LCX
LCX
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
LCX is the utility and governance token for LCX AG, a Liechtenstein-registered crypto exchange. Active development is moderate (6.5/10), evidenced by the LCX Token 2.0 upgrade and Liberty Chain governance roadmap, though constrained by closed-source infrastructure. Tokenomics (4.0/10) and Market/Use Case (4.0/10) scores reflect standard centralized exchange utility, limited circulating supply transparency, deep long-term price drawdowns (~95% from ATH), and low daily volume. The project also faces significant regulatory constraints with its EEA crypto-asset services temporarily restricted to withdrawals pending MiCA authorization. Team and Governance (6.0/10) and Security (5.5/10) benefit from an identifiable leadership team, FMA registration, QuillAudits smart contract reviews, and an active bug bounty, balanced against a historical January 2022 hot wallet breach ($8M) that has since been remediated. With no active qualifying red-flag cap triggered, the overall score mathematically aligns with the weighted average.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About LCX (LCX)
LCX is an ERC-20 utility and governance token issued by LCX AG, a centralized cryptocurrency exchange founded in 2018 and headquartered in Vaduz, Liechtenstein. Regulated as a Trusted Technology Service Provider by the Financial Market Authority (FMA) of Liechtenstein and led by CEO Monty C. Metzger, LCX AG operates an exchange platform, custody services, and decentralized exchange tooling. The LCX token is designed to provide utility within the exchange ecosystem, including trading fee reductions, access to token sales, and VIP reward programs.
Technically, the token's smart contracts have been reviewed by QuillAudits, and the project operates a bug bounty program via HackenProof. LCX has pursued an LCX Token 2.0 upgrade alongside the phased rollout of a governance framework on Liberty Chain, introducing vote-escrow mechanics for extended lockups. However, core platform infrastructure remains closed-source, and community governance has a limited operational track record, with overall control historically concentrated in the centralized operating entity.
The project has navigated notable security, regulatory, and market challenges. In January 2022, LCX suffered a hot wallet breach that resulted in the theft of approximately $8 million in cryptocurrency, an incident the company addressed through forensic investigations, litigation, and published remediation updates. Operationally, LCX AG's authorization application under the European Union's Markets in Crypto-Assets (MiCA) framework is under review with the FMA, prompting a temporary wind-down of EEA services to a withdrawals-only posture pending regulatory approval, alongside geographic restrictions preventing services to persons in the United States and the United Kingdom. Market-wise, the token trades roughly 95.30% below its all-time high of $0.5640 amid modest trading liquidity and conflicting circulating supply data across market aggregators.