Our Own NFT: TIAMONDS – LCX

Tokenization also allows for the safe and efficient transfer of value on a worldwide scale. Due to its immutability and decentralized nature, blockchain technology can be trusted to record and verify transactions accurately and transparently. This eliminates the need for middlemen in international transactions, making them quicker, cheaper, and more secure.

In addition, tokenization expands both market liquidity and accessibility. Tokenizing assets and making them freely tradable on blockchain networks frees investors from the shackles of centralized exchanges. As a result, liquidity may improve, transaction times may shorten, and transaction costs may drop.

The capacity to implement smart contracts is a significant benefit of employing blockchain technology to generate asset-backed digital commodities. These contracts do not require any additional parties to carry out their terms and conditions. This could make it less likely that someone will try to steal your money, lower transaction costs, and speed up transactions.

Tokenization and blockchain technology provide several advantages for firms that need to generate, control, and move money around the world. Since tokenization allows fractional ownership, global transactions, liquidity, and market access, it could change the way we handle and send value in a big way.

What are Tiamonds?

Tiamonds an asset-backed NFT, is one such example of tokenization. Tiamonds is making tokenization known and accessible through three main tactics:

 – Showcase the opportunities of tokenized assets

 – Gamify features of tokenization to educate and inform

 – Community first token economy, sustainable and fair-launch 

Tiamonds is a project by LCX with the goal to showcase the opportunities of tokenized assets, to educate consumers about tokenization through gamification and to create a community driven token economy. LCX is a regulated fintech company, registered as a compliant trusted technology service provider, and is conducting the token offering in accordance with the innovative Liechtenstein blockchain laws. 

LCX has also gained regulatory approval as a Physical Validator for the Tokenization of Assets. As a Physical Validator, LCX will be responsible for maintaining the integrity and security of the tokenized assets on the blockchain. This involves verifying the authenticity of the underlying assets and the physical safekeeping of the real-world assets.

The Tiamonds project includes two key elements: Tokenized Diamonds called Tiamonds and a deflationary cryptocurrency called TIA Token. 

Tiamonds are non-fungible tokens (NFT) representing the ownership rights of real-world Diamonds. A diamond is the hardest material on Earth, and has long been recognized for its beauty as a gemstone. Each Tiamond is receiving TIA Tokens as rewards over time through the “Own to Earn” model.

To purchase Tiamonds, users have to be verified on the LCX Exchange. They can simply go to the Tiamonds Marketplace and explore the assets available for sale. 

TIA Tokens are a community driven, fair launched DeFi Token connected to Tiamonds. TIA Tokens are a deflationary cryptocurrency with three simple functions that occur during every transaction: Reflection, Rebalancing, and Burn. 

The TIA Token is enabling a community first approach and a vibrant, diverse, and dedicated governance system, which will actively guide the Tiamonds project towards the future. Tiamonds is embracing a community driven governance framework. Governance contribution and voting will focus on aspects for future tokenization and Tiamond releases to expand and develop the broader LCX ecosystem. 

LCX believes in the potential of tokenization, but we also see the barriers that need to be overcome to fully embrace blockchain technology for asset digitalization.