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CEO Updates

Be The Change: Monty’s company update

Be The Change

In my last company update I wrote about the Vision of LCX and how we intend to build a new category leader in blockchain banking. 

Today’s company update is about connecting Vision to Action. June 7th, 2019 we relaunched our website and announced a major product update by launching LCX Terminal. Since then a lot of progress has been made. Since last week our whole team was focused on delivering results, following our roadmap to take our vision and turn it into actionable steps.

Here are some of the highlights:

  • We announced a major product update of LCX Terminal, taking the trading platform into public beta. We got overwhelmingly positive feedback for publishing our Vision Paper.

  • LCX Terminal is now connecting to 7 bitcoin exchange: Binance, Bittrex, Bitfinex, Kraken, Okex, Coinbase Pro, and Poloniex.

  • Publishing early details on our Token Economics was a first step to establish and grow our ecosystem around our utility token, the LCX Token. Users already took the opportunity to purchase LCX tokens through “My Accounts” or to earn tokens via our incentive models.

  • LCX was invited to attend the World Economic Forum in China (details below) and the Global Family Office Investment Summit in Monaco. Further, I held a keynote at Ligital, a digital technology conference in Liechtenstein.

  • Newsweek published a special country report about Liechtenstein which also featured a full-page interview about LCX.

  • Cointelegraph published an expert interview on our views on Facebook Libra and why it is relevant for the blockchain industry.

Expanding our partner network and thought leadership

MontyEarly July I was honored to attend the Annual Meeting Of The New Champions 2019 by the World Economic Forum aka. “Summer Davos” held at Dalian, China.

A key topic for LCX at the World Economic Forum AMNC 2019 was Leadership 4.0: Succeeding in the age of Blockchain Technology and I was able to engage at panel discussions and several closed-door gatherings.

It is important for LCX to attend leadership events, like the World Economic Forumnot only to expand our network but also to learn, shape and collaborate.

Learn: We want to understand the barriers for institutional investors to invest in crypto assets. We want to reflect on the burning questions of governments, policymakers and corporate leaders around blockchain technology and cryptocurrencies. 

Shape: We want to closely engage to open up to innovative thinking, overcome challenges to take the blockchain industry from niche to global adoption. 

Collaborate: We want to work with governments, banks, central banks, investment houses, and other international financial institutions on pilot projects and innovative initiatives as proof of concepts.

See my short video from WEF “Summer Davos” 2019

Taking our vision and turning it into results involves tremendous efforts, learning from our early customers and building professional customer care, hiring the best people in the market, developing our proprietary technology based on our strategy, getting buy-in at all levels of our organization and our partners, utilize our international advisory network, continuously engaging with our investors and proteges, etc. Although we have achieved a lot in a short period of time, we are still at the beginning of our journey and there is lots of work ahead of us. 

We’ll keep you updated,

Written by Monty C. M. Metzger, 
CEO and Executive Chairman at LCX AG

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.

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