LVGA
The Lugano's City Payment Token
Powered by blockchain technology, pegged to swiss francs and guaranteed by the City
LVGA are a local stablecoin. They can be purchased within the MyLugano app and collected through the cashback while shopping at local affiliated shops. Unlike other cryptocurrencies such as Bitcoin LVGA can be used only in Lugano and once obtained they cannot be exchanged or traded for other currencies. LVGA are not subject to fluctuation being "pegged" to the Swiss franc. Thus, they have no speculative intent but exists solely and exclusively as a form of incentive for local spending in Lugano.
Powered by blockchain technology, pegged to swiss francs and guaranteed by the City
LVGA are a local stablecoin. They can be purchased within the MyLugano app and collected through the cashback while shopping at local affiliated shops. Unlike other cryptocurrencies such as Bitcoin LVGA can be used only in Lugano and once obtained they cannot be exchanged or traded for other currencies. LVGA are not subject to fluctuation being "pegged" to the Swiss franc. Thus, they have no speculative intent but exists solely and exclusively as a form of incentive for local spending in Lugano.
Key facts about the LVGA
THEY PROMOTE LOCAL SHOPPING
They are not a speculative currency and their sole purpose is to promote spending in the City
MANAGED ON MYLUGANO
They can be purchased, obtained and spent using the MyLugano app and wallet
PAYMENT TOKEN
LVGA are a payment token based on the ERC-20 standard
NO VOLATILITY
Stablecoin pegged to the Swiss franc with an exchange rate equal to 100 LVGA = 1 CHF
GUARANTEED BY THE CITY
Fully backed by the City's monetary reserves
BASED ON 3ACHAIN
Based on blockchain and the 3Achain network that ensures efficient and secure transactions