Monday, March 12, 2018

Cryptocurrency exchange to initiate an ICO of a gold backed crypto backstopped by a mining company

As we have seen over the past few months, the rise of gold backed cryptocurrencies appears to be overshadowing the unbacked ones that dominated the market a year ago.  And it seems that each new week brings about a new ICO which provides the promise of resource backed digital money.

And this week is no exception as on March 12, Lightcash announced the implementation of an ICO which will support their cryptocurrency exchange model and be backstopped by gold deposits from a Russian mining operation.

Lightcash has announced that their Pre-Sale has begun for an ICO that is expected to be a top performer of the year. Lightcash is a financial marketplace that offers solutions for integrating existing world economies with decentralized economies. Lightcash has developed the first entirely legally compliant decentralized exchange for operations with cryptocurrencies, fiat currencies and the Lightcash Coin secured by real gold mined from gold deposits in Russia. The platform has an unparalleled amount of security features and user benefits that rival just about any digital currency wallets available online. The array of features include a multi-currency wallet, foreign currency trading, plastic debit cards and deposit accounts that pay interest for ICO participants. 
The team at Lightcash have a combined experience of over 50 years in everything from blockchain programming to finance and gold mining. The controlling company of the Lightcash project also own Lapri Mining Company, LLC, an operating gold mining enterprise. The Lightcash cryptocurrency Crypto Gold (LCSH) is backed by gold that is mined from an operating gold deposit owned by Lapri Mining Company. Lightcash has designed an app to make it easy to instantly exchange Lightcash tokens for fiat currencies or to shop for goods within the Lightcash ecosystem. The Lightcash iOS and Android mobile apps provide maximum ease of use and speed when managing finances. The Lightcash platform algorithms provide an effective, automated currency exchange rate comparison, which can be used for P2P exchanges on different cryptocurrency exchanges. – Digital Journal

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