LXC Team posted on telegram a nice explanation on buy back feature #Attention ! #buyback For everyone who don’t know what means - BUY BACK. We are mentioned that twice time in our process. Buy back means burning tokens - that means burning #LXC tokens. Consequences are constantly increasing token growth. Beside that our traders makes you profit with their profitable trades (#index shows #profit) #Luxcessgroup have experienced traders and analysts who will take care of your profit and token growth. #luxcessgroupfamily Read the #whitepaper ⬇️⬇️⬇️⬇️⬇️⬇️⬇️ http://www.luxcess-group.com/pdf/whitepaper.pdf#whitelistregistration #presale ⬇️⬇️⬇️⬇️⬇️⬇️⬇️ http://luxcess-group.com/whitelist.htmlWe discussed already about this buyback and burning the tokens. Theoretically this is possible. But in practical sense, in most of the ICOs who promised this could not achieve the results they wanted it. The reason is still unknown. I dunno about that I could have sworn buybacks and burn offs are pretty common normally to reduce supply for the market cap some even have it built into their smarcontracts what ICOs couldn’t pull off a buyback/burnoff? Honestly just wondering I agree with you on that most of the ICOs i've seen do that smoothly, unless such ICO is a scam, then they won't fulfill their promise but the Luxcess team have stated this frequently about doing such and i don't think there is a big deal/rule/issue that will stop an ICO of doing such I strongly believe Luxcess will have some strategy in mind when they say about this token burn for boosting the price. We dont have other option than wait and see. And most importantly believe in Luxcess team and their experience in the existing business. |
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If it has not been mentioned here: 20% of the profit goes to the tokenholders. And if anyone has read the financial model, then he knows what that will be worth. So if someone likes a really good annual dividend, then he should invest as soon as possible
What's the distribution time interval for this 20% bonus?? Is it monthly or yearly?? Bonus 20% is till the end of February, after that will be a 10% bonus till the end of March. I think he is asking about the profit and not the bonus which was already answered by faulerwilli when he said "annual dividend" which is yearly if I am not mistaken  Great! So FSBT Tokens holder will get yearly dividend Also. That's really awesome. So it's kind of holding company shares. I was looking for similar thing. If company makes profit then token holder should get rewards. Thats the beauty of FSBT tokens. This will definitely boost our investment. I like this dividend idea for tokens. Its good to hold it like shares as mentioned by you to enjoy the full benefits. |
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When do you start?
I dont understand this message. What needs to be started? Airdrop or ICO? Airdrop means its not known to public yet. But ICO dates are already known. Check their website for more updated information. |
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Will there be another airdroup round?
Really hope so mostly for my own gain lol I somehow missed the other one due to not understanding the Facebook post and then forgetting about it again and then only figuring out how to join literally an hour after the airdrop closed I’m still kicking myself daily over it. Don’t think they’ve confirmed or not if they will do another but I’m hopeful Everybody is waiting for the next airdrop as most of the people missed the first two somehow due to lack of promotions. Since everybody is waiting for the next, I am really hoping that the team will announce best strategy for airdrop and get benefit out of it. Fingers crossed. I suggest the use of typeform for future airdrop as that reduces the chance for scammers to use participant information and tracking individual data is way easier using this airdrop technique compared to Google sheet Thats true. Scammers are using all sort of information of others and spoiling the whole airdrop concept. Projects should come up with novel ideas to prevent this from happening. Email confirmation could be helpful or confirmation in telegram. Luxcess will have to come up with such things. I think the best way is, to Join their slack. I do it with every project where Im in. You get all the important news from the pinned post. You can mute it and just have a short look every day. Twitter is also a possibility but there are coming so many informations/tweets. There its simply possible to miss it. Following slack channel is a nice idea. Twitter and telegram are scammers paradise now. It would be difficult to distinguish between legit and scammer. Scammers even duplicate the projects website and ask for pvt keys, etc. We need to be very careful in clicking the link. |
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"Depending on milestone reached during ICO procedure the
bank will offer different range of products at the launch date."
What range of products will be realized at the current stage of the 47B ICO and which products will follow?
I would also love to hear from the team about the present stauts of the development work. I know they are very busy with ICO. But developers might be working on the development I guess. Lets see what we hear from 47b team. |
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Will there be another airdroup round?
Really hope so mostly for my own gain lol I somehow missed the other one due to not understanding the Facebook post and then forgetting about it again and then only figuring out how to join literally an hour after the airdrop closed I’m still kicking myself daily over it. Don’t think they’ve confirmed or not if they will do another but I’m hopeful Everybody is waiting for the next airdrop as most of the people missed the first two somehow due to lack of promotions. Since everybody is waiting for the next, I am really hoping that the team will announce best strategy for airdrop and get benefit out of it. Fingers crossed. I suggest the use of typeform for future airdrop as that reduces the chance for scammers to use participant information and tracking individual data is way easier using this airdrop technique compared to Google sheet Thats true. Scammers are using all sort of information of others and spoiling the whole airdrop concept. Projects should come up with novel ideas to prevent this from happening. Email confirmation could be helpful or confirmation in telegram. Luxcess will have to come up with such things. |
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I tell you, is like the whole rating sites keep giving them a positive rating and at a point i was wondering why. i mean, is strange and rare at same time to see so many rating sites speak positive of a particular ICO, is no wonder Forty Seven Bank is doing something extraordinary. They have been obviously able to put all their plans together and their staffs to work. But one thing is certain nothing can ever be 100% efficient. Maybe the lapses are yet to be seen or too little to be significant Yea, i do agree but they seem to have done their homework pretty well to be getting such positive ratings, you know they intend offering services to ICOs and help them improve and like the saying goes, charity begins at home, so they themselves have to show what they are capable of before clients will believe them, so it makes sense if Forty Seven Bank is achieving such high ratings A good product sell itself... It's simple mathematics to see that a lot of efforts had been put in place to make 47BK project a success so its commonplace to see good result... For a project to align itself with the government regulatory authority then you shouldn't expect less I do agree with you, is just like a teacher trying to convince a student to learn, the teacher itself must be brilliant in order to inculcate that same value into the student and for the student to actually believe in that teacher , the first time i saw their whitepaper, it made me believe in 47B, they know what they are doing and what they want, i know nothing is perfect but that was perfection When project gets so much positive comments/rating, then checking from other angle is not bad idea. You can buy 1-2 positive reviews/rating but not all ratings sites. Since almost all sites have good rating they must have seen lot of good things in the project No project can fake all the sites. Since all the sites are giving positive review, this is definitely a true review. No doubt about it. That too famous sites are giving positive review which is what is needed for the project. |
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This looks promising and is definitely something I want to see more of later on. Lots of businesses are already interested so I hope that it will get somewhere.
Yes this is indeed a promising project and if you do not understand it this good look at their video explaining a lot of things https://youtu.be/pt0iC8_Iq-E it is also available on their website http://luxcess-group.com/. beautiful cars and beautiful aerial photography in the video, but information I find in none. But alright, it should be a small teaser for the ICO launch, for that it's ok I wanted to convey the same. Luxcess should not waste time in publishing such videos for nothing. People don't take it serious when they publish next vidoes because of the impression created with the earlier ones. Luxcess should be reall careful at this point in time for any publications. |
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I tell you, is like the whole rating sites keep giving them a positive rating and at a point i was wondering why. i mean, is strange and rare at same time to see so many rating sites speak positive of a particular ICO, is no wonder Forty Seven Bank is doing something extraordinary. They have been obviously able to put all their plans together and their staffs to work. But one thing is certain nothing can ever be 100% efficient. Maybe the lapses are yet to be seen or too little to be significant One thing is certain; they have a solid idea in place. It is a legit pain what they are trying to solve. For a technical person who wants to start a fintech is a huge hastle having to deal with all the banks; so it is real solution to just plugin 47. This is what I like in the project. I am not a banking expert. But I do understand clearly their views on execution plan of the project. They put in so much effort in conceiving the project for sure. |
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Hello Forty Seven Bank and BitcoinTalk, I would like to introduce to you the free listing platform Skatt where you will be able to find new investors and more followers for your ICO. You may find more information about us in our BitkoinTalk topic. Good luck!  Hmm interesting website, however its not very clear how to use it. You also do not include a lot of information about the ICO when you click on their page. It seems a bit pointless to me and I'm not sure 47 Bank would be that interested in listing their project. Lastly your page is not secure and this is also raises a few questions about your company and its validity. Thats exactly the point I don't want to comment and leave the discussions to forty seven bank team. Its useless to talk about that and this is also not something we can influence FSBT team. If it is Binance or Kucoin, definitely I would raise my words to support that. |
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When is the 30% profit share taken? For example is it weekly, monthly, quarterly or is it taken on annual basis?
I think this informtion will help me understand Luxess' cash flow situation a bit more.
Isn't the profit share 50%? At page 35 of the whitepaper, there is a diagram where the flow is shown. It mentions that 50% of the booked profits is monthly deposited on the royal platform which is where the investors can claim their funds. The other 50% goes to luxcess group, in which 30% is spent on development, 10% to the team and last 10% spent on ''buy back and burn'' This is new to me. As far as I have seen it we were always talking about 30% here in this thread. What is this 50% now? Need to check that. It might be different than what we are talking here? |
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There is zero fee if u use the Luxcess platform called the royal platform that is amazing for people who trade a lot sometimes fee can be a big problem but thanks to Luxcess that is no problem anymore.
This is the most attractive part. Zero fee, zero commission, zero xxxx are the important things that are needed for crypto. Especially when popular exchanges are charging heavily. Yea, a really good deal if you ask me, that's like having nothing to loose and more to gain, Luxcess is more interested in generating profit for both clients and themselves, the only fee we need to pay is from the 100% profit they generate for us and the good part is just 30% and the clients make 70% Literally yes. But don't forget what happens if in loss. But obviously one can wait until the investments come to profit. its not necessary to book loss right? I would not do that always. |
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Hello Forty Seven Bank and BitcoinTalk, I would like to introduce to you the free listing platform Skatt where you will be able to find new investors and more followers for your ICO. You may find more information about us in our BitkoinTalk topic. Good luck! I hope your message will be seen by the fortyseven bank team. Thats why I am quoting your message. I personally dont know your exchange. But the decision will be with the FSBT team. |
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When is the 30% profit share taken? For example is it weekly, monthly, quarterly or is it taken on annual basis?
I think this informtion will help me understand Luxess' cash flow situation a bit more.
30% profit sharing will be on monthly basis as far as I understood. I am waiting for the official numbers from Luxcess about their existing business. May be it is there in the white paper. If that is the case, then I need to look into it again. |
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just awesome this in telegram handle and had to share so those who are lucky can get in Are you a smart, friendly and loving person? Do you think you have what it takes to be the face of Lucxess? If Yes; kindly send your picture and username to @Lukalah Qualified candidates will be shortlisted on the 18th of February 2018. Contest kicks off on the 19th of February and ends on the 23rd of February. Invite your friends from other groups and different social media platforms to vote for you. 1st price 👉 1333LXC ($200) 2nd price 👉 1200LXC ($180) 3rd price 👉 1000LXC ($150) 4th price 👉 800LXC ($120) 5th price 👉 666LXC ($100) 6th price 👉 533LXC ($80) 7th price 👉 466LXC ($70) 8th price 👉 333LXC ($50) 9th price 👉 200LXC ($30) 10th price 👉 133LXC ($20) Telegram link: https://t.me/LuxcessCHATGoodluck Aha.. This is nice bounty campaign. But is this Legit? Luxcess team has posted this message or somebody else? I would love to participate in such giveaways if it is legit. You know I have missed their airdrop earlier. If it is free tokens why not? I like this kind of campaign which is coming up from Luxcess. This is also nice way of promoting the project. I am in. I will send my registration very soon. I am also waiting for the airdrop 3. |
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In the loyalty program they are giving opportunity to Token holders to exchange FSBL tokens into various products and services in Forty Seven Bank loyalty shop.
I like that idea, its a great benefit for 47 bank token holders and this should help increase the value of the token after it's released and listed on exchanges. I still can't get over the amount of different products and services they're providing to private persons, businesses and developers! 47 Bank are going to have a lot of work to do. And yet another great idea to give people incentive to hold the tokens. I like the last retweet of 47B, John McAfee shows his support and believes that 47B will unite the community I like to have the retweet link... I like to take a view and follow 47BK..unfortunately it skipped my mind to follow them when I had the link my bad OMG if John McAf(f)e retweeted about Forty Seven Bank, im out I think he is one of the biggest and most important influencers in the crypto world. He is not always right, but at least he brings attention. lol this is embarrassing; I should be following john's twitter; I was not able to see the tweet; if someone could share it here or a snapshot of the tweet. If John is talking about 47bank don't take that lightly. he knows the banking system. I really hope this is true. I also wanted to see his tweet. He is having such high-fi profile and if he is really supporting fortyseven bank, then I am very happy to be part of the community. Can someone share this tweet/message from John? John McAfee is known to have big claims, but it brings in the hype factor and this is important for ICO's, I dont necessarily see hype factors as negative This is where I found the tweet: https://twitter.com/47foundationSeems John McAfee tweeted it to @officialmcafee and forty seven foundation retweeted his tweet, but in his tweet he mentiones the project This is really nice. If 47bank is posting this, I assume it as legit. This is huge hype for fortyseven bank ICO. I did not check the ICO progress yet today. Need to do that now. Nevertheless, we also have 5-6 weeks to go for ICO closure. |
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Hello,
about the kyc, we have a more advanced KYC. We are making official statement about it on Medium and we Will launch it soon. Don't worry it Will be FREE for everyone!
Luxcess group
I'm really curious what the advanced KYC should be. Do not let me wait too long with the answer :-) The most extensive KYC so far was one in which I had to hold my passport in the camera during a video call KYC procedures are going worse and worsen. Hopefully the advanced KYC hinted by Luxcess should be better. I am also curious to know what exactly this advanced KYC means.. We Will basically have a normaln KYC (you won't have to hold you passport and take a Picture of yourself), but it Will make you a unique online KYC passport which Will alow you to register on many online pages, platforms, buisnesses, etc. Luxcess group Interesting information. Still I am trying to visualize in my mind how this could be done. I will wait for further detailed information about it. never heard about KYC for multiple platforms at once. |
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FORTY SEVEN BANK will also have there owned Smart ATMs. This is what I found at whitepaper.
"The bank will also oer traditional products and services like insurance, payments and transfers, payment history and analysis, cash withdrawals at Forty Seven Bank Smart ATMs, as well as at ATMs of our partnering banks."
Read it and it's nice plan but I don't seem to understand if they mean smart atm in the contest of an ATM that can be used universally or otherwise? Smart ATM tend to just mean not the old fashioned crappy atm's but you know a modern implementation with perhaps QR code scanning etc, i'd imagine it would have to be considering it has to deal with crypto wallets, this is probably the most exciting thing i've heard yet  I am expecting all those services would be exposed through an API and developers would just use them in their development. That would would make for a great boost for fintechs. I understand a developer would have to go through a set of authentication steps and KYC maybe but boy it would solve a heck loads of problems just plugging in to existing platforms. Guys can you share more info on smart ATM concept? Or share the link where I can read how this concept will work? I know only traditional ATMs. You are touching upon interesting question which I also wanted to ask. I think you can use crypto to get FIAT from your multi-account. But I will also wait for the clarification from the team. Everyday I am learning new things about fortyseven bank. Getting more and more interested in this project. |
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Hello,
about the kyc, we have a more advanced KYC. We are making official statement about it on Medium and we Will launch it soon. Don't worry it Will be FREE for everyone!
Luxcess group
I'm really curious what the advanced KYC should be. Do not let me wait too long with the answer :-) The most extensive KYC so far was one in which I had to hold my passport in the camera during a video call KYC procedures are going worse and worsen. Hopefully the advanced KYC hinted by Luxcess should be better. I am also curious to know what exactly this advanced KYC means.. |
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Will there be another airdroup round? I think airdrops are a good way to make more buzz for this coin which seems to fly under radar.
Yes. Team mentioned about going for the third airdrop. We might hear the announcement anytime soon now. They mentioned about it already by last week. Lets keep our eyes open for the news. Btw, I am also waiting for that announcement as I missed earlier airdrops. |
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