Digital Currency LEOCoin Launches In UK
The virtual currency can be officially traded when its own
exchange, LEOxChange, is opened in Hong Kong
on 2 April. But 100,000 entrepreneurs have already signed up to use the
currency in anticipation of its trading debut, making it second only to Bitcoin,
the founders have stated.
Headquartered in Oxfordshire, LEOCoin said it offers a
direct trading feature, zero transaction fees on purchases and high level
encryption. The currency is also in the process of expanding its online and
offline merchant base around the world.
LEOCoin has committed to releasing a maximum of 28,800 LEOCoins
per day for a limited period of 99 years, equating to a total of one billion
LEOCoin, after which no more will be generated. This means it is designed as a
deflationary currency that will increase in value as demand increases, the firm
noted.
Dan Anderson, co-founder of LEOCoin, said: “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.”
Describing other digital currencies as “complicated,
inaccessible and not user-friendly”, he added: “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.”
Let’s Be The Part Of Largest CryptoCurrency
