What Is LCX Coin? What Is It Used For? Why Did This Token Go Up In Crypto Market?

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Crypto enthusiasts have largely ignored LCX crypto since it took to Twitter to explain in detail its parent company and the goal behind its creation. As of the time this article was written, the LCX coin was up by 2.2% to US$ 0.07468 per token, and its trading volume was up by 9.4% to US$ 878,679.

What is an LCX coin?

The LCX coin is the native token of Liechtenstein Cryptoassets Exchange (LCX), established in 2018 and has a global presence.

LCX claims to have introduced a full crypto compliance suite and has eight registrations for cryptocurrencies with the Financial Market Authority Liechtenstein. The company that owns LCX.com, LCX AG, has a registered share capital of 1,000,000 CHF, according to CoinMarketCap.

According to its official website, the LCX Token powers the LCX Cryptocurrency Exchange and the LCX.com blockchain platform. It claims to serve as a long-term, sustainable incentive scheme that encourages involvement in the ecosystem from various stakeholders.

All fees related to the services provided by LCX AG may be paid using the exchange-based LCX Token. It can be used as a voucher to pay fees, including subscription fees for the LCX Terminal, and fees for the LCX Vault’s custodian services.

Bottom line

LCX crypto took to Twitter on July 19 and provided reasons to crypto enthusiasts why they should invest in the LCX coin. The virtual currency could be gaining traction due to the claims made by the project. However, investors must stay alert.

Originally published via this site

Although the material contained in this website was prepared based on information from public and private sources that LCXwire.com believes to be reliable, no representation, warranty or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and LCXwire.com expressly disclaims any liability for the accuracy and completeness of the information contained in this website. 

About LCXwire 

LCXwire is dedicated to providing you the latest news about the products and services of the Liechtenstein Cryptoassets Exchange, the LCX token, and information relevant to the Centralized and Decentralized Finance (CeFi and DeFi) Exchanges. Our goal at LCXwire is to provide you with the best, most relevant and exclusive information about the crypto industry. 

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