This token represents a new cryptocurrency exchange. Their goal is to create a more security cryptocurrency platform to combat the rampant theft in the industry. It's more of a combination of a centralized and decentralized platform. It uses a decentralized blockchain protocol within its own ecosystem so that users can easily track orders and make sure that they are not being manipulated.
This transparency prevents anyone from pumping prices for their own gains. This makes the platform provably fair, a phrase typically reserved for gambling projects, but the need in this sector is apparent, and investors everywhere are aching for a safe exchange which will allow them to trade knowing they are not being manipulated.
While there are a lot of crypto exchanges out there, this one seems to be making waves in all the right places. However, this also seems to be another project that does not really need a token. The token itself seems to have no real use case other than allowing ICO participants to gain a percentage for holding them.
Ethereum will be the settlement currency of choice, and for that reason, those looking to make an LGO Exchange investment may need to think about why anyone would buy these tokens in the first place. There's plenty of good ideas out there, but not everything needs to be tokenized.
If you're hoping to buy LGO Exchange on your favorite cryptocurrency platform, then you may be out of luck. This asset has a painfully small selection of exchanges, and that could be cause for concern. If they are delisted from one of these options then that could kill the trading volume, having a disastrous effect on the price. Worse still, if both shut down they could be without a home entirely. The trading volume, however, is decent, and investors can easily make a trade in either Bitcoin or Ethereum.
This is an Ethereum based asset. Investors who are looking for a safe place to store their funds will need to do so using an ERC20 compatible wallet. There's lots of great options here, but you should make sure that you're using a reputable wallet. There are plenty of crypto scams out there to be wary of! If you need a recommendation, then you could consider using Meta Mask or perhaps a mobile wallet like JAXX for Android or iOS. In any case, make sure to back up your wallet seed for safe keeping. If you lose access to your wallet this will be the only way to restore it.