Have you ever heard about Forex? In summary, Forex is known as foreign exchange, Fx or exchange trading, a decentralized global market where all the world's currencies trade. The Forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion. Forex has been there for many years and is getting popular and popular. But there are some downsides of Forex which has causes some problems to the traders and Forex brokers. Let's us see what are the major disadvantages can be causes for these people:-
Forex brokers can only open accounts with limited number of currencies like USD or Euro due to most of the transactions are based on these two currencies. This has causes problems to others Forex brokers that are from others country which used different currency. They might faced some issues for the clients based in Arab Countries or Asia which has strict regulations and the brokers might loses some potential markets.
The regulations of the financial work different in different country. Therefore, the client might need increase their expenses to obtain the license.
High transactions fees when making transaction using bank card. This has been a major issue for the Forex brokers as the commission is 6% for each transaction. Imagine if the a client is transferring an amount of $100,000 worth of transaction, it would charge an amount of $6,000 for the transaction that he had made.
As cryptocurrency has become popular in these years, i believe many people had invested and be part of the market. This also causes a problem for who those internet users who traded cryptocurrency with the Forex Broker. Due to cryptocurrencies are not available in Forex, the internet users have to transfer their crypto into fiat currencies at an unfavourable prices. This is why most of the client who wish to trade cryptocurrency do not wish to use broker services.
So, in order to solve the problems, Larson&Holz has proposed a way to solve these problems and the ICO name is called LHCrypto.
The First Crypto Broker - LHCrypto
First of all, let me introduce the company Larson&Holz. Larson&Holz is an existing company that involves business as a Forex and Binary Options Broker. The company starts working since 2004 and their clients are individuals and groups that plays on the fluctuations like currency (cryptocurrencies), oil, shares, gold and etc. Besides that, they have their own in-running brokers services which are ready and available to use. This is the link which pointed to the brokers services if you wish to test and try it out. This shows that how experience and expert they are in this field. Due to it is an existing company, it makes the company more trustworthy compare to others ICO which only proposed an idea without any company background.
The company has proposed an ideas of creating a cryptocurrency's version of Forex which making transactions with cryptocurrencies. So, you might thinking now what is the different between crypto brokers and exchange website? Crypto broker usually is believed to be simple currency exchange office. It used the same concept as the normal currency exchange but just using cryptocurrency for the transaction and it can be profitable, high potential and useful business. They do not create another exchange website or currency exchange office, but with something completely different. So, let me explain to you what is the interesting part and benefits of the project.
By using the Cryptocurrencies and Blockchain technology, it helps the clients from others countries like China, India, Vietnam, Malaysia and etc to make payments easier compare to Forex as the countries mentioned above have strict regulations when transferring money to foreign companies and facing issues that the Currency Laws is preventing the money to transfer to these company. With this project, it able to open up a huge potential of market in brokerage service.
Making transactions in cryptocurrencies will open up a market for the numerous number of target audience which is familiar with the cryptocurrencies and interested in it.
The brokers can cut down their expenses as making payments and storing fund in cryptocurrencies does not requires a physical store and able to work in the internet. Furthermore, the brokers does not need to obtain licenses, and the financial regulators' restrictions of different countries are at their minimum. This allows them to have more clients.
Lastly, making transactions using cryptocurrencies ONLY CHARGE 1% PER TRANSACTIONS COMPARE TO USING BANK CARD. This means the clients and the brokers can be benefits and save more.
LHCrypto Pre ICO
For LHCrpto Pre ICO, the information will be shown as belows:-
- It will lasts for one month (starts from 30/10/2017 to 02/12/2017)
- 20,000,000 of #LHCoin tokens will be issues during the whole period of the PRE ICO
- The price of the #LHCoin Token will be calculated based on the results of the PRE ICO
LHCrptyo ICO
For LHCrpto Pre ICO, the information will be shown as belows:-
- It will lasts for four weeks ( Starts from 04/12/2017 to 30/12/2017)
- 50,000,000 of #LHCoin tokens will be issues during the whole period of the PRE ICO
In my opinion, LHCrypto is an interested and potential ICO that will be successful. Furthermore, they are experienced company which has more than 10 years experience in this market and field. More importantly, they are existing company which have good reputations.
For more information about LHCrypto, you can check out in:
LHCrypto Website
LHCrypto Facebook
LHCrypto Medium
LHCrypto Telegram
LHCrypto Whitepaper
LHCrypto Twitter
Larson&Holz Existing Website