Exactly we can not guarantee anything but we have our aims very high and have a great team. We legally can not really speculate but we will be releasing some business forecasts post crowdsale which will then go to bnktothefuture.com or We even thought of Dragons Den. That would make it interesting.

Pedro's photo is on ico.ethbits.com he has met investors in person and Monty was at coinfest. Take what fall? We will be a successful exchange. If if makes anyone feel more comfortable I am sure Pedro would do an interview with FAQ. That may be a good idea. I will ask him.

Thank you for all the support we will keep you updated with monthly updates on our progress please sign up to our news letter on www.ethbits.com

Refunds were going to be issued if we didn't reach the minimum amount. Apart from that the project is going ahead we have started development and thats all we are focusing on. I dont understand why a few posts by a few people are giving people doubts on a solid company. We are  going ahead and we will be a success we have big names and big companies behind us.

I will start deleting this stuff again it is nothing but worthless scam accusations . At least give us a reason please?

Monty is from India but he lived in UK since he was young.

This was explained before. Some people have non crypto jobs. The link to  Crypto sounds strange when applying for new jobs in Nuclear Engineering work. People have their name googled these days its standard practice. Plus Matt is mainly an advisor and went to school with the CEO when they were young. He is helping us out as a start up and he chose not to be on the team page for the reasons I just answered.  Monty was busy that evening and Matt already new Alex from ICOCOUNTDOWN so he stood in. He even went to coinfest helping out Monty. You have to remember we are a start up and we need help where we can and from who ever is prepared to help.

Does that answer your question?

Thank you! These red flags will only slow down the money we will be taking but we already have the green light to make the platform iTrade. It will be a great success. Then all we have to do is go to www.bnktothefuture.com probably earlier than we anticipated but we are good to go to mke the nexr Ground Breaking exchange.

It was deleted 25 times because part of it was FUD. Now your questions have been answered because you formulated them correctly. So the issue has been solved.


Like I said before I will answer ANYTHING so please ask. As for the RED feedback I dont know what to do. We never said we couldn't be hacked the Lead Developer says he knows how to ensure we wont be hacked.

Is there anyway to talk to a bitcoin talk moderator regarding feedback that is not warranted at all please? Or at least discuss it because we are having an ICO and a person is trying to ruin our rpeutation which quite frankly isnt fair. Anyway I wont go into details here but who can I talk to about this please?

We will get this done this weekend I said this before and will make sure of it.

1. So you are guarantee that EthBits exchange wont get hacked ever in any way? That cold storage can't be hacked ever? That could't happen? Poloniex using cold storage and even they were hacked several times. What are the names of developers that already made another exchanges and what are the name of their exchanges?

Sergeev Dmitry but like what was mentioned he is under NDA and I can not say that. Also we never claimed we are hack proof but we will make security a very serious priority and limit any potential hacks. That is a given wuth any exchange really. All exchanges are open to potential hacks.

2. So your answer for my question is you are using blockchain network because you need to money for developing centralized exchange and there is no near any other reason why would you need to use particulary a blockchain? So if you had money for developing you wouldn't use ethereum network?

We are using the Ethereum Network mainly to use the profit share smart contract. Also we have found a company in Gibraltar where we can pay dividends without KYC so this is a major step in the right direction.

3. I'm sure Liqui will get bigger after some time and i dont see the reason why would some new exchange should be huge with a lot of users. If you are planning to start instantly like Polo with their volumes than you are risking to be hacked because a lot of hackers eyeballs will be watching your exchange.
I think there is no reason to be in a hurry to become big because you should get enough time to get trust and credibility.
I need the exact calculations what profit will token holders get if for example you will be having Bittrex month profit.

We will grow slowly with closed and open Beta. We are fully aware of the potential risks and will avoid them at all costs.

What profit will i get if i will be buying EthBits tokens for the current price in sum of 10 BTC.

I can not tell you that it would not be legal. But we will be having press releases in each country we enter. Also we wil be taking site fees in ETB and a new idea we have had is to burn part of the fees we take which will keep the supply constantly reducing. So we will maintain the desirability of the token constantly increasing and also have a constantly decreasing supply. We have made the token that will be 10 decimal places that is how confident we are.

For example:
I will be buying 20000 EBTS. It is 0.9% of all the 100% total EBTS cap.
If Exchange will be getting profit for 50k USD every day the token holders will be getting 1000 EBTS profits every month to my wallet.

We will be paying dividends in Ehthereum and we do not know the profit share yet until we have finished the crowdsale. It will be between 8% and 40%. Lets say we sell out and you buy 100% of the tokens which is 4 mill. If we  make 5k ETH per day then we distribute 40 % this evenly between the 5 Mill token holders every quarter. But remember we will have a decreasing supply.

Also will the exchange profit calculations be transparent and you will be making every month a thorough spreadsheet for investors? Or we will be trusting on your WORD that you will be fair and will give any exchange balance information? How also we could be sure that you will be getting correct data without any changes? Am i understand this right that your profit payments to tokens holders will be made by EthBits devs so we should trust you that your team won't scum anyone?

We will be provably fair it is in out white paper. If you have a read we can answer any questions you have no problems.

In total this is your business model?
You asking for 100% of money from people without any return for exchange development. No one can be sure if you even make this glorious exchange. No one is sure if it will any good. No one is sure if it will not be hacked.
And if at the end all will get well and you will finally release your exchange after a year or more for every 1 profited dollar you will take 0.6 cents for yourself and the rest 0.4 for all the token holders? What kind of fairy world are you live in? Do you think this is reasonable business model for people buying your coin?


Polo make 1 Mill usd per day sometimes. If they used our structure it would not just be the core team who are rich. We are giving people a good opportunity. Start Up businesses are always a risk but we have an excellent team to make this happen. I think its an excellent and fair business proposition to buy the coin. WE did have offers  from angel investors but we prefer to let the community gain which in turn will give us more awareness and volume.

Hi we are working on a spread sheet over the weekend. Now the sig Campaign will get a %. Do not worry its better than we originally planned for the participants. Juts please trust us on this for now and I will do my best to get a spread sheet up explaining this weekend.

Hi I do not understand why you applied but still wear no sig or Avatar. Could you explain your reasoning please? Because this is against the rules of the campaign so your participation currently isn't counted.
 

1. Good question seriously it is good.  Well for the hacking part we are using a team of developers who know the concept of cold storage very well and I have mentioned it before that they have made an exchange that has never had any security problems. We will not be using smart contracts because we are not yet so confident enough. If we use standard well proven protocols with cold storage then the only security breach will be inside jobs and nobody wants to go on the run or go to jail. There will be no one with access to the code who is not well vetted and who has a equity in the company. It will not happen.

2.
Rather than get Angel investors (most of them already have a piece of the pie in other exchanges) we are doing a crowdsale so to give everybody an option to get good returns. We can not legally sit her and say yes you will get rich but we are extremely confident we can take on the top exchanges with volume quickly. Also we will be utilising our token to partly pay site fees and also part of the fees we take in our token will be burned. So we will have a constant volume with a reducing supply. We could not do that with pounds or bitcoin and if we could then it would be nice to hear how we could.

3. I kind of answered this before. I would say Liqui is successful but only a hand full of people are gaining considerable amounts of returns. we are aiming high like Polo. You can call that rubbish if you like but we have the right team in place to do so. Polo makes sometimes 1 Mill usd per day. imagine 40% of that shared out to the people who believed in us from the start or even people who bought our token at 50 times the value from now. I am not saying we will do any of this I am giving you a scenario. If we sell out and we make 1 mill per day then we will pay out 400k USD per day to token holders that will be better than what liqui offers by holding your bitcoin. So what would you prefer a handful of people making all the money or a community  who saw an opportunity and grabbed it to share the profits. We are doing all the hard work all you have to do is believe in what we are doing. So your argument I do not understand.

Hi . you're noted. but you still haven't provided your Ether wallet address.

Yeah do you have any ideas my friend? Jennifive please do you have any questions rather than accusations. I already apologized for banning you from the telegram. Post your concerns below and I will go through them individually. Please stop posting the same thread again and again. Like I say we need to work together in order to get your concerns either confirmed or resolved. So please do the decent thing and post below your questions.
We are here to answer any questions. I am tired of deleting this now so please lets just get this over and done with then people can decide for themselves.

Jenifive.

Ask questions with out quotes with out FUD and I personally will answer them I guarantee you. But stop spamming our thread with the same thing. I understand concerns from any investor into a new project but ask properly. If you genuinely have questions list them below. tomorrow I will answer to the best of my ability.

Thanks.

Edgeless is dividend paying and one of the people helping us got them on bittrex today. Our dividends could be something amazing. We will be publishing our potential growth in the coming weeks. I like token burn like ICN did but I prefer people get returns that they can see and sell instantly.

Hi Please keep this to the Sig Campaign thread. If it doesn't get answered by tomorrow I will 100% break it down for you all.

Hi.  yes, we are planning to use one of their product;  the Mycelium card.

according to our white paper: