Review on LGCY Network by Paul Maduagwu
$LGCY is working hard, time will tell.
$LGCY hasn't been around for too long, or at least most of its social media haven't. As far as I know this coin is only available on Uniswap decentralized Exchange and even then, with very low trading volume.
It claims to be a Dapp based blockchain, so that may be their main usecase. While that is a competitive market, $LGCY is a fork of Tron blockchain and promises it utilises the best parts of Tron, and adds effort to stand out from the crowd by adding more emphasis on community support and the system of governance.
The project uses a dual token system, users would be able to stake $LGCY and earn $LFUEL (gas/utility token for LGCY network), up to 56% APY for locking up their funds for a specified period of time. Its been making moves to secure its market share lately with the community competitions, call for developers to build on the blockchain and the partnership with Unifyre Wallet. In time I see big things are likely to come from $LGCY.
Pros
- It is an Ethereum token thus can be stored on any ERC20 compatible wallet.
- Can handle up to 2000 Transctions per second.
- Staking Support.
- Detailed website about the project and its possible usecase.
Cons
- Poor social media presence.
- On very few Exchanges.
- Not many holders.
New products
Comments (1)
September 23, 2020
The transaction is very fast. In my opinion they need to work on it liquidity. The teams should work on how it will be on many exchange so that many people will get to know it and accept to hold it. if they can also arrange for more airdrop, i think it can also makes it more popular.
