The first 100 days. The analogy had been used to measure the effectiveness of newly elected presidents in their first legislativ period and also to present their post inaugural strategies.
In Q1-2021, we did the same at LCX.com. First we published our product roadmap and then we started our #100DaysLCX growth campaign (Article: TheBlockCrypto).
In my last company update I spoke about Driving Value Creation and how we empower our community. Today it’s about creating impact.
At LCX we believe in the potential blockchain holds to ignite global economic reform and financial inclusion. LCX built the key infrastructure for the fast growing market of digital assets and the emerging token economy. We bridge the old traditional world, by investing in regulation and compliance while fostering innovative technologies. LCX received 8 Blockchain registrations from the Financial Market Authority, more than any other company in Liechtenstein and we launched LCX Exchange. LCX Exchange is a regulated and secure trading platform for cryptocurrencies.
Today, I am excited to share insights on what we have achieved in the first quarter 2021 and why our #100DaysLCX campaign matters. It feels like in the crypto industry time zone, 100 days are a full year.
The First 100 Days
#100DaysLCX is a growth campaign to increase traction, reach and usage of LCX Exchange. We’ll have started on March 22nd 2021. Since then we have been posting at least one, often several announcements every day. Today is day 11, so we are just getting started.
For us the 100 days is all about growing our community, launching several big and exciting projects and celebrating new partnerships. We want to show our commitment to continue strengthening our position as a new category leader in the blockchain industry. And we want to make a powerful first impression with LCX Exchange.
Establishing LCX Exchange as the Next Generation Crypto Exchange
Every time I spoke with TM Lee (CEO) and Bobby Ong (COO) I was impressed with their ambition to build a neutral, unbiased and independent platform. For me it’s no question, CoinGecko is the clear market leader and the world’s biggest cryptocurrency data aggregation platform. We are humbled that LCX Exchange is also listed at Coingecko now, to strengthen our positions as one of the most trusted and fully compliant Crypto Exchanges in the crypto market.
At LCX Exchange we are now growing fast, thousands of new users everyday, increasing liquidity and adding the most demanded digital assets step by step. We have listed Uniswap $UNI, Chainlink $LINK and Enjin $ENJ in the first few days of our #100DaysLCX campaign.
Important Partnerships for Growth
First, we announced Monerium as our new partner. Monerium has chosen LCX as its first partner and client to showcase their on-chain Digital Euro to the public. With Monerium we will be launching Tokenized Digital Money and implementing regulated fiat money, a digital Euro issued by Monerium, at the LCX.com Ecosystem.
Second, we announced that Constellation Network chose LCX as Partner. The partnership is combining our compliant and regulatory setup with the scalable blockchain solutions by Constellation Network. Constellation Network, the company behind $DAG and $LTX, chose LCX to take their platform to the next level and to cater the needs of their users. “LCX is leading the way to mainstream adoption of cryptocurrency by providing the support needed for institutional traders and blockchain technology”, said Benjamin Jorgensen, Co-Founder and CEO at Constellation Network.
Enabling other Crypto Projects to Launch Their Token
LCX is enabling compliant token sales and token issuance. LCX acts as a regulated and registered Token Issuer on behalf of blockchain projects. We are a registered Identity Service Provider conducting all KYC, KYT, AML, and CTF checks. To achieve this we have launched our Token Sale Manager Platform and a Venture Program to fund and support projects.
Infrastructure for the Future of Finance
We announced the Liechtenstein Protocol and published the technical whitepaper. The Liechtenstein Protocol is a new standard for digital securities enabling on-chain and on-token-level compliance.
Continue Investing in Crypto Compliance
LCX has hired an additional Compliance Officer in Liechtenstein to guide our compliance team while supporting our communication with regulators. Our compliance and KYC team has previously worked at Julius Baer Bank, Bank of America, Royal Bank of Scotland and crypto companies like XAPO and Crypto Broker. In addition we continued to expand our compliance activities. Joining the OpenVASP Association as a member was another step in this direction. LCX had been joining the association alongside SEBA Bank, Bitcoin Suisse, Tezos Foundation, web3 Foundation (Polkadot) and others.
Eat. Sleep. Code. Repeat.
Our development team is growing. We hired several very talented and experienced blockchain developers who have the knowledge to build a platform that can scale. We announced a product update, where the largest update was not even visible. We did a major update in our backend administration interface to improve processes and customer service experience. But we also further improved our performance of our platform and our LCX Matching Engine.
We Are Family.
In Q4 last year we started a large hiring campaign. We doubled our team from 10 to 21 people. Building a sustainable and healthy company is not only about hiring fast, but even more about hiring the right people and building a company culture that shares our vision. Establishing a mindset for growth and collective spirit. We work hard, fight for each other and grow together.
We are the LCX family and our priority are our users, our $LCX community.
We want to honor the great visionaries, entrepreneurs, change-makers and influencers driving the industry forward, re-inventing financial markets and disrupting the monetary system as we know it. That’s why we launched the Leading Change campaign. In this campaign we are honoring the crypto innovators and blockchain leaders. All of these innovators have one thing in common; they have embraced technology as a tool to change the world for the better. These industry leaders have a well balanced approach, working with regulators, combining the old and the new world, while pushing the limits of what is possible.
89 Exciting Days ahead of us for our #100DaysLCX campaign. But most importantly many successful and exciting years and decades ahead of us – building a powerful ecosystem and a profitable company one step at a time.
Written by Monty C. M. Metzger – @montymetzger,
CEO and Executive Chairman at LCX.com – @LCX
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.
LCX AG is a company found in 2018 and registered in Liechtenstein No. FL-0002.580.678-2. LCX AG is regulated by the Financial Market Authority of Liechtenstein under the registration No. 288159 as a trusted technology service provider.
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