Lightcash Blockchain System

First Legal and Secure International System for Exchanging Cryptocurrencies for Fiat

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CS Score

4.9

Outlook:

Negative

Lightcash Blockchain System – by ,
4.9/ 10stars

Ended

2018/03/12 - 2018/04/11
ICO
Lightcash Blockchain System
Token
LCCT
Price
1 LCCT = 0.0002 ETH
Platform
Ethereum
Accepting
BTC, ETH, Fiat
Bounties
Not Available
Bonus
Available
Min. investment
0.1 ETH
Hard cap
210, 000,000 LCCT
Country
Belize

CS Score :

4.9

Outlook :

Negative

Idea 50%
Idea 5.7
Competitiveness 3.0
ICO 5.4
Team 6.4
Community 2.4
Marketing 7.0
Documentation 7.1
Financials 6.0
Reliability 3.0
Feasibility 5.4

Based on our team’s analysis, we believe the market they are entering is not gaining much popularity to sustain their targeted growth (300% growth in first year and further 200% in second year). With many strong competitors identified and no prototype having been released to date, we hold some reservations on their initial development and their projected growth, especially on whether its token will be treated as a security token, thus being subject to much tougher legal requirements.

Idea
Lightcash has presented a rather confusing view of its business model as it is not clear whether the exchange platform or the gold-pegged token is the actual appeal or focus. Even regarding the exchange platform itself, Lightcash does not seem to have identified the priority for its functions. Our team considers these a major hurdle for investors to buy into its idea.

Competitiveness…

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From the regular person’s point of view, the main obstacle for using crypto is high volatility. The course of popular coins can go up and down significantly in a very short time.

Take Bitcoin, as an example. By the beginning of 2017 its cost was about $1000 and by the end of the year it had skyrocketed to $13,700. That sounds pretty cool, but by mid-December 2017 its value was actually around $19,783. The cost of such fluctuations for cryptocurrency holders amounted to almost $1 billion.

This is why many cryptocurrency wallet owners use them only for speculation, in the hope of gaining some profit from these price changes and not for the real usage of crypto.

In order for the optimistic future of the blockchain described by analysts to come true, it is necessary to create a tool to minimize the traditional limitations of the cryptocurrency and allow maximum use of their advantages.

Our new Lightcash service aims to solve this very problem. Its internal cryptocurrency is not mined, instead it is secured by real gold from mines and deposits in Russia.

Sales of the project’s internal cryptocurrency LCSH are scheduled for May 2018. Lightcash will close the deal to acquire a new gold deposit in summer. Gold mining will start there immediately.

Team Members

Vyacheslav Vokin
CEO & Co-founder
LLB

Alexey Kholmogorov
Lightcash Co-founder, owner of the gold mining company “Lapri mining”

Mikhail Maksimovich
CMO Head of digital marketing

Artem Yakovlev
Team Leader

Alexander Lashkov
Public Relations

Aleksey Pechkin
STO Technical Director

Alexey Krutko
Designer

Valeriy Popov
Chief Engineer

Ivan Sheveler
Chief Geologist

Igor Kolomicin
Chief Mark Surveyor

Vyacheslav Vokin
CEO & Co-founder
LLB

Alexey Kholmogorov
Lightcash Co-founder, owner of the gold mining company “Lapri mining”

Mikhail Maksimovich
CMO Head of digital marketing

Artem Yakovlev
Team Leader

Alexander Lashkov
Public Relations

Aleksey Pechkin
STO Technical Director

Alexey Krutko
Designer

Valeriy Popov
Chief Engineer

Ivan Sheveler
Chief Geologist

Igor Kolomicin
Chief Mark Surveyor

Advisors

Simon Cocking
Advisor

Reuben Godfrey
Advisor

Amosov Roman
Advisor

Simon Cocking
Advisor

Reuben Godfrey
Advisor

Amosov Roman
Advisor

February 2, 2014

The birth of mankind

Something really big happened around this period of time. It affected all of humanity. That explains everything.

February 2, 2014
May 10, 2015

The birth of mankind

Something really big happened around this period of time. It affected all of humanity. That explains everything.

May 10, 2015
June 21, 2016

The birth of mankind

Something really big happened around this period of time. It affected all of humanity. That explains everything.

June 21, 2016
Sep 2017
LLC “Lapri mining” based, which is engaged in mining of ores and sands of precious metals. License for geological survey, mineral exploration and recourse development was obtained.
Sep 2017
Dec 2017
Lightcash OpenAPI platform test. Token protocol development, integration with scoring platforms, setting up self-regulatory token exchange algorithms.
Dec 2017
Feb 2018
Execution of the site for ICO. Testing the Smart contract. General audit of the project.
Feb 2018
Mar 2018
March 5th, 2018 – pre-sale start. March 12th, 2018 – ICO start. The launch of the service beta version.
Mar 2018
May 2018
Release of the service. Market launch of its cryptocurrency Lightcash Crypto Gold (LCCT).
May 2018