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

[LakeBTC]

Just over 4 days until the official start of Phase one of the LakeBanker Token Sale.

Those interested in participating should act now to avoid last-minute problems.

[digaran]

Pretty much the best ICO eveh, now we can do the KYC easily with lake monster and every body with every governments worldwide will recognize our rights of being our own decentralized banks. my problem is that no government is legitimizing the decentralized authority. it means when it comes to real world problem solving only the parties which the government is giving them authority could fix my problem, for example if I want to register a physical Visa card in order to register in google services or register on an exchange to deposit fiat, no body will accept me because the real authority (US government) is not allowing them to. if your services are going to listen to central authorities(governments) then there is no difference between you and the already established banking system.

[LakeBTC]

Pretty much the best ICO eveh, now we can do the KYC easily with lake monster and every body with every governments worldwide will recognize our rights of being our own decentralized banks. my problem is that no government is legitimizing the decentralized authority. it means when it comes to real world problem solving only the parties which the government is giving them authority could fix my problem, for example if I want to register a physical Visa card in order to register in google services or register on an exchange to deposit fiat, no body will accept me because the real authority (US government) is not allowing them to. if your services are going to listen to central authorities(governments) then there is no difference between you and the already established banking system.

We plan to stay compliant and work with regulators wherever we operate where possible. However, we feel that we are still radically different from traditional banks: In particular, their costs are higher and their risk management is inefficient. Further, our platform gives users the opportunity to earn fees by serving others, which can't be done with regular banks.

[LakeBTC]

2 and a half days until the official beginning of Phase 1.

We have been accepting payment for around one month and there is a very small cap at this price.

Participate now to avoid last minute problems.

[LakeBTC]

We are live online on our slack and telegram channels to answer any last-minute questions over the next few days before the official start of Phase 1. Please join us there.

[germsite]

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)

Interesting. I totally missed that and didn't really know LakeBTC. Will give it a try.

[Orias67]

If I understood we already can invest ? Or do we need to wait the 15th September ?

There are some other projects like yours already, why this one would be different/better ?

Thank you for your answer.

[CUNÉGONDE]

would this ico be going to start on the day after tomorrow?
how long to register an available account? If I am involved now, will I be able to catch the price ogf the first time ?

[LakeBTC]

Recent events have created great uncertainty over the future of cryptocurrencies, token sales and other financial innovations. The market has become extremely volatile. In light of this, and in line with our emphasis on risk-management, we have decided to delay Phase 1 of the LakeBanker Token Sale. Phase 1 was originally scheduled to take place between September 15, 2017, 3pm UTC and September 20, 2017, 3pm UTC. It will now take place two weeks later, between September 29th, 2017, 3pm UTC and October 4th, 2017, 3pm UTC. Nonetheless, we are still accepting contributions now in advance of the official start for those who want to avoid potential last-minute problems. Should the market fluctuate dramatically we may need to revise the price of BAC tokens in terms of ETH prior to the onset of Phase 1. Please note that it's clearly stated on our website that we reserve the right to alter the price of BAC before the sale starts in response to dramatic market fluctuations.

At this stage, we would like to reassure LakeBTC customers along with current and potential participants in the LakeBanker Token Sale on a number of issues. First, LakeBTC.com and the LakeBanker system will only be minimally impacted by the news coming out of China: We have always been an international firm. Our company has never been incorporated in China. We ceased CNY operations almost a year ago and now the Chinese market comprises a tiny fraction of our business. LakeBTC.com supports 6 languages but Chinese is not one of them and hasn't been for several years. Our team, advisory board and corporate partners are spread throughout the world. Our Token Sale has never been marketed in China and we exclude Chinese citizens from participating. Second, those who have money on account with LakeBTC or who have deposited money with us for the LakeBanker Token Sale can rest assured that their money is safe. LakeBTC is a world leader in terms of reliability, security, and emphasis on risk-management. We have never lost customers' money. LakeBTC remains a point of strength in these difficult times for cryptocurrency enthusiasts.

[LakeBTC]

would this ico be going to start on the day after tomorrow?
how long to register an available account? If I am involved now, will I be able to catch the price ogf the first time ?

You can participate now before the official sale to avoid last minute problems.


Please read our release above about the delay in the start of Phase 1. due to the current market instability.

[LakeBTC]

If I understood we already can invest ? Or do we need to wait the 15th September ?

There are some other projects like yours already, why this one would be different/better ?

Thank you for your answer.

You can invest now. Users that participate before the official start get the first-hour price of 1 ETH = 1300 BAC.

In light of the current market conditions, we have delayed the official start for two weeks. We may have to change the price of BAC in terms of ETH to keep it consistent with fiat.

[soliton]

Hi, what about intention to issue LakeBanker plastic card?

[CUNÉGONDE]

just read a news before, your CEO said "China Is a Great Place for Financial Innovation", was china still great right now?

[LakeBTC]

just read a news before, your CEO said "China Is a Great Place for Financial Innovation", was china still great right now?

China WAS a great place for financial innovation.

But things have changed. In the past many government officials were pro-cryptos and pro-innovation. Some foul-players took that progressive attitude for granted and abused the system (see above). Too many risks were accumulated. Now officials at the very top of the government have decided to step in and take over. The regulations are likely to be much more strict in the foreseeable future. In some ways, the situation resembles what happened after the 2008 financial crisis.

In the long term, without these foul players and fraud-like schemes, things may not necessarily be bad for the crypto community in China.

However, it's important to stress that LakeBTC/LakeBanker will be only be minimally impacted by the restrictions in China:

LakeBTC is not a Chinese corporation. It has been registered in BVI since 2014.

The vast majority of LakeBTC's business comes from over 160 countries other than China.

LakeBTC's team, advisory board and corporate partners come from all over the world.

LakeBTC ceased CNY operations almost a year ago.

LakeBTC supports six languages: Chinese is not one of them and hasn't been since 2014.

Most or all of LakeBTC hardware resources have been physically located outside of China since 2013.

LakeBTC's market data has never been listed on any Chinese bitcoin data website.

LakeBTC never sponsored or attended offline events or meetups in China.

[LakeBTC]

Hi, what about intention to issue LakeBanker plastic card?

Physical debit/credit cards and ATM machines are dated technology.

We expect to work with merchants whereby users can spend money directly from the app without the need for plastic cards/pin codes etc.

Users will also be able to request credit through the app, we can match those debts p2p with other users looking to earn interest on their savings. Our crowd-Banking model allows us to do exceptional risk management with low overheads compared with traditional banks and therefore offer credit at great rates.

[LakeBTC]

LakeBanker is featured in ICO CROWD magazine this month. Pages 82-83.

https://issuu.com/icocrowd/docs/ico_crowd_magazine__issue_one__sept

[LakeBTC]

Bitsonline announces the delay of Phase one of the LakeBanker Token Sale.

https://bitsonline.com/lakebanker-delays-token-sale/

[LakeBTC]

Just 10 days left until the official start of Phase 1 of the Lakebanker Token Sale. Contributions are accepted now for people who want to avoid last minute problems. The phase 1 price is 1 ETH = 1300 BAC. This is the lowest price anyone will ever get and just 2% of the total token supply are available at this low price.

[liviux]

what this token want is too big. i don't believe in free banking

[abc073]

Hi,

I assume that for all international banking operations you will need to cooperate with the entire banking system worldwide within the SWIFT system, so how are you going to make all the traditional banks recognize your platform as legit? How about the bank to bank operations and their costs? Who will cover them and how?

Peter