It's been quite some time since the world got to know about the rise of Bitcoin and got everyone talking about it, and there is still no sign of Bitcoin, or other cryptocurrencies for that matter, slowing down anytime soon. The rise of cryptocurrencies is completely going to disrupt the online trading market or Forex as we know it. Forex is an international currency exchange system, which involves almost all banks and financial institutions of the world. It is a currency market, even though it has no real location and isn't really a market. Wall Street money is yet to flow towards cryptocurrencies mainly because of their volatility.
Larson & Holz Crytpo is a Forex and Binary options broker that has been in existence since 2004 and its clientele includes individuals who can trade cryptos, fiat currencies, shares, gold, oil, etc. Their way of functioning is quite simple; they raise funds and create a version of an existing Forex broker which only deals in cryptocurrencies.
EXISTING ISSUES
- Cryptocurrencies not supported: Mst forex brokers operate only in USD or EUR. This puts Asian and Arab countries on the back foot, as the regulations here are strict and the broker is forced to give up a significant part of the market.
- Financial regulations: Monetary controllers or financial regulators of various nations obstruct business advancement in numerous areas. The necessity to get licenses fundamentally builds the organization's costs and impedes its work.
- Companies also face high transaction expenses when money is transferred via bank cards. Each transaction attracts a commission of 6%.
- Not customer friendly: Many times, users trading cryptos with brokers have to exchange cryptos for fiat currencies at unfavorable rates. This drives away many potential customers.
SOLUTIONS
- Implementation and use of blockchain technology for crypto transactions will make it easier for customers in Asian countries like China, India, etc., and Arab countries to transfer money to foreign companies. This will enable the company to open to a completely new market.
- Finally, all the people who have funds lying in cryptos and people who are familiar with crypto will have a chance to trade these currencies and inc. the company's revenue.
- Since the broker will work only via the internet, there is no need for him/her to acquire any licenses and the restrictions imposed by financial regulators will be minimal.
- The transaction costs will go down drastically; to as low as 1%.
WHY LHCOIN?
- You will receive a 'Cashback' as monthly income for your operational activity.
- Only limited tokens will be issued, all remaining tokens will be destroyed.
- Insurance is provided by the broker under a system called "Token Rate Insurance System", which will help LHCoin grow in price, by at least 20% annually.
- It will be introduced to world's top exchange markets.
- It is supported by investments directly from LH parent institutions.
- It will also be accepted as a means of payment after completion of the final stage of the project.
ICO
LH's ICO is one of the very few where the smart contract contains two coins, LHCoin and LHCoin_b, which will be equal in price at all points of time. LH coins will be bought by investors and are the main token. LHCoin_b will be used for Bounty programs and other rewards or giveaways. The Soft Cap is $1,000,000 and the Hard Cap is set at $50,000,000.
The pre-ICO took place from 30 October 2017 till 2 December 2017 and 20 000 000 LHCoins were issued during pre-ICO. The market value of one token after the period is over (K1) is calculated according to the formula:
K1= (M1) / (20 000 000)
The minimal price of K1 after the PRE ICO = 0.1 $
ICO started on 4 December 2017 and will go on until 30 December 2017. A total of 50 000 000 will be issued during the ICO. The price of the token increases as each week passes and the price of 1 LHCoin will be (K5) = (K1)*1.21 during the last week of ICO. After the ICO is complete, gift bonuses will be distributed among investors.
REVIEW
LHCoin's principle work is to be an edge security for Forex brokers; it is essential for influencing bargains on Forex and CFD to advertise. One more thing to keep in mind is that LH Crypto is not a startup, but an established and trusted institute which has been in place for almost 13 years now. In 2 years, they expect to have a crypto broker with trade flows comparable to any of top-10 traditional Forex brokers such as Saxo Bank, Oanda, FXCM, etc.
Whitepaper: https://lh-crypto.io/static/WhitePaper_en.pdf
Website: https://lh-crypto.io/
Written by ollivander7
awesome , i can't imagine how much the world has changed,
This looked exciting to me, but then I went to their parent companies website and found that US citizens can not sign up for a Forex account. This has me wondering if there will be the same problems with this division also. The US government is very restrictive (thought we were the nation of freedom - who knew?) and tries to protect us from becoming successful in this area . . .