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LBank Exchange to list VNX Gold (VNXAU) on October 25, 2022 – Press Release Bitcoin News
press release
PRESS RELEASE. INTERNET CITY, DUBAI, 24 October 2022 – LBank Exchange, a global trading platform for digital assets, will list VNX Gold (VNXAU) on October 25, 2022. For all users of LBank Exchange, the VNXAU/USDT trading pair will be officially available for trading at 10:00 UTC on October 25, 2022 .
Using the blockchain technology to tokenize the physical gold, VNX Gold (VNXAU) provides the reliability of gold with the flexibility of a crypto asset and enables users to buy and sell the purest gold from anywhere in the world. The token VNXAU will be listed on the LBank Exchange at 10:00 UTC on October 25, 2022, to further expand its global reach and help it achieve its vision.
Introducing VNX Gold
VNX Gold is a project under VNX that enables users to easily manage all their gold transactions with digital tokens. The tokenization of gold allows users to skip the hassle of visiting a vault or bank, and invest safely from anywhere in the world.
As the first registered EEA investment platform for precious metals under the Blockchain Act (TVTG), VNX complies with the regulations and leading standards for investor protection. It believes that users should be able to transact precious metals from anywhere in the world, with full confidence and protection.
When purchasing precious metals, users are issued a token on one of the supported blockchains. This symbol represents their individual ownership of the actual physical metal stored in high security European vaults, independent of the banking system and in full compliance with applicable laws. While tokens can be sold on the platform or crypto exchange, the user’s physical bars can be personally retrieved from the vault and delivered anywhere in the world on demand.
Furthermore, the user’s investments will be significantly simplified with tokenization. VNX offers a seamless, easy-to-use digital platform that allows users to buy and sell precious metals for Euros and cryptocurrency and transfer them 24/7 to their crypto wallet anywhere in the world. And users can enjoy a competitive fee structure with no storage fees.
VNXAU is a multi-chain token that will be available on different blockchains. With the listing on LBank, VNX Gold issued its gold-backed tokens on the Q blockchain.
Q is a new Layer 1 blockchain that offers the highest level of security for high-value use cases such as asset-backed tokens. The issuance of VNXAU on Q allows token holders to enjoy high-performance transaction capabilities and solid trust created by the Q ecosystem.
About VNXAU Token
VNX Gold (VNXAU) is a multi-chain token that represents ownership of specific physical gold bars purchased and stored in the VNX Gold holder’s name in a highly secured professional vault in the Principality of Liechtenstein. It is freely transferable on the supported blockchains and can be transferred to anyone
Each VNX Gold token holder is the sole legal owner of the gold subject to successful registration, identification and passing the anti-money laundering check on the VNX platform. Each VNX Gold token confirms the ownership of one gram of gold in a specific gold bar. There are no ultimate VNX Gold supply limits because the number of VNX Gold tokens generated is driven by client demand.
The VNXAU token will be listed on the LBank Exchange at 10:00 UTC on October 25, 2022, investors interested in the VNX Gold investment can easily buy and sell the VNXAU token on LBank Exchange by then. The listing of the VNXAU token on the LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
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About Q Blockchain
Q is a new blockchain with a focus on transparent and enforceable governance.
Q’s vision is to create a comprehensive governance framework for the decentralized world, enabling the most demanding applications and use cases. With its unique two-tier node system and a dispute resolution mechanism built into the protocol, Q offers unparalleled security.
This makes Q the ideal platform for high-value use cases, such as asset-backed tokens issued by VNX. Users can rest assured that their assets are safe, while enjoying the benefits of a high-performance blockchain such as high transaction speed and low costs. In addition, the Q ecosystem offers all the features and tools you would expect – purpose-built wallets, convenient user interfaces, token bridges to other blockchain ecosystems, and much more.
Q is supported by the Q International Foundation, a non-profit entity based in the Principality of Liechtenstein.
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About LBank
LBank is one of the best crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services and secure crypto trading to its users. The platform has over 7 million users from more than 210 regions worldwide. LBank is a pioneering growing platform that ensures the integrity of users’ funds and aims to contribute to the global use of cryptocurrencies.
Start trading now: lbank.com
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Contact information:
LBK Blockchain Co. Limited
LBank Exchange
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