Dear LCX community,
On September 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 platforms, our objectives, 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
Hello great people and LCX community?✋
As we are about to start the AMA program proper, it’s important to pass this piece of information to the community.
During this AMA session, the community would be silenced for an easy flow of communication between the hosts and the CEO.
We seek your indulgence while muting the channel for an easy flow of communication to address your questions and the readability of all. Again, we’re equally going to open the channel after the first session to entertain your interactive questions at the end of the AMA proper??
Community Host
Good to welcome you once again to this month’s AMA @montymetzger.
Community Host
The community is saying Hi!
Community Host
The time of the tick tock has ended. The time of the revamp has come ?.
Community Host
Hi Monty, thanks for taking the time to answer our questions every month!
Community Host
Let’s go, Monty! LCX!!! ???
Community Host
Looking at tens of questions submitted, we need to get started on time guys ?
Monty Metzger, CEO
Community is First!
Community Host
Welcome onboard once again @montymetzger ?
Monty Metzger, CEO
Hallo, Grüzi and Welcome LCX Community.
Monty Metzger, CEO
Or as we say in Liechtenstein. Hoi.
Community Host
Welcome Monty !!! ✅?
Community Host
We have tons of questions submitted and will just go straight to those questions.
Monty Metzger, CEO
Yes, so many questions this time. We’ll try to answer as many as possible
Community Host
There’s been a lot of talks on Sandbox, could you please open the floor with this?
Monty Metzger, CEO
600 Community Members online! Amazing.
Monty Metzger, CEO
Sandbox is a long time partner for us. We have listed $SAND at LCX Exchange and they are pushing LCX at their community as well.
Monty Metzger, CEO
As such we have started another Campaign with Sandbox where you can win big.
Monty Metzger, CEO
Details are here https://www.lcx.com/lcx-x-the-sandbox-5-alpha-passes-season-3-giveaway/
Community Host
Great!
Community Host
Awesome Monty !!!
Community Host
Lets go to the next one
Community Host
Can you tell us something about Tiamonds Campaign, newbies and Influencer ?
Monty Metzger, CEO
Tiamonds is turning the Diamonds industry upside down. We have been contacted by the big jewelry brands and by Diamonds retailers. From Cartier, de Beers to large B2B trading houses.
Community Host
Wow ???
Monty Metzger, CEO
As we prepare the next stage of development we also want to give back. And the new sign ups show we are on the right path.
Monty Metzger, CEO
We launched Tiamonds Influencer Campaign where you can win 1 real-world diamond as NFT, 1 Tiamonds NFT, plus 1 Million $TIA token
Monty Metzger, CEO
This is for our current community, and the winner will be the most influential $TIA influencer
Community Host
Awesome! ?
Monty Metzger, CEO
But we also have set up a campaign for all new sign ups. It’s so easy. Just sign up and get verified. Then you are in the pool.
Monty Metzger, CEO
One random person will win 1 real-world diamond as NFT, 1 Tiamonds NFT, plus 1 Million $TIA token
Community Host
Interesting ?
Monty Metzger, CEO
But we have more prices for many other participants!
Monty Metzger, CEO
Don’t miss this
Community Host
Very nice and good for our growth?
Community Host
???
Monty Metzger, CEO
Details here https://www.lcx.com/tiamonds-newbie-awards-2022/
Monty Metzger, CEO
Details here https://www.lcx.com/tiamonds-influencer-awards-2022/
Community Host
Very important Infos above ⬆️
Community Host
Thanks for the update:)
Community Host
From Tiamond, let’s move down to Defi Terminal as we have got some of our users asking about the update and latest developments.
Community Host
Could you please give us an update on Defi Terminal @montymetzger?
Monty Metzger, CEO
DeFi Terminal is the preferred DEX aggregator for thousands of users on a daily basis now.
Community Host
Great ?
Monty Metzger, CEO
In the past weeks DeFi Terminal aka. “Fire Salamander”, the most advanced DeFi platform just got better.
Community Host
Very nice !
Monty Metzger, CEO
We did a big product update and launched the Multi-Wallet integration. Supporting he wallets that are integrated:
- Metamask (Standard)
- Fortmatic
- Wallet Connect
- Coinbase
- Portis
Monty Metzger, CEO
Coinbase Wallets seems to be very popular by our users besides Metamask
Monty Metzger, CEO
And for the coming months there is even more planned at DeFi Terminal.
Community Host
??????
Monty Metzger, CEO
It’s in stealth mode right now, but it will blow your mind when launched. Big new update coming
Monty Metzger, CEO
for now, I recommend to test the platform and use it … https://defi.LCX.com/dashboard
Community Host
That’s really awesome ?
Community Host
Thank you Monty !!
Community Host
Lets go to the next question ?
Community Host
Can you tell us something about the LCX Mobile Updates
Monty Metzger, CEO
We are listening to our community on a daily basis. We are building products that our users love.
Monty Metzger, CEO
LCX Mobile has been updated in the past months several times. We included many functionality updates, improved speed and performance
Monty Metzger, CEO
Community Host
Awesome!
Monty Metzger, CEO
iOS but also Android has been updated
Monty Metzger, CEO
Monty Metzger, CEO
August was really a blast for LCX – we’ve kept building and building
Monty Metzger, CEO
Community Host
Very nice ! That’s what the Community loves to see ??
Monty Metzger, CEO
But September ?, October, November, December…. OMG.
There are several big things incoming. Projects we have been working on since months. Which we have teased in January already, but now coming closer and closer.
Community Host
???
Community Host
Interesting news to hear ?
Community Host
Plenty of news in the pipeline ??
Monty Metzger, CEO
We try to get the balance right between short term successes and wins. But also invest long term in regulatory setup, on-going dialog with banks, NGOs and government bodies on CBDCs or tokenization.
Monty Metzger, CEO
Today we just published some good insights about crypto regulation again https://twitter.com/lcx/status/1568622829192478722
Community Host
Awesome!
Community Host
We have seen crypto enthusiasts preparing for the next bull market and looking for what tokens to buy ahead of the next bull market. Let’s get to talk about the next token sale. Tangent Token Sale! What makes it unique and why should our community key to it?
Monty Metzger, CEO
LCX has a really unique USP.
Monty Metzger, CEO
If you want to launch and issue a token – the legal way. LCX is the only platform worldwide you can offer a solution from A-Z.
Monty Metzger, CEO
As such we have doubled our business development team, because we are getting so many requests.
Community Host
That’s very awesome for LCX !!!
Monty Metzger, CEO
Remember our campaign at Consensus LCX.com/austin
Community Host
That’s growth for our Project ?
Monty Metzger, CEO
This created attention and many blockchain projects are considering launching their token the legal way.
Monty Metzger, CEO
Tangent is one of many many projects to come.
Community Host
Interesting ??
Monty Metzger, CEO
“We are delighted to notify you that LCX will manage the $TANG Token Sale through our compliant token sale platform. Tangent has chosen LCX as its exclusive token issuer to execute a compliant initial coin offering of $TANG tokens.”
Monty Metzger, CEO
All details here https://www.lcx.com/tangent-chooses-lcx-for-tang-compliant-token-sale/
Community Host
Awesome!
Monty Metzger, CEO
What’s the impact for the LCX and LCX community?
Monty Metzger, CEO
First, new sign ups. Many crypto whales and influencers are registering at LCX and joining these token sales
Monty Metzger, CEO
Second, our utility token $LCX will be used. a 1% fee needs to be paid for all transactions. So if we have 100 Million of token sale volume on our platform, 1 million USD worth of $LCX needs to be paid.
Monty Metzger, CEO
All new investors are exposed to the $LCX token and need to use it.
Community Host
Monty Awesome News and Infos for the LCX Community !
Now let’s talk about CV Summit in Zug next week
Monty Metzger, CEO
LCX will be at CV Summit in Zug – in the heart of crypto valley next week.
Monty Metzger, CEO
We are a key partner and sponsor this time. A booth at the main partners area.
Monty Metzger, CEO
Some of our key people will be attending. Some key community members will join. And I will be there as well.
Monty Metzger, CEO
Also I will participate on the main stage right after the opening. Talking about tokenization, LCX platform and Tiamonds
Monty Metzger, CEO
Come and join us next week
Monty Metzger, CEO
https://twitter.com/lcx/status/1568215144295022594
Community Host
Awesome!
Community Host
Huge ?
Monty Metzger, CEO
Many great events upcoming and LCX’s ecosystem is growing – spreading the benefits of LCX
Community Host
Awesome! ??
Monty Metzger, CEO
The NMKR team will be at the big Cardano Conference – The Cardano Summit 2022. Showcasing $NMKR which is listed at LCX Exchange and which was issued via our Token Sale Manager
Monty Metzger, CEO
DigiCorp will be at the Blockchain Expo Amsterdam. $DGMV has been issued and sold via LCX’s token sale manager as well. DigiCorp will be showcasing their secret project and making announcements at this large Blockchain event.
Community Host
Awesome!
Monty Metzger, CEO
LCX will be sponsoring and attending the most important Conference in Liechtenstein this year as well. Token Summit 2022, held in October in Vaduz.
Monty Metzger, CEO
Monty Metzger, CEO
And in November we will be at NFT London – organized by the team of NFT. NYC…
Monty Metzger, CEO
Community Host
LCX is everywhere spreading the word !
Monty Metzger, CEO
At NFT London we will be showcasing how LCX will tokenize the world. And we will give insights about Tiamonds – Tokenized Diamonds (real ones) as NFTs.
Monty Metzger, CEO
Growing every day.
Monty Metzger, CEO
It takes years to build an overnight success
Community Host
Thanks for the updates ?
Community Host
We’ll open the chat and come back to drop the special……..?
Community Host
When is Qnt Overledger Gateway going live on LCX?
Community Host
Do you still have plans to tokenize real estate? Any update regarding this statement?
“We may soon come up with an STO offering in the real estate sector”
Community Host
Does your project support staking programs? if yes. How does your stake system work? What is the requirement for users if they want to stake in your platform? What are your marketing strategies to attract investors?
Community Host
According to the Roadmap 2022, Trading Terminal 2.0 (CeFi) is not under R&D products. Is there an update for the CeFi terminal? What about the Smart Brokerage function?
Last year you have already worked on it?
Community Host
Dear Mr. Monty,
Can LCX become the official cryoto exchange of India? LCX seems well positioned there.
Community
How big is the dev team at the moment?
Community
What is the plan to increase liquidity on the exchange?
Community
When will I see the secret advisor ???
Community Host
Is LCX working with governments to set up CBDC infrastructure?
Community Host
“The token often represents the journey of the company” is something you have said in the past, @montymetzger. What journey does the chart of $LCX represent to you? What story does it tell? (From twitter)
Monty Metzger, CEO
We will be almost 100 full time people at the end of this year. More than 50% are developers. We continue to hire some of the smartest and good looking people. As many companies close down or fire people…. we can cherry big the best.
Community Host
Security is always the most important issue. Day by day, hacks happen with greater frequency and scale. So what is the solution to ensure the safety of users and their assets?
Community
I hold crypto in lcx exchange. Is there a kind of insurance?
Monty Metzger, CEO
We continue the dialog with government representatives, banks and central banks. We share our knowledge and discuss joint pilot projects.
Community Host
Thank you ??
Community Host
Can you tell us more about your future liquidity provider? ?
Community Host
What happened to the VXV Partnership?
Community Host
Is that question from you??
Monty Metzger, CEO
I am a big fan of India and love the country. I also had the honor to attend the india economic summit, discussing blockchain and crypto with government leaders and industry moguls. From Mahindra to PayTM. Many want to drive innovation, but unfortunately the regulatory framework is blocking many efforts currently.
Community
Is it possible to start staking next year?
Community Host
Interesting and glad to get this feedback ??
Community
amazing
Community Host
What are #LCX doing to reach more users? Will you collaborate with local crypto communities and crypto experts? And are you going to expand the list of major exchanges?
Community Host
Community is important for the progress of a project. How many users are currently using the LCX platform? And What’s the future plan to increase LCX users?
Community Host
Collaboration and partnerships are one of the cornerstones to making every project more widespread. Can you tell us about #LCX current partners, plans for partnerships?
Community
the most active community?
Community
$DUSK partnership #tokenization #regulated ?
Monty Metzger, CEO
Our vision is to tokenize the world.
We started with Diamonds. Next up are tokenized financial products, such as the tokenized bond.
Community
The lcx symbol is an alchemical symbol lol
Monty Metzger, CEO
Alchemist is someone Who Transforms Things for the Better.
?
Community
oh yes, every strong company has behind a symbol that represents a meaning (for a few) the symbol lcx what does it represent?
Monty Metzger, CEO
And I am a big believer that real estate tokenization, fractional ownership empowered by the blockchain and real estate usage / rents via utility tokens will be the future. And we are investing in this vision to make it a reality.
Community Host
?????
Community Host
Marketing is a critical component of every project, since it ensures that everyone is aware of the project’s potential and that the objectives are met. What is your long-term strategy for attracting more users and investors to #LCX?
Monty Metzger, CEO
LCX is much more than LCX.com and our LCX Exchange. By launching new token projects, such as $NMKR, $DGMV, $VIS and now $TANG we tap into large existing communities with millions of new users. This is a big growth factor for us.
We offer exclusive trading pairs which are growing organically.
Community Host
Gaming is an undiscovered area with great potential in the cryptocurrency field, it is true, the current games presented on the blockchain have just taken their first steps in development with iterative animations & identical gameplay. How did LCX change this appearance?
Monty Metzger, CEO
Build What You Love and Use Everyday.
Community Host
Interesting ?
Community Host
What are the benefits of holding LCX NFTs, do they have some incentives or Integrated functions attached to them?
Community Host
Could you please tell us more about your tokenomics? What’s the total supply and What kind of plans do you have regarding LCX unlocks in the future?
Community Host
According to the Roadmap 2022, Trading Terminal 2.0 (CeFi) is not under R&D products. Is there an update for the CeFi terminal? What about the Smart Brokerage function?
Last year you have already worked on it?
Monty Metzger, CEO
LCX is the next generation of crypto exchange. Within the next 10 years the industry will grow beyond 1 billion active users and LCX will be among the key players
Community Host
Could you please share detailed token metrics of $LCX? Is there any requirements to participate in the IDO sale of LCX to contribute over $1M ? What are your next big steps for expansion and product upgrade in the next quarter of 2022?
Community Host
LCX is the Future.
Monty Metzger, CEO
If you hold a Tiamonds NFT you get 1 Million $TIA
Monty Metzger, CEO
Monty Metzger, CEO
All details on our partnership with Quant are public. See https://quant.network/press-releases/quant-partners-with-lcx-to-advance-cbdc-settlement-implementation-2/
Monty Metzger, CEO
Btw – after Quant announced the partnership with LCX, their utility token $QNT rallied 200% and joined the top100 on CMC.
Community Host
LCX impact.
Community Host
Monty one last question !!
Monty Metzger, CEO
yes
Community Host
Any update on LCX’s big revamp?
Monty Metzger, CEO
We got so many questions about our LCX platform revamp. This is important for us and a major milestone!
Monty Metzger, CEO
Let me share some special insights with you today.
Community Host
Lets gooooooo!!!
Monty Metzger, CEO
HIGHLIGHTS
LCX Exchange Revamp
– New UI and UX (far better than current one)
– Improved security of users’ accounts.
– Improved (and faster) login process with better security
– Scalable trading engine for more users. Ready to onboard millions of new users.
– Faster and automated withdrawals, without compromising on security
Monty Metzger, CEO
And now the best part….. tick tock
Community Host
Omg ?
Community Host
We are ready
Community Host
Bring it on?
Monty Metzger, CEO
We will publish all details next week and make a special announcement.
Also we will start the official countdown with fixed launch day – early October
Community Host
Yes !!! The day all have been waiting for is coming ?
Monty Metzger, CEO
From next week on we will share updates almost daily with details about LCX Exchange Revamp
Community Host
Awesome! ?
Monty Metzger, CEO
We will do the final infrastructure setup and prepare for the transition.
Community Host
Great!!!
Monty Metzger, CEO
Also we decided to launch LCX Exchange Revamp after the big Ethereum Merge which LCX is actively supporting as well
Community Host
Awesome !!
Community Host
Awesome! ?
Monty Metzger, CEO
So… less than 4 weeks / 30 days away. Exciting
Community Host
Thank y’all for your support ?
Monty Metzger, CEO
Thank you all for joining!
Monty Metzger, CEO
This was exciting. And so important to connect with the LCX community.
Community Host
We have now come to an end. Thank you @montymetzger for the great insights and updates?
Community Host
??
Monty Metzger, CEO
Thanks @king_LCX @Alexi_LCX for hosting this AMA. Well done!
Community Host
Thank you ! Let’s go Monty !! ??
Monty Metzger, CEO
Now back to our LCX lifestyle. ?
Community
Thank you, this is just what we need! Automated withdrawals, fast login, better performance! LCX will be one on the road to becoming one of the top exchanges with these updates.
Monty Metzger, CEO
Have a good weekend.
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!
Disclaimer: This content contains forward-looking statements that involve inherent risks and uncertainties, and we might not be able to achieve the predictions, forecasts, projections and other outcomes we describe or imply in forward-looking statements. A number of important factors could cause results to differ materially from the plans, objectives, expectations, estimates, and intentions we express in these forward-looking statements and in other public filings and press releases. We may not achieve all of the expected benefits of our strategic initiatives and partnerships. Factors beyond our control, including but not limited to the market and economic conditions, changes in laws, rules or regulations and other market challenges, could limit our ability to achieve some or all of the expected benefits of these initiatives. This content is not financial advice and should not form the basis of any financial investment decisions nor be seen as a recommendation to buy or sell any good or product. Trading cryptocurrency is complex and comes with a high risk of losing money, particularly if you trade on leverage. You should carefully consider whether trading cryptocurrencies is right for you and take the time to learn how trading works and decide how much money you are prepared to lose.