Bitcoin Forum

Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: LakeBTC on July 18, 2017, 09:02:33 AM



Title: [ANN][ICO] LakeBanker | Free Banking for the World
Post by: LakeBTC on July 18, 2017, 09:02:33 AM




Download the LakeBanker White Paper (https://lakebanker.com/whitepaper.pdf)





Mission

Despite advances in technology the traditional banking sector remains inefficient, expensive and for many impossible to access. Our mission is to make core banking services free, for everyone, forever, and to deliver a full suite of financial services, including access to cryptocurrencies, at a much lower cost.



Concept: Crowd-Banking

The LakeBanker system will coordinate a massive network of individuals, merchants and other institutions who will provide banking services to users. The nodes in our network are called "LakeBankers". A LakeBanker provides services that would ordinarily be undertaken by the high street branch of a traditional bank; for example, they can facilitate deposits/withdrawals from the system and conduct KYC ("Know Your Customer") verifications on other users as part of risk management. Any user can become a LakeBanker; indeed the system encourages users to both consume and supply banking services. The network is accessed through a mobile app from which users can initiate requests for services. The app transmits requests to LakeBankers who are free to accept. A key technological component is our artificial intelligence agent, Sage: Its primary functions are (1) to find optimised matches by estimating the time and cost of a specific service and adjusting fees and incentives dynamically based on real-time supply and demand conditions, and (2) to conduct ongoing risk management based on the live and historical financial data it collects from the app.

Our technological solution effectively replaces traditional banking infrastructure with a peer-to-peer market. We call this concept Crowd-Banking. Our Crowd-Banking model has four important implications in terms of executing our mission.

  • Exceptional Risk Management: Banking is all about risk. Through our crowd of users we can do more due diligence than any regular bank could do. And, since LakeBankers will tend to be local and know their communities well, we can do it better.
  • Massively Reduced Overheads: We don’t need high street branches, large corporate offices or many thousands of salaried employees. Instead, we leverage the potential of existing personnel and infrastructure outside our core organisation
  • Exponential Growth: When we enter a country, one LakeBanker can service say ten users. The system incentivises them to become LakeBankers themselves and service a further hundred users who can then service a further thousand and so on. Our Crowd-Banking model has exponential growth built into it.
  • Reach into Underbanked Populations: Networks of LakeBankers can be created wherever people have access to smartphones. Smartphone saturation is high in the developed world and growing at a phenomenal rate in emerging markets.

In the LakeBanker system, money will flow with little friction, from one individual to another, from one currency to another and from one country to another. Technology has overhauled many industries. We do that now for banking. This is how we bring free banking to the world.



Who we are




We are the team behind cryptocurrency exchange LakeBTC.com (http://lakebtc.com). LakeBTC started in 2013. It has 10 million user accounts created from 162 countries. We support 42 currencies and 52 payment methods with hundreds more to come. LakeBTC is probably the only major platform without stolen coins, security scandals or flash crashes. As one of the most valuable brand names in the industry, LakeBTC has been proven to be robust, reliable, and trustworthy. Our CEO is Thomas Xie, co-founder of LakeBTC, cryptocurrency veteran and serial entrepreneur.



Beta Version


https://image.ibb.co/h6JQ2Q/app.jpg (https://ibb.co/kw4b95)


Initial versions of the LakeBanker system have been developed and tested. Dozens of currencies and payment methods are supported, and more are coming soon. The demand has been very strong even with no public announcement or media reports. The mobile version of LakeBTC.com functions well and will serve as a base for designing the LakeBanker mobile app Our cashflow is healthy, and there are a number of private equities and financial firms who are interested in investing in traditional ways. Nonetheless, we plan to spin-off the LakeBanker project and launch a Token Sale under an independent entity, LakeBanker Foundation. A new token called banc (BAC) will be issued to participants who contribute BTC, ETH or LTC.



The Token BAC

A new token called banc (BAC) will drive transactions within the LakeBanker system, where all fees and interest will be denominated by BAC. BAC is based on the Ethereum blockchain and is ERC20-compliant. The total number of BAC will be 500,000,000 (500 million), of which 250,000,000 will be offered in the Token Sale, 125,000,000 will be reserved for our User Growth Fund, and the remaining 125,000,000 will be distributed to the team. There is a 5-year vesting schedule for the team tokens, where only 20% is available for trading each year. Our token is well-integrated into our business model and has significant, long-term utility in driving transactions in our system. BAC will be tradable on LakeBTC.com (http://www.lakebtc.com) soon after the close of our Token Sale. We offer participants near immediate liquidity for our token.



Token Sale (https://lakebanker.com/sale)

Our Token Sale is divided into two phases. In Phase 1 we offer a small number of BAC tokens at a significant discount. In return, we hope to get feedback from the community and encourage collaboration with early investors. The remaining tokens are offered in Phase 2. Full details of our Token Sale including information on how to participate are available on our website (https://lakebanker.com/#token_sale). Participants can purchase BAC tokens by contributing either ETH, BTC or LTC.


Phase 1

Phase 1 is open now. Contributions made before September 29, 2017, 3pm UTC will get the 1st hour price of 1 ETH = 1300 BAC. This is the best price anyone will ever get. Demand appears to be strong----if we are over sold before that time BAC tokens will be allocated to ALL PARTICIPANTS on a pro rata basis. We do this in the interests of fairness. After September 29, 2017, 3pm UTC tokens will be distributed on a first come first served basis.


Phase 2

Phase 2. will be held in mid/late October. BAC tokens will be tradable on LakeBTC.com soon after the close of Phase 2. We offer participants near immediate liquidity for BAC tokens



Read about us (https://bitcointalk.org/index.php?topic=2056136)

http://www.montessorichildrenshouse.org/wp-content/uploads/2015/09/Forbes-logo-small.jpg (https://www.forbes.com/sites/nikolaikuznetsov/2017/08/16/decentralizing-the-world-blockchain-and-the-removal-of-centralized-profit-centers/#9652e5b53f44)https://acinq.co/img/media/cointelegraph.png (https://cointelegraph.com/news/ico-wars-continue-as-lakebanker-says-civic-was-north-korean)http://jenniferlitwin.com/wp-content/uploads/cnnmoney.gif (http://money.cnn.com/2015/06/29/technology/greece-bitcoin/index.html)


A full list of articles about is is available here (https://lakebanker.com/media)



Join us on Social Media


https://cdn3.iconfinder.com/data/icons/social-media-logos-flat-colorful-1/2048/5362_-_Slack-64.png (https://join.slack.com/t/lakebankerproject/shared_invite/MjEzNzA5Nzc1NDQ2LTE1MDAwMjEwMjMtMWVmYmRmMmRmNQ)       https://cdn0.iconfinder.com/data/icons/social-media-2092/100/social-56-64.png (https://t.me/joinchat/GCtyFAxzdxE_pRC30NgZAw)       https://cdn4.iconfinder.com/data/icons/social-media-icons-the-circle-set/48/twitter_circle-64.png (http://twitter.com/lakebanker)       https://cdn2.iconfinder.com/data/icons/social-18/512/Facebook-2-64.png (http://facebook.com/lakebanker)



Blog Posts

In addition to our formal Whitepaper (https://lakebanker.com/whitepaper) we are writing a series of blog posts to help the community further understand our project, to address any concerns they may have and to make useful comparisons between LakeBanker and other projects:

Is Free Banking Possible? (https://medium.com/@andrew.mccarthy/is-free-banking-possible-b7127fe678a1)
ICO Distribution Models: Team Tokens (https://medium.com/@andrew.mccarthy/ico-distribution-models-team-tokens-a866641e579)
Everex vs LakeBanker: What to Look for in a Fintech Startup (https://medium.com/@andrew.mccarthy/everex-vs-lakebanker-what-to-look-for-in-a-fintech-startup-b90d3089b603)
Charity or Finance: Humaniq vs LakeBanker (https://medium.com/@andrew.mccarthy/charity-or-finance-humaniq-vs-lakebanker-155d9dc3d63)



Bounty Program (https://bitcointalk.org/index.php?topic=2056136)

We offer a bounty program for Bitcointalk signatures, constructive support here and on Social Media. Full details in their own thread (https://bitcointalk.org/index.php?topic=2056136)





lakebanker.com (http://lakebanker.com)






Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: kaneki007 on July 18, 2017, 09:03:46 AM
reserve indonesian translation if needed


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: foodstamps on July 18, 2017, 09:04:22 AM
It is good to see there are a proven network behind this. I wish the best


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: gogok on July 18, 2017, 09:07:02 AM
can you give me mopre info about your project? i mean whitepaper, why you dont have whitepaper


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: polat90 on July 18, 2017, 09:11:33 AM
It would be a great pleasure for me to work with you on this project. So I reserved the Turkish translation for my own name.


https://bitcointalk.org/index.php?topic=2038353.0





Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: wbk940122 on July 18, 2017, 09:11:52 AM

I do not understand what is the use of the project since we are discussing the same project here?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: `kane6283 on July 18, 2017, 09:14:10 AM
whats the reward?? as u said the transactions will be free forever.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 18, 2017, 09:27:06 AM
can you give me mopre info about your project? i mean whitepaper, why you dont have whitepaper
Many thanks for your interest in our project. More details are on our site.

We will be releasing the white paper shortly.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 18, 2017, 09:53:21 AM
whats the reward?? as u said the transactions will be free forever.

Our model is similar to many of the world's most successful technology companies. Think about emails, search engines and social media sites. They are free for the average user. As a result, they gather billions of users and make profits on value-added services.

We offer basic banking services for free. For example, user to user or user to merchant payments will be free. This will attract many users. We get big data and generate revenue from value-added financial services.

Our business model will be fully explained in our forthcoming white paper.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Mazt rhiezt on July 18, 2017, 09:59:31 AM
How in terms of security will you put the hardest system to hack?
And how many standard terms of speed in transacting?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: `kane6283 on July 18, 2017, 10:00:45 AM
whats the reward?? as u said the transactions will be free forever.

Our model is similar to many of the world's most successful technology companies. Think about emails, search engines and social media sites. They are free for the average user. As a result, they gather billions of users and make profits on value-added services.

We offer basic banking services for free. For example, user to user or user to merchant payments will be free. This will attract many users. We get big data and generate revenue from value-added financial services.

Our business model will be fully explained in our forthcoming white paper.
OK waiting for that


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Raxitto on July 18, 2017, 10:18:07 AM
Hello,

Very interesting project fund.
If by chance you need it, I would be very interested in contribute to your project with, a professional quality, Portuguese translation for the BtcTalk official thread and also other elements, as the White Paper, Website, articles and interviews.
Let me know if you are interested.

previous jobs:
-- https://bitcointalk.org/index.php?topic=1786648.0
-- https://bitcointalk.org/index.php?topic=1767517.0
-- https://bitcointalk.org/index.php?topic=1792597.0
-- https://bitcointalk.org/index.php?topic=1794030.0
-- https://bitcointalk.org/index.php?topic=1751650.0
-- https://bitcointalk.org/index.php?topic=1728455.0
-- https://bitcointalk.org/index.php?topic=1766556.0
--------------- and more----------------

Good luck and best regards,
Raxitto


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 18, 2017, 10:58:19 AM
How in terms of security will you put the hardest system to hack?
And how many standard terms of speed in transacting?

Set up in 2013, LakeBTC.com has an unrivalled reputation in terms of security.  To achieve that, we have rigid processes for internal controls, audits, information barriers and others.  We leverage our experience from banking and financial services and endeavor to provide the same level of security to safeguard customers' money.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 18, 2017, 11:18:17 AM

I do not understand what is the use of the project since we are discussing the same project here?


Do you have a specific question about this project? Thanks.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: btceuropen on July 18, 2017, 02:52:58 PM
interesting.

but how to free ??  what the difference between you and okoay, perfect money etc. they are also free to transfer with a high withdraw fees. the other hand, PayPal is not free to transfer and has a relatively cheaper fee to withdraw.

so if I understand correctly, this project is completely free? or another type?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: cryptastic on July 18, 2017, 02:55:10 PM
Will keep track, currently not much info given yet in the opening post.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: dongqiang on July 18, 2017, 03:05:45 PM
Quote
We issue a small number of tokens at a discount

so what is the 'small number'?
can you just post it here ?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: larks500 on July 18, 2017, 03:25:47 PM
Reserved Russian translation if required


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 18, 2017, 03:38:35 PM
interesting.

but how to free ??  what the difference between you and okoay, perfect money etc. they are also free to transfer with a high withdraw fees. the other hand, PayPal is not free to transfer and has a relatively cheaper fee to withdraw.

so if I understand correctly, this project is completely free? or another type?

Internal payments will be free (user to user, user to merchant etc.), even international payments.

Deposits and withdrawals is where our crowd-banking model comes in: You send out a deposit request on the app, it gets accepted by a nearby LakeBanker (our AI engine finds optimized matches). You pay they LakeBanker and they credit your account on the system. The LakeBanker earns a fee (in our token BAC) for this service. LakeBanker fees can be subsidized initially by our user growth fund and eventually by our returns from value-added financial services (credit lines, p2p lending, and so on). Certain quotas and conditions may apply.



Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 18, 2017, 03:53:30 PM
Quote
We issue a small number of tokens at a discount

so what is the 'small number'?
can you just post it here ?


Sure. 2% of the Tokens are on sale in Phase 1.

More details on our site. We will be updating this page continually as things get finalized.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: mrongoz_imut on July 18, 2017, 03:59:46 PM
i think this project is interesting
bookmark for waiting more information
goodluck dev


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: BTC-BTC-BTC on July 18, 2017, 04:11:18 PM
Very interesting and looking forward for it.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: btceuropen on July 18, 2017, 11:13:31 PM
interesting.

but how to free ??  what the difference between you and okoay, perfect money etc. they are also free to transfer with a high withdraw fees. the other hand, PayPal is not free to transfer and has a relatively cheaper fee to withdraw.

so if I understand correctly, this project is completely free? or another type?

Internal payments will be free (user to user, user to merchant etc.), even international payments.

Deposits and withdrawals is where our crowd-banking model comes in: You send out a deposit request on the app, it gets accepted by a nearby LakeBanker (our AI engine finds optimized matches). You pay they LakeBanker and they credit your account on the system. The LakeBanker earns a fee (in our token BAC) for this service. LakeBanker fees can be subsidized initially by our user growth fund and eventually by our returns from value-added financial services (credit lines, p2p lending, and so on). Certain quotas and conditions may apply.




OK
looking forward for more details about it


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Mieehayii on July 19, 2017, 03:15:07 AM
sounds interesting, but before join in, I will wait for the more details too.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: AND01 on July 19, 2017, 03:44:16 AM
Looking forward to the white paper,


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: GreenCoin22 on July 19, 2017, 03:49:17 AM
how to participate in? and what will be the rewards as return??

I think it's the point, there is no one willing to be a philanthropist.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: GreenCoin22 on July 19, 2017, 03:50:39 AM
whats the reward?? as u said the transactions will be free forever.

I think you have the same feeling with me, if its free, how to make profits on it?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Israfel7 on July 19, 2017, 03:59:26 AM
I do not understand what is the use of the project since we are discussing the same project here?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: bounst on July 19, 2017, 07:33:54 AM
how to participate in? and what will be the rewards as return??

I think it's the point, there is no one willing to be a philanthropist.

the point is that What will be the benefit after I buying this BAC token?

can't imagine if BAC have no value or practical value. After all, there are too many scams here


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 19, 2017, 08:46:08 AM
interesting.

but how to free ??  what the difference between you and okoay, perfect money etc. they are also free to transfer with a high withdraw fees. the other hand, PayPal is not free to transfer and has a relatively cheaper fee to withdraw.

so if I understand correctly, this project is completely free? or another type?

Our model is similar to many of the world's most successful technology companies. Think about emails, search engines and social media sites. They are free for the average user. As a result, they gather billions of users and make profits on value-added services.

We offer basic banking services for free. For example, user to user or user to merchant payments will be free. This will attract many users. As we acquire and analyse more user data we will generate risk-adjusted revenue by offering various types of financial services, for example p2p lending, credit cards, car loans, student loans, micro loans, residential and commercial mortgages, insurance, equities, financial advisory, funds, trusts, asset-backed securities, mortgage-backed securities, crowdfunding, and ICO.

Our business model will be fully explained in our forthcoming white paper


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: benjy33 on July 19, 2017, 08:51:09 AM
Will have to follow the project from near to see how it leaves are still many days to start to see how things go ;)


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: GreenCoin22 on July 19, 2017, 08:52:33 AM
how to participate in? and what will be the rewards as return??

I think it's the point, there is no one willing to be a philanthropist.

the point is that What will be the benefit after I buying this BAC token?

can't imagine if BAC have no value or practical value. After all, there are too many scams here

Maybe BAC just be an another altcoin, buy this token is like buy a coin which yet on market, and if you were lucky, you can earn much when the token on exchange, or you will go bankrupt.

On the plus side, LakeBTC is a bitcoin exchange, we have no need to worry that the BAC can't be trade on the market, perhaps this is the biggest advantage of this project, so far.

at last, this thing is essentially gambling, you win you rich, you lose you dead.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: 2012 on July 19, 2017, 09:01:31 AM
Conversion rate for phase 2 is final or need to modify there. Very big difference between phase 1 and 2 because participants of phase 1 get 10x more just investing there. This is very confusing thing can you explain about them?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: bounst on July 19, 2017, 09:04:06 AM
how to participate in? and what will be the rewards as return??

I think it's the point, there is no one willing to be a philanthropist.

the point is that What will be the benefit after I buying this BAC token?

can't imagine if BAC have no value or practical value. After all, there are too many scams here

Maybe BAC just be an another altcoin, buy this token is like buy a coin which yet on market, and if you were lucky, you can earn much when the token on exchange, or you will go bankrupt.

On the plus side, LakeBTC is a bitcoin exchange, we have no need to worry that the BAC can't be trade on the market, perhaps this is the biggest advantage of this project, so far.

at last, this thing is essentially gambling, you win you rich, you lose you dead.

Why do not you treat it as a stock share directly? So that we can look forward to its benefits more, as we buy the initial shares.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: GreenCoin22 on July 19, 2017, 09:27:55 AM
how to participate in? and what will be the rewards as return??

I think it's the point, there is no one willing to be a philanthropist.

the point is that What will be the benefit after I buying this BAC token?

can't imagine if BAC have no value or practical value. After all, there are too many scams here

Maybe BAC just be an another altcoin, buy this token is like buy a coin which yet on market, and if you were lucky, you can earn much when the token on exchange, or you will go bankrupt.

On the plus side, LakeBTC is a bitcoin exchange, we have no need to worry that the BAC can't be trade on the market, perhaps this is the biggest advantage of this project, so far.

at last, this thing is essentially gambling, you win you rich, you lose you dead.

Why do not you treat it as a stock share directly? So that we can look forward to its benefits more, as we buy the initial shares.

stock shares has a regulatory dept.  but token sales no. so the scam will be more here.

if you are unlucky, and just met the scam, stock shares will give you a bankruptcy subsidy, but you will lose everything here.

said back, even you know LakeBTC is not a scam, but we still not know how the LakeBanker run, and how the BAC use, so let's wait the whitepaper to see whether it should be buy.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: btceuropen on July 19, 2017, 03:02:23 PM
interesting.

but how to free ??  what the difference between you and okoay, perfect money etc. they are also free to transfer with a high withdraw fees. the other hand, PayPal is not free to transfer and has a relatively cheaper fee to withdraw.

so if I understand correctly, this project is completely free? or another type?

Our model is similar to many of the world's most successful technology companies. Think about emails, search engines and social media sites. They are free for the average user. As a result, they gather billions of users and make profits on value-added services.

We offer basic banking services for free. For example, user to user or user to merchant payments will be free. This will attract many users. As we acquire and analyse more user data we will generate risk-adjusted revenue by offering various types of financial services, for example p2p lending, credit cards, car loans, student loans, micro loans, residential and commercial mortgages, insurance, equities, financial advisory, funds, trusts, asset-backed securities, mortgage-backed securities, crowdfunding, and ICO.

Our business model will be fully explained in our forthcoming white paper

OK, thanks for the explanation, will wait for the white paper  :P


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Jamacn on July 19, 2017, 03:47:52 PM
interesting.

but how to free ??  what the difference between you and okoay, perfect money etc. they are also free to transfer with a high withdraw fees. the other hand, PayPal is not free to transfer and has a relatively cheaper fee to withdraw.

so if I understand correctly, this project is completely free? or another type?

yeah the idea is interesting, but where and how to find lakebanker?
even as perfect money, okpay etc which have developed many years, the partners were not too much and wide. and their exchangers are all corporate instead of individual.
so saw your website plans to train 100000 private lakebanker around the world, it's mad and crazy :o


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: AND01 on July 20, 2017, 12:22:56 AM
Similar to ripple,steem?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: AND01 on July 20, 2017, 12:32:37 AM
The mode of operation is explained too simply, without understanding, please elaborate


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 20, 2017, 02:18:30 AM
how to participate in? and what will be the rewards as return??

I think it's the point, there is no one willing to be a philanthropist.

To participate, please go to https://lakebanker.com/ and click on the "Get Token BAC" link. It will take you to a page with information on how to participate.

Some of the most successful technology companies in the world are free to the average user. Are Google or Facebook just philanthropists?  They are so successful because they offer many great services for free - they attract billions of users and generate revenue from value-added services.

Our token (BAC) will be well-intergrated in our business model and has significant, long-term utility in driving transactions in our system. BAC in the LakeBanker system is comparable to XRP in Ripple (see https://ripple.com/xrp/) and ETH in Ethereum (https://www.ethereum.org/ether). BAC is the fuel or, more precisely, the de facto currency of the system. All fees and interest in the system will be denominated in BAC. BAC will be based on the Ethereum blockchain and is ERC20-compliant.

When the LakeBanker system is mature, BAC will circulate amongst millions and eventually billions of users. The demand will be very strong. The price of BAC is in the future is likely to reflect this.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 20, 2017, 02:57:43 AM
how to participate in? and what will be the rewards as return??

I think it's the point, there is no one willing to be a philanthropist.

the point is that What will be the benefit after I buying this BAC token?

can't imagine if BAC have no value or practical value. After all, there are too many scams here

Maybe BAC just be an another altcoin, buy this token is like buy a coin which yet on market, and if you were lucky, you can earn much when the token on exchange, or you will go bankrupt.

On the plus side, LakeBTC is a bitcoin exchange, we have no need to worry that the BAC can't be trade on the market, perhaps this is the biggest advantage of this project, so far.

at last, this thing is essentially gambling, you win you rich, you lose you dead.

Why do not you treat it as a stock share directly? So that we can look forward to its benefits more, as we buy the initial shares.

BAC trading will be enabled at LakeBTC.com 3 days after the close of Phase 2.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: GreenCoin22 on July 20, 2017, 03:27:39 AM
how to participate in? and what will be the rewards as return??

I think it's the point, there is no one willing to be a philanthropist.

To participate, please go to https://lakebanker.com/ and click on the "Get Token BAC" link. It will take you to a page with information on how to participate.

Some of the most successful technology companies in the world are free to the average user. Are Google or Facebook just philanthropists?  They are so successful because they offer many great services for free - they attract billions of users and generate revenue from value-added services.

Our token (BAC) will be well-intergrated in our business model and has significant, long-term utility in driving transactions in our system. BAC in the LakeBanker system is comparable to XRP in Ripple (see https://ripple.com/xrp/) and ETH in Ethereum (https://www.ethereum.org/ether). BAC is the fuel or, more precisely, the de facto currency of the system. All fees and interest in the system will be denominated in BAC. BAC will be based on the Ethereum blockchain and is ERC20-compliant.

When the LakeBanker system is mature, BAC will circulate amongst millions and eventually billions of users. The demand will be very strong. The price of BAC is in the future is likely to reflect this.
Thanks for the detailed explanation, will login the website to take a look.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: davide72 on July 20, 2017, 03:41:22 AM
hi dev could you reserve for me italian translations thanks!


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Jamacn on July 20, 2017, 03:47:59 AM
The mode of operation is explained too simply, without understanding, please elaborate
yeah, also think so.
is it just another e-Wallet like OKPay, PerfectMoney etc?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 20, 2017, 05:21:53 AM
The mode of operation is explained too simply, without understanding, please elaborate
yeah, also think so.
is it just another e-Wallet like OKPay, PerfectMoney etc?

A digital wallet allows an individual to make electronic transactions only. That is just a very small part of what we offer.

We are also a financial services company. We expect our free payment network to attract many many users. We acquire big data, which gives us, higher---risk adjusted----returns on the financial services we offer (for example p2p lending, credit cards, car loans, student loans, mortgages, micro loans, insurance and asset-backed securities).

In addition, our crowd banking model significantly reduces our overhead when compared to regular banks (we don't have brick-and-mortar branches, for example).

Further, we are Blockchain enthusiasts! We want to bring cryptocurrencies to the world's billions.  



Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Jamacn on July 20, 2017, 06:17:54 AM
The mode of operation is explained too simply, without understanding, please elaborate
yeah, also think so.
is it just another e-Wallet like OKPay, PerfectMoney etc?

A digital wallet allows an individual to make electronic transactions only. That is just a very small part of what we offer.

We are also a financial services company. We expect our free payment network to attract many many users. We acquire big data, which gives us, higher---risk adjusted----returns on those financial services (for example p2p lending, credit cards, car loans, student loans, mortgages, micro loans, insurance and asset-backed securities).

In addition, we are Blockchain enthusiasts! We want to bring cryptocurrencies to the world's billions. 



ok, a little more clear about this.
expectancy


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 20, 2017, 06:59:02 AM
Conversion rate for phase 2 is final or need to modify there. Very big difference between phase 1 and 2 because participants of phase 1 get 10x more just investing there. This is very confusing thing can you explain about them?

For phrase 2, we may adjust prices before the sale starts if market prices change dramatically. We are doing phase 1 to gather feedback from the community and collaborate with early investors in the early phase of the project. In return, we are offering tokens at a discount.

Please remember that phase 2 will be an auction: the market will determine the final price of our tokens. We believe that this is the fairest way.



Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: tiggytomb on July 20, 2017, 07:16:13 AM
I like the idea of Crowdbanking, Peer to Peer lending is already quite huge and this makes sense as something Crypto could do really well in.  

My only problem is the fact that the ICO is restricted to just ETH, if it were open to accepting BTC it might be something that I would be interested in, is there a possibility to offer BTC as a method also?

Edit:  Apologies, I see that BTC is accepted also, I was just looking at the conversion part where it showed Phase 1 - Fixed Price Sale   1 ETH = ? BAC


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 20, 2017, 07:17:59 AM
Similar to ripple,steem?

Ripple's approach is to beg big banks to use their tech, and to replace the current SWIFT. They claim to be SWIFT 2.0. It's like a top-down approach. LakeBanker is different. We are bottom up. We don't beg banks to change. We change banks. We are more than just a payment protocol. LakeBanker is designed to offer a wide range of banking and financial services. So we believe our potential is much bigger than Ripple's.

Our model is to coordinate a Peer-to-Peer market in which individuals supply banking services to one another. Steem is also Peer-to-Peer in social media whilst we are in banking and financial services. So it is a completely different use case.

Our crowd banking model is unique. No one is doing what we are doing.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 20, 2017, 07:36:35 AM
I like the idea of Crowdbanking, Peer to Peer lending is already quite huge and this makes sense as something Crypto could do really well in.  

My only problem is the fact that the ICO is restricted to just ETH, if it were open to accepting BTC it might be something that I would be interested in, is there a possibility to offer BTC as a method also?

Edit:  Apologies, I see that BTC is accepted also, I was just looking at the conversion part where it showed Phase 1 - Fixed Price Sale   1 ETH = ? BAC

Sure, no problem. The price of tokens is stated in terms of ETH. The price in terms of BTC will be determined by the exchange rate at the time.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: bounst on July 20, 2017, 07:38:00 AM
I like the idea of Crowdbanking, Peer to Peer lending is already quite huge and this makes sense as something Crypto could do really well in.  

My only problem is the fact that the ICO is restricted to just ETH, if it were open to accepting BTC it might be something that I would be interested in, is there a possibility to offer BTC as a method also?

Edit:  Apologies, I see that BTC is accepted also, I was just looking at the conversion part where it showed Phase 1 - Fixed Price Sale   1 ETH = ? BAC

This is easy to understand, the structure of ETH is suitable for ICO or token sales, but BTC is not.

Still, you can set a rate of BTCETH, then you can accept BTC at the same time.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: pralala22 on July 20, 2017, 08:00:23 AM
I like this one , waiting for more news


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: titulng on July 20, 2017, 08:40:31 AM
The mode of operation is explained too simply, without understanding, please elaborate
yeah, also think so.
is it just another e-Wallet like OKPay, PerfectMoney etc?

A digital wallet allows an individual to make electronic transactions only. That is just a very small part of what we offer.

We are also a financial services company. We expect our free payment network to attract many many users. We acquire big data, which gives us, higher---risk adjusted----returns on those financial services (for example p2p lending, credit cards, car loans, student loans, mortgages, micro loans, insurance and asset-backed securities).

In addition, we are Blockchain enthusiasts! We want to bring cryptocurrencies to the world's billions. 




ok, I think the concept is interesting, but the mission is so boring.

people who need transfer money frequently are always few, most people will not transfer even once a year.

as said lenging, loan, insurance, this may be novel, but if these are free, how do you run the business?

maybe my mind is too stupid, and I look forward to your more detailed plan.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: MeGaS1k on July 20, 2017, 08:51:17 AM
Nothing is free when it comes to money. Especially Free Banking sound weird...But hey, good luck.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Mieehayii on July 20, 2017, 08:59:31 AM
The mode of operation is explained too simply, without understanding, please elaborate
yeah, also think so.
is it just another e-Wallet like OKPay, PerfectMoney etc?

A digital wallet allows an individual to make electronic transactions only. That is just a very small part of what we offer.

We are also a financial services company. We expect our free payment network to attract many many users. We acquire big data, which gives us, higher---risk adjusted----returns on those financial services (for example p2p lending, credit cards, car loans, student loans, mortgages, micro loans, insurance and asset-backed securities).

In addition, we are Blockchain enthusiasts! We want to bring cryptocurrencies to the world's billions. 




ok, I think the concept is interesting, but the mission is so boring.

people who need transfer money frequently are always few, most people will not transfer even once a year.

as said lenging, loan, insurance, this may be novel, but if these are free, how do you run the business?

maybe my mind is too stupid, and I look forward to your more detailed plan.

Do not make a judgment too early, you see, it just a beta version which even have uploaded the white paper yet.

let's wait and see how it's growing


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: AND01 on July 20, 2017, 09:22:21 AM
Without a roadmap for technology development, just a roadmap for economic development, without a technology development team,   Perhaps not block chain technology    the 2019 roadmap is impractical and impossible to complete.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: cryptaxo on July 20, 2017, 09:41:35 AM
reserved chinese translation, please PM if needed


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: titulng on July 20, 2017, 10:12:48 AM
The mode of operation is explained too simply, without understanding, please elaborate
yeah, also think so.
is it just another e-Wallet like OKPay, PerfectMoney etc?

A digital wallet allows an individual to make electronic transactions only. That is just a very small part of what we offer.

We are also a financial services company. We expect our free payment network to attract many many users. We acquire big data, which gives us, higher---risk adjusted----returns on those financial services (for example p2p lending, credit cards, car loans, student loans, mortgages, micro loans, insurance and asset-backed securities).

In addition, we are Blockchain enthusiasts! We want to bring cryptocurrencies to the world's billions. 




ok, I think the concept is interesting, but the mission is so boring.

people who need transfer money frequently are always few, most people will not transfer even once a year.

as said lenging, loan, insurance, this may be novel, but if these are free, how do you run the business?

maybe my mind is too stupid, and I look forward to your more detailed plan.

Do not make a judgment too early, you see, it just a beta version which even have uploaded the white paper yet.

let's wait and see how it's growing

I did not make a trial, I just said my thoughts. anyways, we need more instructions to decide whether to join the investors of this project


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Jamacn on July 20, 2017, 10:42:02 AM
Without a roadmap for technology development, just a roadmap for economic development, without a technology development team,   Perhaps not block chain technology    the 2019 roadmap is impractical and impossible to complete.

just as I said, it's crazy and mad. maybe the next version will explain it carefully and release a detailed plan for each step, it's obvious that no one just looked at the thumbnail to set off.

so I would never say something was impossible, I do not want to be a false prophet even if only one ten thousandth chance.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Mieehayii on July 21, 2017, 01:47:04 AM
The mode of operation is explained too simply, without understanding, please elaborate
yeah, also think so.
is it just another e-Wallet like OKPay, PerfectMoney etc?

A digital wallet allows an individual to make electronic transactions only. That is just a very small part of what we offer.

We are also a financial services company. We expect our free payment network to attract many many users. We acquire big data, which gives us, higher---risk adjusted----returns on those financial services (for example p2p lending, credit cards, car loans, student loans, mortgages, micro loans, insurance and asset-backed securities).

In addition, we are Blockchain enthusiasts! We want to bring cryptocurrencies to the world's billions. 




ok, I think the concept is interesting, but the mission is so boring.

people who need transfer money frequently are always few, most people will not transfer even once a year.

as said lenging, loan, insurance, this may be novel, but if these are free, how do you run the business?

maybe my mind is too stupid, and I look forward to your more detailed plan.

Do not make a judgment too early, you see, it just a beta version which even have uploaded the white paper yet.

let's wait and see how it's growing

I did not make a trial, I just said my thoughts. anyways, we need more instructions to decide whether to join the investors of this project

did you joined their Telegram? there seems only a few people and nothing happened for now.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: coin_miner21 on July 21, 2017, 02:00:35 AM
interesting concept. Looking forward more info. Wish your project good luck.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: deddod01 on July 21, 2017, 02:10:13 AM
It is good to see there are a proven network behind this. I wish the best

A good banking company for the future, when has branch in indonesia ;D ;D ;D


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 21, 2017, 05:46:02 AM
It is good to see there are a proven network behind this. I wish the best

A good banking company for the future, when has branch in indonesia ;D ;D ;D

We don't have branches. All the functions ordinarily provided by high-street branches are sourced from our network of LakeBankers (individuals, convenience stores, money exchangers etc). This is crowd banking.

Our network will grow exponentially. So, there will be many, many LakeBankers in Indonesia and everywhere else once we get going.

Look out for us man. We're coming. And high street branches will be a thing of the past when we're done. 


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Ansen1129 on July 21, 2017, 07:10:49 AM
Guys, pay attention, this company is like a scammer. It's falling down. Many of us got money stuck LakeBTC.com and can not withdraw both BTC or USD. No banker process my request. Also no one reply my email. It's such unserious behavior.  >:( >:( >:( >:(

They just kidnapped our money and didn't give us a shit...


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: titulng on July 21, 2017, 09:59:50 AM
Guys, pay attention, this company is like a scammer. It's falling down. Many of us got money stuck LakeBTC.com and can not withdraw both BTC or USD. No banker process my request. Also no one reply my email. It's such unserious behavior.  >:( >:( >:( >:(

They just kidnapped our money and didn't give us a shit...

I've seen a lot of things like that, it may people who deposit to buy coins are too many, or people who sell coins to withdraw are too many, no matter which one happens, there will be liquidity issues.

especially when the volatile are huge, just like now. the greater the volume, the greater the crisis. and once the crisis come, the exchange also have no way to deal with, they can usually do is only wait to the price volatility gone.

could i know what happened on you?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: btceuropen on July 21, 2017, 10:16:31 AM
interesting.

but how to free ??  what the difference between you and okoay, perfect money etc. they are also free to transfer with a high withdraw fees. the other hand, PayPal is not free to transfer and has a relatively cheaper fee to withdraw.

so if I understand correctly, this project is completely free? or another type?

yeah the idea is interesting, but where and how to find lakebanker?
even as perfect money, okpay etc which have developed many years, the partners were not too much and wide. and their exchangers are all corporate instead of individual.
so saw your website plans to train 100000 private lakebanker around the world, it's mad and crazy :o

maybe producing 100 thousand in one year is not difficult, do you know how many new seller shops were opened every year on ebay? these are template production, as long as the first batch, the rest completely without any difficulty. but if the first batch has not been successfully manufactured, it must be failed.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: huu78 on July 21, 2017, 10:28:37 AM
I really agree with the mission and goals lakebanker.but how to realize such a mission
 ( make banking free, for everyone, forever, and to deliver other financial services, including access to cryptocurrencies, at a much lower cost)


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: thedivine1 on July 21, 2017, 10:44:36 AM
Seems interesting!!
Good Luck - shall keep monitoring!!


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Kwelstr on July 21, 2017, 10:48:31 AM
I am interested and will follow this topic so I wont forget. Seems like a good initiative.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: nhiatay on July 21, 2017, 10:54:57 AM
It seems cannot login to LakeBTC.com after register an account, anyone facing same issue ?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: hh_relic on July 21, 2017, 11:03:11 AM

It looks like we have to wait for more information about this token project, in fact its roadmap is good, just we'll see if this token will be good, like the plan of this project. I will ask permission to bookmark first


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Francesca on July 21, 2017, 11:11:00 AM
interesting.

but how to free ??  what the difference between you and okoay, perfect money etc. they are also free to transfer with a high withdraw fees. the other hand, PayPal is not free to transfer and has a relatively cheaper fee to withdraw.

so if I understand correctly, this project is completely free? or another type?

Our model is similar to many of the world's most successful technology companies. Think about emails, search engines and social media sites. They are free for the average user. As a result, they gather billions of users and make profits on value-added services.

We offer basic banking services for free. For example, user to user or user to merchant payments will be free. This will attract many users. As we acquire and analyse more user data we will generate risk-adjusted revenue by offering various types of financial services, for example p2p lending, credit cards, car loans, student loans, micro loans, residential and commercial mortgages, insurance, equities, financial advisory, funds, trusts, asset-backed securities, mortgage-backed securities, crowdfunding, and ICO.

Our business model will be fully explained in our forthcoming white paper

great!

should we would have a bitcoin credit card with a new card organization? it's really exciting!


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: l10no on July 21, 2017, 11:12:18 AM
Very interesting

With a pretty convincing concept, I'm sure this project will absorb a lot of manpower, but I guess with such a good concept, it needs a bounty or a signature campaign to expand it, and more people will be interested, good luck


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Pkuwag on July 21, 2017, 11:24:18 AM
The mode of operation is explained too simply, without understanding, please elaborate
yeah, also think so.
is it just another e-Wallet like OKPay, PerfectMoney etc?

A digital wallet allows an individual to make electronic transactions only. That is just a very small part of what we offer.

We are also a financial services company. We expect our free payment network to attract many many users. We acquire big data, which gives us, higher---risk adjusted----returns on those financial services (for example p2p lending, credit cards, car loans, student loans, mortgages, micro loans, insurance and asset-backed securities).

In addition, we are Blockchain enthusiasts! We want to bring cryptocurrencies to the world's billions. 




ok, I think the concept is interesting, but the mission is so boring.

people who need transfer money frequently are always few, most people will not transfer even once a year.

as said lenging, loan, insurance, this may be novel, but if these are free, how do you run the business?

maybe my mind is too stupid, and I look forward to your more detailed plan.


before entry Bitcoin, I was these people who never use bank or other payment to transfer money  :'( 

but now, I can say that I will send or receive at leaset one transfer every week.  :D


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Fioraver on July 21, 2017, 03:22:06 PM
meanful concept and easy to understand, I am interested. but I need to know how to reach the goal, by steps.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: JoePhoenix on July 21, 2017, 04:16:09 PM
Any bounties? I like it though but it's a long wait as it will be held until October.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: posternat on July 21, 2017, 05:02:16 PM
The only problem with stuff like this is that it takes a decentralized unit and turns it into something that is more centralized. The exchanges have done enough by half having to meet the know your customer regulations and things like that. Any website that's going to deal with your address going to have to keep it in a database all of this is becoming centralized we're trying to keep it uncentralized that is the entire idea of Bitcoin and the entire idea of a blockchain.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: virasog on July 21, 2017, 08:00:48 PM
If you could do this using simply software simply wallet software and nothing else no websites or anything like that then you might have a better shot otherwise you're just taking it easy centralized currency and turning it into something that's becoming centralized. We do not need anything that is centralized as we are already fed up with fiat centralization thing.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: titulng on July 22, 2017, 02:29:17 AM
The mode of operation is explained too simply, without understanding, please elaborate
yeah, also think so.
is it just another e-Wallet like OKPay, PerfectMoney etc?

A digital wallet allows an individual to make electronic transactions only. That is just a very small part of what we offer.

We are also a financial services company. We expect our free payment network to attract many many users. We acquire big data, which gives us, higher---risk adjusted----returns on those financial services (for example p2p lending, credit cards, car loans, student loans, mortgages, micro loans, insurance and asset-backed securities).

In addition, we are Blockchain enthusiasts! We want to bring cryptocurrencies to the world's billions. 




ok, I think the concept is interesting, but the mission is so boring.

people who need transfer money frequently are always few, most people will not transfer even once a year.

as said lenging, loan, insurance, this may be novel, but if these are free, how do you run the business?

maybe my mind is too stupid, and I look forward to your more detailed plan.


before entry Bitcoin, I was these people who never use bank or other payment to transfer money  :'( 

but now, I can say that I will send or receive at leaset one transfer every week.  :D

you might like this decentralized  transcations, but for this lake banker project, how to decentralized is wait for them to explain more.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Jamacn on July 22, 2017, 03:15:12 AM
The only problem with stuff like this is that it takes a decentralized unit and turns it into something that is more centralized. The exchanges have done enough by half having to meet the know your customer regulations and things like that. Any website that's going to deal with your address going to have to keep it in a database all of this is becoming centralized we're trying to keep it uncentralized that is the entire idea of Bitcoin and the entire idea of a blockchain.

agreed, how to decentralized and keep the system running efficiently, this is a challenge for the project.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: TinaK on July 22, 2017, 04:31:06 AM
interesting mission, if it was successful, it may make the bank disappear from this earth.

but, so many other companies also claim to launch a revolution with bank, such as Alipay. however, Alipay eventually had to admit to the bank, and lose.

how do you think LakeBanker will avoid the control of government? Or, as far as possible not against any government's policy.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Bejkn on July 22, 2017, 06:10:56 AM
interesting mission, if it was successful, it may make the bank disappear from this earth.

but, so many other companies also claim to launch a revolution with bank, such as Alipay. however, Alipay eventually had to admit to the bank, and lose.

how do you think LakeBanker will avoid the control of government? Or, as far as possible not against any government's policy.

another problem is that if there is a fraudster to be your banker, he will just run once he received the funds, what should you do?

you may have its own personal authentication information, however this is not only a credit problem, the key point is the money have gone.

so I think this is too early to decentralized the banking authority, because it must be built in a credit world. 


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Cassie.Jill on July 22, 2017, 06:58:45 AM
wow, amazing concept! I can imagine the blueprint, can't wait to check the official version and see more details.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: bounst on July 22, 2017, 10:32:43 AM
interesting mission, if it was successful, it may make the bank disappear from this earth.

but, so many other companies also claim to launch a revolution with bank, such as Alipay. however, Alipay eventually had to admit to the bank, and lose.

how do you think LakeBanker will avoid the control of government? Or, as far as possible not against any government's policy.

yeah, lost of problems have not explained in this thread now, I think this is just a pre-announcement instead of official announcement.

even the phase.1 is also pro-sales, They plan to arrange official sales (phase.2) in October.

so, I will not evaluate whether the lakebanker project is worth investing or not, until the team put all the information available to the public.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Nrcewker on July 22, 2017, 11:06:19 AM
It's great to see Lake Banker project evenutally launched separately.
as the first batch of bankers, I was happy to make profits for help people buy/sell bitcoins, but with the users' growth, eventually I was overwhelmed by the strong requests.
 


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: bounst on July 22, 2017, 11:19:44 AM
It's great to see Lake Banker project evenutally launched separately.
as the first batch of bankers, I was happy to make profits for help people buy/sell bitcoins, but with the users' growth, eventually I was overwhelmed by the strong requests.
 

how much do you earned every month? $500? $1000? $5000? or more?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Fioraver on July 23, 2017, 01:24:26 AM
interesting mission, if it was successful, it may make the bank disappear from this earth.

but, so many other companies also claim to launch a revolution with bank, such as Alipay. however, Alipay eventually had to admit to the bank, and lose.

how do you think LakeBanker will avoid the control of government? Or, as far as possible not against any government's policy.

for a cross-border business, such a problem need a professional bar of lawyers.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Mieehayii on July 23, 2017, 06:32:04 AM
interesting mission, if it was successful, it may make the bank disappear from this earth.

but, so many other companies also claim to launch a revolution with bank, such as Alipay. however, Alipay eventually had to admit to the bank, and lose.

how do you think LakeBanker will avoid the control of government? Or, as far as possible not against any government's policy.

another problem is that if there is a fraudster to be your banker, he will just run once he received the funds, what should you do?

you may have its own personal authentication information, however this is not only a credit problem, the key point is the money have gone.

so I think this is too early to decentralized the banking authority, because it must be built in a credit world. 

nothing can be done overnight, everything always has a beginning. I am looking forward to seeing the specific steps from the team/


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: cryptaxo on July 23, 2017, 06:45:42 AM
if you need chinese translation  and chinese thread management please Pm me.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: deddod01 on July 23, 2017, 07:00:59 AM
With the free banking project in the world hopefully everything can be done quickly, so the money cycle will flow with a little friction, from one person to another, from one currency to another currency and from one country to another with a relative cost Cheap, safe and guaranteed as soon as possible by the legality of a country.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Pkuwag on July 23, 2017, 07:13:38 AM
I have get my Lakebtc account back, and deposit some btc to  account balance.

how to join in the Phase 1. token sales? your instructions (https://lakebanker.com/sale) just said make a payment to tokensale@lakebanker.com. but it did not any respond after I send a payment to the designated account, that only my balance was deducted accordingly with no BAC token happened.

had I been involved? any tips or records?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 23, 2017, 07:40:56 AM
I really agree with the mission and goals lakebanker.but how to realize such a mission
 ( make banking free, for everyone, forever, and to deliver other financial services, including access to cryptocurrencies, at a much lower cost)

It's an ambitious mission for sure. We will be releasing many more details soon in our white paper.

For now, the basic way we execute this mission is as follows:

Banks suck. They rely on outdated technology (paper, physical cards, atms) and their business model is out of date: they still have brick and mortar high street branches and sometimes hundreds of thousands of employees. That's why they are so expensive.

We use the latest tech (especially mobile and AI) and a crowd banking model to massively reduce our costs. Say you want to make a cash deposit: you click a button on our app---the app transmits the request to local LakeBankers (kind of like calling an uber). A nearby convenience store accepts. You drop off your cash there and you're payed into the system. The cost to us of accepting the deposit is almost zero. We don't need expensive branches. We don't need many employees.

Our reduced costs compared to traditional banks mean we can offer core services for free. Especially user to user and user to merchant payments. Free services like these are incredibly useful. We expect to attract many users. This gives us a large market to which we can offer financial services (loans, p2p lending) etc and gives us access to Big Data. This is how we will make money.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: 5628398 on July 23, 2017, 07:47:57 AM
I really agree with the mission and goals lakebanker.but how to realize such a mission
 ( make banking free, for everyone, forever, and to deliver other financial services, including access to cryptocurrencies, at a much lower cost)

It's an ambitious mission for sure. We will be releasing many more details soon in our white paper.

For now, the basic way we execute this mission is as follows:

Banks suck. They rely on outdated technology (paper, physical cards, atms) and their business model is out of date: they still have brick and mortar high street branches and sometimes hundreds of thousands of employees. That's why there are so expensive.

We use the latest tech (especially mobile and AI) and a crowd banking model to massively reduce our costs. Say you want to make a cash deposit: you click a button on our app---the app transmits the request to local LakeBankers (kind of like calling an uber). A nearby convenience store accepts. You drop off your cash there and you're payed into the system. The cost to us of accepting the deposit is almost zero. We don't need expensive branches. We don't need many employees.

Our reduced costs compared to traditional banks mean we can offer core services for free. Especially user to user and user to merchant payments. Free services like these are incredibly useful. We expect to attract many users. This gives us a large market to which we can offer financial services (loans, p2p lending) etc and gives us access to Big Data. This is how we will make money.

will you open signature bounty ??
i think that is very good project .


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 23, 2017, 07:59:38 AM
The only problem with stuff like this is that it takes a decentralized unit and turns it into something that is more centralized. The exchanges have done enough by half having to meet the know your customer regulations and things like that. Any website that's going to deal with your address going to have to keep it in a database all of this is becoming centralized we're trying to keep it uncentralized that is the entire idea of Bitcoin and the entire idea of a blockchain.

Part of our mission is to make bitcoin and other crypto assets more accessible. We are a spinoff of LakeBTC. We inherit their core team, expertise, tech, culture and so on. We are blockchain enthusiasts!

But we also want to change banking and bring free banking to the world, especially to currently under banked populations. A migrant worker wanting to send home a small remittance doesn't care about on-chain transactions. They just want to move money around easily and without heavy fees. (Bank of America international wire is $40!)

Bitcoin was designed in part to allow money to flow freely between individuals without going through a centralised institution. But it many respects it has not achieved that goal: complexity is high, security is a concern for people, price volatility is an issue and transaction fees are rising. Right now it's an important supplement to the existing financial world but it still has a long way to go.

With us, if you want on-chain transactions that's great, we'll make it easy and secure. People who care less about decentralisation can take advantage of our free services. Everybody wins (unless you're a bank).


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 23, 2017, 08:02:16 AM
If you could do this using simply software simply wallet software and nothing else no websites or anything like that then you might have a better shot otherwise you're just taking it easy centralized currency and turning it into something that's becoming centralized. We do not need anything that is centralized as we are already fed up with fiat centralization thing.

Good point. But see my reply to the poster above you and let me know if it doesn't address your concerns.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 23, 2017, 08:08:37 AM
The only problem with stuff like this is that it takes a decentralized unit and turns it into something that is more centralized. The exchanges have done enough by half having to meet the know your customer regulations and things like that. Any website that's going to deal with your address going to have to keep it in a database all of this is becoming centralized we're trying to keep it uncentralized that is the entire idea of Bitcoin and the entire idea of a blockchain.

agreed, how to decentralized and keep the system running efficiently, this is a challenge for the project.


Our free payment network is not decentralised. So it won't be hard to keep the system running. The cost to us of handling a payment is very close to zero once the infrastructure is there.

For those that want their transactions on-chain, we will provide services there too---backed up by the expertise in security that LakeBTC is known for.





Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: CUNÉGONDE on July 23, 2017, 10:45:02 AM

it's a so exciting thing, and can't wait to know the whole of lakebanker, except to the coming white paper


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: AND01 on July 24, 2017, 12:55:14 AM
Lakebanker is not a block chaining technique?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: a859898 on July 24, 2017, 01:01:31 AM

Although I'm not sure about the concept of this project, but it will be an interesting project, hopefully it can run well and good luck for LakeBanker


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 24, 2017, 02:47:43 AM
Lakebanker is not a block chaining technique?


No. We're a financial technology company, but we're also Blockchain enthusiasts (we are a spinoff from cryptocurrency exchange LakeBTC). Part of what we want to do is make cryptocurrencies and other digital assets much more accessible. But that really is just a small part of a massive project: to make core banking services free for the world.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 24, 2017, 02:48:57 AM

Although I'm not sure about the concept of this project, but it will be an interesting project, hopefully it can run well and good luck for LakeBanker



Thanks. If you're not sure about the concept please ask some questions. Part of why we're here is to get useful feedback rom the community.



Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 24, 2017, 02:50:28 AM
interesting mission, if it was successful, it may make the bank disappear from this earth.

but, so many other companies also claim to launch a revolution with bank, such as Alipay. however, Alipay eventually had to admit to the bank, and lose.

how do you think LakeBanker will avoid the control of government? Or, as far as possible not against any government's policy.


We want to change banks, not governments. We plan to stay fully compliant with local laws and regulations, wherever we operate.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 24, 2017, 03:00:57 AM
interesting mission, if it was successful, it may make the bank disappear from this earth.

but, so many other companies also claim to launch a revolution with bank, such as Alipay. however, Alipay eventually had to admit to the bank, and lose.

how do you think LakeBanker will avoid the control of government? Or, as far as possible not against any government's policy.

for a cross-border business, such a problem need a professional bar of lawyers.

Sure. We expect to invest significantly in legal advice as we plan to stay compliant and work with regulators wherever we operate.

For us, that's worth it---the financial industry needs to change. The are 5 Billion underbanked people in the world, and---for the rest of us---banking is expensive and time consuming. It doesn't have to be like that. And we're going to change it. 


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 24, 2017, 03:20:44 AM
Guys, pay attention, this company is like a scammer. It's falling down. Many of us got money stuck LakeBTC.com and can not withdraw both BTC or USD. No banker process my request. Also no one reply my email. It's such unserious behavior.  >:( >:( >:( >:(

They just kidnapped our money and didn't give us a shit...


We have 10 million user accounts. There was bound to be at least one lunatic...


Just kidding. The guys at LakeBTC are looking into your case and will be in touch shortly. Demand is very strong right now and everyone loves liquidity.



Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 24, 2017, 03:28:01 AM
It's great to see Lake Banker project evenutally launched separately.
as the first batch of bankers, I was happy to make profits for help people buy/sell bitcoins, but with the users' growth, eventually I was overwhelmed by the strong requests.
 


Thanks. Yeh the beta has been running for a while. We have many LakeBankers but the demand is incredibly strong. Right now, we're a little bit like Uber but without enough drivers. People send out requests for LakeBankers but there isn't enough supply. But we know the idea of Crowd-Banking works; its just a matter of expanding. Thats why we're doing the Token Sale.

With investment we can grow our network of LakeBankers exponentially. There will be many, many more of you in the future. But thanks for your service so far.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 24, 2017, 03:32:05 AM
I have get my Lakebtc account back, and deposit some btc to  account balance.

how to join in the Phase 1. token sales? your instructions (https://lakebanker.com/sale) just said make a payment to tokensale@lakebanker.com. but it did not any respond after I send a payment to the designated account, that only my balance was deducted accordingly with no BAC token happened.

had I been involved? any tips or records?

Please check you PM. And thanks for your interest in buying tokens early.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: GreenCoin22 on July 24, 2017, 03:38:52 AM
sorry, just found an another problem.

e.g.  i entrust a lakebanker to help me transfer money, but if the lakebanker just take my money away and run to a place where no one knows. what should i do in this case? are there any appropriate debt collection and compensation measures?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 24, 2017, 04:35:44 AM
sorry, just found an another problem.

e.g.  i entrust a lakebanker to help me transfer money, but if the lakebanker just take my money away and run to a place where no one knows. what should i do in this case? are there any appropriate debt collection and compensation measures?

Good question.

We are are a spinoff from LakeBTC.com. We've been around for years and have an almost unrivalled reputation for reliability and security. We know how to handle people's money.

As to the specific questions about individual Lakebankers running away with customers money. Cash deposits/withdrawals are more likely to be handled by local businesses (convenience store, money exchangers etc.) than individuals. They're already set up to handle cash securely. For electronic payment options, the system will protect users money. Further, we perform checks on individual LakeBankers (id, documentation, checks, biometrics (eventually)) and our AI continuously monitors performance, user reviews etc. Risk will be extremely well managed in our system.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: GÜNther.Danish on July 24, 2017, 10:30:35 AM
I really agree with the mission and goals lakebanker.but how to realize such a mission
 ( make banking free, for everyone, forever, and to deliver other financial services, including access to cryptocurrencies, at a much lower cost)

It's an ambitious mission for sure. We will be releasing many more details soon in our white paper.

For now, the basic way we execute this mission is as follows:

Banks suck. They rely on outdated technology (paper, physical cards, atms) and their business model is out of date: they still have brick and mortar high street branches and sometimes hundreds of thousands of employees. That's why there are so expensive.

We use the latest tech (especially mobile and AI) and a crowd banking model to massively reduce our costs. Say you want to make a cash deposit: you click a button on our app---the app transmits the request to local LakeBankers (kind of like calling an uber). A nearby convenience store accepts. You drop off your cash there and you're payed into the system. The cost to us of accepting the deposit is almost zero. We don't need expensive branches. We don't need many employees.

Our reduced costs compared to traditional banks mean we can offer core services for free. Especially user to user and user to merchant payments. Free services like these are incredibly useful. We expect to attract many users. This gives us a large market to which we can offer financial services (loans, p2p lending) etc and gives us access to Big Data. This is how we will make money.

will you open signature bounty ??
i think that is very good project .

i think it's more exciting than the project itself  ::)


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 26, 2017, 02:18:46 AM
I really agree with the mission and goals lakebanker.but how to realize such a mission
 ( make banking free, for everyone, forever, and to deliver other financial services, including access to cryptocurrencies, at a much lower cost)

It's an ambitious mission for sure. We will be releasing many more details soon in our white paper.

For now, the basic way we execute this mission is as follows:

Banks suck. They rely on outdated technology (paper, physical cards, atms) and their business model is out of date: they still have brick and mortar high street branches and sometimes hundreds of thousands of employees. That's why there are so expensive.

We use the latest tech (especially mobile and AI) and a crowd banking model to massively reduce our costs. Say you want to make a cash deposit: you click a button on our app---the app transmits the request to local LakeBankers (kind of like calling an uber). A nearby convenience store accepts. You drop off your cash there and you're payed into the system. The cost to us of accepting the deposit is almost zero. We don't need expensive branches. We don't need many employees.

Our reduced costs compared to traditional banks mean we can offer core services for free. Especially user to user and user to merchant payments. Free services like these are incredibly useful. We expect to attract many users. This gives us a large market to which we can offer financial services (loans, p2p lending) etc and gives us access to Big Data. This is how we will make money.

will you open signature bounty ??
i think that is very good project .

Yes, the signature bounty will be launched today or tomorrow. Stay tuned.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 28, 2017, 04:27:20 AM
We are pleased to announce that LakeBTC.com now accepts ETH (Ethereum) deposits for the purpose of the LakeBanker Token Sale.

To make an ETH deposit, log into your LakeBTC.com account, click "Wallet" in the menu, then "ETH" button to create ETH subaccounts. Click "Deposit" tab, then "ETH" tab to view your personal ETH deposit address.

Please ONLY transfer ETH to this address. Do not send tokens. The minimum amount for the deposit is 0.01 ETH, and 30 confirmations are needed.

ETH is not tradable and cannot be withdrawn from LakeBTC at this time. These features are expected to be available to public before October 2017.

Further Information about the Token Sale can be found on: https://lakebanker.com/.

Should you have any questions, please contact customer support at help@lakebtc.com


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on July 30, 2017, 06:22:53 AM
Our bounty campaign is now open at LakeBanker.com (http://LakeBanker.com)


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Alexandr Korelko on July 30, 2017, 09:24:11 PM
To gauge this project accurately I want to look at lakebtc.com's volume, trends, etc. but there's virtually no way to do this because all info on lakebtc since 2016 seems to have disappeared into a black hole in the English speaking world. The coinmarketcap/other tracking site API is broken, virtually all forum activity and site reviews date back to 2014 and so on. Additionally, I'm not filled with confidence about a token sale for a spinoff that wants to trade 30 currencies when the original platform still won't even support ETH itself before phase 2.

Will we see LakeBTC itself make improvements to match this ICO (and ideally ahead of it)? Is there a roadmap on that side?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on July 31, 2017, 06:24:48 AM
Due to the fork risk of the Bitcoin network on or after August 1st, LakeBTC may have to suspend deposits and withdrawals of BTC to ensure the security of our users' funds. Given this, we have chosen to postpone Phase 1. of our Token Sale to a time when BTC transfers will certainly be available.

It will now be held September 15, 2017, 3pm UTC - September 20, 2017, 3pm UTC.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on July 31, 2017, 07:21:40 AM
Bounty Campaign is live at:

https://bitcointalk.org/index.php?topic=2056136 (https://bitcointalk.org/index.php?topic=2056136)


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on July 31, 2017, 06:58:10 PM
Bounty Campaign is live at:

https://bitcointalk.org/index.php?topic=2056136 (https://bitcointalk.org/index.php?topic=2056136)


Here we launch our bounty campaign where users can earn BAC through constructive support of our project.



Bitcointalk Signature Bounty

Complete this form (https://docs.google.com/forms/d/e/1FAIpQLSfCR2gInVjSzPKGwLP2AjUrNgjAh6EK4lqzZKDJ0QvehES2Vw/viewform) and change your bitcointalk.org signature (txt files below):

  • Full Member (full.txt (https://lakebanker.com/full.txt))                     4 BAC per post, 10 posts max per day, and 50 posts max per week.
  • Senior Member (senior.txt (https://lakebanker.com/senior.txt))             6 BAC per post, 10 posts max per day, and 50 posts
  • Hero Member (hero.txt (https://lakebanker.com/hero.txt))                 8 BAC per post, 20 posts max per day, and 100 posts
  • Hero Member (legendary.txt (https://lakebanker.com/legendary.txt))         15 BAC per post, 20 posts max per day, and 100 posts


Rules:
  • Extra 1 BAC per valid post is awarded if you use LakeBanker logo (https://lakebanker.com/lakebanker_logo_128.png) as your avatar.
  • Full member or above only.
  • No negative feedback on bitcointalk.org.
  • At least 1 post per day, and min 20 posts per week.
  • Tokens will be paid along with everybody else when Token Sale ends.
  • Only constructive posts over 100 characters are valid. Poor quality and unconstructive posts are not accepted.
  • Invalid discussion boards: Beginners and help, Press, Games, Micro earnings, Politics and Society, Off-topic, Archival, Auctions.




Media

Complete this form (https://docs.google.com/forms/d/e/1FAIpQLSczbw8PK5_6VSlUXUavK0NdlGQTbvQbDc97P3zMtt0Vas9pkg/viewform), and post articles/reviews/advertisements about LakeBanker at:

  • Youtube, TechCrunch, Medium etc.            50 - 1000 BAC
  • Personal Blog or Website                          50 - 500 BAC
  • Cryptocurrency/blockchain sites                50 - 1000 BAC


Rules:
  • Tokens will be paid along with everybody else when Token Sale ends.
  • Articles/posts deleted before the end of Token Sale are invalid.
  • One article/post per site per person is valid.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 01, 2017, 04:44:24 AM
To gauge this project accurately I want to look at lakebtc.com's volume, trends, etc. but there's virtually no way to do this because all info on lakebtc since 2016 seems to have disappeared into a black hole in the English speaking world. The coinmarketcap/other tracking site API is broken, virtually all forum activity and site reviews date back to 2014 and so on. Additionally, I'm not filled with confidence about a token sale for a spinoff that wants to trade 30 currencies when the original platform still won't even support ETH itself before phase 2.

Will we see LakeBTC itself make improvements to match this ICO (and ideally ahead of it)? Is there a roadmap on that side?

We have not spoken at any summits or conferences recently as we have been having exceptional demand for our services. We also want to concentrate on our next big project: LakeBanker, which was developed and tested in stealth mode 1.5 years ago. Today we have more than 2,000 LakaBankers from all over the world with growing demand.  Linus Torvalds says: "Talk of tech innovation is BS. Shut up and get the work done".

Technically it can be a challenge to add any currencies. Our system currently supports 40+ Fiat currencies and 52 payment methods with hundreds more to come.

We choose alt coins and tokens carefully based on many aspects which include tech maturity and business credibility.  Depositing in ETH has recently been enabled on our site for the purpose of this token sale and we anticipate ETH trading to become available in October 2017. With ETH, there have been bad hacking incidents not long ago and it is not listed in some of the major exchanges neither.

And yes, we have published a roadmap of the project on our website: https://lakebanker.com/


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 01, 2017, 04:48:18 AM
I really agree with the mission and goals lakebanker.but how to realize such a mission
 ( make banking free, for everyone, forever, and to deliver other financial services, including access to cryptocurrencies, at a much lower cost)

It's an ambitious mission for sure. We will be releasing many more details soon in our white paper.

For now, the basic way we execute this mission is as follows:

Banks suck. They rely on outdated technology (paper, physical cards, atms) and their business model is out of date: they still have brick and mortar high street branches and sometimes hundreds of thousands of employees. That's why there are so expensive.

We use the latest tech (especially mobile and AI) and a crowd banking model to massively reduce our costs. Say you want to make a cash deposit: you click a button on our app---the app transmits the request to local LakeBankers (kind of like calling an uber). A nearby convenience store accepts. You drop off your cash there and you're payed into the system. The cost to us of accepting the deposit is almost zero. We don't need expensive branches. We don't need many employees.

Our reduced costs compared to traditional banks mean we can offer core services for free. Especially user to user and user to merchant payments. Free services like these are incredibly useful. We expect to attract many users. This gives us a large market to which we can offer financial services (loans, p2p lending) etc and gives us access to Big Data. This is how we will make money.

will you open signature bounty ??
i think that is very good project .

Thanks. Our Signature Bounty Campaign is now live. Please check: https://bitcointalk.org/index.php?topic=2056136


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: CUNÉGONDE on August 01, 2017, 06:23:07 AM
Bounty Campaign is live at:

https://bitcointalk.org/index.php?topic=2056136 (https://bitcointalk.org/index.php?topic=2056136)


Here we launch our bounty campaign where users can earn BAC through constructive support of our project.



Bitcointalk Signature Bounty

Complete this form (https://docs.google.com/forms/d/e/1FAIpQLSfCR2gInVjSzPKGwLP2AjUrNgjAh6EK4lqzZKDJ0QvehES2Vw/viewform) and change your bitcointalk.org signature (txt files below):

  • Full Member (full.txt (https://lakebanker.com/full.txt))                     4 BAC per post, 10 posts max per day, and 50 posts max per week.
  • Senior Member (senior.txt (https://lakebanker.com/senior.txt))             6 BAC per post, 10 posts max per day, and 50 posts
  • Hero Member (hero.txt (https://lakebanker.com/hero.txt))                 8 BAC per post, 20 posts max per day, and 100 posts
  • Hero Member (legendary.txt (https://lakebanker.com/legendary.txt))         15 BAC per post, 20 posts max per day, and 100 posts


Rules:
  • Extra 1 BAC per valid post is awarded if you use LakeBanker logo (https://lakebanker.com/lakebanker_logo_128.png) as your avatar.
  • Full member or above only.
  • No negative feedback on bitcointalk.org.
  • At least 1 post per day, and min 20 posts per week.
  • Tokens will be paid along with everybody else when Token Sale ends.
  • Only constructive posts over 100 characters are valid. Poor quality and unconstructive posts are not accepted.
  • Invalid discussion boards: Beginners and help, Press, Games, Micro earnings, Politics and Society, Off-topic, Archival, Auctions.




Media

Complete this form (https://docs.google.com/forms/d/e/1FAIpQLSczbw8PK5_6VSlUXUavK0NdlGQTbvQbDc97P3zMtt0Vas9pkg/viewform), and post articles/reviews/advertisements about LakeBanker at:

  • Youtube, TechCrunch, Medium etc.            50 - 1000 BAC
  • Personal Blog or Website                          50 - 500 BAC
  • Cryptocurrency/blockchain sites                50 - 1000 BAC


Rules:
  • Tokens will be paid along with everybody else when Token Sale ends.
  • Articles/posts deleted before the end of Token Sale are invalid.
  • One article/post per site per person is valid.

great to hear that, would like to take a look.
and what the fixed price of BAC??


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 01, 2017, 06:41:53 AM
Bounty Campaign is live at:

https://bitcointalk.org/index.php?topic=2056136 (https://bitcointalk.org/index.php?topic=2056136)


Here we launch our bounty campaign where users can earn BAC through constructive support of our project.



Bitcointalk Signature Bounty

Complete this form (https://docs.google.com/forms/d/e/1FAIpQLSfCR2gInVjSzPKGwLP2AjUrNgjAh6EK4lqzZKDJ0QvehES2Vw/viewform) and change your bitcointalk.org signature (txt files below):

  • Full Member (full.txt (https://lakebanker.com/full.txt))                     4 BAC per post, 10 posts max per day, and 50 posts max per week.
  • Senior Member (senior.txt (https://lakebanker.com/senior.txt))             6 BAC per post, 10 posts max per day, and 50 posts
  • Hero Member (hero.txt (https://lakebanker.com/hero.txt))                 8 BAC per post, 20 posts max per day, and 100 posts
  • Hero Member (legendary.txt (https://lakebanker.com/legendary.txt))         15 BAC per post, 20 posts max per day, and 100 posts


Rules:
  • Extra 1 BAC per valid post is awarded if you use LakeBanker logo (https://lakebanker.com/lakebanker_logo_128.png) as your avatar.
  • Full member or above only.
  • No negative feedback on bitcointalk.org.
  • At least 1 post per day, and min 20 posts per week.
  • Tokens will be paid along with everybody else when Token Sale ends.
  • Only constructive posts over 100 characters are valid. Poor quality and unconstructive posts are not accepted.
  • Invalid discussion boards: Beginners and help, Press, Games, Micro earnings, Politics and Society, Off-topic, Archival, Auctions.




Media

Complete this form (https://docs.google.com/forms/d/e/1FAIpQLSczbw8PK5_6VSlUXUavK0NdlGQTbvQbDc97P3zMtt0Vas9pkg/viewform), and post articles/reviews/advertisements about LakeBanker at:

  • Youtube, TechCrunch, Medium etc.            50 - 1000 BAC
  • Personal Blog or Website                          50 - 500 BAC
  • Cryptocurrency/blockchain sites                50 - 1000 BAC


Rules:
  • Tokens will be paid along with everybody else when Token Sale ends.
  • Articles/posts deleted before the end of Token Sale are invalid.
  • One article/post per site per person is valid.

great to hear that, would like to take a look.
and what the fixed price of BAC??

The price of BAC is stated in terms of ETH. The price in terms of BTC will be determined by the exchange rate at the time. For phase 1, 1 ETH = 1300 BAC (in the first hour of the sale) and 1 ETH = 1100 BAC (after one hour). Phase 2 will be an auction: the market will determine the final price of our tokens, with the baseline price to be 1 ETH = 900 BAC. We reserve the right to change the price of the tokens prior to the sale if ETH price changes dramatically.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: rmyg5907 on August 01, 2017, 07:02:24 AM
I checked the company for the record,
it had been register in 03/11,2014
the company should be no problem
and I want know that if I had the LakeBanker token ,I can trade my CNY to JPY free?
Is it the advantage to use the token in this website?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Cassie.Jill on August 01, 2017, 07:06:07 AM
recently I reliaze more about Lakebanker, does if the token was not sold successfully? would the team hold the rest token and continue to follow the  roanmap?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Pkuwag on August 01, 2017, 07:10:06 AM
ok, received your message. and there is another question, what the role does the tokens play in the whole project? does it really have the necessary of exist, rather than a new altcoin?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: desticy on August 01, 2017, 08:19:13 AM
I checked the company for the record,
it had been register in 03/11,2014
the company should be no problem
and I want know that if I had the LakeBanker token ,I can trade my CNY to JPY free?
Is it the advantage to use the token in this website?


which record do you checked? any link could you proved?
I was also looking for the details of the company (even now I can't speak out which company is behind of LakeBTC)


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: fanten on August 01, 2017, 08:54:46 AM
Hi can i know what does bac do?? I mean what is thr use of buying ur token in lakebanking?? Sorry that my understanding not that good.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: 8count on August 01, 2017, 09:27:23 AM
Interesting project but needs more information and answer given to everyone.
I'll keep a eye on this thread to see how this project progresses.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: titulng on August 01, 2017, 10:05:19 AM
I think we need to see the more detailed roadmap, at least specify 2017 Q3 and Q4

what kind of financial innovation and new technology will you use? and lthe question like Pkuwag,


ok, received your message. and there is another question, what the role does the tokens play in the whole project? does it really have the necessary of exist, rather than a new altcoin?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: GÜNther.Danish on August 01, 2017, 10:54:38 AM
I checked the company for the record,
it had been register in 03/11,2014
the company should be no problem
and I want know that if I had the LakeBanker token ,I can trade my CNY to JPY free?
Is it the advantage to use the token in this website?


which record do you checked? any link could you proved?
I was also looking for the details of the company (even now I can't speak out which company is behind of LakeBTC)

so is the team reliable? i have not heard even one name of the team, except the CEO Thomas.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: ViperMaxi on August 01, 2017, 11:08:34 AM
this project from lakebtc.com exchanger ?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 01, 2017, 11:11:50 AM
Our token (BAC) will be well-intergrated in our business model and has significant, long-term utility in driving transactions in our system. BAC in the LakeBanker system is comparable to XRP in Ripple (see https://ripple.com/xrp/) and ETH in Ethereum (https://www.ethereum.org/ether). BAC is the fuel of the system. All fees and interest in the system will be denominated in BAC. BAC will be based on the Ethereum blockchain and is ERC20-compliant.

Every single cryptocurrency has its own limitations---these include price volatility, unpredictability and technical shortcomings. By having our own token, we manage the token supply and are less vulnerable to issues outside our control.

When the LakeBanker system is mature, BAC will circulate amongst millions and eventually billions of users. The demand will be very strong. The price of BAC is in the future is likely to reflect this.

ok, received your message. and there is another question, what the role does the tokens play in the whole project? does it really have the necessary of exist, rather than a new altcoin?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 01, 2017, 01:30:53 PM
this project from lakebtc.com exchanger ?

Yes, the LakeBanker project is a spin-off from lakebtc.com. It inherits LakeBTC's core team, expertise, technology and culture.  


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 01, 2017, 02:45:53 PM
recently I reliaze more about Lakebanker, does if the token was not sold successfully? would the team hold the rest token and continue to follow the  roanmap?

The LakeBanker Crowd Banking model is not a concept. It is tested and proven. The demand has far exceeded our current supply. With no public announcement or media report, we have more than 2,000 LakeBankers serving many, many users around the world.

It is criminal that global remittance payments cost an average of 7.2% of the amount sent (World Bank 2016 data). That’s about $43 billion in charges just for moving information. We instead will make most transfers and payments for free.

So yes, the team is fully committed to the project and its roadmap. It is a big project. We will change banking forever.



Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 02, 2017, 02:27:34 AM
Hi can i know what does bac do?? I mean what is thr use of buying ur token in lakebanking?? Sorry that my understanding not that good.

The issued token (BAC) will drive transactions in the LakeBanker system. All fees and interest will be denominated by BAC. Our token will be well-integrated in our business model and has significant, long-term utility in our system. When the LakeBanker system is mature, BAC will circulate amongst millions and eventually billions of users. The demand will be very strong.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Fioraver on August 02, 2017, 02:53:26 AM
what should we do at present? any pre-sales before Sep.15 ?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Jamacn on August 02, 2017, 03:20:49 AM
The only problem with stuff like this is that it takes a decentralized unit and turns it into something that is more centralized. The exchanges have done enough by half having to meet the know your customer regulations and things like that. Any website that's going to deal with your address going to have to keep it in a database all of this is becoming centralized we're trying to keep it uncentralized that is the entire idea of Bitcoin and the entire idea of a blockchain.

agreed, how to decentralized and keep the system running efficiently, this is a challenge for the project.


Our free payment network is not decentralised. So it won't be hard to keep the system running. The cost to us of handling a payment is very close to zero once the infrastructure is there.

For those that want their transactions on-chain, we will provide services there too---backed up by the expertise in security that LakeBTC is known for.




show me the technology and finance. I will happy to see the solution on white paper.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Jamacn on August 02, 2017, 03:24:26 AM
what should we do at present? any pre-sales before Sep.15 ?

did you check their website? the Phase 1 has been the pre-sales, it should have launched on Aug 15.

if you checked, then I think you means the pre-pre-sales.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Fioraver on August 02, 2017, 03:37:46 AM
what should we do at present? any pre-sales before Sep.15 ?

did you check their website? the Phase 1 has been the pre-sales, it should have launched on Aug 15.

if you checked, then I think you means the pre-pre-sales.

ok, saw it "Due to the fork risk of the Bitcoin network on or after August 1st"

but Phase 2 is coming after Phase 1, there are just one month, it is not too much meaning for early birds.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 02, 2017, 04:08:53 AM
what should we do at present? any pre-sales before Sep.15 ?


Phase 1. is the pre-sale. But you can participate now----contributions received before Sep. 15 get the first hour price.



Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 02, 2017, 04:14:39 AM
what should we do at present? any pre-sales before Sep.15 ?

did you check their website? the Phase 1 has been the pre-sales, it should have launched on Aug 15.

if you checked, then I think you means the pre-pre-sales.

ok, saw it "Due to the fork risk of the Bitcoin network on or after August 1st"

but Phase 2 is coming after Phase 1, there are just one month, it is not too much meaning for early birds.

The first hour price in phase is 1 ETH buys 1300 BAC.

In Phase 2. the market will set the price via our Dutch Auction. But it is very likely that the price will end up being higher in Phase 2.

So Phase 1. is an opportunity for early supporters get a discount. In return we're hoping for support and collaboration from people who believe in our project.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Jamacn on August 02, 2017, 06:41:18 AM
what should we do at present? any pre-sales before Sep.15 ?

did you check their website? the Phase 1 has been the pre-sales, it should have launched on Aug 15.

if you checked, then I think you means the pre-pre-sales.

ok, saw it "Due to the fork risk of the Bitcoin network on or after August 1st"

but Phase 2 is coming after Phase 1, there are just one month, it is not too much meaning for early birds.

The first hour price in phase is 1 ETH buys 1300 BAC.

In Phase 2. the market will set the price via our Dutch Auction. But it is very likely that the price will end up being higher in Phase 2.

So Phase 1. is an opportunity for early supporters get a discount. In return we're hoping for support and collaboration from people who believe in our project.
if the token can't be traded, should it have used in others?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: GreenCoin22 on August 02, 2017, 06:52:58 AM
sorry, just found an another problem.

e.g.  i entrust a lakebanker to help me transfer money, but if the lakebanker just take my money away and run to a place where no one knows. what should i do in this case? are there any appropriate debt collection and compensation measures?

Good question.

We are are a spinoff from LakeBTC.com. We've been around for years and have an almost unrivalled reputation for reliability and security. We know how to handle people's money.

As to the specific questions about individual Lakebankers running away with customers money. Cash deposits/withdrawals are more likely to be handled by local businesses (convenience store, money exchangers etc.) than individuals. They're already set up to handle cash securely. For electronic payment options, the system will protect users money. Further, we perform checks on individual LakeBankers (id, documentation, checks, biometrics (eventually)) and our AI continuously monitors performance, user reviews etc. Risk will be extremely well managed in our system.

okay, just in case, if someone took money and get away, how do you deal with this accident?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 02, 2017, 06:56:11 AM
what should we do at present? any pre-sales before Sep.15 ?

did you check their website? the Phase 1 has been the pre-sales, it should have launched on Aug 15.

if you checked, then I think you means the pre-pre-sales.

ok, saw it "Due to the fork risk of the Bitcoin network on or after August 1st"

but Phase 2 is coming after Phase 1, there are just one month, it is not too much meaning for early birds.

The first hour price in phase is 1 ETH buys 1300 BAC.

In Phase 2. the market will set the price via our Dutch Auction. But it is very likely that the price will end up being higher in Phase 2.

So Phase 1. is an opportunity for early supporters get a discount. In return we're hoping for support and collaboration from people who believe in our project.
if the token can't be traded, should it have used in others?


BAC token will be tradable on LakeBTC 3 days after the close of Phase 2. of the tokensale.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Mieehayii on August 02, 2017, 07:54:34 AM
recently I reliaze more about Lakebanker, does if the token was not sold successfully? would the team hold the rest token and continue to follow the  roanmap?

The LakeBanker Crowd Banking model is not a concept. It is tested and proven. The demand has far exceeded our current supply. With no public announcement or media report, we have more than 2,000 LakeBankers serving many, many users around the world.

It is criminal that global remittance payments cost an average of 7.2% of the amount sent (World Bank 2016 data). That’s about $43 billion in charges just for moving information. We instead will make most transfers and payments for free.

So yes, the team is fully committed to the project and its roadmap. It is a big project. We will change banking forever.



how LakeBankers to survive if most transfer are free? who would pay the LakeBanker fee?
the role of LakeBanker is impossible to be a part-job, it need much time to deals.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Fioraver on August 02, 2017, 08:30:53 AM
what should we do at present? any pre-sales before Sep.15 ?

did you check their website? the Phase 1 has been the pre-sales, it should have launched on Aug 15.

if you checked, then I think you means the pre-pre-sales.

ok, saw it "Due to the fork risk of the Bitcoin network on or after August 1st"

but Phase 2 is coming after Phase 1, there are just one month, it is not too much meaning for early birds.

The first hour price in phase is 1 ETH buys 1300 BAC.

In Phase 2. the market will set the price via our Dutch Auction. But it is very likely that the price will end up being higher in Phase 2.

So Phase 1. is an opportunity for early supporters get a discount. In return we're hoping for support and collaboration from people who believe in our project.

so, before Sept 15, we can do nothing but wait.


and when would the white paper to publish?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 02, 2017, 08:35:04 AM
what should we do at present? any pre-sales before Sep.15 ?

did you check their website? the Phase 1 has been the pre-sales, it should have launched on Aug 15.

if you checked, then I think you means the pre-pre-sales.

ok, saw it "Due to the fork risk of the Bitcoin network on or after August 1st"

but Phase 2 is coming after Phase 1, there are just one month, it is not too much meaning for early birds.

The first hour price in phase is 1 ETH buys 1300 BAC.

In Phase 2. the market will set the price via our Dutch Auction. But it is very likely that the price will end up being higher in Phase 2.

So Phase 1. is an opportunity for early supporters get a discount. In return we're hoping for support and collaboration from people who believe in our project.

so, before Sept 15, we can do nothing but wait.


and when would the white paper to publish?

If you're interested in our project there's lots to do before Sept 15. Join the bounty campaign? Ask questions about the project here etc.

The white paper will be published by the beginning of next week.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on August 02, 2017, 07:48:12 PM
I checked the company for the record,
it had been register in 03/11,2014
the company should be no problem
and I want know that if I had the LakeBanker token ,I can trade my CNY to JPY free?
Is it the advantage to use the token in this website?


which record do you checked? any link could you proved?
I was also looking for the details of the company (even now I can't speak out which company is behind of LakeBTC)

so is the team reliable? i have not heard even one name of the team, except the CEO Thomas.

Yes, Thomas Xie is known. He is a cryptocurrency veteran, serial entrepreneur and co-founder of LakeBTC.com. The rest of the team are inherited from LakeBTC, along with its technology, expertise and culture.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Jamacn on August 03, 2017, 03:00:10 AM
what should we do at present? any pre-sales before Sep.15 ?

did you check their website? the Phase 1 has been the pre-sales, it should have launched on Aug 15.

if you checked, then I think you means the pre-pre-sales.

ok, saw it "Due to the fork risk of the Bitcoin network on or after August 1st"

but Phase 2 is coming after Phase 1, there are just one month, it is not too much meaning for early birds.

The first hour price in phase is 1 ETH buys 1300 BAC.

In Phase 2. the market will set the price via our Dutch Auction. But it is very likely that the price will end up being higher in Phase 2.

So Phase 1. is an opportunity for early supporters get a discount. In return we're hoping for support and collaboration from people who believe in our project.
if the token can't be traded, should it have used in others?


BAC token will be tradable on LakeBTC 3 days after the close of Phase 2. of the tokensale.

show me the specify dete. or you can promise that the trading will be enable before November?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 03, 2017, 04:39:03 AM
what should we do at present? any pre-sales before Sep.15 ?

did you check their website? the Phase 1 has been the pre-sales, it should have launched on Aug 15.

if you checked, then I think you means the pre-pre-sales.

ok, saw it "Due to the fork risk of the Bitcoin network on or after August 1st"

but Phase 2 is coming after Phase 1, there are just one month, it is not too much meaning for early birds.

The first hour price in phase is 1 ETH buys 1300 BAC.

In Phase 2. the market will set the price via our Dutch Auction. But it is very likely that the price will end up being higher in Phase 2.

So Phase 1. is an opportunity for early supporters get a discount. In return we're hoping for support and collaboration from people who believe in our project.
if the token can't be traded, should it have used in others?


BAC token will be tradable on LakeBTC 3 days after the close of Phase 2. of the tokensale.

show me the specify dete. or you can promise that the trading will be enable before November?

Yes, before November 1st, 2017.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 03, 2017, 05:21:23 AM
recently I reliaze more about Lakebanker, does if the token was not sold successfully? would the team hold the rest token and continue to follow the  roanmap?

The LakeBanker Crowd Banking model is not a concept. It is tested and proven. The demand has far exceeded our current supply. With no public announcement or media report, we have more than 2,000 LakeBankers serving many, many users around the world.

It is criminal that global remittance payments cost an average of 7.2% of the amount sent (World Bank 2016 data). That’s about $43 billion in charges just for moving information. We instead will make most transfers and payments for free.

So yes, the team is fully committed to the project and its roadmap. It is a big project. We will change banking forever.



how LakeBankers to survive if most transfer are free? who would pay the LakeBanker fee?
the role of LakeBanker is impossible to be a part-job, it need much time to deals.

Internal payments will be free (user to user, user to merchant etc.), even international payments.

Deposits and withdrawals is where our crowd-banking model comes in. You pay the LakeBanker and they credit your account on the system. The LakeBanker earns a fee (in our token BAC) for this service. LakeBanker fees can be incentivized initially by our user growth fund and eventually by our returns from value-added financial services (credit lines, p2p lending, and so on). LakeBankers can also earn fees from these value-added financial services, for example, checking and approving loans, doing biometric checks on loan applicants and monitoring loan owners. Certain quotas and conditions may apply.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: sxafir on August 03, 2017, 05:26:09 AM
This is next marketplace?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 03, 2017, 05:50:58 AM
sorry, just found an another problem.

e.g.  i entrust a lakebanker to help me transfer money, but if the lakebanker just take my money away and run to a place where no one knows. what should i do in this case? are there any appropriate debt collection and compensation measures?

Good question.

We are are a spinoff from LakeBTC.com. We've been around for years and have an almost unrivalled reputation for reliability and security. We know how to handle people's money.

As to the specific questions about individual Lakebankers running away with customers money. Cash deposits/withdrawals are more likely to be handled by local businesses (convenience store, money exchangers etc.) than individuals. They're already set up to handle cash securely. For electronic payment options, the system will protect users money. Further, we perform checks on individual LakeBankers (id, documentation, checks, biometrics (eventually)) and our AI continuously monitors performance, user reviews etc. Risk will be extremely well managed in our system.

okay, just in case, if someone took money and get away, how do you deal with this accident?

Customers' money is safe with us. LakeBanker is not a concept. It has been tested in the real world for 1.5 years and we have had an impeccable record.

Our team includes banking veterans who are experienced in anti-fraud and risk management. 100% of the LakeBankers' money will be locked for the entire period of the transaction for safeguarding before the transaction is complete.

All LakeBankers are KYC'd and have good a track record. Bad players will be penalized by the system.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Fioraver on August 03, 2017, 06:20:31 AM




BAC token will be tradable on LakeBTC 3 days after the close of Phase 2. of the tokensale.

show me the specify dete. or you can promise that the trading will be enable before November?

Yes, before November 1st, 2017.

so exciting!
it may be one of the few tokens/coins which booked the trading before launched.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Jamacn on August 03, 2017, 07:21:51 AM
what should we do at present? any pre-sales before Sep.15 ?

did you check their website? the Phase 1 has been the pre-sales, it should have launched on Aug 15.

if you checked, then I think you means the pre-pre-sales.

ok, saw it "Due to the fork risk of the Bitcoin network on or after August 1st"

but Phase 2 is coming after Phase 1, there are just one month, it is not too much meaning for early birds.

The first hour price in phase is 1 ETH buys 1300 BAC.

In Phase 2. the market will set the price via our Dutch Auction. But it is very likely that the price will end up being higher in Phase 2.

So Phase 1. is an opportunity for early supporters get a discount. In return we're hoping for support and collaboration from people who believe in our project.
if the token can't be traded, should it have used in others?


BAC token will be tradable on LakeBTC 3 days after the close of Phase 2. of the tokensale.

show me the specify dete. or you can promise that the trading will be enable before November?

Yes, before November 1st, 2017.

wow, great!
will consider to praticiptate in the phase 1 sale.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: GreenCoin22 on August 03, 2017, 09:41:03 AM
sorry, just found an another problem.

e.g.  i entrust a lakebanker to help me transfer money, but if the lakebanker just take my money away and run to a place where no one knows. what should i do in this case? are there any appropriate debt collection and compensation measures?

Good question.

We are are a spinoff from LakeBTC.com. We've been around for years and have an almost unrivalled reputation for reliability and security. We know how to handle people's money.

As to the specific questions about individual Lakebankers running away with customers money. Cash deposits/withdrawals are more likely to be handled by local businesses (convenience store, money exchangers etc.) than individuals. They're already set up to handle cash securely. For electronic payment options, the system will protect users money. Further, we perform checks on individual LakeBankers (id, documentation, checks, biometrics (eventually)) and our AI continuously monitors performance, user reviews etc. Risk will be extremely well managed in our system.
okay, just in case, if someone took money and get away, how do you deal with this accident?

Customers' money is safe with us. LakeBanker is not a concept. It has been tested in the real world for 1.5 years and we have had an impeccable record.

Our team includes banking veterans who are experienced in anti-fraud and risk management. 100% of the LakeBankers' money will be locked for the entire period of the transaction for safeguarding before the transaction is complete.

All LakeBankers are KYC'd and have good a track record. Bad players will be penalized by the system.

 can't understand well, maybe I should take it a trial
but I never wish meet a frauder although my money is 100% safe.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: TinaK on August 03, 2017, 10:16:38 AM
interesting mission, if it was successful, it may make the bank disappear from this earth.

but, so many other companies also claim to launch a revolution with bank, such as Alipay. however, Alipay eventually had to admit to the bank, and lose.

how do you think LakeBanker will avoid the control of government? Or, as far as possible not against any government's policy.


We want to change banks, not governments. We plan to stay fully compliant with local laws and regulations, wherever we operate.

such as... registered with FinCEN in US?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Fioraver on August 03, 2017, 10:50:26 AM
sorry, just found an another problem.

e.g.  i entrust a lakebanker to help me transfer money, but if the lakebanker just take my money away and run to a place where no one knows. what should i do in this case? are there any appropriate debt collection and compensation measures?

Good question.

We are are a spinoff from LakeBTC.com. We've been around for years and have an almost unrivalled reputation for reliability and security. We know how to handle people's money.

As to the specific questions about individual Lakebankers running away with customers money. Cash deposits/withdrawals are more likely to be handled by local businesses (convenience store, money exchangers etc.) than individuals. They're already set up to handle cash securely. For electronic payment options, the system will protect users money. Further, we perform checks on individual LakeBankers (id, documentation, checks, biometrics (eventually)) and our AI continuously monitors performance, user reviews etc. Risk will be extremely well managed in our system.
okay, just in case, if someone took money and get away, how do you deal with this accident?

Customers' money is safe with us. LakeBanker is not a concept. It has been tested in the real world for 1.5 years and we have had an impeccable record.

Our team includes banking veterans who are experienced in anti-fraud and risk management. 100% of the LakeBankers' money will be locked for the entire period of the transaction for safeguarding before the transaction is complete.

All LakeBankers are KYC'd and have good a track record. Bad players will be penalized by the system.

 can't understand well, maybe I should take it a trial
but I never wish meet a frauder although my money is 100% safe.

I had tried to deposit with LakeBanker, they don't take my money away, but just a little delay compare to transfer to the exchange directly.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: nonlinearboy on August 03, 2017, 11:21:23 AM
So what is the total supply for the signature bounty campaign, and I can not see much information about the tokensale, such the total supply, the price and even how to buy the tokens. stay tuned to wait?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 03, 2017, 06:06:05 PM
So what is the total supply for the signature bounty campaign, and I can not see much information about the tokensale, such the total supply, the price and even how to buy the tokens. stay tuned to wait?

Please find further information on our bounty campaign on: https://lakebanker.com/blogs/2-lakebanker-bounty_programs


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: CUNÉGONDE on August 04, 2017, 06:57:04 AM
So what is the total supply for the signature bounty campaign, and I can not see much information about the tokensale, such the total supply, the price and even how to buy the tokens. stay tuned to wait?

Please find further information on our bounty campaign on: https://lakebanker.com/blogs/2-lakebanker-bounty_programs

I think what he means that where the bounty tokens from? because your site has no distributionart for bounty, did it from User Growth
Fund? or Team keep?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: TwaiteTokyo on August 04, 2017, 07:57:49 AM
interesting concept! could I join the feast from Japan?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: btceuropen on August 04, 2017, 09:22:35 AM
interesting mission, if it was successful, it may make the bank disappear from this earth.

but, so many other companies also claim to launch a revolution with bank, such as Alipay. however, Alipay eventually had to admit to the bank, and lose.

how do you think LakeBanker will avoid the control of government? Or, as far as possible not against any government's policy.


We want to change banks, not governments. We plan to stay fully compliant with local laws and regulations, wherever we operate.

such as... registered with FinCEN in US?
I think they have banned users from US, did you see there is no percent in US on the map of Existing User Distribution??


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: nonlinearboy on August 05, 2017, 05:07:26 AM
So what is the total supply for the signature bounty campaign, and I can not see much information about the tokensale, such the total supply, the price and even how to buy the tokens. stay tuned to wait?

Please find further information on our bounty campaign on: https://lakebanker.com/blogs/2-lakebanker-bounty_programs

I think you did not get my meaning, I have two questions: 1) What is the total supply for the bounty, since the bonus token is counted by the posts, which means the total supply is not a fixed number. 2) I want to know the total supply, the price of your altcoin and how to buy your altcoins.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 06, 2017, 05:27:19 AM
Our white paper will be published today. Stay tuned.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: nonlinearboy on August 06, 2017, 10:05:10 AM
Our white paper will be published today. Stay tuned.

That is great, I will stay tuned to wait for the incoming whitepaper and try to get the answer of my questions about the details of the ICO token sale.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 06, 2017, 05:09:54 PM
The LakeBanker Token Sale White Paper is ready for download:  https://lakebanker.com/whitepaper.pdf




Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: CUNÉGONDE on August 07, 2017, 06:21:45 AM
The LakeBanker Token Sale White Paper is ready for download:  https://lakebanker.com/whitepaper.pdf




take it, and reading it now.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Pkuwag on August 07, 2017, 07:06:05 AM
Our token (BAC) will be well-intergrated in our business model and has significant, long-term utility in driving transactions in our system. BAC in the LakeBanker system is comparable to XRP in Ripple (see https://ripple.com/xrp/) and ETH in Ethereum (https://www.ethereum.org/ether). BAC is the fuel of the system. All fees and interest in the system will be denominated in BAC. BAC will be based on the Ethereum blockchain and is ERC20-compliant.

Every single cryptocurrency has its own limitations---these include price volatility, unpredictability and technical shortcomings. By having our own token, we manage the token supply and are less vulnerable to issues outside our control.

When the LakeBanker system is mature, BAC will circulate amongst millions and eventually billions of users. The demand will be very strong. The price of BAC is in the future is likely to reflect this.

ok, received your message. and there is another question, what the role does the tokens play in the whole project? does it really have the necessary of exist, rather than a new altcoin?

thanks for the reply, and just checked the white paper, I am confused about "There is a 5-year vesting schedule for the team tokens, where
only 20% is available for trading each year.
"  and however it was said "BAC will be tradable on LakeBTC.comsoon after Phase 2. of the Token Sale and before November 1st 2017."


did it mean if I buy 100 tokens then I can only trade 20 tokens per year, and it need 5 years to get my investment back??


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: finles_mngr on August 07, 2017, 07:46:31 AM
Hi! What is the minimum investment for Phase 1?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: 2970566 on August 07, 2017, 07:59:40 AM
Quote
So what is the total supply for the signature bounty campaign
i sure you can find the answer on bounty thread~


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 07, 2017, 08:02:31 AM
Hi! What is the minimum investment for Phase 1?

No minimum. No maximum.



Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 07, 2017, 08:04:54 AM
Our token (BAC) will be well-intergrated in our business model and has significant, long-term utility in driving transactions in our system. BAC in the LakeBanker system is comparable to XRP in Ripple (see https://ripple.com/xrp/) and ETH in Ethereum (https://www.ethereum.org/ether). BAC is the fuel of the system. All fees and interest in the system will be denominated in BAC. BAC will be based on the Ethereum blockchain and is ERC20-compliant.

Every single cryptocurrency has its own limitations---these include price volatility, unpredictability and technical shortcomings. By having our own token, we manage the token supply and are less vulnerable to issues outside our control.

When the LakeBanker system is mature, BAC will circulate amongst millions and eventually billions of users. The demand will be very strong. The price of BAC is in the future is likely to reflect this.

ok, received your message. and there is another question, what the role does the tokens play in the whole project? does it really have the necessary of exist, rather than a new altcoin?

thanks for the reply, and just checked the white paper, I am confused about "There is a 5-year vesting schedule for the team tokens, where
only 20% is available for trading each year.
"  and however it was said "BAC will be tradable on LakeBTC.comsoon after Phase 2. of the Token Sale and before November 1st 2017."


did it mean if I buy 100 tokens then I can only trade 20 tokens per year, and it need 5 years to get my investment back??


The five year vesting schedule is only for TEAM tokens. It is to ensure that financial rewards for the team are connected with the long term success of the project.

Participants who purchase tokens will be able to trade ALL of their tokens on LakeBTC soon after the close of the Token Sale and before November 1st 2017. We are offering near immediate liquidity for BAC.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 07, 2017, 08:07:15 AM
So what is the total supply for the signature bounty campaign, and I can not see much information about the tokensale, such the total supply, the price and even how to buy the tokens. stay tuned to wait?

Please find further information on our bounty campaign on: https://lakebanker.com/blogs/2-lakebanker-bounty_programs

I think you did not get my meaning, I have two questions: 1) What is the total supply for the bounty, since the bonus token is counted by the posts, which means the total supply is not a fixed number. 2) I want to know the total supply, the price of your altcoin and how to buy your altcoins.

Apologies that this reply is so late----Tokens from the bounty campaign come from the 25% that we allocate to the team. Those who join the campaign are helping us to drive this project forwards.

There is no total supply for the bounty.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Jamacn on August 07, 2017, 10:26:50 AM
Hi! What is the minimum investment for Phase 1?

No minimum. No maximum.




this must be a jabber, could I can buy 0.00001 BTC-valued tokens?

In my mind, most exchanges only support 4 decimal places, and LakeBTC is not an exception.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 07, 2017, 02:19:32 PM
interesting concept! could I join the feast from Japan?

Yes.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 07, 2017, 02:31:14 PM
Hi! What is the minimum investment for Phase 1?

No minimum. No maximum.




this must be a jabber, could I can buy 0.00001 BTC-valued tokens?

In my mind, most exchanges only support 4 decimal places, and LakeBTC is not an exception.

Yes, 4 decimal places at LakeBTC for both BTC and ETH. So the minimum is 0.0001 BTC or ETH.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: pingrabazar02 on August 07, 2017, 02:32:31 PM
i am join this bounty.FB & Twitter


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 08, 2017, 01:41:03 AM
i am join this bounty.FB & Twitter

That's great. We really want the community to help us drive this project forwards. Join our slack and telegram. Get involved.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 08, 2017, 02:15:20 AM
Here's an article comparing LakeBanker to Everex in Bitsonline.com (http://Bitsonline.com):

https://bitsonline.com/p2p-banking-lower-costs-underserved/ (https://bitsonline.com/p2p-banking-lower-costs-underserved/)

What do you guys think about the comparison?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: desticy on August 08, 2017, 09:32:29 AM
Here's an article comparing LakeBanker to Everex in Bitsonline.com (http://Bitsonline.com):

https://bitsonline.com/p2p-banking-lower-costs-underserved/ (https://bitsonline.com/p2p-banking-lower-costs-underserved/)

What do you guys think about the comparison?
Saw it.
and how much tokens did articles like this deserves bouns? the bounty program just roughly said 50-1000.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Cassie.Jill on August 08, 2017, 10:22:18 AM
have been read the thite paper, can not tell what it feels like temporarily, but just think it is unrestrained and formalized. or may be I need to understand it more.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: GÜNther.Danish on August 08, 2017, 04:15:06 PM
i am join this bounty.FB & Twitter

it seems no bounty plan for social media.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: wildbud on August 08, 2017, 04:24:50 PM
Our white paper will be published today. Stay tuned.
Can’t wait to see it!!! Keep us posted!


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 08, 2017, 08:22:32 PM
Our white paper will be published today. Stay tuned.
Can’t wait to see it!!! Keep us posted!

The LakeBanker Token Sale White Paper is ready for download:
https://lakebanker.com/whitepaper.pdf


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Fioraver on August 09, 2017, 03:36:42 AM
Quote
So what is the total supply for the signature bounty campaign
i sure you can find the answer on bounty thread~

sorry, can't find it. there mat be a missing on the thread


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: GreenCoin22 on August 09, 2017, 03:41:55 AM
hi, I just signed up for your signature campaign, but without any feedback, could I start it? From which one of my reply to start billing?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 09, 2017, 06:26:34 AM
Quote
So what is the total supply for the signature bounty campaign
i sure you can find the answer on bounty thread~

sorry, can't find it. there mat be a missing on the thread


There's no total supply for the bounty campaign.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 09, 2017, 07:34:55 AM
hi, I just signed up for your signature campaign, but without any feedback, could I start it? From which one of my reply to start billing?


Yes you can start immediately.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Mieehayii on August 09, 2017, 10:29:50 AM
What a nuisance! Most of the bounty activities will reject Newbie, and then I'll try to upgrade my account, like he jumped to Jr.member, and I didn't expect it to still be allowed here


even the restrict of hr.member could't stop signature pollution on this forum, if open the limit, can not imagine what bitcopintalk will look like.

I wish people join the campaign not just for earn some scant btc, instead of they are really understand and agree with the ico.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Mieehayii on August 09, 2017, 11:01:49 AM
Here's an article comparing LakeBanker to Everex in Bitsonline.com (http://Bitsonline.com):

https://bitsonline.com/p2p-banking-lower-costs-underserved/ (https://bitsonline.com/p2p-banking-lower-costs-underserved/)

What do you guys think about the comparison?

I think you can acquired everx when your token sale is complete, I saw their business is included in your blueprint


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Frabcesco on August 09, 2017, 11:37:50 AM
wow, just received the notification, it sonds interesting, and I'm reading the whitepaper now. I will get it a review when I worked it out  :D


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Fyqqc on August 09, 2017, 02:33:37 PM
Good luck with lakebanker


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 10, 2017, 01:32:24 AM
wow, just received the notification, it sonds interesting, and I'm reading the whitepaper now. I will get it a review when I worked it out  :D

Great. We welcome feedback from the community on our white paper.

In Phase one we are offering a small number of tokens at a significant discount. We're hoping that early participants will take advantage of that and help us drive this project forwards.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 10, 2017, 05:14:40 AM
Good luck with lakebanker

Thanks. Get involved with us. Join the bounty. Join our telegram/slack!


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on August 10, 2017, 06:44:22 AM
Cointelegraph: ICO Wars Continue As LakeBanker Says Civic Was “North Korean”: https://cointelegraph.com/news/ico-wars-continue-as-lakebanker-says-civic-was-north-korean


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Frabcesco on August 10, 2017, 10:17:25 AM
wow, just received the notification, it sonds interesting, and I'm reading the whitepaper now. I will get it a review when I worked it out  :D

Great. We welcome feedback from the community on our white paper.

In Phase one we are offering a small number of tokens at a significant discount. We're hoping that early participants will take advantage of that and help us drive this project forwards.

here is my reviews https://bitcoinexchangeguide.com/lakebanker/

enjoy it  ;)


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Nrcewker on August 10, 2017, 03:31:41 PM
sorry, just found an another problem.

e.g.  i entrust a lakebanker to help me transfer money, but if the lakebanker just take my money away and run to a place where no one knows. what should i do in this case? are there any appropriate debt collection and compensation measures?

Good question.

We are are a spinoff from LakeBTC.com. We've been around for years and have an almost unrivalled reputation for reliability and security. We know how to handle people's money.

As to the specific questions about individual Lakebankers running away with customers money. Cash deposits/withdrawals are more likely to be handled by local businesses (convenience store, money exchangers etc.) than individuals. They're already set up to handle cash securely. For electronic payment options, the system will protect users money. Further, we perform checks on individual LakeBankers (id, documentation, checks, biometrics (eventually)) and our AI continuously monitors performance, user reviews etc. Risk will be extremely well managed in our system.


My bank account was cancelled since two scam users filed a refund request to my bank, although LakeBTC help me hold my money, my bank account is lost anyways.

So this is a review of two aspects, you can't just ask Lake Banker to prove themself guileless and reliable, but also need to review the users. It is appreciated that filter out the fraudsters


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 10, 2017, 05:52:01 PM
wow, just received the notification, it sonds interesting, and I'm reading the whitepaper now. I will get it a review when I worked it out  :D

Great. We welcome feedback from the community on our white paper.

In Phase one we are offering a small number of tokens at a significant discount. We're hoping that early participants will take advantage of that and help us drive this project forwards.

here is my reviews https://bitcoinexchangeguide.com/lakebanker/

enjoy it  ;)

Thanks for your review.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 11, 2017, 05:39:13 AM
Here's an article comparing LakeBanker to Everex in Bitsonline.com (http://Bitsonline.com):

https://bitsonline.com/p2p-banking-lower-costs-underserved/ (https://bitsonline.com/p2p-banking-lower-costs-underserved/)

What do you guys think about the comparison?

I think you can acquired everx when your token sale is complete, I saw their business is included in your blueprint

Our CSO wrote a reply to the balanced comparison of Everex and LakeBanker. Check it out on medium:

https://medium.com/@andrew.mccarthy/everex-vs-lakebanker-what-to-look-for-in-a-fintech-startup-b90d3089b603 (https://medium.com/@andrew.mccarthy/everex-vs-lakebanker-what-to-look-for-in-a-fintech-startup-b90d3089b603)


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: titulng on August 11, 2017, 06:12:35 AM
Here's an article comparing LakeBanker to Everex in Bitsonline.com (http://Bitsonline.com):

https://bitsonline.com/p2p-banking-lower-costs-underserved/ (https://bitsonline.com/p2p-banking-lower-costs-underserved/)

What do you guys think about the comparison?

I think you can acquired everx when your token sale is complete, I saw their business is included in your blueprint

there are many different banks in the world, shoud the biggest one to acquired otheres?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 11, 2017, 09:00:02 AM
We're looking for Chinese, Japanese and Spanish translations of our white paper.

If interest, please PM us with some credentials and a quotation in our token.

Thanks.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Bejkn on August 12, 2017, 05:21:45 AM
Do you need a translation of Hindi which is the official language in India? and India is the second largest market after china.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: daibasen on August 12, 2017, 08:09:06 AM
Of the people I've spoken to, their main concern is that LakeBTC (and LakeBanker) are based in the PRC. I think they're worried (whether it's valid or not) that the Chinese government may one day crack down on token sales, or introduce a new regulation that makes the platform non-usable. Similar to how China has slowed down the growth of Bitcoin exchanges by limiting bank transfers in and out.

What would you say to reassure them? Alternatively, are there any actual advantages to being based in China over other countries?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 12, 2017, 09:36:58 AM
Of the people I've spoken to, their main concern is that LakeBTC (and LakeBanker) are based in the PRC. I think they're worried (whether it's valid or not) that the Chinese government may one day crack down on token sales, or introduce a new regulation that makes the platform non-usable. Similar to how China has slowed down the growth of Bitcoin exchanges by limiting bank transfers in and out.

What would you say to reassure them? Alternatively, are there any actual advantages to being based in China over other countries?

1. We are an international firm. We plan to open offices in Hong Kong, London and many other locations.
2. The Chinese government is one of the most crypto open and friendly governments in the world. Please see our notice about this here: https://www.lakebtc.com/s/help#ban
3. The Chinese government, like many other governments, cares about Anti Money Laundering (AML) and investor protection. That is why LakeBTC enforces strict KYC, and we have never turned on margin/short, or futures trading.
4. The "limiting bank transfers" incident was exactly Chinese government's response to the high leverage and market manipulations of some other players in the field. Do you remember the 0 fee and 50x leverage tactics by other exchanges? I would say that the Chinese government has been very lenient with those who turn crytpo exchanges into a manipulated casino.
5. We have People's Bank of China (PBOC) regulated banks and payment processors as potential partners. We know they have invested lots of effort researching cryptos. In general the government encourages innovation, with risks well managed. LakeBTC is keen on risk management; this includes managing compliance risk.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 13, 2017, 03:27:53 AM
Tokenverse published an article about us. Check it out here:

http://www.tokenverse.com/news/lakebanker-bringing-financial-services-to-all-through-crowd-banking/ (http://www.tokenverse.com/news/lakebanker-bringing-financial-services-to-all-through-crowd-banking/)


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 13, 2017, 08:23:29 AM
wow, just received the notification, it sonds interesting, and I'm reading the whitepaper now. I will get it a review when I worked it out  :D

Great. We welcome feedback from the community on our white paper.

In Phase one we are offering a small number of tokens at a significant discount. We're hoping that early participants will take advantage of that and help us drive this project forwards.

Thanks!

Just to reiterate. Tokens for Phase one are on sale now. Just 2% of the total tokens are being sold at the heavily discounted rate. We're doing this to encourage participation and feedback from the community.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 13, 2017, 09:57:26 AM
Do you need a translation of Hindi which is the official language in India? and India is the second largest market after china.

I'm afraid we're not looking for that translation right now. I will let you know if things change.

Thanks for your interest in the project.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 13, 2017, 03:07:47 PM
Here's an article comparing LakeBanker to Everex in Bitsonline.com (http://Bitsonline.com):

https://bitsonline.com/p2p-banking-lower-costs-underserved/ (https://bitsonline.com/p2p-banking-lower-costs-underserved/)

What do you guys think about the comparison?
Saw it.
and how much tokens did articles like this deserves bouns? the bounty program just roughly said 50-1000.

Please contact us at tokensale@lakebanker.com if you have any interest in writing about us.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBanker on August 13, 2017, 08:04:58 PM
LakeBanker's interview with Bitcoin Chaser:

Bitcoin Chaser: "What kind of problem, market deficiency or opportunity inspired you to launch your project, and how will your project address this?"

LakeBanker: "There are two major problems we are trying to address: 1) The traditional banking sector needs to change. 2) Access to crypto currencies and other digital assets."

To read more: http://bitcoinchaser.com/ico-hub/lake-banker



Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 14, 2017, 01:18:28 AM
Phase 1. of our Token Sale is open now.

Contributions received before September 15, 2017, 3pm UTC get the first hour price of 1ETH = 1300 BAC.

After that, the auction format kicks in. Please see LakeBanker.com (http://LakeBanker.com).


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 14, 2017, 03:15:12 AM
have been read the thite paper, can not tell what it feels like temporarily, but just think it is unrestrained and formalized. or may be I need to understand it more.

Please post any questions you have about our project or the white paper here (or join our telegram/slack and ask there). We will be happy to answer any questions.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 14, 2017, 04:54:53 AM
Still looking for quotes for a Japanese translation. Please message us if you are interested (or if you know anyone that might be). Thanks.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 14, 2017, 07:24:06 AM
And still looking for more quotes for a Chinese translation of the White Paper. Please message us if you are interested. Thanks.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Kishan748 on August 14, 2017, 07:49:34 AM
Banking through blockchain is not understandable to me. People who know about blockchain are minuscule, how they will know banking on blockchain


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 14, 2017, 08:15:54 AM
Banking through blockchain is not understandable to me. People who know about blockchain are minuscule, how they will know banking on blockchain


Most of our transactions will be off chain. Users will access our banking services through an EASY TO USE mobile app. They do not need to have any knowledge about Blockchain to do this. We talk a little bit about out relationship with Blockchain/cryptos in section 6 of our White Paper. But basically the idea is this:

We offer certain core banking services for free---in particular, payments are free in the LakeBanker system (we can do this because of the massively reduced overheads and better risk management that our Crowd-Banking model gives us). We expect this to attract millions of users. Since we are blockchain enthusiasts, we will OFFER cryptos to all these users. But we don't FORCE cryptos/blockchain on anyone. For those that want to try investing in cryptos, we will make it easy by hiding all the complexity. We also inherit the excellence in security in handling crypto assets that LakeBTC has been developing since 2013.

Hope this helps address your concern. If not, let me know and I'll try again.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 15, 2017, 01:56:30 AM
TOKEN SALE: PHASE 1. UPDATE.

Phase 1. is open now. Contributions made before September 15, 2017, 3pm UTC will get the 1st hour price.

Demand appears to be strong, so we have decided that if we are over sold before that time BAC tokens will be allocated to ALL PARTICIPANTS on a pro rata basis. We do this in the interests of fairness.

After September 15, 2017, 3pm UTC the auction format kicks in and tokens will be distributed on a first come first served basis.

For full details please see https://lakebanker.com/#token_sale (https://lakebanker.com/#token_sale)


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 15, 2017, 06:58:21 AM
What proportion of tokens should be allocated to the team in a good ICO? Our CSO wrote a short article about this comparing some recent high-profile projects. Check it out on medium:

https://medium.com/@andrew.mccarthy/ico-distribution-models-team-tokens-a866641e579

Comments welcome...


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: TinaK on August 16, 2017, 01:38:00 AM
I read your white paper but I don't understand how LakeBanker does better credit risk management...

 it was not long before, every bitcoin startups all said that they have a risk management system which level same as the bank, but you see, how vulnerable is the system which they proud of in the presence of professional hackers


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 16, 2017, 02:43:13 AM
I read your white paper but I don't understand how LakeBanker does better credit risk management...

 it was not long before, every bitcoin startups all said that they have a risk management system which level same as the bank, but you see, how vulnerable is the system which they proud of in the presence of professional hackers

Your first question is about credit risk. In a typical bank just one or two checks are done before issuing loans to customers (for example, checks on income, expenditure, purpose of borrowing etc.)

LakeBanker's "Crowd-Banking" model is different: When one user requests credit from the system, other users with appropriate training can be hailed by the app and given the option to earn fees by providing the relevant KYC verifications and due diligence information. The low overheads here mean that LakeBanker can do much more due diligence than any regular bank, including continuous checking throughout the loan. They also do it better: LakeBankers will tend to be local and know their communities well.

Your second question is about security risks. LakeBanker is a spinoff of LakeBTC.com. They are perhaps the only cryptocurrency platform without stolen coins, security scandals or flash crashes. LakeBanker inherits this expertise in security. We know how to handle people's money.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 16, 2017, 04:54:27 AM
Our advisory board comprises an international team of experts in finance, cryptocurrencies and Blockchain technology.




Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: TwaiteTokyo on August 16, 2017, 08:30:54 AM
interesting concept! could I join the feast from Japan?

Yes.

I like your business idea but I don't understand how your BAC token works. What makes BAC a good investment for me?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: sluppy on August 16, 2017, 11:09:15 AM
Phase 1. of our Token Sale is open now.

Contributions received before September 15, 2017, 3pm UTC get the first hour price of 1ETH = 1300 BAC.

After that, the auction format kicks in. Please see LakeBanker.com (http://LakeBanker.com).

That doesn't show auction format it just shows that u gave almost a 20% bonus for getting in the first hour.
To me personally that's a huge nono and while I was thinking about investing now I'm going to pass.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 17, 2017, 02:40:00 AM
Phase 1. of our Token Sale is open now.

Contributions received before September 15, 2017, 3pm UTC get the first hour price of 1ETH = 1300 BAC.

After that, the auction format kicks in. Please see LakeBanker.com (http://LakeBanker.com).

That doesn't show auction format it just shows that u gave almost a 20% bonus for getting in the first hour.
To me personally that's a huge nono and while I was thinking about investing now I'm going to pass.


I think there's a misunderstanding here. Here's how Phase 1 works.

The first hour price of 1 ETH=1300 BAC is available now. Participants don't have to rush to buy their tokens in the first hour of the auction---they can get that price any time over the next 29 days.

If we oversell during that time we will allocate tokens pro rata---we chose this so that everyone that wants to get BAC tokens at the lowest price will be able to. This is the fairest option.

After September 15, 2017, 3pm UTC tokens will be allocated first come first served based on the prices listed on the website.



Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 17, 2017, 03:45:25 AM
interesting concept! could I join the feast from Japan?

Yes.

I like your business idea but I don't understand how your BAC token works. What makes BAC a good investment for me?

BAC tokens function as a de facto currency in the LakeBanker system. All fees and interest are denominated in BAC. The token is well-integrated into our Crowd-Banking business model. Here is an example:

Payments in the system will be free for most users most of the time. However, say the monthly quota for payments is $100,000 and you want to transfer $150,000 today. The fee determined by the market may be 300 BAC. The user would need to buy that 300 BAC from the market. If they do not want to purchase BAC, they can become a LakeBanker and serve others to earn it instead. So BAC can both be spent and earned within the LakeBanker system. In this way we have true Crowd-Banking.

We expect our free banking options (especially user-to-user and user-to-merchant payments) to attract many many users. BAC will eventually circulate amongst millions of people. Correspondingly, the demand for BAC will be very strong. We expect its long term price to reflect this.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 17, 2017, 04:23:01 AM
An article on decentralisation published in Forbes today talks about LakeBanker:

https://www.forbes.com/sites/nikolaikuznetsov/2017/08/16/decentralizing-the-world-blockchain-and-the-removal-of-centralized-profit-centers/#56db418d53f4


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: caixin on August 17, 2017, 05:51:32 AM
it meems that I had seen the similar project before. did you know Humaniq?
if so, what do you think the difference between LakeBanker and Humaniq?



Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 17, 2017, 06:30:48 AM
it meems that I had seen the similar project before. did you know Humaniq?
if so, what do you think the difference between LakeBanker and Humaniq?



The differences between LakeBanker and Humaniq are actually very large. Here are some key ones:

Target Users
Humaniq targets users in developing countries, mostly very poor people. They seem to operate more like a charity and its not clear that they are sustainable as a business. LakeBanker targets the whole world---including rich countries. Expansion into unbanked populations is just one small part of our ambitious business model.

Free Payments
In the LakeBanker system for ordinary users ALL PAYMENTS WILL BE FREE FOREVER. Humaniq say they will offer "near zero cost transactions", but it's not clear what this means.

On Chain/Off Chain
In Humaniq, all transactions seem to be on chain. This is for a service that they hope to reach billions of people. Is this even possible? Does the blockchain has the capacity or the throughput? If the price of ETH goes up further, will that make payments unaffordable?

In LakeBanker, we give users a choice: If you are tech savvy and comfortable with the technology, use onchain. For others (especially un/under banked), use simple, safe and free off chain services. We have impeccable record in the past 4.5 years of safeguarding users money.

Development Stage
LakeBanker has been running successfully in Beta for 1.5 years. Humaniq is just a idea.

Resources
LakeBanker is a spinoff of LakeBTC, a leading crypto platform with mature operational experiences and user base. We have substantial relationships with banking, payment processing and credit & rating agencies. Humaniq is just an idea.

Risk Management
Humaniq plans to offer "Direct Lending to Entrepreneurs". If they're lending directly, who is going to do the credit risk management? What will stop their default rates being sky high? How will they meet other risks, like compliance risks (anti money laundering, for example).

LakeBanker's Crowd-Banking model delivers exceptional risk management. When one user requests credit from the system, other LakeBankers with appropriate training can be hailed by the app and given the option to earn fees by providing the KYC verifications and due diligence checks. The low overheads here mean that LakeBanker can do much more due diligence than any regular bank (or Humaniq). They also do it better: LakeBankers will tend to be local and know their communities well. With our risks so well managed, our risk adjusted returns will be very high.


So. The LakeBanker's business model is very different from Humaniq's. (Our is much better).



Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 17, 2017, 07:13:01 AM
Any bounties? I like it though but it's a long wait as it will be held until October.

The Social Media Bounty is now launched. Here's the thread.

https://bitcointalk.org/index.php?topic=2056136.0


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 17, 2017, 07:48:24 AM
i am join this bounty.FB & Twitter

it seems no bounty plan for social media.

We have now launched the social media bounty. Here's the thread:

https://bitcointalk.org/index.php?topic=2056136.0


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: michwlv on August 17, 2017, 08:17:32 AM
interesting.

but how to free ??  what the difference between you and okoay, perfect money etc. they are also free to transfer with a high withdraw fees. the other hand, PayPal is not free to transfer and has a relatively cheaper fee to withdraw.

so if I understand correctly, this project is completely free? or another type?

Internal payments will be free (user to user, user to merchant etc.), even international payments.

Deposits and withdrawals is where our crowd-banking model comes in: You send out a deposit request on the app, it gets accepted by a nearby LakeBanker (our AI engine finds optimized matches). You pay they LakeBanker and they credit your account on the system. The LakeBanker earns a fee (in our token BAC) for this service. LakeBanker fees can be subsidized initially by our user growth fund and eventually by our returns from value-added financial services (credit lines, p2p lending, and so on). Certain quotas and conditions may apply.



This is an interesting concept, I'll be interested to see the details in a whitepaper.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 17, 2017, 08:35:29 AM
interesting.

but how to free ??  what the difference between you and okoay, perfect money etc. they are also free to transfer with a high withdraw fees. the other hand, PayPal is not free to transfer and has a relatively cheaper fee to withdraw.

so if I understand correctly, this project is completely free? or another type?

Internal payments will be free (user to user, user to merchant etc.), even international payments.

Deposits and withdrawals is where our crowd-banking model comes in: You send out a deposit request on the app, it gets accepted by a nearby LakeBanker (our AI engine finds optimized matches). You pay they LakeBanker and they credit your account on the system. The LakeBanker earns a fee (in our token BAC) for this service. LakeBanker fees can be subsidized initially by our user growth fund and eventually by our returns from value-added financial services (credit lines, p2p lending, and so on). Certain quotas and conditions may apply.



This is an interesting concept, I'll be interested to see the details in a whitepaper.

Our Whitepaper is available for download here (https://lakebanker.com/whitepaper.pdf) and on the first page of this post.

We hope you enjoy reading it. If you have any questions, please post them here, or join our telegram or slack channels. We will be happy to answer them


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: LakeBanker on August 17, 2017, 11:58:55 PM
LakeBTC.com will enable BAC trading soon after the close of Phase 2 and before November 1st 2017.

We are offering near immediate liquidity for our Token.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: LakeBTC on August 18, 2017, 02:13:51 AM
Crowd-Banking

The LakeBanker system plans to provide free core banking services to the whole world. How do we achieve this? We do it through our "Crowd-Banking" business model. Here are some details:

The LakeBanker system will coordinate a massive network of individuals, merchants and other institutions who will provide banking services to users. The nodes in our network are called "LakeBankers". A LakeBanker provides services that would ordinarily be undertaken by the high street branch of a traditional bank; for example, they can facilitate deposits/withdrawals from the system and conduct KYC ("Know Your Customer") verifications on other users. Any user can become a LakeBanker; indeed the system encourages users to both consume and supply banking services. The network is accessed through a mobile app from which users can initiate requests for services. The app uses Artificial Intelligence to match these requests to LakeBankers dynamically based on real-time supply and demand conditions. Our technological solution effectively replaces traditional banking infrastructure with a peer-to-peer market, sometimes known as a "matching market". We call this concept "Crowd-Banking".

In terms of executing our mission, this model has four key implications:            

(1) Risk Management: Through our crowd of users we can do more due diligence than any regular bank could do. And, since LakeBankers will tend to be local and know their communities well, we can do it better.

(2) Massively Reduced Overheads: We don’t need high street branches, large corporate offices or many thousands of salaried employees.

(3) Exponential Growth: When we enter a country, one LakeBanker can service say ten users. The system incentivises them to become LakeBankers themselves and service a further hundred users who can then service a further thousand and so on. Our Crowd-Banking model has exponential growth built into it.

(4) Reach into Underbanked Populations: Networks of LakeBankers can be created wherever people have access to smartphones. Smartphone saturation is high in the developed world and growing at a phenomenal rate in emerging markets.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: LakeBTC on August 18, 2017, 03:00:05 AM
Security and Privacy

Our users will be trusting us with both their money and their personal data. We take that trust very seriously and hold ourselves to the highest standards when it comes to data security. LakeBanker is a spinoff from LakeBTC. LakeBTC is perhaps the only major cryptocurrency platform without stolen coins, security scandals or flash crashes. We will leverage our expertise in security as we develop the LakeBanker system. We will continue to employ the following technological security measures:

• We use SSL/TLS encryption for all data transfers to and from users.
• We use TRUE cold storage for cryptocurrencies—never, ever online. Some other platforms claimed to use cold storage but were nonetheless compromised.
• We use multi-signature wallets.
• We use 2-factor authentication with a 48 hour lock period after any change.
• We use SMS confirmations, encrypted back ups and a disaster recovery plan.
• Our internal network is not accessible from the Internet.



Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: LakeBTC on August 18, 2017, 03:33:58 AM
Corporate Partnerships

LakeBTC has been very active in bringing blockchain technology to the traditional financial world. During the past 5 years, we have built strong relationships with a number of banks, payment processors, insurance companies and security firms. In developing the LakeBanker system, our potential strategic partners include:

• A major credit card company
• A major PBOC licensed payment processing company
• One of the biggest mobile App design companies in the world (top 20 for iOS globally)
• One of the biggest Wealth Management firms in the world
• One of the largest financial conglomerate  companies in the world, whose business includes commercial banking, investment banking, insurance and financial leasing
• One of the leading credit and rating companies in China
• A major mobile phone manufacturer
• Two regional commercial banks


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: GreenCoin22 on August 18, 2017, 03:38:02 AM
Banking through blockchain is not understandable to me. People who know about blockchain are minuscule, how they will know banking on blockchain


Most of our transactions will be off chain. Users will access our banking services through an EASY TO USE mobile app. They do not need to have any knowledge about Blockchain to do this. We talk a little bit about out relationship with Blockchain/cryptos in section 6 of our White Paper. But basically the idea is this:

We offer certain core banking services for free---in particular, payments are free in the LakeBanker system (we can do this because of the massively reduced overheads and better risk management that our Crowd-Banking model gives us). We expect this to attract millions of users. Since we are blockchain enthusiasts, we will OFFER cryptos to all these users. But we don't FORCE cryptos/blockchain on anyone. For those that want to try investing in cryptos, we will make it easy by hiding all the complexity. We also inherit the excellence in security in handling crypto assets that LakeBTC has been developing since 2013.

Hope this helps address your concern. If not, let me know and I'll try again.


Most of the transactions in LakeBanker are off chain right?
  If so, it seems nothing to do with cryptocoins or blockchian?


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: LakeBTC on August 18, 2017, 03:48:17 AM
Phase 1 of the token sale is Active now. It ends September 20, 2017, 3pm UTC. In Phase 1 we offer a small number of tokens at a very big discount.

Phase 2. will be held in mid-October.

For full details of the token sale please see our site (http://lakebanker.com).


The signature campaign and social media bounty campaign will be available up to the beginning of Phase 2.

Please see our Bounty thread for full details:

https://bitcointalk.org/index.php?topic=2056136.0 (https://bitcointalk.org/index.php?topic=2056136.0)



Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: CUNÉGONDE on August 18, 2017, 05:35:22 AM
again, i saw in white paper that you allocate 25% of token to your team. that's a lot. why so much?
and where are the bounty tokens from? what percent?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: caixin on August 18, 2017, 09:21:08 AM
it meems that I had seen the similar project before. did you know Humaniq?
if so, what do you think the difference between LakeBanker and Humaniq?



The differences between LakeBanker and Humaniq are actually very large. Here are some key ones:

Target Users
Humaniq targets users in developing countries, mostly very poor people. They seem to operate more like a charity and its not clear that they are sustainable as a business. LakeBanker targets the whole world---including rich countries. Expansion into unbanked populations is just one small part of our ambitious business model.

Free Payments
In the LakeBanker system for ordinary users ALL PAYMENTS WILL BE FREE FOREVER. Humaniq say they will offer "near zero cost transactions", but it's not clear what this means.

On Chain/Off Chain
In Humaniq, all transactions seem to be on chain. This is for a service that they hope to reach billions of people. Is this even possible? Does the blockchain has the capacity or the throughput? If the price of ETH goes up further, will that make payments unaffordable?

In LakeBanker, we give users a choice: If you are tech savvy and comfortable with the technology, use onchain. For others (especially un/under banked), use simple, safe and free off chain services. We have impeccable record in the past 4.5 years of safeguarding users money.

Development Stage
LakeBanker has been running successfully in Beta for 1.5 years. Humaniq is just a idea.

Resources
LakeBanker is a spinoff of LakeBTC, a leading crypto platform with mature operational experiences and user base. We have substantial relationships with banking, payment processing and credit & rating agencies. Humaniq is just an idea.

Risk Management
Humaniq plans to offer "Direct Lending to Entrepreneurs". If they're lending directly, who is going to do the credit risk management? What will stop their default rates being sky high? How will they meet other risks, like compliance risks (anti money laundering, for example).

LakeBanker's Crowd-Banking model delivers exceptional risk management. When one user requests credit from the system, other LakeBankers with appropriate training can be hailed by the app and given the option to earn fees by providing the KYC verifications and due diligence checks. The low overheads here mean that LakeBanker can do much more due diligence than any regular bank (or Humaniq). They also do it better: LakeBankers will tend to be local and know their communities well. With our risks so well managed, our risk adjusted returns will be very high.


So. The LakeBanker's business model is very different from Humaniq's. (Our is much better).




thanks for your response.

could I know how to add a new coin on LakeBTC? costs, materials, requirements, etc.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: LakeBanker on August 18, 2017, 11:22:05 PM
LakeBTC receives many requests to add new tokens to our trading platform.

We are looking in to this carefully and we will publish something about our requirements soon.

Trading for our token BAC will be enabled soon after the close of our Token Sale and before November 1st 2017.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: LakeBTC on August 21, 2017, 01:41:22 AM
again, i saw in white paper that you allocate 25% of token to your team. that's a lot. why so much?
and where are the bounty tokens from? what percent?

Our CSO wrote an in depth post about this question and compared our token distribution model to other recent ICOs. Check it out here:

https://medium.com/@andrew.mccarthy/ico-distribution-models-team-tokens-a866641e579


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: LakeBTC on August 21, 2017, 02:09:23 AM
Tokenverse (http://tokenverse.com) publish an in-depth article comparing our project to Humaniq. Check it our here:

http://www.tokenverse.com/blog/humaniq-and-lakebanker-a-comparitive-analysis/ (http://www.tokenverse.com/blog/humaniq-and-lakebanker-a-comparitive-analysis/)


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: LakeBTC on August 21, 2017, 02:56:01 AM
Tokenverse (http://tokenverse.com) publish an in-depth article comparing our project to Humaniq. Check it our here:

http://www.tokenverse.com/blog/humaniq-and-lakebanker-a-comparitive-analysis/ (http://www.tokenverse.com/blog/humaniq-and-lakebanker-a-comparitive-analysis/)

The Tokenverse article is very detailed and gives a balanced account of the two projects. However, we feel it misses some major advantages of our business model and our resources when compared with Humaniq. Some of those are listed in a post on the previous page.



Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: btceuropen on August 21, 2017, 06:25:49 AM
Here's an article comparing LakeBanker to Everex in Bitsonline.com (http://Bitsonline.com):

https://bitsonline.com/p2p-banking-lower-costs-underserved/ (https://bitsonline.com/p2p-banking-lower-costs-underserved/)

What do you guys think about the comparison?

I think you can acquired everx when your token sale is complete, I saw their business is included in your blueprint

Our CSO wrote a reply to the balanced comparison of Everex and LakeBanker. Check it out on medium:

https://medium.com/@andrew.mccarthy/everex-vs-lakebanker-what-to-look-for-in-a-fintech-startup-b90d3089b603 (https://medium.com/@andrew.mccarthy/everex-vs-lakebanker-what-to-look-for-in-a-fintech-startup-b90d3089b603)

everex may be in the middle of a successful ICO. They have a similar P2P style banking model.

I read this article and can't find the something difference from yours, so why do you think should anyone buy BAC if you're not doing anything different from Everex?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: titulng on August 21, 2017, 07:41:24 AM
Our advisory board comprises an international team of experts in finance, cryptocurrencies and Blockchain technology.




4 people from your team/advisory board went to Oxford University---did you all know each other before starting LakeBanker?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Mieehayii on August 21, 2017, 08:17:10 AM
Here's an article comparing LakeBanker to Everex in Bitsonline.com (http://Bitsonline.com):

https://bitsonline.com/p2p-banking-lower-costs-underserved/ (https://bitsonline.com/p2p-banking-lower-costs-underserved/)

What do you guys think about the comparison?

I think you can acquired everx when your token sale is complete, I saw their business is included in your blueprint

Our CSO wrote a reply to the balanced comparison of Everex and LakeBanker. Check it out on medium:

https://medium.com/@andrew.mccarthy/everex-vs-lakebanker-what-to-look-for-in-a-fintech-startup-b90d3089b603 (https://medium.com/@andrew.mccarthy/everex-vs-lakebanker-what-to-look-for-in-a-fintech-startup-b90d3089b603)

everex may be in the middle of a successful ICO. They have a similar P2P style banking model.

I read this article and can't find the something difference from yours, so why do you think should anyone buy BAC if you're not doing anything different from Everex?

don't think everex is a successful project, if your opponent was everex, you may fail too. they only completed 70% when there is the remaining 10 days


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: Cassie.Jill on August 21, 2017, 10:33:15 AM
have been read the thite paper, can not tell what it feels like temporarily, but just think it is unrestrained and formalized. or may be I need to understand it more.

Please post any questions you have about our project or the white paper here (or join our telegram/slack and ask there). We will be happy to answer any questions.

ok, I read it again,  but can't understand how actually LakeBanker works, so do you have more information about the Beta version of the LakeBanker system?


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 22, 2017, 01:55:43 AM
Our advisory board comprises an international team of experts in finance, cryptocurrencies and Blockchain technology.




4 people from your team/advisory board went to Oxford University---did you all know each other before starting LakeBanker?

A couple of our team/board members met at Oxford; others are just a coincidence.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: titulng on August 22, 2017, 02:52:29 AM
Our advisory board comprises an international team of experts in finance, cryptocurrencies and Blockchain technology.




4 people from your team/advisory board went to Oxford University---did you all know each other before starting LakeBanker?

A couple of our team/board members met at Oxford; others are just a coincidence.

coincidence? ok.
was Oxford the birthplace of LakeBanker?


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: bitorama on August 22, 2017, 08:23:38 AM
sounds interesting, we need more infomations


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: Nrcewker on August 22, 2017, 08:53:24 AM
have been read the thite paper, can not tell what it feels like temporarily, but just think it is unrestrained and formalized. or may be I need to understand it more.

Please post any questions you have about our project or the white paper here (or join our telegram/slack and ask there). We will be happy to answer any questions.

ok, I read it again,  but can't understand how actually LakeBanker works, so do you have more information about the Beta version of the LakeBanker system?

you can just understand the current LakeBanker like this:

LakeBanker deposit a large amount fund in system, so that any user would like to make depisit/withdraw with a relatively smaller amount, LakeBanker will deal with this user and earn the fee.

it is the current version, I have put forward a lot of proposals on LakeBanker, such as get a interest on untapped funds which jusy like bank.

Hopefully these will be implemented in the new LakeBanker system.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: m_nief on August 22, 2017, 09:12:11 AM
no info about price of this token, can you explain it?? how the price in pre-ICO, ICO and the exchange rate.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: titulng on August 22, 2017, 10:46:18 AM
no info about price of this token, can you explain it?? how the price in pre-ICO, ICO and the exchange rate.

I think you can find it their site and whitepaper https://lakebanker.com/whitepaper.pdf


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on August 23, 2017, 01:23:14 AM
Here's an article comparing LakeBanker to Everex in Bitsonline.com (http://Bitsonline.com):

https://bitsonline.com/p2p-banking-lower-costs-underserved/ (https://bitsonline.com/p2p-banking-lower-costs-underserved/)

What do you guys think about the comparison?

I think you can acquired everx when your token sale is complete, I saw their business is included in your blueprint

Our CSO wrote a reply to the balanced comparison of Everex and LakeBanker. Check it out on medium:

https://medium.com/@andrew.mccarthy/everex-vs-lakebanker-what-to-look-for-in-a-fintech-startup-b90d3089b603 (https://medium.com/@andrew.mccarthy/everex-vs-lakebanker-what-to-look-for-in-a-fintech-startup-b90d3089b603)

everex may be in the middle of a successful ICO. They have a similar P2P style banking model.

I read this article and can't find the something difference from yours, so why do you think should anyone buy BAC if you're not doing anything different from Everex?

don't think everex is a successful project, if your opponent was everex, you may fail too. they only completed 70% when there is the remaining 10 days

We wrote a piece describing some significant differences between the LakeBanker business model and Everex. We feel that ours is far superior. Check it out on medium

https://medium.com/@andrew.mccarthy/everex-vs-lakebanker-what-to-look-for-in-a-fintech-startup-b90d3089b603


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: LakeBTC on August 23, 2017, 01:28:10 AM
no info about price of this token, can you explain it?? how the price in pre-ICO, ICO and the exchange rate.

Full details of the tokensale are on our website: www.lakebanker.com (http://www.lakebanker.com)


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: LakeBTC on August 23, 2017, 03:59:57 AM
sounds interesting, we need more infomations

If you would like more information please read our whitepaper (http://lakebanker.com/whitepaper.pdf).

Alternatively, please ask questions here, or join our slack or telegram. We will be glad to answer questions there too.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: Jamacn on August 23, 2017, 08:50:02 AM
there is a more question, why do you set a difference sale between phase 1 and phase 2? it is easier to dump if put all eggs in one packet


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: LakeBTC on August 24, 2017, 01:43:53 AM
there is a more question, why do you set a difference sale between phase 1 and phase 2? it is easier to dump if put all eggs in one packet

We are issuing a small number of tokens in Phase 1 before the major sale in Phase 2. Phase 1 is a simple fixed price sale where tokens are sold at a discount. In return, we would like to use Phase 1 to:

• Gather feedback from the community.
• Collaborate with early participants.
• Improve documents, and other marketing materials.
• Generate more media coverage and community involvement.
• Acquire more consultation from professional services, including tax and legal counsels.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: Jamacn on August 25, 2017, 03:14:44 AM
there is a more question, why do you set a difference sale between phase 1 and phase 2? it is easier to dump if put all eggs in one packet

We are issuing a small number of tokens in Phase 1 before the major sale in Phase 2. Phase 1 is a simple fixed price sale where tokens are sold at a discount. In return, we would like to use Phase 1 to:

• Gather feedback from the community.
• Collaborate with early participants.
• Improve documents, and other marketing materials.
• Generate more media coverage and community involvement.
• Acquire more consultation from professional services, including tax and legal counsels.

I used LakeBTC once, with withdraw by LakeBanker, it seems that spend a longer time than usual, how do you think it would be better when LakeBanker is spinoff from LakeBTC? and are there difference features between the current version which you called Beta-Version and the upcoming new version?


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: LakeBTC on August 25, 2017, 04:37:29 AM
there is a more question, why do you set a difference sale between phase 1 and phase 2? it is easier to dump if put all eggs in one packet

We are issuing a small number of tokens in Phase 1 before the major sale in Phase 2. Phase 1 is a simple fixed price sale where tokens are sold at a discount. In return, we would like to use Phase 1 to:

• Gather feedback from the community.
• Collaborate with early participants.
• Improve documents, and other marketing materials.
• Generate more media coverage and community involvement.
• Acquire more consultation from professional services, including tax and legal counsels.

I used LakeBTC once, with withdraw by LakeBanker, it seems that spend a longer time than usual, how do you think it would be better when LakeBanker is spinoff from LakeBTC? and are there difference features between the current version which you called Beta-Version and the upcoming new version?

The LakeBanker system is currently in Beta. Full details are in our whitepaper. We currently have a network of around 2000 Lakebankers globally. Still it can take the system some time to find appropriate matches within the p2p network to facilitate withdrawals. When we expand the system after our tokensale, the number of LakeBankers will grow exponentially and users will get excellent liquidity. Again, more details of our plans for exponential growth are in our whitepaper.



Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: Republikcoin.com on August 26, 2017, 06:13:18 PM
Usually when choosing an investment I always see the initial achievement when ico is opened when many people invest then I will also buy in ico
Well where can we monitor the achievement of ico? Is there an address provided so we can monitor it?


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: MsCollec on August 27, 2017, 12:57:01 AM
Usually when choosing an investment I always see the initial achievement when ico is opened when many people invest then I will also buy in ico
Well where can we monitor the achievement of ico? Is there an address provided so we can monitor it?


I also want to know how much they raised so far, it would be like to see the progress of the ico and I also want to know how fund lake team are investing themselves.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: LakeBTC on August 27, 2017, 01:01:10 AM
Usually when choosing an investment I always see the initial achievement when ico is opened when many people invest then I will also buy in ico
Well where can we monitor the achievement of ico? Is there an address provided so we can monitor it?


The cap for Phase 1 is so small we're not going to provide monitoring. For Phase one it's possible to participate NOW. We did this to avoid users missing out because of last minute technical problems or network congestion. It's possible we will sell out long before the official start time of 9/15 3pm UTC. If we're oversold we'll allocate tokens pro rata. So there's no reason to wait if you're interested in getting our token. Users that "wait and see" are likely to miss out for Phase 1.

As you know the current price is 1 ETH = 1300 BAC, while in Phase 2 our auction starts with 1 ETH = 100 BAC. If the Phase 2 auction closes at that price, Phase 1 participants make 13x profit.

For Phase 2, where we sell most of our tokens, we will provide monitoring of the progress of the auction. Phase two will be held in mid-October.





Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: LakeBTC on August 27, 2017, 01:46:50 AM
Usually when choosing an investment I always see the initial achievement when ico is opened when many people invest then I will also buy in ico
Well where can we monitor the achievement of ico? Is there an address provided so we can monitor it?


I also want to know how much they raised so far, it would be like to see the progress of the ico and I also want to know how fund lake team are investing themselves.

On the first question, see the above answer: we're expecting Phase 1 to sell out quickly but if we oversell tokens will be allocated pro rata. LakeBTC has ten million user accounts. We have very many pro-traders investing with us. A lot of the demand for tokens in Phase one is coming from guys like that.

As to your second question, I'm not quite sure what you mean. 25% of the tokens are allocated to the team, but we subject ourselves to a long 5-year vesting schedule in which team members can only trade 20% of their tokens each year. This demonstrates our long term commitment to the project.

Our CSO wrote an article about team token allocation comparing us with some other successful ICOs. You can check it out here: https://medium.com/@andrew.mccarthy/ico-distribution-models-team-tokens-a866641e579 (https://medium.com/@andrew.mccarthy/ico-distribution-models-team-tokens-a866641e579)


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: LakeBanker on August 28, 2017, 02:04:18 AM
Investment is coming in for Phase 1 of our token sale. Right now our investors are of a few different types:

1. Pro-traders who see the chance of making 1300% profit. Right now the Phase 1 price is 1 ETH = 1300 BAC. At the beginning of Phase 2 the price will be 1 ETH = 100 BAC. If Phase 2 sells out in the first hour, people who bought in Phase 1 will make 1300% profit.

2. Long term investors who recognise the strength of our business model and the potential of our token to circulate amongst millions of people in the long run. They see long term value in holding BAC tokens.

3. Idealists who recognise the banking sector needs to change. It leaves billions of The world's  people behind. These investors want to be part of changing the world for the better with us.

4. Participants in the beta of the LakeBanker system. These guys have been working with us to develop the system in beta for 1.5 years. They're already working as Lakebankers. With them we have improved the system and streamlined our processes. Now the system is ready for the world. These  guys want to be part of the coming expansion.

So there are lots of reasons people are investing with us. But the phase one cap is very small. Just 2% of our total token supply. Early participation is recommended to avoid missing out.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: MsCollec on August 28, 2017, 03:36:38 AM
What is the conversion rate for BTC to ETH/BAC


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: LakeBTC on August 28, 2017, 06:04:14 AM
The price of BAC is stated in term of ETH. Current price is 1 ETH = 1300 BAC. This is the best price anyone will ever get.

The BTC to ETH exchange rate will be determined by the weighted average market rate on 15th September 2017 3pm UTC. See https://coinmarketcap.com/currencies/ethereum/#BTC (https://coinmarketcap.com/currencies/ethereum/#BTC)


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: adsadsx on August 28, 2017, 06:24:31 AM
if you need ,reserved the Chinese translation


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: xapwxrm5742 on August 28, 2017, 06:41:06 AM
Portfolio/Experience/previous translations links :
Ann thread:
https://bitcointalk.org/index.php?topic=2090936.msg20887037#msg20887037
https://bitcointalk.org/index.php?topic=2075235.msg20733405#msg20733405
whitepaper:
https://drive.google.com/open?id=0ByApryHvYSpQUWVubkpDVWJTNEk
PM me if you need the Chinese translation..


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: MsCollec on August 28, 2017, 07:35:40 AM
The price of BAC is stated in term of ETH. Current price is 1 ETH = 1300 BAC. This is the best price anyone will ever get.

The BTC to ETH exchange rate will be determined by the weighted average market rate on 15th September 2015 3pm UTC. See https://coinmarketcap.com/currencies/ethereum/#BTC (https://coinmarketcap.com/currencies/ethereum/#BTC)

Okay, I will just convert it myself. Thanks


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: LakeBTC on August 28, 2017, 07:53:45 AM
Portfolio/Experience/previous translations links :
Ann thread:
https://bitcointalk.org/index.php?topic=2090936.msg20887037#msg20887037
https://bitcointalk.org/index.php?topic=2075235.msg20733405#msg20733405
whitepaper:
https://drive.google.com/open?id=0ByApryHvYSpQUWVubkpDVWJTNEk
PM me if you need the Chinese translation..

Thanks for that. Chinese translation is now completed and is available here (https://lakebanker.com/whitepaper_zh_TW.pdf)


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: TinaK on August 28, 2017, 08:06:58 AM
Usually when choosing an investment I always see the initial achievement when ico is opened when many people invest then I will also buy in ico
Well where can we monitor the achievement of ico? Is there an address provided so we can monitor it?


I also want to know how much they raised so far, it would be like to see the progress of the ico and I also want to know how fund lake team are investing themselves.

this is an interesting question, will keep focus on this.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: leslie4u on August 28, 2017, 08:12:38 AM
well, I am just trying to understand how this whole system would work. Is this similar to PayPal or AdvCash? I mean how different is this from these providers in the market other than the fact that transfer within the system and to merchants are free.

Who is this LakeBanker? Is he/she the person to whom we send our currency to top up out Lake account?

can you answer this in a layman's term please?


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: jeeb on August 28, 2017, 01:49:33 PM
Free banker,Not governments? Oh,more idealized project, good, have signed  up Bitcointalk Signature campaign and Avatar,good luck!


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: LakeBanker on August 28, 2017, 11:07:50 PM
Usually when choosing an investment I always see the initial achievement when ico is opened when many people invest then I will also buy in ico
Well where can we monitor the achievement of ico? Is there an address provided so we can monitor it?


I also want to know how much they raised so far, it would be like to see the progress of the ico and I also want to know how fund lake team are investing themselves.

this is an interesting question, will keep focus on this.

We answered this question a couple of posts up. Thanks.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: LakeBTC on August 29, 2017, 01:41:11 AM
well, I am just trying to understand how this whole system would work. Is this similar to PayPal or AdvCash? I mean how different is this from these providers in the market other than the fact that transfer within the system and to merchants are free.

can you answer this in a layman's term please?

(1) The fact that all transactions in the system are free (include user-to-user and user-to-merchant) is a really big difference. Paypal, Western Union, Bank Wires, VISA, Mastercard all charge heavy fees. Our whitepaper (http://lakebanker.com/whitepaper.pdf) has some data on this. Our interface with LakeBTC.com also means we can offer currency exchange, including cryptocurrencies, with excellent liquidity and the best rates. Can Paypal do that?

(2) We are more than just a payment network. Our Crowd-Banking model gives us exceptional risk-management. This means when our Free Banking options attract millions of users, we can offer them a rich ecosystem of financial services such as credit lines, p2p lending, insurance etc. Our risk-adjusted returns from these services will be very high.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: LakeBTC on August 29, 2017, 01:54:50 AM
Free banker,Not governments? Oh,more idealized project, good, have signed  up Bitcointalk Signature campaign and Avatar,good luck!

Thanks. Not sure what your question about governments is? Could you restate the question?


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on August 29, 2017, 02:13:28 AM
The price of our token BAC in Phase 1 is 1 ETH = 1300 BAC. Only 2% of the total tokens are available at this price. Investment is already coming in long before the official start of Phase 1 on 9/15.

We recommend participating now to avoid missing out. If we oversell before the 9/15 3pm UTC we will allocate tokens pro rata so everyone can enjoy this low Phase 1 price. After that time, it will be first come first served.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on August 29, 2017, 02:28:52 AM
Massively Reduced Operational Overhead

On advantage of the LakeBanker system is that we can provide banking services with MUCH lower costs than traditional banks. Our Crowd-Banking model means that we have no high street branches, few employees, no large corporate offices and no ATM machines. Instead, we leverage the potential of existing personnel and infrastructure outside our core organisation. If a traditional bank wishes to expand its supply in a given location, they need to build a new branch, hire many employees and so on. In contrast, we expand supply just by having more users install our app. As a result, our marginal cost of supply falls exponentially and approaches zero:


Here is a comparative example:

A user in Hong Kong wishes to make a cash deposit into his regular bank account. This is done in branch. Real estate in Hong Kong is expensive—- over $2000 per square foot per annum in those prime areas where high street branches need to be. Assuming a modest sized 2000 square foot branch, the user deposits his money in a building which costs the bank $4 million dollars per year.

The same user, in the same part of Hong Kong wishes to deposit money into the LakeBanker system. He pushes a button on our app; Sage determines optimised matches and the app transmits the request to nearby LakeBankers. Within seconds the request is accepted. For the sake of the example, imagine the LakeBanker here is a nearby convenience store. The user walks to the store and hands over his money. The clerk presses a button on our app and the user’s account is credited with the appropriate amount. The cost to us of accepting the deposit is close to zero.

LakeBanker is bringing finance into the zero marginal cost economy


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on August 29, 2017, 02:48:43 AM
Exponenential Growth

One advantage of our Crowd-Banking model is that it leverages network effects that encourage the LakeBanker system to grow exponentially. When we enter a country, a single LakeBanker can service roughly ten users. The system encourages users to themselves become LakeBankers and offer services to others. Thus, once inside the system, those ten users can service a further hundred, who can then service a further thousand and so on. As more LakeBankers join the network it becomes more valuable—there is more geographical coverage/saturation and faster matches with user requests through our app. A more valuable network attracts more users which in turn attracts more Lake- Bankers to meet that demand. The cycle continues and the network grows exponentially:

https://preview.ibb.co/fp4gu5/ne.png (https://ibb.co/gUNC1k)


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on August 29, 2017, 05:41:53 AM
Beta Version


The LakeBanker system has been operating in Beta for 1.5 years.  Here is some more information about our trial period:

• The trail started about 1.5 years ago in stealth mode. No formal announcement and no media coverage. During this trial, we improved our workflow and streamlined the overall process.

• We currently have over 2000 LakeBankers. The demand is strong and has well exceeded our existing capacity. See map below for the global distribution of LakeBankers in our Beta (data may be incomplete)

• 40 FIAT currencies are supported and about 10 are most active.The demand for other currencies is as strong but LakeBankers in those areas need more support and training.



https://preview.ibb.co/fNWuE5/ud.jpg (https://ibb.co/hv6SZ5)



Our successful Beta demonstrates proof of concept. Now the LakeBanker system is ready for the world



Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: leea-1334 on August 29, 2017, 07:45:54 AM
Overall, I like existing projects with existing work,,, most important of all existing people who do things before any nonsense ICO. The business model is average, do you have examples of work in the countries with no banks? You say 1 LakeBanker services 20, so you have 2,000 means you have 40,000 people serviced?


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on August 30, 2017, 03:07:47 AM
Today we launched our referral campaign as part of our overall bounty program.


Invite friends and get 5% of the BAC tokens they buy as your referral bonus


Full details on how to participate are available on our website (http://lakebanker.com/blogs/2-lakebanker-bounty_programs)


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: stupid_seb on August 30, 2017, 03:43:40 AM
Wow!
Super interesting initiative.

Watched


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on August 30, 2017, 03:56:35 AM
Our CEO, Thomas Xie, was interviewed by Bitsonline.com where he talks about LakeBTC and the LakeBanker "Crowd-Banking" project.

Check it out here:

https://bitsonline.com/lakebanker-thomas-xie-interview/ (https://bitsonline.com/lakebanker-thomas-xie-interview/)


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: titulng on August 30, 2017, 09:53:30 AM
Exponenential Growth

One advantage of our Crowd-Banking model is that it leverages network effects that encourage the LakeBanker system to grow exponentially. When we enter a country, a single LakeBanker can service roughly ten users. The system encourages users to themselves become LakeBankers and offer services to others. Thus, once inside the system, those ten users can service a further hundred, who can then service a further thousand and so on. As more LakeBankers join the network it becomes more valuable—there is more geographical coverage/saturation and faster matches with user requests through our app. A more valuable network attracts more users which in turn attracts more Lake- Bankers to meet that demand. The cycle continues and the network grows exponentially:

https://preview.ibb.co/fp4gu5/ne.png (https://ibb.co/gUNC1k)

this is an ideal situation, in fact, it is easy to borken chain in the middle if the incentive is not enough


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: leea-1334 on August 30, 2017, 12:59:58 PM
I guess no one is interested to answer questions from curious onlookers? Maybe they don't want investors who know too much? Careful with the referral fees. 5% is a lot to give away from tokens sales. It just keeps adding up to your dumping problem after Phase 1. Add the incentive later, not before.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on August 31, 2017, 01:57:48 AM
I guess no one is interested to answer questions from curious onlookers? Maybe they don't want investors who know too much? Careful with the referral fees. 5% is a lot to give away from tokens sales. It just keeps adding up to your dumping problem after Phase 1. Add the incentive later, not before.


We're more than happy to answer questions here. We're also on telegram and slack if you want to talk to us there.

The links to our telegram/slack channels are on the front page of this thread.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on August 31, 2017, 02:39:04 AM
I guess no one is interested to answer questions from curious onlookers? Maybe they don't want investors who know too much? Careful with the referral fees. 5% is a lot to give away from tokens sales. It just keeps adding up to your dumping problem after Phase 1. Add the incentive later, not before.

On your second point: we won't have a dumping problem. Only 2% of our tokens are offered in Phase 1. at this very low price. Sure some investors will be looking at the short term potential of a 1300% flip. But others are interested in are token for its long term potential to circulate amongst many millions of users. Since such a small number of tokens are being sold at the low price, those that sell them early won't have a big impact on the market.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: MsCollec on August 31, 2017, 03:22:32 AM
I guess no one is interested to answer questions from curious onlookers? Maybe they don't want investors who know too much? Careful with the referral fees. 5% is a lot to give away from tokens sales. It just keeps adding up to your dumping problem after Phase 1. Add the incentive later, not before.

A lot of ico gives away 5% referral - paragon, latoken etc 


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on August 31, 2017, 03:39:32 AM
Today we were written about in Interactive Investor. One of the UK's leading investment portals:

http://www.iii.co.uk/articles/439928/new-chinese-threat-global-banking-system (http://www.iii.co.uk/articles/439928/new-chinese-threat-global-banking-system)


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: leea-1334 on August 31, 2017, 06:22:29 AM
I guess no one is interested to answer questions from curious onlookers? Maybe they don't want investors who know too much? Careful with the referral fees. 5% is a lot to give away from tokens sales. It just keeps adding up to your dumping problem after Phase 1. Add the incentive later, not before.

On your second point: we won't have a dumping problem. Only 2% of our tokens are offered in Phase 1. at this very low price. Sure some investors will be looking at the short term potential of a 1300% flip. But others are interested in are token for its long term potential to circulate amongst many millions of users. Since such a small number of tokens are being sold at the low price, those that sell them early won't have a big impact on the market.

Thank you for the response. I think it's extremely common for the first investors to dump as soon as tokens trade, since almost every token opens at exactly or close to the normal price. Bonuses from early bird or referrals mean instant profit. It hurst the majority who can only enter later on. In any case, yes the small % is a form of protection. This does remain an interesting project. I am close to making my mind up. Thank you again.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on August 31, 2017, 07:05:49 AM
I guess no one is interested to answer questions from curious onlookers? Maybe they don't want investors who know too much? Careful with the referral fees. 5% is a lot to give away from tokens sales. It just keeps adding up to your dumping problem after Phase 1. Add the incentive later, not before.

On your second point: we won't have a dumping problem. Only 2% of our tokens are offered in Phase 1. at this very low price. Sure some investors will be looking at the short term potential of a 1300% flip. But others are interested in are token for its long term potential to circulate amongst many millions of users. Since such a small number of tokens are being sold at the low price, those that sell them early won't have a big impact on the market.

Thank you for the response. I think it's extremely common for the first investors to dump as soon as tokens trade, since almost every token opens at exactly or close to the normal price. Bonuses from early bird or referrals mean instant profit. It hurst the majority who can only enter later on. In any case, yes the small % is a form of protection. This does remain an interesting project. I am close to making my mind up. Thank you again.

Good point. It's a difficult question. Early Bird bonuses are a good way of gathering interest/feedback/participation from the community, which is really important in this hugely crowded market. But I agree, it does make it risky for the majority who buy at the higher price.

We really emphasize our long term business model and the long term strength of our token. We're not looking for short term flip (our team tokens are subject to a long vesting schedule).


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on August 31, 2017, 08:47:42 AM
We're happy to announce that we plan to accept Litecoin as a payment option for our Token Sale. Trading for Litecoin will then be enabled on LakeBTC.com (http://LakeBTC.com) shortly after the close of the Token Sale.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on August 31, 2017, 10:01:35 AM

We may accept other cryptos for the Token Sale. Please nominate your favourite.

We're happy to announce that we plan to accept Litecoin as a payment option for our Token Sale. Trading for Litecoin will then be enabled on LakeBTC.com (http://LakeBTC.com) shortly after the close of the Token Sale.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: titulng on August 31, 2017, 10:54:04 AM
We're happy to announce that we plan to accept Litecoin as a payment option for our Token Sale. Trading for Litecoin will then be enabled on LakeBTC.com (http://LakeBTC.com) shortly after the close of the Token Sale.

maybe dogecoin were accepted soon...


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: slay4usd on August 31, 2017, 10:16:45 PM
Hi, please explain what happens if until September 15, 3PM UTC more than 10 million BAC are bought. For example, if until September 15, 3PM UTC I buy 1.3 million BAC at the price of 1300 BAC/ETH and then on September 15, 3PM UTC it appears that in total 20 million BAC were bought, so then I will receive only 0.65 million BAC and you will pay back to me 500 ETH (1,300,000/1300/2=500)?


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 01, 2017, 12:40:49 AM
Hi, please explain what happens if until September 15, 3PM UTC more than 10 million BAC are bought. For example, if until September 15, 3PM UTC I buy 1.3 million BAC at the price of 1300 BAC/ETH and then on September 15, 3PM UTC it appears that in total 20 million BAC were bought, so then I will receive only 0.65 million BAC and you will pay back to me 500 ETH (1,300,000/1300/2=500)?

Yes, that's right. If we oversell prior to 9/15 3pm UTC tokens will be allocated pro rata and we will provide refunds. Your calculations in the example are correct.

We did it this way becuase the Phase 1 price is extremely low, but there is a very small cap of 2%. So we want to give everyone a chance to buy tokens at this price.



Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: slay4usd on September 01, 2017, 04:29:35 AM
How many BAC are bought until this moment? In your opinion, approximately how many BAC will be bought on September 15, 2017, 3pm UTC?


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 01, 2017, 04:54:37 AM
How many BAC are bought until this moment? In your opinion, approximately how many BAC will be bought on September 15, 2017, 3pm UTC?

The cap is so low low for Phase 1 we're not releasing live sale data. We'll do that for Phase 2 probably.

Demand is strong so far with still two weeks before the official start of Phase one. The price is so low that there's a chance to make a 1300% profit by investing early. People are buying becuase of that and other reasons. So we think there's a good chance that we'll sell the whole 2% before September 15, 2017, 3pm UTC.



Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: desticy on September 01, 2017, 07:44:41 AM
I guess no one is interested to answer questions from curious onlookers? Maybe they don't want investors who know too much? Careful with the referral fees. 5% is a lot to give away from tokens sales. It just keeps adding up to your dumping problem after Phase 1. Add the incentive later, not before.

On your second point: we won't have a dumping problem. Only 2% of our tokens are offered in Phase 1. at this very low price. Sure some investors will be looking at the short term potential of a 1300% flip. But others are interested in are token for its long term potential to circulate amongst many millions of users. Since such a small number of tokens are being sold at the low price, those that sell them early won't have a big impact on the market.

Thank you for the response. I think it's extremely common for the first investors to dump as soon as tokens trade, since almost every token opens at exactly or close to the normal price. Bonuses from early bird or referrals mean instant profit. It hurst the majority who can only enter later on. In any case, yes the small % is a form of protection. This does remain an interesting project. I am close to making my mind up. Thank you again.

people prefer to get bouns or profits directly,  rather than the pormised retuns

so, to say nothing of this, the project simply didn't promise anyone that they would get paid back


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 01, 2017, 08:15:10 AM
I guess no one is interested to answer questions from curious onlookers? Maybe they don't want investors who know too much? Careful with the referral fees. 5% is a lot to give away from tokens sales. It just keeps adding up to your dumping problem after Phase 1. Add the incentive later, not before.

On your second point: we won't have a dumping problem. Only 2% of our tokens are offered in Phase 1. at this very low price. Sure some investors will be looking at the short term potential of a 1300% flip. But others are interested in are token for its long term potential to circulate amongst many millions of users. Since such a small number of tokens are being sold at the low price, those that sell them early won't have a big impact on the market.

Thank you for the response. I think it's extremely common for the first investors to dump as soon as tokens trade, since almost every token opens at exactly or close to the normal price. Bonuses from early bird or referrals mean instant profit. It hurst the majority who can only enter later on. In any case, yes the small % is a form of protection. This does remain an interesting project. I am close to making my mind up. Thank you again.

people prefer to get bouns or profits directly,  rather than the pormised retuns

so, to say nothing of this, the project simply didn't promise anyone that they would get paid back

Yes, of course, we don't promise any specific returns. If investors believe there's a chance to make a 1300% flip by joining in Phase 1 that is a decision they have make based on their own research.

The team is intersted in the long term---that's the important thing (our tokens are subject to the longest vesting schedule of any ICO project we know of). And the number of tokens available at a big discount is too small to have a significant effect on the market once the token becomes tradable. We think this is a pretty good balance.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: Cassie.Jill on September 01, 2017, 08:26:31 AM
We're happy to announce that we plan to accept Litecoin as a payment option for our Token Sale. Trading for Litecoin will then be enabled on LakeBTC.com (http://LakeBTC.com) shortly after the close of the Token Sale.

wow, it's a great thing! so many exhcange had support LTC, bout only few exchange including LakeBTC is not.  but now, LakeBTC do support Litecoin!


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: l8orre on September 01, 2017, 09:06:27 AM
website down??

https://isitdownorjust.me/lakebtc-com/# (https://isitdownorjust.me/lakebtc-com/#)

edit:

https://isitdownorjust.me/lakebtc-com/# (https://isitdownorjust.me/lakebtc-com/#)

shows it is back up again, but I can't seem to get a connection from Germany


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 01, 2017, 09:08:00 AM
We're happy to announce that we plan to accept Litecoin as a payment option for our Token Sale. Trading for Litecoin will then be enabled on LakeBTC.com (http://LakeBTC.com) shortly after the close of the Token Sale.

wow, it's a great thing! so many exhcange had support LTC, bout only few exchange including LakeBTC is not.  but now, LakeBTC do support Litecoin!

Yes, we're also considering accepting other altcoins for the token sale. Please let us know your favorite


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 Active Now)
Post by: CUNÉGONDE on September 01, 2017, 09:22:01 AM
again, i saw in white paper that you allocate 25% of token to your team. that's a lot. why so much?
and where are the bounty tokens from? what percent?

Our CSO wrote an in depth post about this question and compared our token distribution model to other recent ICOs. Check it out here:

https://medium.com/@andrew.mccarthy/ico-distribution-models-team-tokens-a866641e579

thanks for the replay, but how is the LakeBanker system more secure than others, since each Banker is responsible for their own user?

even Banker is kind and innocent, did LakeBTC guarantee security against hackers for LakeBanker system?


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: VPoro on September 01, 2017, 09:24:50 AM
again, i saw in white paper that you allocate 25% of token to your team. that's a lot. why so much?
and where are the bounty tokens from? what percent?

Our CSO wrote an in depth post about this question and compared our token distribution model to other recent ICOs. Check it out here:

https://medium.com/@andrew.mccarthy/ico-distribution-models-team-tokens-a866641e579

thanks for the replay, but how is the LakeBanker system more secure than others, since each Banker is responsible for their own user?

even Banker is kind and innocent, did LakeBTC guarantee security against hackers for LakeBanker system?
That's thing I wonder too. don't be like btc-e. "oh we got f*** and will give back u 55% your balance"


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 02, 2017, 01:13:20 AM
again, i saw in white paper that you allocate 25% of token to your team. that's a lot. why so much?
and where are the bounty tokens from? what percent?

Our CSO wrote an in depth post about this question and compared our token distribution model to other recent ICOs. Check it out here:

https://medium.com/@andrew.mccarthy/ico-distribution-models-team-tokens-a866641e579

thanks for the replay, but how is the LakeBanker system more secure than others, since each Banker is responsible for their own user?

even Banker is kind and innocent, did LakeBTC guarantee security against hackers for LakeBanker system?
That's thing I wonder too. don't be like btc-e. "oh we got f*** and will give back u 55% your balance"

The LakeBanker system is a spinoff go crypto-exchange LakeBTC.com (http://LakeBTC.com). We inherit their core team, expertise, technology and culture. LakeBTC has an exceptional record of security and reliability. WE may be the only major platform without stolen coins, security scandals or flash crashes. We know how to handles peoples money.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: Daydream 61 on September 02, 2017, 08:43:25 AM
how long does it take from the myetherwallet to lakebtc wallet. I am waiting for 30 minutes
everything was spelled correctly . the lakebanker wallet displays 0
( www.lakebtc.com/deposits/new)  nothing to see
or is this a scam site ?


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 02, 2017, 10:55:33 AM
how long does it take from the myetherwallet to lakebtc wallet. I am waiting for 30 minutes
everything was spelled correctly . the lakebanker wallet displays 0
( www.lakebtc.com/deposits/new)  nothing to see
or is this a scam site ?

We'll look into this an get back to you.

Don't worry, LakeBTC is not a scam site: We've been around for years and we have a great reputation. We wouldn't ruin that reputation  by running a dodgy ICO.



Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 02, 2017, 10:59:55 AM
how long does it take from the myetherwallet to lakebtc wallet. I am waiting for 30 minutes
everything was spelled correctly . the lakebanker wallet displays 0
( www.lakebtc.com/deposits/new)  nothing to see
or is this a scam site ?

OK. There's a delay in the synchronisation with the ethereum wallet client. It looks like we're about three hours behind. The system will catch up.

Your money is safe with us.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: Daydream 61 on September 02, 2017, 11:34:43 AM
how long does it take from the myetherwallet to lakebtc wallet. I am waiting for 30 minutes
everything was spelled correctly . the lakebanker wallet displays 0
( www.lakebtc.com/deposits/new)  nothing to see
or is this a scam site ?

OK. There's a delay in the synchronisation with the ethereum wallet client. It looks like we're about three hours behind. The system will catch up.

Your money is safe with us.

OK. I'll see it in an hour. Then write here

09/02/2017 19:46   ETH   XXXXXX ETH   Fee 0.0000 ETH    View
Ok. arrived . all correctly now


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: Daydream 61 on September 02, 2017, 12:25:19 PM
it has now all worked . Conclusion :
the site is well reached and clear .also for a beginner very well done. not complicated. 2fa fuse also available and / or sms
I am satisfied and can say look at the times .now I can say everything went perfectly so far



Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: l8orre on September 02, 2017, 12:33:27 PM


OK. There's a delay in the synchronisation with the ethereum wallet client. It looks like we're about three hours behind. The system will catch up.

Your money is safe with us.

I have sent some BTC and made a payment to get some tokens.

Will there be a special wallet after launch, or do I have to download an Ethereum wallet?


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 03, 2017, 01:57:15 AM


OK. There's a delay in the synchronisation with the ethereum wallet client. It looks like we're about three hours behind. The system will catch up.

Your money is safe with us.

I have sent some BTC and made a payment to get some tokens.

Will there be a special wallet after launch, or do I have to download an Ethereum wallet?


The token will be ERC20 compliant: you can keep them at LakeBTC (with great security), or use your own wallet. Your choice.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 03, 2017, 01:31:33 PM
Thanks for your positive feedback.

it has now all worked . Conclusion :
the site is well reached and clear .also for a beginner very well done. not complicated. 2fa fuse also available and / or sms
I am satisfied and can say look at the times .now I can say everything went perfectly so far




Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 04, 2017, 02:21:02 AM
An article about our Crowd-Banking concept in Fintech News site, Techbullion:

http://www.techbullion.com/future-finance-crowd-banking/ (http://www.techbullion.com/future-finance-crowd-banking/)


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 04, 2017, 02:55:37 AM
An interview with our CEO in Uk-based fintech new site, Techbullion:

http://www.techbullion.com/interview-ceo-lakebanker-thomas-xie/ (http://www.techbullion.com/interview-ceo-lakebanker-thomas-xie/)


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 04, 2017, 04:30:35 AM
More articles about us:

http://www.tokenverse.com/news/lakebanker-bringing-financial-services-to-all-through-crowd-banking/ (http://www.tokenverse.com/news/lakebanker-bringing-financial-services-to-all-through-crowd-banking/)


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 04, 2017, 06:01:31 AM
We're happy to announce that we plan to accept Litecoin as a payment option for our Token Sale. Trading for Litecoin will then be enabled on LakeBTC.com (http://LakeBTC.com) shortly after the close of the Token Sale.

In reference to the above post, we are now happy to announce that Litcoin (LTC) deposits have been enabled at lakeBTC.com (http://lakeBTC.com) for the purposes of the Lakebanker Token Sale. Trading of Litecoin (LTC) will be enabled there shortly after the close of the sale.



Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: l8orre on September 04, 2017, 02:25:18 PM

will this affect LakeBanker ICO?

https://cointelegraph.com/news/china-halts-60-icos-as-companies-cancel-sales-awaiting-legislation (https://cointelegraph.com/news/china-halts-60-icos-as-companies-cancel-sales-awaiting-legislation)

... I have been in crypto for too long to panic quickly, but this question seems relevant


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 05, 2017, 03:16:26 AM
This won't affect us.

LakeBanker is an international organization. We are not incorporated in China. LakeBTC's website is not available in (simplified) mandarin. The overwhelming majority of our customers are from outside China.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: Mokel on September 05, 2017, 04:00:51 AM
I really hope ico from this project can quickly be achieved from this project token can be in good market


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 05, 2017, 05:21:23 AM
I really hope ico from this project can quickly be achieved from this project token can be in good market


Yes we have faith in the long-term utility of our token.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 05, 2017, 09:27:41 AM
Our CSO is interviewed by bitcoinist about the China situation:

http://bitcoinist.com/ic0-china-initial-coin-offering-bubble/ (http://bitcoinist.com/ic0-china-initial-coin-offering-bubble/)


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: GreenCoin22 on September 05, 2017, 09:53:37 AM
Our CSO is interviewed by bitcoinist about the China situation:

http://bitcoinist.com/ic0-china-initial-coin-offering-bubble/ (http://bitcoinist.com/ic0-china-initial-coin-offering-bubble/)


but the question is that, did chinese ban ICO? and had this token sale been affected?


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: desticy on September 05, 2017, 10:20:05 AM
This won't affect us.

LakeBanker is an international organization. We are not incorporated in China. LakeBTC's website is not available in (simplified) mandarin. The overwhelming majority of our customers are from outside China.
it seems that the calm before the storm


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: NostradamusJones on September 05, 2017, 08:44:17 PM
Once Ethereum is transferred to my LB account,  how long does it take to post?  Been waiting a couple hours now.

EDIT:  Took my Eth deposit about 5 hours to be credited to my account.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: JPMoron on September 06, 2017, 01:05:09 AM
Log in and verification seem too long for me to wait for it,
I closed the site and would go back to check there again


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: nasibakar on September 06, 2017, 01:10:09 AM
Is the ICO still running right,
I am a bit hesitate to join in as the ICO should also register in their trading platform.

Do you have any plan to trade the token within Bittrex and/or Polo?


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 06, 2017, 02:43:26 AM
Our CSO is interviewed by bitcoinist about the China situation:

http://bitcoinist.com/ic0-china-initial-coin-offering-bubble/ (http://bitcoinist.com/ic0-china-initial-coin-offering-bubble/)


but the question is that, did chinese ban ICO? and had this token sale been affected?

The Chinese imposed a temporary ban on ICO.

But we are not a Chinese organisation, so our ICO will not be affected other than that we will not allow Chinese citizens to participate.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 06, 2017, 02:57:21 AM
Is the ICO still running right,
I am a bit hesitate to join in as the ICO should also register in their trading platform.

Do you have any plan to trade the token within Bittrex and/or Polo?

Yes. The ICO is still running. As we are not incorporated in China, nor have we marketed our ICO in China, the temporary ban does not affect us (other than that we will disallow Chinese citizens from participating).

Trading for BAC tokens will still be enabled on our trading platform shortly after the close of Phase 2 (and before Nov. 1st 2017).



Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 06, 2017, 05:55:18 AM
Is the ICO still running right,
I am a bit hesitate to join in as the ICO should also register in their trading platform.

Do you have any plan to trade the token within Bittrex and/or Polo?

We haven't approached Bittrex or Polo. BAC will be tradable on LakeBTC and we have the best reputation for security and reliability in the business. In the future, we may look to work with other exchanges if they meet our high standards.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 06, 2017, 06:46:25 AM
Log in and verification seem too long for me to wait for it,
I closed the site and would go back to check there again

We looked into this and LakeBTC.com (http://LakeBTC.com) appears to be working well. Are you still experiencing a problem?


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 06, 2017, 07:21:38 AM
Once Ethereum is transferred to my LB account,  how long does it take to post?  Been waiting a couple hours now.

EDIT:  Took my Eth deposit about 5 hours to be credited to my account.

Yes. Apologies we had a sync. delay with the Ethereum wallet client. The system should catch up soon.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 06, 2017, 07:34:51 AM
This won't affect us.

LakeBanker is an international organization. We are not incorporated in China. LakeBTC's website is not available in (simplified) mandarin. The overwhelming majority of our customers are from outside China.
it seems that the calm before the storm


Not sure what you mean by "calm before the storm". As we are not a Chinese based ICO, the temporary ban on ICO in China will not affect us.

However, we are keeping an eye on the situation and remain vigilant. In particular, we are not allowing Chinese Citizens to participate in our ICO.



Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 06, 2017, 07:50:09 AM
Our CSO is interviewed by bitcoinist about the China situation:

http://bitcoinist.com/ic0-china-initial-coin-offering-bubble/ (http://bitcoinist.com/ic0-china-initial-coin-offering-bubble/)


but the question is that, did chinese ban ICO? and had this token sale been affected?

China has imposed a temporary ban on ICO to deal with the problem of scammers. In the longer run, they seem to want to be a global leader in Blockchain technology.

Our Token Sale is not affected other than that we now do now allow Chinese citizens to participate. We never marketed this Token Sale in China so we don't don't expect any problems.



Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 06, 2017, 09:10:25 AM
Ethereum and Litecoin trading have been enabled at LakeBTC.com (http://LakeBTC.com). We are still in the testing phase and will make a full public announcement soon once we're sure everything is working perfectly.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: CUNÉGONDE on September 06, 2017, 10:51:53 AM
Ethereum and Litecoin trading have been enabled at LakeBTC.com (http://LakeBTC.com). We are still in the testing phase and will make a full public announcement soon once we're sure everything is working perfectly.

if litecoin is accepted, I guess dogecoin will be the next  ;)


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: germsite on September 06, 2017, 10:54:48 AM
Ethereum and Litecoin trading have been enabled at LakeBTC.com (http://LakeBTC.com). We are still in the testing phase and will make a full public announcement soon once we're sure everything is working perfectly.

so is this also some type of exchange? I thought it's something else when I scanned through the OP. Or is an exchange only part of the whole project?


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: Daydream 61 on September 06, 2017, 05:19:52 PM
I've just tried again : the login works easy and fast . 2FA put into operation went smoothly .
it is very clear and well arranged . not complicated and easy to use. I can recommend this platform and do not belong to the team.
I think this will be a good object


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: ssvenss on September 06, 2017, 05:20:40 PM
2fa authorization can not be considered that it is safe


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: Daydream 61 on September 06, 2017, 05:37:38 PM
2fa authorization can not be considered that it is safe
better than nothing. there are also other security measures. no problem . can customize each individual
everyone can do as he wants . is also not different with bittrex and kraken  ;D
not even myetherwallet has 2fa  ;)


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 07, 2017, 01:31:53 AM
Ethereum and Litecoin trading have been enabled at LakeBTC.com (http://LakeBTC.com). We are still in the testing phase and will make a full public announcement soon once we're sure everything is working perfectly.

so is this also some type of exchange? I thought it's something else when I scanned through the OP. Or is an exchange only part of the whole project?

LakeBTC.com (http://LakeBTC.com) is a crypto exchange. We've been around since 2013 and we're currently top 20 in the world for Bitcoin trading volume.


LakeBanker is a Crowd-Banking platform that has been operating in Beta within LakeBTC for 1.5 years. The Beta was very successful. Now we plan to spinoff the LakeBanker platform as an independent company and launch a Token Sale to fund it's expansion.


In the future, LakeBanker and LakeBTC will still remain closely related; but they will be separate companies. As a spinoff, LakeBanker inherits the core team of LakeBTC along with its expertise in reliability and security, its technology and its culture.


Hope this helps you understand the relationship between LakeBTC and LakeBanker. If not, please ask more questions here or join us on Slack or Telegram (links on the front page)


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 07, 2017, 02:39:13 AM
I've just tried again : the login works easy and fast . 2FA put into operation went smoothly .
it is very clear and well arranged . not complicated and easy to use. I can recommend this platform and do not belong to the team.
I think this will be a good object

Glad your experience was a good one


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 07, 2017, 03:17:34 AM
2fa authorization can not be considered that it is safe

LakeBTC.com (http://LakeBTC.com) has an impeccable reputation for reliability and security. We are perhaps the only major crypto-trading platform without stolen coins, security scandals or flash crashes.

We have many security protocols that go way beyond 2fa auth. These will all be inherited by the LakeBanker "Crowd-Banking" platform.

For more specific information about our security protocols, please see section 3.3 of our formal whitepaper (https://lakebanker.com/whitepaper.pdf)


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 07, 2017, 03:54:58 AM
2fa authorization can not be considered that it is safe
better than nothing. there are also other security measures. no problem . can customize each individual
everyone can do as he wants . is also not different with bittrex and kraken  ;D
not even myetherwallet has 2fa  ;)


Correct. We employ, many, many security measures beyond 2fa authentication. (see our whitepaper for details).

This is why LakeBTC.com (http://LakeBTC.com) has a perfect record of never losing any customers' money. Ever.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 07, 2017, 04:24:14 AM
We are happy to announce that LakeBTC.com (http://LakeBTC.com) plans to enable trading of ETC and XRP in the near future. More details to follow.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 07, 2017, 05:36:39 AM
How many BAC are bought until this moment? In your opinion, approximately how many BAC will be bought on September 15, 2017, 3pm UTC?

The cap is so low low for Phase 1 we're not releasing live sale data. We'll do that for Phase 2 probably.

Demand is strong so far. The price is so low that there's a chance to make a 1300% profit by investing early. People are buying becuase of that and other reasons. So we think there's a good chance that we'll sell the whole 2% before September 15, 2017, 3pm UTC.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 07, 2017, 05:49:22 AM
Interview with our CSO published today in Bitsonline.com (http://Bitsonline.com): "We don't beg big banks to work with us; we replace them"


https://bitsonline.com/dont-beg-banks-replace/ (https://bitsonline.com/dont-beg-banks-replace/)



Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: Daydream 61 on September 07, 2017, 06:19:56 PM
then we want to see what the next days so bring to investors . there are very large plans.
since I have also invested a little bit gladly these news of course . continue good work and much success


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 08, 2017, 02:04:47 AM
then we want to see what the next days so bring to investors . there are very large plans.
since I have also invested a little bit gladly these news of course . continue good work and much success


Thanks. Yes our Phase 1 discount has attracted investors. But it has a small cap (just 2% of the total token supply). If Phase 1 oversells before September 15, 2017, 3pm UTC we will allocate tokens pro rata to make sure everyone can get some BAC tokens at the lowest price.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 08, 2017, 05:15:08 AM
Exponenential Growth

One advantage of our Crowd-Banking model is that it leverages network effects that encourage the LakeBanker system to grow exponentially. When we enter a country, a single LakeBanker can service roughly ten users. The system encourages users to themselves become LakeBankers and offer services to others. Thus, once inside the system, those ten users can service a further hundred, who can then service a further thousand and so on. As more LakeBankers join the network it becomes more valuable—there is more geographical coverage/saturation and faster matches with user requests through our app. A more valuable network attracts more users which in turn attracts more Lake- Bankers to meet that demand. The cycle continues and the network grows exponentially:

https://preview.ibb.co/fp4gu5/ne.png (https://ibb.co/gUNC1k)

this is an ideal situation, in fact, it is easy to borken chain in the middle if the incentive is not enough


Indeed. We retain 25% of the tokens (125,000,000 BAC) as a USER GROWTH FUND. That can be used to incentivize new LakeBankers and encourage exponential growth.

The heart of the crowd-banking model is that users can get backing services from the platform, but they can also earn fees by supplying banking services to others. So every additional user makes the system more valuable to others.

It's similar to something like Facebook: every time a new user connects, they make the social network more valuable to everyone by uploading content that others can see.

This is what encourages exponential growth.



Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on September 08, 2017, 05:47:10 AM
To gauge this project accurately I want to look at lakebtc.com's volume, trends, etc. but there's virtually no way to do this because all info on lakebtc since 2016 seems to have disappeared into a black hole in the English speaking world. The coinmarketcap/other tracking site API is broken, virtually all forum activity and site reviews date back to 2014 and so on. Additionally, I'm not filled with confidence about a token sale for a spinoff that wants to trade 30 currencies when the original platform still won't even support ETH itself before phase 2.

Will we see LakeBTC itself make improvements to match this ICO (and ideally ahead of it)? Is there a roadmap on that side?

LakeBTC.com (http://LakeBTC.com) is now listed on coinmarket cap. Our trading volumes are available to view:

https://coinmarketcap.com/exchanges/lakebtc/ (https://coinmarketcap.com/exchanges/lakebtc/)

ETH deposits have already been enabled and ETH trading is in testing mode. It will be enabled soon (along with LTC, ETC and XRP)


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: criz2fer on September 08, 2017, 06:16:09 AM
Reserve Filipino translation if needed.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 08, 2017, 06:30:03 AM
LakeBTC is experiencing some synchronization delay with the Ethereum Wallet Client.

Currently, we are a few hours behind, but we are working to solve the problem.

For users that have made ETH deposits for the LakeBanker Token Sale, your money is safe with us.

For users thinking of participating in Phase 1 of the Token Sale, we recommend early participation to avoid last minute problems.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 08, 2017, 07:34:23 AM
For users who have attempted to make deposits to LakeBTC.com for the LakeBanker Token Sale, please get in touch with us via Slack or Telegram if you want live feedback or customer support. (links on the front page of this thread)

Thanks.


Title: Re: [ANN] LakeBanker | Free Banking for the World
Post by: LakeBTC on September 08, 2017, 08:17:37 AM
have been read the thite paper, can not tell what it feels like temporarily, but just think it is unrestrained and formalized. or may be I need to understand it more.

Our white paper is a formal document. Please ask any questions here (or in our telegram or slack channels), and we can explain things in less formal terms. Thanks.



Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: AND01 on September 10, 2017, 12:01:53 PM
We are happy to announce that LakeBTC.com (http://LakeBTC.com) plans to enable trading of ETC and XRP in the near future. More details to follow.
The exchange should increase the anonymous currency transactions such as zcoin


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: abdulmozadm on September 10, 2017, 09:20:13 PM
Banking, I would argue, is the most heavily regulated industry in the world. Regulations don't solve things. Supervision solves things.Im watching a bright future for your bank.Soon you will reach the sky.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 11, 2017, 01:36:57 AM
Thanks, we'll take this into consideration.




Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 11, 2017, 02:13:57 AM
Thanks for your vote of confidence in our project. We plan to work with regulators---they are going to have to adapt to the rapidly changing pace of financial technology. We'll make their job easier, in part because of the exceptional risk management that our Crowd-Banking model provides.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 11, 2017, 03:31:42 AM
Just over 4 days until the official start of Phase one of the LakeBanker Token Sale.

Those interested in participating should act now to avoid last-minute problems.



Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: digaran on September 11, 2017, 07:58:06 AM
Pretty much the best ICO eveh, now we can do the KYC easily with lake monster and every body with every governments worldwide will recognize our rights of being our own decentralized banks. my problem is that no government is legitimizing the decentralized authority. it means when it comes to real world problem solving only the parties which the government is giving them authority could fix my problem, for example if I want to register a physical Visa card in order to register in google services or register on an exchange to deposit fiat, no body will accept me because the real authority (US government) is not allowing them to. if your services are going to listen to central authorities(governments) then there is no difference between you and the already established banking system.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 12, 2017, 08:27:54 AM
Pretty much the best ICO eveh, now we can do the KYC easily with lake monster and every body with every governments worldwide will recognize our rights of being our own decentralized banks. my problem is that no government is legitimizing the decentralized authority. it means when it comes to real world problem solving only the parties which the government is giving them authority could fix my problem, for example if I want to register a physical Visa card in order to register in google services or register on an exchange to deposit fiat, no body will accept me because the real authority (US government) is not allowing them to. if your services are going to listen to central authorities(governments) then there is no difference between you and the already established banking system.


We plan to stay compliant and work with regulators wherever we operate where possible. However, we feel that we are still radically different from traditional banks: In particular, their costs are higher and their risk management is inefficient. Further, our platform gives users the opportunity to earn fees by serving others, which can't be done with regular banks.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 13, 2017, 01:05:34 AM
2 and a half days until the official beginning of Phase 1.

We have been accepting payment for around one month and there is a very small cap at this price.

Participate now to avoid last minute problems.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 13, 2017, 03:31:25 AM
We are live online on our slack and telegram channels to answer any last-minute questions over the next few days before the official start of Phase 1. Please join us there.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: germsite on September 13, 2017, 07:06:35 PM
Ethereum and Litecoin trading have been enabled at LakeBTC.com (http://LakeBTC.com). We are still in the testing phase and will make a full public announcement soon once we're sure everything is working perfectly.

so is this also some type of exchange? I thought it's something else when I scanned through the OP. Or is an exchange only part of the whole project?

LakeBTC.com (http://LakeBTC.com) is a crypto exchange. We've been around since 2013 and we're currently top 20 in the world for Bitcoin trading volume.


LakeBanker is a Crowd-Banking platform that has been operating in Beta within LakeBTC for 1.5 years. The Beta was very successful. Now we plan to spinoff the LakeBanker platform as an independent company and launch a Token Sale to fund it's expansion.


In the future, LakeBanker and LakeBTC will still remain closely related; but they will be separate companies. As a spinoff, LakeBanker inherits the core team of LakeBTC along with its expertise in reliability and security, its technology and its culture.


Hope this helps you understand the relationship between LakeBTC and LakeBanker. If not, please ask more questions here or join us on Slack or Telegram (links on the front page)

Interesting. I totally missed that and didn't really know LakeBTC. Will give it a try.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: Orias67 on September 14, 2017, 10:21:19 AM
If I understood we already can invest ? Or do we need to wait the 15th September ?

There are some other projects like yours already, why this one would be different/better ?

Thank you for your answer.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: CUNÉGONDE on September 14, 2017, 10:51:45 AM
would this ico be going to start on the day after tomorrow?
how long to register an available account? If I am involved now, will I be able to catch the price ogf the first time ?


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 15, 2017, 03:46:52 AM
Recent events have created great uncertainty over the future of cryptocurrencies, token sales and other financial innovations. The market has become extremely volatile. In light of this, and in line with our emphasis on risk-management, we have decided to delay Phase 1 of the LakeBanker Token Sale. Phase 1 was originally scheduled to take place between September 15, 2017, 3pm UTC and September 20, 2017, 3pm UTC. It will now take place two weeks later, between September 29th, 2017, 3pm UTC and October 4th, 2017, 3pm UTC. Nonetheless, we are still accepting contributions now in advance of the official start for those who want to avoid potential last-minute problems. Should the market fluctuate dramatically we may need to revise the price of BAC tokens in terms of ETH prior to the onset of Phase 1. Please note that it's clearly stated on our website that we reserve the right to alter the price of BAC before the sale starts in response to dramatic market fluctuations.

At this stage, we would like to reassure LakeBTC customers along with current and potential participants in the LakeBanker Token Sale on a number of issues. First, LakeBTC.com and the LakeBanker system will only be minimally impacted by the news coming out of China: We have always been an international firm. Our company has never been incorporated in China. We ceased CNY operations almost a year ago and now the Chinese market comprises a tiny fraction of our business. LakeBTC.com supports 6 languages but Chinese is not one of them and hasn't been for several years. Our team, advisory board and corporate partners are spread throughout the world. Our Token Sale has never been marketed in China and we exclude Chinese citizens from participating. Second, those who have money on account with LakeBTC or who have deposited money with us for the LakeBanker Token Sale can rest assured that their money is safe. LakeBTC is a world leader in terms of reliability, security, and emphasis on risk-management. We have never lost customers' money. LakeBTC remains a point of strength in these difficult times for cryptocurrency enthusiasts.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 15, 2017, 03:48:09 AM
would this ico be going to start on the day after tomorrow?
how long to register an available account? If I am involved now, will I be able to catch the price ogf the first time ?

You can participate now before the official sale to avoid last minute problems.


Please read our release above about the delay in the start of Phase 1. due to the current market instability.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 15, 2017, 03:50:43 AM
If I understood we already can invest ? Or do we need to wait the 15th September ?

There are some other projects like yours already, why this one would be different/better ?

Thank you for your answer.

You can invest now. Users that participate before the official start get the first-hour price of 1 ETH = 1300 BAC.

In light of the current market conditions, we have delayed the official start for two weeks. We may have to change the price of BAC in terms of ETH to keep it consistent with fiat.



Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: soliton on September 16, 2017, 07:30:25 AM
Hi, what about intention to issue LakeBanker plastic card?


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: CUNÉGONDE on September 18, 2017, 09:22:30 AM
just read a news before, your CEO said "China Is a Great Place for Financial Innovation", was china still great right now?


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 19, 2017, 01:31:46 AM
just read a news before, your CEO said "China Is a Great Place for Financial Innovation", was china still great right now?

China WAS a great place for financial innovation.

But things have changed. In the past many government officials were pro-cryptos and pro-innovation. Some foul-players took that progressive attitude for granted and abused the system (see above). Too many risks were accumulated. Now officials at the very top of the government have decided to step in and take over. The regulations are likely to be much more strict in the foreseeable future. In some ways, the situation resembles what happened after the 2008 financial crisis.

In the long term, without these foul players and fraud-like schemes, things may not necessarily be bad for the crypto community in China.

However, it's important to stress that LakeBTC/LakeBanker will be only be minimally impacted by the restrictions in China:

LakeBTC is not a Chinese corporation. It has been registered in BVI since 2014.

The vast majority of LakeBTC's business comes from over 160 countries other than China.

LakeBTC's team, advisory board and corporate partners come from all over the world.

LakeBTC ceased CNY operations almost a year ago.

LakeBTC supports six languages: Chinese is not one of them and hasn't been since 2014.

Most or all of LakeBTC hardware resources have been physically located outside of China since 2013.

LakeBTC's market data has never been listed on any Chinese bitcoin data website.

LakeBTC never sponsored or attended offline events or meetups in China.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 19, 2017, 02:31:23 AM
Hi, what about intention to issue LakeBanker plastic card?

Physical debit/credit cards and ATM machines are dated technology.

We expect to work with merchants whereby users can spend money directly from the app without the need for plastic cards/pin codes etc.

Users will also be able to request credit through the app, we can match those debts p2p with other users looking to earn interest on their savings. Our crowd-Banking model allows us to do exceptional risk management with low overheads compared with traditional banks and therefore offer credit at great rates.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 19, 2017, 02:41:37 AM
LakeBanker is featured in ICO CROWD magazine this month. Pages 82-83.

https://issuu.com/icocrowd/docs/ico_crowd_magazine__issue_one__sept (https://issuu.com/icocrowd/docs/ico_crowd_magazine__issue_one__sept)


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 19, 2017, 03:05:26 AM
Bitsonline announces the delay of Phase one of the LakeBanker Token Sale.

https://bitsonline.com/lakebanker-delays-token-sale/ (https://bitsonline.com/lakebanker-delays-token-sale/)


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: LakeBTC on September 20, 2017, 04:59:56 AM
Just 10 days left until the official start of Phase 1 of the Lakebanker Token Sale. Contributions are accepted now for people who want to avoid last minute problems. The phase 1 price is 1 ETH = 1300 BAC. This is the lowest price anyone will ever get and just 2% of the total token supply are available at this low price.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: liviux on September 20, 2017, 05:26:15 PM
what this token want is too big. i don't believe in free banking


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: abc073 on September 27, 2017, 02:30:41 PM
Hi,

I assume that for all international banking operations you will need to cooperate with the entire banking system worldwide within the SWIFT system, so how are you going to make all the traditional banks recognize your platform as legit? How about the bank to bank operations and their costs? Who will cover them and how?

Peter


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: abc073 on September 27, 2017, 02:50:23 PM
How are you going to incentivize people to join your platform and to become LakeBankers?

Can you please list all services, which will incur a fee on your platform? How exactly is this platform going to be profitable if it's free?


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: l8orre on September 27, 2017, 03:15:06 PM
I frequently have connection issues from Germany- while 'isitdown' says that LakeBTC is up and running.
Can anyone comment on this?
Been happening to others too?


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: abc073 on September 27, 2017, 04:02:36 PM
I frequently have connection issues from Germany- while 'isitdown' says that LakeBTC is up and running.
Can anyone comment on this?
Been happening to others too?


No problem with connection. It may be something with your ISP. Try some VPN


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: johnnarmst on September 27, 2017, 08:49:47 PM
Superiorly the more you know about your customers, the more you can provide to them information that is increasingly useful, relevant, and persuasive.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: germsite on September 28, 2017, 07:58:44 PM
Is this in essence a blockchain based service with some centralized aspects? In the long run, this is what blockchain is meant to solve, right?


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: Chefironside on October 03, 2017, 03:09:08 PM
is phase 2 now started? today BAC arrived   ;) then let's see how the project evolves .
we will see it in the next weeks


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: johnsmith1023 on October 13, 2017, 02:34:22 PM
This won't affect us.

LakeBanker is an international organization. We are not incorporated in China. LakeBTC's website is not available in (simplified) mandarin. The overwhelming majority of our customers are from outside China.

How do I get a Lakebanker to process my cashout on the existing platform? I've tried GBP & USD but nothing ever happens.

Is there a magic trick to what amounts or what's the issue?


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World
Post by: bitnautis on October 26, 2017, 06:49:21 AM
I was from all those who had the bad luck or the stupidity to invest in this!
According to their initial ico rules , phase 2 was supposed to start in the middle of october and run for 15 days
Moreover BAC tokens was supposed to start trading in lakebtc exchange before 1st of November

However out of nowhere they decided to postpone their phase for July 2018!!!

https://lakebanker.com/blogs/11-phase-2-update

Of course they are not mentioning anything regarding what will happen with the funds of the investors , so my guess is they will remain frozen at least until July 2018!

In their slack channel few people that are participants there , their ask for a refund but best team is giving is  that "maybe" they will allow for BAC/ETH trading for a week!

If all this doesn't sound like scam , i don't know what else does!!!

Now a few questions

1) It's obvious that lakebanker team didn't honour their own terms , why they don't at least give their investrors the choice of refund ?
2) Had the investors know from the start that their money will be stucked for almost a year would they invest in this ?
3) Who can quarantee that even postponed phase2 will not be postponed again and again ?
4) They say that "maybe" they will allow for BAC/ETH trading for a week in lakeBTC , well can you imagine a potential buyer after all this ? even if they eventually allow trading wouldn't be obvious that price will tank  ?   90% -100% losses  would be a logiacal conclusion imo
5) Even if they allowed BAC/ETH trading  , guess what? ETH withdrawal is not currently available !!!! Nice one , what do you say?
So investors funds are stucked no matter what!


My advice for potential investors BEWARE OF THESE SCAMMERS , KEEP AWAY FROM LAKEBTC
My proposal to lakebankers phase 1 ico let's exchange opinions and search what choices including legal actions we have to take back our funds


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World
Post by: maha777 on October 28, 2017, 11:53:50 PM
I was from all those who had the bad luck or the stupidity to invest in this!
According to their initial ico rules , phase 2 was supposed to start in the middle of october and run for 15 days
Moreover BAC tokens was supposed to start trading in lakebtc exchange before 1st of November

However out of nowhere they decided to postpone their phase for July 2018!!!

https://lakebanker.com/blogs/11-phase-2-update

Of course they are not mentioning anything regarding what will happen with the funds of the investors , so my guess is they will remain frozen at least until July 2018!

In their slack channel few people that are participants there , their ask for a refund but best team is giving is  that "maybe" they will allow for BAC/ETH trading for a week!

If all this doesn't sound like scam , i don't know what else does!!!

Now a few questions

1) It's obvious that lakebanker team didn't honour their own terms , why they don't at least give their investrors the choice of refund ?
2) Had the investors know from the start that their money will be stucked for almost a year would they invest in this ?
3) Who can quarantee that even postponed phase2 will not be postponed again and again ?
4) They say that "maybe" they will allow for BAC/ETH trading for a week in lakeBTC , well can you imagine a potential buyer after all this ? even if they eventually allow trading wouldn't be obvious that price will tank  ?   90% -100% losses  would be a logiacal conclusion imo
5) Even if they allowed BAC/ETH trading  , guess what? ETH withdrawal is not currently available !!!! Nice one , what do you say?
So investors funds are stucked no matter what!


My advice for potential investors BEWARE OF THESE SCAMMERS , KEEP AWAY FROM LAKEBTC
My proposal to lakebankers phase 1 ico let's exchange opinions and search what choices including legal actions we have to take back our funds

Dear , True I am with you , I invest 10 eth . now seem like lose my invest money...


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World
Post by: MsCollec on November 24, 2017, 12:29:30 AM
so how can i get my ETH back, fucking scamming company


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World
Post by: Krysthl on November 27, 2017, 05:32:55 AM
Looks like they have just taken the money and ran. There never was any identification of any of the people running the company - which I should have paid more attention to. The white paper did look promising though. That was part of the con. They are refusing refunds and now refuse all communication. Low life scumbags!


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World
Post by: margana on January 15, 2018, 10:15:51 AM
What a ridiculous scam.  Jan 2018 and you cannot withdraw their tokens or ETH.  It's the "Hotel California of Crypto".


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World
Post by: bitnautis on January 23, 2018, 09:36:44 AM
Weird thing is that LakeBTC continues to operate making 55milion usd volume every day , ranking 33 in CMC!!!
Seems that people continue using their platform eventhough they clearly scammed so many people and not answering to anyone about this!


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World
Post by: darkrise on February 22, 2018, 09:55:51 AM
So nobody has no answer from these people? Lakebankers totally disappeared with all our investments?

I remember the last update that they moved their launch date or something till mid 2018,  yet no further replies or announcements has been given.

Did anyone contact them and get a response from them? has anyone been able to retrieve his eth back or something?

Any information about these people would be highly appreciated.


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World
Post by: adore on April 17, 2018, 10:29:57 AM
Any information about these people would be highly appreciated.

since they deleted all information about them, i did find some names:
Thomas Xie - CEO
Andrew McCarthy - CSO
Jeremy Cho - Public Relations Manager


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World
Post by: acjhhducdm527 on May 18, 2018, 04:10:42 PM
This is next marketplace? ???


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World
Post by: Daydream 61 on May 18, 2018, 04:22:09 PM
Looks like they have just taken the money and ran. There never was any identification of any of the people running the company - which I should have paid more attention to. The white paper did look promising though. That was part of the con. They are refusing refunds and now refuse all communication. Low life scumbags!

again a scam ico. there are more and more. And the scammers don't get caught. why isn't there a bounty like in the wild west? or doesn't it matter to the people whether their money is gone


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World (Phase 1 ACTIVE NOW)
Post by: efreeti on May 18, 2018, 04:31:33 PM
Just 10 days left until the official start of Phase 1 of the Lakebanker Token Sale. Contributions are accepted now for people who want to avoid last minute problems. The phase 1 price is 1 ETH = 1300 BAC. This is the lowest price anyone will ever get and just 2% of the total token supply are available at this low price.

Isn't it a bad sign that those two percent are still available? Why isn't someone freaking out about this once in a lifetime opportunity and buys it all up?


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World
Post by: Bowtiesarecool on June 06, 2018, 07:49:44 PM
Tried visiting the site today. Site cannot be reached. Not too sure if she liveth or not. The lack of communication/addressing the community's concerns is quite worrisome though


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World
Post by: live57 on August 16, 2018, 02:53:17 AM
Why don't they resume their ICO?


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World
Post by: gingerbreadpolythenefh on September 07, 2018, 08:03:13 AM
I'm impressed about the project makes core banking services for free, for everyone, forever, and to provide a full suite of financial services, including access to electronic money, with much lower costs. It is the saving of money, period. I hope the project progressed well


Title: Re: [ANN][ICO] LakeBanker | Free Banking for the World
Post by: adore on February 26, 2019, 12:05:17 PM
https://imgur.com/HGUP9QW in case someone wants to find them