Luxxfolio Weighs Litecoin Liquidity Role in Greywick’s Canton Token

Luxxfolio Holdings Inc. is exploring a role in the planned cLTC token’s reserve, a proposal that could put some of the company’s mined Litecoin (LTC) into a reserve-backed asset for Canton. The letter of intent, dated Oct. 27, was announced by Luxxfolio on Oct. 29. It describes a possible seed-liquidity role and calls for both companies to examine borrowing uses for cLTC. The letter specifies no amount of LTC for an allocation. Under the proposed setup, Luxxfolio would place some of its mined LTC in a Greywick reserve and receive cLTC at a one-for-one rate.