Dear LCX community,
On April 4th, 2023, 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 platforms, our objectives, 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
Let’s welcome @montymetzger to this month’s AMA?
Monty Metzger, CEO
Welcome LCX Community. My name is Monty Metzger, I am CEO & Founder of LCX.
I’m excited to be here today for this AMA session to answer any questions you might have about LCX, the future of tokenization, our crypto exchange, token sales, or anything else you’d like to discuss. With our recent product launches, partnerships, and industry advancements, there’s a lot to talk about.
So go ahead and ask me anything! I’ll do my best to provide thoughtful and informative answers to your questions. Let’s dive in!
Community Host
Let’s get started guys?
Monty Metzger, CEO
Hope you are all as excited as I am
Community Host
Thrilled to have you onboard once again Monty?
Community Host
@montymetzger There have been so many talks about tokenized bonds, and it’d be nice if we started there from the community.
Community Host
So, I’m gonna start with a 2in1 question ?
Community Host
Why did LCX expand tokenized bonds to BTC, ETH, and LCX? Also, in the EURt7 whitepaper, in Section 2.2, Risks of EURt7 tokens (subsequent Borrowing), who has classified the severity of the risks involved in each category? Has this been done by @lcx or an external source?
Monty Metzger, CEO
We shared the story about LCX Earn in our recent blog post: https://www.lcx.com/breaking-boundaries-launching-lcx-earn-for-eth-btc-and-lcx-token/
Our vision for LCX Earn was to provide European investors with a secure, high-yield, and transparent platform for investing in tokenized bonds. In 2021, we spent months strategizing and preparing, eventually filing the initial prospectus in February 2022. The regulatory approval process was costly and lengthy, but it was a critical step in demonstrating our commitment to compliance and establishing trust with our potential investors.
In February 2023, we finally received approval for our basic prospectus. This marked a significant milestone for LCX Earn and allowed us to launch the EURt7 Bond in March 2023. Encouraged by the positive feedback from investors, we continued to push the boundaries, securing the necessary approvals for three additional prospectuses for BTCt7, ETHt7, and LCXt7 tokenized bonds.
Community Host
Great??
Monty Metzger, CEO
We are excited to offer this fixed-yield-earning product. LCX Earn is the framework for many crypto assets. We started with EUR but expanded the tokenized bonds to BTC, ETH, and LCX tokens to address the growing demand for innovative and secure investment products in the cryptocurrency market.
By offering tokenized bonds for these major cryptocurrencies, LCX is providing investors with more options to diversify their portfolios and benefit from the potential growth of digital assets. This expansion also showcases LCX’s commitment to driving innovation in the blockchain and crypto space, as it combines the best of traditional finance and modern digital assets, offering a unique investment opportunity.
Monty Metzger, CEO
The journey to launching LCX Earn was filled with challenges, but our dedication to transparency, compliance, and innovation has paid off.
Community Host
Indeed yes!??Awesome development ?
Community Host
That’s really big for LCX !
Monty Metzger, CEO
Why does this matter?
There is a huge demand for yield-earning products. We have seen this with BlockFi and Celscius, but also for many staking offerings. LCX Earn is our answer to this. But we are leading the industry in terms of regulatory setup. This is the first time ever, worldwide, that a company has launched a yield-earning product for Bitcoin, Ethereum, Euro and the LCX Token based on an approved security prospectus.
Community Host
That’s really awesome, Monty. ?I will send next Question now from the Community ?
Community Host
How will the LCX exchange platform utilize the money earned from the tokenized bonds? Also a big question from our community members. ?
Monty Metzger, CEO
Today is a historic day. An end of an era. Today was the last Annual Shareholder Meeting of Credit Suisse after 167 years. And an end is also always a new beginning. Will I see you at our AMA in 167 years in our holographic chat room?
Community Host
Ha ha ???
Monty Metzger, CEO
First of all, this is a fixed yield product for retail investors in Europe. 30 countries with more than 400 million potential clients. The offering is limited. E.g. The EURt7 is limited to a maximum of 10,000 investors. As a fixed-yield bond offering, LCX AG will pay a fixed annual yield of 7% on your BTC, ETH, EUR, and LCX tokens. In total, the tokenized bond placement has a volume of approx. 40 Million USD.
Community Host
Great and still on tokenized bond. Will the $lcx token be part of the entire future ecosystem including asset tokenization(PNFTs) of maybe precious metals, stocks, bonds, and more?
Monty Metzger, CEO
We described all the details in the announcement. But in short, the funds will be used to grow the LCX platform. Funds will be used for liquidity at the exchange, in a liquidity pool that generates good fees and growth investments for the LCX Ecosystem. For our clients, LCX Earn is a safe and reliable investment.
Community Host
Big for the $LCX ecosystem ??
Monty Metzger, CEO
Probably not as exciting as Dogecoin or other meme-coins out there, but something the industry and our users demanded.
Monty Metzger, CEO
Celcius had more than 600,000 customers and a billion dollars under management.
Community Host
Huge?
Monty Metzger, CEO
Depending on the source, some even say 1.7 Million customers and 4.7 billion $ in assets.
Monty Metzger, CEO
In any way, this shows the huge demand. But instead of doing this off-shore or in a grey-zone, we have spent almost 2 years creating a legal solution to provide this to our users in a safe and compliant manner.
Monty Metzger, CEO
As more and more players get targeted because they ignored regulation, LCX will gain in reach and strength as we balance innovation and regulation.
Community Host
The Legal Way ?
Community Host
That’s the beauty our competitors can’t take away from us??
Community Host
Is there any significance to the planets assigned to each bond?
Monty Metzger, CEO
We wanted to take our users on a journey to explore the universe of tokenized investments. Each tokenized bond is represented by a planet, which signifies the distinctive attributes of each asset. This innovative approach to investment represents a pioneering application of blockchain technology, ultimately providing investors with unparalleled investment opportunities.
Monty Metzger, CEO
EURt7 – Moon represents stability and reliability, reminiscent of the Euro, a widely-used and well-established fiat currency. As a stable asset, EURt7 offers investors a secure and reliable option for investment.
Monty Metzger, CEO
BTCt7 – Jupiter symbolizes growth, expansion, and vibrancy, much like Bitcoin’s pioneering role in the world of digital assets. Denominated in Bitcoin, BTCt7 provides investors with an opportunity to capitalize on the ever-growing crypto market and seize investment opportunities.
Monty Metzger, CEO
ETHt7 – Mercury represents speed and agility, reflecting Ethereum’s versatile and fast-evolving blockchain platform. Denominated in Ethereum, ETHt7 provides investors with exposure to a dynamic and rapidly developing cryptocurrency.
Monty Metzger, CEO
LCXt7 – Neptune signifies the innovative and groundbreaking nature of the LCX Token. LCX Token, LCXt7, offers investors a unique opportunity to participate in the growth and future of the LCX ecosystem while harnessing the potential of tokenized subordinated notes.
Community Host
Moving away from the tokenized bond, will LCX be listed on any future exchanges? There’s a lot of talk around tokenization; has LCX partnered with any major companies, ie JP Morgan, Citi, or Blackrock?
Monty Metzger, CEO
Ready to conquer many more planets ?
Community Host
Thanks for the Infos Monty ?
Monty Metzger, CEO
Btw, this is a spontaneous idea, as we all like this logo animation. In the next AMA, I will give away 10,000 LCX tokens to the best 4 LCX-related animations, logo animation, text animation, or AI-generated images. 4’000 for the winning image and 2’000 for places 2, 3 and 4.
Are you ready to be creative? Let’s get this started.
Monty Metzger, CEO
Just share all your ideas and suggestions here in the coming weeks. We will pick the best ones until the next AMA.
Community Host
That’s awesome for our Community ?
Community Host
Wow, this is gonna be huge???
Community Host
@montymetzger this one is the next question?
Community Host
$LCX community would appreciate this and thanks in anticipation of the reward?
Monty Metzger, CEO
For LCX, partners play a crucial role in driving growth, fostering innovation, and enhancing overall business value. We keep a balance between the slow-moving but powerful partners and the fast-moving entrepreneurs and startups. Additional listings are always important for our community – I cannot comment on this. For now – we are proud to be listed at Coinbase and Kraken. Currently, we also do see the benefits and the long-term impact of the LCX token being an exchange-based token. More and more are using LCX tokens to pay their fees on the platform. Either to pay trading fees or to join the token sales.
Community Host
That’s very nice for LCX growth ?
Monty Metzger, CEO
Plus – we do see more traction for trading pairs with LCX as the quote pair. You can trade all crypto assets at LCX Exchange against the LCX token. This gives big opportunities for professional traders who are looking for arbitrage for example
Community Host
Very nice Monty thanks for the answers ?
Community Host
How do you plan on pushing the @lcx exchange, to get some volume on the trading pairs?
Monty Metzger, CEO
LCX Exchange is at the core of our platform. But the fastest growth comes from new token sales. The quality of the new token projects lined up is incredible. The impact will drive growth at LCX with hundreds of thousands of new users and exclusive listings at LCX Exchange first.
Community Host
Awesome, this should bring more liquidity ?
Monty Metzger, CEO
This April – is also a very special month for LCX
Monty Metzger, CEO
LCX AG was incorporated 5 years ago, in April 2018.
Community Host
???
Community Host
I will keep going with the next 2 Questions ??
Monty Metzger, CEO
So it is time to celebrate – Happy 5th Anniversary to LCX! ?
For half a decade, we’ve been dedicated to innovation and development in the blockchain and crypto spaces. Thank you to our amazing team, partners, and community for supporting us on this incredible journey! ?
These 5 years, we have been heads down in building the needed infrastructure. Until recently, we only had a small marketing team, no marketing budget, and no business development. It was all tech development, legal, and our community. This has already changed. And the next 5 years will be about reaching the universe, growing, and building a global brand.
Community Host
We are ready for the Future Monty ??
Community Host
- What is the next big update with respect to upgrades to the exchange platform?
- Will new diamond nfts #tiamonds be introduced to the marketplace? Or perhaps a new asset like gold? #NFT #LCX
Community Host
We are ready for the Future Monty ??
Community Host
Another 2in1??
Monty Metzger, CEO
Two big topics.
Community Host
Indeed?
Community Host
Guys, please get ready with your questions?
Monty Metzger, CEO
At LCX Exchange, we believe in continuous improvement! ? We’re committed to delivering constant, daily, and weekly enhancements to our platform, ensuring you always have the best trading experience possible. Here’s what you can expect:
– Enhanced Trading Engine: Faster, more reliable, and capable of handling even higher trading volumes. Regular performance optimizations.
– Frequent UI/UX updates to provide a seamless and intuitive trading experience.
– New features to improve the user experience and make trading even more accessible.
– Enhanced mobile app for iOS and Android, ensuring a seamless experience across devices.
Community Host
Slow but steady with a promising future ??
Community Host
Awesome?Great, this is the key?
Monty Metzger, CEO
On Twitter, we changed our profile bio to better summarize what LCX is – see https://twitter.com/lcx: Next-generation crypto exchange. Regulated. Trusted. Liechtenstein. Launchpad for the best new tokens. Tokenized Bonds to earn yield on $BTC $ETH $EUR & $LCX.
Monty Metzger, CEO
Now for the second question.
Community Host
We can’t wait to hear from you?
Monty Metzger, CEO
Tiamonds is entering its next stage of development. We plan a big launch event and relaunch. The next big drop of real-world diamond NFT has many special features and extra benefits for the LCX community and $TIA token.
Community Host
Huge?
Monty Metzger, CEO
For Tiamonds, a milestone date was 03.03.2023. This was the date when we incorporated a new company – Tiamonds AG. For all newbies to our community. I recommend reading our Tiamonds Whitepaper https://tiamonds.com/static/media/Tiamonds_White_Paper_3.ad90f77c.pdf and also visiting https://tiamonds.com/about.
Community Host
Big and huge?
Community Host
Something big coming ??
Monty Metzger, CEO
Tiamonds will redefine Diamonds as an investment class. Easy to buy, hold, and trade. Liquid and global markets, price transparency, and global trade.
Community Host
Guys, get set with your questions ?
Community
If Tiamonds AG is a new company but LCX AG has the license as a physical validator, is Tiamonds AG allowed to use the license of LCX AG? What is the legal clarification? ?
Monty Metzger, CEO
LCX AG is the trusted technology service provider for many new token projects and also for Tiamonds. Trusted technology service provider is the term used in the blockchain act Liechtenstein
Monty Metzger, CEO
One important question was missing from all of you.
Monty Metzger, CEO
LCX has partnered with a global TV show. The “shark tank” for crypto called “The Next Crypto Gem”. The show will be accessible to viewers in 55 countries through Insight TV’s global network of 178 platforms. LCX is a key partner and will list the winning project at LCX Exchange. Filming of the TV show has started in studios in Los Angeles.
Here are some take aways from one of the judges https://twitter.com/CryptosR_Us
https://twitter.com/CryptosR_Us/status/1643040273419878400 and some photos from the set: https://twitter.com/BrianDEvans/status/1642550436300468224.
Monty Metzger, CEO
Let’s talk about Token Sales at LCX and the future roadmap to close this AMA
Community
Awesome and thanks for the input. ?
Monty Metzger, CEO
At LCX, we understand the significance of new token sales, ICOs, and Airdrops in the evolving landscape of digital assets. We’re proud to offer a fully compliant token issuance solution that encompasses all legal and technological aspects, from smart contract development, token sale legal documents, registration with regulators, investor onboarding, KYC, and VIP investor support. Our platform ensures a seamless experience for both private and public token sales, providing secret access codes for private sales and a strong community push for public sales.
Community Host
Before we close, it is good you talk about talk token sales in detail ?
Monty Metzger, CEO
We are beyond excited to share with you that the quality of new token sale projects in our lineup is truly outstanding. We have partnered with some of the most innovative and promising projects in the blockchain space.
Monty Metzger, CEO
Among these are next-generation blockchain gaming projects that aim to reach impressive growth with millions of users in their first phase, offering immersive gaming experiences and fostering a thriving ecosystem. Additionally, we’re working with incredible Layer 1 projects that deliver competitive Layer 1 blockchain and its native tokens, further pushing the boundaries of what’s possible in the blockchain landscape.
Monty Metzger, CEO
All of these exclusive projects will be launched on the LCX Launchpad, providing our community with unparalleled access to these cutting-edge token sales. LCX will handle the notification of the token sale at the regulator and publish the necessary legal documents to run this token sale – the legal way. We’re thrilled to support these game-changing new crypto projects and bring them to you, our LCX community. These are signed and confirmed, and announcements will follow.
Community
That’s huge for LCX and for our growth. ? more eyes on LCX !! ??
Community
That’s going to be huge???
Steady ?
Monty Metzger, CEO
Yes – and we do not stop here.
Today, I’m thrilled to announce two exciting features for our dedicated LCX community.
First, we are launching a new community initiative called the LCX Gemhunter Community. This initiative is designed to foster increased engagement and collaboration with our community members for each new ICO project launched on LCX.
As a part of the Gemhunter Community, you will have access to exclusive airdrops, special rewards, and other giveaways, all reserved for our most active and supportive community members. This is our way of acknowledging and appreciating your passion and commitment to the growth and success of both LCX and the ICO projects we support.
We believe that a strong and vibrant community is essential to the success of any blockchain project, and the LCX Gemhunter Community is our way of further empowering and rewarding you, our valued members. Stay tuned for more details on how you can join and participate in this exciting new initiative!
Monty Metzger, CEO
Second …
The second feature we’re excited to introduce is “LCX Early Access,” a fantastic opportunity for our interested community members and investors to participate in ICOs and token sales with special conditions and ahead of the general public. We understand the immense demand for high-quality blockchain projects, and we’ve seen thousands of applications for the limited seats available.
Community
Great development ??
Monty Metzger, CEO
To streamline this process and ensure fairness, we’re launching a waitlist feature for the LCX Early Access program. By joining the waitlist, you’ll have the chance to secure priority access to upcoming ICOs and token sales on the LCX platform. This ensures you don’t miss out on the unique opportunities offered by the innovative projects we carefully select and partner with.
Stay tuned for more information on how to join the LCX Early Access waitlist and be among the first to benefit from these exclusive investment opportunities.
And last but not least. We do get many questions about how to do fundraising for a blockchain project and what the options are to do an ICO or token sale in today’s market.
Community
Interesting!!!
Monty Metzger, CEO
That’s why I’m excited to announce and invite our incredible community to join our upcoming special Masterclass: “How to Raise Millions in an Initial Token Offering – the Legal Way?” The LCX Token Sale Masterclass is an all-encompassing educational program designed for crypto entrepreneurs, blockchain projects, and fintech startups seeking expert guidance on conducting compliant and legal initial token sales (ICO, IEO, airdrops).
Dive into the world of ICOs and token sales with our in-depth introduction; explore best practices with this Masterclass; hear from the CEO and Founder of a successful token sale project; get insights from our legal counsel; and engage in a Q&A session with the audience. Don’t miss this unique opportunity to gain valuable insights and ask all your burning questions!
Monty Metzger, CEO
Share this with the best projects that are planning a new token.
Monty Metzger, CEO
Here is the signup link: https://www.eventbrite.com/e/token-sale-masterclass-tickets-601229041247
Community
Very Nice let’s share it out there.??
Community
Share guys???
Community
Thank y’all for your support guys?
Monty Metzger, CEO
Thank you all for joining this AMA!
Monty Metzger, CEO
Onwards and Upwards!
Community Host
We have finally come to an end?
Community Host
Thanks for your time.
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 toward 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!
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The information provided in our posts or blogs are for educational and informative purposes only. We do not guarantee the accuracy, completeness or suitability of the information. We do not provide financial or investment advice. Readers should always seek professional advice before making any financial or investment decisions based on the information provided in our content. We will not be held responsible for any losses, damages or consequences that may arise from relying on the information provided in our content.