Lux Ant Digital: Decentralizing the traditional banking system

Overview:
It is a blockchain based decentralized system for the banking which is aiming to transform the traditional banking system by benefiting the unbanked crowd in the world, backed by well experienced team members and advisors, works with tokenization model.

Challenges:
Most of the people in the world don’t have access to bank accounts, surveys saying that nearly one third of world population is unbanked. Due to this people use cashing only, which limits them from many benefits and negotiations such as requesting money and sending money, micro payments, savings. To solve these problems centralized banks, need huge investment ad high costs, and in the traditional banking has many disadvantages such as blocking of account due to irrelevant reasons, high rate of interests for loans, minimum balance condition and high hidden charges.

Solution:
To solve the traditional banking problems, Lux ant Digital came up with decentralized banking system with application linked banking system. Introducing new niche market in financial business has created many opportunities for small and medium investors

Its EDE (Embedded Development Environment) technology enables users to access their banking services in decentralized way, it eliminates the need of third party operations.
Main function of this platform is app linked account, which allows users to transact with their phone, managing funds like sending and receiving from other users, online purchases and micro lending, which is managed by Alux Bank and issues secure payment cards, soon they are going to establish ATM machines for the services.

It uses smart contracts technology which replaces the traditional contracts, smart contracts ensure the immutable, decodable transactions with the use of autonomous technology

Token economy:
Lux ant Digital platform issues Ethereum based utility token called “ALUX” which can be used in the internal ecosystem of the platform for the payments and services.

Token details:
Token symbol: ALUX
Token type: ERC 20
Total supply of tokens: 1 Billion
1 ALUX-$0.05
Soft Cap – $10M USD
Hard Cap – $25M USD
Private Pre-Sale: Till 31st August
Public Pre-Sale: 1st September to 31st October 2018

Team:
Nancy Herrera Muñoz – CEO & Founder
She is specialized in accounting and finance, which has allowed her to acquire organizational skills. Her experience in the field of cryptocurrencies has grown thanks to the collaboration with several projects directly and indirectly related to Bitcoin, from the development of software linked to digital assets, implementation of Bitcoin buying and selling ATMs, collaborations with companies of sending money, management of financial assets "money management".

Ariadna Julià Brunet – Head of Finance and Crypto Analyst
Previously she was the junior trader in Bitcoin Exchange for six months. She was also the CEO and founder of Tecnodevel Corp. for 1 year.

Guillermo Granados Gómez – Frontend Developer and SEO
He is a Junior Front-end Developer that works with HTML5 and CSS and JavaScript. He has knowledge in Bootstrap focused on developing web pages adapted to all kinds of devices. He also worked as a web developer for multiple clients as a freelancer.

Verdict:
• Pros:
• Social media hype is good, its telegram channel consists of 6k+ members as of now
• Website and whitepaper has clear explanation of the project in detail
• Roadmap is clearly drafted, it has mentioned goals to be achieved till 2021
• Advisory team is good, it has experienced members from different fields like Operations, Consultancy, Investments and Financial Services, few are experienced in block chain technology
• Core team members are experienced in Crypto Analyst, Development, Security and Cloud Computing, only few are experienced in blockchain.

Cons:
• MVP is not yet released
• No information about partnership is available in the website and whitepaper
• No official telegram group for interaction is available (Not mentioned in the website)

Links:
Website: https://luxantdigitalbank.com/
Whitepaper: https://drive.google.com/file/d/1-RRwvZNl9qNRAJQ33mU3cJwnPJt1U29g
Facebook: https://www.facebook.com/ALUX.BANK/
Twitter: https://twitter.com/lux_ant
Telegram Channel: https://t.me/LUX_ANT_DIGITAL
Reddit: https://www.reddit.com/user/LUX_ANT_DIGITAL/

Bitcoin talk Username -anushkamehta0902
Bitcoin talk URL: https://bitcointalk.org/index.php?action=profile;u=2039767
ETH Address – 0xd1c62C22C078A0C6B1E42F7200F0b082EE81a64a