LCC digital currency custody bank

1.

1、 According to the information "LCC" provided by you, we find the following items:

1. Litecoin cash / LCC

Introction: litecoin cash is a split currency with a block height of 1338540. It is committed to bringing a reliable currency to the world and practicing the original lightcoin as "bitcoin, We also provide reliable transaction confirmation with low handling charges between businesses and users. The successful example of bitcoin cash will also light up the future of lightcoin cash

online exchanges: 6

issuing time: February 22, 2018

2. Digital blockchain / LCC (digital chain)

Introction: Digital blockchain (digital chain / LCC) is committed to developing the third professional blockchain ecosystem besides bitcoin and Ethereum, Digital chain realizes the point-to-point value of traditional digital assets, such as bitcoin, Ethereum and other encrypted blockchain technologies, such as data assets, domain names, network accounts and mobile phone numbers, through value transfer protocol

the goal of digital chain is to become a dedicated public chain platform for global digital assets, explore the combination of digital assets and blockchain, and improve the liquidity, security and value of digital assets

online exchanges: 0

issuing time: November 18, 2017

2. To judge whether a project is safe and deceptive, we can start from the following aspects:

1, white paper

to see a project, the first thing to see is the white paper of the project, which is very important. Usually, the white paper of the project will show the instry demand background, technical background, team information, instry pain points solved, investor relations and the future development plan of the project, etc. When you read the white paper carefully, you will have a clear understanding of the projects you invest in

2, team, consultant and platform boss

we know that investment projects in the investment field, in many cases, will look at people, and investment projects are mostly the founders and teams of investment projects. The blockchain technology talent market is very scarce. Under normal circumstances, there should be senior technical experts in the excellent team. Users must know the relevant information through multiple channels when looking at the project team members. If the project has a star or instry tycoon platform, you should be careful to avoid exaggeration or false publicity of the project

3, whether the project application solves the problem

after having a general understanding of the project, we need to combine with the real background of the instry where the project is located to deeply analyze whether the project has solved some problems of the instry, and whether the application scenario of the project is real and feasible. If the viewpoint of the project is far from the needs and problems of the instry, you should be careful about this project

4. Project code submission Review

users who know a little bit about technology can see the degree of team code submission. If they come out to raise funds without even code, the risk of the project is great

5, the degree of technological innovation of the project

on the level of technological innovation, we need to see whether the project gives full play to the technical advantages of the blockchain, whether there is innovation and whether it is open source. Generally, open source projects will be uploaded to githob. As for the common problems at the bottom of the blockchain, how the project side solves and plans them

6. Pay attention to the fund-raising situation of the project

we can have an in-depth understanding from the following aspects: whether the total amount of fund-raising of the project is reasonable, whether there is excessive additional issuance, whether the token allocation of the project is reasonable, whether there is a record on the official website, whether the team members make fraud, etc

7. Online trading platform

we can also make lateral judgment through the online trading platform of the project. In general, the well-known trading platform has a strong review on the project. If the project is launched on a small trading platform, or even a trading platform that has never heard of, it needs to be treated with caution

8. Refer to the opinions of the third-party project rating agencies

at present, there are not a few third-party project rating agencies in the market. We can refer to the suggestions and opinions of the third-party project rating agencies on the project as a channel for us to understand the project. It is possible that the project rating agencies have different scoring systems for projects, but their final results will not have a big gap, which can be referred by many parties

2. The central bank does not recognize digital currency
on September 4, the central bank and other seven ministries and commissions issued the notice on preventing the financing risk of token issuance, and the ICO trading platform was completely suspended. After September 14, the relevant token platforms successively removed procts or stopped trading. After the news came out, digital currency was boiling

some people can't help asking: with the collapse of ICO and the closure of bitcoin platform, is digital currency over? Here the central bank gives the answer. The central bank reports that around the Spring Festival this year, the block chain based digital bill trading platform promoted by the central bank has been tested successfully, and the digital currency Research Institute of the central bank will also be officially listed. China's sovereign digital currency will accelerate its arrival. Then some people will question whether China will proce its own bitcoin? Here, let's talk about what is digital currency:

digital currency

digital currency is different from virtual currency, not bitcoin or q-coin! That is to say, it is different from virtual currencies such as bitcoin and Ethernet

virtual currency can only be closed in circulation on the network, just like Tencent's q-coin and Dashen's coin on the platform of Dashen software collaborative instry ecological chain. They can only be used for one use of their own procts. Digital currency can be used for real goods and services transactions, but only the digital currency issued by the state is legal digital currency, bitcoin is illegal digital currency. As for legal digital currency, there is no unified international definition. Yao Qian, deputy director of the science and Technology Department of the people's Bank of China and head of the preparatory group of the digital currency Research Institute, believes that the digital currency researched and issued by the people's Bank of China is indexed RMB. From the perspective of national schemes, it belongs to legal encrypted digital currency, which is not only a payment tool but also a currency. Correspondingly, virtual currency is also called illegal fixed digital currency. Li Lihui, head of the blockchain working group of China Internet Finance Association, once said that digital currency must have legal status, national sovereignty endorsement, and clear responsibility subject of issuance. Virtual currencies represented by bitcoin and ethereal currency have no country, no sovereign endorsement, no qualified issuers, and no national credit support. These are not digital currencies.

3. With the support of blockchain technology, build the ecosystem of e-invoice, so that data can be exchanged and shared between third-party platforms, self built platforms, and third-party platforms of e-invoice, and bring real benefits to consumers and enterprises.

4. Dao is an Ethereum entity that allows market participants to set up start-ups and trade or finance their projects in Ethereum. Because of this, many market observers believe that the rise of Dao makes the price of ether currency rise
but Dao is only a project, not a digital currency. Ethereum has been on the trading platform for a long time. The so-called opening is not tenable, but it does not rule out that some people carry out false propaganda activities under the guise of Dao
Ethereum, bitcoin, Ruitai and Laite are all excellent currencies with their own communities.

5. As the name suggests, the Internet of things is the Internet of things. This has two meanings: first, the core and foundation of the Internet of things is still the Internet, which is an extension and expansion network based on the Internet; Second, its client extends to any goods and goods, information exchange and communication, that is, mutual information.

6. The central bank official does not have the so-called digital currency, so be vigilant.

7. Pay the entrance fee in the name of purchasing goods, and develop offline personnel? If you do not meet these two requirements, it is not MLM!

8. LCC is owned by light cone international.

9.

It's illegal

LCC belongs to virtual currency. Virtual currency trading is banned in China

the people's Bank of China and other seven ministries and commissions jointly issued the announcement on preventing the financing risk of token issuance, which clearly regulates the relevant behaviors. Some of the announcements are as follows:

the token or "virtual currency" used in token issuance financing is not issued by the monetary authority, does not have the monetary attributes of legal compensation and mandatory, does not have the same legal status as currency, and cannot and should not be used as currency in the market

at the same time, it also points out that illegal selling and circulation, and raising so-called "virtual currency" from investors, such as bitcoin and ether coin, is essentially an unauthorized illegal public financing behavior, which is suspected of illegal selling token bills, issuing securities, illegal fund-raising, financial fraud, pyramid selling and other illegal criminal activities

for the token financing trading platform with illegal problems, the financial management department will request the competent department of telecommunications to close its website platform and mobile app according to law, request the network information department to remove the mobile app from the app store, and request the instrial and commercial administration department to revoke its business license according to law

extended materials

be alert to the risk of virtual currency speculation

in the "tips on preventing the risks of bitcoin and other so-called" virtual currencies ", the China Internet Finance Association also said that bitcoin and other so-called" virtual currencies "lack a clear value basis, and are increasingly becoming the focus of money laundering, drug trafficking, smuggling Illegal fund-raising and other illegal and criminal activities

investors participate in speculation through the "virtual currency" trading platform, and face the risk of price fluctuation, security risk, platform technology risk, etc., which need to be borne by investors themselves

reference materials: announcement on preventing the financing risk of token Issuance - China Securities Regulatory Commission