Envision Chooses LCX for $7.5M Compliant Token Sale
par LCX Team · January 17, 2022
We are excited to announce that LCX is facilitating the VIS Token Sale through our compliant token sale platform. Envision has selected LCX as their exclusive token issuer to facilitate the initial coin offering of VIS tokens in a compliant manner. It marks the beginning of LCX and Envision’s strategic collaboration and partnership.
“We were very selective when deciding on a partner to conduct our token offering and after speaking with Monty and the LCX team were put to ease that their regulatory prowess was inline with what we were looking for. LCX’s regulatory approval was exactly what we were after and it’s exciting to be launching with approval from regulators” – Miles Bradley – Co-Founder & CFO, Envision
Another Promising New Token Being Exclusively Launched at the LCX Token Sale Launchpad.
LCX’s Token Sale Manager will be used to manage the entire VIS token sale, including KYC, Investor onboarding following anti-money laundering, know your customer, and blockchain analytics (KYT) standards. Envision leverages LCX’s comprehensive token sale manager and crypto compliance suite to manage the VIS token sale in a compliant manner. LCX is conducting both the private and public sale rounds on behalf of Envision.
LCX will prepare the legal aspects and register the sale with the regulator as the official token issuer and token sale manager for $VIS. We are managing several key aspects of the token sale in accordance with our registration with the Financial Market Authority and regulatory approvals. The notification to the regulator will include the White Paper, Terms of the VIS Token Sale, and the independent legal opinion of a reputable law firm classifying the VIS Token as a utility token.
LCX’s responsibilities as Token Generator include smart contract development and creation, investor identification in LCX’s role as Trusted Technology (TT) Identity Service Providers, secure custody in LCX’s role as TT Token Depositary and TT Key Depositary, and listing VIS at LCX Exchange in LCX’s role as TT Exchange Service Provider.
Envision Is Disrupting the Stock Content Market With Blockchain Technology
Envision is the world’s first Web3 solution dedicated to giving stock media creators the power and control they deserve. Deriving utility from NFT and blockchain technology, Envision facilitates the peer-to-peer exchange of stock media content where content creators market and sell direct to consumers, avoiding hefty fees or forfeiting rights as per current centralised solutions.
Envision is an all-encompassing hub for stock content disrupting the stock footage industry. The goal is to build a platform that enables content creators to sell directly to end-users without the involvement of a middleman.
The platform will have two key elements, the creator’s portal, and the marketplace. The Creators Portal lets photographers and videographers upload directly to the Content Marketplace, allowing them to set their pricing, giving power back to creators. Content can be searched for, displayed, reviewed, selected, and purchased/exchanged in the marketplace.
VIS is the native token of Envision that will be used exclusively within its ecosystem. VIS tokens will be distributed for rewards, used in exchange for content rights, and used to receive staking rewards. The VIS token has been created to develop utility with increased adoption and market capitalization.
Find out more about the Envision at https://envisioncoin.finance.
Disclaimer: This content contains forward-looking statements that involve inherent risks and uncertainties, and we might not be able to achieve the predictions, forecasts, projections and other outcomes we describe or imply in forward-looking statements. A number of important factors could cause results to differ materially from the plans, objectives, expectations, estimates, and intentions we express in these forward-looking statements and in other public filings and press releases. We may not achieve all of the expected benefits of our strategic initiatives and partnerships. Factors beyond our control, including but not limited to the market and economic conditions, changes in laws, rules or regulations and other market challenges, could limit our ability to achieve some or all of the expected benefits of these initiatives. This content is not financial advice and should not form the basis of any financial investment decisions nor be seen as a recommendation to buy or sell any good or product. Trading cryptocurrency is complex and comes with a high risk of losing money, particularly if you trade on leverage. You should carefully consider whether trading cryptocurrencies is right for you and take the time to learn how trading works and decide how much money you are prepared to lose.
Legal Disclosure: LCX is a regulated entity and gained regulatory approvals as a token generator, token issuer, exchange service provider, price service provider and other legal roles according to the Liechtenstein blockchain act. LCX is acting as a trusted technology service provider for this token sale. LCX and Monty Metzger are closely involved in getting compensation and fees paid in the project token and other assets. From time to time we will engage in transactions of our own tokens.