Please check your announcement explanation line it says 'announcement threat', I believe it should be announcement thread
Thanks for your help!  |
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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. |
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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. |
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And how long will last your bounty campaign? For how many weeks it will be possible to participate?
The bounty campaign will last till 31.12.2018. |
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Bounty campaign is postponed too? until september?
The launch date for the bounty campaign is under review, but we plan to start it earlier than September. |
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Did the current crypto market downturn scare you? After all, crypto market is always volatile, you should have foreseen this.
The current situation on the cryptocurrency market is one of the reasons to postpone ICO, but not the only one. We want to carefully study the issues of rewards for angel investors, as well as the bounty campaign and pre-ICO bonuses. |
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Why did you postpone the ICO?
We’ve made such a decision after extensive consultations with our advisors – we want to be confident in a successful ICO in order to develop the project in adequate terms and ensure dividend payments to investors. |
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Hi, Azbit, I wanted to buy your tokens, but you’ve already postponed ICO. Will it be possible to pass KYC only in October?
No, you can do it now. We launched the verification procedure a few months ago, so it’s well under way – visit azbit.com. If something is not clear – please, contact our support team that works 24/7. |
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Correct me if I wrong, but I saw an information that you pay your divideds in ETH. I see right now that the level of Etherium is 479,23 USD but a few month ago the lvl of ETH was 700 USD, are you sure that it will be better for you to connect your token AZ with this crypto currency and not with the FIAT money for example?
I guess that this is a question of price. Using fiat is not profitable. Or may be there are some other reasons why they use crypto... But I have another question. If you use ethirium, there should be problems with my exchange wallet if I want to invest in your tokens, am I right? Or should I have some kind of software wallets that are connected with ethirium? For ICO participation you should send your payments only from personal software or hardware wallets. It is not allowed to use any exchange services. |
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No, you can't mine our tokens, because AZS token is based on Ethereum (ERC-20). Azbit cryptocurrency ecosystem includes the mining pool, and its participants will be rewarded in proportion to their contribution to the work of the computing network (on a PPS basis), less the pool fee.
Mm is quite controversial. Okay. What will we mine? Everything you want)) |
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Why don't you do any marketing? I didn't see you in any ad!
I saw Azam Khodzhaev makes an advertisement for them. He is also their communications chief as I got it from the website. Hmm, making marketing with Azam is pretty good idea. I also believe he wouldn't sponsor scam. He is a cofounder? If yes I surely will entrust you my money  Just say hi to azam from me, say I adore his ideas Thank you! Yes, you are right! Azam Khodzhaev is our chief communication officer and also co-founder. He's a great communicator and was one of the first people in Eastern Europe to start mining cryptocurrencies. What's about mining in Azbit?Can I mine your token? or Azbit gonna mine Bitcoin and include profit to dividends  No, you can't mine our tokens, because AZS token is based on Ethereum (ERC-20). Azbit cryptocurrency ecosystem includes the mining pool, and its participants will be rewarded in proportion to their contribution to the work of the computing network (on a PPS basis), less the pool fee. |
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Why don't you do any marketing? I didn't see you in any ad!
I saw Azam Khodzhaev makes an advertisement for them. He is also their communications chief as I got it from the website. Hmm, making marketing with Azam is pretty good idea. I also believe he wouldn't sponsor scam. He is a cofounder? If yes I surely will entrust you my money Just say hi to azam from me, say I adore his ideas Thank you! Yes, you are right! Azam Khodzhaev is our chief communication officer and also co-founder. He's a great communicator and was one of the first people in Eastern Europe to start mining cryptocurrencies. |
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Why is this project so complex? Will you be able to realize everything? Projects like this usually set much higher cap.
The main idea behind the Azbit project is to bring traditional financial and investment services to the cryptocurrency industry under a single ecosystem. Having a single ecosystem will mean faster and less expensive KYC procedures, and will also make it cheaper to deposit and withdraw fiat currencies in these services. How do you want to make it so sophisticated? Are you guys new in this field? How are you going to implement all of these? 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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Why is this project so complex? Will you be able to realize everything? Projects like this usually set much higher cap.
The main idea behind the Azbit project is to bring traditional financial and investment services to the cryptocurrency industry under a single ecosystem. Having a single ecosystem will mean faster and less expensive KYC procedures, and will also make it cheaper to deposit and withdraw fiat currencies in these services. |
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Amazing project, btw. The fact that they're issuing security tokens is great! That means that they will have much fewer problems with government regulations in the future. I'm really looking forward to buy some AZS  Thank you for your interest! Please note, the timing of our ICO campaign has been changed after extensive consultations with our advisors, taking into account a number of circumstances, such as the current market conditions and so forth. The campaign is divided into 3 stages: Private sale: 01 Sep 2018 - 30 Sep 2018 Pre-ICO: 1 Oct 2018 - 31 Oct 2018 ICO: 15 Nov 2018 - 31 Dec 2018 We apologize for any inconvenience. I think its a good decision taken by the team of advisors to extend the timing of ico, the market is extremely bearish now and most ico's in this period are struggling to achieve soft cap, so best decision in my opinion, wait a bit till market recovers. Problem with extending an ICO is that you lock down funds from early investors for an even longer period of time. We understand that. But we haven't early investors yet. Also, the decision to extend the timing of ICO was not easy for us after consultations with our advisors. |
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Since in the pre-sale the bonus is only 5%, the main sale will not have any type of bonus? Or will it be according to the amount of tokens to be purchased, win a bonus?
Yes. From the start of Pre-ICO, you will be able to buy AZS token with 5% bonus from your initial amount purchased. And there are no bonuses during ICO campaign. Isn't 5% bonus just too low for the pre-ICO? Are you planning to change that, given that you have moved the dates? Yes. We consider changing pre-ICO bonus, but can't say anything certain for the moment. Anyway, pre-ICO bonus might be other than it's now. |
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In what format will the bounty be held. Will the branch be published forex. I want to participate and write a few articles for the project.
Thank you for your interest. The bounty campaign will last until the end of the ICO. Each accepted campaign member is to receive the reward in AZS tokens, which are transferred to your wallet during a week after ICO completion date. All the terms and conditions of bounty campaign will be published before its start. |
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Are there any restrictions on the sale of team tokens, founders and advisors? All in all, 50% are allocate for them.
The tokens issued to the project’s Founders and team will be partially frozen for 3 years from the end of the ICO, and will be issued in accordance with the following timetable: - October 15, 2018: 25% of the tokens - October 15, 2019: 25% of the tokens - October 15, 2020: 25% of the tokens - October 15, 2021: 25% of the tokens |
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Is there any news on the project? What is happening now? What does the team work on?
Now we are repackaging the product, modernizing our website, and we are working with the advisors over the changes of token metrics. We also obtain a license in Estonia for receiving payments in fiat currency. |
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Your white paper indicates that 30 percent will be spent on mareting. Does this include costs for the bounty program?
30% of all the ICO proceeds will be allocated to marketing, raising awareness of the project, and advertising. And 2,5% of the AZS tokens are allocated to the bounty campaign. You can find all the information in our Whitepaper (pages 32-34). |
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