Quite an interesting project. Tell me please, what role will the token have in the functioning of the system? In advance thanks for the answer.
Luxcess will use a percentage of the profits made to buy back tokens from exchange and consequently burn them "buy back and burn" This is one common technique most project devs use to increase the market value of their price. It seem to really work wonders. But my confusion is why not just provide the needed amount instead of making excess to burn off?? I suppose it is because the needed amount comes from the profit that their product will generate, so they dont have to pay for it from their budget allocation |
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is the project based in a country with a stable economy?
The Company is incorporated in London/United Kingdom. I don't know if you think UK hasn't a stable economy, because of the Brexit  from where do you have this information? at the bottom of the homepage i found this address: FortySeven OÜ Kakumäe tee 226, Tallinn, Harju maakond, 13516 Reg. nr.: 14347500 ah, i see, it's written in the whitepaper, incorporated in London. (i should look first:-) ) But i guess there is a difference between the incorporated place and the adress of the company. or do they move to london? I found that information on the website too and found out later it is mentioned in the whitepaper of the lcoation in London, I think 47B will open an office in london after the succession of the ICO |
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is the project based in a country with a stable economy?
According to their website, they are located in the northern part of Estonia in eastern Europe, I would say that the economy is pretty stablet there |
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Quite an interesting project. Tell me please, what role will the token have in the functioning of the system? In advance thanks for the answer.
Luxcess will use a percentage of the profits made to buy back tokens from exchange and consequently burn them "buy back and burn" |
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Nearly 2.7 Billion tokens sold this is nuts lol i get the feeling their going to crack 3b later tonight or early tomorrow morning, a truely impressive feat for the team, especially given the short time frame...
I don't understand why there seems to be an influx of recent of people being negative and trying to spread fud, but i just enjoy stopping in to see how the ICO is going :S
The sale is going quite well and an exchange listing is already announced and even more exchange listing will be announced in a few days, the team does a good job with customer service |
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According to the whitepaper, section 12 Roadmap, a new trading floor will be opened on the 7th of august, what is meant with this? a crypto currency exchange or an office?
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To add further, that certificate certifies savedroid of compliance with legal requirements in protection of customer information (privacy) and compliance with international standard ISO/IEC 27000 which is about IT-security (information security management systems, roughly translated)
Which has nearly nothing to do with the ICO Thanks My apologies, I should have quoted your previous comment, where you asked the following:
[...]
There is a TÜV logo on the bottom right of the ICO page.
Exactly what part of the savedroid ico has been checked by the TÜV ?
I clarified the role of the TUV certification on Savedroid |
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The partnership with VOICE is indeed good news, there are more partnerships including:
•VOISE: @Voisecom
•PURA: @Puraofficial
•PHORE: @phoreproject
•BOUNTYOX: @Bounty0x
•HTML: @Htmlcoinofficial
•ELECTRONEUM: @Electroneum
Found on a webpage of TBIS explanation what these partnerships are meant to achieve:
"these partnerships serve to increase the ability to offer a real and extremely competitive alternative to the current ‘enterprise’ strength cloud/virtualization world"
So it is in the benefit of Titanium that Michael Stollaire acts as a technical advisor for the other projects to streamline the goals
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There is an update on telegram that by the end of this week the whitepaper grammar will be corrected entirely
In this topic there has been some critique about it earlier, the reason why luxcess postponed this is because they have been working on legal issues
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Datasecurity for this ICO Looks like the ICO was checked, but what part. It is on the ICO page so it appears that the ICO itself was checked. If I would have used the savedriod app to simplify the ICO process, I would have 7.5% less tokens, but hey, it would have made it easy. It is quite normal the everybody should think that the ICO was approved by TÜV. The TÜV Logo is not a seal of quality, it only says that Savedroid and the way of work complies with data protection requirements. What is TÜV? Is that the financial authority for Germany? You can see the TÜV certficate on Savedroid's website, it took me one google search to find it... which took about 5 seconds... Heres the link KRACH - https://ico.savedroid.com/resources/To add further, that certificate certifies savedroid of compliance with legal requirements in protection of customer information (privacy) and compliance with international standard ISO/IEC 27000 which is about IT-security (information security management systems, roughly translated) |
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And another partnership comes  partnership with Voise!!!CEO Michael Stollair will be now a Technical Adviser in Voise project   What's is the nature of this arrangement? Being a technical advisor for another project seems to me like a one-sided initiative, will the supporters of Titanium benefit from this partnership? |
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There is an update on the pre-sale duration, it seems they shortened it to 3 days
The announcement was made on telegram:
PRE-SALE UPDATE
Because we said, that everyone will be able to invest we decided to make Pre-sale shorter.
Pre-sale start: 1. March 2018
Pre-sale end: 3.March 2018
There will be only 72 hour of Pre-sale.
Sale start: 3. March 2018
Sale end: 7. April 2018
More info tomorrow on Medium post.
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The ammount suggested when you press any of the buy buttons is
"Level 2: 850.00 - 4,199.99 € Level 1 + photo of ID card or passport + selfie"
However the deposit address is shown BEFORE any of this is - shown - and BEFORE any of this information is taken.
Easy way for people to have tokens stuck when they learn what the kyc requires. when they are flashed a deposit address and get notifications "Hans From Austria Bought 50000 tokens" being pushed to buy but not being asked to provide documents before depositing, and this is the default setting for the ammount, not level one, level two.
In other words
"send us your money now, sorry you didnt read the KYC t&c , we dont know who you are when you deposit, just that you ticked a box, thanks"
There is a TÜV logo on the bottom right of the ICO page.
Exactly what part of the savedroid ico has been checked by the TÜV ?
I think the thoughts behind designing it that way is to be compliant with the (potentially new) EU regulations Cookies is done in a similar way, websites are required to announce that it uses cookies and if you want to continue using the site ''click here'', nobody reads the text |
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I found the answer what Luxcess is going to do with this 30% Fee. 10% will be spent on Marketing/Development. 9% will be spent on team operation.
1% will be charity. And 10% will be burn. Now this is interesting. Can someone explain what is the benefit of this 10%burn here?
I can not understand that, why should they burn 10% of profit (because the 30% fee is nothing more than their share of profit)? This seems to me very strange, maybe it is a translation error? It is an innovative idea to stimulate an upward trend of the token price In their WP it is mentioned that with that percentage, tokens will be bought from exchanges and consequently burned so that it can not be sold later. Basically it relieves sell orders |
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Yeah ETH fall down in the last weeks and is the best method to take part of the 47 Bank ICO. All I have to do now is wait for my money at Coinbase.
But if ETH is down then I guess this is not time to buy. We have to wait for recover ETH, then we should buy FSBT. This is my personal opinion. In crypto it’s more likely a new coin or low cal coins percentage increase will be larger than one of the big coins or that’s what most people say basically coming out of an ico many coins see a 25-100% jump in price.... it’s highly doubtful eth will outperform that. So it basically comes down to if you think fsbt has more chance of jumping in value in the short term or eth. Waiting on eth to jump could also easily see you miss jumps in other coins including fsbt Instead of first buying ETH and investing ETH for FSBT, we can directly invest our FIAT to buy FSBT tokens. This will save the huge commission for buying ETH in coinbase or similar exchanges. The current system to exchange FIAT for altcoins is inconvenient for everyone (commissions), which is in contradiction with the motto of cryptocurrency; to remove the need of a middleman. Which brings me to why I sympathize with 47B ICO. |
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this company is the definition of being a sureshot of an FAIL!
guys, sell your BAR as long as you don't make any losses from the ICO and be glad you did...You'll see it in the next 3 months I guess..
greets Tyler from the Telegram Titanium Chat Room
Thanks for the message, I will immediately buy a few more BAR. I just looked into the telegram channel to see what your problem is. but couldn't find anything, and it is not that important to me. You're probably one who made a mistake himself and blames others i believe in the project and you should still buy tokens :-) Epic response, is appalling to see such comments without proper constructive criticism, titanium is one of the best ICO at the moment, Micheal has been close to the community, giving a lot of people reasons to invest in this project, tokens were sold out because the community believed in it, i just don't listen to such comments, is really unnecessary I can understand that not everyone likes Titanium but he should be able to name exactly what he doesn't like. Not such vague statements like "you'll see in the next 3 months". Criticism can be a good thing if it is constructive and can help to start a vital discussion and to improve the whole project. Very good point, nobody can move on with comments like ''great project'' or ''good for flippers'' There must be a reason why you think its a great project or why you think BARs are not suitable for long-term hold (speaking in general here) Is it too much to ask for an elaboration? If it is, there is probably an ulterior motive |
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At the moment, 2,3mio SVD are sold. I think tonight or tomorrow morning at least 50% of tokens are sold. My purchased tokens are still pending, but I'll buy some more tokens tomorrow
is someone here with a confirmed purchase?
Congratulations! I contacted an admin on the Telegram channel of Savedroid where I asked whether the tokens are distribtued before the end date of the ICO to your MEW wallet for example Tokens are distributed after the Main Sale, so I would give it a week after the end-date of the ICO |
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I found the answer what Luxcess is going to do with this 30% Fee. 10% will be spent on Marketing/Development. 9% will be spent on team operation.
1% will be charity. And 10% will be burn. Now this is interesting. Can someone explain what is the benefit of this 10%burn here?
Form what I understood is that that fraction will be used to buy up more tokens on exchanges to guarantee that efforts are made by Luxcess on surpressing the supply of the tokens (increase in scarcity) and thus stimulate an upward price trends |
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