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

This is a summary of the live Ask Me Anything (AMA) session with the CEO and Founder of LCX.com, Monty C. M. Metzger (@montymetzger), held at LCX’s official  Telegram community channel on September 10, 2021. Moderated by community moderator “King”. Answering the burning questions of the $LCX community.

Community Host,

Hi dear esteem lcx.com 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 the course of the program, the community would be muted for an easy flow of communication between the host and the CEO👨‍💻

We seek your indulgence while muting the channel for an easy flow to address your queries and readability of all. Of course, we’ll definitely open the channel to entertain your questions at the end of the AMA proper🙏✍️

Good to welcome our CEO @montymetzger to yet another amazing AMA session with the community ✋

Monty Metzeger, CEO,

Thanks @king_LCX

Welcome everybody. Hello LCX Community.

Amazing to see all your smart questions https://twitter.com/lcx/status/1434889495992684545

Community Host,

Awesome!

Let’s get started🙏

What is the next big news for LCX?

Monty Metzeger, CEO,

The next big thing for LCX?

Community Host,

Indeed yes!

Monty Metzeger, CEO,

I can’t tell you all the details right now, but the next couple of weeks will be exciting. Our marketing team already has problems scheduling it all…. too many things lined up.

Today I also want to give you an update on our Product Roadmap, so many exciting news for our AMA

Community Host,

Awesome, thanks to the insight

And to the next question.

Where do you see $LCX 5 years from now?

Monty Metzeger, CEO,,

What is the next big news for LCX? – I saw this question came from LuckyKlyph. Thanks!

Where do you see $LCX 5 years from now? – This question comes from DLinkbull. First, I think you will need to rename your twitter account to LCXbull soon. 😎

LCX 5 years from now. 

➡️ LCX will be the new category leader in token trading, issuing and tokenization!

➡️ LCX is pioneering a blockchain infrastructure bridging the traditional monetary system and the fast-moving trusted technology landscape. 

➡️ LCX.com is a secure and compliant platform for buying, selling, transferring, and storing digital currencies. The LCX Exchange is a regulated trading venue offering a range of digital currencies. 

➡️ LCX is a Fintech company that focuses on tokenization of assets, utility and security token offerings, and advanced trading tools.

In short, conquer global markets and join the Unicorn club.

Community Host

Wow, this is gonna be great:-)

Now to question a lot of community members are asking😇

Do you think lcx will be listed on an exchange like Kucoin or Kraken soon? asked by SKLem9

Monty Metzeger, CEO,

LCX ecosystem is important to us. The LCX Token ($LCX) is the fuel of the LCX.com platform and LCX Cryptocurrency Exchange. LCX Token works as a long-term sustainable incentive mechanism to motivate various stakeholders to participate in the ecosystem.

LCX token had been listed at Changelly, Changelly Pro and LaToken this year. In addition LCX Token is traded at Tier 1 exchange Liquid Global. And everyone you noticed how they handled the recent incident can see that they are truly top category

Nevertheless we don’t stop here

I cannot comment on recent negotiations and discussions. But I can tell you that several top tier exchanges are reviewing LCX and that there are dialogs happening.

We also congratulate our partner Quant QNT who recently got listed at Coinbase.

Community Host : 

Great

Could you share an updated roadmap with us? No big deal if previous projects were delayed but it would be great to have an updated version to see where LCX is going till the end of the year!

Monty Metzeger, CEO,

Let me summarize key developments on the product side, partnerships and company achievements.

You all know the product roadmap published in March this year https://www.lcx.com/product-roadmap-2021/

We reviewed our product roadmap constantly and also discussed new market dynamics in our management circle

For Q1 2021 we promised

  • LCX Exchange 
  • LCX Liechtenstein Protocol
  • But in Q1 2021 we delivered this:
  • LCX Exchange Launched ✅ 
  • Coindesk Article about LCX’s regulatory approvals  ✅
  • Liechtenstein Protocol ✅
  • #100DaysLCX Growth Campaign Started ✅
  • LCX Merchandise Store Launched  ✅
  • CoinGecko lists LCX Exchange ✅
  • LCX Platform Upgrade  ✅
  • Monerium Partnership  ✅
  • LCX Token listed at LaToken  ✅
  • Launch of LCX Venture Program  ✅
  • Launch of Leading Change Campaign ✅
  • Successfully Closing RVW Security Token Sale  ✅

In Q2 – 2021 we planned

  • #100DaysLCX Growth Campaign
  • LCX DeFi 2.0
  • Quantitative Market Making (QMM)

In Q2 – 2021 we delivered 

  • #100DaysLCX Growth Campaign Finished  ✅ > delivered 131 announcements, listed 60 new trading pairs
  • LCX Insights Live Season 1 with 32 sessions hosted incl. 25 extraordinary guests ✅
  • LCX DeFi 2.0 ✅ aka. Fire Salamander defi.LCX.com
  • Hedera Hashgraph Partnership ✅
  • Quant Partnership ✅
  • DigiByte Partnership ✅
  • Celo Foundation Partnership and Membership  ✅
  • Announcement of Tokenization Project “Tiamonds” ✅
  • CoinMarketCap lists LCX Exchange ✅
  • LCX Token listed at Changelly and Changelly Pro  ✅
  • LCX Token listed at Uniswap V3 ✅
  • LCX launched Digital Euro and Fiat on-off ramp ✅
  • Quantitative Market Making (QMM) ➡️ Delayed but In development, update will follow

For Q3-2021 we planned:

  • LCX Mobile
  • LCX Vault

Here is what actually has/will come in Q3-2021

  • LCX Podcast Launched ✅
  • Polkadot and Parity Technology Collaboration ✅ Major Milestone!!
  • LCX Mobile ✅ In Development, launching in late Q3 or early Q4
  • LCX Vault ➡️ Delayed but In Development, update will follow. New important partnership in-coming. 

and a few more secret topics….

Now Q4.

We planned 

  • LCX Terminal 2.0
  • Price Oracles 2.0

But…. Here is what actually will be happening!

  • Secret Project  ✅ leveraging our regulatory approvals and technology platform. Massive! 
  • TIAMONDS  ✅ Diamonds Tokenization and TIA Token
  • LCX Exchange “Facelift”  ✅ major upgrade and product revamp. So beautiful.
  • LCX Terminal 2.0 ➡️ Postponed, update will follow
  • Price Oracles 2.0 ➡️ Postponed but In development, update will follow

and more…

Full focus on LCX Exchange. We are not happy with liquidity and traction. 

The “Secret Project ” will drive 10-100k new active users to our platform and will lead to increase of LCX Exchange traction.

Also Tiamonds with TIA token will drive traffic, retention and new users to LCX Exchange. TIA token as a deflationary cryptocurrency will go nuts.

In addition to that, LCX Exchange did go through a deep cybersecurity test, analysis and penetration test in the past 6 months. This has been finished and results will be published. Another jump for our reputation and trust score.

Community Host : 

Awesome!

What role do you see for the Liechtenstein in Europe in years to come about crypto/regulation

Monty Metzeger, CEO

Liechtenstein had been the pioneer in crypto regulation. That’s the reason why LCX has the “L” in the name. Liechtenstein has one of the best reputations as a financial market with a AAA rating from Standard and Poors – and Liechtenstein is a financial power house. We have to invest constantly to keep the highest standards in business practise, security and user protection. 

Liechtenstein will become the role model for many regulatory structures and policies worldwide. For LCX a perfect “home”, while we seek to conquer the world and increase our activities in North America

Community Host : 

Were there any updates in regards to the release date of the LCX Mobile App and LCX Insured Crypto Custody Vault?

Monty Metzeger, CEO

LCX Mobile is on track and will be released late Q3 or early Q4. But as explained it’s not only a mobile app…. LCX Mobile is a new product category. Currently 40-45% of our users already access LCX from mobile and all applications are mobile-ready – already today.

LCX Vault is partly already an element of our product, see LCX Main Wallets vs. Exchange Wallet. We want to deliver best user value and do customer research to find the best product positioning for LCX Vault.

While institutions are paying for custody solutions, we are reviewing if our users want to pay for a secure cold storage solution -> Or if there are other innovative models, where users will gain benefits while using LCX Vault. Many ideas are being discussed.

Community Host : 

Is a listing of $ XRP possible on lcx exchange?

Monty Metzeger, CEO

We are impressed by the strong XRP community. 👏 We have to wait and see how the lawsuit in the US is developing.

Community Host : 

Awesome!

DeFi, Staking, Yield Farming, and NFT are hot topics right now in our crypto space. Does your project have a long-term plan to support these themes?

Monty Metzeger, CEO

We – this is super important for us. We do not stop with LCX Exchange exchange.LCX.com

All our LCX users can benefit by registering only once at accounts.LCX.com and get access to a portfolio of products.

DeFi > defi.LCX.com our super powerful DEX aggregator is getting more and more traction. People love the limit order functionality for Uniswap

NFT >>> Tiamonds.com is coming, which will include our new product category, NFT trading and issuing. And it is not only a NFT, but a tokenization project. Tokenizing real world diamonds in combination with a deflationary cryptocurrency…. TIA

Yield Farming is on our radar and part of our R&D – and often part of our legal review discussions.

Cannot talk about details, but we do see the potential

Community Host : 

Great insight

Blockchain world is growing very fast & becoming more competitive. What are your tricks to attract more community? Do you have a good marketing team? What events do you prepare to attract investors?

Monty Metzeger, CEO

First, we believe in the future of tokenization! Everything will be tokenized. The whole financial markets will be turned upside down. Fiat currencies will collapse and be replaced by digital currencies. Central banks will launch Central Bank Digital Currencies, and will naturally compete with community drive digital currencies. 

Second, the first generation of marketplaces will be replaced by new category leaders and innovators, such as LCX 😉 

Who knows Friendster and Myspace….. while now Instagram, TikTok and Twitter dominate the market. 

Third, the blockchain industry will grow, grow and grow. We have a sustainable and long-term plan, we can survive another crypto-winter if necessary and profit from the next bull-run.

Events prepared to attract investors:

TIA will grow via word-of-mouth, nobody wants to miss this

Our secret project will lead to a wave of new investors

and our key partners, such as DigiByte, Quant, Polkadot, etc. will constantly help us tap into new investors and users.

Community Host : 

Thanks to y’all for your patience and support. It’s important we also open the chat for you guys to have an interactive session with our CEO and shoot your shot. 

Thanks for your support guys!!

I hope you’re ready guys?😇

Monty Metzeger, CEO

looking forward to receiving your questions here in the chat.

let’s do another 15-20 min…. 🥳

Community Question

What is your plan about globalization? Do you have local Communities for those users who don’t understand English well?What can we expect to see from your platform in the short-term (at some point in 2021) & 2022?And beyond (long-term goals)?

Monty Metzeger, CEO

We will go multilingual!

Community Question

When will the DEX be released? Is there any demo version we can experience and provide feedback? and working products, any idea has zero value. We see many projects are on paper only and no product. So, kindly assure us that your project is just not an idea and it already has any working products or practical use cases?

Monty Metzeger, CEO

See defi.LCX.com > the most powerful DEX aggregator in the market

Community Question

Can you explain which one is your top priority???,” Security Product Partnership, or Token price???,”What are those needs that this project will address to the community you are building?

Monty Metzeger, CEO

LCX is a fast moving tech company. We focus on users first. 

Now most profits can be made on an exchange platform. That’s why all projects lead to push LCX Exchange. Secret Project, Tiamonds, NFTs and Tokenization …. all lead to more traction of LCX Exchange. We want to win the exchange game! 

For the long-term everything will be tokenized and we want to lead this change. We don’t believe in local solutions, e.g. French companies tokenizing shares for French users… Web 3.0 is global and we aim for global solutions. 

To lead the STO and tokenization market, we are building the infrastructure day by day. Liechtenstein Protocol, Polkadot collaboration, Hedera Hashgraph partnership, Tokenization projects, STO’s etc etc

Community Question

@montymetzger  You need to get on YouTube with CryptoZombie and Lark Davis.  Lark talked about LCX last summer before many even knew about it.  These are big YouTube people with hundreds of thousands of subscribers.

I also DM you about this with no response.  Let’s get the ball rolling on this.

@Eike1999  @dipzter @king_LCX  Daniel

Monty Metzeger, CEO

Lark Davis features us already, he is following LCX closely. And I appreciate his work a lot, he is not doing any paid advertising or partnership!

Community Question

Any Sneak Peek from the app? @montymetzger

Monty Metzeger, CEO

Of course, But not today.

Community Question

Why does KYC take so long to verify? Interested

Monty Metzeger, CEO

I heard that it took weeks at Coinbase while they had been growing. In the past 3 weeks we got 300% more user sign ups. Growing

Community Question

Every new investor would want a profit or benefit from a project. Can you tell us what benefits or benefits we get from your project?Every new investor would want a profit or benefit from a project. Can you tell us what benefits or benefits we get from your project?

Monty Metzeger, CEO

You can join the winning team, or watch others succeed. Join the LCX family 🚀🤟

Community Question

What role does the wef play for LCX?

Monty Metzeger, CEO

Playing with the big boys. https://www.businesswire.com/news/home/20190115005477/en/LCX-Joins-World-Economic-Forum-WEF-Centre-for-the-Fourth-Industrial-Revolution

I have been involved at the WEF since 2006 with my previous companies. Endless opportunities

Community Question

Does your project comply with the laws of all the state regulations on which it is being grounded? and does your project have a legal team that handles all legal compliance?

Monty Metzeger, CEO

Yes, full time legal team and compliance team. We gained 8 regulatory approvals in Liechtenstein, more than any other company in the country. https://www.coindesk.com/business/2021/01/05/lcx-exchange-gets-licensed-in-liechtenstein-to-help-banks-create-their-own-digital-assets/

Community Question

Right now the problem is that most people evaluate projects based on the value of their tokens, not the technology/features the project has. How can the Formation Founder add educational value to his investors so that more people understand the value of the LCX project than the price?

Monty Metzeger, CEO

We grow day by day – more people are getting aware of LCX! Share the news

Community Question

Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this? If not can you tell us, What makes LCX project different from your competitors projects?

Monty Metzeger, CEO

Just look at this 👇

In Q1 👀 we underpromise and overdeliver

Community Question

Can you explain which one is your top priority???,” Security Product Partnership, or Token price???,”

What are those needs that this project will address to the community you are building?

Monty Metzeger, CEO

Creating Value for our users! We love our $LCX community

Community Question

What is the ultimate vision that Your project is trying to achieve within the cryptocurrencies market?

Monty Metzeger, CEO

Goldman Who?

Community Question

How can a NEWBIE like me understand the  platform so easily? Can beginners with little cryptographic knowledge be able to successfully Use, trust & invest in your platform?

Monty Metzeger, CEO

We are here to help. Just sign up at accounts.LCX.com

Community Question

From where you get the project name? What does it mean to you? And why did you choose this name for your project? What is your mission and vision to build this project? What do you want to achieve in future?

Monty Metzeger, CEO

LCX = Liechtenstein Cryptoassets Exchange. We own LCX.com and twitter.com/lcx etc. > building a major brand

Community Question

Can you tell us more on QMM delay? A Date maybe?

Monty Metzeger, CEO

With Quantitative Market Making we are entering a blue ocean, it’s the solution most platforms are dreaming about. Combining the benefits of AMM and a centralized exchange. We will never launch a product that is not ready for our users. it needs to be perfect. We’ll keep you updated

Special Announcement for closing our AMA! – 

Thanks for this fantastic AMA! 

Onwards and Upwards!

You know the beat. – https://www.youtube.com/watch?v=POG68-SXIsY

Talk to you soon and happy trading at exchange.LCX.com !

Community Host : 

The AMA session with Monty has finally come to an end.

We’re greatly astounded to have a well-enunciated AMA session with the CEO 

Also, we are indeed overwhelmed by all our esteemed community members, for your support and vitality towards the project.

For more information and to be part of the project, you may visit the website via: https://www.lcx.com/insights/

Thanks to all of you! The $LCX Community is amazing!

Note: – The winners for the communicty AMA reward contest have been announced. Please click here to know the results.

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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