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Cryptoenter LION token
About Cryptoenter LION token
Cryptoenter, developed by Smart Block Laboratory, was a blockchain infrastructure for digital banking, aiming to connect banks, businesses, and users through Hyperledger Fabric. It offered fiat and crypto payments, exchange trading, banking operations, and integration with retail stores. LION, its ERC-20 token, was introduced via a Market Expansion Offering (MEO) at $0.136 per token. It was intended for payments, trading, and crowdfunding. Despite its promotion as a key part of the ecosystem, Cryptoenter removed all references to LION, and there are no records of it being actively used. The company had partnerships with IBM and the Linux Foundation. Key figures included CEO Pavel Lvov and advisor Andrey Filatov. Since mid-2023, there have been no updates, and the token has disappeared from exchanges. Cryptoenter now focuses on blockchain infrastructure, leaving LION’s status unclear and raising doubts about its future.
Cryptoenter, developed by Smart Block Laboratory, positioned itself as a blockchain infrastructure for digital banking, aiming to decentralise financial services by integrating banks into a unified digital ecosystem. However, despite the project’s website still being online, all references to its native token, LION (ERC-20), have been removed, raising questions about its current status and viability.
Cryptoenter was introduced as a blockchain infrastructure for digital banking, leveraging Hyperledger Fabric to facilitate secure and seamless financial transactions. The project aimed to connect banks, businesses, and users in a decentralised ecosystem, offering:
- Instant fiat and cryptocurrency payments – Enabling transactions between users, businesses, and financial institutions.
- Messenger-based transactions – Allowing users to perform payments and other operations directly within a messaging application.
- Integration with retail stores – Supporting merchants in accepting cryptocurrency and fiat payments.
- Exchange trading – Claimed to be powered by a high-speed trading engine from the London Stock Exchange Group, facilitating transactions on Cryptoenter’s exchange.
- Banking operations – Enabling the transfer of fiat and cryptocurrencies between users.
- Currency exchange – Offering instant conversion between assets at a given rate via a bank-facilitated exchange mechanism.
Cryptoenter promoted itself as an alternative to Ripple (XRP), positioning its infrastructure as a way for banks to integrate blockchain-based financial services while retaining control over liquidity.