What is LondonCoinGold?
LondonCoinGold (LDXG) is a cryptocurrency asset that operates on the ERC20 platform, with plans to transition to the DAG Babble core once development is completed. Babble core is an open-source consensus middleware that is published on Github, and the project aims to fund its commercialization. The purpose of LDXG is to provide a flexible transfer of denominations as a direct replacement for LondonCoin (LDX), which has been in development since 2018.
LDXG serves as a payment and utility token with multiple uses. It is utilized to pay for processing transactions in gold trading, and as a payment method accepted by 700,000 SMEs. Additionally, LDXG serves as the baseline asset in gold trading with accumulated gold, and it is used for governance votes to determine how network resources are allocated through the DAO to be set up in the second quarter of 2022.
LondonCoinGold offers several tools, including the ABM Wallet, which is currently published on Google Play Stores as a beta version. The ABM Wallet can transfer cryptocurrencies with a telephone number and credit card for a simple and fast user interface. Furthermore, Babble core is in development, which is the DAG middleware that has been utilized by other crypto projects with a market cap of more than $5 billion.
There are 5 billion LDXG coins in circulation, with 3.5 billion LDXG allocated for project development and price stabilization. The remaining 1.5 billion LDXG is distributed to major holders, who are the founders and initial backers of the project. The expected circulation in the short term is 100 million LDXGs.
The founders of LondonCoinGold include Brian Kim, who has extensive experience in the telecom and high tech industry in Silicon Valley. Dr. MyongSu Choe is another founder with expertise in D2D systems, and a PhD from McGill University. Additionally, the project has advisors, such as Martin Arrivets, who developed the Babble core DAG-based consensus middleware with experiences in crypto programming. Keith Rabin is another advisor and the CEO of KWRInt, which is a renowned PR firm in New York with an MS from Columbia.
Overall, LondonCoinGold aims to provide a flexible transfer of denominations as a direct replacement for LondonCoin (LDX). It has a wide range of uses, including as a payment and utility token, governance votes, and as a baseline asset in gold trading. The project offers several tools, including the ABM Wallet and Babble core, which is in development. The founders and advisors bring extensive experience in the telecom, high tech, and crypto programming industries, making it a promising project with strong potential for growth.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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