LKSCOIN: the project behind the coin

Several times in this blog we have addressed the various facets and kept pace with the evolution of the LKSCOIN project. It is, in fact, a very vast and ambitious project, characterized by the constant intertwining of technical elements and social goals that the underlying technology aims to realize.
A complex universe that has important objectives of protection for what the online world is and, in particular, for the content created by its users. For this reason, in this article we will offer an overview of all its characterizing elements, the steps taken and the future directions.

The LKSCOIN project: the 3 pillars
The LKSCOIN project was launched in 2017 by a small independent group of blockchain and virtual currency enthusiasts who had previously founded the LKS Foundation, a non-profit organization that aims to promote the culture of blockchain and fintech to innovate sectors. such as crowdfunding, ICOs and distributed ledger technologies.
The LKSCOIN project includes within it 3 pillars of technological innovation:

• the native cryptocurrency LKSCOIN x11;
• the wrapped crypto LKSC;
• the NFT token for the protection of copyright for online content.

The LKSCOIN cryptocurrency

The LKSCOIN cryptocurrency, used with stability within the Cam.TV platform for almost 3 years, is the currency that its more than 450,000 users use daily to make and receive donations on published content, with a mechanism similar to that of "Like" typical of social networks, but it is also used to purchase the info-products (courses, consultancy, information material, videos, etc.) offered for sale within it.
A tool, therefore, that actively supports the monetization of content posted by people on the web. Thanks to its technical characteristics that make it particularly suitable for integration within social platforms, LKSCOIN wants to represent a concrete incentive for the creation of digital content, thanks to a secure, traceable and decentralized remuneration system within the token economy.
The elements that characterize the LKSCOIN are derived from the initial study and analysis of the Dash blockchain, known for its peculiarities of speed, security and transparency of transactions as well as for the possibility of creating Masternodes. It is from this that the LKSChain (on which the x11 token LKSCOIN travels) and the related LKSCOIN Core, the main crypto wallet, originated.
Masternodes allow users to take an active part in the LKSCOIN project:

Strengthening the security and stability of the network
Facilitating the validation of transactions by lowering the timing to just over a few seconds, like a credit card
Thanks to Masternodes, therefore, users can contribute to the security of the blockchain and participate in its decentralized network by obtaining the rewards provided for this type of activity.

The crypto wrapped LKSC

With the launch of the IEO (Initial Exchange Offering) in March 2020 which brought LKSCOIN to the free market, the ERC-20 token version of LKSCOIN or, similarly, the wrapped crypto LKSC has been completed.
The ERC-20 / LKSCOIN Atomic Swap is an essential element for its integration with the main platforms and tools of decentralized finance (or DeFi).
Thanks to the activation of the smart contract on the Ethereum blockchain, in fact, it was possible to give life to the token, allowing access and use of LKSCOIN also on the Eidoo decentralized exchange and exchange it with other cryptocurrencies.

The NFT token for the protection of online copyright

The last pillar of the LKSCOIN project concerns the creation of the NFT token for the protection of copyright online.
The LKS Foundation, in fact, intends to support the technological development of a non-fungible token, which can be used to protect the copyright of digital content creators. Its function is to demonstrate in a certain way the authorship of the author of the content thanks to the LKSChain, the nerve center around which the technical realization of this particular token will revolve.
The intention is to promote the implementation of the NFT token within other social platforms after Cam.TV, making it available to an ever wider audience.
With this innovation, we want to solve the problem of "terms of use" when a user chooses a social network to use to share their works and works, since all contents will be protected and, thanks to the monetization system supported by LKSCOIN, compensated for the time invested in creating them.

The latest news

In recent months, the LKSCOIN project has seen several developments. First of all, the new release to version 3.3.0.0 of the LKSCOIN, an update that involved not only the LKSCOIN Core Masternodes and Wallets, but also the blockchain as a whole, bringing a further improvement to its security.
The number of Masternodes has also seen a development over time: to date there are about 1000 in support of the network. A significant number when you consider that it is one of the most populated projects after the Dash.
The partnership with the Cam.TV platform has continued and strengthened over time. In addition to continuing to use the currency permanently in donations and purchases, a new function has recently been introduced which, in fact, revolutionizes the classic paradigm of donations. This is the Top Fan function: an innovation that feeds a real virtuous circle of which the beneficiaries are not only the content producers, but also the users themselves who support them, who get visibility in exchange for their donation.
We also report the inclusion of LKSCOIN and its project on CoinMarketCap, the main online portal of reference for the world of cryptocurrencies: it collects and updates data relating to bitcoin and all other active cryptocurrencies on the market, making quotes easily available. in one place. It is not an exchange, but it is a very important tool widely used to conduct studies and analyzes, especially for the most important cryptocurrencies and new entries.
There will soon be developments involving the ERC-20 version (wrapped version) of LKSCOIN with the aim of entering more into the DeFI market, a new trading environment that is gaining an increasingly significant weight in the digital currency landscape.
In conclusion, we remind you that the majority of the existing LKSCOIN tokens are distributed among the following subjects:

the LKS Foundation, which holds the majority;
the independent miners of the LKSCOIN blockchain;
the Cam.TV platform which uses cryptocurrency as an official exchange currency.