This makes LXCCoin the first P2P asset-backed digital currency in the world.
LONDON, ENGLAND, May 19, 2015 /24-7PressRelease/ -- LXCCoin Ltd. has recently initiated its investment agent agreement with the Swedish company TrustBuddy International AB in Stockholm, Sweden. TrustBuddy is the first manager of funds backing the underlying value of LXCCoins, and the first investment has already been completed.
LXCCoin Ltd. is activated as an "Investment Agent" by TrustBuddy, where all funds going into the LXCCoin will be invested in P2P lending through Trustbuddy's platform and the interest will increase the underlying value of LXCcoin year after year. This underlying value of the LXCCoin will be published on a daily basis on the company website, www.lxccoin.com, from Q3-2015.
TrustBuddy has a five-year performance record in the LXCCoin selected markets of around 14% p.a. on invested funds. They target an overall 12 % per year yield, and is expected to provide a 1% per month yield for the LXCCoin.
About LXCCoin Limited
LXCCoin Limited (www.lxccoin.com) is a UK limited company, based in London and Wales. The company is a digital currency provider, owning the LXCCoin and several other technologies, including a digital exchange, a crypto-p2p platform and a mobile crypto banking program. The company was recently made a part of the Cryptocorum companies group, which has since been conditionally acquired by the US company StrategaBiz.
Forward-Looking Statements
Statements about the expected timing, and all other statements in this press release, other than historical facts, constitute forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date hereof and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause actual results to differ materially from those projected. A number of the matters discussed herein that are not historical or current facts deal with potential future circumstances and developments which may or may not materialize. This press release speaks only as of its date, and except as required by law, we disclaim any duty to update the information herein.
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