In accordance with our published token economics, LCX will burn 100% of all LCX Tokens used to pay for fees within LCX’s ecosystem. We want to ensure that all token burn activities are carried out in an open and transparent manner, that’s why we are upcoming you today.
At the moment LCX receives fees for the monthly or annual subscription for Pro accounts at LCX Terminal and for withdrawal fees at LCX Accounts. Furthermore LCX will earn fees as part of the upcoming security token offerings facilitated via the LCX STO Launchpad.
LCX executes token burns each quarter in accordance to the announced token metrics.
The LCX Token burn record is public on the blockchain.
You can also see the reduced total supply at Etherscan:
LCX AG is a company found in 2018 and registered in Liechtenstein No. FL-0002.580.678-2. LCX AG is regulated by the Financial Market Authority of Liechtenstein under the registration No. 288159 as a trusted technology service provider.
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