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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🔥🔥🔥⚡️⚡ [ANN][ICO]The Luxury Blockchain-Create Your Own Story. ⚡️⚡️🔥🔥🔥 on: November 11, 2018, 09:57:35 PM
This could work, trading assets in a more money-saving & crypto-based way for people with high-valued assets. But don't you think you are creating more money for the people that are already rich? So a gap between poor and rich?


Hi @GoGone,

We are talking about three totally separate business models, and only one of them reflects the situation you are exposing. But after all, we are too small to be able to change an entire industry or a whole system, but I'm looking for the other two business models to balance the situation. Although we operate in the luxury industry, you need to know that our intentions are clear, besides current consumers or industry players, gates can also be opened to middle-class people who have the right to build their own lifestyle at an affordable price.

Best Regards,
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🔥🔥🔥⚡️⚡ [ANN][ICO]The Luxury Blockchain-Create Your Own Story. ⚡️⚡️🔥🔥🔥 on: November 11, 2018, 09:48:39 PM
I see your presale will end in 1 day, if you don't mind, can you tell how many tokens have been sold so far? and where can I see the team you have?

Hi @kopisusu,

 We will make all the changes in the coming days and keep you up to date with the news regarding our team.
 
About the other question, I think about 1 million but I am not sure, let's put ± 10%.
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🔥🔥🔥⚡️⚡ [ANN][ICO]The Luxury Blockchain-Create Your Own Story. ⚡️⚡️🔥🔥🔥 on: November 11, 2018, 09:00:44 PM


I`ve got it)
Will be looking forward to the update of the WP and other docs about those additional services and its structure with the mechanism of the involving each part into this amazing platform.
But as I understand at the start You`re going to conduct the token sale only for the one part of this whole ecosystem - the investing platform or I`m wrong and plans have changed?



Hi Nadia,

On the whitepaper, we have written in the beginning what will be the entire project. The ICO will cover the entire ecosystem with current and future projects. We will make all the changes in the coming days and keep you up to date with the news Smiley
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🔥🔥🔥⚡️⚡ [ANN][ICO]The Luxury Blockchain-Create Your Own Story. ⚡️⚡️🔥🔥🔥 on: November 11, 2018, 08:23:23 PM
Very narrow in size community projects dont achieve those successes as before. For which users is this project?
For a couple of hundred people, and this is the maximum. I do not think that something normal will come out in the end.

Hi @Ivanovmoscow,

We have in the whitepaper, all the data. Before I start this project, I learned the market and I've done feasibility studies in the worst conditions.

Let me share with you some data from our industry. There Are 36 Million Millionaires!!!. Just a concierge company have around 185,000 people paying every year a lot of money having someone on the other side of the line to help them to spend millions of dollars. You will be surprised to learn the power of the luxury industry and those who are part of it. 

But our goal is to provide access, not to those with money, living their lives in luxurious conditions but to that category of people who do not have the power of purchasing luxury product or services right now.

Our plans stop at 25,000 people in the next 5 years and we are talking about creating small communities in different countries in this world.

The Luxury Bank is an add-on product that can operate on a large scale, this solution is unique, without competition Smiley


I like the criticisms that can help us improve the project and to discover questions that we may have missed to have ready answers.

Best Regards Ivanov.

5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🔥🔥🔥⚡️⚡ [ANN][ICO]The Luxury Blockchain-Create Your Own Story. ⚡️⚡️🔥🔥🔥 on: November 11, 2018, 07:39:07 PM


Thanks for response, prthel.


My pleasure!


Cool! And that co-ownership contract will be like a collateral for the lender and will guarantee of fulfilling by the follower all loan conditions and payments in terms?


Exactly.


Will the conditions of the loan be granted and recorded into the smart-contract? What would be if the borrower will break the loan conditions?


Officers from The Luxury Bank will validate the Co-Ownership Smart Contract, will cancel their voting rights on the platform as well as block any right to alienate the co-ownership title until the credit is paid.


What would be if the borrower will break the loan conditions?



If a borrower fails to pay back the loan completely, the loan turns into a default. In this case, The Luxury immediately deposits a fraction of the loan to The Luxury Bank in order to minimize the loss. Since the borrower is known and legally bound to the smart contract, the platform has the choice of collecting the debt canceling the co-ownership contract to the nearest value or simply selling the default on the Collectors Syndicate Market on the main platform to further minimize the loss.





6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🔥🔥🔥⚡️⚡ [ANN][ICO]The Luxury Blockchain-Create Your Own Story. ⚡️⚡️🔥🔥🔥 on: November 11, 2018, 05:52:17 PM

Well, you`ve chosen a good example and well known offshore jurisdiction.
But Bank To The Future is registered with the Cayman Islands Monetary Authority (CIMA) as an excluded securities business. So do you mean that your Luxury Bank is going to be licensed too as an excluded securities business?
Also in Bank To The Future platform investments can only be made by members (usually accredited investors, funds, brokers etc). What about the Luxury Bank, would it be possible for every investor which have enough money for buying the fraction of the item to participate? 


Hi Nadia,


For the main activity, I chose Switzerland, the ZUG canton, in order to apply a prudent approach to regulation, we are working with local law firms and regulatory experts to define an appropriate level of legal and regulatory consideration suitable to our project.

For The Luxury Bank, we prefer to have a full banking license because in the future we may extend our area of interest.

The process is simple, The Luxury Bank can be used as a lending institution only if you previously used The Luxury platform and you own a co-ownership contract. With that Co-ownership smart contract, you can apply to The Luxury Bank and, voting & transfer rights will be blocked without affecting portfolio assets in exchange for up to 80% of the value.

7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🔥🔥🔥⚡️⚡ [ANN][ICO]The Luxury Blockchain-Create Your Own Story. ⚡️⚡️🔥🔥🔥 on: November 11, 2018, 03:14:59 PM


That would be nice. Please add their profile links when you publish that, not only their photos and names. Thanks.
Yes, the soft cap of $12M is actually big enough already to fund any project. But in case you will not achieve such amount, are you going to push thru the project or return the funds to the investors?
Also, where will you register your Luxury Bank, is it in the UK or in Dubai?



Hello @TimeTeller,

I decided to have jurisdiction in Cayman Island being in the top of the jurisdictions granting banking licenses.
 
Also, this lovely project is there  https://bnktothefuture.com/.

Regarding your question, I can say that even we will not achieve the full amount, the project will go ahead, it's already a challenge for us to see this project implemented. Already a couple of big investors have shown interest, it's up to me to give it the right direction and I believe in my vision, I believe in the blockchain technology, I believe in the future mass adoption and I want to overcome all the obstacles that will appear. I am positive and realistic at the same time. Best Regards.
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🔥🔥🔥⚡️⚡ [ANN][ICO]The Luxury Blockchain-Create Your Own Story. ⚡️⚡️🔥🔥🔥 on: November 11, 2018, 02:41:12 PM

Also noticed that reading is not very nice on this background,I would advise you to change the font color to the guys,and then will read a lot better, as well as the site of the guys is very good and clear.

I like when I get suggestions  Cool  I asked to change the background with something appropriate, thank you.
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🔥🔥🔥⚡️⚡ [ANN][ICO]The Luxury Blockchain-Create Your Own Story. ⚡️⚡️🔥🔥🔥 on: November 11, 2018, 12:08:44 AM
As of now, is this a one-man owned company?
With this kind of luxury business, he should have others to take care of other things.
Unless, he wants the biggest share of what he's about to get from this ICO alone.
And checking his company doc -

Since he's the only one running this project, the percentage for founders and team as well as advisors will be received by him, which sum up to 11%.
The 38% reserved, who knows who will get it, right?


Hi @TimeTeller,


I'm glad I have a chance to explain to each one, the unclarities that appear in time.  I would like to announce that in the coming days, you will see on the website and in the Whitepaper my team and some advisors. I had to make some moves because some of the members are employed in different departments that belong to our group of companies. I just wanted to avoid any conflicts of interest.

As for the distribution of funds, I assure you that they will be distributed wisely. There will be 9% for the founders and the team, the team you will see in the coming days Smiley

The 38% reserve will be used to cover the funds needed to run the platform https://theluxurybank.com  through a private guarantee program, and the funds will remain intact without any founder having access.  I think the soft cap is reasonable for building and operating both platforms if we compare with other much smaller projects but with much larger demands.

10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🔥🔥🔥⚡️⚡ [ANN][ICO]The Luxury Blockchain-Create Your Own Story. ⚡️⚡️🔥🔥🔥 on: November 10, 2018, 11:51:10 PM



I `d say an interesting turn in the development of the Luxury project.
So it will become from the fractional investment platform also a loan platform???




Hi Nadia,

Yes, from the beginning I specified that we have great plans and I am very confident that we will be able to bring a whole ecosystem in the luxury industry using blockchain technology.
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🔥🔥🔥⚡️⚡ [ANN][ICO]The Luxury Blockchain-Create Your Own Story. ⚡️⚡️🔥🔥🔥 on: November 08, 2018, 03:27:21 PM
Hello everybody,

I want to make a series of updates to the current topic and an announcement regarding the evolution of our project. We managed to put the BETA version of the presentation website live, and we continue with small changes to the final version. The website can be found below:


Maybe not everyone can understand The Luxury's project, so I'll explain it in a simple way.

What is The Luxury?

The Luxury will be a fractional investment platform set to launch in early 2019. The platform brings potential buyers together to jointly invest in luxury assets. We can say here, March 2019.

There will be a number of categories on The Luxury platform, such as private airplanes, luxury cars, holiday properties, famous paintings or jewels rated as fit for investment.

We take for example a private plane, Hawker Beechcraft 800XP which costs around 1.5 million $. Starting from the category where possible assets are listed, the interested investor must initiate a syndicate, and from that moment, the syndicate remains open until the entire sum is collected but not longer than 31 days. Once the syndicate is started, The Luxury divides the asset into 1000 blocks, each representing a zero point one percent (0.1%) ownership stake.  If all 1000 blocks are reserved, The Luxury will then purchase the asset on the syndicate’s behalf. The result is certified and the individual shares are put on the blockchain to be registered and be tradable thereafter.

What is associated experience per block?

In our private plane case, 1 block is equal to $ 1500. At a minimum of 25 reserved blocks, the Book Now button will be activated for the investor profile then he will be able to book flights with that private airplane, subject to availability. Let's not forget, we have the airplane itself as value, we have real experience, and the plane will be included in the business circuit to operate around the world in a private regime that will generate profit which returns to investors.  
In the control panel of each member, will be a voting panel for each asset to decide whether the asset remains in the portfolio or can be sold.

What is the role of https://theluxurybank.com?

As an investor on that private plane, he will receive a co-ownership certificate. On the available assets panel, he saw a villa located in Saint Tropez, which he likes a lot, and he want it in his portfolio but for now, he does not have money for other investments. Here we come to help using The Luxury Bank which will block the right to vote and the right to transfer the co-ownership certificate of that private airplane and will credit the wallet by 75% of the previous investment, without affecting your co-ownership.

What is the result?

Now, the investor is a co-owner of a private plane and a villa and can use it in real life depending on the availability and the amount invested. He will receive dividends from both investments that will go to the amortization of the loan. Examples can continue, blockchain technology helps us diversify our work patterns. In the coming days, we will come back with updates, we will announce a series of partnerships and I hope this community will help us, at least with constructive ideas.

Disclaimer

In this topic, messages may contain “forward-looking statements” within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company’s expected future business and financial performance, and often contain words such as “anticipates”, “beliefs”, “estimates”, “expects”, “intends”, “plans”, “seeks”, “will”, and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this topic are expressly qualified by such cautionary statements, risk, and uncertainties, and by reference to the underlying assumptions.


Best Regards,











12  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🔥🔥🔥⚡️⚡ [ANN][ICO]The Luxury Blockchain-Create Your Own Story. ⚡️⚡️🔥🔥🔥 on: November 04, 2018, 12:10:12 AM
If you have been in the market for quite a while already, why is that there are no team members behind this project? I checked also the whitepaper, but to no avail. This kind of endeavor is very enticing to many people, as presented on your wp, but you need credibility to be in place. And one factor that will aid that credibility is to show who is behind such project. Also, do you have old website links other than this new one? You said, it was founded in 2014.


I chose to answer you at the end because it is a sensitive point, which I want to clarify.

Yes, we have https://the-luxury.ae which is also split in the descriptions covering all our activity areas Smiley

I apologize in advance to some members of this forum who have outstanding results and do a good job in Crypto community but we are approaching a different strategy. It can also be a negative point of the job we have because '' When it comes to luxury, being unique is what counts, not any comparison with a competitor. Luxury is the expression of a taste, of a creative identity; luxury makes the bold statement “this is what I am,” not “that depends”– which is what positioning implies. Identity is not divisible, it is not negotiable– it simply is. Luxury is superlative, and not comparative.''

Who created the blockchain technology, beyond the technical purpose, had a vision, that vision to change the world, to restrict the access of those who lead the world to implement their solutions and to control our lives. I do business, I can choose the cheapest option if I have the same result.
I do not need to pay 10 BTC to the advisor because it can influence the market with his name, I prefer to pay $ 500 to a law firm because the law is the same. I do not put my team of developers because I prefer to work with freelancers in different parts of the world for financial reasons, but also for the confidentiality and security of the project. I do not want to keep all the eggs in the same basket. So is the blockchain technology, right?

You know, over 1000 ICOs are dead or scams as per TechCrunch report for 2018. more than 75%, They had beautiful pictures in whitepapers and on their websites. What does that help? The moral, legally responsible for an ICO is the creator of the project. https://ae.linkedin.com/in/catalindascalu My profile Smiley


First of all, those who choose to invest in such projects should carefully look at the initial strategy because is a clear sign that it will not be a sustainable business if you choose to pay huge sums of money just for the image, though, you are at the beginning of the road.

I will give you a clear example https://bitcointalk.org/index.php?topic=3713371.0 , see, very nice team and how many members and if you read all the pages you will find top international advisors. Guess what, the ICO is suspended and all these people https://bitcointalk.org/index.php?topic=4085081.0 they lost months working for free.


I want to grow this project with you, not just with your money. Thank you.
13  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🔥🔥🔥⚡️⚡ [ANN][ICO]The Luxury Blockchain-Create Your Own Story. ⚡️⚡️🔥🔥🔥 on: November 03, 2018, 11:32:01 PM
This concept is unprecedented, just when I think blockchain project have covered almost every thing I discovered this. Art, wine, yatch, fine living....

We have this ''trend'' called blockchain that gives us an opportunity and I believe that each of us should use this opportunity to optimize our industry and bring added value to the communities we are part of.
14  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🔥🔥🔥⚡️⚡ [ANN][ICO]The Luxury Blockchain-Create Your Own Story. ⚡️⚡️🔥🔥🔥 on: November 03, 2018, 11:25:01 PM
Hi!
Was surprised to find out that it is almost the first blockchain project that manages the process of investing in Luxury items, than managing to maintain all support services for such items, significantly reducing costs that are usually paid for this. All this could be satisfied with much more convenience and anonymity to its clients, thanks to the blockchain. Am I right?


The experiences gained in the luxury industry and the profiles of our clients, helped us identify a major problem. At this moment everyone talks about decentralization but if you take a look at the luxury industry, you will find that there are very few players on the market and they control everything. I think I can answer the question, can this project work without the blockchain technology? The answer is, no! Our goal is to use the blockchain technology in such a way that everyone from the middle class will have access to the luxury.
15  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🔥🔥🔥⚡️⚡ [ANN][ICO]The Luxury Blockchain-Create Your Own Story. ⚡️⚡️🔥🔥🔥 on: November 03, 2018, 11:10:24 PM
If you have been in the market for quite a while already, why is that there are no team members behind this project? I checked also the whitepaper, but to no avail. This kind of endeavor is very enticing to many people, as presented on your wp, but you need credibility to be in place. And one factor that will aid that credibility is to show who is behind such project. Also, do you have old website links other than this new one? You said, it was founded in 2014.

Indeed need some clarification as the company - THE LUXURY NETWORK LTD (11491441) was incorporated on 31 July 2018 with the director Constantin Catalin DASCALU.
Here is the link to the public registry - https://beta.companieshouse.gov.uk/company/11491441/officers

Hi Nadia,

The Luxury Network LTD was established on 31 July 2018 to be used as a headquarter offering individual operating licenses on different territories for our main business. Until that time, we have been working on a license issued in the United Arab Emirates. We have made this decision strictly to optimize the way we work, and for better jurisdiction with regard to the services we offer.


16  Alternate cryptocurrencies / Announcements (Altcoins) / 🔥🔥🔥⚡️⚡ [ANN][ICO]The Luxury Blockchain-Create Your Own Story. ⚡️⚡️🔥🔥🔥 on: November 03, 2018, 06:53:28 PM

Sharing the art of living well





     The Luxury is a global concierge company founded in 2014 by Constantin Catalin Dascalu. The company is headquartered in London and operates 6 offices worldwide.  The Luxury is a member-only "luxury lifestyle management service" that provides concierge services including travel bookings, restaurant recommendations, and access to events. The Luxury includes 4 brand services, including Lifestyle Management, Influencers Talent Agency, Retail, and The Luxury Academy. In 2018, the company was estimated to have about 2500 subscribers, including 12 billionaires.


     One of the most talked about markets worldwide is that of cryptocurrencies. On November 3rd, 2018, the market’s capitalization was estimated to $206 611 billion revealing exponential growth over time. Over the last few years, we’ve watched in amazement as the market for tokenized blockchain based assets has exploded.  Literally from nothing a few years ago to more than $6 billion in the first 3 months of 2018, but the reality is the majority of utility and security token offerings are nothing more than a good idea and a whitepaper.

     After seeing this up close we came to the conclusion that the greater opportunity isn’t just in hypothetical businesses but real-world assets. Over the last several months we’ve extensively researched the space and discovered a huge opportunity to fractionalize hard to access assets also known as illiquid using blockchain based technology.

     From a high level, an illiquid asset refers to the state of a security or other asset that cannot easily be sold or exchanged without a substantial loss in value. Some examples of inherently illiquid assets include properties, luxury cars, yachts, fine art, private jets or watches.

     Though these items may have inherent value, the marketplaces in which they are sold often have few buyers in comparison to those interested in the purchase of more liquid assets. The market for luxury assets is potentially a multi-trillion dollar market. The global private equity market alone is a $4 trillion.

     This is where The Luxury comes into play. Our goal is to use modern blockchain based technology to unlock a vast world of assets that were previously inaccessible.

     The Luxury will be a fractional investment platform that will bring potential buyers together in syndicates to purchase luxury assets that they may not be able to afford on their own.  Pre-sales is open, ahead of its retail launch in 2019. Unlike other fractional investment offerings, The Luxury is the first to give a choice of investing in any available asset, anywhere in the world.  Investors can even choose to use the asset they co-own. Once they will register on The Luxury platform, investors will have the option to search and view any asset for sale worldwide.  They can set up their own investor syndicate with friends, family or workmates or they can choose to join a syndicate of other seasoned investors. Once the syndicate is full, The Luxury will purchase the asset at market price and will administrate for an annual fee of $1000 per syndicate asset owned.  The owners of the coins can use them also as a corporate currency to pay for various The Luxury services.

     Once the syndicate is started, The Luxury divides the asset into 1000 blocks, each representing a zero point one percent (0.1%) ownership stake. Investors then reserve the number of blocks they wish to purchase by paying a zero point one percent (0.1%) deposit of their total investment amount.

     If all 1000 blocks are not reserved within 31 days, the syndicate closes and anyone who has put down a deposit then gets the option of choosing another syndicate to join.

     If all 1000 blocks are reserved, The Luxury will then purchase the asset on the syndicate’s behalf.

     Once the asset is purchased, The Luxury will engage a service provider to attend to the conveyance and, upon settlement, the asset will be held in a trust, which all of the investors hold an interest in that is proportionate to the number of blocks they own. An individual trust is created for each asset purchase, so there is no co-mingling of interests. The asset is held by the trust for five (5) years, during which time investors will be paid their potential share of the rent, less fees and expenses, on a quarterly basis.

     In the case of an Invest & Rent Property syndicate, the person who started the syndicate can also apply to be the property’s tenant. After five (5) years, investors vote to either retain or sell the asset– hopefully at a capital gain. For an Invest & Rent Property syndicate, the minimum investment is 5% percent of the property purchase price, plus costs and stamp duty. The successful applicant will have a 5-year tenancy (subject to terms and conditions).


27th of October 2018 / 2PM UTC to

13th of  November 2018 / 2PM UTC

15% Bonus on any purchase amount



14th of November 2018 / 5PM UTC to

5th of January 2019 / 5PM UTC

7.5% Bonus on any purchase amount

We are happy to announce that we are well on our way of reaching our milestone and The Luxury community is growing at a rapid pace.  Now anyone can buy The Luxury Coins online right within our website for USD, EUR, BTC, ETH and 80+ cryptos.

Do not hesitate to come up with suggestions, ask questions, or criticize this project, I think only together with a common goal, we can move with The Luxury from an idea, to success.

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