LeoCoin Steps Into Ring To Challenge BitCoin
On Wednesday of this week a new alternative to Bitcoin was
launched in London , United
Kingdom with official trading for the new cryptocurrency
on the block beginning during next week at a global exchange based in Hong Kong .
The company behind LEOCoin are based in Oxfordshire UK and are called Learning
Enterprises Organization (LEO) which were traditionally providing learning
services to the business community.
They have claimed that their product has already been
promoted to their current client base and that there are over one hundred and
thirty thousand registered businesses set to use LEOCoin.
If these claims are true it gives this coin the potential to
be the number two cryptocurrency in the world almost instantly, and
a challenger to the undefeated world heavyweight champion of digital
currencies, Bitcoin.
LEOCoin has its own exchange as well called LEOxChange which
will go live this coming April 2nd, and it is claimed other exchanges will
be recognizing it also, although no names of which ones have
been revealed as of yet.
The key features of LEOxChange are:
Then again stranger things than this scenario have happened
in the crypto-world before, although I personally won’t be buying a ringside
seat to watch in this case as I just don’t see the competition there.
Instant Transactions: Direct trading between LEOxChange
members (which includes suppliers and retailers) means there are no
intermediaries so you can set your own bid and offer prices and the volume you
want to trade.
Zero Commission: No commission or transaction fees on
purchases, but a small commission on sales.
Transparent & Easy To Use: Easily understood bid and offer
prices and quantities are on display. Full details of the trades completed are
visible on an online ledger.
Secure: High level encryption systems keep all transactions
and records secure, keeping your trading environment and personal data safe.
The total amount of LEOCoin is set to be one
Billion over a period of ninety nine years, with a maximum of 28,800
coins released daily.
The team behind LEOCoin designed and commissioned a survey
to highlight the borderless nature of cryptocurrencies focusing on one thousand
senior decision makers from small to medium sized businesses.
Dan Anderson, co-founder of LEOCoin at an event held at
the Tower on London
“The launch of LEOCoin today is an important chapter in the
evolution of the global digital currency market and is a big statement
about the future of the sector against a backcloth of skepticism to date.”
“The industry needs to do much more to establish its
credibility – this was borne out by the YouGov study which showed
that whilst SMEs find transaction fees a concern when doing business
abroad, 85% indicated they were unlikely to use a digital currency. Also it
revealed that whilst awareness is very high at some 86%, only two percent
already accept a digital currency.
“These numbers don’t surprise us given the negative
publicity many of the digital currencies have had. We believe this has been
down to such currencies being complicated, inaccessible and not user friendly.
“We aim to address these issues to give users confidence by
providing a transparent and straightforward operating system. We have also
focused on developing a currency that is intended to be used by everyone.
“Consequently we anticipate that within five years,
individuals and casual users will have increased exponentially as ordinary
consumers start to see the benefits of privacy and security offered by LEOCoin,
whether trading at home or abroad.
“This is a very dynamic and fast moving area in financial
services and we are aiming to bring digital currency into the mainstream.”
Personally I wish the team behind LEOCoin the best of luck
with their new venture, but I don’t hold out any faith of it even
getting a few jabs at Mike “Bitcoin” Tyson in the ring.
Bitcoin in my opinion has too much of
a dedicated community behind it, hashing power, venture capital
backing, as well as some of the best and most creative developers in the world
working on its future infrastructure and applications, for any coin to be
able to properly challenge its undefeated title for the
foreseeable future.
Let’s Be The Part Of Largest CryptoCurrency
