Quote from: khendjer on April 05, 2018, 06:40:27 PM

You say that LBA is a decentralized cross-chain exchange which will allow users to exchange ERC20 tokens, but all the ERC20 tokens are based on the same Ethereum platform and they all use the same Ethereum blockchain. They all don't have their own blockchains so ERC20 tokens exchange transactions can't be cross-chain transactions. They are transactions committed between different smart contracts on the same blockchain, aren't they?

What's the applicability of LBA token? Will it be somehow integrated into the exchange or it'll be used only like a fundraising tool during the ICO? What can I do with LBA tokens if I buy some?

Hello. Sorry we got you confused. By that we meant you can exchange all ERC20 tokens and also any other cryptocurrencies which support Atomic Swap and Lightning Network (including all ERC20 tokens). For example, BTC to LTC or LTC to TRX. This will be a cross-chain transaction.

The applicability of LBA tokens is fully described in the white paper and also in "What to do with LBA tokens" on our website.
1. Membership: To gain premier access to the platform, a member must have a minimum LBA balance. Higher balances will give access to premium levels of service
2. Fee payment: Trading fees can be paid with LBA, at a discount to normal rates.
3. Execution priority: The size of a member's LBA holdings will impact their execution priority, resulting in faster execution and lower liquidity costs.
4. Discounted trading: Large LBA balances provide further discounts to trading fees.
5. Tokens will be listed in LightBitAtom Exchange and we also planning list LBA tokens on major platforms.