Ever hear of Liechtenstein? Well, you might want to read up, because it has the world’s highest GDP and its own national blockchain. In this video I take a look into the country home to the LCX Exchange and analyze why they may have sowed the seeds long ago to be a powerhouse when it comes to global crypto.
0:00 Intro
0:31 Country Tour
1:13 LCX Exchange
2:05 Tokenomics
2:44 Use Cases
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Older how does a country have the size Of Atlanta Have the world's largest GDP and has its Own National blockchain and by the way Seems to comply with the iso 20022 Standard board one word money let's get It Welcome to Bill Walker trip my name is Ben don't forget smash that like button And don't forget to subscribe to the Channel today we're going to be talking About Liechtenstein Lichtenstein however you pronounce it We're gonna go there Lichtenstein has Been around since the year 1140. it's Named after the family that started the First monarchy in his capital city of Vaduz it's landlocked On all sides and extremely mountainous But somehow it's become a center for Banking and it's Uber powerful and they Even get a little bit tourism for people Like visiting countries with weird names But here's a very interesting fact it Has more companies inside its borders Than people it's so shady it doesn't Even have trade relations with the United States and it isn't part of the EU and yet it has economic relations With EU powerhouses like Germany and Switzerland it's got the highest GDP per Capita in the world a hundred and eighty Thousand dollars per person now let's
Talk about the lcx exchange in the EU Now you can't talk about the lcx token Until you start to understand how Important the exchange is the Liechtenstein crypto exchange or lcx was Made after the blockchain Act was put Into law massari well they consider the Blockchain ACT to be extremely crypto Friendly see back in 2018 lcx knew that Crypto was the future of Finance so they Latched on to tokenization exchanges and They didn't look back now lcx has a Little bit of everything and I do want To point out this is definitely not a Sponsored video we've never had any Contact with the lcx team and we don't Own any lcx tokens as of this moment for The remainder of the bull run I don't Know maybe down the road we add some but It's not our plans right now but lcx has Spot trading trading Bots a decks called Fire salamander it has an sto token Launch pad and of course it's the home Of the lcx token itself so talk a little Bit about the lcx tokenomics the lcx Token is a utility token of the lcx Exchange I heard that one before similar To binance coin you pay for trading fees Processing fees subscriptions and more Now it's an erc20 token and it's Currently ranked in between 350 and 400 On coinmarketcap.com has a current Market cap at the time is recording of About 38 million dollars and it's
Extremely fast it's set up to be Possibly the settlement system of Europe It's six cents per transaction and it Can do 100 transactions per second not Insanely fast but it's perfect for Sending Bank wires and it's primarily Going to be used by businesses so take a Quick look at the use case here lcx is In position to be the crypto exchange For big Banks and high net worth Individuals in Europe it has opaque Business laws you can barely see through Them kind of like Switzerland which Makes is an ideal for Mega corporations Maybe even Russian billionaires or Oligarchs anyone trying to do business In the EU without being in the EU with Possible ISO 20022 compliance and broker To regulation lcx could end up becoming A major player in the next Bull Run as We see adoption ramping up all around The world now this project was recently In the news a few months ago as it was Part of the coinbase insider trading Scandal where the SEC is doing an Insider trading and they took nine coins And they said oh these are securities we Don't know which of these nine coins Will ultimately become Securities for Sure but lcx is on that list so be Careful that's all I got be blessed good Boy out [Music] Thank you
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