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FAQs

This page is specially designed to help you to understand a little more about our platform. If you have more questions, feel free to contact us by email.

What is Lirax?

LIRAX is a Blockchain Platform, specialized in Certification and Traceability. Our main focus is to create a “Smart World” of identified people, companies and Institutions for a great and Ethics World. With our technology, you can easily timestamp documents, trace the best supply chain for your needs. With LIRAX you can simply tokenize real assets and more!

LIRAX was formally founded in 2018 from the merging of different business sectors (Quantum Communication, AI Development, Cyber Security and Intelligence Services).
We believe technology drives progress and together we can create the future. Motivated by this, LIRAX has been created to shift our traditional economy into the new 5.0 era.

Who is the team?

The LIRAX's team comes out of the main Italian, Switzerland, American, Russian, and Indian Universities. Our international experience is the primary value of our project, and day by day new people are bringing their experience inside our Platform.

The founder, Mr. Alessandro Civati, drives us between different goals and markets. Currently, we are more than 70 people in 3 countries, and we are growing! If you'd like to work with us, please send your Curriculum Vitae to our HR Office.

What is Lirax.Network?

Lirax.Network is an international network of partners, users, friends, suppliers and more, who choose to use LIRAX platform for their daily life activities. Inside Lirax.Network people can participate in a network of business opportunities, using all the potential of our technology.

With our API different users around the world can integrate their websites and grant access to verified users. LIRAX APIs are actually available for WordPress, Joomla and soon for new CMS applications.
Access to our Network is free, and the benefits are growing every day.

Who can use Lirax?

LIRAX is free. Lirax can be used by all of us. Our Blockchain Platform is intended to offer our users the possibility to access the Blockchain world without the need to buy cryptocurrencies or activates "ambiguous services" on the Web.

LIRAX is currently open to:

  • People: You can access to an international platform that offers you access to thousands of services. You can simply protect your ideas, give legal value to your expertise, use for free the Blockchain technology and access professional services, integrated into our platform;
  • Companies: They can save time within a lot of ways, using our Blockchain applications, increase their business opportunities granting "Blockchain certification" to their products, and more. Companies can share their products on new markets, meet new clients, be sure of the certified transaction in Blockchain, and be paid in real-time directly inside the Network;
  • No-Profit: NGO or Simple association can access for free to a lot of Blockchain Services, and experimenting new forms of collaboration and synergies. With LIRAX No-Profit organizations will be able to promote their initiatives to thousands of new supporters and increase their participation and their support to the area they are located and to the communities in which they operate.
  • Institutions: Governments and Local authorities can support the social economy, and contribute to the strengthening of supply chains and economic recovery. With LIRAX Institutions can increase the connections with the citizens, grant access to them to a lot of Blockchain services, like Voting, Municipal assistance, Billing procedure, and more. Thanks to LIRAX Institutions can experiment with new forms of social responsibility, enhancing their image and reputation.

Is Lirax KYC/AML Compliance?

Yes.
We decide to grant access to our platform only to verified users, in this way we work to confirm their identity in the law.

LIRAX adopt KYC/AML procedures like the financial system, but we are NOT a financial organization. We require that each user provides identification elements, like for example Tax ID, Address, Date of Birth, Government ID card, Address Verification or more if needed.
Moreover, we require bank coordinates, belonging to the user, if he would like to access to Business services.

Is Lirax a Crypto-Currency?

No.

Lirax.Org integrates inside its Blockchain Platform a digital currency (not a cryptocurrency) needed to grant access to all users the Blockchain Technology.

The Blockchain technology is NOT free, and at least at the current level of knowledge, it needs an instrument of payment to allow the creation of the different hashcodes or blocks.

The main differences between a Digital-Currency and a Crypto-Currency are:

  • It is available only inside a closed system. LRX (the code for the Lirax coin) is valid only inside our Lirax Eco-System;
  • It is not traded on an external exchange or financial Platform. LRX can be purchased, transferred, used, only inside Lirax.Org;
  • It cannot be mined. The circulating supply is managed only by Lirax authorities, and it is not allowed outside the system mine new LRX.

How can I buy Blockchain Services?

To access services inside our Platform you have to buy LRX. In this condition, all the transactions will be clear without human error.

We mean that you can buy LRX like a "scratch gift card", making a bank transfer directly from your bank account, use your credit card, or your Online account active in some financial Institution, like Paypal.

Once we receive your money, automatically the system upload a credit at your wallet with the exchange rate of 1LRX=1EUR, fixed. So for example, if you transfer 300 euro because you want to buy one of our license that costs 300LRX, you'll get 300LRX. You do not need to transfer more money to what you really need.

What is the ETHIC Lirax?

Ethic Lirax is an integrated eco-system that allows each of our member to provide or access services without the need to pay for them.

It is a full platform, that could be used in multiple ways:

  • You are a Student: you can obtain Ethic LRX from schools or partners of your School/University, to use for buy Books, Tickets or anything else they decide;
  • You are a Member of an Association: You can obtain Ethic LRX to access to services or buy products to conventional suppliers;
  • You are a Company: You can offer Ethic LRX to a specific target of users currently identified inside our Platform for multiple goals
  • and more!

Ethic Lirax Platform is the new way to obtain value for your value. Keep updated with us.

What is the STAR Lirax?

STAR Lirax is a sub-account integrated into your unique Lirax account, immediately active. It is used to manage Tokenization applications for Real Estate properties, Arts, Intellectual properties rights and different other Application linked to this porpuses.

The access to STAR Lirax Platform can be managed only by our professional partners who manage to their own Tokenization activities.
The Lirax Blockchain Platform offers the technology, but the specifics activities linked to it is reminded to authorized entities.

Will LRX tokens be classified as securities?

NO

LRX tokens are not securities.

They are more a kind to deposit & safekeeping receipts, which the U.S. SEC and Other International authorities have previously analyzed the kind, and recommended no enforcement actions for their use.

LRX is more like a Coupon for a closed market. You buy it because it can be used inside the system you like, or for specif purposes you have in mind.

Will STAR LRX tokens be classified as securities?

It depends on the contract who generates them, and by the legal entity who starts the Tokenization Process.

If the Lirax Identified User, has the licenses to apply a specific financial activity, he can use Lirax Platform to establish the tokenization process already inside the Lirax Platform.

It means he can make his job, and be sure of the identity of its players because all of them are part of our system (KYC & AML Compliance).

For more possibilities linked to the Tokenization processes based on the STAR LRX sub-accounts, we remind to the legal office of your Specialized Partner who proposed you to use STAR LRX.

What are the fees if I use LRX?

The current fees are:
 
To purchase and redeem LRX for EUR: 
--- 0 (zero) % if you buy directly from Lirax.org - with bank transfer; 
--- between 1% to 5% is you use different instruments, like Paypal or credit card.

Internal transactions do not require any payments.
Eventually, for some particular activity, system fee can be applied around 0.01% or less, of the transaction generated.

Is LRX backed?

We invite you to think that LRX is not a CryptoCurrency and it is part of our Platform just because you need it to perform your specif needs, like Timestamp a document, Participate to a supply chain traceability process, protect Intellectual properties you created or something like them.

Every time you spend real money to by LRX, with the Authorized instruments (all AML Compliance) you'll get the full corresponding value of your LRX. After that, you'll use these LRX exactly for the purpose you have in mind.

This evaluation could be different for STAR LRX, the will be managed in a totally different way, exactly like the nature of the STAR LRX sub-account itself.

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