StrategaBiz Inc. Making Waves of Positivity in Crypto Sector
StrategaBiz, a US OTCQB traded company which was re-branded to its current name in the latter part of last year, is ready for the wider world to invest in cryptocurrencies. Two weeks ago the company entered into a conditional agreement to buy the CryptoCorum group including the LXCCoin and the Swypto Exchange.
Using an innovative platform built on peer-to-peer lending, a value coin and with an exchange dedicated to its currency and shares of the company available to the trading public, they have been writing a recipe for success for the better part of the last year.
LXC-Coin
There are many approaches to creating sustainable growth in the field of cryptocurrencies. The most often used one is to launch a simple clone of Bitcoin with a few tweaks and hope for the best. The Lending eXchange Currency (LXC Coin – properly pronounced lexicojn) is radically different from these old methods in at least one way: it is 100% backed by euros.
Money going into the coin will be used for investment in peer-to-peer lending, which enables the coin’s value to rise while removing much of the incentive to “dump” the coins back on the market. The annual interest will be up to 12%, giving both the coin a underlying value but a increase in value year after year. The coin provides what can be called “stable” growth. It also requires virtually no mining, meaning that the risk of 51% attacks is inherently reduced while transaction times are improved over coins of similar design. Its developers describe it as 80% Bitcoin, 20% Blackcoin. As you may remember, Blackcoin was the first proof-of-stake algorithm coin.
The coin can be purchased directly with cash on LXCCoin’s website or through the company’s Swypto.exchange platform, which is underpinned by bank level security while still being easy to use. The developers of the coin are not opposed to it being traded on other secure exchanges for fiat currency and other cryptocurrencies, either.
LXCCoin holders can either sell their coins again or the exchange or return the coins to the company for cash equal to the underlying value.
“As Entrepreneur Marc Andreessen said last year: Personal computers in 1975, the Internet in 1993, and I believe, Bitcoin in 2014,” says CEO of StrategaBiz, Brian Palm Svaneeng Mertz, adding: “I believe that LXCCoin will add huge potential to the coin industry in 2015.”
CryptoCorum Acquisition
The next big move for Strategabiz is the impending acquisition of CryptoCorum Group, but going forward the company is still open for more acquisitions and potential mergers.
CEO Brian Mertz:
We envision a dramatically change in the crypto currency industry within the next 18-36 months, where some of the present names will be gone or virtually worthless, and a well of new entrants with new technology will be dominating the marketplace. Despite that the industry is in it’s early stage I believe that within the following years there will be plenty of opportunities for synergies and economies of scale in the industry and in StrategaBiz we want to be part of this consolidation.
Professionalism Meets Cryptocurrency
Being publicly traded, the firm want to perform in order to return to value to investors and those who make the decision to pick up LXCCoin can trust the company. According to the company a public listing gives the customers of the group’s products further trust and transparency.
CEO of StrategaBiz Brian Palm Svaneeng Mertz:
High price fluctuations, speculation and missing regulation in some areas can delay the wide mainstream use and trust of crypto coins. In StrategaBiz we want to be a part of professionalization process of the industry, secure and provide a stable currency and make sure to reach the general population with services and products build around the block chain and bitcoin technology.
Being publicly traded, the firm is wont to perform in order to return to value to investors, and thus those who make the decision to pick up LXC can trust that the team behind it will exhaust all possible avenues in order to continue innovative development as well as see to the success of the coin.
StrategaBiz has been taking the first steps to ensure compliance and get appropriate licenses in the US and UK for the companies within the CryptoCorum Group.
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