There is an update on telegram that by the end of this week the whitepaper grammar will be corrected entirely
In this topic there has been some critique about it earlier, the reason why luxcess postponed this is because they have been working on legal issues
Luxcess team is addressing everything. They are taking time for correcting and adjusting things. Thats one of the reason, I am still following the project. I will wait for the official updates adn next good version of WP of Luxcess. |
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There is an update on the pre-sale duration, it seems they shortened it to 3 days
The announcement was made on telegram:
PRE-SALE UPDATE
Because we said, that everyone will be able to invest we decided to make Pre-sale shorter.
Pre-sale start: 1. March 2018
Pre-sale end: 3.March 2018
There will be only 72 hour of Pre-sale.
Sale start: 3. March 2018
Sale end: 7. April 2018
More info tomorrow on Medium post.
oh cool three days for the presale i believe the luxcess team will reach their pre sale goal shorter than the 3 days set for it. i have seen massive interest in the project. Good. So Luxcess team expecting pre-sales to be over in short time. That's highly possible considering the project/Luxcess business and people's interest. That is a good sign from the Luxcess team, A good opportunity to get 12% bonus within the pre-sale. I also spotted a typo error on the website, it says "ROYAL PLAFORM" on one of the hyperlink buttons on main page. 12% bonus is not generous. Lets see how investors are taking it. Luxcess should check their documents prior to publishing to avoid so many typos. I am seeing discussion about that for long time now. Please be careful about about that team. This will not give good feeling if it continues. |
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Looks like they have changed something about there preSale.Its gonna be announsed a bit later today.It΄s from Telegram if someone ask
What is this new story? Are they postponing the pre-sale? Or reached their cap? I am looking forward for the clarity. I am also looking for more information about the 10% burn.. |
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I want to buy some FSBT with Credit Card, but the commission is to high.
The Fee is about 10%, that is not real.
Other possibilities to buy with FIAT?
Don't think it's possible to buy with fiat. I say so because the was clearly state that the accepted currency during ico is BTC and ETH. I didn't see any option for fiat though. I dont know how it is regulated in other countries, but in my country you can expect your cryptocurrency purchase (with fiat) within a few hours. So it is not such a great barrier to participate in an ICO. I can imagine that in some countries it is not so developed yet Where do you live ? In every country is a very different policy, the above complained is a big cost issue if you want to participate in ico using a credit card I live in The Netherlands, where we can indeed use a creditcard to pay but as you said there are comissions involved. Instead we use ''iDeal'' payment, its a digital step-to-step platform through which payments are processed by logging in with your digital bank account with 2FA enabled. But with both methods, the bitcoin or eth transaction id is performed within a few hours as the payment can be instantly confirmed True. Credit card payments are allowed in some countries but needs to pay some commission/fees. I dont think iDEAL can still be used for such crypto buying purposes as far as I know. If that is possible, it would be an ideal situation. May be FSBT can change that trend in the future. The payment paltform ''iDeal'' is really something that mostly we use (NL), I think in Germany Sofort is more common but in the end they are all the same. Seeing a blockchain backed payment paltform unite all the banks in the world is like seeing a dream come true, but perhaps not a dream anymore for much longer Thank you for the tip with iDeal, but I live in Belgium and there is nothing like this method. I will try to buy some Ethereum to invest in this ICO. ETH fell down sharply in the last days from its all time high. Good to get some ETH to invest in FSBT. I am doing the the same actually. If ETH falls further, it would be good to add more to invest in quality ICOs. |
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I found the answer what Luxcess is going to do with this 30% Fee. 10% will be spent on Marketing/Development. 9% will be spent on team operation.
1% will be charity. And 10% will be burn. Now this is interesting. Can someone explain what is the benefit of this 10%burn here?
Interesting; I am happy to see marketing is considered a decent portion and the fact that charity is taking an actual thought in the minds of the team. The burning of 10% would surely serve investors however I doubt that would serve the platform users. Okay so in short these 10% will be served at dividend kind of thing. But instead of paying directly to the token holders they will burn the token and that will help price to go up. I am not sure about this. To be honest, I am not sure whether we are getting this point clear. It would be nice to get some explanation from the team on this front. |
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I found the answer what Luxcess is going to do with this 30% Fee. 10% will be spent on Marketing/Development. 9% will be spent on team operation.
1% will be charity. And 10% will be burn. Now this is interesting. Can someone explain what is the benefit of this 10%burn here?
Its interesting information. 10% burn is quite interesting too. Is these tokens are used for any dividend or reward payment? Lets see what team is saying for this.. |
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I want to buy some FSBT with Credit Card, but the commission is to high.
The Fee is about 10%, that is not real.
Other possibilities to buy with FIAT?
Don't think it's possible to buy with fiat. I say so because the was clearly state that the accepted currency during ico is BTC and ETH. I didn't see any option for fiat though. I dont know how it is regulated in other countries, but in my country you can expect your cryptocurrency purchase (with fiat) within a few hours. So it is not such a great barrier to participate in an ICO. I can imagine that in some countries it is not so developed yet Where do you live ? In every country is a very different policy, the above complained is a big cost issue if you want to participate in ico using a credit card I live in The Netherlands, where we can indeed use a creditcard to pay but as you said there are comissions involved. Instead we use ''iDeal'' payment, its a digital step-to-step platform through which payments are processed by logging in with your digital bank account with 2FA enabled. But with both methods, the bitcoin or eth transaction id is performed within a few hours as the payment can be instantly confirmed True. Credit card payments are allowed in some countries but needs to pay some commission/fees. I dont think iDEAL can still be used for such crypto buying purposes as far as I know. If that is possible, it would be an ideal situation. May be FSBT can change that trend in the future. |
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Is there more information available about the Forty Seven Bank Exchange?
It is mentioned in the WP that the 47B will provide foreign exchange services including bank to bank transfers, does this mean I can send funds to 47B Exchange directly from my Bank?
That is an interesting point! With my Bank account it takes to long to transfer FIAT to an Exchange. When I can send funds from my bank to my 47B account and then to the 47B Exchange, it will be an advantage. Yes that will be real advantage. Whitepaper mentioned about Transfers and Payments. It will be easy to quickly transfer resources from one fiat currency to another, or from fiat currency to a digital currency, or vice versa. So as per my understanding bank to bank possible but depend on the agreement between other banks and 47BK. Here are Payment Processing and Invoicing related services mentioned at white-paper- Forty Seven Bank will provide wide range of payment processing solutions to our business clients. E-commerce clients will have the possibility to easily accept payments on their web-pages, platforms, applications, games, etc. with easy to use and informative merchant cabinet/panel. They will have opportunity to accept payments in traditional fiat currencies via credit or debit cards (Visa, China UnionPay, MasterCard, Diners) and direct bank transfers. Apart from that, entrepreneurs will be able to accept payments in digital currencies with support of the bank which will provide clearing procedures. At the same time, the bank will provide convenient and eective invoicing services. Having all these services provided by Forty Seven Bank, companies will have the opportunity to substantially decrease costs, increase eective- ness of working procedures related to financial management and get access to wide audience of potential customers. Now all those services would be available to developers through the api; developers would be able to do automated operations on a layer on top of the infrastructure which I think is a real advantage here and as mentioned there isn't a real direct competition as of yet. I am really into the api deal. Yes, there is no competition till now, FORTY SEVEN BANK has unique features which makes this one attractive investment. BTW my friend told that investors will also get some returns (like Dividend) based on future revenue. I am searching for details info. The Dividend is about 20%. For each , one FSBL Token is generated. You can read about Benefit Model in "Token Holder Benefit" for more information. https://drive.google.com/file/d/0BwDjfDDrGhcsLTJOYzd1ZkZ0WU0/viewYes. thats really attractive. With all these benefits, still I don't understand why people are complaining about high price for the FSBT tokens. Its more of psychological thing than the reality. |
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can I know token sale status now? I want to invest from my allowance, not much but enough to help support Luxcess Group in developing its platform.
Its very nice you want to invest in Luxcess. You message here gets me to raising another important things thats missing in the Luxcess website. Live ICO progress counter. Luxcess should have that and that will give extra confidence to the investors. Good suggestion, ICO/Token sale TAB is not available. I checked Luxcess website and I see 17 days and 9 hours to go. But this is for main ICO to start or something else? Me too was thinking the same. We need to have ICO progress counter for Luxcess. Normally I would think about investing only when the team is transparent in many aspect. One such thing is showing the live ICO progress. Hope team will implement it. |
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some of us (including me) have wondered why you open so many offices. in the whitepaper I found the answer:
To get Luxcess closer to people, we are going to open many new offices in 2018, 2019
and 2020. There, people will have the opportunity to find out more about the Luxcess
Group, where our colleagues will always be available for your questions. In addition to
this, it will be possible to buy, sell or change LXC tokens in these offices.
I wonder if you can pay in cash for kryptos in the offices
Opening offices is fine. How can people buy LXC tokens there in the offices? Is that means, all unsold tokens are going to be sold like this? How does this work? If all the tokens are sold out, how they get new tokens? |
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Add ban by facebook is a strange move on their part. They might have some reasons for that. But here it is about crypto facebook groups I think. I am not facebook is not going to ban those groups.
Airdrop round three? so I already missed two rounds. But I dont want to miss the third one. No one want to miss the free tokens like Luxcess. Hope I will be able to get some for free. Tell me about it, I actually knew about Airdrop number 2, but didn't know how to participate. I thought they would update their facebook post so I waited till I was informed the airdrop had been finished. Im check the Telegram now for updates related to the Airdrop There wasn't enough publicity for airdrop 2 a lot of people missed out.... I fear it will be same For airdrop 3 if there is any Next airdrop we will announce on every social media. Best regards. LuxcessGroup This is good. I quick suggestion in addition to announcing it in all social media, you can add a retweet requirement to the form, that way, the friends of every one who participated will also get to know about it. Another very good marketing strategy is to split the Airdrop tokens in two segments, as in, 90% to be distributed and 10% reserved for the referral system. The nature is similar as Owillz pointed out, many more people will learn about it as social media accounts with a large audience will spread the word because it is in their interest to do so. Airdrops can be done in lots of ways. In particular, lots of useful way and should be beneficial for the project. For example, voting in some excahnges could be highly beneficial for the listing. So Luxcess should work on such strategy. |
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how many tokens will be issued?
Total supply will be 35mio, on crowdsale 28mio. Figures are fantastic, it will increasingly support its existence, the more flying the number, the supply is very little I think, can be expensive someday. Yep the fact the supply is so small is one of the reasons i think the coin is surprisingly undervalued, we will very well see the price jump up as with most small cap coins especially those with actual products behind them. The current price is most certainly well below where it will eventually settle. I think you're right, the coin is undervalued due to its total supply @ 35,000,000 and any unsold coins will be burned. It's also quite appealing to see a pre-sale bonus of 12%. This is the highest % bonus you can achieve which in theory should lessen the impact and potential dumping upon exchanges which is obviously a plus for people who intend on holding! I will be holding and I look forward to May this year with the platform getting introduced Yea, the supply is at a minimum, giving room for the price to go sky high, especially when it starts hitting different exchanges, i don't think is undervalued, i just feel that more should be done on spreading the word because that's what counts How much is the supply here? 35 mil is not that low as far as I know. but definitely lower than billions nowadays. Is there any profit sharing applicable here? How this would be? In the form of tokens? Then where the supply will come from? |
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I like how 47 Bank is trying to attract banking app developers to its platform, a lot of money has shifted from traditional banks in the UK like Scottish Widows, Lloyds, Barclays and it has transferred to new banks like Monzo & Revolut.
I think this trend will continue as the apps and online banking is a lot more user friendly, quick and secure. So this is a great market for 47 Bank to try and be in the forefront of.
It is a great shift; I see it allowing for more creative fintech ideas that could facilitate smoother transactions than already is. A lot of those shifts are attributed to how the regulations are favoring and supporting more fintech companies like the PSD2 where banks should provide an accessible API and not be closed. I agree with you. This is definitely an innovative thinking. I yet to look into the profiles of all the team members of 47 bank. So that I will come to know how much experience they are having it which will give indication about how efficiently they can handle the project and achieve the targets. |
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Did anyone saw page number 14? They are offering some multi asset account like IBAN (EUR, USD, etc.), crypto wallets (BTC, ETH, etc.), investments if customers contributes between 0.1 ETH to 1 ETH.
yes, have seen this too. there are a lot of benefits for early investors. also you can get a visa credit card if you invest more, and other cool things if you invest really much money. unfortunately i do not have so much money. but i will be glad with the multi asset account And have you seen the benefits for token-holders? they are really huge, you can see them in a own document on the homepage. Not many will sell FSBT at these benefits :-) Yeah they are some pretty cool benefits for ICO partipants, which I wasn't actually aware of before reading this post, so thanks for spotting that out. Please see some of the benefits below, for those who weren't aware.
If a person contributes between 10 and 50 ETH, he gets:
Free Multi-Asset Account: IBAN (EUR, USD, etc.), crypto wallets (BTC, ETH, etc.), investments;
Free Visa Platinum credit card that will be sent via mail;
30% discount on personal and travel insurance for contributor and two family members
during the first three years;
No commission on cash withdrawal in any ATM in the world during the first year.
If a person contributes between 50 and 100 ETH, he gets:
Free Multi-Asset Account: IBAN (EUR, USD, etc.), crypto wallets (BTC, ETH, etc.), investments;
Free Visa Platinum credit card that will be sent via mail;
50% discount on personal and travel insurance for contributor and two family members
during the first five years;
No commission on cash withdrawal in any ATM in the world during the first three years;
Special conditions for trading activities.
If a person contributes between 100 and more ETH, he gets:
Free Multi-Asset Account: IBAN (EUR, USD, etc.), crypto wallets (BTC, ETH, etc.), investments;
Free Visa Platinum credit card that will be sent via mail;
50% discount on personal and travel insurance for contributor and two family members
during the first ten years;
No commission on cash withdrawal in any ATM in the world during the first five years;
Special conditions for trading activities;
Thanks for posting this here. This gives some sort of information about what exactly it is. Its amazing if we don't have to pay commission for withdrawal of currency in the ATM anywhere in the world. In the end, this is the ideal situation everyone in the world wants it. My confidence is getting higher and higher with respect to fortyseven bank now. |
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Forty Seven bank is planning to start of providing full-scale banking services by June 2019.
So 47BK will have all features of todays banking plus additional services? Or its completly different banking?
How many countries 47BK plan to operate by 2019 (I am considering this as actual bank which was world presence) or I misunderstood something?
Regarding product and additional services: Individuals are connected to Payment Services Directive 2 (PSD2) which will come into force this year in the EU. The directive obliges all the EU banks to open access to their infrastructure via API for third parties. Forty seven bank is going to take advantage of this issue and creates Multi-Asset Account - different bank accounts + all crypto wallets + all investments. This is another huge thing in FSBT. Yes. I have noticed this. But I was just wondering how this is possible. I am going to look into more details of forty seven bank white paper to see whether the team have some strategy in place already for implementing such features. |
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Add ban by facebook is a strange move on their part. They might have some reasons for that. But here it is about crypto facebook groups I think. I am not facebook is not going to ban those groups.
Airdrop round three? so I already missed two rounds. But I dont want to miss the third one. No one want to miss the free tokens like Luxcess. Hope I will be able to get some for free. Tell me about it, I actually knew about Airdrop number 2, but didn't know how to participate. I thought they would update their facebook post so I waited till I was informed the airdrop had been finished. Im check the Telegram now for updates related to the Airdrop There wasn't enough publicity for airdrop 2 a lot of people missed out.... I fear it will be same For airdrop 3 if there is any Next airdrop we will announce on every social media. Best regards. LuxcessGroup This was well recevied by the team and they are going to act on the publicity of their airdrop. This is very good thing. This shows that direct interaction with team is also possible here in bitcointalk. This is the fact I like the most with this project. Team interaction in this forum is extremely good. I am looking forward for the airdrop 3 as I have also missed other two somehow unnoticed. |
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I've already wondered what I do when I really earn a lot of money with cryptocurrencies. 47BK could help me with the decision: I just set up my own bank :-) the possibility to build my bank based on their platform is really fascinating.
And that is not the only possibility that offers itself here, but I have to read a lot of information now. how could 47BK stay under my radar for so long?
I really like the idea that I have my own Bank  Account Management, Deposit and Loans, Investments and Brokerage and Others in one app sounds good. Having your own bank is awesome xD. But really important question though what will happen when the funds are stolen ? Will the devs give the money back to the investors ? This is really important to know. I did not think about such questions. Let's see what is the answer we get from the forty seven team. However, this issue is same as like whatever conventional Bank we use. Sometimes insurance covers the loss and most of the time it's with the customers. |
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if plans for this project are properly carried out, this project should be a hit. it now all depends on the team to carry us all along
Yes, this is big test for Luxcess, even though they are in business for years. But managing business which spread cross globe is bit different. Any business or project is a challenge. But when it comes to finance, it will become huge challenge. With the 5 years of experience, Luxcess can make it success. Thats my hope. Yes but considering their already in the financial market, i think they will handle the new challenge well, i mean their just taking what their already doing and twisting it a bit and growing it out. I'm not saying it won't be a challenge but from the discussions that i've seen here and in their telegram the team seems to have their heads in the right place for a big ICO. I think finance they can get it from the ICO, but they have planned to open offices in lot of countries in very less time. That's possible but managing it is not that easy. Offices doesn't mean a big multinational corporate headquarters in every location, for all we know it will be a small frontend 2 person desk just for a place for clients to have a face to face with members of the team and be able to do business face to face. Just because they want to open offices in these countries doesn't mean its necessarily going to be a massive office that would drive up cost and complexity. I'd imagine most will be small satellite offices to have a face to bring peice of mind in country but i guess the team will confirm that. Exactly, the offices will surely be with minimal personnel. two or three people can manage an office easily, it just depends on you expect from such a office. The way I see it, those are just going to be representatives that will handle the the bureaucracy (which can be a real pain in some countries), and maybe offer local support for customers. I don't see why its going to be hard to manage that. Nowadays everything is becoming digital. Soon AI is going to be everywhere. So who cares about how many offices each and every project will be having. people from work from home always in the future. So is that means, they have so many branches across the continent? In the end, how much project like Luxcess is delivering is the important point. |
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I recently came across this project and most fascinating point is that they want to integrate both crypto and conventional banking procedures. One can say that's not attractive. But this is the first project talking about banking regulatory. This is huge thing. If regulatory is there in place and the project is complaint with all those regulatory needs, then this would become huge.
Exactly, it's sort of exciting to see a group actually taking note of the regulations and working within them. Too many of these ICO's are trying to skate the edge of whats actually legally allowed. While it appears that 47 is trying to work within the limits of whats allowed. Combine that with the fact that their coin will itself have a usage for fees, means like with other coins that have an actual usage based demand i imagine we will see the per coin worth go up over time which is a great thing for investors at this stage. When we talk about financial and banking, regulatory is the top most priority. As I already mentioned, this is only project considers that aspect. This shows howmuch they have thought about prior to setting up the project and could also be that they are showing interest on investors safety. |
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