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Author Topic: [ANN][ICO] LakeBanker | Free Banking for the World  (Read 13768 times)
LakeBTC
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August 29, 2017, 02:48:43 AM
 #281

Exponenential Growth

One advantage of our Crowd-Banking model is that it leverages network effects that encourage the LakeBanker system to grow exponentially. When we enter a country, a single LakeBanker can service roughly ten users. The system encourages users to themselves become LakeBankers and offer services to others. Thus, once inside the system, those ten users can service a further hundred, who can then service a further thousand and so on. As more LakeBankers join the network it becomes more valuable—there is more geographical coverage/saturation and faster matches with user requests through our app. A more valuable network attracts more users which in turn attracts more Lake- Bankers to meet that demand. The cycle continues and the network grows exponentially:


LakeBanker: Free Banking for the World     LakeBanker.com   Token Sale. Participate Now!
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August 29, 2017, 05:41:53 AM
 #282

Beta Version


The LakeBanker system has been operating in Beta for 1.5 years.  Here is some more information about our trial period:

• The trail started about 1.5 years ago in stealth mode. No formal announcement and no media coverage. During this trial, we improved our workflow and streamlined the overall process.

• We currently have over 2000 LakeBankers. The demand is strong and has well exceeded our existing capacity. See map below for the global distribution of LakeBankers in our Beta (data may be incomplete)

• 40 FIAT currencies are supported and about 10 are most active.The demand for other currencies is as strong but LakeBankers in those areas need more support and training.






Our successful Beta demonstrates proof of concept. Now the LakeBanker system is ready for the world


LakeBanker: Free Banking for the World     LakeBanker.com   Token Sale. Participate Now!
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August 29, 2017, 07:45:54 AM
 #283

Overall, I like existing projects with existing work,,, most important of all existing people who do things before any nonsense ICO. The business model is average, do you have examples of work in the countries with no banks? You say 1 LakeBanker services 20, so you have 2,000 means you have 40,000 people serviced?

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August 30, 2017, 03:07:47 AM
 #284

Today we launched our referral campaign as part of our overall bounty program.


Invite friends and get 5% of the BAC tokens they buy as your referral bonus


Full details on how to participate are available on our website

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August 30, 2017, 03:43:40 AM
 #285

Wow!
Super interesting initiative.

Watched

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August 30, 2017, 03:56:35 AM
 #286

Our CEO, Thomas Xie, was interviewed by Bitsonline.com where he talks about LakeBTC and the LakeBanker "Crowd-Banking" project.

Check it out here:

https://bitsonline.com/lakebanker-thomas-xie-interview/

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August 30, 2017, 09:53:30 AM
 #287

Exponenential Growth

One advantage of our Crowd-Banking model is that it leverages network effects that encourage the LakeBanker system to grow exponentially. When we enter a country, a single LakeBanker can service roughly ten users. The system encourages users to themselves become LakeBankers and offer services to others. Thus, once inside the system, those ten users can service a further hundred, who can then service a further thousand and so on. As more LakeBankers join the network it becomes more valuable—there is more geographical coverage/saturation and faster matches with user requests through our app. A more valuable network attracts more users which in turn attracts more Lake- Bankers to meet that demand. The cycle continues and the network grows exponentially:


this is an ideal situation, in fact, it is easy to borken chain in the middle if the incentive is not enough

HOLD your bitcoins.
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August 30, 2017, 12:59:58 PM
 #288

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.

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August 31, 2017, 01:57:48 AM
 #289

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.


We're more than happy to answer questions here. We're also on telegram and slack if you want to talk to us there.

The links to our telegram/slack channels are on the front page of this thread.

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August 31, 2017, 02:39:04 AM
 #290

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.

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August 31, 2017, 03:22:32 AM
 #291

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.

A lot of ico gives away 5% referral - paragon, latoken etc 
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August 31, 2017, 03:39:32 AM
 #292

Today we were written about in Interactive Investor. One of the UK's leading investment portals:

http://www.iii.co.uk/articles/439928/new-chinese-threat-global-banking-system

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August 31, 2017, 06:22:29 AM
 #293

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.

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August 31, 2017, 07:05:49 AM
 #294

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.

Good point. It's a difficult question. Early Bird bonuses are a good way of gathering interest/feedback/participation from the community, which is really important in this hugely crowded market. But I agree, it does make it risky for the majority who buy at the higher price.

We really emphasize our long term business model and the long term strength of our token. We're not looking for short term flip (our team tokens are subject to a long vesting schedule).

LakeBanker: Free Banking for the World     LakeBanker.com   Token Sale. Participate Now!
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August 31, 2017, 08:47:42 AM
 #295

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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August 31, 2017, 10:01:35 AM
 #296


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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August 31, 2017, 10:54:04 AM
 #297

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.

maybe dogecoin were accepted soon...

HOLD your bitcoins.
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August 31, 2017, 10:16:45 PM
 #298

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)?
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September 01, 2017, 12:40:49 AM
 #299

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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September 01, 2017, 04:29:35 AM
 #300

How many BAC are bought until this moment? In your opinion, approximately how many BAC will be bought on September 15, 2017, 3pm UTC?
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