[ANN][ICO] LakeBanker | Free Banking for the World

[Daydream 61]

2fa authorization can not be considered that it is safe

better than nothing. there are also other security measures. no problem . can customize each individual
everyone can do as he wants . is also not different with bittrex and kraken  
not even myetherwallet has 2fa 

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[LakeBTC]

Ethereum and Litecoin trading have been enabled at LakeBTC.com. We are still in the testing phase and will make a full public announcement soon once we're sure everything is working perfectly.

so is this also some type of exchange? I thought it's something else when I scanned through the OP. Or is an exchange only part of the whole project?

LakeBTC.com is a crypto exchange. We've been around since 2013 and we're currently top 20 in the world for Bitcoin trading volume.


LakeBanker is a Crowd-Banking platform that has been operating in Beta within LakeBTC for 1.5 years. The Beta was very successful. Now we plan to spinoff the LakeBanker platform as an independent company and launch a Token Sale to fund it's expansion.


In the future, LakeBanker and LakeBTC will still remain closely related; but they will be separate companies. As a spinoff, LakeBanker inherits the core team of LakeBTC along with its expertise in reliability and security, its technology and its culture.


Hope this helps you understand the relationship between LakeBTC and LakeBanker. If not, please ask more questions here or join us on Slack or Telegram (links on the front page)

[LakeBTC]

I've just tried again : the login works easy and fast . 2FA put into operation went smoothly .
it is very clear and well arranged . not complicated and easy to use. I can recommend this platform and do not belong to the team.
I think this will be a good object

Glad your experience was a good one

[LakeBTC]

2fa authorization can not be considered that it is safe

LakeBTC.com has an impeccable reputation for reliability and security. We are perhaps the only major crypto-trading platform without stolen coins, security scandals or flash crashes.

We have many security protocols that go way beyond 2fa auth. These will all be inherited by the LakeBanker "Crowd-Banking" platform.

For more specific information about our security protocols, please see section 3.3 of our formal whitepaper

[LakeBTC]

2fa authorization can not be considered that it is safe

better than nothing. there are also other security measures. no problem . can customize each individual
everyone can do as he wants . is also not different with bittrex and kraken  
not even myetherwallet has 2fa 

Correct. We employ, many, many security measures beyond 2fa authentication. (see our whitepaper for details).

This is why LakeBTC.com has a perfect record of never losing any customers' money. Ever.

[LakeBTC]

We are happy to announce that LakeBTC.com plans to enable trading of ETC and XRP in the near future. More details to follow.

[LakeBTC]

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. 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.

[LakeBTC]

Interview with our CSO published today in Bitsonline.com: "We don't beg big banks to work with us; we replace them"


https://bitsonline.com/dont-beg-banks-replace/

[Daydream 61]

then we want to see what the next days so bring to investors . there are very large plans.
since I have also invested a little bit gladly these news of course . continue good work and much success

[LakeBTC]

then we want to see what the next days so bring to investors . there are very large plans.
since I have also invested a little bit gladly these news of course . continue good work and much success

Thanks. Yes our Phase 1 discount has attracted investors. But it has a small cap (just 2% of the total token supply). If Phase 1 oversells before September 15, 2017, 3pm UTC we will allocate tokens pro rata to make sure everyone can get some BAC tokens at the lowest price.

[LakeBTC]

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

Indeed. We retain 25% of the tokens (125,000,000 BAC) as a USER GROWTH FUND. That can be used to incentivize new LakeBankers and encourage exponential growth.

The heart of the crowd-banking model is that users can get backing services from the platform, but they can also earn fees by supplying banking services to others. So every additional user makes the system more valuable to others.

It's similar to something like Facebook: every time a new user connects, they make the social network more valuable to everyone by uploading content that others can see.

This is what encourages exponential growth.

[LakeBTC]

To gauge this project accurately I want to look at lakebtc.com's volume, trends, etc. but there's virtually no way to do this because all info on lakebtc since 2016 seems to have disappeared into a black hole in the English speaking world. The coinmarketcap/other tracking site API is broken, virtually all forum activity and site reviews date back to 2014 and so on. Additionally, I'm not filled with confidence about a token sale for a spinoff that wants to trade 30 currencies when the original platform still won't even support ETH itself before phase 2.

Will we see LakeBTC itself make improvements to match this ICO (and ideally ahead of it)? Is there a roadmap on that side?

LakeBTC.com is now listed on coinmarket cap. Our trading volumes are available to view:

https://coinmarketcap.com/exchanges/lakebtc/

ETH deposits have already been enabled and ETH trading is in testing mode. It will be enabled soon (along with LTC, ETC and XRP)

[criz2fer]

Reserve Filipino translation if needed.

[LakeBTC]

LakeBTC is experiencing some synchronization delay with the Ethereum Wallet Client.

Currently, we are a few hours behind, but we are working to solve the problem.

For users that have made ETH deposits for the LakeBanker Token Sale, your money is safe with us.

For users thinking of participating in Phase 1 of the Token Sale, we recommend early participation to avoid last minute problems.

[LakeBTC]

For users who have attempted to make deposits to LakeBTC.com for the LakeBanker Token Sale, please get in touch with us via Slack or Telegram if you want live feedback or customer support. (links on the front page of this thread)

Thanks.

[LakeBTC]

have been read the thite paper, can not tell what it feels like temporarily, but just think it is unrestrained and formalized. or may be I need to understand it more.

Our white paper is a formal document. Please ask any questions here (or in our telegram or slack channels), and we can explain things in less formal terms. Thanks.

[AND01]

We are happy to announce that LakeBTC.com plans to enable trading of ETC and XRP in the near future. More details to follow.

The exchange should increase the anonymous currency transactions such as zcoin

[abdulmozadm]

Banking, I would argue, is the most heavily regulated industry in the world. Regulations don't solve things. Supervision solves things.Im watching a bright future for your bank.Soon you will reach the sky.

[LakeBTC]

Thanks, we'll take this into consideration.

[LakeBTC]

Thanks for your vote of confidence in our project. We plan to work with regulators---they are going to have to adapt to the rapidly changing pace of financial technology. We'll make their job easier, in part because of the exceptional risk management that our Crowd-Banking model provides.