LBXP COIN
We will issue our coin, called LBXP. A strict limit of 1.5 Billion LBXP toklens will be created as a
maximum supply, never to be increased. LBXP will run natively on the Experience Points blockchain, so
every single LBXP transaction will be accounted and could be found in the XP blockchain
LBXP INFO
Name: LionBit
Ticker: LBXP
Algo: X13 (POS)
Circulating Supply: 750 Million
Total Supply: 1.5 Billion
ALLOCATION
- 500 million LBXP will be used in pre selling
- 500 million LBXP will be used for the development of exchange
- 250 million LBXP will be used for the reward system
- 250 million LBXP will be used to hire new developers and marketing
REWARD SYSTEM
A reward system will work during trading: a certain amount of LBXP will be refunded for those who trade
LBXP in our exchange. For example, you traded 1000 LBXP (with one of the trading pairs involving LBXP)
you will get back 2% of that amount. The system being developed is to financially encourage you to trade
on the platform.
NEGOTIATION FEE
The trading rate using all crypto-coins will be 0.25%, while using LBXP markets, the rate will be 0.25%, with
a discount of 0.10%. All markets will have LBXP token as well. Example: in markets like BTC, LTC, XP the rate
will be 0.25%, but in the LBXP market it will be 0.15%.
PRE SALE
In the pre-sale 500 million LBXP tokens will be distributed for 0.01 $/coin price, purchases will be possible
using BTC, XP, ETH, LTC,BBK and SHND crypto currencies.
1st 250 million LBXP Start Date: 2018-07-09 End Date: 2018-08-13
2nd 250 million LBXP Start Date: 2018-08-14 End Date: 2018-09-25
THE EXCHANGE: INTRODUCTION
If we look at the current situation of Cryptocurrency Exchanges, we see big names having only few
cryptocurrencies to trade. They tend to choose only those coins from which they just earn the most. That
often means cryptocurrencies with low hype rate and a little communities can’t even try to trade their
coins. And not only that they take a fee from the Developer Team to list their coins on the exchange, in
additional to that, they want to receive high trading fee’s from the average person trading. With LionBit
Exchange we simply change this.
PROBLEMS AND SOLUTIONS
There are too many many crypto exchanges out there, coinholders or investors have to register on many
different exchanges to be able to trade different cryptocurrencies. Investors have often more than 3
accounts on different websites. This make trading harder and if a new coin comes live on an exchange on
which they do not have an account, investors have to create another new account and learn how to use
that trading platform. In addition to this, in some cases (especially when trading with fiat/crypto pairs),
investors have to do a KYC verification which takes often time-consuming and complicated while you just
want to trade on that exchange for a single coin you prefer.
LionBit Exchange will offer you trading with almost all cryptocurrencies and you will not need to do
any KYC verification processes to trade. You only need an properly secured account and funds to trade
with
SUPPORT
If you have any problem you go to the support section and you want to receive help. Unfortunately,
the exchange on which you are used to do trading, offer only some e-mail ticket-based support, which
start with automated replies and you have to wait days, sometimes months for proper solving of your
issue.
LionBit Exchange aims to become the number one exchange of the future with regard to professional
support. This means, LionBit Exchange will integrate a real Live Support to its website, to ensure that you
get prompt help around the clock, at any time of the day (or night). We will have two Live Support Teams,
they will shift work day and night. So if you get a problem, we always be available and online.
COINS
LionBit Exchange will support trading markets of the following coins:
¦ BTC
¦ LTC
¦ XP
¦ LBXP
¦ BBK
¦ SHND
TRADING PAIRS
The following crypto currency pairs are planned to be traded from the first day of the LionBit Exchange:
XP/BTC XP/LTC XP/LBXP XP/BBK XP/SHND LBXP/BTC LBXP/LTC LBXP/XP LBXP/BBK LBXP/SHND
More trading pairs will be added over time and we will ask the community if they want more trading pairs
and which. This votings will take place on our exchange platform in a dedicated poll section.
TRADE KEY
Our business or trading key allows other users to send funds to any type of currency available. User-to-user
transfers of any available currency are free and instantaneous, so they don’t require waiting for any
confirmations. The business keys are given to the user accounts, therefore you can provide this key to
anyone you wish.
SECURITY
Security of our users’ funds and of the exchange’s trading platforms are priority to us. We employ an
agressive cold storage policy on all currencies in our system. In addition to it, we will implement an effective
and powerful two-factor (2FA) authentication system.
EXPERIENCE POINTS PARTNERSHIP
The original idea came from Evangelo, the CEO of Experience Points (XP Coin), on the basis of which an
exchange is to be developed as the main exchange of XP Coin, where there would be several trading pairs
and it would be possible to buy or sell XP Coin, for example, in XP/BCH, XP/NANO and other trading pairs.
So, as the exchange was being created, there came the idea of having an exchange coin (LBXP),
which would be part of the XP blockchain. After technical implementation and a successful testing period
the main purpose of the LBXP coin was finalised: it should also be used for providing fee discounts in the
exchange. On one hand you enjoy our reward system on the LBXP market and when you have traded 1000
LBXP on the LionBit Exchange (ie. you spend LBXP to buy BTC), you will get back 2% of the traded amount
of LBXP.
