Internet City, Dubai–(Newsfile Corp. – December 24, 2021) – LBank Exchange, a global digital asset trading platform, will list ViCA token on December 27, 2021. For all users of LBank Exchange, the VICA/USDT trading pair will be officially available for trading at 18:00 (UTC+8) on December 27, 2021.
Figure 1: LBank Exchange Will List ViCA on December 27, 2021
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Virtual assets have been making attempts in various forms to emulate characteristics of the traditional financial model since its birth. As a shared financial platform based on ERC20, ViCA takes things a step further, proposing to its participants a new form of financial system. The ViCA token will be listed on LBank Exchange at 18:00 (UTC+8) on December 27, 2021, to further expand its global reach and help it achieve its vision.
Launched in June 2021, ViCA is a shared financial platform based on ERC20 that seeks to propose and prove an unprecedented business model by reinterpreting and converging numerous existing innovative business methodologies, development methodologies and the blockchain ecosystem.
The ViCA Foundation operates an automatic dealing in virtual assets using ViBOT, an arbitrage trading solution from NROOTM Korea. The generated revenue from ViBOT burns the issued ViCA tokens (buy-back and burn). It invests 40% of the foundation’s operating revenue to repurchase tokens, contributing to the interests of ViCA holders. The remaining proceeds are redeployed back to the assets of the automated trading system, accelerating profits through compound interest.
ViCA did not distribute any single token in the pre-sale or development process such as ICO and IEO. Therefore, the number of tokens distributed in the market is small, yet even that continues to decrease. Moreover, the foundation’s assets run on automated trading systems increase. The funds set as the foundation’s seed are not reused for any purpose, and transaction details are disclosed in a verifiable way (live streaming service). ViCA has simplified its complex investment system by using the Ethereum ERC20 token ecosystem. This reduced cost becomes the underlying asset of the system again, accelerating the circulation of funds.
About ViCA Token
ViCA aims to pursue a sustainable business model by guaranteeing the interests of token holders, except for the minimum cost of maintaining the system and reinvesting in seed funds for system operations.
ViCA increases the value of itself by not using most of the tokens and proceeding to burn. The issuance volume of ViCA is 2 billion (i.e.2,000,000,000), 90% of it will be burned in stages to realize the profits of its investors, 5% is for reserved holdings, 3.2% is used to provide liquidity to the market, and the rest 1.8% is the initial investor distribution quantity.
The ViCA token will be listed on LBank Exchange at 18:00 (UTC+8) on December 27, 2021. Investors who are interested in ViCA investment can easily buy and sell its token on LBank Exchange by then. The listing of ViCA on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
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About LBank Exchange
LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users, from now more than 210 regions around the world.
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LBK Blockchain Co. Limited
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