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.
- Will allow for one account, in one location, the ability to trade thousands of coins
- 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’.
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.
|Launch||November 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.
While the team at LXDX boasts impressive credentials, two individuals stand out.
- 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.”
- 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.”
REMCO Software to see Security Tokens Listed on LATOKEN
REMCO Software is in the midst of completing a ‘security token offering’. As you may know, this refers to a crowdfunding campaign tailored towards accredited investors. During the offering, investors are able to purchase digital securities in the form of a token, typically representative of equity shares within the issuing company – an efficient merger of traditional and future finance.
Recently, REMCO announced good news, as they have secured an agreement that, once issued, will see their tokens listed for trading on the LATOKEN platform. By providing a flexible listing platform, LATOKEN will enable investors to easily trade between REMCO tokens and FIAT currencies. The ability to do so is expected to result in new-found levels of liquidity, not normally witness when dealing with such assets.
In their press release, representatives from both REMCO and LATOKEN spoke on the agreement, and what it means for the industry.
“We are especially pleased to welcome REMCO token in the pool of our future projects. Their business model is both practical and very innovative. It brings a great deal of added value to the industry.”
“LATOKEN’s innovative approach appealed to us…There are many crucial steps to getting this business off the ground, and we appreciate reaching this milestone with LATOKEN.”
REMCO is a young company looking to revolutionize the remittance industry. They intend to do so, by utilizing traits inherent to blockchain technology that will allow for greater transparency and efficiency in finance. They were founded in 2018, and are based out of Laurel, Maryland.
Company operations are currently spearheaded by CEO, Peter Ojo. Under his watch, the company hopes to successfully complete a security token offering, which will facilitate their envisioned future.
LATOKEN refers to ‘Liquid Assets Platform’. Founded in 2017, CEO, Valentin Preobrazhenskiy, has guided the platform into becoming a promising player within the industry. As their name implies, the platform aims to bring liquidity to a variety of assets. Through their FIAT gateways, they have now begun to attract the attention of companies, such as REMCO.
In Other News
While this is the first time that each of these companies have graced our headlines, there is no shortage of news in the industry. Here is a brief look at a few articles detailing recent partnerships, and industry developments.
Magic BlockchainQA to Collaborate with Securitize
It was recently announced by Magic Blockchain QA, that they have established a working relationship with industry leader, Securitize.
The nature of this relationship will see each company refer clients to the other. They are essentially building bridges, which will provide clients with a greater variety of integrates services.
In addition to client referrals, this relationship will see Magic BlockchainQA offer their quality and analysis services for the DS-Protocol. This protocol was custom built by Securitize to fit the needs of the digital securities industry. Through its implementation, clients are able to sell, create, issue, and manage digital securities backed by a variety of assets.
This development is reminiscent of one that occurred just recently. At that time, we reported on a similar relationship between DESICO and Securitize. As stated, these types of relationships are key to ensuring steady growth in the relationship. At this stage in the game, what is good for one player is good for all players.
Anuraj Soni, President of Magic Blockchain QA, took the time to address this development.
“The Securitize platform has gained significant prominence in last few years and this partnership allows Magic to train its consultants on this platform enabling Securitize clients easy access to a pool of Magic consultants who can help with the seamless adoption of this platform.”
Magic BlockchainQA touts themselves as the world’s first quality and analysis services dedicated to blockchain applications. Check out the following video to learn more about why this is an important and needed service.
This young company was founded in 2018, and is based out of New York City. Company operations are overseen by President Anuraj Soni. He boasts years of experience in leadership roles at companies like Bank of America, GENPACT, and other.
To date, Magic BlockchainQA has established partnerships with not only Securitize, but MythX as well.
Since commencing operations in 2017, Securitize has developed a tech-stack that allows for them to offers clients end-to-end tokenization services. These services range from token creation, to issuance, and lifetime management post distribution.
In Other News
To learn more about the companies discussed here today, make sure to check out a few of the articles below. While this is the first time we have detailed Magic Blockchain, Securitize is a regular on our newsfeed.
Blockchain Identity Firm WISeCoin Announces STO
The Swiss-based cybersecurity firm, WISeCoin announced plans to host an STO in Q2 2019. The announcement has captured the attention of analysts and follows the receival of a “no-Action Letter” from the Swiss Financial Supervisory Authority (FINMA). The move marks another step forward for the Swiss security token market.
WISeCoin is a subsidiary of WISeKey. WISeKey created the WISeCoin platform to furhte3r pursue their blockchain identity strategy. Speaking on the decision to host an STO, WISeKey CEO, Carlos Moreira, discussed how his platform utilizes a wide-range of “blockchain enabled microchips” to provide clients with a customizable identification system. He also touched on the importance of increasing your digital identification procedures to adapt to the “evolving device landscape.”
WISeCoin developers seek to revolutionize the world of digital identification via the integration of IoT, blockchain, and AI. The concept is anything but simple. WISeCoin integrates a host of proprietary technology to merge seamlessly merge these sectors. Here’s how the system functions.
Blockchain of Identity
Blockchain identification systems are nothing new to the sector. The ability to verify, authenticate, and securely manage digital identities via the blockchain continues to drive more firms into this business model. What makes WISeCoin different is their approach to the problem.
WISeCoin developers decided to leverage the immutable nature of blockchain technology by pairing it with the Internet of Things (IoT). The IoT is the network of billions of smart devices currently entering the market. These items are able to monitor and communicate with each other.
To put the scope of this network into perspective, there were 15.4 billion smart devices connected in 2015 according to IHS reports. Intel plans to expand that network to 200 billion devices by 2020. Of these smart devices, wearable units are the fastest growing. IDC forecasts predict a 31 percent increase in this sector by 2020.
As you could imagine, leveraging these devices is an extremely powerful way to monitor, verify, and authenticate people, or items. In order to accomplish this monumental task, WISeCoin developers employ “Root of Trust” RoT and PKI protocols. RoT protocols provide secure authentication across both digital and physical environments.
WISeKey International Holding Ltd.
The world of AI, IoT, and blockchain are destined to play important roles in the future. WISeKey combines the best attributes of these advanced sciences. The firm is sure to see continued success in the coming months as their STO approaches.
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- Singapore Halts STO for Regulatory Breach February 13, 2019