I have just lunch break and read through the financial model. I have already seen some ICOs, but I have not seen such detailed documents. i love it! If 47BK reaches the 10mio hardcap and they can implement their plans, then it looks really good in the next few years. If anyone else wants to see many numbers: https://drive.google.com/file/d/0BzvESRkgX-uDenBWSl9VekkyQ1E/viewThats true. Fortyseven bank has touched upon and covered every minute details related t the project. In my opinion, the team has done their homework really well before the initiation of this project. Thats one of the main reason for me to stick to this project. |
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Fortyseven bank is going to follow all banking regulatory is known to us. Do we also know whether they really want to go for banking licence in the future? or do they already have one? May be crypto inclusion in banking is huge hurdle. Any thoughts about that? I am looking forward to hear about that from fortyseven team.
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That is a win for both parties. The experience and traction luxcess group has would enable more partnerships. By the way any bank partnerships that would allow crypto to be used along the current implementation?
I think all the partnership announcements will come just before the ICO to boost the investor sentiments. Luxcess should have some strategy on that part. And this is also very common practice with all the ICOs in the recent times to release news/updates/partnerships one after other during their ICO process. |
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Our vision is to accept fiat currencies yes, but we dont know with who will we partner for that type of service in the future.
This is another good news. I am sure, you will find partner easily for FIAT currencies. There are lot of them in this world. Only thing is Luxcess team should make sure to be partnering with reputed companies and do not scam people. |
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47 ICO aims to raise a max of 36000 ETH to finance the development of the platform, and is currently in the second round, which includes a 20% bonus for early investors.
That's a really good bonus for early investors, it provides a good discount on FSBT tokens which will help short term and long term investors, I would definitely invest now and make the most of the bonus! Bonus of fortyseven bank is not generous. But this is also not bad. Higher percentage of bonus leads to high dumping rate. So I definitely like this 20% bonus. Over the coming days, this will get reduced right? Thats something I have missed it. |
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Initially I thought Luxcess will be charging 30% Fee even though there is loss on investment but its not true. Here is what Luxcess blog says
"The Luxcess Group is a good choice for you. Commissions are usually a big problem for users, but in our case, the users and investors will pay, thanks to the Royal Platform (RP), only one commission Profit Share.
If you are doubtful about the Profit Share, let us explain how it works. We, the Luxcess Group, offer investment opportunities without entry or exit charges. We want our users to be satisfied, so we decided that only profitable investments require a fee"
So no entry exit charges but only Fee on profit.
Yes, the 30% profit share Will only be deducded when we Will make profit, on losses you as a participant have no charges. And as said there also aren't any enty or exit fees. Luxcess group Thats very good explanation. I think this clear out lots of doubts around this subject. This also make sense as nobody is willing to pay fees for losses. Profit sharing is kind of acceptable as long as people are not greedy. I was also not happy when I first heard that 30% fee on loss as well if you decided to exit. But 30% on profit only will give lot of confidence to investors because this tells that Luxcess is confident about there business model and they are sure that they will earn profit. The confiddence of the Luxcess is hgihly visible as mentioned by you. We have to appreciate that. For me, it is not over-confidence for sure. Thats why I am supporting Luxcess project for longtime now. |
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This is a very generous move, this is something I look up to. Processing donations more efficiently also sounds like something with Luxcess's expertise Wow nice decision. So cherr.io another project. Does this mean that there is a partnership agreement between lexcuss project and cherr project? I dont think there is a partnership, even though the cause sounds something Luxcess is qualified for, Cherr.io probably already is Hello. we have partnered with them, and we Will not just donate these 15 ETH's but we Will donate on regular basis. Luxcess group Is official then, thanks for the update on this, communication has been established as usual , keep up the good work team luxcess, 15ETH is not a joke and you've given the community a reason to stand with this project, the future seems bright I can't remember when was the last time an ICO donated some of the money they made. It is great that this is an actual consideration for luxcess group. Good would come from that for sure. To be honest, I never even heard about it. Luxcess is unique on that front. Fyi, they have not even started with sales of their token. So this charity money is getting directly out of the pocket of developer I think. |
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47 ICO aims to raise a max of 36000 ETH to finance the development of the platform, and is currently in the second round, which includes a 20% bonus for early investors.
Things are looking on the UP for fortysevenbank, I'm happy with the targets for the exchanges after the ICO, please see the potential below  This is really good compilation. Exchanges under consideration for listing is amazing. The team looks highly professional and they know what exactly they are doing. That is most important point. They are determined to make the project successful. |
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correct review and article for fortyseven bank... "Forty Seven is targeting three main personas: Individuals, Businesses and Developers" "Forty Seven will offer individual access to a range of services on their platform including converged account management (with accounts at multiple banks), deposits and withdrawals in both fiat and crypto currencies, insurance, investments and more" This is a project with a clear cut direction. This is short summary that is needed to get promoted in all social media. Forty Seven bank is leaving no stones unmoved in all aspects. With this new ICO review, it will get the hype that is needed to be successful. |
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Thanks for the link. This is what I was expecting. I am not following them in medium. Thats why i missed it. It would be nice if the team updates all blog posts specifically written by the team in this thread, it would be great. Yeah I think there could be more work done on the social media front, as we all know that cryptocurrencies are mainly speculation, so if the content isn't there online. It wont reach out to as many users resulting in less sales. I would be greatful to see more content on twitter also. This is exactly my point too. Social media promotion is highly needed for any ICO. That is the first step to success. I am sure Luxcess team is on the way to achieve its full efficiency. |
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Thats very good and brief article. Thanks for sharing it. This gives the overall changes that happened in the last days about the Luxcess project. I like how Luxcess is becoming very intereactive and also slowly transforming into transparent. |
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To anyone who wants to add the FSBT tokens to their wallet using myetherwallet, these are the information you need:
Token symbol: FSBT
Decimals: 18
Token contract: 0x1ed7ae1f0e2fa4276dd7ddc786334a3df81d50c0
after you accessed yoru wallet, click on add button to the right/middle section of the page
Thanks mate i was thinking the decimals was 16. Going to purchase 47bank token today, do i get my token immediately after purchase? Tokens will be normally sent out immediately after the verifications. It will not take time and also people don't have to wait until ICO is completed. This is what I understood from my friends circle who have invested in FSBT. Thanks for the info nxnqauff, i think its a good thing they send tokens immediately after purchase rather than waiting until ICO is complete i will purchase mine later in the day. I am also planning to go ahead with my contribution in a day or 2. I took bit of time to study about the project and understand the complete potential. Now I am convinced to the level that I am ready to invest in the project to acquire my FSBT tokens. |
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Martin from telegram explained the buy back concept, buy back means burning tokens, which means burning LXC tokens. consequences are constantly increasing token growth, because their traders make profit by performing trades (which that office is for)
Also, someone who registered in the whitelist before you gets priority in the purchase of tokens, but I think there is plenty time as of now
So, Luxcess team will be burning the token they got from profit share and this will reduce the number of token available in market which will help LXC price to go up. Theoretically yes, whatever they say is true. But in practical situation its not easy to straight away increase the price of the tokens by buying back and burning it. I have a very good example project for which this exact concept went wrong which I am not disclosing here. Yes in theory burning should increase the price, especially on longer terms as we won't burn 'huge' amounts of our tokens each month, but we Will see how this goes in reality. We have big hopes on our strategy of burning and making profits. Luxcess group Thanks for your reply. I am also hoping for that. I have invested in another ICO where they are following the same strategy. But price is not increasing at all . It isgoing down every other day and making new lows. So you have to be careful in discussing this. |
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Martin from telegram explained the buy back concept, buy back means burning tokens, which means burning LXC tokens. consequences are constantly increasing token growth, because their traders make profit by performing trades (which that office is for)
Also, someone who registered in the whitelist before you gets priority in the purchase of tokens, but I think there is plenty time as of now
So, Luxcess team will be burning the token they got from profit share and this will reduce the number of token available in market which will help LXC price to go up. Theoretically yes, whatever they say is true. But in practical situation its not easy to straight away increase the price of the tokens by buying back and burning it. I have a very good example project for which this exact concept went wrong which I am not disclosing here. |
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To anyone who wants to add the FSBT tokens to their wallet using myetherwallet, these are the information you need:
Token symbol: FSBT
Decimals: 18
Token contract: 0x1ed7ae1f0e2fa4276dd7ddc786334a3df81d50c0
after you accessed yoru wallet, click on add button to the right/middle section of the page
Thanks mate i was thinking the decimals was 16. Going to purchase 47bank token today, do i get my token immediately after purchase? Tokens will be normally sent out immediately after the verifications. It will not take time and also people don't have to wait until ICO is completed. This is what I understood from my friends circle who have invested in FSBT. |
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is the project based in a country with a stable economy?
FortySeven United is a limited liability company that is incorporated in London, United Kingdom. UK have a stable economy. Is this true? I believe this information as it is coming from fortyseven bank team. I thought its in Estonia. Honestly if it is in Estonia, I would not be worried about it. After this Brexit issue, economy of UK is questionable. however I strongly think FSBT wont get affected due to the changes in UK situation. Do you have some other solution for FSBT in case of worst case scenario in Brexit? |
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According to the whitepaper, section 12 Roadmap, a new trading floor will be opened on the 7th of august, what is meant with this? a crypto currency exchange or an office?
I think it should be office mostly as they planned to open lot of offices around the world. But lets wait for official comment from Dev team I believe it will be an office, as the team get bigger and bigger so will the support team and dev team. This is there plan for growth which just goes to show the potential they have in their plans. The trading floor stated for 7th of august Will be basically office for our team of traders. Luxcess group Thanks for the clarification. I also thought in different way like others. I think this is also point to be changed in your next version of white paper. Because thats already done. I am sure you have already marked it in the list of changes or correction. |
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Dear contributors and followers! Our project has been reviewed by one of the most popular resources www.icorating.com and it has been ranked with the highest "Positive" rating. Very nice and promising to get such a high rank from professionals in the industry! Thank you!  Wow, this is wonderful news and came out in the right time. Fortyseven is adding one more gem in its crown with this positive rating. This will definitely have some effect in its investment collection in the coming days. |
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i have to say, they have done it very well with changing the date for the pre-ico. As it only last 72 hours i now have the feeling, that i have to buy tokens on the first day, if i don't want to miss the ICO
A very good psychological trick, they really got me:-)
Welcome to marketing  That psychological trick with shifting dates works literally EVERY time regardless of what we're dealing with, it's got me in the door many times in the past But i get why they did it and the reasons are pretty solid, i imagine it won't last the full 72hours tho :S Who knows Indeed its all part of marketing game. Nobody knows how it works and but with lots of theory around and mostly gut feeling and psychological things in it. Lets see how Luxcess will turn out. fingers crossed. |
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Funnily enough there is 47 days left of the 47 Bank ICO token sale today! Maybe this is a sign to invest for good luck!
There have been over 1500 participants in the ICO so far and there is a 20% bonus available!
That's quite ironic lol, I like your analogy - maybe I should invest some more into the 47Bank considering there are 47 days left  Here is a good ICO review on 47Bank https://www.tokendesk.io/ico/forty-seven-bank/ which explains what the team trying to achieve Thanks for the link to the ICO review. Since Forty Seven Bank is in the top 10, it encourages me to participate in the ICO even more. I have seen lots of review sites and read reviews of the latest ICOs. FSBT is a top pick in most of the sites. It is sure an investment ICO for me. Still some 47 days left is true. But this ICO might get fully subscribed before then.. who knows. |
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