Zilliqa Chooses LCX to Bring Compliant Token Sale Infrastructure for Zilliqa-Based dApps
par LCX Team · · Updated February 6, 2023
Today, we have inked a partnership agreement with Zilliqa. Zilliqa is a high-performance, high-security blockchain platform renowned for its speed and scaling capabilities.
Legal structuring has become one of the most sought-after topics as the hype surrounding crypto possibilities and companies has grown. It has become essential to have a consistent legal structure. We hope that by forming this partnership, we will be able to provide legal guidance in this rapidly changing and challenging legal environment and assist them in forming a compliant token sale structure.
Our mission is to mitigate the risks associated with unregulated token sales and protect both the investors and the token issuers from malicious practices. This partnership with Zilliqa will leverage its technological structure to establish a compliant token sale infrastructure.
Zilliqa’s technological infrastructure combined with LCX’s legal expertise will provide an end to end solution that will enable token issuers to access secure, reliable, transparent, and compliant token sale infrastructure.
With this partnership, we are expanding the LCX Token Sale Manager and Sales Platform for Zilliqa to provide compliant token sale infrastructure to all Zilliqa-based dApps. LCX will also support the Zilliqa blockchain and its native token ZIL on the LCX platform.
Zilliqa will leverage LCX’s compliant token sale manager to offer a faster and more efficient alternative to smart contract token creation, investor onboarding, and KYC management.
From this strategic partnership, the Zilliqa community and LCX community will benefit in numerous ways:
- Compliant token sale Management: The partnership will explore opportunities for tokens to be issued, run initial token sales, and leverage LCX’s legal framework for listing projects. LCX will offer a fully compliant solution for token generation, token sale management, investor management tools (whitelist, allocation controls, and more), battle-tested compliance services (KYC/AML, KYT, Regulation D, and Regulation S support), and registering the token sale at the registrar. LCX Token Sale Manager comes with world-class technical support throughout the entire process.
- Technical Integration: LCX will implement Zilliqa blockchain and add support for ZIL token at LCX platform, including integration of wallet support for ZIL (Zilliqa’s native cryptocurrency).
- Exchange Listing: LCX will also be listing Zilliqa’s cryptocurrency coin ZIL at LCX Exchange.
The LCX’s compliant token sale manager, introduced at the top of the Zilliqa, will enable organizations to use LCX’s legal framework to issue tokens easily, run initial token sales while adhering to the legal and regulatory requirements applicable to conduct compliant token sales.
About Zilliqa
Zilliqa provides highly performant, scalable, and secure blockchain solutions for enterprises and decentralised applications. Founded in 2017, Zilliqa was developed by a team of global business and industry experts, experienced scientists, leading engineers, financial services specialists, and venture creators. Committed to developing innovative and scalable blockchain solutions with a user-centric approach, Zilliqa is driven by the mission to catalyse and transform digital infrastructures across global communities and industries. Zilliqa’s technology has served as the backbone for use cases across the arts, asset securitisation, content creators and the influencer economy, decentralised and open finance, digital advertising, financial services, incentivised marketing, and sports.
To date, the Zilliqa blockchain has processed over 25 million transactions since launching its mainnet and is home to a flourishing decentralised application ecosystem of over 200 projects.
For more information, visit: zilliqa.com.
About LCX
LCX.com – Innovating Capital Markets. Solutions for compliant digital assets and security tokens. LCX Exchange is a secure and regulated platform for buying, selling, transferring, and storing digital currencies. LCX is pioneering a blockchain infrastructure bridging the gap between traditional monetary systems and the fast-moving trusted technology landscape. LCX was founded in 2018 with headquarters in Vaduz (Liechtenstein) and branches in Crypto-Valley Zug (Switzerland) and New Delhi (India).
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