Lux Ant Digital – Blockchain Based Electronic Banking

Overview:

Lux Ant Digital is a blockchain based project which is focussing on changing the centralized banking system. The project is planning to decentralize the banking system with the help of smart contracts to make it more secure, transparent and a reliable system. Today, the benefits of banking system are not been enjoyed by everyone due to its centralized structure. Therefore, this project aims to solve the problems which persists today in the banking system.

Challenges:

Many people today are unbanked and do not get opportunity to reap the benefits of the banking services. Also, these people do not have control over their heritage today. Apart from this the current financial systems consists of many problems like excesses of commissions for any type of account maintenance or cards, high interest rates in loans and/or mortgages etc.

Solution:

Lux Ant Digital is providing a solution to the above problems by replacing the traditional contracts used in the banking system with smart contracts. Smart contracts will cut off all the high costs and commissions thus decentralizing the banking process. Reducing the high costs will provide unbanked people and access to the banking services.

Benefits of Using Lux Ant Digital Solution:

• Electronic Banking Platform: This platform will help the users to control the experience of buying, selling, sending money and / or digital assets from login to the end of the transaction. It provides easy access to the users at any time of the day since it will available 24 hours a day. The platform also charges very low fees thus saving up the users’ high cost.
• App Mobile: The app will enable users to carry out task such as sending of money, saving, collections of lists or other payments, currency conversions, on-line purchases and requests of micro-lending's, etc.
• Payment Card: This payments card will make use of a QR code which will link directly to the bank account thus eliminating the need for a chip or a pin.
• Currency conversion: The platform allows the user to immediately to the currency conversions with low commissions as compared to traditional banking system.
• Physical ATMs throughout the world: The project aims to install cashiers' network ATM in the whole world where the cashier will be responsible for currency conversion, to recharge Alux Bank’s card, to deliver cash and receive Fiat in the app etc.

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 softwares 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.

Token Matrix:

Token – ALUX
Total Supply – 1 Billion ALUX
Price – $0.05 USD
Soft Cap – $10M USD
Hard Cap – $25M USD
Private Pre-Sale – Till 31st August
Public Pre-Sale – 1st September to 31st October 2018

Verdict:

Pros:
• The project has good hype on its Telegram channel where it has around 6000 members.
• The team behind the project has experience in marketing, finance, blockchain, etc.
• There are 8 advisors for the project who have different backgrounds like banking, operations, business development etc.
• The roadmap and the whitepaper of the project consist of detailed information about the project.

Cons:
• The project has low social media reach on other platforms, as it has around 5000 followers on Twitter and around 1000 followers on Facebook.
• The MVP of this project is currently not available.
• The information about the partnerships of this project is not yet available on the website.

Website: https://luxantdigitalbank.com/
Whitepaper: https://drive.google.com/file/d/1-RRwvZNl9qNRAJQ33mU3cJwnPJt1U29g/view
Telegram: https://t.me/LUX_ANT_DIGITAL
Twitter: https://twitter.com/lux_ant

Bitcointalk Username: rshetty3344
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1907004
ETH address: 0x137F3CC2750C9b9bF639Cd4Bf8CB63c56823aC3c