Bitcoin Forum

For immediate release:
Cryptocurrency Inc. issue a price target of $5 per each Librex coin.
http://cryptocurrencyinc.com/images/CryptoCurrency.png

Hybrid investment crowdfunding platform  Crowd of Angels has announced an opportunity to invest in a crypto-currency.  LXCCoin is described as the “worlds first asset based crypto-currency.  The company states it has “both 100% real asset value and inbuilt profitability”,  The expected annual rate of return is predicted to be 12%-15%.  LXCCoin is seeking to raise up to £250,000 at a valuation of £2 million in this raise on the Crowd for Angels platform. As an additional incentive, LXCCoin are offering registered Crowd for Angel investors who visit the LXCCoin pitch, a wallet and two coins even if they do not ultimately invest.

Crowd of Angels states that “LXCCoin represents the ‘second generation’ of crypto-currencies and has a number of advantages over existing, ‘first generation’ coins. The main benefits of creating a fully asset backed and profitable crypto currency are full investment recoverability, making it a real and predictable asset, giving real profit, having extremely low power consumption compared to i.e. Bitcoin, ensuring fast transaction times, granting full convertibility towards other coins and cash, creating stability, forecast-ability and liquidity.”

Tony_De_NazarethAccording to the LXCCoin web site the company was founded in Denmark in 2012 and became a UK holding company in 2014. LXCCoin links the value of their currency to a “multi-currency interest bearing instrument”.  Per the description, “All invested funds in the LXCCoin are invested directly in P2P lending”.

Article source:
http://www.crowdfundinsider.com/2014/09/49734-crowd-angels-lists-crypto-currency-crowdfunding-platform/


Algorithm: X11
Total amount of coins (POW): ~10 Million coins from PoW mining + 2% yearly stake interest.
Block time: 60 seconds
Block reward schedule:
blocks 0001 - 1000:   700  LXC  //      700,000 LXC
blocks 1000 - 2000: 2500  LXC  //    2,500,000 LXC
blocks 2000 - 6000: 1500  LXC  //    6,000,000 LXC
blocks 6000 - 8640:   303  LXC  //      799,920 LXC

               Total coins POW      // = 9,999,920 LXC

Difficulty re-target: every block
Nominal stake interest: 2% annually
Min transaction fee: 0.0001 LXC (Fees are paid to miners)
Confirmations on Transactions: 10, maturity: 40
Proof-of-Stake Minimum Age: 2 hours
Proof-of-Stake Maximum Age: 8 hours
P2P port: 61778
RPC port: 61777
Premine: 0%
No IPO

Proof-of-Work(POW) lasts until block 8640, or approximately 6 days.
 
Proof-of-Stake(POS) interest will begin generated after block 7000,
with combined PoW+PoS mining until block 8640 and pure PoS from block 8640.
http://23.94.38.173/lxc/new2/img/bg.gif