Dear LCX community,
On May 10th, 2023, 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”.
Monty Metzger, CEO
Founded 5 years ago in 2018, LCX has grown from a small team of blockchain and crypto enthusiasts to a global company.
Community Host
Huge??
Monty Metzger, CEO
We’re looking forward to charting new territories in the blockchain and crypto space.
Our future plans are built around three key pillars:
Innovation: We are committed to continuously innovating and upgrading our technology to offer cutting-edge solutions and services. We will continue to embrace emerging trends and technologies, like DeFi and NFTs, to ensure LCX stays at the forefront of the industry.
Partnerships: Building strong partnerships is central to our growth strategy. We will work closely with other industry leaders, regulators, and blockchain projects to create synergies and add value to the crypto ecosystem.
Community Engagement: Our community is our strength, and we aim to foster a more engaged and vibrant LCX community. We plan to roll out more interactive programs and platforms for our users, with the goal of not just educating them, but also hearing their ideas and feedback.
We truly believe that with these strategic plans in place, coupled with the dedication of our team and the continued support from our community, LCX will continue to grow and make a significant impact on the blockchain and crypto industry.
Community Host
Next question:
“When is the long awaited on-ramp update coming to LCX?”
Community Host
Very huge??
Monty Metzger, CEO
But let me give you some more insights.
It’s clear that LCX has a well-defined vision for the next five years. Embracing the company culture of Integrity, Excellence, and Unity, LCX is perfectly poised to leverage its years of experience as a regulated entity, especially as MiCa regulations come into full effect. This strategic advantage will indeed be instrumental in establishing LCX as the leading crypto exchange in Europe with a significant international presence. I often call this an unfair advantage, which slowed us down at the start but will help establish a complete category of exchange – a next generation crypto exchange.
Community Host
Great!
Monty Metzger, CEO
Besides LCX Exchange we will grow the expansion of LCX’s ecosystem. The ecosystem includes innovative products like Tiamonds, tokenized diamonds. The upcoming Re-Launch is truly exciting not only for asset backed NFTs but also for our community token TIA. It reflects LCX’s commitment to continually pushing boundaries in the blockchain and crypto space. The anticipation for the revolutionary DeFi products is also high, and we can’t wait to hear more about them in the coming weeks.
Monty Metzger, CEO
But let’s kick off this with some huge news.
Something we had been working on for so long. I assume it must have been over 12 months now.
Monty Metzger, CEO
Good things take some time.
Community Host
Definitely yes??
Community Host
@montymetzger this is the second question from @Gin_LCX ?
Monty Metzger, CEO
Super excited to drop this bombshell – we’re launching Credit Card support! That’s right, you can now top up your LCX Exchange wallets instantly with VISA and MasterCard.
Community Host
Nice?
Community Host
This is veeeeeery huuuugeee for $LCX community ?????????
Monty Metzger, CEO
This major step forward enables all users to conveniently and promptly deposit funds into their LCX Exchange wallets. Furthermore, those interested in participating in token sales can use their credit cards for immediate account top-ups, thus facilitating seamless participation in our compliant Initial Coin Offerings (ICOs), exclusively launched on LCX.
Monty Metzger, CEO
A sneak peak of what this looks like.
Community Host
Indeed, it’s a major step and a big move??
Community Host
Who will be first? ???
Monty Metzger, CEO
The credit card functionality is enabled on a few accounts, and we are rolling it out in the next couple of days to more and more accounts.
Community Host
$LCX community can’t wait any longer ?
Monty Metzger, CEO
The integration of credit card support and the ability to top up your LCX account with VISA and MasterCard significantly broadens our service offering.
We’re offering this credit and debit card on-ramp feature to 125 additional countries. This means that users from these countries can now make fiat deposits – settled in EUR – and begin trading digital assets instantly using their credit or debit cards. We are supporting credit cards with almost every currency, such as USD, GPB, EUR, TRY, etc. But the transaction is settled in EUR on LCX accounts.
This development allows us to provide an even more comprehensive version of the LCX platform to almost all of our customers globally. Now, our users will have an even more seamless and efficient trading experience, with faster and easier access to digital assets.
Monty Metzger, CEO
We’re continually working to make our platform more accessible and user-friendly, and this is a significant step in that direction. Thank you for your continued support as we work towards making LCX the preferred platform for digital asset trading worldwide.
Community Host
Wow, 125 countries? This is huge???
Community Host
Thanks a lot for this great update.
Community Host
The future of blockchain seems to be pivoting toward tokenization and there have been a lot of talks about it.
In line with the aforementioned, there’s a question from the community related to tokenization.
Community Host
Tell us some more about your vision for tokenization and how the $lcx token will benefit from this wave of asset tokenization. Which assets are you allowed/licensed to tokenize?
Community Host
@montymetzger here is our next question?
Community Host
What adjustments does LCX need to make to be MiCa regulated, if any?
Monty Metzger, CEO
That’s the unfair advantage of LCX I am talking about. LCX has now 3 years of experience being a regulated and compliant platform.
Monty Metzger, CEO
As a regulated entity for years, we’ve been operating in compliance with existing financial regulations, making us well-positioned to adapt to the new MiCa regulatory framework.
Monty Metzger, CEO
The EU has embraced a holistic legislative approach to bolster innovation and safeguard investors in crypto markets, while the US is still grappling with finding a consensus on how to navigate this sector.
Monty Metzger, CEO
Oliver Wyman has just published a good summary about MiCa and the future of crypto regulation. https://www.oliverwymanforum.com/future-of-money/2023/apr/europe-sets-the-pace-on-digital-asset-regulation.html
Monty Metzger, CEO
The European Union became the first major jurisdiction to pass comprehensive cryptoassets legislation on April 20, 2023, when the European Parliament (EP) overwhelmingly approved the Markets in Crypto-assets, or MiCA, regulation.
Monty Metzger, CEO
We are in close contact with regulators. Liechtenstein is already preparing to launch and enforce MiCa legal framework. It is expected in 2024.
Community Host
Awesome, this is just the beginning ?
Monty Metzger, CEO
In this report I am quoted as well.
“Regulation by enforcement like in the US is not a solution,” Decrypt quoted Monty Metzger, CEO of Liechtenstein-based exchange LCX, as saying. “We need rules and guidelines to let technology innovation happen.”
Community Host
Huge, that’s great for the $LCX community ???
Monty Metzger, CEO
Also Decrypt wrote about LCX and our advantage as a regulated platform.
Monty Metzger, CEO
https://decrypt.co/137339/european-parliament-approves-mica-law
Community Host
Thanks for the update, quite interesting?
Monty Metzger, CEO
Decrypt quoted and mentioned only 4 exchanges. Binance, Coinbase, Kraken and LCX.
Community Host
Great?
Monty Metzger, CEO
So we spoke about Product Update with the big news of Credit Card Integration.
Now let’s shift to Community Growth
Community Host
Interesting ??
Community Host
“The zealy competition was amazing, when will you be announcing the winners and will we be seeing more events like this?”
Monty Metzger, CEO
Community engagement and growth are important for us. We did launch 2 new initiatives.
First, we introduced a waitlist feature for upcoming token sales with the first waitlists having more than 200’000 people signed up in the first days.
Second, we introduced our LCX Gemhunter community where we share special rewards and give early access to upcoming Token Sales at LCX Launchpad.
Monty Metzger, CEO
Today we want to share an update on the LCX Gemhunter community.
Community Host
Awesome ??
Monty Metzger, CEO
You can all join and engage as well. You can find the LCX Gemhunter community at https://zealy.io/c/lcx/
Monty Metzger, CEO
We are running several sprints in the coming weeks, and we also concluded the first gemhunter sprints.
Monty Metzger, CEO
You have to imagine, this all happened in just over a week.
Monty Metzger, CEO
1,300+ New community members
10,000+ Quests completed
Monty Metzger, CEO
We will be holding 1-2 sprints every month to reward “community efforts”
Community Host
Huge?
Monty Metzger, CEO
Here are our first LCX Gemhunter Comunity sprint winners
Monty Metzger, CEO
The top 10 participants will receive attractive rewards, which are as follows:
– A total of 10,000 LCX tokens will be distributed among the top 10 users, with each winner receiving 1,000 LCX tokens. This will not only serve as an incentive for active participation but also help in building a loyal and committed community.
– Apart from the LCX tokens, winners will also be awarded a special Discord role called “LCX Trailblazer” for the Genesis Sprint at Zealy. This unique role will distinguish them from other members in the community and serve as a badge of honor, acknowledging their efforts and contributions during the sprint.
Monty Metzger, CEO
The discord role was the thing people were most excited about. The role “LCX Trailblazer” is for individuals who have demonstrated exceptional leadership within the community and have paved the way for others.
Monty Metzger, CEO
And to give back to our community, I decided to honour our LCX community here on Telegram as well. We opened up a competition to create an animation, gif or video about LCX.
Community Host
Awesome ?
Monty Metzger, CEO
The top 4 winners will be rewarded with 10,000 LCX.
?Winner will get 4000 LCX Tokens
2nd, 3rd & 4th Winner will get 2000 LCX each
Monty Metzger, CEO
The 4th place goes to …
Monty Metzger, CEO
a special meme themed creative work
Monty Metzger, CEO
Congrats to Dambu46949015.
Monty Metzger, CEO
The 3rd place goes to KeatingCaptain. ?
Community Host
Splendid ??
Monty Metzger, CEO
The 2nd place goes to akavillix. ??
Monty Metzger, CEO
And the winner is ….
Monty Metzger, CEO
The 1st place goes to I_sight_crypto.
Monty Metzger, CEO
Congratulations !!!
Monty Metzger, CEO
Great to see this creative and engaged community.
Community Host
Very deserving ???
Monty Metzger, CEO
I want to take a few more minutes today to summarize the key highlights of the last 30 days.
Monty Metzger, CEO
Right after last months AMA we launched LCX Earn https://www.LCX.com/earn/
Community Host
Great✍
Monty Metzger, CEO
We also launched LCX Earn on LCX Mobile a few days after this, which enabled us to invest in LCX Earn directly on the mobile app.
Monty Metzger, CEO
LCX Earn is a groundbreaking offering that offers you a fixed yield on your Bitcoin, Ethereum, LCX Token and EUR. Our offering is based on an approved security prospectus, ensuring a transparent and secure investment process.
Monty Metzger, CEO
User get 7% fixed yield per anno
Monty Metzger, CEO
This offering is available to retail investors in 30 European countries.
Monty Metzger, CEO
Monty Metzger, CEO
btw, it’s a few month ago… but still worth watching if you have not seen it https://youtu.be/D76kuxwpGys
Community Host
Lcx > xrp
Community Host
Going to be huge?
Monty Metzger, CEO
We also updated LCX Mobile!
Monty Metzger, CEO
https://apps.apple.com/ch/app/lcx-regulated-crypto-exchange/id1604594068?platform=iphone
Monty Metzger, CEO
JOIN EUROPE’S LEADING REGULATED CRYPTO PLATFORM.
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European Crypto Powerhouse – Securely in Your Pocket.
- Open your account in 3 minutes.
- Trade and manage your cryptocurrency portfolio.
- Get access to exclusive new digital assets.
- Trade coins and tokens which are exclusively at LCX Exchange
- Earn 7% p.a. interest on your crypto with LCX Earn
- Transfer money, Deposit in Euro SEPA Instant
- Regulated, Secure, Headquartered in Liechtenstein, next to Switzerland in Europe
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CRYPTOCURRENCY EXCHANGE – EXCLUSIVE LISTINGS – EARN CRYPTO
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Buy, Sell and Hold Bitcoin, ETH and Many Other Cryptocurrencies – Made Easy for Everyone. LCX is the easy, safe and secure way to buy and sell bitcoin and other cryptocurrencies. LCX Mobile app for iOS and iPhone users for trading, holding, investing in the latest crypto gems and altcoins and managing your account.
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EASY CRYPTO TRADING
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- Quickly and securely buy and sell a wide range of cryptocurrencies.
- Deposit funds effortlessly and start trading in no time.
- Choose from an extensive selection of digital assets to enhance your trading experience.
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LCX EARN
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- Quickly and securely buy and sell a wide range of cryptocurrencies.
- LCX Earn Offers 7% Fixed Yield on Tokenized Bonds for Crypto Investors
- Invest in Euro, Bitcoin, Ethereum, or LCX Token and earn a 7% fixed yield.
- Available to verified retail users in 30 European countries.
- Based on an approved security prospectus, endorsed by the regulatory authorities and passported across the European Economic Area (EEA).
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COMPLIANT INITIAL COIN OFFERINGS
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Participate in Token Sales and Get access to new digital assets before they appear on other exchanges. Find the next altcoin and crypto gem before it goes mainstream. Some projects we launch are offering additional rewards, airdrops, and early access to their ICO.
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ULTIMATE SECURITY
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LCX is a regulated financial institution in Liechtenstein, and our registration number is Nr. 288159. This regulatory authorization allows us to operate as an a cryptocurrency exchange (Exchange Service Provider), open accounts with KYC (Identity Service Provider), custody, collect and store customer funds (Token Depositary and Key Depositary), and provide other cryptocurrency services for our customers (Token Generator, Token Issuer, Price Service Provider, Physical Validator).
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MANY COINS, TOKENS AND CRYPTOCURRENCIES AVAILABLE
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We have one of the largest selections of assets to buy and sell, including:
Cardano (ADA), Amp (AMP), ApeCoin (APE), Atari Token (ATRI), Avalanche (AVAX), Basic Attention Token (BAT), Bitcoin Cash (BCH), Bitcoin (BTC), Celo (CELO), Constellation (DAG), DigiByte (DGB), DigiCorp Labs Metaverse (DGMV), Dogecoin (DOGE), Polkadot (DOT), Enjin Coin (ENJ), Ethereum (ETH), Ethereum Wrapped (ETHW), Euro (EUR), Floki Inu (FLOKI), Hedera Hashgraph (HBAR), Holo (HOT), LCX Token (LCX), Galileo (LEOX), Chainlink (LINK), Litecoin (LTC), Decentraland (MANA), Polygon (MATIC), Maker (MKR), NFT Maker (NMKR), Origin Protocol (OGN), Optimism (OP), Quant (QNT), REVV Motorsports (REVV), The Sandbox (SAND), Tangent (TANG), Tiamonds (TIA), Uniswap (UNI), USD Coin (USDC), Envision Token (VIS) and many more.
Monty Metzger, CEO
And last but not least we are growing and tapping into new communities.
Monty Metzger, CEO
LCX has selected the most outstanding upcoming new crypto project to be launched at LCX
Community Host
Huge ?
Monty Metzger, CEO
The first announcement we made in the last few weeks was. Super Snappy.
Monty Metzger, CEO
https://twitter.com/lcx/status/1650384586302713857
Monty Metzger, CEO
Super Snappy is a web3 social gaming platform
Monty Metzger, CEO
https://www.lcx.com/super-snappy-chooses-lcx-for-supr-compliant-token-sale/
Monty Metzger, CEO
We are delighted to inform you that LCX will conduct the $SUPR Token Sale through our compliant token sale platform. SuperSnappy.io is the world’s first frictionless Web3 Social Gaming Platform that will host 100+ multiplayer games to play with friends. The leading instant gaming platform in the Web3 ecosystem. The sale will take place on the LCX platform, offering a seamless and secure way for investors to buy $SUPR tokens.
Monty Metzger, CEO
After that we announced another groundbreaking blockchain project to be launched at LCX
Monty Metzger, CEO
GAUSS
Monty Metzger, CEO
The Gauss ecosystem is a curated, layer-1 blockchain ready to change the global perception of blockchain technology.
Monty Metzger, CEO
LCX will be conducting the $GANG Token Sale on the LCX platform in a fully compliant manner with relevant regulations pertaining to token sales. The sale will take place on the LCX platform, offering a seamless and secure way for investors to buy the native token of the Gauss ecosystem, $GANG.
Monty Metzger, CEO
https://www.lcx.com/gauss-chooses-lcx-for-gang-compliant-token-sale/
Community Host
Thanks for your time.
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.
