Dear LCX community,
On October 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”.
Community Host
Let’s welcome @montymetzger to this month’s AMA👋
Monty Metzger, CEO
Welcome LCX Community. My name is Monty Metzger, I am CEO & Founder of LCX.
I’m excited to be here today for this AMA session to answer any questions you might have about LCX, the future of tokenization, our crypto exchange, token sales, or anything else you’d like to discuss.
Community Host
Great, this is yet another AMA and thrilled to have you here👋
Monty Metzger, CEO
Hoi, Grüezi and Welcome LCX community. Excited to start this month’s AMA.
Community Host
Are we ready? Let’s get started guys 👋🔥🔥
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 ensure their readability. 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
Welcome, Monty 👏
Community Host
Could you please give us an insight into the latest happenings around LCX? The community is eager to hear from you, and many are willing to interact with you.
Monty Metzger, CEO
The last 4 weeks were focused on building! We have been rolling out important product updates.
Monty Metzger, CEO
Let me share the key highlights!
Community Host
Awesome🚀. Great, the community would be more than happy to hear from you😇
Monty Metzger, CEO
LCX Mobile: Both apps for iOS and Android continue to see regular updates.
Major upgrade with awesome new features, an enhanced user experience, and a better UI. LCX is tirelessly working towards innovating and rolling out new product updates to enhance our user experience and deliver more value to our community. A prime exemplar of this ongoing effort is the recent upgrade of LCX Mobile. Here’s a breakdown of what’s new:
Streamlined KYC Process: We’ve re-engineered the Know Your Customer (KYC) process to be more intuitive and faster, making it easier for users to get started.
Minimized Pop-Ups: We’ve significantly reduced pop-up interruptions to provide a smoother user interface, enhancing the overall user experience.
Enhanced User Experience: The update brings about an improved, hassle-free user experience with a cleaner design and streamlined navigation.
Reports Download Feature: Trade Reports: Users now have the ability to download their trade reports directly from the app. Wallet Reports: Similarly, downloading main wallet reports has been made effortless. Customization Options: Users can customize their report by selecting different tokens and durations according to their needs.
In-App Updates: We’ve incorporated a feature for in-app updates to ensure users always have the latest version with all the new features and bug fixes.
Bug Fixes: Numerous bug fixes have been rolled out to improve the functionality and reliability of LCX Mobile.
Improved UI: We’ve refined the User Interface (UI) to be more intuitive, making it easier and more enjoyable for users to interact with the app.
Community Host
Great, this is huge for LCX community 🔥
Monty Metzger, CEO
LCX also launched the BASE network, the Blockchain by Coinbase. LCX was the first centralized exchange (CEX) to launch BASE support besides Coinbase itself.
This is another worldwide first for LCX. Setting new standards for the industry!
Community Host
Indeed, the community was so excited about the development🔥
Monty Metzger, CEO
LCX’s dedicated tech team diligently worked round the clock, successfully upgrading LCX Mobile and launching the BASE Network, an Ethereum Layer 2 blockchain developed by Coinbase.
This integration, marking a pivotal stride in LCX’s journey, significantly bolsters the LCX Exchange’s scalability and efficiency, facilitating a higher transaction volume and swift executions with reduced gas fees without compromising on security or decentralization. The BASE Network not only speeds up transactions but also makes trading on LCX more cost-effective, embodying LCX’s unwavering commitment to offering a secure, user-friendly crypto trading experience.
The newly added support for ETH deposits and withdrawals on the BASE Network further enriches the LCX platform, promising a seamless trading journey and heralding more innovative solutions in the pipeline as LCX continues to redefine the financial landscape.
Community Host
Huge🔥
Monty Metzger, CEO
And we launched another major blockchain
Community Host
And I believe more is in the pipeline 👏
Monty Metzger, CEO
LCX launched full support for the native Optimism blockchain. Optimism, a premier Layer 2 scaling solution, further enriches our ecosystem. This monumental integration aligns seamlessly with our endeavor to furnish users with a thorough and intuitive crypto interface. Leveraging Optimism’s extension to Ethereum, we’re melding robust security with cost-effectiveness and expediency.
This alliance notably augments Ethereum compatibility on LCX, elevates transaction speeds, and instills a stable and reliable blockchain backbone for our platform. As a result, our users will revel in reduced confirmation durations for trades, deposits, and withdrawals, making trading more swift and efficient. Furthermore, the developer-centric environment of the Optimism Network cultivates innovation, inviting Ethereum developers to construct and roll out decentralized applications on LCX.
Now, with the support for ETH transactions on the Optimism Network, we’re not just extending our asset offerings but opening the gates for Optimism projects to enlist on LCX, launch initial token sales in a regulated framework, and exploit LCX’s capacity as a registered Physical Validator for tokenized assets.
Monty Metzger, CEO
here is a nice video
https://twitter.com/lcx/status/1704894272397578704
Community Host
Awesome development 🦾
Monty Metzger, CEO
We also launched a long-awaited feature
Monty Metzger, CEO
https://twitter.com/lcx/status/1704535023871807906
Monty Metzger, CEO
We’ve made it straightforward for you to download your transaction and trade reports on the LCX Exchange.
Tax Compliance: Trading cryptocurrencies may have tax implications. Now, with easily downloadable reports, you can track your financial activity, making tax filing a breeze.
Auditing: For businesses and organizations engaged in crypto trading, our new feature simplifies the auditing process. Just download your reports and hand them over to your auditor.
Fraud Detection: Spotting discrepancies is crucial for security. Regular review of your downloaded reports can help identify and report any unusual activity swiftly.
Backup: It’s wise to keep a backup of your financial dealings. Should anything unexpected happen with the exchange, rest assured knowing you have all your trade records at your fingertips.
This update is all about making the LCX Exchange more user-friendly and ensuring that you have the resources you need, right when you need them.
Community Host
Awesome highlights and updates🔥🔥
Community Host
A lot has been said about marketing and we could see that you’ve attended some events with some of the team members in recent times. Could you please share some your experience?
Monty Metzger, CEO
Our team recently attended the Token2049 conference in Singapore, the biggest and most relevant crypto conference in Asia.
Community Host
Wow, that’s huge 🔥
Monty Metzger, CEO
We had meaningful discussions and key meetings with partners, blockchain projects, and large VIP clients. All leading to promising opportunities for LCX in the near future.
Monty Metzger, CEO
The interactions at Token2049 were fruitful, and we are eager to share the upcoming developments and partnerships stemming from these discussions, which we believe will significantly contribute to LCX’s growth and innovation.
Community Host
Interesting feedback 🔥
Monty Metzger, CEO
https://twitter.com/montymetzger/status/1701564166203457866
Community Host
👏👏
Monty Metzger, CEO
LCX is home in the Crypto Valley and therefore we did support the local conferences as well.
Community Host
Awesome, we can’t wait to hear all the feedback 🔥🔥
Monty Metzger, CEO
LCX was big at the CV Summit in Zug, Switzerland, in the heart of the Crypto Valley. CV Summit is a premier event for the crypto scene in Switzerland designed to facilitate high-level discourse and showcase the Swiss blockchain ecosystem as one of the world’s leading blockchain innovation and investment landscapes.
LCX had a large booth, right next to Kraken and ICP. Our team was meeting with Liquidity Providers, Market Makers, and new token projects that are looking to raise funds. We met partners and journalists. LCX was Gold sponsor of CV Summit 2023. We also hosted an after party, and networking event and invited the Crypto Valley community for some food, drinks, and music.
Community Host
Good development🔥
Monty Metzger, CEO
This was fun. We met so many old and new friends, partners and innovators. We will do this again soon
Community Host
Great🔥🔥
Community Host
👏
Monty Metzger, CEO
Talking about events. We again hosted a closed session and Masterclass “How to raise millions in a token sale – the legal way”. This webinar was hosted by me with the support of Mr. Bergt, a lawyer and expert in the field of blockchain laws in Liechtenstein.
We talked about how to do an ICO in current times and how to prepare legally and technically. Almost 100 participants from all over the world attended
Community Host
That’s huge, good job🔥
Monty Metzger, CEO
Many new leads for our LCX Launchpad.
Monty Metzger, CEO
If you are interested, feel free to reach out. LCX Launchpad is the only platform worldwide that provides a legal and technical solution to do a token sale. We protect token projects as LCX becomes the Token Issuer on behalf of the blockchain project and registers the coin offering at the regulator, we prepare and publish all necessary legal documents, manage all KYC and distribution of the token, all without any upfront costs! huge in current market conditions
Community Host
Onwards and upwards 🔥
Monty Metzger, CEO
But we are very selective and decline most projects – only selecting the best and most promising for our community
Community Host
That’s the way👏
Monty Metzger, CEO
As we are talking about events @king_LCX , there is more.
Community Host
Interesting 😇
Monty Metzger, CEO
LCX will be present Nov 2-4 at the Global Cardano Summit in Dubai. We have been one of the key partners of Cardano since a long time, and we will also be very active at their developer conference.
Community Host
This is going to be very huge🔥🔥
Community Host
Any opportunities for our esteemed community members to be there?
Monty Metzger, CEO
We expect thousands of participants. I will be on stage as a speaker while also hosting a special masterclass for native Cardano projects. And we will have a very special highlight as a showcase only for the participants.
Monty Metzger, CEO
You should join as well!
Monty Metzger, CEO
Here are all the details https://summit.cardano.org/
Community Host
Awesome🔥
Monty Metzger, CEO
https://twitter.com/Cardano_CF/status/1710278745469206891
Community Host
Thanks for sharing with the community👏
Community Host
Let’s get set with live questions guys👏
Monty Metzger, CEO
And btw, LCX token got listed on 2 new centralized exchanges.
HEXN https://x.com/hexn_io/status/1707795204000940328?s=20
Blunded
https://x.com/getblunded/status/1709154017174044807?s=46&t=anb6zpuSQNDXGhMgHQQJDA
Community Host
Awesome, we will open the chat to entertain some live questions from the community members 👏
Monty Metzger, CEO
Yes – I want to get all your questions.
Monty Metzger, CEO
Btw, MasterDEX airdrop in 18 min.
Monty Metzger, CEO
https://finance.yahoo.com/news/masterdex-announces-inaugural-mdex-token-211000932.html
Community Host
Before then, so many talks have been centered around MasterDex. Could you please give the community a broad breakdown in light of the Dex and airdrop reward packages?
Monty Metzger, CEO
The first loyalty package is dedicated to our loyal LCX community!
Monty Metzger, CEO
You might have seen the news here.
Monty Metzger, CEO
https://www.youtube.com/shorts/LsRmuZDZ8ho
or here
https://www.youtube.com/watch?v=kav-UIL22DE
Monty Metzger, CEO
But @king_LCX this AMA is about LCX. So I recommend to join our dedicated MasterDEX community here https://t.me/masterdex_xyz
Community Host
👏👏
Community Host
We will open the chat now. Are you ready?
Community
According to the prospectus, interest payments take place at the end of each quarter. It seems that you have changed this rule and that interest payments are only made when the bond is cancelled. Is that correct?
Monty Metzger, CEO
No – we stick to the rules as described.
Community
Are you planning to expand to the derivatives segment? Tokenizations?
Monty Metzger, CEO
Tokenization is important. I was just on a panel at CV Summit talking about it. https://www.youtube.com/live/zUlSErNvueQ?si=U9G_xry1DkHHQCso&t=14088
Community
Monty, what are your thoughts on the Israel-Hamas war and how it will affect crypto?
Monty Metzger, CEO
We are helping and supporting. As you might know we have team members in Tel Aviv and also many long time partners in Israel.
Community
What about tokenized military weapons? Billion dollar industry to capitalize on
Monty Metzger, CEO
not for us
Community
In the spring ama of 2023 someone asked if LCX will reach billion dollar market cap By end of year 2023. Your response was “you need to think way bigger😂”. Thoughts?
Monty Metzger, CEO
Nobody thought the economy would crash in 2023. We are in the middle of the largest economic crisis since many decades, 2 big wars, inflations and fight of global currency markets. The whole market has gone down. 2024 looks promising and we hope to see new highs of Bitcoin. LCX preparing for the next growth phase
Community
It’s a pleasure for me to see the CEO so active!
Monty Metzger, CEO
Every month. always on the 10th!
@king_LCX thanks for hosting this AMA again.
Exciting AMA. LCX is pushing the limits and keep delivering as a credible and reliable leader in the blockchain industry.
Thanks for joining everybody.
Onwards and Upwards.
Community Host
Thank y’all for your time.
The AMA has come to an end.
Thank you once again!
Onwards and upwards @montymetzger and hope to see you next month with more highlights 👏
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.
