guide.
Updated Q/A List
1. What is meeting with Daomaker about? That’s a pretty big deal, no?
Huge meeting. We’re exploring all options for collaboration right now. They have over 300k KYC investors. They have their launchpad that would very valuable to launching LGCY projects and they’re also an incubator. They’re very well connected as they’re one of the top Launchpad in the space.
2. Once the fork is done are we going to have our Cifi pairs right away or whats the Eta on those ?
We need to talk to their team more about exact pairs but we are still committed to providing them with a big chunk of liquidity there for both USDL and LGXY.
3. Will we be able to trade USDL on Ethereum? Will there be USDL liquidity on eth?
USDL liquidity will be on ethereum as it’s the most used.
4. Given that we now know Pendulum is a GB, will we be able to see all GBs when lgcyscan is back up? If not, do we know when all GBs can be viewed or when they will all be fully setup?
All GB’s will be visible when lgcyscan is up both on the chain as well as a dedicated space for each of them on the site.
5. When can we access the new lgcyscan site?
We will get a hard date on that one week from now. We have a lot of drop before then.
6. XSwap Protocol - Will it be ERC20 or LRC20? When can we buy LGXY on XSwap?
For now, it will have to be from ERC20.
7. Does the team have a number of how much they gave to Hotbit?
Hotbit was paid for with USDT and we provided about 25k in LGCY used for liquidity.
8. Swap: does this include the bridging from lrc20 to erc20 as well? or just a swap on erc20?
The swap will specifically be a bridge from erc20 LGCY to erc20 LGXY. From there, a bridge between erc20 LGXY and erc20 LGXY will be out once that swap is closed.
9. Why does the [swap] announcement say After much debate? What was the debate about?
An exchange wanted to take an opportunity to renegotiate terms for the new token, which we didn’t agree with but we got through it.
10. Any news on usdl revamp?
USDL revamp won’t be in name as that would cause too much issues with hardcoding. USDL revamp will be in the form of its uses. It will always be gas but we’re exploring staking/farming and other DEFI opportunities.
We’ll be combining LGCY Legends and the USDL whale group as one. So you’ll have VIP opportunities by purchasing and staking USDL or if you’re a legend, you’ll be grandfathered in without the need to stake.
11. Will lgxy be multichain? If so, will the price on all the blockchains kept equal?
LGXY will be multi-chain. Prices always get leveled out on their own due to arbitrage opportunities. Same way different exchanges have different prices. If it’s a big enough gap, someone or a bot will take advantage of the opportunity.
12. If there will be a new roadmap of lgxy, once the swapping take place
We are already working on it. Won’t have dates but it will give everyone an idea of we’re at and where we’re headed as a project.
13. How many wallets are estimated to be on lgcyscan?
As far as emails go, around 400. Wallets numbers don’t represent LRC20 holders as completely as a lot of them were from tests wallets.
14. Will they be dropping [LRC] on Bitget Wallet?
No unless someone has a connect with them.
15. Why he [Justin] always like to release information over the weekend ?
The week is very busy and the weekend is when some teams take a break and we get to update on the latest.
16. Do yall employ any software engineers at the moment?
Yes and we’re not looking any more.
17. Can we get a confirm message by lgcymen that he Noted our otc dm?
At least he could confirm here all the user name that already dm him for otc .. is easier that way.
We’ll make a separate article for the otc swap. You’ll need to send old LGCY to a burn address and send us the txID and we will only send the new LGXY to the same address. This is very important to avoid scammers and confusion.
18. Marketing was announced to have started.
this part confuses me on #8: "From there, a bridge between erc20 LGXY and erc20 LGXY will be out once that swap is closed." does this mean a bridge specifically for lrc20 lgxy to erc20 lgxy will only happen after the 2 months swap transition period from lgcy to lgxy on erc20?
3. If usdl liquidity will be on eth. What about the lrc usdl ?
Need some cex integrations of lrc20 first, erc20 is easy.
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