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Why can’t LCH coins be traded (LCC coins)?

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Why can\’t LCH coins be traded? The issuance mechanism of LCH tokens is verified

Why cant LCH coins be traded (LCC coins)?

Why can’t LCH coins be traded? The issuance mechanism of LCH tokens is verified on the blockchain network to enable normal operation. However, there is a problem in this system, which is that no one can control the code and source of funds for this project (currently not officially disclosed). And this is one of the reasons.

So what is the reason for LCH? Let’s look at the essence of LCH.

1. The essence of LCH: a digital currency. It is composed of individual numbers, with each number representing one Bitcoin. Whenever a new digital asset is generated, the first new price is automatically generated, and then the price is determined based on market supply and demand changes. Therefore, people can refer to these numbers as LCHs or LCHd, etc.

2. LCH is a special technological product. Its purpose is to increase its usage rate without sacrificing security and prevent the impact of hacking or other illegal activities. If someone finds certain quantities of LCH tokens in their wallet and wants to sell them, they must stop all operations and close the transaction immediately, otherwise it will cause huge losses. However, because users need to provide funds to the exchange to complete withdrawals, they cannot cash out or transfer to platform customers, resulting in delays in transactions.

3. Does LCH token have similar functionality to CryptoKitties? In fact, many projects are doing some technical experimental work, such as developing smart contracts to prevent malicious software from affecting applications; there are also non-fungible tokens (NFTs) like Litecoin, which are unique and indivisible only to the holders, and these items in the game do not belong to the same category.

4. Is LCH token different from CryptoKitties? First of all, it needs to be clarified that although some cryptographic products may have features that allow them to operate in different virtual worlds, such as game props and commodities. But from another perspective, it is not a completely different ecosystem. Just like Litecoin mining pools, Litecoin mining pools provide a unique “economic incentive” for those who participate in them. In addition to mining pools, “economic incentives” also include a range of other applications, including mining reward programs and voting tools. In addition, LCH tokens can also be sent to their wallets as a form of payment, thereby achieving more efficient and faster service. The main purpose of LCH tokens is to help the community maintain the protocol and increase community consensus.

LCC coins

According to official reports, LCC coins are ERC20 tokens based on Ethereum. By using LCC, anyone can issue their own digital asset LCCN (lcc.cash).

LCC is the governance token of the community-driven cryptocurrency project LCC Coin, which is different from other tokens in that it has completely different designs, functions, and economic models; all transactions can be processed through the LCC coin network; there are no central limit orders or settlement mechanisms; there are no issues of price manipulation, etc. (Medium)

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