Legolas Exchange LGO

$0.0678
Market Cap $ 8.649 MM (#319)
24h Volume $ 22.141 K
Chg. 24h: -10.39%
Algo. score 3.0/5  (#557)
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Legolas Exchange project purpose and description

Legolas Exchange clarity of purpose

Legolas Exchange purpose and aspects

Legolas creates a new decentralized blockchain protocol that guarantees full transparency and prevents front-running and market manipulation. Legolas combines features of both centralized and decentralized architectures in order to exploit the best of both worlds: fiat support, strong authentication, simplicity, as well as transparency and fairness. Our extensive experience designing reliably secure systems and our strategic partnership with Ledger ensure state of the art safeguards for crypto assets.

Legolas Exchange categories

Decentralized exchangeMarketplace

Short description

The Legolas Exchange is an exchange that runs on an hybrid model, incorporating a decentralized ledger within its proprietary centralized platform in a bid to provide unalterability, temporality, and transparency of the order book. The exchange system is fueled by the LGO token, an ERC-20 token based on ethereum used to pay for Order fees and other paid services provided by Legolas.

Abstract

The crypto community has been plagued by opa ue and unprincipled exchanges. Improving and strengthening these fundamental links within the community must be front and center. With cryptocurrencies emerging as a legitimate asset class, nancial institutions are working on entering this growing market, but they currently lack the tools to make large investments that remain in line with their security and transparency needs.mWithin this context, Legolas Exchange is committed to creating a trustworthy, demonstrably fair and bank-backed premium protocol where traders and investors, small and large, can transact without doubting the integrity and robustness of the platform or its order management system. Legolas Exchange’s protocol incorporates a decentralized ledger within its proprietary centralized platform in order to neutralize front-running, guarantee the inalterability, temporality and transparency of the order book, and ensure a fair trading environment. Led by an experienced team of nanciers and successful entrepreneurs, Legolas Exchange has partnered with global brokerage rm Makor Capital. Makor operates a broker dealer business trading under 2 brand names, Makor Securities London Limited, regulated by the FCA, and Oscar Gruss and Son Inc, regulated by FINRA and the NFA. Makor will provide Legolas Exchange customers with custody of their deposits at major banks, and access to hundreds of nancial institutions already onboarded.

Link to Roadmap: n/a
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