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How to buy and use LCX Token? (updated)

The LCX Token (LCX) has been created as a utility token which may be used to pay all fees associated with the services offered by LCX.

How to buy LCX Token?

LCX Token can be bought directly at LCX.com at market price. 

Buy LCX Token here.

Follow these steps to buy LCX Token directly at LCX.com 

  • Register at LCX: https://accounts.lcx.com/register
  • Login at LCX Account – Login using your Email Address and Password.
  • Verify your account.
  • Deposit ETH or BTC at your LCX Wallet.
  • Click the button “Convert to LCX Token” and select the amount of LCX Token you want to buy. The LCX Token are distributed to your wallet instantly. 

The exchange rates of ETH to LCX and BTC to LCX are updated every 30 seconds. We are using the exchange rates and market price of Liquid.com Exchange.

How to use LCX Token?

LCX Token can be used to pay for the subscription of LCX Terminal Pro Account. Users can purchase the LCX Token at third party exchanges, e.g. Liquid, and use it within the LCX ecosystem.

In order to use LCX Token, you first need to register on LCX Accounts:

  1. Register at LCX – Follow these steps.
  2. Login at LCX Account Login using your Email Address & Password.
  3. Deposit LCX Token – Once you’re logged into LCX Account, switch to “Wallet” tab. Click “Deposit”.

LCX Token: Facts & Figures

LCX Token > Minimum Utility Value of 0.10 USD

Within the LCX ecosystem, at LCX.com, the value of the utility token will be determined by the independent factors, such as supply and demand, but in order to reward our token holders for their trust and loyalty, we are offering that whenever LCX tokens are spent within our ecosystem, the price of the token will be equal to either  0.10 USD or the independently determined market price, whichever is higher at the time of the transaction.

For example, in the case of the minimum value (0.10 USD), if you pay for services at LCX.com valued 10 USD, you have to pay a maximum of 100 LCX. If the market price of LCX Token is increased to 1 USD for example, you will have to pay 10 LCX Token to pay for services valued 10 USD.

At the same time, if the LCX Token is traded on cryptocurrency exchange at 0.02 USD – below our minimum of 0.10 USD – and if you pay for services at LCX.com valued 10 USD, you only have to pay 100 LCX as well, because the value of LCX Token will not go below 0.10 USD within our ecosystem.

Please note, however, that we do not provide and do not offer unconditional or mandatory exchange or redemption of LCX tokens into USD or any equivalent of the USD value. You will only be eligible and able to benefit from the minimum LCX token value, when you purchase assets or services within our ecosystem, for example, when you purchase other digital assets supported by LCX platform or pay for our services.

LCX Token Burn

As LCX will be accumulating LCX Tokens over time, it will implement a transparent and verifiable mechanism to burn LCX in order to reduce the supply of tokens in the ecosystem. LCX will burn 100% of all LCX Tokens, which LCX receives in the payment process of the utility token. LCX will burn these tokens on a quarterly basis and publish the number of tokens burned. As a result, the supply of LCX will decrease over time as the activity on LCX increases. This is subject to further amendments after one year.

LCX Utility Token

The LCX Token is a Utility Token and can be used as a voucher to pay fees, such as fees for LCX Terminal subscription and other fees within the LCX ecosystem.

It is issued as an ERC-20 token (on the Ethereum platform) and the official contract address is 0x037a54aab062628c9bbae1fdb1583c195585fe41 (Link to Etherscan).

The initial total supply of LCX is defined as 1,000,000,000 LCX coins, but due to the regular coin burn events, the supply will gradually decrease.

Where else can I buy LCX Token?

The LCX Token is listed at several third party cryptocurrency exchanges with different market pairs. At Coinmarketcap or Coingecko you can see an overview of all market pairs and exchanges.

The LCX Token is listed at Liquid exchange with three trading pairs.

Trade at Liquid Now

The LCX Token is listed at HitBTC exchange with two trading pairs.

  • LCX / BTC at https://hitbtc.com/LCX-to-BTC

  • LCX / ETH at https://hitbtc.com/LCX-to-ETH

Trade at HitBTC Now

The LCX Token is listed at IDEX exchange with two trading pairs.

  • LCX / USDC at https://idex.market/usdc/lcx

  • LCX / ETH at https://idex.market/eth/lcx

To purchase LCX Token and trade at IDEX, you need to sign up as a new user if you don’t have a IDEX account.

Trade at IDEX Now

The LCX Token is listed at Coinsbit exchange with two trading pairs.

  • LCX / ETH at https://coinsbit.io/trade/LCX_ETH

  • LCX / BTC at https://coinsbit.io/trade/LCX_BTC

Trade at Coinsbit Now

The LCX Token is listed at Bidesk exchange with three trading pairs.

Trade at Bidesk Now

Overview of all exchanges and trading pairs via Coinmarketcap:

See All Exchanges
See ALL Markets

Risk Warning: Digital assets, such as Cryptocurrencies and Tokens, are subject to a number of risks, including price volatility. Transacting in digital assets could result in significant losses and may not be suitable for some consumers. Digital asset markets and exchanges are not regulated with the same controls or customer protections available with other forms of financial products and are subject to an evolving regulatory environment. Digital assets do not typically have legal tender status and are not covered by deposit protection insurance. The past performance of a digital asset is not a guide to future performance, nor is it a reliable indicator of future results or performance. Additional disclosures can be found at Terms of Service. 

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