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They are offering lots Innovative products for everyone, like for example, Cryptocurrency transactions within bank’s application, by using mobile applications, clients will be able to buy and sell any type of digital currency at bank’s internal exchange with low fees and a very negligible waiting time.
that is one of my favorite points in this project. and that you can link the tokens directly to your own account. That makes buying and selling much easier. I'm really looking forward to opening a 47BK account. unfortunately it will take some time Is it possible for anyone to open 47bank when it become available? Or is it country specific? It will be not be easy task to maintain bank account from completely different country in practice right? This would also be very much complicated. I am not sure how this will be executed.. They said that their services would be available to all countries except "sanctioned countries". I tried to figure out what does it mean but I didn't find any information on their website. Tried asking here but got no response. I also think that maintaing bank accounts for people all over the world is not practical, atleast not in the beginning. Maybe they will focus on EU countries. |
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As an early investor, it’s really upsetting that the company misled investors by stating there was a fake 20% bonus. First off, building it into price is rudimentary and secondly, the fact that the “bonus” lasts the entirety of the ico is insulting.
I thought bonus here is a good thing.. Don't get how and why it is insulting... This is too make every investor have equal or almost equal status after purchasing the tokens. I am also not getting his point. How Bonus is insulting? Or he mean to say that why bonus is for whole ICO period. This Bonus should be for only limited days and not for whole main sale period? If the bonus is given during the entire ICO then this is no logner considered a bonus is it? People might have been tempted to buy early to get the bonus. Maybe they sold other tokens to get the ETH to invest which they wouldn't have done if they could wait several weeks with the investments. However, I don't really see the problem here as the 20% bonus won't be for the entire duration of the ICO. |
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i saw on their website that svd will be listing on hitbtc and is it right? I just want to make sure of it but I will always support every decision of the sevedroid team
Yep, SVD will be listed on HitBTC 100%, and I'm hoping they will push on for binance or bittrex, some big exchanges which can give the volume which SVD requires. It's a good exchange for Savedroid to start off with and it will help build up the volume and get SVD onto coinmarketcap, from that point they can start trying to get listed on bigger exchanges like the ones you mentioned. HitBTC it's good exchange and have good volume also for new ICO. To list on any bigger exchange they need some specific marketcap. For example if any coin/token have more than 50k marketcap, so we can see that listed on coinmarketcap.com what are the conditions for coins / tokens, enter HitBTC exchange Usually there are no real requirements to get listed on hitbtc besides a relatively small payment. They make their money from ridiculously high fees compared to other exchanges. For this reason many ICO's choose it for the first exchange as it helps increasing the trading volume for a pretty small investment. |
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What is the current state of this project? Is ICO about to be finalized or will it continue until April? What about the bounty distributions?
You can see this information on the 47 Bank website: https://www.fortyseven.io/ICO ends in 39 days on 31/03/18 or when the hard cap is reached. Hard cap is 36,000 ETH. 47 Bank has sold approximately 6,400 ETH. Wow... 30000 more to go... We can do this there is still much time left so i am not worried 30.000 ETH sounds very much. i have no idea why the ico is progressing so slowly. The 47BK-Project is really amazing, there is no minimum to participate, whitepaper and other documents are more detailed than I have ever seen and the future prospects are outstanding. I have no problem being one of only a few participants, but 47BK deserve more participants Token sale progress looks slow but more than 31 days remaining. And FSBT is now trying to take care of marketing also, Organizing developer meetings in different part of the world is one of such initiative. It is a good initiative as it may be able to boost sales of the token. because until recently the sale of tokens is still insufficient. This is good but certainally not enough. They need to do some serious advertising in social media and on websites like coinmarketcap and others. That is the best way to draw more investors to the project. |
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Do any of you guys know which potential exchanges Savedroid will be listed to ? Would like to know, because i saw only Hitbtc on their site, and i don't use that exchange.
I don't believe they mentioned potential exchanges at this point (although I might have missed it). They probably focus on the ICO right now and will contact exchanges when it's over. |
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What is the current state of this project? Is ICO about to be finalized or will it continue until April? What about the bounty distributions?
You can see this information on the 47 Bank website: https://www.fortyseven.io/ICO ends in 39 days on 31/03/18 or when the hard cap is reached. Hard cap is 36,000 ETH. 47 Bank has sold approximately 6,400 ETH. Wow... 30000 more to go... We can do this there is still much time left so i am not worried 30.000 ETH sounds very much. i have no idea why the ico is progressing so slowly. The 47BK-Project is really amazing, there is no minimum to participate, whitepaper and other documents are more detailed than I have ever seen and the future prospects are outstanding. I have no problem being one of only a few participants, but 47BK deserve more participants This is just a matter of marketing and advertising. I like when projects focus on their business model and technical stuff first because it shows that there is something behind the fancy words, but they must not forget about marketing as they will get nowhere without doing it properly. |
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The last 10 days of the ICO have begun. It's time for something FOMO :-)
If you have not bought tokens now , then you should hurry. You don't want to miss this
10 days left and they have sold 3,719,808,460 SVD. i think they might be closing to sold around 4 billion. but as the remaining days, i think they will not reach the hard cap. You never know. Usually in the last days of an ICO there is a big spike in the token sales. If they sell more than 4 billion tokens 48 hours or more before the ICO ends, there is a good chance they will reach the hard cap, or atleast get very close to it. Well, I doubt that the hardcap will be reached. For Savedroid to reach the hardcap there have to be some huge investors to put their money into the ICO. But even if 'only' 4 or 4.5 billion tokens get sold, it'll be an awesome result. We are talking here about 40 million raised! That's a huge success, if you ask me. I don't know why everyone everyone is worried about savedroid reaching the hardcap 3.7billion sold tokens is already a big achievement with the current market state.. Can't speak for other people but the reason I want the hard cap to be reached is simple. It creates huge hype around the project, and shows there is a big demand for the tokens. This usually results in price increase when the token is listed on exchanges and also prevents people from dumping their tokens as they figure there will be demand from people who didn't have the chance to buy them during the ICO. |
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Guys will Forty Seven Bank’s future banking services be limited to just EU residents alone?
Most services will be available to everyone except Sanctions countries How do I know if my country is a "sanctioned" country or not? Is there a list somewhere where I can check which countries will be supported and which won't? |
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The last 10 days of the ICO have begun. It's time for something FOMO :-)
If you have not bought tokens now , then you should hurry. You don't want to miss this
10 days left and they have sold 3,719,808,460 SVD. i think they might be closing to sold around 4 billion. but as the remaining days, i think they will not reach the hard cap. You never know. Usually in the last days of an ICO there is a big spike in the token sales. If they sell more than 4 billion tokens 48 hours or more before the ICO ends, there is a good chance they will reach the hard cap, or atleast get very close to it. |
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I doubt he has, if he had actually invested - he would know what to do in regards to contacting an admin, not just write SCAM SCAM on the forum... Just another guy spreading fud i'd imagine
99% of the problems that such people have with their token balance are caused by their own stupidity. But before you think and look for causes, you prefer to scream in the forum or he is as you said jusd spreading fud... I don't think he really bought any tokens, this post looks like someone is trying to spread FUD here for some reason. I never understand those people, even if they somehow benefit if this project fails, those posts are surely the most stupid way to do it. |
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Can you pay with fiat money on this ICO ? Or can we do it after ICO. I see on the site that you can pay currently with ETH, and Bitcoin.
I doubt you can purchase Forty seven token with fiat money i think ETH and Bitcoin is the payment medium as stated on their website. If one can purchase Forty seven token with fiat money i will love to know also I think at one point Forty Seven Bank were accepting payments in fiat through the Paybis service. I wonder what happened there and why they stopped accepting Fiat. You were able to buy with FIAT, but only with Creditcard and then Paybis. The Fees were about 10%. On the Website was a SEPA Logo too. Don't know why they removed the the FIAT payments. So they actually accepted FIAT ? Damn why did they remove it. It was a good payment option for those who didn't have any crypto. Maybe one of the team members can answer this ? We don't remove it. Just at the current moment, we have several technical issues with the credit card, but we will make an announcement very soon when it start working. That is very good news, I think it's the right move to keep the fiat option open. Many people (including me) don't always have BTC or ETH available and this way we can avoid the trouble of buying more and pay high fees and instead just pay directly with a credit card. |
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What I like the most about this project is that with biometric data you can prove your identity all over the world, with the blockchain you can send funds with proven identities both sides included, this is useful for tax administration
yes, that could be really interesting. However, I wonder how they ensure the security of this data. Imagine a hack of the biometric database, that would be the worst thing that can happen There are safe ways to store sensitive data such as fingerprints and other biometric data. Usually the data is hashed and only the hash is stored in the servers. This way if the servers are hacked, there isn't much to do with the hash since you can't produce the original data with it, only validate it. |
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It does not look as if the americans are investing heavily in Savedroid. the counter does not move very fast anymore. But no wonder, with the minimum requirements that require the law in the US.
But people from other countries: You should not miss the chance on Savedroid
The counter shows some interesting countries. The popup that shows the contributions I was surprised to see the variety of contribution locations; It is really great knowing savedroid has had/having that spread. Amazing. Lol, the pop ups are like motivational pumps to me, i literally stare at them for minutes, that's like an adrenaline booster  , the joy that comes with it is intriguing, is a good thing to be part of something great, lets just be optimistic and support savedroid, the project has every reason to be successful Yeah mate i see pop ups from different countries purchasing SVD token per second even saw my country pop up twice . I don't expect to see lots of purchase from Americans i learnt only accredited investors are allowed. I always prefer when there are many small - mid range investors and not too many whales. This shows that many people actually believe in this project. Usually when there is a big community behind a project it has higher chance to succeed. |
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So now more than 3 billion tokens sold, which means more than the half of the tokens have been sold. And the ICO just started 5 days ago! Seems like the interest in Savedrod is not decreasing at all.
Indeed a very good start with over 50% sold in 5 days. I hope the ICO will be sold out latest at the end of February. Yep the rate its going it seems we're looking at the ICO lasting maybe slightly over 1 week lol, i really don't think that we are gonna see the ICO last till end of month as the demand still seems very high, i mean it might slow down and drag on till end of month but i doubt it will slow down that much. If we are to judge by the present statistics, selling more than half of the total coin in 5 days means in 10days max the whole coin would have been sold out. That's cool This is usually not the case. Most ICO have large peaks and the first few days and at the last few days. I have seen quite many ICO who sold about 50% at the first couple of days and then towards the end of the ICO they sold anothef big chunk. |
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FORTY SEVEN BANK will also have there owned Smart ATMs. This is what I found at whitepaper.
"The bank will also oer traditional products and services like insurance, payments and transfers, payment history and analysis, cash withdrawals at Forty Seven Bank Smart ATMs, as well as at ATMs of our partnering banks."
Read it and it's nice plan but I don't seem to understand if they mean smart atm in the contest of an ATM that can be used universally or otherwise? I'm thinking it has to do with the biometric security system that was stated on their whitepaper if i'm not mistaken, so instead of typing digits as your password, you simply do the fingerprint scanning for identification before having access to your funds That would be a great improvement. I have too many numbers or passwords and it is easier and safer with a fingerprint or other biometric security system. This also have its draw backs. If you watch movie you should know better. If one bag get your finger print out of you by any means, they automatically Have access to your funds. And the option changing it ain't there since you can't really change your body's biometric Now I am afraid that someone will cut off my fingers :-) a 100% secure system is probably not, but 47BK will come up with something. It will probably be a combination of biometric data, password and 2FA You can't get 100%, it doesn't exists. If people manage to get your fingerprints they might aswell just break in to your house and rob you with a gun. So a fingerprint combined with a secure password is considered very secure. |
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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. That is a good point made, it certainly is a problem the hassle of converting FIAT for altcoins with numerous amount's of fees from pretty much every exchange, removing the middle man will certainly be appetizing and ensure fees are kept to a minimum I agree with you but the fees will even grow if we remove the middle man if the prices of bitcoin grows the price of the fees will grow too and also it is not always recommended to do it without a middle man. Why do you think that the fees will grow if we cut down the middle man? It is the other way around. Don't see how removing the middle man can do any harm. |
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The vision of this project is really great indeed. Please where can I get information about your team?
Similar question was asked earlier in the thread and the response was that for the time being the identity of their team members will be keep concealed as a result of a clause signed by some members of the team. So I guess that's still the state of things presently. Thus you can't get it any where for now yea I read something similar that the identity of some developers are required to keep anonymous, but I think they will announce it later when it is allowed to do so. Regardless, on their website at the bottom you can find some team members including blockchain developer Many people have been asking about this. Luxcess don't really have much choice and they will have to reveal the identities of their team if they want the ICO to succeed. There are so many scams out there and most people having hard time trusting new ICO's. Transparency is a must if they want to build a mutual trust with their investors. |
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Sitting here watching the ico page is just astonishing their already over 2b coins sold, and its moving quite fast. I've actually taken to have the savedroid page open on my second monitor because i find it funny just how fast the millions of tokens keep getting sold, i continue to be impressed how well the demand is keeping up into the coming days. Doesn't appear to be letting up at all lol
The fact that the ICO is moving really fast is great. I know from other projects that I followed, that the number of tokens that get sold is huge right after the start of the ICO and then it drops drastically. It's nice to see, that the money keeps coming in for savedroid. they have now sold 33% of the tokens in 24h. the whole reservations are now sold, now it is to be seen, how long it takes for the remaining 67%. Of course, it was initially through the reservations very quickly. many had the worry to get no tokens (I had that too :-)) It will be rumored how fast the pre-ico went and how many tokens were sold in the first 24h. that will lead to fomo and then the rest of tokens are gone within a week :-) The statistic is impressive, approximately 20M € in 24 hours. In my opinion the ICO is sold out within a week. Might go a bit longer just due to the size of the hardcap but the fact is its astonishing to hit 20M in 24hr. Some of the other ICO's ive seen with a lot of excitement didn't come close to going this fast LOL! Another 100M tokens gone since i posted earlier today, its seriously comical watching the counter go. I'd imagine we will see a number of big purchases from whales purchasing up additional bulk coins to shore up their investments considering the popularity of the ICO so far. So we might see some big jumps over the next week Even it takes more than a week, in the end, it won't really matter how fast the whole Sale sold-out. From an investors point of view I wouldn't even be so upset if not all tokens were sold but burned (less tokens in circulation)  But because I want the savedroid team to have as much funds as possible to develop their platform, I hope they raise as much as possible. And I am convinced that can manage to sell all tokens. The ICO just started and there is still a lot of time left. As an investor I always hope the hard caps of the project I invest in will be reached. Yes there are more tokens in supply, but in the long run, if the projects hits the hard cap it means more people believe in it, and it will have higher chances to succeed. So for me it's a no brainer, I hope the hard cap will be reached, and the sooner the better. Yea but a lot of circumstances can also affect the hard cap been reached, like the price, the amount needed for the hard cap, so it varies, a token with a starting price of $0.001 and a hard cap of $2,000,000 can easily be reached than a higher starting price with large volume, so different projects have different specifications Why do you think that the price of the token has anything to do with the likelihood of reaching the hard cap? It makes no difference if they price of a token is 0.01$ and there are 1 bil tokens, or if the price is 1$ and there are 10 mil tokens - the hard cap for both cases is 10 mil dollars. Of course the higher the hard cap is, the harder it is to reach it. I didn't say that a project that doesn't reach the hard cap will always fail. I just think that reaching the hard cap has way more benefits than drawbacks from an investor perspective. |
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Is there more information available about the Forty Seven Bank Exchange?
It is mentioned in the WP that the 47B will provide foreign exchange services including bank to bank transfers, does this mean I can send funds to 47B Exchange directly from my Bank?
That is an interesting point! With my Bank account it takes to long to transfer FIAT to an Exchange. When I can send funds from my bank to my 47B account and then to the 47B Exchange, it will be an advantage. Yes that will be real advantage. Whitepaper mentioned about Transfers and Payments. It will be easy to quickly transfer resources from one fiat currency to another, or from fiat currency to a digital currency, or vice versa. So as per my understanding bank to bank possible but depend on the agreement between other banks and 47BK. Here are Payment Processing and Invoicing related services mentioned at white-paper- Forty Seven Bank will provide wide range of payment processing solutions to our business clients. E-commerce clients will have the possibility to easily accept payments on their web-pages, platforms, applications, games, etc. with easy to use and informative merchant cabinet/panel. They will have opportunity to accept payments in traditional fiat currencies via credit or debit cards (Visa, China UnionPay, MasterCard, Diners) and direct bank transfers. Apart from that, entrepreneurs will be able to accept payments in digital currencies with support of the bank which will provide clearing procedures. At the same time, the bank will provide convenient and eective invoicing services. Having all these services provided by Forty Seven Bank, companies will have the opportunity to substantially decrease costs, increase eective- ness of working procedures related to financial management and get access to wide audience of potential customers. Now all those services would be available to developers through the api; developers would be able to do automated operations on a layer on top of the infrastructure which I think is a real advantage here and as mentioned there isn't a real direct competition as of yet. I am really into the api deal. Yes, there is no competition till now, FORTY SEVEN BANK has unique features which makes this one attractive investment. BTW my friend told that investors will also get some returns (like Dividend) based on future revenue. I am searching for details info. The Dividend is about 20%. For each €, one FSBL Token is generated. You can read about Benefit Model in "Token Holder Benefit" for more information. https://drive.google.com/file/d/0BwDjfDDrGhcsLTJOYzd1ZkZ0WU0/viewYes. thats really attractive. With all these benefits, still I don't understand why people are complaining about high price for the FSBT tokens. Its more of psychological thing than the reality. Yes people only think about the price of the token, and don't care about the actual market cap or what they actually get in return when they buy tokens. 47BK offer so many innovations and things that the crypto market really needs. On top of that it gives very high dividends. Ignoring all that and complaining about the price is complete ignorance. |
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how many tokens will be issued?
Total supply will be 35mio, on crowdsale 28mio. Figures are fantastic, it will increasingly support its existence, the more flying the number, the supply is very little I think, can be expensive someday. Yep the fact the supply is so small is one of the reasons i think the coin is surprisingly undervalued, we will very well see the price jump up as with most small cap coins especially those with actual products behind them. The current price is most certainly well below where it will eventually settle. I think you're right, the coin is undervalued due to its total supply @ 35,000,000 and any unsold coins will be burned. It's also quite appealing to see a pre-sale bonus of 12%. This is the highest % bonus you can achieve which in theory should lessen the impact and potential dumping upon exchanges which is obviously a plus for people who intend on holding! I will be holding and I look forward to May this year with the platform getting introduced Yea, the supply is at a minimum, giving room for the price to go sky high, especially when it starts hitting different exchanges, i don't think is undervalued, i just feel that more should be done on spreading the word because that's what counts How much is the supply here? 35 mil is not that low as far as I know. but definitely lower than billions nowadays. Is there any profit sharing applicable here? How this would be? In the form of tokens? Then where the supply will come from? 35mil is absolutely tiny in comparisons to other ICO's, in reality anything under 100m is considered to be a solid low-cap coin. Given the fact luxcess is also a company that has an existing platform and plan for developing the crypto side this means that its a very undervalued low-cap coin as well if you compare it against other coins with products before launch. yea you are right this days there has been sudden emergent of ico with billion supply with little or product compared to quality product luxcess is set to over with their various streams of revenue and investment options.. i think 35m supply is good cap Exactly, just check every random ICO and the hard cap they have. You will have hard time finding projects with less than 50 million. 35 is surely enough to maintain their platform, and is not too much so there is still a growth potential. |
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