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

Dear LCX community,

On July 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, iOS App,  Tiamonds at NYC, 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

Welcome onboard @montymetzger

Monty Metzger CEO: 

Welcome @king_LCX @Alexi_LCX and $LCX community

Community Host

It feels good to have you once again💪

Monty Metzger CEO: 

This will be a very special AMA. Lot’s to talk about

The Great Moonshot (I DONT DM FIRST), [10-07-2022 21:36]

👏

Community Host

Indeed, the community is very eager to hear from 😇

Community Host

Let’s get started guys 🤝

Community Host

Welcome Monty 💎💎

Community Host

Once again, good to have you onboard @montymetzger

Monty Metzger CEO: 

Good to meet you all here again

Monty Metzger CEO: 

Our telegram community is so strong and important to LCX

Monty Metzger CEO: 

Thanks for all the recent feedback and support

Community Host

Could you just give us an highlight of the events in the past month before we move to the AMA proper?

Monty Metzger CEO: 

So much has been happening recently.

Monty Metzger CEO: 

While others struggled, we had been growing – hiring and rolling out products.

Monty Metzger CEO: 

Bear market is the best time to build and grow!

Community Host

Awesome, great to hear from you.

Monty Metzger CEO: 

Highlight of June 2022

Monty Metzger CEO: 

1) LCX Token at Kraken – It was very exciting to see the LCX token listed on Kraken

Monty Metzger CEO: 

This is a major step for our $LCX ecosystem.

Monty Metzger CEO: 

LCX is now listed with two trading pairs USD and EUR at one of the most reliable exchanges.

Community Host

🎉🍟🎁

Monty Metzger CEO: 

After the coinbase listing last year, this was another MEGA MILESTONE.

Monty Metzger CEO: 

And it was many many months in the making.

Community Host

Awesome!

Monty Metzger CEO: 

2) I was a keynote speaker at MetaForum Lugano – Sharing knowledge and spreading awareness about Tokenization is always interesting and welcoming.

Monty At Metaforum

Monty Metzger CEO: 

LCX was also the sponsor of the Gala VIP Dinner where I also held a quick speech

Community Host

Interesting🔥🔥

Monty Metzger CEO: 

Lugano is growing in importance due to their regional governance initiatives. The city government is pushing and supporting crypto, blockchain and bitcoin

Monty Metzger CEO: 

3) LCX Mobile iOS launch. 

The LCX Mobile iOS community has been waiting for the LCX Mobile iOS launch for a long time, and we planned to deliver great work on time. iPhone users can even participate in the Token Sale via LCX Mobile iOS app.

LCX IOS

Community Host

Amazing Update for LCX 🔥🔥

Monty Metzger CEO: 

LCX Mobile for iOS was something our whole community had been waiting for! Now it is available for download.

Community Host

Yes, and the feedback has been so great💪🤝

Monty Metzger CEO: 

The launch was smooth without any problems or issues. We got so much positive feedback!

Monty Metzger CEO: 

Thank you all for this positive response!

Monty Metzger CEO: 

4) LCX had been at EBC 2022. The European Blockchain Convention is one of the most important events in the industry. It was always a pleasure to be a part of such an informative and insightful event.

LCX at EBC 2022

Monty Metzger CEO: 

LCX was sponsoring the event alongside Coinbase and many others

Monty Metzger CEO: 

5) Tiamonds was present at #NFTNYC conference. That’s the biggest NFT conference in North America.

Tiamonds NYC

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!

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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