The team behind the Lightcash project aims to solve the cryptocurrency volatility problem and become able to unlock all the advantages of blockchain technology by linking a cryptocoin to the real highly-demanded asset. This is why Lightcash’s own cryptocurrency (LCSH) is secured by real gold, mined from deposits in Russia. “The Lightcash parent company owns a working gold mining facility in the Amur Region of Russia, as well as a plant for the enrichment of precious metals, and it possesses the necessary state licenses,” says Vyacheslav Vokin, Lightcash CEO. “Using this infrastructure we will be able to ensure the stability of our service by issuing own cryptocoin secured by real gold in a 1000:1 ratio.”
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