LX Foundation Launches LX Global Mutual Help Community

LX global mutual aid community is a decentralized, safe, stable and efficient mutual aid platform created by anonymous developer team of Singapore LX Foundation. LX token is a perfect exploration of mutual finance+blockchain, and it is a scenario application based on NFT. NFT, non-profitable token, is recognized by blockchain experts as the hotspot in the next three years after DeFi. Ordinary tokens (such as BTC, ETH, etc.) are homogeneous. There is no difference between each BTC, which can be interchanged and divided. The important feature of NFT is that each NFT has a unique identity, which is not interchangeable, and the minimum unit is 1 and indivisible.

Since NFT token is not interchangeable and indivisible, it is usually used as a special purpose certificate, such as real estate license, passport, tickets, coupons, auction, pledge, mortgage and so on. On this basis, LX platform issued 100 million LX token as pledge certificate of mutual aid finance, which can effectively solve the dishonesties such as non-payment after matching, non-confirmation after collection and centralized withdrawal of funds, effectively restrain speculative banks and ensure the stable and orderly operation of the situation.