Do you think Ripple will have success in China?
The problem with ripple is their at best a small patch to the existing financial world. They beg big banks to use their tech. But the traditional banker sector is ripe for bigger disruption than this. |
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OK. There's a delay in the synchronisation with the ethereum wallet client. It looks like we're about three hours behind. The system will catch up.
Your money is safe with us.
I have sent some BTC and made a payment to get some tokens. Will there be a special wallet after launch, or do I have to download an Ethereum wallet? The token will be ERC20 compliant: you can keep them at LakeBTC (with great security), or use your own wallet. Your choice. |
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how long does it take from the myetherwallet to lakebtc wallet. I am waiting for 30 minutes everything was spelled correctly . the lakebanker wallet displays 0 ( www.lakebtc.com/deposits/new) nothing to see or is this a scam site ? OK. There's a delay in the synchronisation with the ethereum wallet client. It looks like we're about three hours behind. The system will catch up. Your money is safe with us. |
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how long does it take from the myetherwallet to lakebtc wallet. I am waiting for 30 minutes everything was spelled correctly . the lakebanker wallet displays 0 ( www.lakebtc.com/deposits/new) nothing to see or is this a scam site ? We'll look into this an get back to you. Don't worry, LakeBTC is not a scam site: We've been around for years and we have a great reputation. We wouldn't ruin that reputation by running a dodgy ICO. |
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LakeBanker's ICO is a spinoff of long-standing crypto exchange LakeBTC.com. We've been around for years and we are currently top 20 in the world for Bitcoin trading volume. We have an impeccable reputation for security and reliability. The LakeBanker "Crowd-Banking" platform has been operating in Beta within LakeBTC for 1.5 years. The concept has been proven. Now it's ready for the world. We have a long term business plan and our token BAC is well integrated into our business model. Phase 1 of our Token Sale. is active now. We're offering a small number of Tokens at a significant discount to generate interest and feedback from early participants. If you're interested, check out our ANN thread and our formal white paperAlthough as with most ICOs some will get involved for the chance of a short term flip, we hope some investors will recognise the long term strength of our Token. Our own team tokens are subject to a 5 years vesting schedule, which is the longest we know of for any ICO project. |
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LakeBanker's ICO is a spinoff of long-standing crypto exchange LakeBTC.com. We are currently top 20 in the world for Bitcoin trading volume. The LakeBanker "Crowd-Banking" platform has been operating in Beta within LakeBTC for 1.5 years. The concept has been proven. Now it's ready for the world. We introduce a new token BAC and launch a Token Sale. Trading for BAC will be enabled on LakeBTC soon after the close of the Token Sale and before November 1st 2017. We offer near immediate liquidity for our token. Phase 1 is active now. We're offering a small number of Tokens at a significant discount to generate interest and feedback from early participants. If you're interested, check out our ANN thread and our formal white paper |
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thanks for the replay, but how is the LakeBanker system more secure than others, since each Banker is responsible for their own user? even Banker is kind and innocent, did LakeBTC guarantee security against hackers for LakeBanker system? That's thing I wonder too. don't be like btc-e. "oh we got f*** and will give back u 55% your balance" The LakeBanker system is a spinoff go crypto-exchange LakeBTC.com. We inherit their core team, expertise, technology and culture. LakeBTC has an exceptional record of security and reliability. WE may be the only major platform without stolen coins, security scandals or flash crashes. We know how to handles peoples money. |
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We're happy to announce that we plan to accept Litecoin as a payment option for our Token Sale. Trading for Litecoin will then be enabled on LakeBTC.com shortly after the close of the Token Sale. wow, it's a great thing! so many exhcange had support LTC, bout only few exchange including LakeBTC is not. but now, LakeBTC do support Litecoin! Yes, we're also considering accepting other altcoins for the token sale. Please let us know your favorite |
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Applied and started retweeting yesterday. Would like to know if I've been accepted so I can continue. Thanks
hi, thanks for your participation, the accepted participant will be counted every other period of time, please stay tuned for this page. |
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I guess no one is interested to answer questions from curious onlookers? Maybe they don't want investors who know too much? Careful with the referral fees. 5% is a lot to give away from tokens sales. It just keeps adding up to your dumping problem after Phase 1. Add the incentive later, not before.
On your second point: we won't have a dumping problem. Only 2% of our tokens are offered in Phase 1. at this very low price. Sure some investors will be looking at the short term potential of a 1300% flip. But others are interested in are token for its long term potential to circulate amongst many millions of users. Since such a small number of tokens are being sold at the low price, those that sell them early won't have a big impact on the market. Thank you for the response. I think it's extremely common for the first investors to dump as soon as tokens trade, since almost every token opens at exactly or close to the normal price. Bonuses from early bird or referrals mean instant profit. It hurst the majority who can only enter later on. In any case, yes the small % is a form of protection. This does remain an interesting project. I am close to making my mind up. Thank you again. people prefer to get bouns or profits directly, rather than the pormised retuns so, to say nothing of this, the project simply didn't promise anyone that they would get paid back Yes, of course, we don't promise any specific returns. If investors believe there's a chance to make a 1300% flip by joining in Phase 1 that is a decision they have make based on their own research. The team is intersted in the long term---that's the important thing (our tokens are subject to the longest vesting schedule of any ICO project we know of). And the number of tokens available at a big discount is too small to have a significant effect on the market once the token becomes tradable. We think this is a pretty good balance. |
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How many BAC are bought until this moment? In your opinion, approximately how many BAC will be bought on September 15, 2017, 3pm UTC?
The cap is so low low for Phase 1 we're not releasing live sale data. We'll do that for Phase 2 probably. Demand is strong so far with still two weeks before the official start of Phase one. The price is so low that there's a chance to make a 1300% profit by investing early. People are buying becuase of that and other reasons. So we think there's a good chance that we'll sell the whole 2% before September 15, 2017, 3pm UTC. |
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LakeBanker's ICO is offering participants near immediate liquidity for there token. The LakeBanker system is a spinoff from long-standing exchange LakeBTC.com. Trading for our new token BAC will be enabled on LakeBTC shortly after the close of our Token Sale and before November 1st 2017. We feel this is a big advantage when compared to other ICOs who have to beg exhanges to list them after creating their tokens. If you'd like to know more check out our ANN thread and formal whitepaper |
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No, Not really.
just some Chinese people jumping on the pump and dump train to make profit from trading is far from "mainstream" investors coming in altcoins and specially ICOs for investment. i could see them investing in altcoins but never in ICOs. the mainstream investors know better than trusting ICOs even if there are 1 in a million good ones.
and we all know that Chinese have always been big investors that milk any opportunity to trade as much as they can until it is dry and they have made alot of money from its pump and dump.
It's an overgeneralisation to say that all Chinese projects are just pump and dump. Although that is a big problem here for sure. LakeBTC has been around since 2013. We're one of the world's leading crypto exhanges and we have an impeccable repuation for reliability and security. We don't plan to jepordise that by running a dodgey ICO. We're a serious business. The LakeBanker system that we're offering an ICO has been operating for 1.5 years---it already generates revenue. Despite being headquartered in China, we're really an international firm. Our team, corporate partners and customers come from all over the world. The author of that article did a lot of due dilligence our proposed ICO. I recommend actually reading some materials and some history of a project before just assuming the worst. Our Whitepaper is here if you'd like to know more. |
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As if the link provided wasn't interesting enough OP had to add the clickbait about the death penalty. And as the responses indicate most folks don't even read the link provided to discover zero content about death penalty. Maybe that's why investors need government protection from the ICO fraudsters. To stupid to even do the research.
This. It's just click bait. If an ICO is associated with true financial fraud and possibly organised crime and violence, of course the Chinese government will punish those criminals hard. They should. Legit ICOs and other financial innovation have nothing to worry about. |
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Hi, please explain what happens if until September 15, 3PM UTC more than 10 million BAC are bought. For example, if until September 15, 3PM UTC I buy 1.3 million BAC at the price of 1300 BAC/ETH and then on September 15, 3PM UTC it appears that in total 20 million BAC were bought, so then I will receive only 0.65 million BAC and you will pay back to me 500 ETH (1,300,000/1300/2=500)?
Yes, that's right. If we oversell prior to 9/15 3pm UTC tokens will be allocated pro rata and we will provide refunds. Your calculations in the example are correct. We did it this way becuase the Phase 1 price is extremely low, but there is a very small cap of 2%. So we want to give everyone a chance to buy tokens at this price. |
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We may accept other cryptos for the Token Sale. Please nominate your favourite. We're happy to announce that we plan to accept Litecoin as a payment option for our Token Sale. Trading for Litecoin will then be enabled on LakeBTC.com shortly after the close of the Token Sale. |
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