Correct. We employ, many, many security measures beyond 2fa authentication. (see our whitepaper for details).

This is why LakeBTC.com has a perfect record of never losing any customers' money. Ever.

LakeBanker's ICO is a spinoff from major crypto-exchange LakeBTC.com. So if you participate (by contributing ETH, BTC or LTC) your BAC tokens can be held in a wallet on LakeBTC.com (with exceptional security), or you can withdraw them to your own wallet.

It's a useful choice as some people might want to invest in an ICO but are unsure about how to safeguard their own wallets.

Another advantage of our ICO being backed by a major exchange is that trading for BAC tokens will be enabled on LakeBTC within a few days of the close of our Token Sale. So we're offering customers near immediate liquidity.

Here's our ANN thread and formal whitepaper

Thanks for your interest in our token.

We're kind of the opposite of a lot of ICOs announced on here:

• We have a solid project and business model
• We have significant resources: The LakeBanker "Crowd-Banking" system is a spinoff of one of the World's leading crypto exchanges LakeBTC.com (10 million user accounts from 162 countries) with major potential corporate partners
• We are at an advanced developmental stage: Our Crowd-Banking platform has been operating in Beta for 1.5 years and already generates real revenue.

Unfortunately, there is not much buzz or hype surrounding our project right now. Many ICO announced here seem to be the opposite:

• Weak project (just a big idea involving "decentralization" of something or other).
• Few resouces
• Poor developmental stage (just an idea or a few lines of code never put into use).

But many of these projects seem to generate huge buzz and hype in the community. I guess they spend many of their resources on creating hype rather than getting real work done. That's not our way.

Anyway, if you're interested in an ICO that is a serious business model and an advanced developmental stage---rather than a bunch of empty hype---please check out our ANN thread and formal whitepaper
 

LakeBTC.com has an impeccable reputation for reliability and security. We are perhaps the only major crypto-trading platform without stolen coins, security scandals or flash crashes.

We have many security protocols that go way beyond 2fa auth. These will all be inherited by the LakeBanker "Crowd-Banking" platform.

For more specific information about our security protocols, please see section 3.3 of our formal whitepaper

LakeBanker's ICO is a spinoff from long-standing crypto-exchange LakeBTC.com. We have 10 million user accounts created from 162 countries.

The LakeBanker "Crowd-Banking" system has been operating in Beta for 1.5 years and already generates revenue. Now the system is ready for the world. This is a real project backed up by one of the world's leading crypto exchanges.

Phase 1 of our Token Sale is active now. We're offering 2% of our tokens at a massive discount in return for getting the community involved.
Phase 2 will be held in mid-October.

If you’d like to know more check out our ANN thread and formal whitepaper

LakeBanker's ICO is a spinoff from long-standing crypto-exchange LakeBTC.com. We have 10 million user accounts created from 162 countries.

The LakeBanker "Crowd-Banking" system has been operating in Beta for 1.5 years and already generates revenue. Now the system is ready for the world. This is a real project backed up by one of the world's leading crypto exchanges.

Phase 1 of our Token Sale is active now. We're offering 2% of our tokens at a massive discount in return for getting the community involved.
Phase 2 will be held in mid-October.

If you’d like to know more check out our ANN thread and formal whitepaper

Exactly. "Decentralized" has become a buzz word, along with the idea that EVERYTHING is better on-chain. But that's FAR from obvious.

Take all the recent fintech startups that run all their transactions on-chain (Humaniq, Everex etc.). Why? These guys want to reach millions, maybe billions of users. Does Blockchain have the capacity and throughput to handle this many transactions? What about on-chain transaction fees---they can be volatile and may become prohibitively expensive.

Our platform does it differently. Some people don't care about on-chain transactions. If not, we can handle them centrally on our databases and do them instantly and for free. But we're still Blockchain enthusiasts---if you want to invest in cryptos or run your transactions on-chain, you can do that on our platform, with great security. But we don't force cryptos on our users.

If you would like to know more about our approach to decentralization, please check out our ANN thread and formal whitepaper

Glad your experience was a good one

LakeBTC.com is a crypto exchange. We've been around since 2013 and we're currently top 20 in the world for Bitcoin trading volume.


LakeBanker is a Crowd-Banking platform that has been operating in Beta within LakeBTC for 1.5 years. The Beta was very successful. Now we plan to spinoff the LakeBanker platform as an independent company and launch a Token Sale to fund it's expansion.


In the future, LakeBanker and LakeBTC will still remain closely related; but they will be separate companies. As a spinoff, LakeBanker inherits the core team of LakeBTC along with its expertise in reliability and security, its technology and its culture.


Hope this helps you understand the relationship between LakeBTC and LakeBanker. If not, please ask more questions here or join us on Slack or Telegram (links on the front page)

Ethereum and Litecoin trading have been enabled at LakeBTC.com. We are still in the testing phase and will make a full public announcement soon once we're sure everything is working perfectly.

China has imposed a temporary ban on ICO to deal with the problem of scammers. In the longer run, they seem to want to be a global leader in Blockchain technology.

Our Token Sale is not affected other than that we now do now allow Chinese citizens to participate. We never marketed this Token Sale in China so we don't don't expect any problems.

Not sure what you mean by "calm before the storm". As we are not a Chinese based ICO, the temporary ban on ICO in China will not affect us.

However, we are keeping an eye on the situation and remain vigilant. In particular, we are not allowing Chinese Citizens to participate in our ICO.

Yes. Apologies we had a sync. delay with the Ethereum wallet client. The system should catch up soon.

ICO for the LakeBanker project is running Phase 2 in October (Phase 1 is active now with a small cap and a big discount).


The LakeBanker "Crowd-Banking" system is a spinoff from long-standing crypto exchange LakeBTC.com. We're a major exchange (we traded $50 million yesterday). The LakeBanker system has been operating in Beta within LakeBTC for 1.5 years with strong proof of concept. This is already a real business.

If you’d like to know more, check out our ANN thread and formal whitepaper

We looked into this and LakeBTC.com appears to be working well. Are you still experiencing a problem?

This situation resembles the 2008 financial crisis in some ways:

Before 2008 fin crisis, financial innovations were encouraged by regulators. Asset backed securities and derivatives were hot among banks. Then came the Lehman brothers crash etc. Then the overall regulation turned to very conservative. The No.1 priority is safety, not innovation. Banks were not allowed to participate futures trading altogether, not even for hedging.

History may repeat itself with ICO. The regulators have not been very tough on innovation. Unfortunately, 1. bad players pushed their limits. they run fake projects, pump&dump, manipulate the market ... 2. bad guys from traditional scams jumped in ICOs 3. too many ppl are involved. Reported 100k+ in China. Some projects (Such as EOS), the price went down too much and ppl lost $$ and filed complaints. There's a real threat of protests. That's the last thing China wants.

In the long run, this is probably a positive thing for crypto's, blockchain, ICO etc. It's good to get rid of the bad guys.

ICO for the LakeBanker project is running Phase 2 in October (Phase 1 is active now with a small cap and a big discount).


The LakeBanker "Crowd-Banking" system is a spinoff from long-standing crypto exchange LakeBTC.com. We're a major exchange (we traded $50 million yesterday). The LakeBanker system has been operating in Beta within LakeBTC for 1.5 years with strong proof of concept. This is already a real business. Now its ready for the world.


More details in our ANN thread and formal whitepaper

We haven't approached Bittrex or Polo. BAC will be tradable on LakeBTC and we have the best reputation for security and reliability in the business. In the future, we may look to work with other exchanges if they meet our high standards.

Yes. The ICO is still running. As we are not incorporated in China, nor have we marketed our ICO in China, the temporary ban does not affect us (other than that we will disallow Chinese citizens from participating).

Trading for BAC tokens will still be enabled on our trading platform shortly after the close of Phase 2 (and before Nov. 1st 2017).

An ICO coming from a real company is a huge plus for investors. I don't just mean any registered company, but one that actually generates serious revenues and profits. Because then the company has too much to lose by running a bad ICO.

Our company is LakeBTC: we're a major crypto-exchange (we traded over $50 million in the last 24 hours).

The LakeBanker "Crowd-Banking" system has been operating in Beta within LakeBTC for 1.5 years. Now we're spinning it off and launching an ICO.

There's no way we'd risk the reputation of the LakeBTC exchange by running a scam ICO for LakeBanker. We hope this gives our investors some confidence in this difficult time for the ICO market.

If you’d like to know more, check out our ANN thread and formal whitepaper