LBX

LBX

Created using Figma
Created using Figma
LBX will be initially utilising the Ethereum blockchain to develop, distribute and manage LBXPeg as the platform is transparent, efficient and close to reaping the benefits of its upcoming scaling solutions. LBXPeg will be an ERC-621 token – building upon the ERC-20 standard – which will grant the required flexibility in the total supply to match the quantity of GBP held in the segregated bank account. LBXPeg will also be issued on other blockchains where compliance controls can be maintained.
Pre Sale
Oct, 2018
Oct, 2018
100% completed
Raised funds - no Data
past
Token Details
Ticker
LBX
Additional Details
Categories
Platform

About LBX

The London Block Exchange, LBX, is proud to announce that they are releasing their own stablecoin, LBXPeg, which will be tied to the value of pound sterling (‘GBP’) held in an auditable UK bank account on a 1:1 basis.

LBXPeg is required in the market as although the appetite for stablecoins is growing, trust in current projects remains flat. Through opaque management structures, distribution schedules and auditing processes, many available stablecoin offerings are inadequate for the needs of businesses, traders and consumers. They need a product that they can trust to be managed in a correct and compliant manner.

LBXPeg will allow users to transfer the digital equivalent of GBP quickly, easily and on a global scale through a decentralised network. It will make the transfer of money traceable and trustless and, as such, has a wide range of use cases; from payments to merchants to a smart contract-based distribution of dividends for a company’s shareholders.

LBX will be initially utilising the Ethereum blockchain to develop, distribute and manage LBXPeg as the platform is transparent, efficient and close to reaping the benefits of its upcoming scaling solutions. LBXPeg will be an ERC-621 token – building upon the ERC-20 standard – which will grant the required flexibility in the total supply to match the quantity of GBP held in the segregated bank account. LBXPeg will also be issued on other blockchains where compliance controls can be maintained.

After LBXPeg’s initial release, LBX will explore tying the product’s value to accounts which hold other fiat currencies – such as EUR and USD - to improve both its scope and stability.”

LBX opened in November 2017 for OTC trades and in addition to UK banking and a user-friendly app backed by world-class London-based customer service. It also follows rigorous KYC/AML protocols. Members also receive its acclaimed daily market report, which can also be viewed on Telegram on the LBX News channel.

Activity

Activity:
462
VERY HIGH
Posts:
48
VERY LOW
Views:
909
VERY LOW
Posts:
594
VERY HIGH
Followers:
16 141
VERY HIGH
Likes:
14 959
VERY HIGH
Rating:
4.80
VERY HIGH
Reviews:
13
LOW
Followers:
18 086
VERY HIGH
Tweets:
4 485
VERY HIGH
30 Days Growth:
1674
Alexa
Rank:
582 213
MEDIUM
Delta:
17 459

Last News

N/A
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