[ANN] 💠 FSBT TECH 💠 – Open API For Fintech Developers

[ibininja]

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.

That's good idea Ganeshramk has suggested. 47Bank have kept some other payment methods like VISA/Master card so why we should use our another crypto currency options and spend extra money to buy ICO. It would be better if we should use that another payment method.

I have tried to buy FSBT with Credit Card, but for about 1000€ I have to pay 5% commission for credit card, 5% commission for Paybis and addtiononal 0.19€ for FSBT.
So for 1000€ I only get Token with a value of 899,81€ or 323.78170801 FSBT.

That's the problem with buying on credit cards, there is a high interest and with such a volatile market this is why Lloyds Bank have cut down on credit cards due to this matter, people investing in a volatile market and losing money, along with paying the interest on the card.

When I use credit card, I just use it for making my transactions easier and won't take it as loan. I also repay this to the creditcard company in 1 or 2 days time. In that way, its only some commission we pay it for the exchanges. Its applicable for all cryptos or even outside crypto to save this interest cost. If we do like that for FSBT tokens, it will not be that expensive.

That is a sensible and smart move to be able to use the credit card for cryptos, if you're paying it off within 1-2 days you wont be paying much interest at all, and only inccur the inital deposit fees which isn't too bad.

Interesting times ahead though with Lloyds Bank stopping cryptocurrency purchases with credit cards.

A good idea for some more publicity and investors, it may be a good idea to get some more promotion on social media, such as twitter/reddit.
I haven't seen a great deal on the twitter front for 47bank.

I think it will certainly help raise some more funds for the main sale

That would be a great enabler for many to start using crypto even internationally. I think it is one of the most painful experiences out there having to deal with fiat and crypto at the same time.

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[Ace44]

wow guys there is a lot of features forty seven bank is coming up with.. just read in their white paper a plan to not only be the bank of cryptocurrencies and fiat but also be rating agencies for ICO projects  by providing open source due diligence and also help projects with escrow services and smart contract development.. wow this is huge for both investors and oncoming projects 

you can see again how detailed the whitepaper is. I did not read that at all. I think that's great. If you want to start an ICO, they will help you in every step. This makes it easier and may also lead to poorly prepared ICOs, as often seen, disappearing from the scene

Yeah the whitepaper is really insightful with the features Forty seven bank presents one can engage in good icos just like Faulerwilli highlighted I just hope forty seven bank can implement all their features successfully

It is very simplified to be honest. Straightforward too. There is alot of emphasis on what makes 47 different. You will find much details about the API and compliances and how it will support regulations in the UK.

You can say that again, they also specify that they will offer unique products like bonds and invent financial products that will give them an edge in the financial niche, which will in turn attract investors, they know the game and these products can be sold to raise more funds for Forty Seven Bank, loving this project by the day

[nxnqauff]

Funnily enough there is 47 days left of the 47 Bank ICO token sale today! Maybe this is a sign to invest for good luck!

There have been over 1500 participants in the ICO so far and there is a 20% bonus available!

That's quite ironic lol, I like your analogy - maybe I should invest some more into the 47Bank considering there are 47 days left

Here is a good ICO review on 47Bank https://www.tokendesk.io/ico/forty-seven-bank/ which explains what the team trying to achieve

Thanks for the link to the ICO review.
Since Forty Seven Bank is in the top 10, it encourages me to participate in the ICO even more.

I have seen lots of review sites and read reviews of the latest ICOs. FSBT is a top pick in most of the sites. It is sure an investment ICO for me. Still some 47 days left is true. But this ICO might get fully subscribed before then.. who knows.

[FortySeven]

Hello!

Two short questions: The price for a token is 0.00393 ETH. Does this value remain stable no matter how ETH develops or do you adjust the price?

If I buy tokens today, will I get them immediately or after the end of the ICO?

Thanks

Yes, price - 0,00393 ETH is stable and no matter how ETH develops.

You will get FSBT tokens within 48 hours after You provide us Your ETH wallet compatible with ERC-20.

[FortySeven]

How much is the hardcap in USD ? Would like to know it I am curious. One more are USA citizens allowed to participate in the ICO ?  Looks like a solid ICO. Thanks !

Hardcap: 36 000 ETH ~ 30 000 000 USD

Yes, USA citizens allowed to participate in the ICO.

[FortySeven]

This project really look great with a good team with proven experiences.

I have a few questions, Is there any plan for the token to be listed on exchange after the ICO and how soon will that be? What will happened to the unsold token? Finally, why is the ICO period that long?

Waiting for your response.

Thanks!

We are planning to be listed on several exchanges right after ICO ends. Working hard on this. At first at smaller ones like EtherDelta, KuCoin and later we will be heading to bigger exchanges like Poloniex, Binance and Bittrex. We are already negotiating with exchanges about listing our tokens right after the ICO, as this process takes time.

Talking about unsold tokens - they will not be generated. We generate tokens which we sell, no more, no less, so there is nothing to be burned.

[FortySeven]

Thread in more than 7 language translations. That's good. How ever, I just saw the road map and u have a quick question to ask about it. Is there any representative of the team in here to answer?

Thank You for Your interest. Please ask us here or join to our Official Forty Seven Telegram Group - https://t.me/thefortyseven

[Ace44]

This project really look great with a good team with proven experiences.

I have a few questions, Is there any plan for the token to be listed on exchange after the ICO and how soon will that be? What will happened to the unsold token? Finally, why is the ICO period that long?

Waiting for your response.

Thanks!

We are planning to be listed on several exchanges right after ICO ends. Working hard on this. At first at smaller ones like EtherDelta, KuCoin and later we will be heading to bigger exchanges like Poloniex, Binance and Bittrex. We are already negotiating with exchanges about listing our tokens right after the ICO, as this process takes time.

Talking about unsold tokens - they will not be generated. We generate tokens which we sell, no more, no less, so there is nothing to be burned.

Wow, this is going to be huge and i do agree with you on starting with the smaller exchanges, the bigger ones can be hectic to join, so instead of stalling the project, is best to start with the available ones and move to the top, Forty Seven Bank is moving forward

[FortySeven]

I've already wondered what I do when I really earn a lot of money with cryptocurrencies. 47BK could help me with the decision: I just set up my own bank :-) the possibility to build my bank based on their platform is really fascinating.
And that is not the only possibility that offers itself here, but I have to read a lot of information now. how could 47BK stay under my radar for so long?

It would be interesting to know more about Your project too.

[faulerwilli]

I've already wondered what I do when I really earn a lot of money with cryptocurrencies. 47BK could help me with the decision: I just set up my own bank :-) the possibility to build my bank based on their platform is really fascinating.
And that is not the only possibility that offers itself here, but I have to read a lot of information now. how could 47BK stay under my radar for so long?

It would be interesting to know more about Your project too.

that must be a misunderstanding, I have no project running. The only thing I do, I invest in some ICOs or in existing Tokens / Coins and hope for a big increase in value. Maybe you can call that a project :-)

I saw that you answered some questions, thanks for that. Always good if you meet contact persons in the forum

[FortySeven]

Are there or what are the thresholds for KYC during the ICO?
Or is KYC it necessary for every purchase?

Our bank will definitely ask for KYC for investors who have contributed>20k USD. If the amount of your potential investment is smaller, feel free to contribute and we will not ask any further documents.

[Owillz]

Seems Forty Seven Bank has been doing giveaway, there is a tweet on their twitter profile with more information and a video in how the winners are selected, congrats to them with their FSBT's!

https://twitter.com/47foundation/status/945374391382224896

Will check this out later. I hope new participants can still participate?? I need to get my hands on as much of this free coin as I can.

[FortySeven]

Seems Forty Seven Bank has been doing giveaway, there is a tweet on their twitter profile with more information and a video in how the winners are selected, congrats to them with their FSBT's!

https://twitter.com/47foundation/status/945374391382224896

Will check this out later. I hope new participants can still participate?? I need to get my hands on as much of this free coin as I can.

This is not correct. The giveaway is closed.
You can check the winners here : https://docs.google.com/spreadsheets/d/102lMXfLEwMpqKGVsGyIdUIJcmSWgu5MaQqqWa5OfPjs/edit#gid=774793173

[Cnote328]

Seems Forty Seven Bank has been doing giveaway, there is a tweet on their twitter profile with more information and a video in how the winners are selected, congrats to them with their FSBT's!

https://twitter.com/47foundation/status/945374391382224896

Will check this out later. I hope new participants can still participate?? I need to get my hands on as much of this free coin as I can.

Seems the giveaway occured December last year wish I knew about it........nothing beats getting  a good token for free hope they conduct another giveaway

[Anilg]

47BK planned to start banking operation in Q4 2019 but looks like they have done there homework from ground level and trying to taking care of each corner.

For private customers FSBT tokens will give several benefits in using Forty Seven Bank products and services, as well as token holders will be top priority customers of the bank according to loyalty program and will get loyalty rewards on yearly basis based on performance of the bank.

[Nathan01]

wow guys there is a lot of features forty seven bank is coming up with.. just read in their white paper a plan to not only be the bank of cryptocurrencies and fiat but also be rating agencies for ICO projects  by providing open source due diligence and also help projects with escrow services and smart contract development.. wow this is huge for both investors and oncoming projects 

Yea, i just saw that on their whitepaper, was about to comment on it before i saw yours, this project will set a precedence for others to follow and also a place where investors will run to for guidance and counselling, what do i mean?, FORTY SEVEN BANK is a financial powerhouse, where else will you like to get unbiased and informative report of every future ICOs if not from them

They are the pioneers in this field and it's a good thing they are putting all things into consideration and working towards them diligently to say the least I am all pumped up about this project and can't wait for full implementation.. Anyways my study into the whole crypto banking continues with 47 as a huge case study...

[Misssa]

why you dont update ur first post? is it ico now? what results for pre ico?
 

[vireal]

Dear contributors and followers!

Our project has been reviewed by one of the most popular resources www.icorating.com and it has been ranked with the highest "Positive" rating.

Very nice and promising to get such a high rank from professionals in the industry! Thank you!

[Anilg]

Dear contributors and followers!

Our project has been reviewed by one of the most popular resources www.icorating.com and it has been ranked with the highest "Positive" rating.

Very nice and promising to get such a high rank from professionals in the industry! Thank you!

That's really good news! But this was expected as I think this is one of the best ICO in recent time and its a full package in banking Industry

[jamesrod10]

is the project based in a country with a stable economy?