Is LUB — First cryptocurrency exchange for Telegram users a scam?
A new cryptocurrency is currently shaking up the market. The LUB token is the first cryptocurrency that can be traded directly on the increasingly popular Telegram messaging application. LUB is conquering this marketplace of approximately 500 million monthly users, making it a pioneer in an industry already full of innovation. LUB is an ERC-20 token, meaning that it is generated on the well-known and secure Ethereum blockchain.
Bots as secure trading partners
Telegram offers buyers and sellers of LUB the advantage of trading entirely through a bot. The bot handles trading quickly and accurately, as it’s an automated account on Telegram. This week, the inventors of LUB are planning to release numerous extensions and LUB add-ons.
“For us, it’s important to provide easy access to LUB to as many people as possible. Therefore, Spanish, Italian, French and Japanese will be implemented directly into the bot within the next few days,” a company representative explained. Wallet provider MetaMask and LUB are currently negotiating the final details of a close collaboration. This will make LUB the first currency to be paid via MetaMask on Telegram.
Another unique leap of faith occurred a few days ago.
Bitcoin (BTC) will soon be available as a deposit method for LUB. “Moreover, users can conveniently convert USDT and ETH, as well as many other crypto coins, such as Bitcoin, into LUB,” the LUB representative said.
The number of users is growing
A few days ago, the number of LUB users on Telegram exceeded 69,000. As of publication, the number is already well over 150,000. The popularity of this cryptocurrency continues to grow. The imminent launch of LUB on leading crypto exchanges will further strengthen this trend. Those behind the LUB token are looking forward to its initial public offering. “LUB will be a financially powerful asset on Huobi, Bitfinex, Binance and on Coinbase. Our collaboration with crypto exchanges will ensure that the projected boost we require to reach our goal of an average price increases from 1% up to 10% per day,” the LUB representative explained.
Predicted price development for LUB
May is set to be a busy month for LUB. Several new payment methods will be added to simplify the handling of the cryptocurrency, making it accessible to more people. For example, it will be possible to exchange LUB via the Binance Smart Chain BEP-20. It’s already possible to make deposits via Binance P2P.
“We expect the price of one LUB to go to $0.35. If the price curve develops according to our forecasts, the unit price will be around $2.00 in two months. The price on the day of the first listing will settle at an estimated $3.60. We expect the price to increase 30–200 times after being listed on Binance,” the LUB representative stated confidently.
2,000,000+ LUB tokens on the market
The rapidly increasing number of users doesn’t make LUB’s team nervous — in fact, it’s quite the opposite. “We are remaining level-headed and are not allowing ourselves to be unduly stressed due to the success of LUB. Right now, there are just over 2 million LUB tokens in circulation. This provides plenty of potential for trade, exchange and profit opportunities for investors,” the company representative stated further.
Multi-lingual support to boost success
The company is certain that the explicit expansion of a variety of languages will increase access to LUB dramatically. This increase in demand will determine the future price of the cryptocurrency, impacting it daily. The company representative states that “the early adopters of LUB will be the winners in this development. Those who get in on it today will certainly benefit tomorrow.”
Website: https://lub.exchange
Main Project Live: https://t.me/LubTokenBot
Source: https://cointelegraph.com/press-releases/lub-first-cryptocurrency-exchange-for-telegram-users