The LCX Token ($LCX) is an exchange based token and utility token of LCX, the Liechtenstein Cryptoassets Exchange.
The LCX Token is a utility Token which may be used to pay all fees associated with the services offered by LCX AG. The LCX Token can be used as a voucher to pay fees, such as fees for LCX Terminal subscription; fees for custodian solutions LCX Vault; fees for exchange transactions for all crypto assets; exchange fees for fiat-crypto-fiat transactions; processing fees; and other fees within the LCX ecosystem.
LCX Token Smart Contract: 0x037a54aab062628c9bbae1fdb1583c195585fe41
$LCX Token at Etherscan: https://etherscan.io/token/0x037a54aab062628c9bbae1fdb1583c195585fe41
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.
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