LandX Finance

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Discover LandX Finance's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is LandX Finance?

LandX Finance (LNDX) is a decentralized protocol that bridges the gap between farmland owners and crypto investors through blockchain-based perpetual commodity vaults. The native token, LNDX, is central to the economic model, allowing holders to participate in governance and earn a percentage of protocol revenue. The platform provides exposure to agricultural commodities, offering diversification and real yield opportunities in the DeFi space.

How is LandX Finance used?

LandX Finance (LNDX) is a governance token for the LandX DAO, a platform that combines DeFi investments with agriculture. The token is not backed by any underlying commodity but derives its value from market speculation and intrinsic mechanisms. Here are the key ways LNDX is used:

  1. Governance: LNDX holders have voting rights in the DAO, allowing them to participate in governance decisions for the LandX platform.

  2. Staking: Validators on the platform must stake LNDX tokens to facilitate crop share agreements between farmers and investors. Regular users can also stake LNDX for veLNDX, which grants voting rights and staking rewards.

  3. Value Accrual: A portion of the platform fees collected from xToken yields is redistributed to LNDX holders, creating a correlation between the platform's success and the token's value. This redistribution is subject to change through DAO governance proposals.

  1. Investment: LNDX can be invested in, with its price influenced by market forces and the success of the LandX platform.

  2. Ecosystem Participation: LNDX holders can engage with the platform, providing feedback and contributing to its development.

Overall, LNDX plays a central role in the LandX ecosystem, facilitating governance, staking, and value accrual while serving as an investment opportunity.

How do I store LandX Finance?

To store LandX Finance (LNDX) tokens securely, you have several options:

  1. Centralized Exchanges: You can keep your LNDX tokens on a reliable centralized exchange like Binance, where they are stored in a hot wallet. This is a convenient option, but it carries some risk as exchanges can be hacked or shut down, potentially leading to the loss of your funds.

  2. Self-Custodial Wallets: You can store your LNDX tokens in self-custodial wallets like Metamask or Trustwallet. These wallets give you full control over your assets and are generally considered safer than exchange wallets.

  3. Mobile Wallets: Mobile wallets like BG Wallet, offered by Bitget, are another option. These wallets are designed to be user-friendly and secure, making them a convenient choice for storing LNDX tokens.

  1. Cold Storage Wallets: For long-term storage and maximum security, consider using cold storage wallets. These wallets are offline, reducing the risk of hacking. There are two types of cold wallets:
    • Paper Wallets: These are created by generating public and private keys offline and storing them on a piece of paper. The keys are printed in the form of QR codes, which can be scanned for future transactions.
    • Hardware Wallets: These are physical devices that store your cryptocurrency. They are considered highly secure and are often preferred for storing large amounts of coins or tokens.

It is essential to choose a storage method that fits your needs and risk tolerance.

How to buy LandX Finance?

To buy LandX Finance (LNDX) tokens, follow these steps:

  1. Choose a Reliable Exchange: Select a reputable centralized exchange where you can purchase LandX Finance. Popular exchanges include Binance, Coinbase, and Gate.io. Research and compare different exchanges to find the most suitable one for you.

  2. Create an Account: Open an account on the chosen exchange by providing necessary information, including your email address, a secure password, and completing any identity verification steps.

  3. Fund Your Account: Choose a funding method to buy LandX Finance. Common options include credit or debit cards, bank deposits, peer-to-peer trading, and third-party payment channels. Ensure you understand the fees and terms associated with each method.

  1. Navigate to the LandX Finance Market: Find the LandX Finance market on the exchange and select the token you want to buy, which is LNDX.

  2. Choose a Transaction Amount: Decide on the amount of LNDX you want to purchase and confirm your transaction.

  3. Transfer LNDX to Your Wallet: Once purchased, you can either hold the tokens in your exchange account or transfer them to a personal cryptocurrency wallet for additional security and potential passive revenue.

Remember to research the exchange's reputation, read user reviews, and compare different exchanges before making a purchase.

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History of LandX Finance

LandX Finance (LNDX) is a blockchain protocol that aims to introduce Real World Assets (RWAs) into the world of decentralized finance (DeFi) by linking farmland yield to the blockchain through its proprietary perpetual commodity vaults protocol. The platform provides capital to real-world farmers in exchange for a legal share of their crop in perpetuity, which is then represented by an ERC20 tokenized perpetual vault (xToken). Investors can purchase crop-specific xTokens and receive daily yields in USDC.

The LNDX token is the governance token of the LandX platform and is not backed by an underlying commodity. Its price is primarily driven by market speculation, but it can also gain intrinsic value through staking and value accrual mechanisms. Staking is required for validators who play a crucial role in the protocol, and regular users can also stake their LNDX tokens for veLNDX, which provides voting rights and staking rewards.

LandX operates as a decentralized autonomous organization (DAO) where the community has a significant say in its future through the LNDX governance token. The platform generates revenue through various channels, including fees on farmland financing and crop share payments, which are distributed among LNDX holders, the LandX treasury, and the LandX Choice Fund.

The token distribution includes an initial supply of 3 million LNDX, with a current total supply of 27.9 million and a circulating supply of 11.5 million. The distribution is subject to an emission schedule, and the token is supported on both Berachain and Ethereum Mainnet.

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How LandX Finance works

LandX Finance, represented by the token LNDX, is a cryptocurrency project that bridges the gap between farmland owners and crypto investors. Here's how it works:

Providing Capital to Farmers

LandX provides upfront capital to real-world farmers in exchange for a legal share of their crop in perpetuity. This crop share is then represented by an ERC20 tokenized perpetual vault, known as an xToken. There are different xTokens for various crops, such as xWHEAT, xCORN, xSOY, and xRICE. These xTokens are liquid digital assets backed by real-world commodities, offering a hedge against inflation and asymmetric upside exposure to commodities.

Investor Participation

Investors can purchase these crop-specific xTokens and receive daily yields in USDC. The market for these synthetic xTokens is determined by the laws of supply and demand on a decentralized exchange. The supply of xTokens is dependent on the amount of land and crop share available to the LandX protocol, while the demand is determined by investors pricing the vaults.

Governance and Validators

The governance token of the LandX DAO is LNDX. Holders of LNDX tokens can vote on governance decisions and are required to stake their tokens to become farmland validators for the protocol. Validators are responsible for validating the legitimacy and value of farmland, assisting with legal and financial contracts, and staking LNDX tokens. In return, they earn commissions for bringing on farmers, a percentage of protocol fees, and voting power in governance decisions.

Benefits for Farmers

LandX provides farmers with upfront capital that is traditionally challenging to obtain. This capital can be used to hedge against future yields or invest in farming infrastructure. The platform ensures that farmers maintain the crop share agreement continuously, and if they want to end the agreement or sell their land, they need to return the xTokens to the LandX protocol.

Revenue Model

LandX generates revenue through various channels, including a 3% fee on farmland financing and 0.25% on regular crop share payments. These fees are distributed among stakeholders, and the percentages can be adjusted according to market conditions through a DAO proposal and vote.

Token Distribution

The native token, LNDX, has a maximum supply of 80 million, with an initial circulating supply of 5.4 million. The token distribution includes allocations for fundraising, validators, and other stakeholders. Tokens are emitted according to a specific schedule.

Overall, LandX Finance offers a unique opportunity for investors to gain exposure to agricultural commodities and for farmers to access capital and manage their yields more effectively.

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LandX Finance's strengths

The token LandX Finance (LNDX) has several strengths that contribute to its potential value and success:

  1. Governance and Decentralization: LNDX is a governance token designed to evolve LandX from a team-run project to a decentralized autonomous organization (DAO). This allows token holders to participate in decision-making processes, ensuring the platform's future direction aligns with their interests.

  2. Revenue Sharing and Staking: LNDX holders can stake their tokens to earn a portion of the protocol's revenue. This revenue is sourced from crop share payments made by farmers, providing a stable and sustainable yield. Additionally, stakers receive voting rights, further enhancing the token's utility.

  3. Validator Requirements: Validators must stake LNDX tokens as part of their qualification requirements, ensuring they have a vested interest in the platform's success. This helps secure partnerships with agents who onboard new farmers and maintains the integrity of the system.

  1. Diversification and Inflation Hedge: LandX Finance offers investment diversification unmatched in the DeFi space, providing stable returns backed by unique 49-year land-secured contracts. This makes it an effective inflation hedge, promising returns equivalent to 1KG of farm produce in US dollars.

  2. Agricultural Trading Sector Integration: LandX Finance has pioneered bringing the agricultural trading sector, which accounts for 5% of global trades, to the blockchain. This integration opens up new investment opportunities and expands the platform's reach.

  3. Tokenomics and Emissions Schedule: The token's allocation and emissions schedule are designed to foster long-term growth while preventing undesirable selling. This includes a careful distribution of tokens among various groups, including private-round investors, public-round investors, team members, and staking rewards.

These strengths collectively contribute to the token's value and potential for growth, making it an attractive investment opportunity in the DeFi space.

LandX Finance's risks

LandX Finance (LNDX), a cryptocurrency project focused on decentralizing and democratizing global farmland markets, carries several financial risks. These risks are inherent to its business model and operations:

  1. Centralized Platform Risks: LandX operates on a centralized platform, which can lead to risks associated with single-point failures, regulatory issues, and potential security breaches.

  2. Market Volatility: As a cryptocurrency, LNDX is subject to high market risk and volatility, which can result in significant price fluctuations and potential losses for investors.

  3. Regulatory Risks: LandX is restricted in certain countries, such as the United States, due to regulatory constraints. Changes in regulatory environments can impact the project's operations and profitability.

  1. Credit Risk: LandX's farmland financing model involves credit risk, as borrowers may default on their loans, leading to potential losses for the platform and its investors.

  2. Liquidity Risk: The project's liquidity can be affected by market conditions, which may make it difficult for investors to buy or sell LNDX tokens quickly and at a favorable price.

  3. Operational Risks: LandX's operations are susceptible to poor management, flawed financial reasoning, and other operational issues that can negatively impact its financial performance.

  1. Legal Risks: The project is exposed to legal risks, including potential disputes over land ownership, contractual issues, and compliance with various legal frameworks.

  2. Default Risk: LandX's revenue model relies on farmland yield and crop share payments. If farmers default on these payments, the platform's revenue and sustainability can be compromised.

  3. Inflation and Economic Risks: LandX's focus on farmland yield and commodities makes it vulnerable to economic fluctuations, inflation, and changes in global commodity prices.

  1. Token Supply and Distribution Risks: The token's supply and distribution mechanisms can impact its value and liquidity. Changes in token supply or distribution can lead to market instability and affect investor confidence.

These financial risks highlight the importance of thorough research and risk management strategies for investors considering LandX Finance (LNDX).

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LandX Finance’s team

  • Arthur Agullana Jr.: Project Manager, responsible for overseeing the development and implementation of LandX Finance's blockchain and cryptocurrency projects.
  • Uros Radinovic: Lead Designer, responsible for the visual and user experience aspects of the LandX platform.
  • Makinde Soft: Web3 developer, contributing to the technical development of LandX Finance's decentralized applications and protocols.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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