LCX Monthly AMA Recap — LCX Telegram Community with Monty, CEO & Founder of LCX.com

Dear LCX community,

On July 11th, 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

Welcome $LCX community – thanks for joining and inviting all your friends!

Community Host

To save time, please briefly introduce what the team has achieved since the last time we hosted you here. The community wants to hear from you?

Monty Metzger, CEO

It has only been 4 weeks since the last AMA but so much has happened. It feels like 3 months or longer have passed. Crypto Speed…. always moving forward.

Community Host

Interesting!!!

Monty Metzger, CEO

Let’s first focus on the LCX Exchange. LCX has accomplished several notable milestones and initiatives. 

Community Host

Awesome?

Monty Metzger, CEO

LIQUIDITY is key for our future. Everyone is fighting for it. We take strategic steps to grow step by step. That’s why we launched the Multi-Level Fee.

Community Host

Good development??

Monty Metzger, CEO

Launched Multi-Level Fee: LCX introduced a groundbreaking multi-level fee structure, revolutionizing the way fees are calculated and charged on the platform. This innovative approach offers users a more flexible and cost-effective fee system based on their trading volume, enabling them to optimize their trading strategies while reducing costs.

Monty Metzger, CEO

Basically – the more you trade, the lower your fees will be. This is important for our large traders and professionals. But it is also important for new market-making companies and large funds that need better and more attractive trading fees.

Community Host

???

Monty Metzger, CEO

We are now ready to offer this. More Details here: https://www.lcx.com/multi-level-fee-trade-smarter-with-reduced-fees-using-lcx-tokens/

Monty Metzger, CEO

Next up is our TRADING OFFERING at LCX Exchange. We noticed that some pairs got very little traction and there was low demand, while others needed more offerings and more trading pairs.

Community Host

Onward upward ?

Monty Metzger, CEO

That’s why we delisted a few pairs, but also listed some new ones.

Monty Metzger, CEO

Various pairs were listed. These new pairs will expand the trading options available to users and enhance their overall trading experience. By continuously adding new token pairs, LCX aims to provide a diverse selection of assets for users to trade and invest in. The newly added pairs are:

Monty Metzger, CEO

REVV/USDC: https://exchange.lcx.com/trade/REVV_USDC

Monty Metzger, CEO

NMKR/USDC: https://exchange.lcx.com/trade/NMKR_USDC

NMKR has become the largest and leading project on Cardano. We are excited to offer another trading pair with NMKR / USDC

Monty Metzger, CEO

In addition to LCX Exchange, our Token Sale Launchpad has shown more demand.

Community Host

Good news ?

Monty Metzger, CEO

LCX conducted 2 Token Sales – $GANG and $SUPR: LCX successfully conducted token sales for two exciting projects, GANG and SUPR is still running. These token sales provide opportunities for users to participate in the early stages of these projects and potentially benefit from their future growth and success.

Monty Metzger, CEO

The Gauss Ecosystem is a Curated Layer 1 Blockchain designed to change the global perception of blockchain technology. Gauss recognizes the importance of blockchain as it exists today and its untapped potential and addresses three prevalent issues:

Pervasive Fraud

A Lack Of Widespread Token Adoption

Inauthentic Engagement Between Users And Brands

Read: https://www.lcx.com/all-about-gauss/

Monty Metzger, CEO

Super Snappy is the Web3 platform that offers free, multiplayer games to play with friends; plus user profiles, friend finder, groups, clans, achievements, the NFT marketplace; plus Avatar, video, voice and text messaging, and more.

Read: https://www.lcx.com/a-deep-dive-into-super-snappy-and-supr-token/

Monty Metzger, CEO

Super Snappy is the Zynga of web3. Very excited to see the first games in action soon. Let’s continue with LCX development over the last 30 days.

Community Host

??

Monty Metzger, CEO

We hosted several key events and worked with our partners to expand our strategic partnerships

Community Host

Splendid ?

Monty Metzger, CEO

POLYGON is a close and long-term partner of LCX. After listing MATIC a while ago and several joint marketing activities, we finally launched the full tech integration.

Monty Metzger, CEO

Polygon Integration on the LCX Platform: LCX integrated Polygon, a popular Layer 2 scaling solution for Ethereum, into its platform. This integration aims to enhance the scalability, efficiency, and cost-effectiveness of transactions on the LCX platform, providing users with a smoother and more seamless trading experience.

Read: https://www.lcx.com/lcx-announces-polygon-integration/

Monty Metzger, CEO

We also hosted a $TANG Trading Competition: LCX organized the TANG trading competition, a thrilling event where traders competed against each other for attractive rewards. This competition not only fostered engagement and excitement within the LCX community but also allowed participants to showcase their trading skills and potentially earn significant prizes.

Monty Metzger, CEO

We hosted another LCX Masterclass “How to raised millions in an initial coin offering – the legal way?”

Token Sale Masterclass: LCX hosted a token sale masterclass, an educational event aimed at providing valuable insights and knowledge about token sales, fundraising strategies, and the overall blockchain ecosystem. This masterclass served as a platform for aspiring project teams and entrepreneurs to gain valuable insights and guidance from industry experts, empowering them to navigate the token sale process successfully.

Monty Metzger, CEO

And we work closer with our community and build a web3 community for treasure hunters to find the next crypto gem. This is our LCX community on Zealy: https://zealy.io/c/lcx/

LCX Gemhunter Community. Special Rewards and Early Access to upcoming Token Sales at LCX Launchpad.

Community Host

Onward upward ???

Community Host

Thanks for the insight. There have been a lot of talks about some exchanges being kicked out of the EU a few weeks ago. This will lead us to some of our community members’ inquisitive questions, and we’re going to put three questions together to save our time today.

Community Host

I see that liquidity has gotten a little better over the last few months, but not good yet.

Do you have any other approaches to increase liquidity?

Do you have a roadmap for the next few years ????

Has the exchange been insured against hacks in the meantime?

Community Host

3 in 1 question?

Monty Metzger, CEO

Important questions.

Community Host

Indeed from our esteemed community members?

Monty Metzger, CEO

Our initial approaches to increasing Liquidity are not turning out how we planned. That is why we are shifting to a new approach and working on several initiatives in parallel. A) We established a VIP Customer Service for our most important clients and traders. B) We introduced the multi-level fee for large traders and market makers. C) We partner with many projects that help us grow liquidity as they will provide new liquidity.

Community Host

Onward upward?

Monty Metzger, CEO

For LCX Exchange, there will be many new partners and trading pairs incoming. It will be a mixture of new, fresh tokens and well-established large partners.

Monty Metzger, CEO

Roadmap – next few years, 0f course, We follow our long-term business plan and build key infrastructure for the future of money and finance.

Community Host

Good news for $LCX community ?

Monty Metzger, CEO

Many of our visionary ideas are written about and described in the book “Blockchain Banking” as well. I recommend taking a look https://blockchain-banking.co/

Community Host

??

Community Host

Has any company contacted you regarding the Physical Validator?

Monty Metzger, CEO

Physical Validator seems to be the next big thing. Many have contacted us to learn about and understand the benefits of this new role as a “Physical Validator”. The physical validator is a registration at the Financial Market Authority. Defintion “A person or entity who ensures the existence and enforcement of contractually obligatory rights to property represented in a blockchain technology system in the sense of property law.”

Community Host

Oh great??

Monty Metzger, CEO

It took us more than 2 years to get this approval – and we are the first and only ones in the world right now. We got requests from all over the world on why this matters. We are now educating the key players on how to tokenize trillions of dollars of assets and unlock illiquid assets to make them tradable.

Monty Metzger, CEO

I can recommend to read this paper by Albani University https://www.albanylawreview.org/article/75407-liechtenstein-s-blockchain-act-and-the-implementation-of-the-physical-validator

Community Host

Thanks for the update.

Community Host

As Gin posited, major discussions in the community have been about tokenization -RWA and It might interest you that the community is getting hyped about Tiamonds, and the result is there for us to glimpse at; thus, I’ve got a lot of questions regarding it. Going by stat, we have 60% questions onTiamonds only.?

Community Host

For me not to waste much time, I’m also going to combine some questions, 3 in 1 relating to Tiamonds?

Community Host

What are the plans for TIA utility? What is the roadmap for Tiamonds? What future developments or enhancements can tokenized asset users expect from Tiamonds?

Community Host

Especially for new members joining us?

Monty Metzger, CEO

Tiamonds is becoming a stand-alone project. The opportunity is too big to just have this as a side-project. Thus, we have incorporated Tiamonds AG and hired one of the best leaders I could imagine to help Tiamonds grow. Steven is the new Head of Tiamonds and has decades of Diamond industry experience. He grew up in Antwerp, Belgium, and has lived in Hong Kong for 10 years. He has spent the last 3 years in the NFT business and crypto trading, e.g. at eToro.

Community Host

Onward upward ?

Monty Metzger, CEO

To celebrate this, we hosted a special event during the Crypto Valley Conference in Zug, Switzerland. We presented the Tiamonds NFT Gallery: We organized a launch event for a new batch of Tiamonds in Zug, Switzerland. The gallery venue attracted a gathering of NFT enthusiasts who were keen to expand their collections by acquiring asset-backed NFTs.https://twitter.com/lcx/status/1665742776573771777

Monty Metzger, CEO

A few weeks earlier, we relaunched the platform: https://tiamonds.com

Monty Metzger, CEO

And we are now introducing Tiamonds own social media channels and its own Telegram channel. All of the Tiamonds initiatives are closely aligned with LCX and give benefits to all $LCX holders. E.g. the new tokenized diamonds batch could only be bought with $LCX token!

Monty Metzger, CEO

The new batch got a lot of attention. The Tiamonds tokenized diamonds NFT auction sale has been a resounding success. The auction sale format created a sense of excitement and competition, resulting in impressive bidding activity and successful sales. The success of the Tiamonds tokenized diamond NFT auction demonstrates the growing demand for novel and tangible digital assets.

Monty Metzger, CEO

The Tiamonds Fixed Sale is currently underway. This is an incredible opportunity for individuals to participate in owning these tokenized diamonds. To participate in the Fixed sale and explore the range of available tokenized diamonds, please visit https://tiamonds.com/market and secure your ownership of these unique digital assets. Don’t miss out on this chance to be a part of the future of diamond ownership!

Monty Metzger, CEO

And we launched a very special diamond. The first 1 carat!

Monty Metzger, CEO

The 1 carat diamond concept has generated immense excitement and proved to be a remarkable achievement in the NFT industry. This exclusive offering allowed TIA token holders to utilize their TIA tokens to acquire the highly desirable 1 carat diamond. 

The limited availability of the 1 carat diamond created a sense of exclusivity, attracting significant attention from collectors and enthusiasts alike. The exceptional demand for this remarkable gemstone led to its complete sell-out within a few hours, showcasing the immense appeal and desirability of tokenized diamonds in the NFT space. This achievement solidifies Tiamonds’ position as a pioneer in the tokenization of real-world assets and highlights the growing acceptance and adoption of NFTs as a valuable investment and collectible opportunity.

Monty Metzger, CEO

Again – the 1 carat diamond sold out within a few hours.

Monty Metzger, CEO

And it marked the first RWA NFT – our Tiamonds NFT – which you could buy with a discount of up to 30%.

Monty Metzger, CEO

To get the discount, you need $TIA tokens and pay a portion of the price in TIA tokens. And once you hold the Tiamonds NFT, you earn TIA as a reward and you can claim new $TIA on a daily basis

Community Host

Three quick questions from the community?

1. “Are you going to move the location of development to Europe? Are you satisfied with the quality of the products?”

2. “Which licenses are you currently applying for?”

3. “How is the process going regarding the securities banking license?”

Monty Metzger, CEO

Tiamonds also hosted its first Twitter Space during the launch of the 1 carat diamond.

Community Host

Awesome, today is 3 in 1 questions??

Community Host

Guys, be ready with your interactive questions?

Monty Metzger, CEO

LCX is a community-driven company. Our full focus is to listen to our users and build products they love and use every day.

Community Host

Onward upward ?

Monty Metzger, CEO

1 – Development. We are constantly hiring and looking for the most talented people. And yes – we did find several exceptional and talented new LCX colleagues in Europe.

Monty Metzger, CEO

Also due to the toxic environment and unclear legal status in the US, we will double down in Europe.

Community Host

Keep going team?

Monty Metzger, CEO

In addition we have an incredible talented and passionate team in India and some core members from Africa – including @king_LCX – who are important for the future of LCX. While we are headquartered in Liechtenstein – in the heart of Europe – we think globally from day one.

Community Host

??

Monty Metzger, CEO

2. Licenses. We have everything we need and are preparing to expand with MiCa. 

For LCX.com/earn and our tokenized bonds – the first bonds denominated in Bitcoin and Ethereum – we even gained regulatory approval in 30 countries!

Community Host

Lovely?

Monty Metzger, CEO

And 3 – security banking license: the banking landscape is transforming. Bill Gates said, “Banking is needed, Banks are not”. We are building the core infrastructure for the future of finance and money. We will follow our long-term vision and business plan, and we will keep you informed first about the next steps

Community Host

Are we ready?https://t.me/joinLCX/353303

Community

Any update on the major announcement?

Monty Metzger, CEO

yes – in a few minutes

Community

When are you going to fix that withdrawal/deposit problems?I am waiting for my tokens since yesterday.First there was “approval pending” problem and now have got a new one “partically confirmed”. When i look at txids on etherscan everything seems ok then why my tokens did not arrive?

Monty Metzger, CEO

High Priority! Most bugs and issues are solved today. Some are more complex but planned to be fixed within 24 hours. Also FYI – We improved the infrastructure of wallet service.

A key update was launched in the backend today, and more to come. 

In addition we plan to role out more native blockchain support and new token listings! Important for our traders.

Community

As 1 carat sold out in a few hours, what is the plan for future regarding 1 carat?

Monty Metzger, CEO

many more carat incoming ?

Community

How are the bonds doing?

Monty Metzger, CEO

Steady growth!

Community

Can we hear more about Steven’s decades of Diamond industry experience? Would love to hear about his background and expertise related to diamonds.

Monty Metzger, CEO

We will host another live session with Tiamonds team to give you more insights.

Community

What about the big partnerships with hedera quant what happened? We havent heard a thing about it for a while.

Monty Metzger, CEO

We had been focusing on Polygone and Cardano the last few weeks. But Hedera and Quant are key partners as well – and we will continue building stuff with them. stay tuned.

To close this AMA, there is one more thing.

Community

Awesome, we can’t wait to hear from you ??

Monty Metzger, CEO

As stated before LCX is committed to build the infrastructure of money and finance. LCX is fostering the future of digital finance.Following the 3 in 1 approach by @Gin_LCX – let’s say it this way.

1 – the core of LCX is our centralized and regulated platform, LCX Exchange, our Token Launchpad, and many additional features. The need for a new category leader and the next-generation CEX is crucial for the industry.

2 – everything that can be tokenized will be tokenized. Tokenization of assets is a key priority and will unlock trillions of dollars. That’s why Tiamonds and the new offerings around the Physical Validator are important to LCX.

3 – Decentralized Finance DeFi on protocol level is important for the future of finance worldwide. This is where we will see new unicorns emerge and build out core infrastructure we as well. That’s why LCX has been investing in DeFi since launch. LCX also started the famous LCX DeFi Terminal which is also known as Fire Salamander. 

Now – this week – LCX will announce a new brand and start Phase 1 of the launch phase. The DeFi product has been in development for over 12 months with a team of experienced blockchain developers.

Monty Metzger, CEO

LCX’s DeFi platform will focus on 

DISCOVER – MONITOR – TRADE.

As key benefits for our users.

Community

Awesome development ??

Monty Metzger, CEO

At it’s core, the backend and technology we are combining 3 core values and key technology trends. 

Blockchain – AI  – Community

Blockchain and Artificial Intelligence combined can deliver outstanding services and analysis for our users.

AI integration will revolutionize the platform, offering personalized recommendations and insights.

We will be launching a new brand – closely connected to LCX – but clearly positioning the platform and it’s services.

Phase 1 of the launch will include a special reward for all $LCX token holders. More details will be published this week.

Community

Great?

Monty Metzger, CEO

Many are asking if and how LCX users will benefit. We planned this out carefully and will give extra benefits and rewards to our $LCX community first. The new DeFi platform will launch in several phases, similar to BLUR or APE. Combining a powerful new platform, a strong community, and the latest technology trends – Blockchain and AI.

Community Host

We have come to an end?

Monty Metzger, CEO

Thanks EVERYONE for joining. More than 500 people live and online – great! Talk to you soon. Onwards and upwards!

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’ support and vitality toward 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!