We all are aware of contributions of India to the technology sector worldwide. The talent that comes from India in the IT sector is enormous.
In every major MNC we name, there is a top level employee from India, for instance Google's CEO Sundar Pichai, Microsoft's CEO Satya Nadella, HCL's chairman Shiv Nadar and the list goes on and on.
Indians are the greatest opportunists and technology enthusiasts, how come they missed out on the blockchain technology? Let's talk about it in detail.
Back in 2012, Mitthan Meena, a graduate from Indian Institute of technology, and post graduate from Stranford University, was enthused with the power of blockchain technology. All of it started that early !
Mitthan Meena with his team started on his journey to launch the first cryptocurrency from India with a use case for making laxmicoin available worldwide with no or low transaction fees for the consumers around the world. At that time of lack of exposure in the industry, Laxmicoin got a trademark registered to prevent anyone from stealing the name. The registered trademark influenced people to interpret that Laxmicoin is being launched by the Indian Government. Due to interventions by the government and lack of support in the country to this industry, Laxmicoin had to drop down on the idea for the time being and kept on researching about the market and waited for the right time to re launch.
In between of this relaunch, many scammers tried impersonating laxmicoin, and Mr. Mitthan Meena was able to sue them for using their trademark and trying to fool people with the name of Laxmicoin and the government of India.
After all the wait and research , Laxmicoin planned a relaunch last year and since then the team is growing every week , and is working hard 24/7 to launch this cryptocurrency with their own mainnet. They have also cleared the air, defeating all the FUDs that they are not associated with any government, and is a completely decentralized cryptocurrency running on their own mainnet just like monero, ethereum, bitcoin, litecoin etc.
Laxmicoin is now all set to launch their mainnet, wallet and mobile miner this year itself. Though there are no dates for their coin offerings yet, but their website ( https://laxmicoin.com/ ) is currently running a free airdrop for up to 2.5 million people around the globe. They are rapidly growing in numbers and have already gained 100k registrations as at writing this article (18th March, 2018).
They also have a hyperactive telegram channel: https://t.me/laxmicoinofficial where they are answering all the queries and educating their community about their non association with any government, and the powerful technology and use cases they are working on, like Rover Network, Smart Contracts, Remittances, almost no or low transaction fees etc.
On their telegram group ( https://t.me/laxmicoincommunity ) , they recently shared a first look of their new and updated white paper which is set to launch this week:
Laxmicoin looks promising, we are thrilled and bullish on it. Can't wait to get our hands on it, can you?
Let us know your thoughts on Laxmicoin in the comments section.