LXCCoin - going public

As there was no info on the LXCCoin on this forum I wanted to add this - FYI only. The LXCCoin has no affiliation with Librexcoin, which also uses the LXC abbreviation, to point that out clearly right away.

LXCCoin is based on Bitcoin but with Blackcoin POS and certain additions, running on a speed-supported node network but with staking through owners’ wallets.

LXCCoin has chosen another path than most other coins - targeting a fiat link and fiat profitability, making it a bit boring if you're a hardcore "to the moon!" enthusiast, but for long-term use it makes sense. There are no free coins and no dumping, but a 1% per month increase in value, as the LXCCoin is backed 1:1 in cash which is used for P2P lending - see the website for a further explanation.

A blockchain explorer and other tools have obviously been provided for public scrutiny, all available on GitHub.

The company behind the LXCCoin was announced bought by a US listed company last week - you can read more about it in the press release on CNN Money: money.cnn.com/news/newsfeeds/articles/marketwire/1178641.htm
-the stock went up close to 80% following the news (but on low volumes). This makes the LXCCoin the first listed cryptocoin in the world, trying to show that cryptocurrencies are more than a fluke and are here to stay, and hopes to showcase a number of uses that should boost cryptocurrencies in general and provide a lot of understanding on the advantages and usability of digital currencies.

LXCCoin has purchased a poker company (Prostaker Limited) in Malta as a gateway into the gaming market, and have announced the intent to release a cryptocoin based mobile banking venture in collaboration with partners in the second half of 2015, amongst other services with a crypto coin backbone being developed.

The LXCCoin team also bought the software platform from CoinNext Cryptocoin Exchange last year, and is currenly beta-testing it as a part of the LXCCoin release. The platform is now at swypto.exchange, but is only open for bitcoin and LXCCoin.

With great respect for the BTC, LXCCoin hasn’t applied for being listed on the coinmarketcap list, as it would be the highest ranking coin without any actual trading (and that would just look dumb). Following the launch of additional real-world services (iGaming, mobile banking and P2P Lending services) the coin may however shortly be in a better position to apply for a CMC-listing with an actual purpose.

The LXCCoin was first released in June 2014, and the LXCCoin name was applied as a trademark shortly after. This was before the Librexcoin took the LXC ticker (probably without knowing there were more users of the name, as both LXCCoin and the LuxuryCoin was using the LXC ticker even before that), and the LXCCoin was at the time the second coin to link to fiat currency. The coin was taken out of circulation in October 2014 and was reintroduced last week. Its ticker is XWBC, and will hopefully show up on your favourite exchange during 2015. The company stock market ticker is SGBZ:US (which is expected to change shortly). The company is fully funded for the launch and first years of operations, and is already cash flow positive from its poker operations.

We hope to link up and join forces with several operators in the bitcoin/altcoin community in the near future, and utilize some of the great features already created for similar coins and therefore I wanted to put a bit of info out here for future reference.

For more information, please see the lxccoin com website.