2023 marks a significant milestone for LCX as we celebrated our 5th anniversary. Over these half a decade, LCX has been at the forefront of innovations, establishing trust, and delivering exceptional services within the cryptocurrency industry. As we reflect on our past, we also want to shed light on our strategies for the next five years and beyond, ensuring that our community is always informed and aligned with our vision.
Transformation From Fixed Company Reserve to a Variable Balancing Company Reserve
Traditionally, LCX maintained a fixed company reserve of the LCX token. Over the last 12 months our ecosystem grew significantly and more users started using LCX tokens to pay for various fees on the platform, such as trading fees or token launchpad fees. Recognizing this, we’ve decided to pivot to a more flexible system and expand the lifecycle of the LCX token ecosystem.
Starting from 2024, a variable percentage of LCX tokens that we receive from the utility token’s usage will be placed back into the company reserve wallet, up to a maximum of 20% of the total LCX token supply. By introducing a variable balancing reserve, we aim to sustain stability, ensure trustworthiness, and promote transparency in our financial operations.
Gearing Up for the Next Positive Market Cycle
The cryptocurrency industry is ever-evolving. As we anticipate the upcoming positive market cycle, two key challenges stand before LCX: liquidity and growth. To tackle these head-on, we’ve devised a proactive strategy for the near future.
LCX is ready for the future, our commitment remains unchanged – to building a fully regulated safe and reliable business while delivering a seamless user experience. Being the first cryptocurrency platform to receive 9 regulatory approvals, and being MiCA ready, is an important milestone. These strategies are strengthening our mission and our community’s trust. Together, we envision a future where LCX continues to set benchmarks and revolutionize the cryptocurrency industry.
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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