Dear LCX community,
On April 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
@montymetzger LCX CEO, the community is eager to meet you once again?
Monty Metzger, CEO
Hello $LCX community!
Thrilled to give you a full update about LCX.com, our progress and also answer many of your questions
Community Host
Oh great, we are happy to have you here once again and to give us an insight to what is trending with LCX.
Monty Metzger, CEO
The team collected many community questions in the past few days. We will start with these questions and then open up.
Community Host
We can’t wait ??
Community Host
Lets go LCX COMMUNITY ??
Community Host
Let’s go guys!
Community Host
How does LCX hope to capitalize on the recent movements in the Europe Crypto Space over the past couple of days? Cheeky question – Any plans to unveil the widely speculated secret advisor?
Community Host
The very first question from the community.
Monty Metzger, CEO
For all $LCX newbies here. I recommend watching this short video about LCX.
https://www.youtube.com/watch?v=I5zHVa7JMx4
Monty Metzger, CEO
The recent discussions and votings in European Parliament around Crypto are showing the sentiment of policy makers globally
Monty Metzger, CEO
They all understand how powerful digital money can be, how powerful smart contracts and blockchain can be for any industry and how powerful an investor community can be around new tokens.
Monty Metzger, CEO
But their recent moves also show that the “wild west” of crypto is likely to end faster than many other players are expecting.
Monty Metzger, CEO
This is a fundamental shift for the crypto industry as regulation will be much stricter and compliance will be a key competitive advantage.
Community Host
Interesting to hear?
Community Host
Awesome!
Monty Metzger, CEO
An advantage LCX already has. We are ready for the future of compliant crypto markets.
Community Host
That’s very bullish for us ?
Community Host
[In reply to Monty Metzger]
This is what our community loves to hear ?
Monty Metzger, CEO
And this fundamental shift will lead to many company closures (who cannot comply with the laws). It will lead to a high barrier to entry in the market for new startups and it will also lead to new heros.
Monty Metzger, CEO
And new market leaders
Community Host
Great?
Monty Metzger, CEO
LCX is already a category leader on many levels. And our $LCX community is ready to spread the news.
Community Host
Very ready ?
Monty Metzger, CEO
LCX gained 8 regulatory approvals in Liechtenstein.
Community Host
We just getting started ?
Community Host
Indeed
Monty Metzger, CEO
And our custom built Crypto Compliance Suite is ready for this future where policy makers will come up with new rules. We have implemented the Travel Rule in 2021 already. And all our users know our Crypto Compliance Suite during their smooth and fast on-boarding process when signing up.
Monty Metzger, CEO
Since the launch of our platform 3 years ago, this has improved so much. We are listening to our users and community and constantly improving.
Community Host
Great Infos Monty
Community Host
Thanks for the insight.
Community Host
Let’s ask the next one ! ?
Community Host
Are you actively looking to get FCA approval in the UK?
(theoretically speaking) how could $LCX go about offering the uk royal mint there services to release their NFT?
Monty Metzger, CEO
The FCA is the regulator in the UK and is responsible for companies registered in the UK.
LCX AG, the company behind LCX.com, is headquartered in Liechtenstein and operating under the Liechtenstein blockchain act and due diligence laws.
Monty Metzger, CEO
At our platform the users sign up to our platform and terms in Liechtenstein. And we have many users from the United Kingdom as well.
Monty Metzger, CEO
Thus there is no need for us to open a seperate company in the UK for us at the moment.
Monty Metzger, CEO
Lovely!
Monty Metzger, CEO
But in general I do welcome the regulatory process and policies set up in the UK. This shows the importance of our industry.
Monty Metzger, CEO
It shows the importance of crypto. ?
Community Host
Okay Monty thanks for this Infos ! Very important to the community ?
Community Host
Indeed yes and this will take us to the next question.
Community Host
Any crypto project that’s sleeping is ded?
Here’s another question from the community ?
Quarter of the tiger year has passed, so far not much development. How are you going to withstand competition, top exchanges not sleeping?
Monty Metzger, CEO
LCX really stands out due to our long-term investment in compliance. We invested 2 years and many million $ to get 8 registrations in Liechtenstein. That’s more than any other company in the country.
Monty Metzger, CEO
The year of the tiger.
Monty Metzger, CEO
?
Community Host
That’s interesting.
Monty Metzger, CEO
2022 will be huge for LCX as a whole and we have already made big jumps. Many historic achievements.
Community Host
?
Monty Metzger, CEO
In the Q1 phase, LCX has added a valuable product in the NFT space – Tiamonds. The community loved it, appreciated it, and owned it.
LCX is in decisive mode regarding the expansion of the NFT Marketplace around Tiamonds and Tokenized Assets and will be taking votes from the community for the final call.
Monty Metzger, CEO
E.g. We announced the Tiamonds Celebrity Editions where we work with known celebrities to launch real-world diamonds as NFTs.
Community Host
Great development ?
Monty Metzger, CEO
We are currently in the development stage of the most awaited LCX iOS mobile app.
Monty Metzger, CEO
And a big revamp, redesign and update of backend infrastructure of LCX Exchange.
Monty Metzger, CEO
Tiamonds.com has successfully issued 100 real-word diamonds as NFTs.
Monty Metzger, CEO
As a result….
Monty Metzger, CEO
Tiamonds is the largest blockchain-powered marketplace for diamonds NFTs worldwide.
Community Host
Community members can’t wait for these developments.
Monty Metzger, CEO
Here is a great summary video about Tiamonds everyone should see and watch
Monty Metzger, CEO
And we are just getting started. I had calls with diamond experts from Dubai, Belgium and USA in the past weeks. They all see the potential…
Monty Metzger, CEO
Tiamonds NFTs are also issued in a compliant manner under the Liechtenstein regulations.
Community Host
That’s awesome Monty ?
Community Host
Lets go to the next Question !
Community Host
An very important one
Community Host
You told us the exchange update and the iOS app were 96% done and would be ready for Q2. When can we expect to see them? We’re all very excited.
Monty Metzger, CEO
We are true first mover with real-world diamonds as NFTs.
Monty Metzger, CEO
But the community also loves the fact that you earn 1 Million $TIA token by owning a Tiamonds NFT.
Monty Metzger, CEO
The claiming of TIA token is simple and can be done directly at tiamonds.com > you get 1 $TIA every minute over 1 million minutes.
Monty Metzger, CEO
This is like an on-going Airdrop…. or as we call it “Own to Earn” model
Community
I already earned over 100 TIA?
Monty Metzger, CEO
The final steps are important to deliver an outstanding product.
Community Host
That’s interesting ?
Community
That’s great
Monty Metzger, CEO
For LCX Mobile for iOS we plan to integrate our token sale functionality as well.
Monty Metzger, CEO
So people can join any token sale directly from their iPhone
Community Host
Wow, that’s awesome !
Monty Metzger, CEO
Congrats!
You can monitor the progress of $TIA on etherscan. Here is the smart contract address https://etherscan.io/token/0x824e35f7a75324f99300afac75ecf7354e17ea26
Monty Metzger, CEO
In every on-chain transaction a fee of 10% is taken. Then reflection, rebalancing and burn is happening.
5% of all TIA sent via every on-chain transaction is distributed to all other token holders. This is called reflection, as the balance is magically increasing.
Community Host
Lovely insight and let’s forge ahead with many questions boiling on exchange and regulations.
You just talked about iOS, let’s ask a question on this from the community as well.
Community Host
Do you plan the exchange update and iOS app before celebrity Tiamonds? It seems like that would make the most sense, so the update gets a lot of attention. Also, what are some of the celebrities involved?Would be cool to see some foundation upgrades before being extra
Monty Metzger, CEO
Let me show you an example. This user got 530 $TIA 44 days ago. Now his balance shows more than 534 $TIA.
Community Host
Awesome!
Monty Metzger, CEO
And transactions of $TIA will grow like an explosion ? as we launch more Tiamonds NFTs
Monty Metzger, CEO
iOS will launch before celebrity Tiamonds.
Community Host
Awesome, good news!
Community
Amazing !
Monty Metzger, CEO
For Tiamonds Celebrity Editions we are in discussions with some movie stars, tv stars, athletes, musician and influencers with large audiences – millions of new users
Monty Metzger, CEO
There are 3 key phases of market development.
The NFT market started with CryptoKitties many years ago.
In 2021 Bored Ape Yacht Club took NFTs mainstream.
In 2022 users will get more sophisticated and want to own the real thing…. such as real diamonds. Tiamonds is perfectly positioned for the next wave of NFT buzz.
Community
Thank you Monty nice Infos ??
Community Host
And to the next available question ?
Community Host
Hi Monty, what do you foresee will happen to the DEXs and the CEXs that are out of compliance once regulation is defined? Do you think this is how we achieve mass adoption?
We are also excited to see many crypto influencers talking about the LCX platform and $LCX token. This is a recent video published by CryptoLogicJohn
https://www.youtube.com/watch?v=umgENDlnpbc
But also Lark Davis twitter.com/TheCryptoLark has talked about LCX in the past.
Monty Metzger, CEO
It will be complicated for many players, including Uniswap.
Monty Metzger, CEO
I am using LCX Fire Salamander everyday at defi.LCX.com
Monty Metzger, CEO
It is our powerful DEX aggregator and easy to use.
Community Host
Guys, we have spent more than the required time in the first segment of this program.
Unfortunately, we can’t proceed to tolerate more questions because of time. We’ll open the channel for you to interact with the CEO.
Community Host
Are you ready?
Monty Metzger, CEO
Let’s go!
Community Host
The channel is now open guys?
Community
Will there be a NFT with Gold like Tiamonds?
Monty Metzger, CEO
Good option and on our list of potential next projects.
But first, let’s get many many more diamonds on our platform.
Community
Last time you said information was shared with other Exchanges for TIA and LCX listing. Any news?
Monty Metzger, CEO
Yes, we have signed an agreement with a top exchange last week. This includes the listing of $LCX at this new exchange.
Community
What tokenized asset could we see next on LCX nft marketplace?
Monty Metzger, CEO
I often say “Tokenize Everything”.
And LCX will take center stage for many assets to be tokenized. The diamonds market is a $600 billion market and a great start for us.
Community
I already earned over 100 TIA?
Monty Metzger, CEO
Congrats!
You can monitor the progress of $TIA on etherscan. Here is the smart contract address https://etherscan.io/token/0x824e35f7a75324f99300afac75ecf7354e17ea26
Community
Some whales are out there holding LCX… What incentive do they have to not dump on us? Staking soon maybe?
Monty Metzger, CEO
What excites me is the fact that $LCX is now owned by more than 10,000 token holders. 10,130 holders to be exact.
The majority of $LCX is owned by thousands of community members.
Community
Are you working with Mark Zuckerberg on Zuck Bucks or to tokenize items for the Metaverse?
Monty Metzger, CEO
We are in contact with META management. Typically they make their own mistakes. As they did with Libra and DIEM. Maybe this time things will be done differently.
Community
10,300 on chain holders (self custody) this doesn’t account for holders on exchanges to it is much more
Monty Metzger, CEO
So true. Thousands of new $LCX holders are out there at Coinbase and Liquid Exchange.
Community Host
We can’t wait to hear from you?
Monty Metzger, CEO
LCX is becoming the new market leader to discover and buy the next crypto gem.
What makes LCX so special is that LCX becomes the legal token issuer of the project. LCX is issuing the new token on behalf of the project, registering the token at the regulator and publishing all necessary legal documents. We are liable and fully responsible for the issuance and sale of these new tokens. The project team can focus on delivering the product and is protected and safe against any legal issues.
Monty Metzger, CEO
The $DGMV token sale was the first token sale we exclusively conducted at LCX.
Monty Metzger, CEO
https://www.lcx.com/dgmv-token-sale/
Monty Metzger, CEO
$DGMV has a fully diluted market cap of almost $200 Million USD. And it had been launched at LCX. I am humbled and proud when I see how the project is developing now.
Monty Metzger, CEO
Then we launched the $VIS token which is still on-going. Envision Stock is the Getty Images of Crypto and has also launched their token exclusive at LCX.
Monty Metzger, CEO
So thousands of new users have signed up to join these token sales and be part of the early investors.
Monty Metzger, CEO
Today I want to give you an update on NFT Maker, an exciting new project built on Cardano.
Monty Metzger, CEO
NFT Maker was launched 1 year ago and has a strong community.
Monty Metzger, CEO
NMKR token sale has started with phase 1. Phase 1 is the private sale where the project is inviting strategic investors to participate.
Monty Metzger, CEO
The private sale is also conducted at LCX. The investors get a secret link and have to enter an access code to be part of the private sale.
Monty Metzger, CEO
Awesome! ?
Monty Metzger, CEO
And on April 18th the NMKR public sale will start at LCX ! ?
Monty Metzger, CEO
NMKR token is the first Cardano based token launched with a private and public token sale. NMKR is the first Cardano based token with a working product which is growing super fast.
Monty Metzger, CEO
Here are some facts & figures of the private sale of NMKR
Community host
Nice!
Monty Metzger, CEO
$1M USD worth of $NMKR sold within the first 10 minutes after launch of private token sale.
Monty Metzger, CEO
This was exciting to see!
Community
Thanks for taking the time to answer community questions.
Monty Metzger, CEO
Happy to do that. At LCX we work for you – you are our $LCX family.
Community
Now we have a secret advisor and Zuckerberg? ? meta ?
Monty Metzger, CEO
? In 2007 we had to pay harvard students to send us screenshots of this hyped “The Facebook” and published research papers about it.
In 2011 Mark Zuckerberg announced 750 Million users on the platform. https://twitter.com/Olivier_Asia/status/88679350135824384
Monty Metzger, CEO
During that time nobody could imagine that facebook will reach billions of users.
Same as crypto and LCX now. The future is bright and promising.
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.
