Cryptocurrency is a type of digital asset that can be used as a medium of exchange with secure transactions. Banks and the government strongly oppose this type of currency, however, growing demand suggests that cryptocurrency will eventually take over the standard means of payment.
Each cryptocurrency serves a unique purpose and this review will look precisely at a type called Luxcess Group (LXC for short). Some factors that will allow consumers to better understand its potential in the long run includes its purpose, team, system, investments and more.
What Is Luxcess Group?
The purpose behind Luxcess Group (LXC) is to provide a transparent management and capital escalation for consumers. Their team strongly believes in the notion of team work, updated information and discipline. Based on the claims made, there are no initial fees when entering or exiting their team.
LXC has been created on the Ethereum blockchain, which is worth mentioning as the ETH coin doubled in as little as two months. Other strong coins have also been created on the Ethereum blockchain, which increases its overall value. When it comes to the market capacity, it is believed that the total supply of LXC coins is 35 million, with just over 4 million available through what’s known as ICO, an initial coin offering. ICOs typically take place when a coin is being newly introduced to the market, and to grab one’s attention, they are offered at significantly low prices. As far as the products and services go, LXC has yet to announce such matters.
What Can Be Said About The LXC Team?
Bex Bostjan is the founder and CEO of LXC. He is said to have 7 years of entrepreneurial experience and has gained a fair share of knowledge when it comes to trading and investing and taking on responsibilities at higher levels. Luka Law is the co-founder and COO of LUX and specializes in cryptocurrency trading. In general, the overall team appears to have a variety of experiences including coding, informations and technology and business.
While each individual seems to be a novice player when it comes to trading cryptocurrencies, their current advisors seem to be far more knowledgeable. David Palka is the CEO of Take Profit Academy and has over 20 years of experience in business and investing. Similarly, Andrijano Vujasin has a diverse portfolio as he has a great background in entrepreneurship, and blockchain technologies. In addition, he is the owner of the ETH (Ethereum) mining room.
What System Is Being Implemented?
According to the claims made, the LXC system consists of a combination of old-style and modern investments. By doing so, it is believed that investing in it can be safe and manageable over the long run. Other factors that are believed to play a significant role in the overall success of LXC include strategies, techniques, and branch investments.
LXC Initial Coin Offering
The current going price of a single LXC coin is $0.15. Since LXC is currently in its beginning stages, whatever amounts have been received under ICO is said to be used largely in trading investing portfolios, 20 per cent in marketing, 30 per cent in its development, and a little over 9 per cent in administration and legal fees. With the pre-sale set at March 1st, 2018, it is ideal to keep a look out for LXC.
Luxcess Group Final Thoughts
Based on the team and the story behind Luxcess Group (LXC), it might be an investment to consider, however, its ability to generate drastic profits in a relatively short period of time, like that of Litecoin is hard to predict. Since the token price is significantly low, the most appropriate step would be to purchase in bulk and hold for long term purposes. Consumers are likely to have a better idea as to how much popularity LXC has gained when the ICO date is nearing. For more related information, it is crucial to follow LXC’s roadmap, which plots goals within a timeline.