Dear LCX community,
On March 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 LCX exchange revamp, Envision $VIS Token, Tiamonds, 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:
Hello beautiful people and great LCX community members?
As we are about to start the AMA program proper, it’s pertinent to pass this piece of information to the community.
During this AMA session, the community would be muted for an easy flow of communication between the hosts and the CEO.
We crave your indulgence while muting the channel for an easy flow of communication to address your questions and readability of all. 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✍️
Monty Metzger CEO:
Hello LCX family! Looking forward to this!
Community Host:
Good to have you here once again?
Apparently, the community has been centred towards Tiamonds – TIA tokens in recent times. Could you give us an insight to the success story so far and what more do we expect from you?
Monty Metzger, CEO
Hope you are all ready for an exciting AMA. So much happening at the same time…. LCX ecosystem growing like ?
Monty Metzger, CEO
Before we start. A big shout-out to the current Envision Token Sale.
Monty Metzger, CEO
2 min ago the next stage of Public Sale started.
Monty Metzger, CEO
https://accounts.lcx.com/token-sale
Community Host:
Awesome!
Monty Metzger, CEO
Envision is the Getty Images of Crypto. They will disrupt the stock media (image and video) market and turn it upside down.
Monty Metzger, CEO
Actually the team is also down-under in Australia. Very passionate and experienced founder team.
Monty Metzger, CEO
So don’t miss this opportunity.
Monty Metzger, CEO
White paper is online here https://envisioncoin.finance/media/pages/Whitepaper/VIS-WHITEPAPER_v4.pdf?v=1646931901
Community Host:
Thanks for sharing it with us.
Monty Metzger, CEO
Basic Information are visible here https://www.lcx.com/wp-content/uploads/Basic_Information_-_VIS_Token_Sale_FINAL_SIGNED.pdf
Community Host:
Nice Envision is an amazing project ??
Monty Metzger, CEO
One more important info for the LCX community. LCX is not only acting as an exchange launchpad here. This is much more.
Monty Metzger, CEO
LCX is the actual “Token Issuer” on behalf of this project.
Community Host:
$LCX community, you can have a glimpse here?
https://www.lcx.com/wp-content/uploads/Basic_Information_-_VIS_Token_Sale_FINAL_SIGNED.pdf
Monty Metzger, CEO
This is an important factor for all projects who plan to do an initial token sale.
Monty Metzger, CEO
All other Launchpad’s on the market will never take the risk and ALWAYS say they are not responsible.
Monty Metzger, CEO
LCX’s solution is much different. We are offering the token to the public, we are filing the notifications at the regulator, we are becoming the token issuer … and we are conducting the sale at LCX’s platform.
Monty Metzger, CEO
I would say, this is how you do an ICO in 2022. The right way, easy and legally compliant!
Monty Metzger, CEO
This is BIG for the industry and we are getting many applications from outstanding projects
Community Host:
Great, thanks for sharing this:)
Monty Metzger, CEO
We are selecting the best one for our community, doing deep due diligence and analysis.
Monty Metzger, CEO
Most projects we have to decline. Only the best are selected to be issued by LCX and host their token sale at our platform.
Community Host:
That’s amazing ! LCX is different ??
Monty Metzger, CEO
Let’s now talk about Tiamonds.
Community Host:
We can’t settle less for LCX community ?
Community Host:
Amazing Monty thanks for the Infos ?
Monty Metzger, CEO
Tiamonds = Tokenized Real-World Diamonds in an NFT. 1 to 1.
Diamonds are locked up in a secure vault in Liechtenstein and fully insured.
Each NFT gets 1 Million TIA Token as rewards in the “Own To Earn” model.
Monty Metzger, CEO
TIA Tokens are deflationary #cryptocurrency.
? 10% fee in every on-chain transaction
? 5% redistributed to all existing holders
? 2.5% are burned
Monty Metzger, CEO
TIA had been listed at
Coingecko https://www.coingecko.com/en/coins/tia
CoinMarketCap https://coinmarketcap.com/currencies/tia/
already.
Community Host:
Awesome!
Monty Metzger, CEO
50 out of 100 Tiamonds NFT are sold already.
Monty Metzger, CEO
You can only buy Tiamonds NFTs with the payment of $LCX. There are auctions where you pay with a $LCX token.
And there are fixed price sales where you need to stake $LCX to get access and the you are allowed to purchase at fixed price.
Monty Metzger, CEO
All staked $LCX are then locked up for 1 year.
Monty Metzger, CEO
So far
14.5 Million $LCX are now locked up for 1 year as a result
Community Host:
That’s a huge amount ! Nice to see ?
Monty Metzger, CEO
Now there are 10 Tiamonds open in auction
https://tiamonds.com/market
Monty Metzger, CEO
But next week is another
Tiamonds Tuesday
Monty Metzger, CEO
Tiamonds Tuesday means
– 10 Tiamonds NFTs auctions ending
– 10 more Tiamonds NFTs are dropped for auction running for 7 days
– 10 more Tiamonds NFTs are dropped for fixed price instant sale
Community Host:
Nice Monty !
Community Host:
Lets now start with the next Question
Community Host:
Are there plans to launch TIA on other exchanges as well? If so; any more details?
Monty Metzger, CEO
So every NFT owner of Tiamonds will receive 1 Million $TIA over 2 years
Monty Metzger, CEO
In case you don’t own an Tiamonds NFT you can also purchase TIA on the secondary market
Community Host:
That’s cool!
Monty Metzger, CEO
You can purchase $TIA at these exchanges.
1) LCX Exchange, e.g. https://exchange.lcx.com/trade/TIA_EUR
2) Uniswap https://info.uniswap.org/#/pools/0x2102ce308b2ffdc5d83833bc1e4fc44a46f411e7
Monty Metzger, CEO
Once you own $TIA we recommend to HODL it in a non-custodial wallet.
Monty Metzger, CEO
Then you auto-magically earn the rewards in the “reflection” via the smart contract.
Community Host:
That’s very important!
Monty Metzger, CEO
Although there are only a few transactions yet. Users are already getting rewards.
Monty Metzger, CEO
E.g. This user deposited 530 TIA 15 days ago.
Monty Metzger, CEO
Now his balance grew to 530.408632582 TIA tokens.
Monty Metzger, CEO
No claiming, no gas fees, no action needed.
Community Host:
Thanks for the lovely insight so far. They are very key to the community?
Community Host:
To the next question!
Community Host:
Can you give an update on Exchange revamp and insurance? Also, are there plans to make LCX tokens become ISO 20022 compliant?
Monty Metzger, CEO
LCX Exchange is growing day by day. And we plan a big upgrade!
We are currently working on the LCX Exchange Revamp and the official update will be announced on our social media handles. We have shared more details in our roadmap blog: https://www.lcx.com/product-roadmap-2022/
Monty Metzger, CEO
LCX Exchange will be faster, performance improvements, easier to use and simply looking much nicer.
Monty Metzger, CEO
We are listening to our $LCX community and delivering a product which our users love!
Community Host:
Wow, that’s great news to hear?
Community Host:
Awesome! ?
Community Host:
Let’s move to the next question?
Monty Metzger, CEO
yes
Community Host:
How does LCX intend on improving the growth and volume that visits the exchange in the short term and what is the time like for this?
Monty Metzger, CEO
2022 is about growth, growth and growth
Monty Metzger, CEO
It’s always easier to grow during a bear market. LCX is in a super strong position to grow.
At the center of our ecosystem is LCX Exchange.
Monty Metzger, CEO
All initial token sales projects will be first listed at LCX Exchange.
Monty Metzger, CEO
We have seen large sign ups due to DigiCorp Labs $DGMV token sale and lot’s of organic volume.
Community Host:
I’m sure the community is happy to hear this?
Monty Metzger, CEO
Nevertheless 2022 is also about working with more professional investors, crypto funds and large liquidity providers to grow.
Community Host:
Thank you Monty
Community Host:
We are sure we gonna grow a lot 2022 ?
Community Host:
Lets go to the next question
Community Host:
Are you going to release more well known tokens onto the exchange to attract every day investors in?
Monty Metzger, CEO
Absolutely. We will see some outstanding projects being launched by LCX. LCX will issue their token, register the token sale and offer the token during a private and public token sale – all managed by LCX’s token sale manager.
We expect that some of the next top 100 crypto-projects globally will be launched at LCX. So our $LCX community will be the ones who can get access to these outstanding projects first.
Monty Metzger, CEO
And then these tokens will be available for trading at LCX Exchange first.
Community Host:
That’s very bullish for our exchange !
Monty Metzger, CEO
This could be the next Filecoin, the next Solana, the next CELO, the next NEAR protocol, the next FLOW ….
Community Host:
Interesting?
Monty Metzger, CEO
Very Important Update for our community at $TIA.
We have started to discuss potential listings at other exchanges. As we do have close relationships to some of the best worldwide, we have shared all the details about $TIA already.
As always we cannot give you a timeline on this. But conversations are on-going.
Community Host:
Very nice ?
Monty Metzger, CEO
While we speak about other exchange platforms. Short update on $LCX token listings.
Everyone was thrilled to see $LCX listed at Coinbase, Coinbase Pro and Coinbase Mobile. This is huge!
Especially in combination with Coinbase Custody, $LCX is now easily part of large crypto investors and institutional investors.
Monty Metzger, CEO
But we are not stopping here. We are in on-going talks with other exchange platforms to expand our ecosystem further.
Community Host:
Great ?
Community Host:
Now I need the bullish beat ?
Monty Metzger, CEO
As Coinbase is leading in North America by far, we are targeting other platforms in Europe and Asia. We hope to also spread the word about $LCX, LCX.com and our outstanding products and services in other regions as well and reach more new users.
Community Host:
Thanks for the update. I’m so excited ??
Community Host:
To the next question now??
Community Host:
With regulation being brought up more frequently in the US with things like the president asking crypto exchanges to fall in line with the current sanctions in Russia. Will LCX be compliant with these sanctions? And is there any different regulations and/or legislations
Monty Metzger, CEO
LCX is a regulated and compliant platform. LCX AG is headquartered in Liechtenstein and we follow the guidance of the Financial Market Authority. Liechtenstein has adopted sanctions as well and fully follows these new rules.
Monty Metzger, CEO
But btw. We have very few (actually zero) Russian oligarchs at our platform.
Monty Metzger, CEO
The geopolitical situation is pressuring the United States to act. I personally believe this should have been done much earlier.
The US market needs a clear and entrepreneur-friendly legal framework for crypto
Monty Metzger, CEO
Let’s see what will be the outcome of the Executive Order by Biden.
Community Host:
Thanks for the insight ?
Monty Metzger, CEO
LCX has an unfair advantage as we have a fantastic light-weight legal framework for crypto and blockchain in Liechtenstein. The Blockchain laws, also called the Blockchain Act, are in full force since January 2020 already.
Community Host:
Thanks for that Infos they are important To us !
Community Host:
Monty now the next Important one
Community Host:
Marketing strategy is very important. A product can be established on the market without marketing and promotion, whatever it is good. So what are your plans for this? How will you build strong relationships with communities?
Monty Metzger, CEO
Yes, we need to get the word out. All of you can contribute and share details about $LCX and $TIA. But we also started to work with a UK based marketing agency out of London. They are pushing LCX to new levels.
Monty Metzger, CEO
We also noticed that crypto influencers are picking up $LCX topics and even news around Tiamonds.
Community Host:
Interesting ??
Monty Metzger, CEO
It’s important for us to build long-term value and constantly grow.
Monty Metzger, CEO
Grow our ecosystem, grow our fan-base, grow our user base and grow our impact we have with all our services and products
Community Host:
That’s very nice ! Very important for our Future Growth ?
Community Host:
Let’s take the next one and it’s an important one for the whole community
Community Host:
Why are some Withdraws manually and some are taking so long ?
Will this get better in the near future because that’s one of the reasons people are not using the exchange a lot more …
Monty Metzger, CEO
LCX wants to deliver a fast and reliable platform. Withdrawals are an important part of this.
Monty Metzger, CEO
Many have noticed that withdrawals are now much faster than before, without compromising our security.
Withdrawals are automated. Only some withdrawals are reviewed manually – either because they are larger than usual or because of compliance reasons and checks conducted in the background.
Monty Metzger, CEO
In the past couple of days we have been facing withdrawal issues at Cardano $ADA tokens. We notified all users about this personally and contacted them via Email by our customer success team.
Reason is that Cardano has released a big upgrade of the nodes. Our team did have to upgrade all nodes and start re-synching to the public blockchain. We are running several full nodes… as far as I know there are 100 blocks remaining in the synching process. So also ADA withdrawals should resume shortly.
Community Host:
Okay nice to here thank you for that information Monty ?
Community Host:
Thank y’all for your amazing support and questions submitted.
Fortunately and unfortunately, we have spent more than the required time on the first session whilst, we won’t be able to take all your questions.
Now, it’s time to open the channel for y’all to ask the CEO direct questions?
Monty Metzger, CEO
Remember to spread the news about Tiamonds Tuesday
We are so proud of the Tiamonds platform. The fully decentralized platform works so smoothly. On-Chain bidding for the auctions. The automated vesting of $LCX for fixed price sales. The reflection of the $TIA token. The claim of NFT’s on-chain. The distribution of $TIA own-to-earn rewards.
The front-end, back-end and 6 individual smart contracts in harmony together.
LCX is Truly Orchestrating Blockchain Innovation with our new tokenization project Tiamonds.
Last but not least.
I want to give an exclusive teaser of LCX Exchange – the next level
Community Host:
Guys, the channel is now open?
Community Question:
How will LCX remain competitive with other exchanges like FTX and become known as the Goldman Sachs of crypto?
Monty Metzger, CEO
Continuity, Persistence and on-going innovation.
We will grow sustainability and provide deep liquidity at our crypto exchange
We will go big in digital securities > Liechtenstein Protocol, own security token in 2022 launched at our platform
We focus on Tokenization > real world diamonds as NFTs = Tiamonds
We will launch the next big projects at our token sale platform
We will bring our DeFi platform and DEX aggregator to the next level > Fire Salamander is such a great product people should know about and use more often
and more. and more. and more. and more.
Community Question:
How much staff of LCX is now working in the USA and are there any new launches of partnerships in USA
Monty Metzger, CEO
We have LCX team members spread across 4 continents worldwide. While the heart will always be in the middle of Europe – in the country of Liechtenstein
Community Question:
How many wallets support your token? Do you have any plan to build your own wallet
Monty Metzger, CEO
You can use LCX Accounts. This is a custodial wallet and very handy to use.
For non-custodial you can use Coinbase Wallet and many others.
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.
