The DigiByte Foundation is glad to announce the next step forward into the exisiting partnership with LCX. LCX is our first Sponsoring Partner to the DigiByte Foundation since the Foundation’s restructuring. To commence the sponsorship, LCX will not only list a new $DGB/$USDC trading pair but also commit to sending 50% of the trading fees generated by this pair over to the DigiByte Foundation. This agreement has a validity of one year, starting from the 1st of December 2022 and is to be reviewed over the period.
In addition to launching this pair and in order to kick-off this next step, LCX also agreed to make an upfront donation towards the DigiByte Foundation by sending $DGB to the official wallet of the Foundation. The transaction details are in this link:
Moreover, LCX recognizes the importance of contributing towards securing the truly decentralised DigiByte Blockchain and its native coin, the DGB cryptocurrency. Therefore, LCX agreed to actively run full nodes in Liechtenstein to support the DigiByte Network on a technical level.
LCX is well aware and acknowledges that this partner and sponsorship agreement is solely between the DigiByte Foundation and not directly with DigiByte, since DigiByte is a permissionless network without an authoritative body and with no exclusivity to any commercial business. The DigiByte Foundation is committed to reinvest its proceeds towards development, education and marketing campaigns to help create wider awareness, with a mission to increase the integration and availability of DGB as a payment network and DigiByte Blockchain technology with all its capabilities.
The DigiByte Foundation is looking forward to working together with LCX, creating more awareness and giving support to the DigiByte Community wherever possible.