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7Seconds’ One-Pager is Out

Now your can learn the essentials about 7Seconds’ solution and ICO from our one-pager.

https://medium.com/7seconds/7seconds-one-pager-is-out-cfab869fe6f0

Turkish translation reserved

btw will 7seconds using self blockchain ?

reserve for indonesian translation  ;)

Hey there!

We already developing our blockchain-solution, but not new blockchain :).
Not long ago (like one week) we were at QIWI's Blockchain Technologies office (one of the biggest financial services in Russia).

Check it out: https://twitter.com/anantolycherne1/status/1019479814707863554

cool  :) , if using self blockchain platform/coin will have more values, especially if you provide new technology on blockchain

Agreed with you  :).

The project is very unique and I think this project is a broad future and I like it

You have an impressive list of partners. Do you have written agreements with them? I know it's easy to come up with an idea, but it's hard to make an idea real.

Thanks!

After signing an NDA form we can send you some documents and agreements.

Wow.  Another interesting project today.  Wish all the best and success! 

Do you have Bounty program for translation? 

Hey there!

It will be launched soon.

good question @catost
@iilustor yes you need to publish that documents and agreements to all community , im sure if its reall it will give your project more trust from people :)

We understand your wish, but we can't do it due to confidential agreements with our partners.
They contain private information and commercial secrets.

But, still, if you are a big investor and want to be sure about them, just sign NDA and you'll be able to see those agreements :)

Bank Mandarin (http://en.mandarinbank.com/), a large financial institution, has expressed support for 7Seconds' solution.

"We are glad to express our interest in the solution offered by the credit scoring platform 7Seconds," said Mandarin's CEO Maxim Nekrylov. "The share of POS loans in lenders' portfolios is on the rise, and attracting more customers for this kind of loans is important."

According to Nekrylov, the introduction of blockchain into 7Seconds platform will certainly take the solution to a new level.

"Currently, lenders spend substantial funds on credit reports and scoring information regardless of whether they will eventually issue a loan to a specific borrower," he explained. "With 7Seconds' blockchain solution, lenders will only pay for data on the borrower to whom they issue a loan. This will lead to reducing costs and, in turn, to lower interest rates lenders will be able to offer to borrowers."

Bank Mandarin is a digital platform that integrates banks and other financial companies, offering a convenient payment service to its customers. Mandarin also provide an installment payment service.

I hope that by the beginning of token sale the market will become "green". That is, there will be more chances to get more profit.

I am very happy if I can participate in the Indonesian translation. I strongly support the project you created. Good luck.

Thanks a lot for your belief :).
We'll contact you if you'll be chosen, no doubts.

Yep, that would be better, but our strategy developed for "red" market also.

What's the minimum and maximum limits and discounts for investors in both the private and public sales?

Hello there!

Details of the public sale will be published later, but right now you can participate in our private round,
If you want to know more, just drop a mail here: investdept@7seconds.io,
Or text out head of IR directly: https://t.me/AnastasiyaMolochek.

There is no alternative to wider adoption of blockchain solutions in the fintech industry. The recent move by the Bank of England to offer integration and support for fintech companies using blockchain technology comes as another testimony to that.

The British regulator, just like many other government agencies in the country, has been cold towards crypto, but an impressive growth of startups offering blockchain-based fintech solutions apparently prompted it to embrace the technology.

The Bank of England's move could set an example for other institutions in the UK, as well as across the globe. So, we are likely to see more steps towards blockchain adoption in fintech.

https://btcmanager.com/bank-of-england-endorses-blockchain-use-with-revamped-payment-system/

So you are the guys who are just lowering loan rates? Sounds like magic and not real at all

Yep, that's what we are doing.

7Seconds provides a service that determines an optimal combination of the terms and the cost of the loan through solving 3 main problems of banking industry: lack of information about borrower (1), high level of fraud\insufficient information to assess credit risks (2) and the risk of undesired outcomes and possible changes in the creditworthiness of bad borrowers due to either a loss of part of the income or because of an increase in its credit burden (3).

Sounds like Magic, but it's real :),
We have a working solution at that field. It's not what we are like "PLANNING TO DO" or just "PLANNING TO TRY IT" - it's what we already did.
If you want to know how exactly we are doing it, just follow to the third page of our Whitepaper (https://7seconds.io/documents/white-paper.pdf).

Will I be able to receive a loan from you? Or you just somekind of a third person partnership with whom will lower store's loan interest?

Hey there, DoraDoraDora!

Nope, 7Seconds in not giving any loans. And yes - we offer a service.
A service, that determines an optimal combination of the terms and the cost of the loan.

-> Or you just somekind of a third person partnership with whom will lower store's loan interest?
Yep, that's it :).

Oh, okay, thanks for really detailed response. Seems like this project is a promising one, but I'll still check the entire WP and comeback to ask some other questions.

You are welcome!
Feel free to ask anything any time.

Sounds cool but I am not sure will this idea receive some support from retailers or stores, I am why they should cooperate with someone, idk

I think our founders asked themselves many times about that, and - since we ALREADY have like a bunch of partners (I mean real stores, real working web-sites etc.) - dialogue goes not about "will this idea work? will it get support from industry?", but about "how fast 7Seconds is going to scale that technology" - and that's why we need you.
Also, please, check our web-site if you want to see the biggest partners (I'll attach a screenshot of that part here also).

If you want to see full list of partners, please, feel free to PM me (it's really big and contains a lot of links).

https://pp.userapi.com/c844618/v844618035/b6f3b/vy2JwDLGKKo.jpg

It is right. The market is very unpredictable, there is a lot of chaos)) We must be prepared for any development of the situation. I like that you are full of optimism and belief in success. 8)

7Seconds on self-blokchain looks to be interesting. And, of course, saving data in one place is should be convenient to use! So good luck!

And what do you see here interesting? Platforms that are associated with lending on the security of crypto-assets are now represented in large numbers. There is a Russian team here, but there is already a project called Credits. I am not sure that we need so many similar projects.

7Seconds already has a number of partner banks and partner stores which is really good. I saw that they also participated in World Blockchain Roadshow Asia tour to spread the word about their product. It's good to see that they really work to make the ICO a successful one.

Yep, but I guess this situation was in 90% of the total time of cryptocurrency's existence, so it would be really not wise to develop strategy according "green"-only market.

Optimism goes from confidence in our strategy :), but yep - we are full of energy!

Credits is a different project. I mean completely different.
In brief, 7Seconds is a project, which provides a service that will lower your loan rates, while Credits provides a blockchain platform based on the principles of peer-to-peer network, you can do there financial operations, etc. - we are just different projects.

Yep! That's right! :)

Thanks a lot for the kind words!

So why you need an ICO if everything works great with your solution?

As I mentioned earlier, we are conducting ICO in order to scale our technology a lot faster and being more visible at global market. That kind of partnership will help us both (us = platform members and 7Seconds).

If you say that the process for granting credit takes less than 2 minutes why is your project called 7seconds?

Under 2 minutes if you count time using Earth's parameters, but we found systems with planets, where you can do the same operation in 7Seconds. That's why we called 7Seconds.

The 7-second platform is one of the most interesting projects on the market today. Borrowers are bank partners in the ecosystem that immediately lend a loan with the terms and the best interest rates. But to get this loan, borrowers and lenders need to go through a store. So, will the commission issue be more expensive?

Hey there!
I am not sure I got what you mean. Can you clarify, please, which exactly comission are we talking about?

If you mean 7Seconds' comission, which is the main source of revenue - that comission is much lower than user's profit compared to the same purchase made without 7Seconds, so that comission won't mess our idea.

ahahah, that's a nice parry bro  ;D ;D

Why you need blockchain in your project, I mean why you need it? why you need to decentralize it? everything should work well withouyt it too I guess, I am not an expert thouh

Hi everyone! Just added this incredible ICO to my website   https://findico.io/ico/7seconds   Findico.io - ICO rating, listing, and calendar with details on top ICOs from various industries. Learn more about ICO funding, whitepaper, dates, teams, and roadmaps.Findico mission is to make it easy for users to find the best ICOs to join. We strive to provide useful and transparent information on ICOs, helping users find projects that have a great potential for success.

An immutable decentralized system can solve such issues as conflicting data from various sources and massive requests from different organizations for a single credit transaction. The absence of a single administration center makes blockchain suitable for carrying out reliable outsourcing assessment (scoring), based on information obtained from various sources.

Thanks, guys!

That blockchain-solution, which was announced, will be created to solve exactly specific tasks. It's not like second Ethereum, nope.
Moreover, we'll be creating our own blockchain with a help of one of the biggest CIS (And Russian too) companies. I can't tell you more about it right now, but we will for sure as soon as it possible.

Come join us at Telegram (https://t.me/sevenseconds_io) and you'll be among first who decided to support 7Seconds on it's journey :).

India translation reserved

What kind of token you got? Utility?
If so, what we can do with it?

I like such ideas from projects. I hope they will succeed. We will observe

Will the market fall affect the dates of your ICO?  I see many people are shifting ICO dates for better times when the market is growing green again . I think that's a good idea

I can’t find their roadmap.. I do want to see, when was the start of the platform.. That what was in the beginning of their development! I like to watch how successful platforms develop!

Hi!

7Seconds’ CRET tokens can be used for:
Risk Management Program:
- to reward borrowers who have meet all requirements of Risk Management Program;
- to compensate lenders' uncertainty risk.
Payments:
- borrowers can repay loans;
- borrowers can pay for goods at partner shops.
Data analysis:
- lenders can pay for data analysis and scoring.

Thanks a lot for your support!
 :)

Nope, it will not.
Private round is going to start at the middle of the August, and it will be enough to close the biggest part of funds needed.
Regarding public round: dates will be announced later, and just as I mentioned before - our strategy includes a bad scenario for market also (a.k.a. "red" market), so there's no need to be worried about it :).

Hey!

You can see our roadmap at the first post of the first page of this thread.
Also, you can find it here: https://7seconds.io/#road-map

What will happen to unsold tokens during the ICO?

Hey!

Unsold tokens will not be generated. The exact number of generated tokens will depend on the amount of money raised in the ICO.

What about KYC btw?

Lending is the one of the most heavily regulated fields, and we want to makr sure it's fully comply with KYC requirements.

Simon (https://twitter.com/SimonCocking) is Chief Editor at Irish Tech News (https://irishtechnews.ie/), CryptoCoinNews  (https://cryptocoin.news/) and InvestInIT (https://www.investitin.com/) - with over 1.5 million+ combined unique monthly views and growing. He is the top ranked member of the ‘People of Blockchain (https://icobench.com/people)’ (spending 3 months at #1 on Q1 of 2018 out of 32,256 people, & returned to #1 spot for June/July).

He is also a business mentor and advisor working with 130+ successful ICOs to date. He has also been named many global Twitter influencer lists in the last 12 months.

He is an accomplished public speaker (https://www.slideshare.net/SimonCocking) at events including TEDx, Web Summit, and overseas in Amsterdam, Dubai, Kiev, Singapore, Moscow, Tel Aviv, Madrid, Tbilisi, Riga, Porto, Dublin and Helsinki in the last 12 months.

He has been based in Ireland for over 22 years and has cofounded or founded seven successful companies.

Is he familiar with lending, banking industry and so on?

Yep, he is!
And that's because he is an heavily experienced entrepreneur, also Simon Cocking was a Chief editor at web-site connected with investments and similar stuff, and as you know - investments is highly connected with banking industry, loan rates and so on.

He will help us a lot, there's no doubts about it :).

Hey guys, tried to enlist myself in a waitlist but i am not sure if its worked. Can you.check this?

Hello!

It's not working right now, we are fixing it at this moment.

This week, 7Seconds founders Alexei Chalenko (https://twitter.com/alchalenko) and Anatoly Chernenko (https://twitter.com/anantolycherne1) had consultations on blockchain with Christohpe Ozcan (https://twitter.com/ChristopheOzcan), a renowned blockchain speaker CEO and co-founder of Crypto4all (https://crypto4all.com/), an engineering and consulting company specializing in DLT technology and offering consulting services, training and payment solution.

Thats quuite good info cause we dont nneed another shitty blockchain with no use
Hope this will work for you guys

Hi!

We don't want to create useless blockchain just for ICO and stuff. We will cooperate with top CIS and Russian  companies in order to create stable and valuable blockchain platform for 7Seconds.

Moreover, if we want to scale 7Seconds worlwide, blockchain - is just what we need.

Sounds pretty good and logical
I'll keep an eye on your project

Thanks for your belief  :).

this  is first coin that have thier own block chain and have good placed in decenertlized globl cradiet in market place.

hard to believe that people in your listing chart is not looking perfasnoal and if so then you have written authority for them?

Hello there!

I am not sure I got what you mean.
Can you, please, clarify your question?

do you use an escrow wallet for your ico? a lot of scam projects this year, and escrow wallets can make investors believe in ico again

The project has a great partner, which consists of main partners, main partner banks, and main partner stores. I feel amazed by these 7 seconds. seeing from the roadmap is also very promising. I look forward to further information on the progress of this project. and good luck for team developers !!

We are using smart contract and multi-signature wallet. Moreover, only our founders have access to that wallet.
Security - above all else  :).

Thanks a lot for your support!

For my personally, this is an interesting concept, through this project we could get a lending from may offer, and we could choose the best suit for our need from many available offers.

All right, I support your opinion. By the way, the name of the project is excellent - intriguing and memorable. And causes the desire to learn about the project in more detail)))

Yep, you are right, this is exactly what we are doing.

With 7seconds will it take much time or many actions to integrate this system in my online store?

Hey there, Rachel!

It won't take too much time. We want to be 7Seconds available for every store and every shop, and one of the main depeloping objectives was creating simple integration.
What I am trying to say, that simple integration - was a separate task, which we managed to complete :).

That looks great, I think I will participate in your ICO and try to use your system if its already available for installation
Thanks for reply

Happy to hear that you like it!

You are welcome!

the fact that so many big mainstream names are listed as your partners makes me believe this ico is going to be huge. the team is also impressive. i will look for this project and what ratings you'll get on some ratings sites to confirm my hunch.  i will for sure participating in your bounties program when you will list it.

Yep, those names are really well-known and that's certainly adds us some weight to be honest :)

Thanks for the kind words!

Agreed with this, want my small shop to be enlisted also  ::) ::) ::)

Do not worry about it!
We'll post an easy instruction for you soon, but if you want to receive information about partnership with 7Seconds right now, just drop a mail to our team:
sales@7seconds.ru

And thanks for your support :)

Any approx date of ICO launch man? Tired to wait ffs :D :D

Private round will be launched at the middle of the August.

Come join us at Telegram channel, so you 100% won't miss it :).
https://t.me/sevenseconds_io

7Seconds’ advisor Kamlesh Kangya discusses the blockchain element in 7Seconds’ solution and the company’s prospects in the Asian markets.

https://medium.com/7seconds/kamlesh-kangya-with-blockchain-financial-intermediaries-will-be-gone-ab5ccd49b3cb

Kamlesh Kangya in his interview said that main problem of blockchain solutions - is security.
Does 7seconds have a qualified and good solution for this?

Found this info in their wp:

"As a company works with customer information that constitutes commercial and banking secrets, it's our duty to protect it..."
And then theres a lot of measures and things about protection
WP on page of 36 (https://7seconds.io/documents/white-paper.pdf).

Wow that's some crazy thought process. :D I would have never come up with that in a million years if I didn't decide to just ask you.

The reasoning has funny story though.
But definitely, not the first blockchain project that tackles the credit marketplace.
There should be more factors in play here aside from the under 2-min granting of credit to a person.
Better read carefully their terms and conditions before jumping on this one.

I think you should always read terms with any credit-like organization, it's a must-do thing, but as I far know, 7seconds have this issue solved as well (they say it in their WP)

Hi!

Yes, you are right about terms and malipulating them in in the field of crediting. We don't want any "gray" schemes in our terms and conditons, or really small text that is unable to read (you owe me 10000000 dollars if you read this btw).
That means, that we want our agreements to be be loud and clear.

That woukd be great advantage because people.nowadays do not even believe credit organizations

I cant read that small text without my glasses btw

Thanks a lot for a feedback!

Agree with you. Nowadays we are facing a lot of negativity towards crediting industry.
That's why we have separate note about it. Every term will be clarified and visible to customer.

Tried to register for the waitlist, but didnt get any verification email, can you check my registration please?

Waitlist is on a tech. maintenance right now. It will be fixed shortly, I'll notify you 🙂.

A Moscow arbitration court has ruled in a bankruptcy case that bitcoins owned by a private individual were "an asset." Why is this significant? Currently, cryptocurrencies don't have any legal status in Russia and cannot be accepted as a means of payment. But the court's ruling creates a precedent and could be viewed as a step towards adoption and legalizing of crypto in the country.

That's some good news!  ;) ;D

Yep, agree with you :).
Maybe that's not like a VERY good and positive news, but at least we can be almost sure about some stability in crypto-Russia in near future.

Sir, any bounty\airdrop for this? Thanks in advance, sir.

Hi there!

Not yet, but we'll inform you as soon as it comes online.
Join us on Telegram and you won't ever miss anything:
https://t.me/sevenseconds_io

Wanted to ask a question about your token.
Why you need tokens and how they will work in your project?

Hi!

7Seconds’ CRET tokens can be used for:
Risk Management Program:
- to reward borrowers who have meet all requirements of Risk Management Program;
- to compensate lenders' uncertainty risk.
Payments:
- borrowers can repay loans;
- borrowers can pay for goods at partner shops.
Data analysis:
- lenders can pay for data analysis and scoring.

Is KYC required for ICO participants?

Lending is the one of the most heavily regulated fields, and we want to maky sure it's fully comply with KYC requirements, so yes - KYC will be a part of ICO.

Irish Tech News, a publication referred to as "Ireland's answer to TechCrunch," ran a profile of 7Seconds

https://irishtechnews.ie/business-showcase-7seconds/

Okay thanks and for bounty?

Can't say for sure right now. It will be clear when we'll launch our bounty program :).

Sir, any restricted countries?

CRET token utilities are not offered or sold and cannot be resold or otherwise transferred by the owners to individuals or legal entities located in or registered in the country or territory where operations with digital tokens are prohibited or in any way restricted by applicable laws or regulations, or become prohibited or restricted after entering into this Agreement ("Prohibited Entities"). As of now, countries where restrictions apply are the United States of America, Canada, the Republic of Seychelles, Iran and North Korea.

Nice! This wiill help 7seconds reach his audience!

Yep!
 :D
By the way, it's a nice article to understand what 7Seconds is :).

How is it going with a waitlist?

7Seconds is a great project. Borrowers will immediately select a loan with the best terms and interest rates from partner banks in the 7-second ecosystem. What special measures does the project take to attract participating banks into the 7-second ecosystem?

Hi!

Do not worry, it will be fixed soon, we'll inform you.
Join us on telegram and you'll be the first who will know about that:
https://t.me/sevenseconds_io

With using 7Seconds' ecosystem, banks can attract significcantly more people to use their services.
In future, with implementing our blockchain, cost-per-customer for banks will be lower - this will help us to work with banks also.

I heard smth about private round
Can you give some info about it, can't find any here
Thank you sir

Hey there!
Yep, just drop a mail here:
investdept@7seconds.io

Thanks for that info I was needed it also, btw how is it going with a private investors?

Everything is going great so far. We can't tell more accurate information right now. That's why It's a private round :).

This is a perfect project because it links many banks closely together

7Seconds’ advisor Simon Cocking explains what makes an ICO special and what possible challenges lie in the way of executing blockchain solutions.

https://medium.com/7seconds/simon-cocking-not-everything-can-or-should-be-tokenized-6a04ddaef604

in my opinion, this is a great project, the planning is targeted and the softcap target is $ 3,000,000. hopefully, many investors buy tokens into the project.

That's an informative article, but I still have a question about progress of your private round, is it good?

Yes, that's right :).
Glad you like it!

Thanks for your belief! I hope everything will be great!

Agree with you, article is pretty helpful.
Regarding private round: we hope to collect the main part of funds needed through the private round. Everything goes good so far and there's no factors to be otherwise in future :).

Do you plan to make a bounty program?

We are still thinking about that. We will decide in near future.

Sim on is writing nice articles about your project guys, really valuable advisor

Thanks for a kind feedback, DoraDoraDora! :)

I heard a lot of info about partnership with banks, stores, etc. Where I can find info about your partners?

Hi!

If you want to see the biggest partners, please, check our web-site (I'll attach a screenshot of that part here also).

If you want to see full list of partners, please, feel free to PM me (it's really big and contains a lot of links).

https://pp.userapi.com/c844618/v844618035/b6f3b/vy2JwDLGKKo.jpg

Hello again! I want to know how I can connect my store with 7seconds, can you give me an instruction please?

We'll post an easy instruction for you soon, but if you want to receive information about partnership with 7Seconds right now, just drop a mail to our team:
sales@7seconds.ru.

That's actually is quite nice info, I didn't knew most of this. Maybe you guys should add this info on a first page?

Oh, thanks for that idea!
We'll explore this possibility and will see what we can do :).

If I have a proposal, how can I contact you?

Please, send your offer to contact@7seconds.io.

Does that mean that CRET token is utility token?

Yep, exactly :).

Understood, thanks for quick reply!!

On August 15, MOSCOW BLOCKCHAIN AGENCY and FINAM investment company organized the first public presentation of 7Seconds’ blockchain solution in Russia

https://medium.com/7seconds/7seconds-solution-presented-to-russian-investors-for-the-first-time-3e593e058146

I hope these views are not empty traffic and will be converted to the new members of community and investors in future

Our founder - Alexei Chalenko - said that investors were interested in 7Seconds and told that this is great starting point of partnership with them.

That is kinda good news about showcase in Russia, it's a big county I must say and there a really high percen of people who use crypto

Was it successful though? Any agreements or smth?

That's true :).

We can't say right now, because only next few weeks can show us some results.
But we can surely say that investors seemed very interesed. Also, the fact thar we already in partnership with QBT (Qiwi Blockchain Technologies), highly likely impressed people at the conference.

Oh, I see,
It's good then. What about ICO dates though?

We can't say the exact date yet, but ICO is planned in near 1-2-3 months.
You can join our telegram channel and stay in touch with us :):
https://t.me/sevenseconds_io

do you use escrow wallet for ico? because many investors are almost less trusting again with ico

The project name is very interesting, I am very impressed with it :) :)

We use smart-contract and multisig-wallet. Nobody but our founders have access to the wallet.



Thanks! We like it too!  ;)

We are thrilled to welcome our new advisor Prof. Wulf Kaal (https://twitter.com/WulfKaal), a leading expert on distributed ledger technology (DLT). He is director of the Private Investment Fund Institute and head of Kaal Consulting. Prof. Kaal's research focuses on crypto economics, innovation, DLT applications, smart contracts, initial token offerings, and the crypto evolution, including 4th generation crypto infrastructure products. Previously, he was associated with Cravath, Swain & Moore LLP, in New York, and Goldman Sachs in London, UK.

Nice to see new advisor,
What can you explain a little his responsobilities in your team?

Hey!

He is responsible for consulting 7Seconds team in creating our Blockchain solution. He will consult our dev. team about latest trends and standarts in blockchain industry. Also, he'll help us to maintain new contacts in cryptoworld.

This project is really great, and your site and panel definitely stand out. Very good!

I see, I see.... thanks for answer!!

You are welcome!

Thanks for the kind words and your support :).

There is no trust in the Russian projects already at all ... horror is simple, you need to wait for regulation then you can work with the Russians, but now there is no sense :-\

you have specified softcap and hardcap and the difference is 42000000 not you think it's from a number of fairy tales? where will the project be implemented? wasn in Russia was allowed?

in 7Seconds allows borrowers to directly choose loans with the best interest rates and interest rates. Loans are provided by partner banks in the 7Seconds ecosystem. This company is active using artificial intelligence technology (AI) and neural networks.

I could possibly agree with your words, unless we both wouldn't knew about our partnership with biggest Russian IT companies and Banks. I am talking about QIWI, Tinkoff, Raiffeisen and many others. Also, we have a famous advisers in our team (and it's need to be mentioned, they are not from Russia).
Moreover, our project is already represents a working solution, so ICO is needed to scale our eco-system faster.

That means, that we just can't look like an untrustful company which is planning an ICO in order to make their on-paper-project become a reality :).

Wow! What a great mission! This project is able to be successful from the very beginning!

This are a big numbers, that's true.

But there's a 2 reasons for this:

• First of all, we are planning huge geographical extension: Great Britain, Poland and Indonesia in near future, and the whole Asia, Europe and USA in a distant future (not so distant to be honest);
• You mentioned that these number are too big. Let me explain: our main source of investments are Institutional Investors, because - as I just mentioned a little above - we have a working solution, which means, that it's already proved by time that 7Second just works and risks of investments are significantly lower. That's why Institutional Investors, banks, stores and IT hubs are interested in us - and this is exactly what makes us think that these numbers are not from fairy tales :).

Yep, that's right!

Thanks a lot for your belief!

Do you plan to make something like a private cabinet on a website?

Yes, we are planning to create a private cabinet on a web-site.

When you are planning to do it?

Can't tell the exact date yet, stay tune :).

On August 15, 7Seconds presented its blockchain solution to community in Moscow for the first time. Watch a video (https://youtu.be/jCIZrwYEUX8) about this fun and insightful event!

https://youtu.be/jCIZrwYEUX8

Wow, nice conference. It looks like this is roof of a building, is it?

I am not sure whether roof it or not, but it's surely looks like a roof :)

It's a Finam building - one of the biggest economical, investment and business offices in Moscow, Russia.

Was it long? Conference I mean

Not so long. Just enough to explain the project.

I am not sure but it seems like waitlist is not working, can you check it pls?

Hello!

It's not working right now, we are fixing it at this moment.

Is there a minimum or maximum limits and discounts for investors in both the private and public sales?

Details of the public sale will be published later, but right now you can participate in our private round,
If you want to know more, just drop a mail here: investdept@7seconds.io.

One of the most powerful drivers of retail growth is lending, and online retail is no exception. Lending in e-commerce has been growing at a pace of 30% a year, boosted by various technologies and brokerage solutions that allow the borrower to immediately get several offers at the same time.

Unlike standard lending models, a credit platform offers a more efficient approach due to a "single window" in which the borrower has access to a number of offers from credit institutions.

However, the main obstacles hampering the development of the online POS lending segment is the high level of fraud, expensive and inconvenient identification procedures and difficulties with evaluating the borrower, which all lead to an increased interest rates on loans.

7Seconds aims to solve these issues, making the global POS lending segment more efficient and bringing down interest rates.

Hey there, wanted to know about what will happen to unsold tokens during the ICO?

Unsold tokens will not be generated. The exact number of generated tokens will depend on the amount of money raised in the ICO.

Thanks for sharing, team, keep us updated sir

You are welcome! :).

Join us on Telegran and stay in touch with the team:
https://t.me/sevenseconds_io

What will happen to unsold tokens during the ICO?

Just as I said a little above, unsold tokens will not be generated. The exact number of generated tokens will depend on the amount of money raised in the ICO.

Good info, ty sir

You are welcome!

Stay tune and join our telegram channel, so you won't miss anything:
https://t.me/sevenseconds_io

Thanks for post, I will read your WP now, ty sir

You are welcome!

heard smth about private round
Can you give some info about it?

Yep, sure!
Just drop a mail here:
investdept@7seconds.io

why you need an ICO if everything works great with your solution?

As I mentioned earlier, we are conducting ICO in order to scale our technology a lot faster and being more visible at global market. That kind of partnership will help us both (us = platform members and 7Seconds).

Can you tell me please what kind of token you got?

7Seconds’ CRET tokens can be used for:
Risk Management Program:
- to reward borrowers who have meet all requirements of Risk Management Program;
- to compensate lenders' uncertainty risk.
Payments:
- borrowers can repay loans;
- borrowers can pay for goods at partner shops.
Data analysis:
- lenders can pay for data analysis and scoring.

Okay, got it, thanks
So when you are going to launch an ICO?

You are welcome!

We can't say the exact dates yet, but we'll launch an ICO in near 1-2-3 months.
Stay tune for updates, or just join our telegram channel:
https://t.me/sevenseconds_io.

Why you need blockchain guys? For what? I think that your project can work well without it also

Feedback from community is the most important factor if it is not strictly business oriented product, this idea needs to listen both fronts as it has also a big chunk of it directed towards businesses and merchants.

We don't want to create useless blockchain just for ICO and stuff. We will cooperate with top CIS and Russian  companies in order to create stable and valuable blockchain platform for 7Seconds. 

Moreover, if we want to scale 7Seconds worlwide, blockchain - is just what we need.

Our main goal is to lower interest rates as much as it possible - we will do everything we can in that direction.

Community - is everything. We are listening to it and always open to cooperate 🙂.

Any restrictions about countries?

As for now, countries where restrictions apply are the United States of America, Canada, the Republic of Seychelles, Iran and North Korea.

I just about risk program or something like that, it states that tokens will be used in this direction also.

Can you explain this a little?

Yep, sure!

The borrower is rewarded with CRET tokens, which they can use as a discount on the next loan. If the borrower fails to follow the loan conditions,
the tokens are sent to the lender. So, a lender can reduce its interest rate, deducting uncertainty risk, and be competitive on the platform.

That's it!
Simple as it is :).

Yes, you are right :)
What I can do more for your tokens?

Hey there!

Thanks :).

This is full list of possibilities:

Risk management program:

• to reward borrowers who have meet all requirements of Risk Management Program;
• to compensate lenders' uncertainty risk.

Payments:

• borrowers can repay loans;
• borrowers can pay for goods at partner shops.

Data analysis:

• lenders can pay for data analysis and scoring.

Worldwide retail sales, including in-store and online purchases, are projected to jump to $3.6 trillion by 2019, according to eMarketer. However, the proportion of online sales still remains rather small, at just 12.8%. There is huge potential for online sales growth, which is being boosted by POS lending and installment plans. 7Seconds' solution is likely to facilitate growth in online POS lending and thus contribute to total growth in online sales.

Wow this is a good opportunity to launch project in near times, I like 7Seconds' sense of industry, good job team  :)

Thanks for you belief and kind words!

They are surely adding us strength and driving us forward :).

7Seconds already has a number of partner banks and affiliate stores, which is really good. Please tell us about your tour of World Blockchain Roadshow Asia?

As far as I understand, you guys are lowering loan rates, am I right?
And how do you gain profit?

It was a perfect tour with a perfect results!
You can read the quick summary at our Medium:
https://medium.com/7seconds/7seconds-explores-asia-7fec7a7d8dd5

Yep, that's right.

7Seconds’ AI-based solution allows applicants for POS-loans to fill out a very short questionnaire and receive offers from various lenders within two minutes. Then, the borrower can choose the best offer.

What about profit? It's simple: a fee for each transaction. Simple as it is :).

Invest Foresight has run a story on 7Seconds' solution. "We would like to compete with the credit card in terms of convenience and speed of obtaining loans," says Alexey Chalenko. "We are moving towards an instance purchase service, in which pressing the "Buy" button will be sufficient to complete a purchase." Read the full story (in Russian) here: https://www.if24.ru/kreditnyj-marketplejs-perehodit-na-blokchejn/

An interesting project, the team has many plans, this company is definitely waiting for great success, I advise everyone to consider this company for themselves.

Wow, nice, my Russian friend translated this text to me and I just found that CEO of 7Seconds was a top-manager of a big bank in a past, this is really valuable information, thanks!

Thanks for your support!

Hello  Wow. I'm delighted with your project. It'ssomething new. I'll keep my eyes on it. It'swell planned.

Hi, wanted to ask about KYC.
Fo yoou have it?

Greetings,
If you want something, you have to set high goals, it’s just the way it goes. So, I wish good luck to the devs with their idea!!!

Yes, we have it.

Thank you for your belief! :)

I see some coins growing on the blockchain credit system. Is 7Seconds Really First? Do you plan to advertise the coin on the forum?

Yes, we are really the first. To be clear: we are not the first credit organization based on blockchain, we are the first credit marketplace based on a blackchain.

Yep!
Not right now, but before and during the ICO.

This is pretty good news tbh, thanks for making my mood :)

I wonder, If the plan is forked off another coin, what is different and why the need for a new asset?

Kinda agree with this: everytime I check 7seconds - they got some good news for me, I like it :D

Fork is excluded. Also, we have a closed blockchain solution. You can read more about it just a little above.

See? Good news again! Like to see how these guys are moving forward and doing their stuff without extra words. Good job!

Thanks a lor for giving us a positive feedback :).

It's hard to understand what's your project is about, can you please explain it's main idea in few sentences?

I am happy to hear it, but I expect more strategic partners involved. thank you team, your performance has given a smile to users and investors. I am sure many investors will look at this platform.

Attracting to the investors and spreading the information about this plan can be attained if the team really have to create a good advertisement and social marketing strategy campaign.

7Seconds helps to significantly reduce the cost of credit for the end user thanks to blockchain technology,
AI-based scoring and a risk management program based on CRET token.

With 7Seconds' solution, banks, private and institutional investors no longer have to pay for collecting
information and scoring as long as they don't actually issue a loan. Only the lender that issues a loan pays.

7Seconds allows various categories of lenders to cash in on the global POS segment, which grows on
average by 30% a year. Thanks to 7Seconds platform, various loan options available to borrowers.

That's it :).

Glad you are giving us a positive review! Thanks!

More partners will join us soon, but maybe you didn't saw our list of current partners, which is also exciting! I've made a screenshot for you from our web-site:
https://pp.userapi.com/c850228/v850228761/1c035/eELQSGrz4YU.jpg

We have a marketing strategy of course and main parts of it will be implemeted near\during our ICO.
Now we are making all preparations and other stuff :).

how are you progressing? I really want positive news. last time around everyone is very skeptical, saying that all the projects this is just a Scam and a fraud. I hope you will succeed and you will show others that it is not so.

Hey there!

We are doing great!
Just read this thread :) - it's just filled out with only positive news!

Yep, someone said that "too much scam nowadays" and I will repeat my answer:

That's why we can't be described as fake or scam ICO :).

Whats your soft cap and hard cap?

Soft Cap - $ 3,000,000
Hard Cap - $ 45,000,000

Like his ideas and partially agree with everything he said instead maybe the part when he talks about ecosystem, but maybe I am just do not have such information as he does :(
Anyway, thanks for new article!

You are welcome!

Comeback to see more news :), we have muuuuuuuuuuuuuuch to give to our community!

Just read at your one-pager that you have a private round. What's this?

Private round is equal to "private investment round", where people and instutional investors can invest big amounts (or not so big too).
If you want to know more, just contact us via special e-mail:
investdept@7seconds.com.

It's my first time when I see how it works! Actually I thought it would be harder, it looks very easy :) Nice!

I probably know more about the project is not? I can swap out about the project when not like?

"within two minutes" is this a guarantee?Because on days of network overload on the blockchain i doubt this will be the case. i hope there are measures in place for network congestion days?

I'm not sure that had understood you correctly, but you can know more about 7Seconds from our blog - https://medium.com/7seconds

As you know, we have alreday working fintech solution and "within two minutes" that's just how it works.
On the other hand, we develop our private blockchain solution with the help of QBT (Qiwi Blockchain Technologies) on R3 Corda Platform (you can learn more about it here - https://medium.com/7seconds/7seconds-tech-whitepaper-is-out-e181213dc1da). This solution will not be overloaded, because it will be engaged only for loan requests and scoring data, which does not require high capacity.

I would believe that they do not hold any specific restrictions for participation in investments. I think anyone who passes their КYC will be able to trade. Maybe the team can comment?

We have restrictions for citizens and residents of the United States of America, Canada, the Republic of Seychelles, Iran and North Korea, so not everybody can participate.

He is a top data expert, one of the first individuals to hold the position of Chief Data Officer in Russia. For more than 10 years, he has been involved in rolling out cutting-edge technology solutions for major companies, such as Societe Generale, PwC, Samsung, Marriott and Alfa Bank. He is former director of innovation at Otrkitie. Currently, Alexey (https://www.linkedin.com/in/alexei-blagirev/) is Project Lead R3 for Corda CIS, responsible for developing local community of Corda developers, promoting Corda and R3 and developing local sales desk for R3 membership.

One more little step to your success. Very important to have advisors in team, who have good knowledge and experience.

Hey everybody!
Quite an interesting and convenient mechanism. Hope I can test it soon. Excellent team and partners. This business is waiting for success, no doubt at all

Thank you for your belief and kind words!

Any news on public sale dates? Airdrop or bounty maybe?

Very inspiring words! Thank you!


No dates yet. Private Sale at it's peak, when it'll come to a close we announce dates of Public Sale immediately.

MD Medical Group (MDMG) (https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/US55279C2008USUSDIOBE.html?lang=en), a leading provider of healthcare services, has been added to 7Seconds’ partner list. 7Seconds will handle installment plans for MDMG customers in Samara. MDMG runs a network of cutting-edge health clinics and hospitals for women and children.

MDMG is Russia’s sole company to have an IPO at the London Stock Exchange. The company’s shares have been traded at the exchange in the form of Global Depositary Receipts (GDRs) since October 12, 2012.

https://medium.com/7seconds/7seconds-strikes-partnership-deal-with-md-medical-group-71b47cec893e

Your partner list is really impressive. Many ICO's would envy you. Keep going on!

Tnanks Mike! No doubt, we'll please you again ;)

Who are your competitors guys?

Our main competitors are Klarna (https://www.klarna.com), CreditEase (http://english.creditease.cn) and Affirm (https://www.affirm.com).

Cool video. You should publish it on your website.

Greetings, all!
I was interested in the project! I believe he has good prospects. Great team! Good luck to you, we expect the listing!

Thanks for your kind words! But it's too early to talk about exchanges, in short, follow the news and join our Telegram community - https://t.me/sevenseconds_io

Good morning  It'sa great project with a lot of work already done behind them and app already in beta, though from what I was able to see it's Android. Do you have any iOS app already?

Hello! It seems like you misinformed. We don't have an Android app and iOS app in plans. But we already have a working business and want to lead it to a new level with our blockchain solution.

OMG. He didn't bother to check your Onepager. I always surprised why there are so many s**tposters ???

Greetings there.
What I like the most is the ability to integrate your token with almost any e-commerce website or in-store merchant.Was this already tested and if it was can you give any links or results or tests?

Hello! Our solution was not only tested, but it's already working.

Here you can see our main partners and check it by yourself.

https://pp.userapi.com/c850228/v850228761/1c035/eELQSGrz4YU.jpg

I wanted to ask a question regarding the tx speed. Do you guarantee the blockchain was not overloaded by the incoming or outcoming transaction?

Hi! The main part of our blockchain solution will work on Corda. Average tx speed of Corda is 170 TPS (https://medium.com/corda/transactions-per-second-tps-de3fb55d60e3), we can guarantee that is quite enough for loan requests and scoring data.

Corda is the right choice for your blockchain solution, even if Hyperledger has much higher capacity. For fintech projects Corda has no equal and none of public blockchains can't compete with it.

Wow! My congratulations! What is Skolkovo btw?

Thanks for your kind words!


Thanks! Skolkovo is a Russian Silicon Valley, you can find out more on Wiki - https://en.wikipedia.org/wiki/Skolkovo_Innovation_Center

Hi! 7Seconds is not a bank, we are a credit marketplace, so there is no need to release a debit card.

We're very pleased for you, but our Public Sale even had not yet begun  ;)

Hello, all! Now that Bitcoin is in its final death throes, I am all in your token! Given that it's backed by the SEC, time I can't lose unlike with Bitcoin, which as I mentioned is pretty much dead... again. SO, I m in.

Great article. Did you consider any other platforms besides Corda?

Good morning everyone.
Have used your website to contribute to several ICOs via pools. Very good website, I recommend investing via pools with your platfrom, it is the easiest and safe method ever.

You keeps on delightning us. How is Private sale going?

Yes, we considered some other enterprise blockchain platforms, but our choice fell on Corda.


Everything is going according to plan, but there are some things, that we can't disclose. Wait for big updates ;)

Many countries continue to be wary of cryptocurrencies. They need full control over the turnover of the cryptocurrencies so that they can impose taxes on them. And it's very difficult to realize in real life. Guys, does your token can be purchased in any country?

Citizens and residents of the United States of America, Canada, the Republic of Seychelles, Iran and North Korea can not participate in the ICO.
For other countries and their citizens there is no ban.

7Seconds has passed careful selection and will be among 12 projects presented to investors at Terra Crypto (http://www.terracrypto.ru) event in Kazan on September 14

https://medium.com/7seconds/7seconds-selected-for-terra-crypto-event-e66a03a84fe3

Hi guys, I’m relatively new to this ICO thing. I still need to study the whitepaper of this business. But what payments methods can I use in order to be able to buy your tokens?

Hello! There are two methods - BTC and ETH.

I like such type of events, which verify participants and it's good that you have been selected. Should we expect something big from that event?

I'm taking part in the bounty, I already raised a lot of coins, especially without spending time. In the future I plan to actively invest in this idea, the prospects are visible not with an armed eye.

Nobody knows, but there is a very real possibility of that  ;)


It's good that you plan to invest in 7Seconds, but our bounty hasn't yet been launched  :-\

I'm waiting for your Public Sale, but it's important to close Private Sale successfully, because the market has changed very fundamentally and most of funds raised from funds, angels etc.
Crowdsale is dead.

7Seconds’ advisor Alexei Blagirev discusses the use of data and blockchain in the finance sector, his vision of the digital profile and prospects of a paperless society

https://medium.com/7seconds/alexei-blagirev-society-isnt-yet-ready-for-paperless-documents-abe0ec7f2fd3

Thanks for the interview. Alexei has a very interesting thoughts. My favorite part is about a resistance, that "credit bureaus, and state regulators are likely to show, because the centralized model suits them better." I believe that 7Seconds will triumph in this fight.

Because of that we make strong emphasis on the Private Sale and institutional investor targeting.


Our team is also inspired by his words and the whole interview.
Thanks for your belief!

There is no ideal platform, everywhere there are dissatisfied users. I think that this plan will also have some difficulties. Although the prospects for this idea are really good.

How will I able to transfer tokens between Ethereum and Corda?

Every start-up have some difficulties at an early stage, but our main advantages are experienced team and strong business development strategy.


Quoting our White Paper (https://7seconds.io/documents/white-paper.pdf), Architecture of the 7Seconds platform, p. 26:

In this article we explain why 7Seconds chose ICO over other existing funding models

https://medium.com/7seconds/why-did-we-choose-ico-over-other-funding-options-b086b6b2f5a4

Hey, all. For me personally, it is a plus that the coin is officially registered in the US government!
It'sthe largest cryptocurrency platform!

BloomChain: (https://bloomchain.ru/fintech/vyhod-iz-zony-komforta-kak-qiwi-pytaetsya-sozdat-svoe-novoe-budushhee/) "7Seconds plans to put its borrower scoring service on the blockchain, and the solution will be implemented by Qiwi's team."
Read the entire story: https://bloomchain.ru/fintech/vyhod-iz-zony-komforta-kak-qiwi-pytaetsya-sozdat-svoe-novoe-budushhee/

I like your article, now everyone should have no questions about why did you choose ICO.

Have you considered funding from venture funds?

Like any startup we considered this opportunity, but with our blockchain solution ICO is the most appropriate option.

It's really great that you choose ICO.
Does White List already work btw?

Yes, you can register by the link - https://7seconds.io/waitlisted

How many tokens will team get?

The team will get 15% of Total Supply or 91,650,000 CRET. The 7Seconds team's tokens will be blocked for one year with two six-month
periods limiting their use.

I love when there's a lot of a good news coverage in a project, it seemed fun to know it. This platform gets a rating high enough and this is proof that the project is truly qualified and have considerable interest. I hope it will continue to hear good things here.

Hello admin,
We added your project 7Seconds to our listing - https://topexperts.io/ico/7seconds