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What Is Luxurious Pro Network Token (LPNT)?
LPNT ( Luxurious Pro Network Token ) is a project from Luxurious Pro Network Group — the company is a world leader in transport and trade services in the foreign exchange market.
The digital decentralized protocol was launched in 2020: in Q1 of 2020, a decision to develop LPNT was made; in Q2 of the same year, the team began to form a community; in Q3 of 2020, Luxurious Pro Network Token released a whitepaper; an ICO event took place in Q4 (from 15 to 29 December); and in Q1 of 2021, LPN TOKEN began trading on the exchange – ProBit Global.
The company plans to make the most of all the Luxurious Pro Network Token attributes, including a decentralized cryptocurrency (LPNT), decentralized wallet, decentralized payment gateway, forex trading with LPNT, and decentralized cryptocurrency storage.
The LPN token aims to be a multi-utility token built on the Ethereum blockchain.
Key Points
- LPNT is based on the Ethereum blockchain using the ERC-20 protocol.
- The token was created to be a multi-utility token for financial transactions across borders
- The token project consists of seven ecosystems
Who Are the Founders of Luxurious Pro Network Token?
The team comprises forex trading professionals, renowned liquidity providers, experienced researchers, mathematicians, cryptographers, and economists.
Satish Mostra is CMD at Luxurious Pro Network Group. He graduated with a degree in accounting in 2008, then mastered finance, fund management, and foreign exchange trading. Mostra launched startups related to computer education, opened a business for import and export of computer equipment, gained experience in real estate, and in 2011, he took up investments.
The next expert is Rovinder Banger. He has experience of trading in the foreign exchange market. The young specialist has cooperated with Luxurious Pro Network Group for nine years. Banger is an Ensor and forex trading expert.
Gurpreet Singh is a part of the management team of Luxurious Pro Network Group. His task is to lead to success strategies related to business growth,
Happy Sheikh is a business coach, professional consultant, and national award winner. Sheikh implements business strategies, trains entrepreneurs, and develops and implements branding strategies. He has experience in startup innovation and growth, brand management, and advertising. Sheikh advises on cryptocurrency as well.
What Makes Luxurious Pro Network Token (LPNT) Unique?
The Luxurious Pro Network Group’s goal is to improve the financial experience of users in all walks of life. Thus, a multifunctional decentralized ERC-20 token called LPNT was born.
LPNT was developed to meet the needs of token holders. In other words, the decentralized token increases the value of a user experience directly related to financial transactions. Due to strategically developed financial and commercial partnerships, LPNT is a multi-utility token that allows members access to the platform, benefits, and discounts.
Why Should You Own the LPNT Tokens?
· Speed
Transactions across the geographical border within 9 seconds.
· Mobility
No cash is needed.
· Low transaction fees and zero chargebacks
Cost-Effective International Transfers.
· Safe and reliable
With the Ethereum Blockchain, all transactions are safely guarded and decentralized.
· No middle man
No banks and financial institutions are involved in transactions and ownership of tokens.
· Community
Holders are part of a community of 100,000 and growing active users.
· Incentives
Loyalty points, discounts, promotional offers, and affiliate income.
How To Register And Login?
To access LPNT’s features, you must have an account with LPNT’s official website. To do this :
- Head to their website and select the Sign-Up button under the login page.
- Fill out the Sign-up form for registration.
- Click on the Sign-Up button to complete the registration
Once done, log in by heading to the same website, input your password and username, and click the Sign in button to enter.
How to buy LPN tokens?
Several exchanges allow you to buy the tokens, such as :
- Bittrex
- Coinbase
However, if you wish to buy the token using exchanges such as Binance, you must go through a DEX (decentralized exchange) to purchase the token, as it is not listed on every exchange.
To do this, refer to Binance’s guide to purchasing LPN tokens.
What Services Does LPNT Offer to Users?
Payment gateways
The decentralized payment gateway was introduced to help individuals and businesses receive payments almost instantly worldwide.
The gateway removes the need for intermediaries like banks as they take a long time to verify payments, especially when sent across the border.
This also eliminates waiting time over the weekend, as crypto transfers can occur seven days a week.
In addition, the payment gateway is also supposedly more secure than bank transactions as it incorporates fraud prevention tools like cryptography, zero data saving, and visual cryptogram.
The payment gateway will support commonly used payment methods such as Amazon Pay and PayPal.
Forex trading
The forex trading feature allows users using the MT5 trading platform to trade the LPNT token paired with USD and other fiat currencies. This is excellent for LPNT token holders who also trade Forex on the MT5 platform.
Cryptocurrency vault
The LPNT vault is a uniquely designed solution made for gamers. This feature is made for you if you enjoy digital gaming and casinos!
When using LPNT vaults, the player must register and pay the gaming fee using the LPNT token. When the game ends, the winners are provided with an encrypted code pre-set before the game begins.
Winners can then get access to their winnings using the code.
The vault feature is also going to be incorporated into their trading platforms.
LPNT decentralized wallet
The LPNT aims to be a feature-rich wallet, making it multi-purpose. The wallet will protect the user’s cryptocurrencies using a private key, which is unrestricted, unlike a bank.
Key features of the wallet include:
- Multi-currency and cryptocurrency exchange
- Zero fees for the wallet
- Low fees for exchange
- Supports thousands of cryptocurrencies
- An open platform for merchant traders – for signing contracts and choosing traders.
- Staking
- Custom fees for transactions
To start using the LPN token, sign up for the LPN wallet, deposit money, and buy, exchange, or invest in the LPN token.
Forex Enthusiast Turned Crypto Founder
Satish Moostra is often quoted as the founder of the LPN token. According to his biography in the whitepaper, Satish has a long history of starting companies since 2008. His first venture was in computer education, which was quite a success.
Later, he explored the world of Forex, fund management, and finance. His experience in Forex led him to establish the LPN token in 2020, which has a use-case advantage for Forex traders.
Conclusion
The Luxurious Pro Network Token caters to individuals looking to own a multi-utility token with use cases in many different outlets. The team behind the LPN network is working on making the token available for everyday use.
This would mean the token should be developed over time to purchase basic life necessities such as clothing, food, and even real estate.
The token utility seems to be leaning towards Forex and other financial services like trading. However, according to their roadmap, the team hopes to expand the uses of this token in different planned sections of the ecosystem, such as the wallet and vault.
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