Connect with us

Digital Securities

LXDX announces Security Token Sale

mm

Published

 on

LXDX announces Security Token Sale

LXDX

LXDX is an exchange built with the intention of bringing professional quality trading tools to the masses.  Development of the platform utilized C++ as its native language.

Through the use of multiple technologies, such as Smart Routing, and a matching engine designed in-house, LXDX claims to offer the fastest speeds around.  This gives traders using the platform the ability to capitalize on the smallest spreads possible.

Smart-Routing

  • Will allow for one account, in one location, the ability to trade thousands of coins

Matching Engine

  • Known as the LXDX Warp Core, this proprietary technology allows for millions of trades per second to be completed across a vast array of assets

These two features are a few of the unique offerings that LXDX is looking to bring to the table.  In doing so, they will achieve their goal of being a ‘crypto derivative exchange, with institutional liquidity’.

STO

As anticipation for the exchange grows, so too is the popularity of STOs.  The team at LXDX has recognized this and the benefits that an STO can afford both holders and issuers alike.

LXDX has announced the opening of their very own STO.  This token sale will see the distribution of the LXDX token.  Tokens will offer holders quarterly dividends garnered from company revenue.  Distributed proportionately among token holders, these dividends will comprise 10% of the exchange’s adjusted gross revenue.

TickerLXDX
Token Price1€
Token TypeERC-20
Cap5MM€
LaunchNovember 5th, 2018

The STO is limited to 1000 participants.  By being LXDX token holders, these individuals become shared owners of the company.

By undertaking this token sale, LXDX must adhere to all applicable security laws in Malta.  This means that the team must adhere to strict regulations with regards to KYC and AML laws.

Team LXDX

While the team at LXDX boasts impressive credentials, two individuals stand out.

Joshua Greenwald – CEO

  • Having worked at companies such as SpaceX, Laurion Capital and more, Joshua has experienced the culture at some of the world’s most innovative companies.  With regards to their upcoming STO, he stated, “As blockchain technology proliferates, we expect to see increased tokenization of tangible assets like real estate, commodities, and even art. The million token future is just around the corner…We are excited to provide our community a chance to experience the benefits of a true security token.”

Steven Thomas – CTO

  • During his time spent in the United States Military working on cryptology services, Steven gained an appreciation for the utmost importance of information security.  He brought this experience to LXDX, commenting, “Between our software, hardware custody solutions, and real-time trade surveillance, we are setting the standard for security and trust in the industry,” Thomas explains. “We’ve structured the LXDX system to enable ultra-secure information compartmentalization.”

Calling Malta Home

Following a trend in the industry, LXDX has decided to call Malta home to their operations.  With the tiny island nation being one of the most vocal and supportive in the world with regards to blockchain, this move is no surprise.

In recent months the Maltese President has gone on record stating their intention to become a world renowned blockchain hub.  While addressing the United Nation’s General Assembly, President Joseph Muscat stated, “I passionately believe technology revolutionizes and improves systems…This is why in Malta, we have launched ourselves as the blockchain island.”

Spread the love

Joshua Stoner is a multi-faceted working professional. He has a great interest in the revolutionary 'blockchain' technology. In addition to this, he is a licenced Paramedic in Nova Scotia, Canada. As such, he can provide emergency care/medicine to any situation necessitating it.

Advertiser Disclosure: Securities.io is committed to rigorous editorial standards to provide our readers with accurate reviews and ratings. We may receive compensation when you click on links to products we reviewed.

ESMA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Investment advice disclaimer: The information contained on this website is provided for educational purposes, and does not constitute investment advice.

Trading Risk Disclaimer: There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies.

This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.

Securities.io is not a registered broker, analyst, or investment advisor.