controls can be maintained.
The London Block Exchange (LBX) is proud to announce that they are releasing their own stablecoin, LBXPeg, which will be tied to the value of pound sterling (‘GBP’) held in an auditable UK bank account.
LBXPeg is required in the market as although the appetite for stablecoins is growing, trust in current projects remains flat. Through opaque management structures, distribution schedules and auditing processes, many available stablecoin offerings are inadequate for the needs of businesses, traders and consumers. They need a product that they can trust to be managed in a correct and compliant manner.
LBXPeg will allow users to transfer the digital equivalent of GBP quickly, easily and on a global scale through a decentralised network. It will make the transfer of money traceable and trustless and, as such, has a wide range of use cases; from payments to merchants to a smart contract-based distribution of dividends for a company’s shareholders.
After LBXPeg’s initial release, LBX will explore tying the product’s value to accounts which hold other fiat currencies – such as EUR and USD - to improve both its scope and stability.”
LBX opened in November 2017 for OTC trades and in addition to UK banking and a user-friendly app backed by world-class London-based customer service. It also follows rigorous KYC/AML protocols. Members also receive its acclaimed daily market report, which can also be viewed on Telegram on the LBX News channel.
LBX has launched a utility exchange and app, and is now developing a regulated security token exchange to compete with the current traditional capital market exchanges in London. LBX has identified and solved customer issues that existing cryptocurrency exchanges have disregarded in return for faster delivery. LBX offers a number of products and services for the crypto market:
• Fiat gateway for crypto
• Outstanding customer support
• Educational content for newcomers
• Institutional grade OTC for professional traders #tokensale #lbxrealcrypto#lbxpay #LBXu #LBXPeg #lbx and https://lbx.com
LBX PREPAID VISA DEBIT CARD
LBXIt plans to launch a sterling-to-cryptocurrency exchange and a prepaid Visa debit card, dubbed "Dragoncard," that will allow people to convert bitcoin, ethereum, ripple, litecoin and monero to sterling and spend it across the UK. The startup plans to add more cryptocurrencies in future.
The Visa card, which will be issued by Gibraltar-based pre-paid card provider Wavecrest, will be linked to an app that allows users to buy and hold cryptocurrencies through the LBX exchange. Customers will also be able to withdraw money using the card. Cryptocurrencies will be converted to sterling at the time of withdrawal.
LBX CEO and founder Ben Dives said in a statement: Despite being the financial capital of the world, London is a difficult place for investors to enter and trade in the cryptocurrency market.
We'll bring it into the mainstream by removing the barriers to access, and by helping people understand and have confidence in what we believe is the future of money.
LBX has so far raised £2 million from a consortium of private investors who the company declined to name. Prior to setting up LBX earlier this year, Dives founded brainstorming tool Ideaflip.
Ex-Credit Suisse and UBS banker Adam Bryant serves as LBX's executive chairman. Bryant spent 18 years at Credit Suisse and almost two years at UBS before joining LBX, running the macro hedge fund teams at both banks.
Bryant said in a statement: "We're offering a grown up and robust experience for those who wish to safely and easily understand and invest in digital currencies. We're confident we'll transform this market in the UK and will become the leading cryptocurrency and blockchain consultancy for institutional investors and consumers alike
Customers will be charged a 0.5% for buying and selling cryptocurrencies on its platform and the Dragoncard has an up-front fee of £20. LBX says card provider Wavecrest will also charge a small fee for ATM withdrawals.
LBX launch coincides with an explosion of interest in cryptocurrency in 2017. Bitcoin has rocketed over 500% so far this year and the total cryptocurrency market has ballooned to close to $200 billion thanks to the popularity of initial coin offerings, where startups issue digital coins as a way of raising money.
While LBX is one of the first companies to offer a cryptocurrency card in the UK, it is likely to soon face competition. Revolut, the well-funded foreign exchange startup, is developing cryptocurrency trading capacities within its app and may well let consumers spend the currencies on its prepaid card. #tokensale#lbxrealcrypto #lbxpay #LBXu #LBXPeg #lbx and https://lbx.com
LBX PROJECT ROADMAP
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LBX ICO OVERVIEW
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LBX is launching a utility token LBXu, that gives discounts to buyers when they stake or spend on the LBX platform. The presale will run from September to November 2018, and tokens can be purchased using GBP, ETH and BTC.All tokens sold during the presale will be released for trading over 25 months in order to reduce oversupply. Any unsold tokens from the presale will be added to the public sale process.The public sale is governed by an open and fair monthly "blind" auction to create a supply level that matches the growth of the business. During this phase, tokens can be purchased using ETH.
Each month, contributors are able to bid for that month’s allocated LBXu. The bidders can use four strategies (several multipliers with different token lock-ups). Every month only the total amount of ETH contributed will be visible, creating a "blind" bidding process. By controlling the release of tokens each month we aim to negate the effects of oversupply, while rewarding long term holders for staking.
LBX TOKEN ANALYSIS
The LBXu ERC20 token can be used across our range of services, and will be tradable against GBP, ETH and BTC. We will list LBXu on our exchange from December and operate a buy back and burn policy
LBXu offers fee reductions in the following retail services:
• Trading
• Banking
• LBX Dragoncard
• Educational content
• Events
For SMEs / ICOs / corporate clients, LBXu offers fee reductions for:
• OTC trading
• Custody
• Project listing
• Investment reports
• API access
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Total supply »» 250M LBXu
Available for presale »» 100M LBXu
hard cap »» 100,000 ETHP
Presale price »» 1 ETH = 1,000 LBXu
Bonus »» Sep 18 30% Oct 18 20% Nov18 10%
CONCLUSION
Nowadays a lot of projects and cryptocurrency exchanges are being created in different countries, But not much of them with good standard and qualities as London Block Exchnage (LBX) does.
MY OPINION
In my own perspectives, I can see London Block Exchnage (LBX) as an innovative, incomparable and undisputed project with a great vision and unique ambition to be the most smartest and respective projects in the nearest future all across the globe. #tokensale #lbxrealcrypto #lbxpay #LBXu #LBXPeg #lbx and https://lbx.com
For more or further details, please! Kindly follow the links below:
WEBSITE: https://lbx.com/?utm_source=bounty
TWITTER: https://twitter.com/LBXSocial
TELEGRAM: https://t.me/lbxcommunity
MEDIUM: https://medium.com/@LBXSocial
Author:dhavid19
Bitcointalk Profile Link:https://bitcointalk.org/index.php?action=profile;u=1795848
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