Blog Post
How LCX is Providing a Platform For Crypto Trading Solutions
Wayne Jones • Jul 24, 2020
Cryptocurrencies have been gaining dominance in the financial markets over the last couple of years. Besides embracing blockchain technology, more people are now looking into crypto trading. The market is currently flooded with over 5’000 coins, and globally, crypto enthusiasts are looking for ways to make money by trading these digital currencies.
LCX is a platform that provides users with an efficient trading platform without sacrificing security aspects. The crypto trading market is thriving, but it continues to face several issues. Some of these challenges are due to the high number of individuals dealing with cryptos, while others are due to current exchanges’ inefficiencies.
Overall, understanding these problems is the first step to solving them. LCX has taken time to understand these issues and is finding ways every day to help curb them. This article will explore a few pain points in crypto trading and how LCX is moving forward to sort them.
Pain Points in Crypto Trading
Here is a list of common issues traders face in cryptos and digital assets’ markets.
- Cyber Crimes - Cybercriminals have been taking advantage of digital assets from the word go. The history of cryptocurrencies is crippled with millions worth of dollars that have been lost in hacking and other online criminal activities. This factor, in turn, has a detrimental effect on the value of cryptos. Traders have lost hard-earned funds with zero chances of recovery since transactions are irreversible.
- Unreliable News - Spreading false information via social media platforms is one of the significant challenges that cryptocurrencies face. The crypto trading market comprises both pro and novice traders. Investors with little or no knowledge of cryptocurrencies and other users become victims of unreliable news. Therefore, they cannot determine if the information is accurate or not.
- Price Volatility - Different cryptocurrency platforms hold different prices for digital assets. It makes it harder for users to determine the most effective and promising ones to invest in. Since the market is highly unstable, users have to perform investment options carefully and find out platforms where they can trade at minimal fees for higher returns. Furthermore, the whales in the crypto market always get the chance to dictate asset prices.
- Slow Transactions - The cryptocurrencies systems get slower over time, as more individuals join the crypto trading world. When there are many transactions lined up on the blockchain, it takes longer to process and confirm them. In some crypto platforms, investors may have to part with higher transaction fees if they want faster transactions. The charges may not be affordable for every user. Being a volatile market, the more the delays, the higher the costs for investors.
- Scams - Ponzi schemes are usually platforms that are in pursuit of defrauding innocent investors. Users get attracted to a crypto market that guarantees enormous returns on investments, and eventually, the platform’s site disappears together with the user’s money. Apart from frauds, ICOs manipulation leads to investors blindly putting their money in promises of increasing token price. Entrepreneurs exaggerate a coin’s popularity then withdraw from it later, leaving users with valueless coins.
- Unspecified Legal Frameworks - Legal frameworks or lack thereof in cryptocurrencies is a major issue hindering the investment potentials surrounding crypto markets. Several countries have regulatory measures for crypto exchanges. Nonetheless, many crypto users engage in illegal activities, including money laundering and tax evasions threatening the credibility of the cryptosystems.
LCX’s Role in Providing Solutions to These Problems
- Regulatory Compliance: Regulations and compliance have been a pressing issue considering most cryptocurrencies do not have specified legal stands on trading. However, LCX provides a platform, which puts transparency first. Following the Blockchain Act implemented in 2020, LCX provides user rights to its customers, including contractual, securities, bankruptcy, consumer, and investors regulations. Hence, they assure customers of credibility in their digital asset ownership and avoidance of illegal involvements. Furthermore, the platform offers standardized crypto issuance and trading.
- A More Secure Platform: Decentralization has been the answer to most security problems in the trading industry. While maintaining user anonymity and control over their funds, the LCX system enables resilience to hacks and theft. Furthermore, the platform utilizes the Legal Entity Identifier and the International Token Identification Number (ITIN) to ensure that every digital asset has a unique security stamp. It makes it easier to track their use by both users and stakeholders. Transactions are immutable enabling protection against fraudulent activities and external threats. Besides, LCX has options to allow users to store their assets with end-to-end encryption. They are also able to have control over their private keys, unlike most online wallets. Most crypto traders prefer cold wallets for security purposes. Nonetheless, this option comes with many inconveniences. The ability to store assets on the platform with assured protection makes it easier for users.
- Faster Transactions: Traders are entering the market every day with high expectations on speedier transactions. LCX avails its users with an option to make management and transfer of assets easier and faster. Also, by eliminating the need for third parties, transactions are directly involved while entailing anonymity, raising the trust, and lowering the costs associated.
- Reliable Real-Time Information: Falsified information on trading platforms on the Internet is on the rise every day. LCX provides users with real-time information on the ongoings within the crypto world. While utilizing different active sources, the network instills a reliable data platform that is non-technical and technical, depending on your understanding levels. New investors who are susceptible to scams and misdirections can, therefore, put their worries to rest. LCX has a secure social media platform that engages its users in discussions and follow-ups on important information surrounding crypto markets. Contributions of major investment-based companies into the network enables investors to make sound decision making as far as crypto trading is concerned.
- News Desk and Social Insights: LCX Terminal already features an integrated news desk to offer traders the most important news right next to their crypto portfolio. With the recent partnership announcement with LunarCrush, LCX is expanding this functionality. LCX will be the first trading platform to integrate social signals and analysis for cryptocurrency markets. We learned from insiders that the upgraded platform is already being tested and will be launched soon.
- More Trading Options: LCX is providing new investors with more trading options, unlike in the traditional markets. The revolutionized platform allows investors to trade on different exchanges using a single interface. The efficiency of this process is unmatched. Moreover, LCX works under standardized and regulated conditions protecting its users from uncertainties that come with cryptocurrencies. For this reason, manipulations are impossible to penetrate the trading platform preventing the exploitation of novice investors.
Author’s Note
Cryptocurrencies are on the rise, and nothing can stop them now. More digital assets keep arising in the crypto world. Trading will also increase as cryptos offer an alternative for traditional forms of investments.
However, this promise for a better financial future is always facing challenges as issues present in the crypto trading are ever on the rise. Unreliable systems, falsified information, and legal implications are a few of the trades’ pain points.
All the same, LCX is on a mission to ensure that the future of cryptos is secure while maintaining harmony with the traditional markets. The platform comes with some unique features that ensure crypto trading is a seamless process for every user. We can only wait to see what else is in store from the network to help curb more of the worries surrounding crypto trading.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.
The Leetah project has officially launched its presale phase for the platform's native token, LEET. The project takes inspiration from the term "Leet" ("elite") and the features of a cheetah in a fun crypto twist. With a 5-phased roadmap, this new meme coin has a serious design that wants to bring value to its community. The ongoing presale phase aims to raise a soft cap of $5 million, a new important milestone for the project. Leetah's Presale and Engagement Opportunities The project's presale will start at an initial price of $0.0065 for each LEET token. The team plans to leave the presale open until investors buy all allocated tokens. Specifically, with a total supply of 1,337 billion tokens, the presale will allocate 35% of this amount. Another 25% will let the team develop the project through its roadmap. LEET will go live through a decentralized exchange (DEX), for which the team allocated 30% of the token supply. The remaining 20% will cover marketing expenses (10%), airdrops (5%), and affiliates benefits (5%). The project will also feature a "Refer and Earn" program. The initiative will allow participants to earn additional LEET tokens by referring friends and family to the presale. With a 10% reward on their referrals' purchases in USDT, this program incentivizes active promotion and engagement within the community. Multi-Chain Launch Plans Leetah aims to launch on multiple blockchain platforms, including Ethereum, BNB Chain, and Solana. This approach will not only promote accessibility for investors but also set the foundation for potential expansion in the future. The project has already gained traction within select alpha communities with its unique presale strategy and innovative features. Specifically, this project's plans feature five different phases: Phase 1 (or "LeeTah is born") involves launching social channels and the website, followed by the presale phase. Phase 2 ("LeeTah grows") focuses on community building and marketing initiatives while passing a contract audit for security purposes. Phase 3 ("LeeTah roars") will see an increase in marketing efforts and community contests. At this stage, the team also expects to conclude the presale phase. Phase 4 ("LeeTah sprints") will mark the launch of Leetah's NFT collection and its listing on CoinGecko and CoinMarketCap. Finally, Phase 5 ("LeeTah Feeds") will involve the project's listing on major centralized exchanges and the launch of LEET TOOLS. About Leetah Leetah is a project driven by experienced developers to implement and test cutting-edge technologies in blockchain and digital token offerings. The project aims to be a leading name in Web3, pushing boundaries for investors and cryptocurrency enthusiasts worldwide. The ongoing presale phase for its native token, LEET, aims to raise a soft cap of $5 million. Leetah plans to launch on multiple blockchain platforms and has an ambitious roadmap featuring 5 phases of development. With its unique concept and strong team, Leetah wants to leave its mark in the Web3 sector. Anyone curious about Leetah and the LEET token can visit the project's website . The social media pages below frequently share news on Leetah's developments. X (Twitter) | Telegram
NOWPayments, a leading crypto payment gateway , is proud to announce a strategic partnership with Tangem, the world’s leading provider of secure and easy-to-use hardware crypto wallets. This collaboration is set to revolutionize the way customers engage with digital currencies by enabling the purchase of Tangem wallets using a broad spectrum of cryptocurrencies. Responding to substantial customer demand within the Tangem community, this partnership facilitates the ability to purchase hardware wallets directly with cryptocurrency, providing a much-needed solution for enhanced transaction convenience and security. Through this initiative, customers have the opportunity to acquire Tangem wallets using a diverse range of digital currencies, including BTC, ETH, USDT, USDC, XRP, APE, SOL, TRX, MATIC, ADA, ALGO, LTC, DOGE, BCH, SHIB, DAI, and KAS. This not only meets consumer expectations for seamless transactions but also boosts the utility and adoption of these cryptocurrencies in everyday purchases. Furthermore, this partnership significantly benefits our blockchain partners by increasing the transactional use and visibility of their tokens, thereby strengthening their position in the global crypto market. Tangem AG is a Swiss technology company known for its remarkably simple and secure self-custodial hardware wallet. The Tangem Wallet, the size of a standard bank card, enables users to securely store, buy, swap,, transfer, and manage thousands of cryptocurrencies anywhere and anytime, while being the only owner of your private keys. Tangem is redefining the wallet experience by delivering top-level security, simplicity and accessibility. “Our partnership with NOWPayments marks a significant milestone for Tangem, as we continue to evolve and adapt to the changing landscape of digital payments. Being able to accept payments in crypto not only expands our reach but also aligns perfectly with our mission to simplify and promote the use of cryptocurrency in everyday transactions. It underscores our commitment to innovation and customer-centric solutions, enabling us to better serve our community and partners while driving forward the broader adoption of digital assets”. NOWPayments and Tangem are committed to continuously developing and refining the infrastructure that supports digital currency transactions. This collaborative effort is a testament to our shared dedication to promoting a more inclusive and efficient financial ecosystem. About Tangem Tangem is a leading Swiss-based provider of secure hardware wallet solutions designed for the safekeeping and management of digital assets. Its mission is to empower individuals to take control of their digital wealth, with an emphasis on security, ease of use, and flexibility. Tangem's innovative products have garnered significant interest from investors and customers alike, driving the company's continued growth and success. For more information, visit the website . Follow Tangem’s latest news on X (Twitter) , Telegram , Discord , YouTube , Instagram , and LinkedIn . About NOWPayments NOWPayments is the leading cryptocurrency payment gateway offering support for over 300 digital currencies, enabling businesses and individuals to accept crypto payments with ease. The platform stands out in the market with its low transaction fee of only 0.5%, the lowest fee on the market. Clients can directly withdraw euros to their bank accounts, enhancing the convenience and usability of the service. Each account benefits from personalized attention through a dedicated account manager and round-the-clock support, ensuring a smooth and responsive user experience. With NOWPayments, embracing the power of cryptocurrencies has never been easier or more accessible. For more information, visit the website . Follow Tangem’s latest news on X (Twitter) .
On the 10th of May 2024 at 10AM UTC, Galaxis, a Swiss-based Web3 platform, is set to announce its initial token launch, which will be accessible through the Bybit exchange platform. Galaxis is a platform designed to empower creators and brands to build and manage their communities, ensuring that once a community is established, it remains under the sole ownership of its creator and members. Along the journey, partnerships with high-profile individuals like DJ Steve Aoki, actor Val Kilmer, and NBA personality LaMelo Ball have been established. Over the past few years, more than 225,000 NFTs have been sold, generating over 32,000 ETH ($100 million) in secondary sales of NFTs. Now, the focus is on mass distribution. CEO and co-founder Andras Kristof, who also installed the first Bitcoin ATMs in Singapore, shares some exciting news: "The next step includes supercharging the ecosystem with our $1M dollar Creator Grants programs, the CoinMarketCap Incubation, and many other exciting opportunities where both creators and members get paid. All this is happening on the Galaxis Platform, which is launching soon.” Galaxis, as a post-hype NFT utility platform, believes that this new technology will transcend the hype and bring real value to all industries beyond Web3.
The team working at MAOCAT has recently acknowledged the great success of the project's presale fundraising round. With this operation, they have managed to raise a significant amount and attract the attention of investors and meme fans. The project's diverse ecosystem, featuring staking, farming, launchpad, and NFT marketplace functionalities, is proving appealing. With many memecoins failing to gain traction in the presale stage , MAOCAT is already standing out in this sector. A Rare Successful Presale Story Crypto enthusiasts know that presales are a crucial phase for any project, where success is elusive. While many projects have not even managed to survive the presale phase, MAOCAT has already managed to raise over $300,000. This means that the team has already allocated more than half of the available tokens for the presale. The presale token quantity stands at 3,000,000,000 tokens, while the total supply is 5,000,000,000 MAOCAT tokens. This means the team reserved 60% of the total supply (3,000,000,000 tokens) for the presale allocation. The remaining 40% will help fund future initiatives and ecosystem development for MAOCAT. The presale will follow a gradual increase in token price, from $0.0015 per token in Phase 1 to $0.003 per token in later phases, with a selling quantity of 300,000,000 tokens per phase. The project also has a clear taxation structure: Marketing Tax: 3% Liquidity Pool (LP) Tax: 3% Development Tax: 2% Buy and Sell Taxes: 0% This taxation structure aims to ensure the project's long-term sustainability and growth. MAOCAT has already shown itself as a rare success story in presales, as its numbers are showing. Building a Diversified Ecosystem with MAOCAT The project's ecosystem relies on various innovative features to provide a diverse and profitable experience. MAO CAT offers NFT minting, farming, launchpad, and a marketplace for trading and collecting. These features allow users to participate in the fast-growing NFT market and earn from their investments. Additionally, the project's fixed staking feature provides stability and rewards for holders of $MAO. Future updates will also include the ability to launch tokens through the IDO process and acquire MAO CAT NFTs. With a diverse ecosystem, MAOCAT aims to capture various market segments and continue growing in popularity and value. The rarity tiers of the 10,000 MAO CAT NFT collection offer unique benefits for holders. Moreover, the project plans to fairly mint and reveal these NFTs through different methods. With MAOCAT, users can benefit from owning rare and legendary NFTs while supporting the growth of the underlying project. About MAOCAT Derived from the Chinese word "máo," MAOCAT is an Ethereum-based memecoin that has gained popularity worldwide. Thanks to its unique features and capabilities, MAOCAT aims to create a robust blockchain ecosystem with a strong community. This team's idea is to enter a market where dog-themed memecoins are prevailing and bring something fresh to the table. An early adopter of the project can easily participate in the presale on the Ethereum chain. In order to do so, one only needs to connect a wallet to the presale purchase window and send ETH. With over $300,000 already raised in the presale round, MAOCAT has shown how serious it is about its vision. The project's official website and whitepaper represent an easy-to-read, simple suite of information for any crypto enthusiasts. Furthermore, MAOCAT's social pages constantly update the community on new developments and milestones. X (Twitter) | Telegram | Instagram | YouTube
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