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I'm looking forward to the Luxcess Royal platform demo being released, it will be great to see what the platform will look like.
The roadmpa says the demo will be released on 01/06, can someone in the Luxcess team confirm whether they're still on course for this release date?
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Guys, let's forget about tokens, bounties etc. But think about project business sustainability, team, and even quality of whitepaper.
1) The paper starts with the quotation "Sometimes the biggest risk is not taking any" and Luxcess founder signed it. This is a well-known quotation of Mark Zukerberg (except one word "sometimes"). It's very unethical to put your signature on the other people words.
2) English is used to be the international language in the world of finance. There is a lot of evidence of very poor English in the paper and website. Very strange for a serious project to stretch a dollar for an editor. It's not much expensive believe me:)
3) I couldn't find Luxcess website related to its ongoing operations. Not ICO related site. How can they prove their performance and even existence of the team from 2014? Just saying " In the first half of the year 2014, we started connecting people with the same thinking and interests". It looks like they didn't exist before 2017. Thus the historical performance is a questionable point. Hope Luxcess have an answer.
4) The is no info related to the market for the services, 'competition, at least basic financial projections etc.
5) Let's discuss the figure on page 35, where Luxcess describes the flow of Investors funds. You invest 15 000, 60% goes to the project, the rest 6000 becomes your portfolio. They earn some money for your portfolio and at the end of the month, they take 50% of your profit. This is a fee! And by the way extremely high for forex and even cryptocurrency asset management. Why should I invest with you? Only to get advantages of your platform and trade your coin on it? Otherwise, I can take the whole 15 000 and give them to another forex or crypto broken for a much lower fee. Luxcess doesn't offer any unique trading strategy or returns to pay such a high "entrance fee" to them.
6) Luxcess offers to trade its coins on the platform. In case of withdrawal, they take 30% of your profit. No matter how Luxcess calls it. Guys, in the real financial world, it's called performance fee (also relatively high)
Questions to the team:
1) You are welcome to comment on the above-stated points.
2) How much are you going to charge your non-ICO clients?
3) Page 37 of the paper - could you please, clarify the table? What do these yields mean? For which period - 2017 or 2016+2017? Is it average or something else? Not clear....
4) Who are the main competitors for your business? Please, list 2-3 names.
This is a good review, I like how you have looked into the project, I've always said that the Luxcess performance fee is very high, I also find it very strange that they only charge this fee on withdrawal. |
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savedroid is listed on CryptoStillsComing in at a Bronze podium position • Full project presentation • Full media linking • Continuous Twitter news updates • Moderated discussions Nice that you have listed the Savedroid ICO, but why only Bronze Position? And what are the criteria for the ranking? They are at least not that small on the site so they will attract followers. Is this some kinda advertising ? To show your ICO ? Yep more a post of advertising rather than for savedroid haha, nevertheless the more listings on ico reviewers the more publicity I guess... Only another 2.7 billion tokens to be sold then I believe. Also glad, they have now announced it is possible for US citizens to invest in savedroid too from yesterday which opens up the doors even more Yes they always do this, too many of these crypto ICO listing companies around at the moment. This doesn't help the Savedroid project no one probably uses the cryptostills website. The website looks awful as well. |
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Invest in the FORTY SEVEN BANK project is promising. If large investors come this is good. Small private investors are even better. They will complement each other and the token will be more stable.
Yes exactly 47 Bank should aim for both types of investor & customer. Private investors and corporate investors will help raise the funds needed to reach the hardcap. |
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I’ll take 1 solid investment over 100 pump and dump crap coins any day
I generally understand what you mean. I also like solid investments, but I also invested some of my portfolio in "pump and dump crap coins". They are also a lot of fun :-) BAR is one of my long-term investments, but always to wait is a bit boring, so i bought a few game tokens At the end of the day if some of these 'pump and dump' coins never end up delivering anything then they will be sold off and they will fail. I look for real life-usability and I think the Titanium project offers this! |
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Will the current token bonus last untill the ICO is over ? Or will it be lowered after some days. It is actually a really high bonus i hope that it will last untill the ICO is over so that you can get extra tokens  . I think if you look at an article they posted this initial bonus period will only last for a specific amount of time. Therefore those that wish to take advantage of the massive discount that is on offer should do so sooner rather than later. Yeah the bonus will last for a specific time frame, i think leaving the bonus to last till the end of the ICO defeat the purpose of the bonus which is to attract investors to buy early. The bonus will make us lot so much money, I can't wait for 47 bank token to be released we are all getting minted. All of their stuff is FCA regulated which makes everything 10x better. |
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since there are big problems with frozen tokens in another project at the moment, I wonder if SVD tokens can be sent between wallets right from the beginning, or do we have to defrost them first?
The tokens will be locked until the end of Main Sale Good, tired of hearing terms and outrageous conditions before one can get their tokens, like the word "defrosting", i don't think all this process are user friendly to the community, ICOs should do due diligence about there projects and not make individuals go through such, good a thing savedroid is not doing it I got really tired when a project token i had used this term and its a lot tiring up till now i haven't "defrosted" glad savedroid aint looking at that direction Yeah defrosting is a lot of hassle and I dont think investors should have to edit the smart contracts on their tokens after they have received them. It seems a bit ridiculous and I'm glad Savedroid isnt doing this, |
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Majority of small investors shows impatient behavior as they know simple math of one multiply by two or three as profit from any project. This is not happening here in this which disturbing them. This token should be worth of $50 easily when they will start providing their storage services.
You're right but you should never invest in the belief you can make a super quick and easy profit. This can lead to a disappointing result. Most projects need time for the development, so the real profit is waiting for the ones who are holding their tokens. Yeah its great to support the project, however saying its going to get to $50 without providing any real explanation doesn't really help the project. We need to talk about the benefits/advantages of Titanium and discuss how their services could potentially lead to an increase in value. |
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Will the current token bonus last untill the ICO is over ? Or will it be lowered after some days. It is actually a really high bonus i hope that it will last untill the ICO is over so that you can get extra tokens . I think if you look at an article they posted this initial bonus period will only last for a specific amount of time. Therefore those that wish to take advantage of the massive discount that is on offer should do so sooner rather than later. |
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I think Savedroid will reach its hardcap, just like most of the other ICOs manage to reach their hardcap which already have a working product in place there is even a topic on this forum with a list of icos that have a working product  but i wont link it here Yep seems to be safe to assume that tokens/coins with existing working products are the ones that hit the hard cap and keep growing, which makes sense they have something to show before the ICO finishes so its not just 100% speculation that people are buying but their buying into something that already exist at least at some level. Indeed the ICO will hit the hardcap soon. Over 20000 Backers and nearly 33M € earned in the Main sale. I also think they can reach the hardcap but we have still a long way to go. The rising ETH price is definitely helping the project. This way the investors get more SVDs for their ETH. I think they can, after the initial flurry of investors there is always a bit of a slump mid way, when it gets nearer to the end of the ICO sale we will see more investors start backing Savedroid. |
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I just checked this out, wish i could attend but i have got too much on plate, will there be a live stream for this summit? If yes i'll really appreciate a guide thanks. Yes plus its really far away in Moscow, Russia! However this will be good for Luxcess, there will be a lot of potential investors there and they can secure some big deals. |
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one more very interesting part I found for token holders :
Only Token holders will be able to put their applications in Forty Seven App Store and get full access to our White Label API. Dev meetups and hackatons.
Yet another way to increase value of token. Does this also mean that developers as they develop on 47 they inherently need the tokens; meaning the developers clients would require tokens to use the app on top of 47? I think so, the tokens are part of Forty Seven Bank, so for them to really be of value, it makes sense for the developers and clients to have the token, the above statement of only holders will have access to the application is a welcome development, the rise in value of which such rule can generate is massive, at least it will give holders a sense of belonging and dumpers will need to acquire the tokens again if they intend to use the services of Forty Seven Bank it looks like they're a lot of different benefits to being a forty seven bank token holder and I don't mean just in a monetary sense. Getting access to exclusive API and services are also a massive benefit! |
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This news sweet me a lot, I wish China can also be allowed to participate. Savedriod all the way This is really a welcome development with this news i except purchasing of savedroid token to increase. I wish Chain will be allowed too, well we can only be optimistic that they might be allowed before main sale ends. You can't please every body and you can't do it all. They've gotten US into play let's applaud them for that and see how it can help the project. China don't really seem feasible presently by my opinion Yes it must have taken a lot of legal work to get US Investor authorisation, well done to the Savedroid team, another great achievement during this ICO! |
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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. Yes it does seem like Slack is a lot less susceptible to hacking/scammers, the group sizes are usually smaller too so its easier for projects like Luxcess to manage. |
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What most people want to see is a direct explosion in token price the moment it is listed, for TBIS it is vital for all the services to be developed and implemented, before the real value of the token is attained
Exactly, people expect too much too soon, especially after the massive bull market we had Dec - Jan. It's like people think these projects are guaranteed to make millions, every investment carries a certain level of risk. |
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