It's all the consequences of the hype in 2017 - people still invest money in ICO, because they heard many guys made a huge profit from it last year. But those were the first ones. And it's very obvious that everything is only going to get worse.
Still on the subject of ICO fundraising in 2018 - in the first six months of 2018 year ICO funding has passed 2017's total. It seems that the hype hasn’t stopped, despite the predictions  On the other hand, you’re right – the falling crypto market is not the best time for fundraising. ICO entrance threshold has increased. Today, weak ICO projects, which only include the word "blockchain" in their WP, will not collect the amount claimed. Investors have become more attentive and cautious. And this is very good – high-quality projects will survive, and weak ones will disappear. That is how it should be. |
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The idea behind the project is interesting and I carefully read the documentation but it seems to me that the team does not have enough experience to implement this idea. Although maybe I'm mistaken, need to follow the news.
Thanks for your interest! Our team already has experience of creating such a service: the Bitsane trading platform, which has been successfully running and growing since 2016. Besides, our team has experienced traders, technical specialists, and professionals from the banking sector. |
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Simple - what do you mean?
In the sense that the main advantage of the functionality is the ease of use. Its task is to simplify access to investment and investment tools for crypto investors and crypto traders. Crypto investors can select the most successful trader and copy his schemes or entrust him the funds for management. Azbit platform provides profit distribution, security of fund transfers and verification of traders. Simply and safely - this is the essence of Azbit platform. Amazing! That's exactly what crypto market needs! Many people are too scared to get into cryptocurrency market because they just don't know how it works or don't have enough time to figure it out. Making it simpler is great because it can bring a lot of new money into the market (and a lot of clients to Azbit  ). People should be educated about crypto in a way that they don't have to entrust anyone with their funds. Their is the risk that that person just steals the money. Yes, people should be educated about crypto, but most of them do not know enough about Bitcoin or other cryptocurrencies to actually invest in it. So it is better for a novice trader to learn crypto trading in a short time from the experienced investor using Azbit investment tools without any risk of stilling money. |
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IMHO, Azbit is developing the service for crypto-dummies, who need a simple service for working with the crypto. You know, like why study crypto market, if you can copy the strategies of other traders or transfer them your assets in management. Advanced crypto users don’t need this.
We develop the service for everyone! If you’re an advanced crypto user, you can at least trade on our exchange and use payment services without excessive commissions. And as a maximum - you can become a trader yourself, which increases your profit by raising funds through SAMM and RAMM accounts. Moreover, we’re creating the platform for purchasing and selling trading bots - these bots are very popular in the Forex market. |
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Is Azbit an iPhone? And what is the dial phone then?
Bitcoin-network in 2009, of course) |
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I’ve been doing this for a long time - I'm used to it.
You’re a hard guy But not everyone likes that. If you can work with crypto more conveniently, easier and safer - then you’ll do it. The dial phone rings perfectly, but for some reason, people prefer to have an iPhone. |
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This is a poll about the adoption of cryptocurrency, what's Azbit got to do with it?
What’s got to do? People say - we want the dealing with cryptocurrencies to be simple and safe for us. Our team has long realized it from experience since the launching of Bitsane. It’s inconvenient for users to buy crypto with fiat at an exchange platform, then transfer crypto from an exchange platform into a wallet, then transfer to certain exchange, so that to buy bitcoins quickly and profitably, then to another exchange to quickly and profitably buy the necessary tokens, and so on again and again. Another difficult question is the crypto-to-fiat exchange. |
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Just a few days ago we discussed the topic about our bet on ease of use and security of investments and trades. Here's the current poll from the authoritative resource Hacker Noon – exactly on the topic)  |
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вы где находитесь физически?
хотелось бы прийти взять интервью?
пообщаться с командой?
Наша компания зарегистрирована в Эстонии. Но стоит отметить, что мы — интернациональная команда, в которой есть представители США, Великобритании, Швейцарии, России, Эстонии и Кипра. Сообщите, пожалуйста, ваши контактные данные и представителем какой организации вы являетесь, отправив письмо marketing@azbit.com. Мы рассматриваем все варианты возможного сотрудничества. |
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What about translations? Are they on the list?
Just a little bit of patience, we will introduce the full list of bounty activities very soon. |
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How much money will you provide for bounty campaing?
For bounty campaign we will allocate 2,5 % of total AZS amount. Ok, but will bounty campaing present an opportunity to participate in bug seeking bounty? No, Azbit bounty pool doesn't include a reward for bug seeking. Do you already have a full list of bounty activities? Not yet. But complete Azbit bounty pool is on the final stage of development. |
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I saw the branch on the bitcointalk about Bankera project that is similar to Azbit - the last messages from users, to put it mildly, dissatisfied - the rate of the token falls, payments to the tokens holders are tiny. What's the difference between Azbit and Bankera?
We do not know the internal situation of the Bankera project, so we can make assumptions only by external unfavorable factors. The development of the Bankera project and its ICO was launched in 2017, when the regulators did not take strict measures against ICO and banks that serviced cryptocurrency projects and cards. And then, at the end of 2017 – beginning 2018 conditions have sharply deteriorated - banks refuse to work with crypto projects, cryptocurrency cards are eliminated. We hope that Bankera will overcome all difficulties – crypto market will only benefit from this. As for Azbit, our advantage is that we start in relatively unfavorable conditions (if to compare with 2017), therefore we do not set unrealistic objectives. And, as we’ve repeatedly noted - Bankera is a project of cryptocurrency banking, and Azbit is a cryptocurrency ecosystem. |
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So this is an additional functionality that will be implemented certainly not at the first stage. And the scheme is quite understandable. ICO-incubator is like a music producer: it selects the best ICOs, promote them, and if it's a big hit - the producer gains a part of the profit.
That's right! And new tokens on the exchange will serve to increase trade turnover, liquidity, platform's income and dividends for investors. In general, everyone will benefit from ICO-incubator. |
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Simple - what do you mean?
In the sense that the main advantage of the functionality is the ease of use. Its task is to simplify access to investment and investment tools for crypto investors and crypto traders. Crypto investors can select the most successful trader and copy his schemes or entrust him the funds for management. Azbit platform provides profit distribution, security of fund transfers and verification of traders. Simply and safely - this is the essence of Azbit platform. |
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Azbit, don’t you plan to launch your investment functionality in the test mode – so that everyone understand how to work with SAMM, RAMM.
It’s a good idea! It’s a challenge for our developers. Although, in fact, from the users point of view the functionality will be simple organized. On our YouTube channel you can watch short videos about it - https://www.youtube.com/channel/UCotNyvts6S3nvtQlQSIZhWw |
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Hello everyone. Given the fact that Azbit postpones its ICO – in your opinion what are the prospects for the development of cryptocurrency ecosystems if crypto market continues to fall or hang, let’s assume on $ 400 for bitcoin, as it was several years ago.
When our team launched the Bitsane crypto exchange in 2016, bitcoin was just slightly above $ 400. This did not prevent the platform from functioning and development - it is still operating successfully today. Azbit has decided to postpone the ICO taking into account the advice of experienced crypto advisors. The current situation on the cryptocurrency market is one of the reasons to postpone ICO, but not the only one. We plan to develop the project even if bitcoin disappears) |
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But not all crypto exchanges support ERC-20.
Yes, but most of the cryptocurrency exchanges support it. |
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And on which exchanges will AZS be traded and when does the trade start?
AZ token will be available after the ICO completion. It will be possible to trade on our Azbit Global platform, as well as on other decentralized and centralized platforms. The AZS token will be charged to investors on their personal ethereum-wallets (ERC-20 standard-compliant) during Pre-ICO and ICO. Immediately after the ICO completion, the token holders will be able to manage their AZS without limitation. AZS token will be available for purchase / sale on our Azbit Pro exchange. At the moment we’re also negotiating with several ATS (alternative trading system) about listing our AZS security tokens. |
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And why will unsold AZS tokens be distributed among investors and not destroyed? In fact, you’re planning to destroy AZ tokens.
Because AZS is a security token, and AZ is an utility token. For legal reasons, we can’t destroy the issued AZS – in this case their number will not correspond to the issue prospectus. |
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How can the amount of issued tokens affect the success of the project?
This creates opportunities for a pamp / dump scheme, IMHO. Google "bankera dump" - the topic is under discussion. Well, first, the total number of tokens we’ll issue is almost 2.5 times less than that of Bankera, and only half of them is for sale. Most of the unsold half (the share of the founders, advisers, team) will be frozen for a certain period and paid in stages – just to avoid a pamp / dump scheme. And the total number of tokens was calculated based on the amount of our hard cap and token price. |
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