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I think for this business model it is all agile. On pre-ico's business model things are working, I am not sure about the pre-ico numbers; but it seems to be working and growing healthy. With post-ico i think the founder has cleared that it would depend on how the market would perform to actually fix the actual numbers. It is good that concerns are stated; he will have to experiment and study the data generated from the post-ico traction and amend accordingly. Businesses should be flexible to change and I don't expect any ico to stick to every word in the whitepaper. The businesses operate towards a bigger goal, and is making money. Anything that could stop that or minimize that should be eliminated or restructured that is why in many cases we see ideas come out as one thing and pivot to a completely different thing; take groupon for example it started as a whole different thing. My point is change is core for the success of any business, fees are no exception. Paypal has high fees but many justify that to the services and guarantees they get. fees are always debatable and I think the deciding factor would be the performance of the business with those fees.
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Dear contributors and followers! Our project has been reviewed by one of the most popular resources www.icorating.com and it has been ranked with the highest "Positive" rating. Very nice and promising to get such a high rank from professionals in the industry! Thank you!  I understand many like the summary of everything so I understand why many value ico rating sites. My personal preference? I honestly prefer my own diggin; I really do not trust much of the ICO rating websites. I think 47bank's whitepaper is simple enough to understand and assess. It is always easier asking the team for vague or unclear points. The whitepaper is well organized; simple to understand, read and well designed. the best part is it is not a "too long to read". |
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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.
oh cool three days for the presale i believe the luxcess team will reach their pre sale goal shorter than the 3 days set for it. i have seen massive interest in the project. Luxcess is more of an investment platform with various plans to boost their portfolios, ranging from cryptocurrency to forex trading , the benefits of such is the diversification that will help the projects bring in multiple streams of income, you can visit the first page of the thread and go through their whitepaper This is one of the main selling points, the fact that it has a big range from not only cryptos but forex trading aswell. This will bring in people from the forex side of things aswell as cryptos. Indeed forex and crypto combination is very attractive. But there will be huge hurdle and challenge in both the markets as both have different regulatory issues. I am curious how Luxcess will solve this. I think given enough funds they could manage something. Europe is a great place to start since they are more accepting of crypto and the regulations somewhat favor seamless adoption of crypto; you can quickly start with fiat and you will just have to be smart about crypto. |
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Well at first sight the coin seemed to me very interesting. Price now it seems attractive. But looking at the exchanges as that not really impresses, all a little weak. Tell whether additions of larger exchanges for exchange are planned?
The Titanium project only just got listed on HitBTC, it is not somthing to rush into to get listed on loads of different exchanges, the team are well aware of this and they assured us that more exchanges will be listed in due time. Now just a waiting game. Won't take long in my opinion Michael is very active on both fronts; the development and business; he is actively working on partnerships and getting more titanium out there at the same time we should be expect an MVP in the upcoming month; I think exchanges seeing all the progress would might be able to initiate something. |
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I like the international Dubai meeting 2018 very much it is very professional and also i believe that it will grow very fast and be around 0.50 in the start already instead off 0.15.
Any live coverage of the event? I want to see the team perform. I think it would be very helpful to see the team talk in-person; the most valuable to everywhere would the QA; Would say alot about the team and their ability to answer. |
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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  They are still incorporating the EU regulations like the PSD2 where entities need to provide an API; You can create any application on 47bank that suits your needs and still conform to the rules and regulations. They are based in the UK. |
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I think the fees can be restructured as the project develops; if the fees are high there would not be much traction there and the team will be forced to change that; I think the fees is something that can restructured with ease especially if most of the community addressed that as an issue the team will listen. However I think one major advantage that is not getting much attention is the fact that they have traction generated before the ICO; so we know the product works and growing. What is more is the 1 mil seed investment. Landing a seed investment with that value (1 mil) is basically valuating the company at a some millions; not sure what equity is owned by the team but it is not easy securing that fund when you are a seed; If you are raising round A or B maybe we can say that that amount translated from the profit evaluation but you are speaking of a seed investment, not many startups get funded at that stage with that much money. That should mean something.
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And another partnership comes  partnership with Voise!!!CEO Michael Stollair will be now a Technical Adviser in Voise project   A mutual partnership that is great. Voise getting Michael as a technical advisor says alot there. So they know how valuable Michael is technically and can actually direct them in the right direction. Well done Titanium. Hope to see more of this coming. |
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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/TÜV is not an authority, it is a company. They specialize in certification of management systems, personnel qualifications, products and data protection, such as Savedroid. TÜV proof, only states that an external company has checked that all the policies regarding data protection are correct and they comply with the regulations. I think it is easy to mix up certified and compliance. There is a vast difference between the two; usually to get certified one should pay them $$ being compliant it means you are operating according to a set of standards and requirements. To get certified usually requires the certifying entity sets up an office at destination and monitors for a set period of time. It is great that savedroid is trying to comply with the ISO standard. |
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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
It is a good thing they have acknowledged that and working on the fix. Legal work is by far the most critical; It is good they let us all know that that has been the priority recently just so no one would get weird ideas. |
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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. That's good idea Ganeshramk has suggested. 47Bank have kept some other payment methods like VISA/Master card so why we should use our another crypto currency options and spend extra money to buy ICO. It would be better if we should use that another payment method. I have tried to buy FSBT with Credit Card, but for about 1000€ I have to pay 5% commission for credit card, 5% commission for Paybis and addtiononal 0.19€ for FSBT. So for 1000€ I only get Token with a value of 899,81€ or 323.78170801 FSBT. That's the problem with buying on credit cards, there is a high interest and with such a volatile market this is why Lloyds Bank have cut down on credit cards due to this matter, people investing in a volatile market and losing money, along with paying the interest on the card. When I use credit card, I just use it for making my transactions easier and won't take it as loan. I also repay this to the creditcard company in 1 or 2 days time. In that way, its only some commission we pay it for the exchanges. Its applicable for all cryptos or even outside crypto to save this interest cost. If we do like that for FSBT tokens, it will not be that expensive. That is a sensible and smart move to be able to use the credit card for cryptos, if you're paying it off within 1-2 days you wont be paying much interest at all, and only inccur the inital deposit fees which isn't too bad. Interesting times ahead though with Lloyds Bank stopping cryptocurrency purchases with credit cards. A good idea for some more publicity and investors, it may be a good idea to get some more promotion on social media, such as twitter/reddit. I haven't seen a great deal on the twitter front for 47bank. I think it will certainly help raise some more funds for the main sale That would be a great enabler for many to start using crypto even internationally. I think it is one of the most painful experiences out there having to deal with fiat and crypto at the same time. |
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With the new directive that obliges all the EU banks to open access to their infrastructure via API for third parties. Forty seven bank plans to take advantage of this issue and create a Multi-Asset Account; an application which will allow you to get to all your accounts in different banks, to all your cryptowallets and to all your investments. With this one will be able to manage finances, transfer funds here and there by using only one single application which will make life easier and more effective.
can't wait to see this live and in action it is crazy having to deal with each bank separately and accessing their portals every single time you need to do simple operations. In crypto imagine having to deal with each token separately (check their prices....etc) or have a portfolio that shows all tokens and their performances; the latter is way smoother now imagine that with fiat. Great idea. |
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I will admit I hadn't heard of the famous investors before, but I've done a little research and I understand they're a big deal in the German fintech industry.
Sebastian Diemer is a successful investor and he has been the CEO of a number of companies, most recently he's the CEO of Finiata, they provide funding for SME's and Freelancers from a range of different industries.
Hanno Fichtner is also an investor who is the founder and CEO of Gabi insurance in San Francisco. They review customers current insurance and finds you the right coverage at the best rates.
Felix Haas is a German entrepreneur and investor who is the co-founder and founding partner of 5 different businesses, he is also on the supervisory board at Lottoland and he is the chairman of Bits & Pretzels which is Germany's biggest founders event.
Daniel Hopfner is also a very well known investor in Germany and he is the Founder & CEO of 3 different companies; PressMatrix, IDEA Consultancy & B10.
A great list of well known investors, if these successful entrepreneurs have bought SVD it should be a good reason to invest!
You did way more investigation than i did I looked up sebastian saw he was legit, and assumed the rest were good, the fact is the people spreading FUD are just doing it to either just spread fud cause there children trying to make trouble, or their investors trying to get people to dump to their buy orders. People in fintech willing to put their face on investments seems to be a pretty good sign that they at least have some faith in what the team is attempting to pull off. Way more than enough to reassure my mind But thats me as i always say everyone needs to do their own investment investigating till their comfortable. Yeah I just wanted to find out a little bit more about them and I was impressed, they have great track records and a good history of investing in successful businesses and ideas! Obviously because these guys have invested doesn't mean that we should follow them without doing any research, it's incredibly important to DYOR. Savedroid clearly look up to Sebastian, Hanno, Felix and Daniel and they must be really pleased that they decided to invest. I have already done my research and was already impressed by Savedroid project, and now this big investors investing in SVD is good news for me. But still I will only money which I can afford to lose. My plan is to buy in parts depend on project progress. That is the best plan with any investment; at times when a project is great it can be worth an added risk if it can be afforded. The team done a great job so far especially with the constant updates. I think the team can consider timely updates maybe a 5 min video twice a month or so? just a proposition. Great stuff so far. |
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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.
3 days! the team must be aware that Luxcess have a lot of interest, this is a good sign to invest and purchase some LXC tokens at a good price with the 12% discount on offer during Pre-ICO. Ya seems their confident in the presale from their initial advertising, plus i guess its also the fact that their opening it up wide, its gonna be basically a short term free for all to grab the biggest discount possible. 72 Hours is a good bit of time to also help them test the waters and adjust for any work they need to do once the actual full blown ICO happens. Yes Luxcess has definitely stepped up its marketing game, they corrected a lot of the errors that once appeared on the whitepaper, the website and other comms. This obviously has helped bring a lot more attention to LXC and hopefully the demand will be even higher before 01/03! Ya they had a number of missteps and small mistakes early on but over the last few weeks they really stepped up their game, the fixes across all of their communication and the fact they actually have some solid advertising/marketing is gonna greatly improve how fast the ICO's will hit caps. I've really started seeing luxcess more outside BCT in forums and twitter etc, so its a good sign that we'll see a good uptick in sales on presale day and hopefully continuing into the actual ICO. That boosts confidence knowing the team is constantly enhancing things and accepting feedback. Well done team. I am sure there are great announcements coming out soon. Hope to see more posts on how Luxcess is different I know that would really make luxcess shine. |
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Happy to see BAR listed on a proper exchange, with more to come.
Ignore the FUD postings guys, if you quote them it just spreads the FUD further down the thread and gives them what they want....attention. Always going to get a few clueless idiots no matter what project it is, best to just click that ignore button and move on.
Yeah definitely, I haven't seen too much FUD about Titanium but you are right it is best to ignore it, we see a lot of idiotic comments on these threads trying to put down projects, its mainly jealous people that didn't invest in ICO. It is their problem that they didn't invest in it. The tokens were just available in the store if you paid attention. They are really fast with the exchanges i know some Icos who have trouble with listing their coin. We all know why many spread fud; missing out on great projects makes some do wonders lol. I don't think Titanium would be effected with fud much; I think the progress has been timed correctly; I am eager to see the MVP out around march. |
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i thought its been listed long before now? i am particularly waiting for binance listing  Binance is a really big exchange and every new coins want to get list on their platform. The waiting list is very long for Binance so I don't think we are going to get on this exchange anytime soon, but maybe in the next 3 months ? But right now we are on 4 different exchanges so it's a really good start ( Idex, Ether delta, Fat btc, Hit btc ). Now they need to focus on building a good platform and get more partnerships. It is not easy to be honest listing on binance; It has been a while since I last seen a new coin on binance. I doubt it would difficult for titanium to list sometime in the future; but now I think it should a priority to get the MVP out; and maybe kucoin too  |
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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? I believe it’s part of their way to have a deflationary model to decrease supply which raises per token value as part of their fee structure if it works as I believe it does it’s. A great way to gate the burn and drive increased scarcity in the system I don't think that should be the case; probably there is something missing. I am not sure how investors would react to that to be honest. I think luxcess group have considered several options just hoping to hear their take on this. |
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Great move from the team; I thin it is a really confidence booster publishing the milestone the known contributors. Well done. It is going well so far. It is expected given you guys were able to generate traction in the first place. |
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wow guys there is a lot of features forty seven bank is coming up with.. just read in their white paper a plan to not only be the bank of cryptocurrencies and fiat but also be rating agencies for ICO projects by providing open source due diligence and also help projects with escrow services and smart contract development.. wow this is huge for both investors and oncoming projects you can see again how detailed the whitepaper is. I did not read that at all. I think that's great. If you want to start an ICO, they will help you in every step. This makes it easier and may also lead to poorly prepared ICOs, as often seen, disappearing from the scene Yeah the whitepaper is really insightful with the features Forty seven bank presents one can engage in good icos just like Faulerwilli highlighted I just hope forty seven bank can implement all their features successfully It is very simplified to be honest. Straightforward too. There is alot of emphasis on what makes 47 different. You will find much details about the API and compliances and how it will support regulations in the UK. |
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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 It is not easy for many to actually go through the advertised material out there like the whitepaper or the interviews conducted; they want to be fed that information. I think Michael and the team of course have done a great job on this one and plus in the video interview there would/should be able to some MVP around march. |
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