The KYC process, how much time it takes? (after the sale ICO or during? What happens if you do not complete the KYC process?)
KYC process can be legally required in specific countries, if you do not complete the KYC process you might not be legally entitled to invest it involves providing documents to declare who you Sad but true the scale of KYC seems to greatly depend on both the investors location as well as the companies location. US seems to be the most strict when it comes to securities and KYC requirements. Some ICOs take a more loose requirement and others just spread the minimum requirement across all of their investors to make sure their covered in the future given the whole kyc situation seems to be evolving for crypto constantly Exactly, KYC varies among countries, it is also stated on most ICOs that successful KYC varies, what this means is, the time Mr. A provides his details and the time Mr. B provides his does not matter, as both will not be approved same time, even though they applied same day, just as it happened to me and a friend of mine The KYC process is not done for everyone at the same time, it's alot of work. Unless there is an automated system, they will do it in batches |
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thanks for that, very interesting story with the historical knightly order. So far, I did not know anything about that and will take a closer look at it. Now we are already learning history in this thread:-) Good update, thanks for posting in here too as requested. It's nice to a see project listen to the community and deliver exactly what we want  No problem guys, participants are on the first place If anyone has any other request they can post them here, on telegram or any other media that we are active on. Luxcess group Thank you team. Glad you guys will be on the Moscow summit; I hope there would be a live coverage to the event. It would be something. Hopefully we get to see some exciting news in the event. This is a great idea, if it's not possible to be live streamed please atleast record it and upload it to youtube, it will certainly help reach out to other people across the globe who are in 2 minds thinking about investing or not. I think a nice recording of the event will be very beneficial to people who are still in two minds. That is nicely put, stream would be especially nice since the sale will start at that time, would be interesting to see activity real-time, but a video on youtube would work well |
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Yes, it means that you will be able to directly trade on exchanges which are connected to Forty Seven Bank infrastructure via API. Thanks for clearing this up Forty Seven bank team, a lot of people have been asking questions about this statement so it's good to see a team member has answered this. Which exchanges will be connect to Forty Seven Bank, have any been announced yet? FSBT website says they plan to be listed on Binance, EtherDelta, HitBTC, IDEX and Livecoin. I hope all these exchanges will also be part of FSBT network. All are good one. The more exchanges the tokens will be listed on the better! However I think it is quite easy to get listed on IDEX and EtherDelta, I would personally like KuCoin listing, Binance is a nice goal |
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I bought SVD February, 14 KYC is still in the process? This is normal ? And how long is KYC confirmed? In the case of his non-confirmation, will I lose my SVD and money?
I want to reassure you, when they approve, you will receive 1SVD and they will say that it is according to the rate on the day of approval  What do you mean with 1 SVD? The KYC process is more of a legality, I strongly doubt anything will go wrong, but if you have doubts you can always ask in their telegram channel: https://t.me/savedroid |
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thanks for that, very interesting story with the historical knightly order. So far, I did not know anything about that and will take a closer look at it. Now we are already learning history in this thread:-) That closing statement really caught my attention. "we were given the opportunity to open the start of Pre-sale at the event." . That's an interesting way to start off this project. I hope you get many support and sales over there. Good luck Hello, yes we Will open the presale on the main stage, we don't know who Will announce it, we are still in negotiations. So nor the main speaker Will announce it or our CEO Luxcess group Very clever move, Luxcess is quite original when it comes to details in doing an ICO. I was wondering if it is already known where we can watch the stream? |
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are there any partnership and collaboration with companies?
Check out https://www.fortyseven.io/ it has the partnerships and companies they work with towards the bottom of the website and what exchanges they are hoping to be listed on in the near future This gives a good idea in which direction the ICO is headed, but has yet to prove that they actually can achieve their goals |
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The KYC process, how much time it takes? (after the sale ICO or during? What happens if you do not complete the KYC process?)
KYC process can be legally required in specific countries, if you do not complete the KYC process you might not be legally entitled to invest it involves providing documents to declare who you |
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Its nice introduction in this video. Explained about project very shortly and cleaned languages. Its so nice and interesting points are mentioned. I like how the concept of a mass working together is compared with working bees, so in short all the security experts can work efficiently and get rewarded for figuring out flaws? This explains the need for a blockchain. |
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Thanks for sharing the articles! I read them and didn't know the CEO and COO will be present in Moscow, this is great, wish I could be there |
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I'm not sure which markets 47 Bank are referring to on this page of the whitepaper, this section is a bit ambiguous. I presume they mean crypto exchanges but 47 Bank also provides a FIAT currency conversion forex service or at least access to one... Maybe we could get some more clarification from the 47 Bank team? As I understand that statement meaning is not directly you place sell orders on other exchanges. This is future they will provide theirs client when theirs orders trading in large size. But not mentioned on other exchanges. Yes since there is no mentioning of the name of the exchanges, or exchanges itself, but instead markets, that section has been a bit confusing for me, either way, direct market access does sound interesting since at this time it costs a lot effort to find the market you need and then to open an account on that market |
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Wow, I'm impressed with google translation, that is written very well considering it's been translated haha....
Almost 3.4billion tokens sold! We're getting there, wont be long left
But it seems like the sales were slowing down a bit recently, or am I wrong? I mean there is still enough time left to reach the hardcap but it looks like the number isn't growing that fast as it did during the first days of the ICO. Is a common trend among ICOs, people tend to rush the first minute because is unpredictable, sales may finish same day so they don't want to miss out, i said something earlier about the psychology of humans to wait and jump into the train during the last phase of sales, massive sales usually occur during the last week or last day of the ICO That;s in interesting approach, I was under the impression that biggest token purchases are done whenever the bonuses are the highest, since the higher relative bonus you get the more advantage you have over other investors who didnt get bonus, which leads to fast dumping of tokens |
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thanks for the youtube-link. i am really interested in this project, but still have to read the whitepaper to understand it completely. Potential is huge, Security-Market will grow every year It's nice to see regular updates from the team on twitter too, check it out here https://twitter.com/polyswarm?lang=enThanks for sharing! I had a look and I especially like the video tutorials, this makes it feasible for everyone to understand the steps |
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I like the how Luxcess will distribute the LXC token; 80% to contributors, 12% to the team and 8% to the bounty.
This is very fair of Luxcess and it shows they're not being greedy, some projects keep up to 50% of the tokens for the team!
This is good because it shows that they want their investors to benefit from the project being a success. Also Luxcess team members do not hold enough tokens to have a direct authority over the control of the token, this is a good thing when it comes to market manipulation.
Pretty generous numbers considering..... It's nice to know the luxcess team members don't hold enough tokens to have a "control" of the token to avoid manipulation. Many people neglect the token allocation structure of an ICO, I just recently saw one where only 22% of the tokens are sold of which 2% through pre-sale, rest are kept by team, surely such a token can not have a good future in terms of value It's an important factor that I think a lot of people do not take seriously, I personally think when a projects team holds between 15% - 25% of total supply that is the ideal figure. The fact that Luxcess only hold 12% of supply is great because it proves they're a trust-worthy company and they're less likely to manipulate their own market or dump tokens. Yes the range of 15-20% is a good indication indeed, plus with the charity gesture by luxcess team, the ICO has good prospects |
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I like the how Luxcess will distribute the LXC token; 80% to contributors, 12% to the team and 8% to the bounty.
This is very fair of Luxcess and it shows they're not being greedy, some projects keep up to 50% of the tokens for the team!
This is good because it shows that they want their investors to benefit from the project being a success. Also Luxcess team members do not hold enough tokens to have a direct authority over the control of the token, this is a good thing when it comes to market manipulation.
Pretty generous numbers considering..... It's nice to know the luxcess team members don't hold enough tokens to have a "control" of the token to avoid manipulation. Many people neglect the token allocation structure of an ICO, I just recently saw one where only 22% of the tokens are sold of which 2% through pre-sale, rest are kept by team, surely such a token can not have a good future in terms of value |
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I am interested to join your bounties. do you guys think I can still count in and not too late? I am too late to read what's this all about and after reading it, thats when I decided to be part of this. My personal advice to you is that it is best to start with bounties when they are in the early phase Just google some bounty websites where you can filter / sort on listing date. Especially when you have low rank, the impact of starting late is higher You can still join but I doubt it would as rewarding if you joined early on. However I think savedroid token are very affordable and have a high potential (personal opinion); it is not late to get some off at the ico price. Still a good price to get on within the main-sale, the way it has sold - I think it will rocket in value once it has the exchanges listed. Sure, it's better to join the bounty campaign right after it started but maybe the ICO will still be open for 17 more days. So there is still enough time to earn yourself some tokens. By all means, if you truly believe in the savedroid project feel free to apply for it, I think someone posted a link to the bounty topic |
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There is going to be an international blockchain summit where Luxcess will be present in two weeks, in Moscow.
Anyone by any chance that will be present?
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A question about the DevDays conferences for independent developers. will they always be held in the same place, or will the places change, much as we know from blockchain events?
Where did you get the info off from? can you share a link? A conference would really take the project a mile; it is the right time to get some conferences going and maybe live interviews too. It seems what I linked before is not related to 47B, ''DevDays'' is a common name for holding conferences like ''hackaton'', I could not find more info about the 47B's DevDay's, perhaps more info could be post by someone from the team |
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