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 bonusFull details on how to participate are available on our website |
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I don't think so. Any ICO invest provide profit until a little while ago, but doesn't these days.
Marketcap is increasing now, so i recommend to buy coins in famous and reliable exchange like Bittrex.
This is a good point. When does the token become tradable, if ever? For the LakeBanker ICO, trading for our token BAC will be enabled on the LakeBTC exchange within days of the end of the sale. We offer participants near-immediate liquidity for our Token. Check out our ANN thread if you're interested. Link to our whitepaper is on the front page. Having a proven exchange connected with an ICO is a big plus. |
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One thing to look for is the developmental stage of the project. There are too many grand visions with little substance and no proof of concept, even if the team is strong. Our ICO spins of from long-standing crypto exchange LakeBTC.com. We have 10 million user accounts in created from 162 countries. The LakeBanker system has been operating within LakeBTC in Beta for 1.5 years and already generates revenue. Now it's ready for the world. Check out our ANN thread if you're interested. Link to our whitepaper is on the front page. |
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LakeBanker is a spinoff of overturn crypto-exchange LakeBTC, which is currently headquartered in Shanghai, China. Here is our ANN thread. Some potential investors were concerned about our China location given regulatory uncertainty surrounding ICO and fears of crackdowns. So we wrote a post on medium explaining our position here. We feel that China is actually one of the most open and crypto-friendly governments in the world. The post explains this in detail: https://medium.com/@andrew.mccarthy/icos-based-in-china-a-concern-for-investors-1b4b3f244cfcIt would be great to get some feedback and discussion from the community about this post. They are just trying to protect their interest the same way ICOs try to protect themselves now many ICOs do not accept US investors because of the SEC and that makes sense, if an investor feel uncomfortable investing in an ICO based in the the location of the headquarters then they have the right to protect themselves too. Sure. Investors need to make their own choices. But they should do that on the basis of the best information, right? There's quite a bit of misleading rumor and gossip relating to investment in fintech in China that really doesn't have much backing in the evidence. That's why we wrote the post to try to help investors get a clear picture of the real situation. |
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LakeBanker ICO is currently running a pre-sale where they're offering 2% of their tokens at a really big discount. The LakeBanker system is a spinoff from long-standing crypto exchange LakeBTC. The system has been operating in Beta for 1.5 years. It already generates revenue and now it's ready for the World. With such a strong proof of concept and the backing of a major exchange, this is a very promising ICO. Check out our ANN thread for more information on our project. |
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Well there are different kinds of investors. LakeBanker is currently in Phase 1 of our Token Sale where we're offering just 2% of our tokens at a really big discount. We're seeing two kinds of investors: (1) Speculative guys that expect Phase 2 (which starts at a high price) to close early---they will get a 1300% flip if they're right. (2) Investors that see the long term potential of our business model and the way in which our token is well-integrated into that model. They're planning to hold their tokens. Check out our ANN Thread for more information about our project. |
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As the question reads. For me:
- The concept/vision - is it innovative? does it solve a real world problem? is the problem it solves something I am interested in?
- The team - Size and experience.
- How the coin relates to the concept. Is the coin a key part of the platform? Are other payment methods available to users, etc.
I think the developmental stage is very important. There are too many grand visions with little substance and no proof of concept, even if the team is strong. Our ICO spins of from long-standing crypto exchange LakeBTC.com. The LakeBanker system has been operating within LakeBTC in Beta for 1.5 years and already generates revenue. Now it's ready for the world. So we feel having a strong proof of concept should be one of the three most important things in an ICO. Check out our ANN thread if you're interested. Link to our whitepaper is on the front page. |
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Quite interesting, but I still think BTC will do better in the future. Specially if the lightning network works well when it gets implemented. When that gets done, I think BTC will probably have a chance to compete with paypal and who knows, maybe visa or mastercard. Still great new for Ripple, and I will probably buy a few, since it's price is quite low. How is Bitcoin going to compete with VISA when the current average transaction fee is around $10. Might be the same for Ripple in the future. By running all transactions on-chain, they risk having high or volatile transaction fees in the future. |
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Ripple doesn't really solve the most serious problems with the aging financial industry. They beg big banks to use their tech, but they don't really change banks. LakeBanker plans to bring finance into the zero marginal cost economy. We coordinate a massive network of individuals, merchants and other institutions that provide banking services to one another. We call this concept "Crowd-Banking". We do to banks what Uber did to taxi companies or what AirBnB did to hotels. We're a spinoff of long-standing crypto-exchange LakeBTC and the LakeBanker system has been operating in Beta for 1.5 years. Check out our ANN thread or our whitepaper if you're interested. |
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Most ICOs are just ideas and marketing with no real-world operations. LakeBanker's ICO is interesting because it spins off from veteran crypto exchange LakeBTC. LakeBTC has been running since 2013, we have 10 million user accounts from 152 countries. The LakeBanker system itself has been running in Beta for 1.5 years. Now it's ready for the world. You can check out LakeBanker's white paper here. Our ANN thread is hereOur ICO is currently in Phase 1 where a small number of tokens are offered at a very large discount. Most of the tokens will be sold in Phase 2 (mid-October) |
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LakeBanker's ICO offers just 2% of our tokens in our pre-sale. The price is very low, with a potential for 1300% profit if the main sale goes well. But since it's such a small percentage of the coins, there shouldn't be much impact on the price once our token is tradable. You can check out LakeBanker's white paper here. Our ANN thread is here |
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Most ICOs are just ideas and marketing with no real-world operations. LakeBanker's ICO is interesting because it spins off from veteran crypto exchange LakeBTC. LakeBTC has been running since 2013, we have 10 million user accounts from 152 countries. The LakeBanker system itself has been running in Beta for 1.5 years. Now it's ready for the world. You can check out LakeBanker's white paper here. Our ANN thread is hereOur ICO is currently in Phase 1 where a small number of tokens are offered at a large discount. Most of the tokens will be sold in Phase 2 (mid-October) |
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Most hyped ICOs are just ideas and marketing with no real-world operations. LakeBanker's ICO is interesting because it spins off from veteran crypto exchange LakeBTC. LakeBTC has been running since 2013, we have 10 million user accounts from 152 countries. The LakeBanker system itself has been running in Beta as a business segment within LakeBTC for 1.5 years. Now it's ready for the world. You can check out LakeBanker's white paper here. Our ICO is currently in Phase 1 where a small number of tokens are offered at a large discount. Most of the tokens will be sold in Phase 2 (mid-October). |
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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. Our successful Beta demonstrates proof of concept. Now the LakeBanker system is ready for the world |
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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: |
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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 |
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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.
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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? |
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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 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. |
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