Liechtenstein-based blockchain platform LCX has introduced a comprehensive new end-to-end tokenization framework. This updated system makes it easier for users to gain exposure to precious metals through the digital asset space. This innovative system centers around three new utility tokens: LCX Gold (LCXG), LCX Silver (LCXS), and LCX Platinum (LCXP). These tokens serve as your passkeys to Tiamonds NFTs. Each NFT represents your ownership of gold, silver or platinum—all securely stored in insured vaults.

LCXG: Accessing Gold NFTs

LCX Gold (LCXG) serves as the utility token that provides access to a unique Tiamonds Gold NFT. One LCXG token is redeemable for access to one Tiamonds Gold NFT, which serves as a digital representation of a claim on physical gold holdings.

Using the LCXG token, you will be able to redeem and unearth a Tiamonds Gold NFT. Just take advantage of the LCX Tokenization Bridge to access it! This bridge allows the safe transportation and navigation of the digital asset.

LCXS: Unlocking Silver NFTs

LCX Silver (LCXS) allows access to one Tiamonds Silver NFT. Please keep in mind that LCXS is not a silver-backed token, but rather a digital community access mechanism.

Each LCXS gives its holder access to one Tiamonds Silver NFT, which stands for one ounce of authenticated, investment-grade physical silver. The LCXS token allows users to mint one unique Tiamonds Silver NFT via the LCX Tokenization Bridge.

LCXP: Platinum Access and Ownership

The LCXP token will be used to unlock one matching Tiamonds Platinum NFT. This NFT uniquely encodes, certifies, and authenticates ownership of the platinum itself.

Acting as a utility token, LCXP provides access to one Tiamonds Platinum NFT. It’s important to note that LCXP doesn’t communicate direct rights to the underlying asset. Rather, it serves as a fungible, ERC-20 access token.

Security and Storage

All validated metals, including those represented by LCXP, LCXS and LCXG, are physically stored in high-security vaults in Liechtenstein. These vaults are completely insured and backed by Lloyd’s of London. It’s the NFTs, not the tokens, that give rightful ownership over the physical metals. This creates an important separation between access and ownership.

Once released, these tokens (LCXP, LCXS, and LCXG) will be listed and able to be traded on the LCX Exchange. This will allow liquidity and accessibility for users who want exposure to precious metals through digital assets.