LAPO Coin (LAX), a Swiss Stable Cryptocurrency
Abstract
LAPO Coin is a global cryptocurrency, which exhibits low
volatility, high speed transactions and a solid level of privacy and security.
Ergo the traits that an optimal cryptocurrency should have.
Simplicity along with elegance of concept, easy integration
points for partners and businesses, and the ability to work with an exchange,
are some additional traits that will assist in the wider adoption of LAPO Coin. Cryptocoins like Bitcoin and Ethereum are highly volatile.
On any given day, it is not uncommon to see an increase or a decrease of
upwards of 10-15%. This makes daily usage of most cryptocurrencies very
problematic and very inconvenient to say the least.
We believe that the solution to this problem is to integrate
a monetary policy. Stability creates a more favorable operating environment for
economic activity, is important to developments in the real economy, and is the
most valuable contribution that monetary policy can make to economic growth
Bitcoin was born to avoid a centralized power and human
interference and we want to keep that spirit alive. For that reason, we are
building an open source self-critical, intellectually honest, and adaptable
Artificial Intelligence that can handle the monetary policy: The Stability
Fund.
LAPO Stability Fund
The LAPO Stability Fund is an Artificial Intelligence that
analyze and calculate monetary policy and it is used to protect the coin
against artificial price volatility. Our completely autonomous Stability Fund
can detect and avoid illegal market manipulation. Thanks to its Artificial
Intelligence, it can analyze the market, social network, news and historical
data. This feature then is able to predict and understand, if and when, an
illegal manipulation is taking place. The most common trigger for intervention
from the LAPO Stability Fund is a “pump and dump” scheme commonly perpetrated
by groups of crypto traders. Using our Seigniorage Shares approach, our
Stability Fund is able to stabilize the market.
LAPO Coin is a non-collateralized coin, and it
is independent of all other currencies. Even if the US Dollar and Ether
collapse, a non-collateralized coin like LAPO Coin could survive them as a
stable store of value. Unlike the central banks of nation states, a
non-collateralized stable coin would not have perverse incentives to inflate or
deflate the currency. Its algorithm would only have one global mandate:
stability and long-term growth.
LAPO ePlatform
The
next step of our journey: LAPO ePlatform, a suite of Financial Tools enabled by
Blockchain innovation and powered by Artificial Intelligence. That is, a stable
reliable bridge to connect cryptofinance with the traditional financial
industry.
Our
ePlatform will facilitates the integration and broad acceptance of the
Blockchain technology into the traditional finance, making daily transactions
simpler, cheaper, faster and safer.
The
core currency of the LAPO ePlatform is LAPO Coin (LAX). All transactions
running on the ePlatform could always be converted into LAPO Coin immediately
and automatically. The LAPO Coin could then be reconverted at any time to other
cryptocurrencies, or fiat at the present exchange rate.
LAPO
Blockchain brings stability with traditional Swiss expertise in financial
services to crypto assets worldwide
Private Wallet & Merchant Portal
Multicurrency, desktop and mobile wallet for private.
Business oriented/extendable Merchant Portal with business intelligence
capabilities and reporting.
Crypto payment
State-of-art payment API and Plugins that allow an easy
integration of payment request in any cryptocurrency. The Point of Sale (POS)
app can be downloaded in any modern device (computer, cell phone or tablet) and
will integrate NFC communication support enabling payment with a simple touch
or by scanning a QR code.
Decentralized Exchange
Decentralised “wallet-to-wallet” exchange platform for
trading AltCoins, LAPO Tokens and LAX. Using the platform and LAPO Bank the
user can immediately convert theLAX into FIAT assets or other AltCoins for a
very low fee. The trading app supports multiple monitors setups and devices
LAPO Bank
The ambition of LAPO is to create the first integrated payment
ecosystem based on a cryptocurrency. To realise this ambition, the LAPO Bank
will be launched in Q4 2019 to complement the LAPO ePlatform offering. The key service offering of the LAPO Bank will be the LAPO
Trading Platform. Merchants can exchange on the LAPO Trading Platform in real
time fiat to LAPO, LAPO to fiat as well as LAPO to selected cryptocurrencies.
To ensure that the LAPO Bank has sufficient fiat and cryptocurrency reserves,
daily and monthly limits per merchant and overall will be implemented.
An additional offering of the LAPO Bank will be the first
loans in fiat or selected cryptocurrencies with LAPO as collateral. This will
enable LAPO to establish and strengthen its positioning as innovative
cryptocurrency with a wide range of use cases in daily life of consumers,
investors and merchants. The jurisdiction for the LAPO Bank will be chosen based on
favorables regulation for cryptocurrencies and minimum requirements for set-up.
for details of the leaders of the official web site https://lapo.io/
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