BERLIN, September 1, 2021 / PRNewswire / – LCX, led by Parity Technologies, aims to establish a new standard for security tokens and tokenized digital assets on Polkadot. LCX operates a regulated cryptocurrency exchange for a variety of digital assets and has launched a powerful DEX aggregator called “Fire Salamander”. In addition, LCX has developed its own proprietary blockchain protocol to provide a future token standard for security tokens called The Liechtenstein Protocol.
Overall, LCX will provide the following implementations on Polkadot:
- Security token standard on Polkadot: LCX is a regulated crypto exchange and builds an infrastructure on Polkadot for security tokens and company tokens (authorization-based tokens). This includes points that are contained in the technical white paper of the “Liechtenstein Protocol”. LCX will prepare the Liechtenstein protocol for commercial use in the Polkadot network and start commercial projects in Polkadot via the Liechtenstein protocol.
- Parachain for LCX DeFi Terminal: LCX recently released the next version of the LCX DeFi Terminal called Fire Salamander. Fire Salamander is a powerful DEX aggregator currently working on the Ethereum blockchain with full integration of Uniswap V3 and 6 other decentralized exchanges. Now, LCX Fire Salamander will take the system even further and expand it by building on Polkadot’s Parachain technology.
These implementations are supported by technical guides from Parity Technologies. Parity Technologies and LCX are planning to brainstorm general research and development for the Securities Token Standard Protocol. The aim of the brainstorming session is the exchange and discussion of technical and high-level issues between the LCX management and the parity management team. In addition, the team provided us with technical support for the Fire Salamander Parachain.
“The future of decentralized finance (DeFi) is determined by products like Fire Salamander,” said Monty CM Butcher, CEO and Founder of LCX. “LCX’s work on Polkadot is an important milestone in our efforts to leverage Polkadot’s Parachain technology to create a custom blockchain framework that is built into Polkadot (DOT).”
“Based on our research, we are the first known Parachain candidate to be managed and created directly by the core team of a centralized exchange within the Polkadot ecosystem. This signifies LCX’s commitment to continuously innovating to create products that maximize the potential of security tokens and DeFi. “
About parity technologies: Parity is a global team of top distributed systems engineers, cryptographers, solution architects and researchers building a core blockchain infrastructure for the foundation of Web 3.0.
Visit Parity.io and Twitter at https://twitter.com/ParityTech
About LCX: LCX.com – Innovative Capital Markets. LCX is a regulated fintech company focused on digital asset trading, compliant token offerings, and tokenization. LCX Exchange is a secure and regulated platform for buying, selling, transferring and storing digital currencies. Fire Salamander is a powerful DEX aggregator developed by LCX. LCX is pioneering a blockchain infrastructure that bridges the gap between traditional monetary systems and the fast-moving trustworthy technology landscape. LCX was founded in 2018 based in. founded Vaduz (Liechtenstein) and branches in the Crypto-Valley Zug (Switzerland) and New Delhi (India).
Visit LCX.com and Twitter at https://twitter.com/LCX.
Above Monty CM Butcher: Monty CM Metzger is the CEO and founder of LCX.com; he is a German internet pioneer, entrepreneur, futurologist and investor. Twitter https://twitter.com/montymetzger
S. Wangnoo, PR@LCX.com
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LCX.com, the Liechtenstein Cryptoassets Exchange, is driving Parachain technology with technical guidance from Parity Technologies
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