LCX Monthly AMA Recap — LCX Telegram Community with Monty, CEO & Founder of LCX.com

Dear LCX community,

On May 10th, 2022, we had the most engaging and supportive AMA in our official Telegram chat, where our CEO, Monty C. M. Metzger (@montymetzger) answered questions from the community on various topics related to the LCX exchange revamp, mobile update, Token sale manager, Tiamonds, upcoming launches, and more. We really appreciate the warm conversation with the community and would like to share the summary of our live Ask Me Anything (AMA) session, moderated by community moderator “King” & “Alex”.

Community Host 

@montymetzger are you ready for us?

Monty Metzger CEO: 

Welcome LCX community!

Community Host 

Welcome Monty ?

Monty Metzger CEO: 

Hello ? $LCX family!

Community Host 

Thrilled to have you once again?

It might interest you to hear that we now have some new members who are really keen to know more about LCX. 

Could you please dive in to give us a brief intro about LCX, what the acronym stands for and some highlights?

Monty Metzger CEO: 

Yes, happy to do that.

Monty Metzger CEO: 

My name is Monty. I am founder and CEO at LCX. I am a serial entrepreneur, started my first internet company in 1998, had been a General Partner of a Venture Capital for 5 years before launching LCX. In 2017 we started to build the next decacorn company out of Europe – LCX was born. You can follow me at twitter at https://twitter.com/montymetzger

Monty Metzger CEO: 

LCX is a regulated fintech company that focuses on digital asset trading, compliant token offerings and tokenization. LCX operates a fast growing cryptocurrency exchange, a powerful DEX aggregator, a NFT platform for real-world diamonds and a token issuance platform enabling blockchain projects to raise $ millions in dollars the legal way.

Monty Metzger CEO: 

You can follow LCX at https://twitter.com/lcx

Monty Metzger CEO: 

[In reply to KING LCX]

LCX stands for Liechtenstein Cryptoassets Exchange. Liechtenstein is our home and headquarter of LCX AG – the company behind LCX. We have a centrally located office at Vaduz, the capital city of Liechtenstein.

Community Host 

Awesome!

Community Host 

Let’s move to the next question ?

Community Host 

What could have motivated/gingered you to choose Liechtenstein for LCX?

Monty Metzger CEO: 

Liechtenstein stands out due to the regulatory and legal framework. Liechtenstein has introduced the most forward thinking legal framework for cryptocurrencies and blockchain companies providing legal clarity and security for LCX’s users. 

Liechtenstein is a country next to Switzerland and Austria in the middle of Europe and received a AAA country rating from Standard & Poor’s – the highest rating possible. LCX has full market access to Europe and is well positioned as one of the leading companies in crypto valley next to Ethereum, Tezos, Polkadot, Bitcoin Suisse, SEBA Bank and others.  

LCX received 8 blockchain related approvals by the Liechtenstein regulator, more than any other company in the country. This includes our roles as Exchange Service Provider and Token Issuer on behalf of projects.

Community Host 

Lets go to the next Important question for the community ??

Community Host 

Bitcoin is at a 10 month low. War in Ukraine. Covid lockdowns in Shanghai.

How does the bear market affect LCX?

Monty Metzger CEO: 

The world is entering the largest recession since many decades.

Monty Metzger CEO: 

Also the crypto markets are currently reflecting this negative sentiment.

Monty Metzger CEO: 

LCX is thriving in these market conditions.

Monty Metzger CEO: 

Many competitors won’t survive and the market will consolidate. They’ve either spent too much on marketing or have never delivered a proper product.  LCX’s products are fully operational and profit from high trading activity.

Community Host 

?

Monty Metzger CEO: 

In every down-market cycle we have seen LCX token usage and adoption growing.

Monty Metzger CEO: 

And we do see this on a daily basis at our platform.

Community Host 

Interesting point?

Community Host 

That’s amazing !!

Community Host 

Let’s jump to the next question from the community ?

Community Host 

What makes LCX so special? Can you list 3 killer features of your project that make it ahead of competitors? What are the competitive advantages of LCX?

Monty Metzger CEO: 

LCX is a new category leader in the blockchain industry.

Monty Metzger CEO: 

Here are my top 3 USPs of LCX

Monty Metzger CEO: 

1) A key USP of LCX is our focus on legal and regulatory infrastructure. Our crypto compliance suite and account management is a proprietary technology and is super scalable. Users only need one LCX to use all our services and participate in token sales.

Monty Metzger CEO: 

Really top of the industry.

Community Host 

Great?

Monty Metzger CEO: 

2) LCX is the world leading platform for issuance of new coins and tokens for blockchain projects. Legally compliant, registered and simply done the right way.

Monty Metzger CEO: 

and

Community Host 

Very important ?

Monty Metzger CEO: 

3) LCX is delivering innovative products such as our NFT platform for real world diamonds. Tiamonds.com

Community Host 

Amazing, the world leading ?

Monty Metzger CEO: 

But also the DEX aggregator is simply a very powerful platform. Check it out at defi.LCX.com

Monty Metzger CEO: 

and test it yourself. We keep delivering exciting products.

Community Host 

Nice Monty !

Community Host 

Lets go to the next Question ⬇️

Community Host 

Some call LCX the Goldman Sachs of Crypto. Can you explain why ?

Monty Metzger CEO: 

As stated before LCX is the best platform to issue new tokens on behalf of crypto projects. We are the token issuer, launching the token to the market for the first time and protecting the blockchain project from legal risks. 

Our investor community is growing and we are becoming the new hotbed for the next big crypto projects.

Monty Metzger CEO: 

In the traditional financial world, companies are launched via Initial Public Offerings (IPO).

Monty Metzger CEO: 

For their IPO these companies work with placement agents and banks like Goldman or JP Morgan for initial book building.

Monty Metzger CEO: 

In the era of web 3 LCX has become the launchpad for initial token offerings combining many traditional functions on one platform.

Monty Metzger CEO: 

LCX is the identity service provider for smooth on-boarding of investors, payment processor for investor funds, legal token issuer and trading marketplace of the crypto asset. 

We are truly innovating the capital markets.

Community Host 

We have so many interesting questions from the community and really moved to throw them out to you??

Community Host 

To the next question ?

Community Host 

How to raise $ million of dollars in an initial coin offering in 2022? Why is LCX the best platform for a token sale?

Monty Metzger CEO: 

LCX is the one stop solution for a token sale.

Monty Metzger CEO: 

This includes a smart solution for private sales, fully replacing the manual SAFT agreements (simple agreement for future tokens). But it also includes the issuance and sales during public sales. In the beginning of 2022 LCX issued DGMV, VIS and NMKR at the LCX token sale manager.

Monty Metzger CEO: 

Tens of thousands of investors participated in these token sales raising more than 15 Million USD in total.

Monty Metzger CEO: 

At NMKR the first million $  was closed within the first 10 min of the sale.

Monty Metzger CEO: 

In short. 

LCX is the best platform for token sales in 2022 for any token sale.

Community Host 

Wow, this is really the future?

Monty Metzger CEO: 

We don’t charge per approved KYC but rather go all-in these crypto projects – and we profit when they profit. Providing smart contract development, investor on-boarding, registration of the token sale at the regulator, facilitating the investment payments and distributing the token according to the vesting schedule. And finally the first crypto exchange listing at LCX Exchange to give investors a guaranteed trading venue at the start.

Monty Metzger CEO: 

The blockchain projects do not need to waste time and money on legal advisory and lawyers – we have a legal tool kit and are ready to start the token sale within weeks.

Community Host 

Wow, that’s amazing !!

Monty Metzger CEO: 

But due to the current high demand we have to be very selective in which projects we select. All projects are going through an intensive due diligence process with our team.

Monty Metzger CEO: 

For our LCX users this is exciting as well. 

Our LCX users will get access to the next big crypto gem.

Monty Metzger CEO: 

And last but not least it is also important for the $LCX token.

Community Host 

High Demand sounds awesome !

Monty Metzger CEO: 

To participate you need to buy and use the $LCX token.

Monty Metzger CEO: 

there is a transaction fee of 1% of the investment amount only payable in LCX token

Monty Metzger CEO: 

in any token sale

Monty Metzger CEO: 

This is strengthening our LCX ecosystem and also exposing LCX to many new investors

Community Host 

Very Nice Monty !

Community Host 

Thank you

Community Host 

The next question is

Community Host 

Indeed, well-articulated insight ?

Community Host 

LCX will be the first centralized Exchange supporting native Cardano tokens. How complicated is the implementation ? And when will NMKR be listed?

Monty Metzger CEO: 

Yes, LCX has facilitated the token sale of NMKR token of NFT makers. This is a Cardano native token.

Monty Metzger CEO: 

That’s why our technology team has been setting up additional infrastructure. Upgrading our cardano nodes and implementing new gateways and solutions at the LCX platform. This is complex

Monty Metzger CEO: 

LCX will be one of the first centralized exchanges fully supporting native cardano tokens.

Monty Metzger CEO: 

This is a huge milestone for LCX but also for the industry as a whole.

Monty Metzger CEO: 

To achieve this LCX’s technology team has been closely working in collaboration with the team of the Cardano foundation. Their team was actively supporting the implementation while LCX developed an innovative approach to deliver a seamless user experience – never implemented before.

Community Host 

That’s very interesting ??

Monty Metzger CEO: 

NMKR is the first Cardano native token at LCX, and there are hopefully many more to come.

Community Host 

This is great and happy to be part of this ?

Community Host 

This will take us to the next question guys?

Community Host 

I hope y’all are following with the great insight ?

Community Host 

Was the listing of LCX tokens at CoinDCX successful?

Monty Metzger CEO: 

The listing at CoinDCX is exposed to 10 million users in India.

Monty Metzger CEO: 

So – I would call this a huge success

Monty Metzger CEO: 

To use CoinDCX you need an India mobile number when signing up. So it is an exchange platform fully focusing on the Indian market.

Monty Metzger CEO: 

LCX token was launched with an INR trading pair.

Community Host 

You can find the pair here https://coindcx.com/trade/LCXINR

Community Host 

Let’s bring in the masses ✅?

Monty Metzger CEO: 

Around the listing a is a ton of marketing planned.

Monty Metzger CEO: 

For example I am invited to live video interview soon

Monty Metzger CEO: 

They will announce it in the next few days

Community Host 

Wow amazing !!!

Community Host 

Monty the next one is a very nice one ?

Community Host 

Will LCX Token be listed at Kraken as well ?

Monty Metzger CEO: 

We can’t comment on future listings. ?

Community Host 

Huge if true?

Monty Metzger CEO: 

But I can confirm…

Monty Metzger CEO: 

But I can confirm that we have been in close contact with the Kraken team as well as with Kraken Ventures.

Monty Metzger CEO: 

We provided many details and confidential documents about LCX token and LCX as a company.

Monty Metzger CEO: 

Maybe our community wants to ping Kraken on twitter and let them know that you want LCX to be listed….

Community Host 

Gonna do that ?

Community Host 

To the next ?

Community Host 

Will Monty be at WEF Davos?

Community Host 

Community wants to know about this ?

Monty Metzger CEO: 

The World Economic Forum is hosting its annual meeting in Davos at the end of May this year. This is very special as they typically do the event in January. But due to Covid it was postponed to May.

Monty Metzger CEO: 

I have been attending Davos since 2008. Every time it has been different and this year will also be very special. More intimate and in a smaller setting I assume.

Monty Metzger CEO: 

Many large receptions or parties are not happening – and many companies only do smaller things.

Community Host 

Interesting, we’ll love to see LCX there ?

Monty Metzger CEO: 

Nevertheless the audience and participants are important to us. Lot’s of government officials, leading CEOs and NGOs attending

Monty Metzger CEO: 

Thus, LCX has decided to do a special campaign during Davos.

Monty Metzger CEO: 

We have booked many very prominent out-of-home media placements and posters directly in front of the conference center and throughout the city.

Monty Metzger CEO: 

I won’t spoil our campaign theme, but it will be an eye-catcher for sure.

Monty Metzger CEO: 

Many participants will remember it and it might be also shared on social media. 

Looking forward to this.

Community Host 

Awesome! ?

Community Host 

Wow that’s awesome ✅?

Community Host 

Let’s go to the next one Monty!

Community Host 

Many Crypto Events Are upcoming. Will LCX be there as well ?

Monty Metzger CEO: 

It’s spring in Europe. Switzerland lifted all Covid restrictions similar to many other countries.

Monty Metzger CEO: 

Post-Covid events are happening and it feels like all conference organizers are doing something now.

Monty Metzger CEO: 

LCX is ready for growth. We have outstanding products and industry leading solutions for initial token sales. That’s why we want to expand our reach and are rolling out several awareness campaigns.

Monty Metzger CEO: 

We will be doing an awareness campaign during Consensus 2022 in Austin Texas – USA.

Monty Metzger CEO: 

We will be presenting and sponsoring several crypto conferences in crypto valley and other cities in Europe in the next 1-2 months.

Community Host 

Source very nice !

Monty Metzger CEO: 

And our awareness campaigns also include outreach to the heart of silicon valley with some media placements.

Monty Metzger CEO: 

This is targeting key decision makers, VC crowd and investors – but also entrepreneurs looking for a solution to do their token sale

Community Host 

The Masses will hear about LCX. ??

Monty Metzger CEO: 

I don’t want to give you all the details upfront. But we will share infos once the campaigns start.

Community Host 

I’m highly impressed with all these insights, however, still got more questions from the community ??

Community Host 

How did the NMKR token sale go? Was it a hit or not?

Community Host 

To the next?

Monty Metzger CEO: 

The NMKR token sale was successful.

Monty Metzger CEO: 

Within a very short span of time, the the sale was 100% sold out

Community Host 

Congratulations team?

Monty Metzger CEO: 

This great news was shared with the community on the NFT-Maker twitter page itself: https://twitter.com/nftmakerio/status/1515948244865630208 .

Monty Metzger CEO: 

It was definitely a hit, and soon the community will see the $NMKR token listed on the LCX exchange.

Community Host 

????

Monty Metzger CEO: 

The NMKR team is also delivering on growth projections. More than 1 Million NFTs have been minted on their platform already

Monty Metzger CEO: 

OpenSea Who?

Community Host 

Awesome !

Community Host 

Next one is nice and important

Community Host 

Can we see some new features on LCX mobile ?

Monty Metzger CEO: 

LCX Mobile is an important product category for LCX.

Monty Metzger CEO: 

We are happy to announce that LCX Mobile has been upgraded and now you can not only trade, buy, sell, and manage your profile on LCX mobile but also participate in the token sale.

Monty Metzger CEO: 

Let me repeat that

Monty Metzger CEO: 

Participate in any upcoming token sale directly from your mobile. 

This has been a key feature demanded by our community as well. Exciting.

Monty Metzger CEO: 

We have shared this information with the community through our social media channels etc. 

You can download the app and update it here

https://play.google.com/store/apps/details?id=com.lcx.app&hl=en_IN&gl=US

Monty Metzger CEO: 

This is LCX Mobile for Android.

Monty Metzger CEO: 

LCX Mobile iOS is in final testing.

Monty Metzger CEO: 

Our team is focusing on getting this launched soon.

Monty Metzger CEO: 

I can’t wait any longer as well… and we all want to have LCX on our iPhone as soon as possible

Community Host 

And this will take us to another question from the community ?

What types of assets are you allowed to tokenize so far?

Monty Metzger CEO: 

The Future Will Be Tokenized.

Monty Metzger CEO: 

We believe that everything that can be tokenized will be tokenized.

Monty Metzger CEO: 

We have started with a non-fungible asset – real world Diamonds as NFTs. The platform is called Tiamonds.com which stands for Tokenized Diamonds. We have successfully sold and issued 100 diamond NFTs.

Monty Metzger CEO: 

Tiamonds has become the largest marketplace for tokenized diamonds already. Just this week we have ordered hundreds more diamonds which will be launched soon.

Monty Metzger CEO: 

Tiamonds will revolutionize the diamond market and some diamond industry players have already reached out to us to learn more. With our platform Diamonds can truly become a new investment category, they can be easily traded globally while ownership and security always maintains.

Monty Metzger CEO: 

All NFT holders get TIA tokens in our own-2-earn model. TIA token is slowly getting more interest as 10% of all on-chain transactions are used for reflection, burn and rebalancing.

Community Host 

Have always believed in this course ???

Monty Metzger CEO: 

We should do another AMA only on Tiamonds…. There is so much to talk about. But let’s move on to the next question now.

Community Host 

Wow, we can’t wait for this ?

Community Host 

Before we throw the live chat open to the community, let’s take a look at another question from the community Monty?

Community Host 

Are you aiming to be a security exchange?

Monty Metzger CEO: 

After the hype around the JPG NFTs – asset backed NFTs will be the next big thing!

Community Host 

?

Monty Metzger CEO: 

Let me give you some background on this

Community Host 

LCX has launched the Liechtenstein Protocol, a new standard for security tokens. You can find our technical whitepaper online. For the Liechtenstein Protocol we work with Hedera Hashgraph, Polkadot and other blockchain ecosystems to bring digital securities to the masses.

Monty Metzger CEO: 

LCX has also filed a prospectus for a tokenized bond, a bond in the form of a security token. Issued and sold by LCX.

Monty Metzger CEO: 

So all of these activities are leading to our long term goal to become the leading platform for digital securities and crypto tokens alike.

Community Host 

I hope y’all are ready for the live chat???

Monty Metzger CEO: 

The aim and goals of LCX are very clear for 2022. The year of the Tiger will be great for LCX and there will be a lot of surprises and news for the community to cherish. What we have planned for this year is already there in our product roadmap 2022: https://www.lcx.com/product-roadmap-2022/ . We are following it smoothly and will go further as per our roadmap.

Community Host 

That’s simply amazing and I must commend you and the team for the great vision?

Monty Metzger CEO: 

In short – Yes, this is a key element of our roadmap and we have filled necessary licenses for this.

Community Host 

Awesome, this is indeed great news for us all?

Monty Metzger CEO: 

I assume there are many more burning questions out there

Community Host 

Since NFT is popular nowadays, is there a plan for NFT integration?

Monty Metzger CEO: 

See https://tiamonds.com/ this is the NFT platform by LCX

Tiamonds (https://tiamonds.com/)

LCX :: Tiamonds

Tiamonds are non-fungible tokens (NFT) representing the ownership rights of real-world Diamonds.

Community Host 

I am interested in investing in your project. When and where can I buy your tokens? Is it already listed on exchanges?

Monty Metzger CEO: 

We are listed at LCX Exchange, Coinbase and many other exchanges. 

https://www.lcx.com/how-to-buy-and-use-lcx-token/

and 

https://www.coingecko.com/en/coins/lcx

Community Host 

Let’s take your questions one by one guys?

Community Host 

We needed to mute the chat once again as we are overwhelmed with tons of questions ?

Monty Metzger CEO: 

Good to see so much interest

Monty Metzger CEO: 

and so many good questions

Community Question

CAN you explain how your Tokenomics Distribution is? How many tokens Will be minted ? And How many tokens Will be locked by the team..???

Monty Metzger CEO: 

The LCX Token ($LCX) is a utility token issued by LCX AG.

The LCX Token is a utility Token which may be used to pay all fees associated with the services offered by LCX AG, for example, trading fees at LCX Exchange.

The total supply is 950’000’000 LCX Token. The majority is owned by the community already. 

Coingecko says the circulating supply is 561,782,428 > but I assume it is even higher. 

LCX has a locked up company reserve of 100 Million LCX tokens. Locked up at LCX vault https://www.lcx.com/lcx-token-company-reserve/

Community Question

Do you have AUDIT certificates?

                   or

Are you working to  AUDIT your  project, so that the security  of the project becomes more secure and  reliable? Thanks Sir ✅

Monty Metzger CEO: 

We work with Certik – one of the most well known and reputable companies in the market. 

see https://www.certik.com/projects/lcx

Certik (https://www.certik.com/projects/lcx)

LCX – CertiK Security Leaderboard

Stay up to date with the latest security insights on LCX: Smart Contract Audit, Skynet Security Scores, Badges, CertiKShield and many more security-focused statistics.

Community Question

How important is the community to you?  and how can we collaborate or help you for the development of the project?

Monty Metzger CEO: 

Our $LCX community is outstanding. We listen to the feedback of our users and focus on developing products our users love.

Community Question

PARTNERSHIP & COLLABORATIONS are the backbone in making every project more widespread. Can you list some of our partners with us?

Monty Metzger CEO: 

Absolutely. 

Let me name a few of our key partners:

Here is a list of all partners: 

https://www.lcx.com/partners/

Monty Metzger CEO: 

• ICON Foundation
• Polkadot and Parity Technologies
• Hedera Hashgraph
• World Economic Forum
• Leading legal firms worldwide and in Liechtenstein
• Animoca Brands (they just did the Otherside NFT sale with Bored Ape Yacht Club)
• CELO Foundation
• We are a member at Celo foundation as well
• NGOs like Global Digital Finance and OpenVasp Alliance

and many more

Quant, F1 Delta Time, Blockchain Research Institute etc.. etc.

Monty Metzger CEO: 

LCX has been named Blockchain Pioneer by the Blockchain Research Institute Canada.

Community Question
Currently, most projects and platforms are in English.  Do you have a local community to better understand your project?

Monty Metzger CEO: 

We also focus on English. While we have a strong German community for example. 

In addition we are rolling out our platform in many languages. 

We just release the multi-languages features at defi.LCX.com and Tiamonds.com

Community Question

Partnership is always an important factor for every project. So who is your partner? What are the benefits you get from those relationships? Thanks

Monty Metzger CEO: 

In addition to partnership, we have amazing and very active advisory. 

The advisory board of LCX includes leading thought leader Don Tapscott (Author of Blockchain Revolution), Jimmy Wales (Founder of Wikipedia), Yat Siu (Chairman at Animoca Brands), and others.

Community Host: 

The AMA session with Monty has finally come to an end.

We’re thankful for your support and for the amazing response to the AMA session with the CEO. 

Also, we are indeed overwhelmed by all our esteemed community members, for their support and vitality towards the project.

For more information regarding LCX and the latest updates, you may visit LCX Insights 

Thanks to all of you! The $LCX Community is amazing!