Dear LGO community,
We released the Legolas Exchange whitepaper almost three years ago, with the belief that blockchain technology could create an open financial market infrastructure for cryptocurrencies and assets in general.
More than 9,000 people from all around the world followed us to build what is today LGO, the leading European Bitcoin exchange for institutions. The alignment of interests between this community, our clients and our team is paramount to the success and the realization of our vision, and relies on one specific instrument: the LGO token.
Today, we are very proud to announce that we have made a decisive step towards putting a majority of the value created by LGO on the LGO token.
Starting July 15th 2020, we will buy on a daily basis LGO tokens worth 100% of the USD-denominated fees generated by our spot exchange.
The buyback operation will take place on the LGO spot exchange at random times during the day. On a monthly basis, we will burn an equivalent of 25% of the net fees earned by the exchange in LGO tokens.
This measure will strengthen the alignment of interest between LGO, our clients and our community. We are glad to be able to renew our commitment to our token holders by reflecting 100% of the value created by LGO into the LGO token.
To the LGO community, thank you for your continued support!
The LGO team
LGO is the leading Bitcoin spot exchange for institutions. Live since April 2019, they are trusted by over 50 institutional counterparties across 15 countries. With a boutique approach, they provide a suite of fully customizable services, best in class technology, and deep liquidity. For more information please visit https://lgo.group.
The LGO Token is not available in the United States or other prohibited jurisdictions. If you are located in, incorporated or otherwise established in, or a resident of the United States of America, you are not permitted to transact in LGO Tokens.