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

Monty Metzger CEO: 

It was an amazing experience how people got excited after seeing Tiamonds truck in NYC and shared some amazing pictures with us.

Monty Metzger CEO: 

6) LCX was also at the Consensus Convention in Austin Texas in June. We did present LCX and our token sale manager on digital screens all over the city.

Community Host

Very nice marketing !

Monty Metzger CEO: 

More infos are at online at LCX.com/Austin

Community Host

Wow ?

Community Host

Interesting and great updates?

Monty Metzger CEO: 

And 7) 

We launched the Tiamonds Marketplace.

Monty Metzger CEO: 

We wanted to make it easy for the community to buy and sell Tiamonds in one place, so we enhanced the marketplace with new features.

Community Host

Great!

Community Host

Awesome Monty ?

Community Host

Very lovely highlights and great developments from the team?

 We have so many questions bothering around Tiamonds and TIA tokens.

Community Host

Let’s get started guys!

Community Host

These are your questions we compiled?

Community Host

One good reason why to buy or sell Tiamonds from Tiamonds marketplace instead of Opensea?

Community Host

Starting from here @montymetzger ?

Monty Metzger CEO: 

Tiamonds is not just a marketplace but it has its own NFT. When you buy and sell on other platforms – e.g. at Open, you need to pay a fee of at least 10% but at Tiamonds Marketplace there is no such fee.

Community Host

Wow, that’s quite amazing and lovely?

Monty Metzger CEO: 

And if the owners buy and sell Tiamonds at Tiamonds marketplace it will be easy and convenient for them. We have created a smooth and seamless marketplace where users will find transparency, easy access to bids and sales, and a user-friendly interface. 

And as LCX is a regulated company, thus, going with LCX and its products is always a secure step. We not only make the exchange and token sale secure, but the diamonds that are attached to every Tiamond are safely stored in a vault with protection level 10 and 6 eyes principle. Therefore, going with Tiamonds Marketplace is safe and secure.

Community Host

Very nice Monty !!

Community Host

Let’s do the next question ?

Community Host

In which quarter will $TIA be listed on other exchanges?

Monty Metzger CEO: 

We are planning to list the $TIA token on other exchanges. Things are in the pipeline and we are working out some details that need to be considered before listing the $TIA token. You will soon be able to see $TIA on other exchanges as well.

Monty Metzger CEO: 

Our business development team is working on it, and once everything is finalized, we will share the update with the community through social media and our newsletter. But I can tell you it is coming…

Monty Metzger CEO: 

We will start with tier 2 exchanges and then add some top tier exchanges as well.

Monty Metzger CEO: 

Currently $TIA is listed on LCX Exchange with several pairs and  at Uniswap

Community Host

Awesome, and this will take us to the next question ?

Community Host

Yes, amazing ! ?

Monty Metzger CEO: 

It is great to see that usage is constantly growing with $TIA, so reflection, balancing and burn also show its effect

Community Host

That’s very important for the whole Ecosystem

Monty Metzger CEO: 

Remember in every on-chain transaction, there is 10% deducted and shared with the community. 50% of that 10% will be re-distributed to all token holders.

Community Host

Very nice ?

Community Host

Next question

Community Host

Is Tiamonds partnering up with Diamond consumers and suppliers in near future?

Community Host

Great question!

Monty Metzger CEO: 

Tiamonds is revolutionizing the Diamonds industry.

Monty Metzger CEO: 

Tiamonds is already the largest blockchain-powered marketplace for diamonds NFTs worldwide.

Monty Metzger CEO: 

And we are just getting started

Community Host

Interesting ???

Community Host

??

Monty Metzger CEO: 

We are already working with some major industry players to source our Diamonds

Monty Metzger CEO: 

LCX believes in expansion, and if partnering with Diamond consumers and suppliers will be beneficial to the NFT community and LCX, then we will investigate the details prior to moving forward.

Our objective is to expand with the community and introduce something novel and innovative to the market. Therefore, the Tiamonds Marketplace is launched with new features so that the Tiamonds community can easily buy and sell. The newly added features will enhance the community’s experience and streamline the buying and selling of Tiamonds.

We are working on a few more Tiamonds-related ideas that will be revealed in the coming days. Things are still in the planning stages, which is why we cannot disclose specifics at this time. However, at least three to four initiatives are already in the pipeline, and all teams are working diligently to enhance your journey with Tiamonds.

Community Host

Awesome development.

Monty Metzger CEO: 

For Example we work with some Diamond experts to source the Diamonds we buy for Tiamonds from Belgium and Switzerland.

Monty Metzger CEO: 

All the diamonds come with a GIA certificate, that is more expensive than other certificates – but we believe it is worth it.

Monty Metzger CEO: 

In addition all Diamonds are put in a safe and secure Vault in the Liechtenstein alps.

Monty Metzger CEO: 

The Diamonds are fully insured by Lloyd’s London

Monty Metzger CEO: 

I am certain that this will change the way people invest in Diamonds.

Monty Metzger CEO: 

Diamond NFT’s will enable global investment, trade and transparency in Diamond.

Community Host

Adoption for mainstream???

Monty Metzger CEO: 

yes

Community Host

Have got a question that’s frequently asked in the community ?

Community Host

When is the revamp planned? Countdown was announced for after the release of the app.

Monty Metzger CEO: 

LCX Exchange is the core of LCX’s platform. You can use $LCX token to pay for trading fees for example

Community Host

Let’s forge ahead with this frequently ask question @montymetzger

Monty Metzger CEO: 

That’s why we want to take the LCX Exchange to the next level.

Community Host

Indeed!

Monty Metzger CEO: 

We will launch LCX Exchange revamp, with improved User Interface, Faster Trading Engine, high liquidity and many nice new functions

Monty Metzger CEO: 

kind of LCX Exchange 2.0 if you would like to call it like this

Monty Metzger CEO: 

Good things take time and we won’t launch an unfinished product.

Community Host

Wow, our users can’t wait for this?

Monty Metzger CEO: 

The LCX exchange revamp is in process, and we don’t want to hurry with the development of it. There is a perfect quote, “He who is in a hurry always arrives late.” So we want to recheck every aspect, keep on testing every change and then present it to the community. Being a regulated and reputed company, we don’t want to present our product half-heartedly and then face repercussions. It’s better to test everything and then present the best version of it to the community.

Monty Metzger CEO: 

But…. I can tell you it won’t be long anymore.

Community Host

Yes, it’s better to be delayed and come out with something to be wowed about?

Monty Metzger CEO: 

And we will start a countdown in the next few weeks, as promised

Community Host

Awesome, and this will take us to the next question?

Community Host

What does a reward staking programme (roadmap) mean? Can we earn interest in lcx by staking lcx?

Monty Metzger CEO: 

The rewards staking program is on our roadmap as well. And we will launch it when all aspects are ready.

Monty Metzger CEO: 

I cannot share details right now.

Monty Metzger CEO: 

But what we are finalizing as well, is our interest earning products. With the first one being the 10 Million EURO tokenized bond.

Monty Metzger CEO: 

This is a financial product which will be approved by the regulator and passported all across Europe.

Monty Metzger CEO: 

You all know BlockFi and Celsius… they have been offering interest earning accounts without any approvals.

Monty Metzger CEO: 

And now you see that will cause problems on all fronts, regulators and consumers suing them. No a trustworthy and reliable solution for the long term.

Monty Metzger CEO: 

The tokenized bond on Euro will change this

Monty Metzger CEO: 

https://www.lcx.com/lcx-files-for-10-million-euro-blockchain-bond/

Community Host

Thanks for the insight and this will also take us to a very important question from the community.

Community Host

New fiat deposits and withdrawals?

Monty Metzger CEO: 

We have many options on the table and can implement many currencies. Let us know on twitter @LCX which currencies you want

Community Host

Great!

Monty Metzger CEO: 

Currently we do support indirectly USD via USDC and EURO.

Community Host

Thanks for all the updates?

Community Host

At this end, I’m going to open the chat for the community to be able to interact with you.

Community Host

Are we ready guys?

Community

Any updates on US regulation in regards to ICO’s and US citizens being able to buy?

Monty Metzger CEO: 

I will try to answer as many questions as possible

Community

When does LCX plan to dethrone Goldman Sachs?

Community Host

Awesome!

Community Host

??‍?

Monty Metzger CEO: 

Any time ??

Community

What about utility tokens listed on the exchange? It was said the interest is massive and we will see at least 1 offering per month. What happened? Is it the market conditions?

Monty Metzger CEO: 

We have listed many tokens, but maintaining liquidity across all tokens is a challenge. Thus we slowed down. In addition we only want to list high quality tokens. We are doing deep Due diligence for every token we on-board and legal opinions are required.

Community

Do you (@montymetzger) have a working relationship with Gil (QNT CEO) ?

Monty Metzger CEO: 

Yes, we are often communicating directly. Here is the AMA we did a while ago https://www.youtube.com/watch?v=-0NdMdVTh_0

Community

Is there any plans to fix the liquidity

Monty Metzger CEO: 

Yes, a key priority for us. But there is no washtrading and fake liquidity. 

When do you start trading more? All our users are encouraged to trade more active

Community

Do you think LCX will have institutional partnerships in the future?

Monty Metzger CEO: 

We already do have some institutional partners – but more partnerships are coming. 

Get the overview here https://www.lcx.com/info/ecosystem/

Community Host

Apologies guys, the CEO needs to quickly address one or two questions. We have to mute the community once again?

Monty Metzger CEO: 

I always enjoy our monthly AMA, especially this month was crazy. We never launched so many major products and attended all these events.

Monty Metzger CEO: 

LCX is going full power ahead

Community Host

Is there any possibility of having any utility of TIA within Tiamonds/marketplace?

Monty Metzger CEO: 

yes…. $TIA is our sleeping tiger. But awoke soon.

Monty Metzger CEO: 

LCX is a trustworthy company with fantastic products. 

Request to all of you. Tell your friends, your colleagues and share on all social channels. On telegram, on twitter and more. We want to grow and invite many new users to our platform. The year of the tiger (2022) is all about growth!

Monty Metzger CEO: 

$TIA is a governance token and the goal from the start was to build a product in collaboration with you.

Monty Metzger CEO: 

All details about TIA token here https://tiamonds.com/tiatoken

Monty Metzger CEO: 

The big news of today is that we are finally launching $TIA governance. To participate, propose and vote  you need to stake your $TIA token.

Monty Metzger CEO: 

Thus $TIA staking will give you more influence over the project and TIA token are locked up

Monty Metzger CEO: 

I am excited to announce that $TIA token governance system will be launched tomorrow

Monty Metzger CEO: 

We will publish all details tomorrow and publish guides on how to use it.

Monty Metzger CEO: 

Another week, another major announcement. Haha. It never gets boring at $TIA and $LCX

Community Host

Awesome!

Monty Metzger CEO: 

Thank you all for joining the AMA

Monty Metzger CEO: 

onwards and upwards. Talk to you soon!

Community Host

Thanks for your time and I believe the community is very excited with all the lovely updates?

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!