- The partnership will find new ways to provide a fully compliant issuance and sale solution for token issuers
- LCX will use the Zilliqa blockchain and integrate wallet functionality for the ZIL token on the LCX platform, including ZIL (Zilliqa’s native coin)
Zilliqa is a blockchain solution provider for businesses and decentralized applications that offers high performance, scalability, and security. Headquartered in San Francisco, Zilliqa was created in 2017 by a group of business and industry professionals from across the world and seasoned scientists, top-tier engineers, and venture capitalists.
Dedicated to creating innovative and user-centric blockchain solutions, Zilliqa is on a mission to accelerate the transformation of digital infrastructures across global communities and sectors. Zilliqa’s technology has been used to power applications in the arts, asset securitization, decentralized and open finance, content creators and the influencer economy, digital advertising, incentivized marketing, and sports.
Zilliqa Partnership With LCX Exchange
Zilliqa took to its Twitter handle a few hours ago to announce its strategic partnership with Liechtenstein Blockchain Innovator LCX. With the help of LCX’s tokenization technology, the two businesses will find new ways to provide a fully compliant issuance and sale solution for token issuers.
Powering a dApp on Zilliqa and need to carry out compliant token issuance? We're glad to share that @lcx will now provide you with world-class smart platform and legal advisory to make this process smooth and hassle-free. https://t.co/7XsPFH0Bg1 https://t.co/0lqQszdFQz
— Zilliqa (@zilliqa) October 17, 2021
By combining Zilliqa’s technical infrastructure with LCX’s legal knowledge, this new partnership will allow token issuers to access safe, reliable, transparent, and compliant token sale infrastructure from start to finish.
The collaboration will explore tokenization possibilities, conduct initial coin offerings, and utilize LCX’s legal framework for listing projects. Additionally, LCX will use the Zilliqa blockchain and integrate wallet functionality for the ZIL token on the LCX platform, including ZIL (Zilliqa’s native coin). The cryptocurrency token ZIL, issued by Zilliqa, will be listed on the LCX Exchange as well.
According to LCX’s official press release, the partnership aims to reduce the risks associated with uncontrolled token sales and safeguard investors and token issuers from unethical activities. As a result of this collaboration with Zilliqa, a compliant token sale infrastructure will be built using the company’s technical infrastructure.
LCX Exchange is a secure and regulated marketplace for the purchase, sale, transfer, and storage of digital currencies. LCX is developing a blockchain infrastructure that will bridge the divide between conventional monetary systems and the rapidly evolving world of trusted technology. LCX was established in 2018 and is headquartered in Vaduz (Liechtenstein), with subsidiaries in Switzerland’s Crypto-Valley Zug and New Delhi (India).
Future Predictions For Zilliqa
Zilliqa promises to be the world’s first fully sharded public blockchain. This enables for high throughput and transaction rates per second, allowing for scalability. Because each shard handles transactions independently, the number of transactions per second rises as the network and shard count grows. Also, records are instantly uploaded to the Zilliqa blockchain after processing, eliminating the need for confirmation.
Zilliqa aspires to be the blockchain of choice for large-scale business usage, particularly in the gaming, entertainment, advertising, financial services, and payments sectors. The platform “aims to challenge conventional centralized payment systems such as VISA and MasterCard,” according to its 2018 position paper.
CoinMarketCap currently ranks #89, with a live market capitalization of $USD 1,133,561,970 There are 11,877,052,546 ZIL coins in circulation, with a maximum supply of 21,000,000,000 ZIL coins.