[ANN][ICO] Change - The First Decentralysed Crypto Bank [ICO September 16th]

[tyuner4]

Congrats Change Team on the successful pre-sales. Raised more than 50%, all the best to you.

[1714061991]

1714061991

[awwal1206]

Pre sale was awesome. Now let's keep going high

[Dinda mayasi]

Nice to see this project. Let me join the bounty. Hopefull success

[dauane]

Pre-sale was very successful. Can't wait to see what happens in the ICO.

[MalReynolds]

Pre-sale was very successful.

Pre-sale data:

https://etherscan.io/address/0x78E0743B2cC9967BaC4643D559A027FA53F6BC88

Only about 58% of available pre-sale tokens sold to around 700 people / accounts.  Of the tokens sold, 40% went to 4 people / accounts.  Around $8M of funding raised in presale, less than $5M from the "crypto community at large".

Not sure I would use the word "very".

The word "bank" is being thrown around without a banking license, their Mastercard provider is balking at diving into cryptocurrencies with them, and e-resident / Estonia has no tangible connection to this project that I can see.  I was interested, and their whitepaper graphics sure are slick, but ultimately I didn't invest.  

[gusgusest]

Pre-sale was very successful.

Pre-sale data:

https://etherscan.io/address/0x78E0743B2cC9967BaC4643D559A027FA53F6BC88

Only about 58% of available pre-sale tokens sold to around 700 people / accounts.  Of the tokens sold, 40% went to 4 people / accounts.  Around $8M of funding raised in presale, less than $5M from the "crypto community at large".

Not sure I would use the word "very".

The word "bank" is being thrown around without a banking license, their Mastercard provider is balking at diving into cryptocurrencies with them, and e-resident / Estonia has no tangible connection to this project that I can see.  I was interested, and their whitepaper graphics sure are slick, but ultimately I didn't invest.  

Thanks for taking a look and providing feedback. Getting back to a few of the points.

Regarding card agreements:

Change started off as a fiat mobile banking application with a beta app and a Mastercard agreement. As Change pivoted to cryptocurrencies, we are currently working on modifications to the platform and renegotiating the Mastercard agreement to make the platform and card payments cryptocurrency compatible. We are also working with multiple issuers to ensure the seamless rollout of cards.

Regarding e-Residency:

Regarding the e-Residency project and tangible connection. Both Kaspar Korjus (Head of e-Residency), and Ott Vatter (Head of Global Growth) are openly supporting the project. Check out this recent tweet from the Head of e-Residency:

https://twitter.com/kasparkorjus/status/906142395221278725

There are also a variety of articles available, check out this one:

http://www.marketwatch.com/story/change---the-first-decentralised-crypto-bank-for-e-residents-2017-09-04

[MalReynolds]

...e-resident / Estonia has no tangible connection to this <Change Bank> project that I can see.

Regarding the e-Residency project and tangible connection. Both Kaspar Korjus (Head of e-Residency), and Ott Vatter (Head of Global Growth) are openly supporting the project. Check out this recent tweet from the Head of e-Residency:

https://twitter.com/kasparkorjus/status/906142395221278725

There are also a variety of articles available, check out this one:

http://www.marketwatch.com/story/change---the-first-decentralised-crypto-bank-for-e-residents-2017-09-04

I understand that e-Residency personnel are on your side and are promoting your project.  But the article says, "In order for the marketplace to be regulatorily compliant, Change is building a multi-tiered standardized KYC (Know-Your-Customer) utility."  This sentence implies that just being an "e-Resident" isn't enough for Change Bank KYC, that there will be other "tiers" of ID created by Change Bank outside of the e-Resident program.  

So...will registering in Estonia's e-Resident program with its 100-Euro fee be required to obtain access to Change Bank services?   Yes or No?

If the answer is no, then what is the point or advantage of having e-Residency here?

[MiBambino]

I'm gonna be investing at least 1ETH, this project almost seems too good to be true

[Japinat]

It seems like this project will be able to reach the hard cap at Pre-sale in a short period of time.
May I know what is the hard cap for the upcoming ICO this September 16, 2017?

[MiBambino]

It seems like this project will be able to reach the hard cap at Pre-sale in a short period of time.
May I know what is the hard cap for the upcoming ICO this September 16, 2017?

The total cap is set at 200.000 ETH, but I don't know whether that includes the presales or not

[gusgusest]

...e-resident / Estonia has no tangible connection to this <Change Bank> project that I can see.

Regarding the e-Residency project and tangible connection. Both Kaspar Korjus (Head of e-Residency), and Ott Vatter (Head of Global Growth) are openly supporting the project. Check out this recent tweet from the Head of e-Residency:

https://twitter.com/kasparkorjus/status/906142395221278725

There are also a variety of articles available, check out this one:

http://www.marketwatch.com/story/change---the-first-decentralised-crypto-bank-for-e-residents-2017-09-04

I understand that e-Residency personnel are on your side and are promoting your project.  But the article says, "In order for the marketplace to be regulatorily compliant, Change is building a multi-tiered standardized KYC (Know-Your-Customer) utility."  This sentence implies that just being an "e-Resident" isn't enough for Change Bank KYC, that there will be other "tiers" of ID created by Change Bank outside of the e-Resident program.  

So...will registering in Estonia's e-Resident program with its 100-Euro fee be required to obtain access to Change Bank services?   Yes or No?

If the answer is no, then what is the point or advantage of having e-Residency here?

Hey,

Being an e-Resident means you have performed the most thorough KYC possible (last tier), which means you most probably do not have to perform additional KYC. So anyone who is an e-Resident gets easy access to investment services on the platform. People who aren't e-Residents have to carry out extensive KYC on the Change platform, so setting up an account just takes more time and customers need to send document copies. There are currently more than 22 000 e-Residents for whom the account setup is seamless and fast.

[MalReynolds]

So...will registering in Estonia's e-Resident program with its 100-Euro fee be required to obtain access to Change Bank services?   Yes or No?

If the answer is no, then what is the point or advantage of having e-Residency here?

Hey,

Being an e-Resident means you have performed the most thorough KYC possible (last tier), which means you most probably do not have to perform additional KYC. So anyone who is an e-Resident gets easy access to investment services on the platform. People who aren't e-Residents have to carry out extensive KYC on the Change platform, so setting up an <Change Bank> account <without e-Residency> just takes more time and customers need to send document copies. There are currently more than 22 000 e-Residents for whom the account setup is seamless and fast.

So I think you have answered "no" to my original question.  Apparently Change Bank users can get access to your services without paying the 100-euro fee to become an Estonia e-Resident.   The 22,000 e-Residents have Change Bank setup that is seemless, fast and costly.

Sounds to me like "easy access to Change Bank" is being used to help justify 100 Euro payments made by prior e-Resident signups, and Estonian e-Residence offers no real advantages worth a 100-euro fee to new Change Bank signups.

[N1kol4i]

Hi everyone!

Could someone explain me about the country for the bank? I see Singapore and Estonia. So what is the main clounty?
Who will be the license holder? Where can I find the information about the law side of the project?

Thanks!

[MiBambino]

Hi everyone!

Could someone explain me about the country for the bank? I see Singapore and Estonia. So what is the main clounty?
Who will be the license holder? Where can I find the information about the law side of the project?

Thanks!

The main country is Singapore, and I believe the license holder will be Lion Capital Foundation

[N1kol4i]

Hi everyone!

Could someone explain me about the country for the bank? I see Singapore and Estonia. So what is the main clounty?
Who will be the license holder? Where can I find the information about the law side of the project?

Thanks!

The main country is Singapore, and I believe the license holder will be Lion Capital Foundation

Thank You. So what license it will be? Who is the regulatory? Lion Capital Foundation is an Estonian company.

[MiBambino]

Hi everyone!

Could someone explain me about the country for the bank? I see Singapore and Estonia. So what is the main clounty?
Who will be the license holder? Where can I find the information about the law side of the project?

Thanks!

The main country is Singapore, and I believe the license holder will be Lion Capital Foundation

Thank You. So what license it will be? Who is the regulatory? Lion Capital Foundation is an Estonian company.

It might be Estonian based but operates partly in Singapore

[YIz]

How about changing the title from 'Decentralysed' to decentralized?

[MiBambino]

How about changing the title from 'Decentralysed' to decentralized?

It's just the ANN thread, no biggy

[TeraBite]

Pre-sale is going on with amazing response this is really wonderful result I think this will achieve it's hard cap so quickly with this momentum as like people are contributing into this project. 30k ETH is really impressive so it will bring real change like it's name.

[theleaf]

any bounty???