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

[girib1684]

In my opinion a very interesting and promising project! The idea is very necessary, a strong team. Let's see how they will implement their plans. In the meantime, I will support you in the bonus program.

Yes this is very interesting project. If you will invest here then you will edible to theirs lots benefits, sachems. Still ICO is live, before end you can participate if you want.

[nxnqauff]

Forty Seven bank was reviewed by icorating And it passed the test. It was positively rated.  
https://medium.com/@FortySeven47/forty-seven-bank-receives-positive-rating-from-icorating-e6edef50591b

I tell you, is like the whole rating sites keep giving them a positive rating and at a point i was wondering why. i mean, is strange and rare at same time to see so many rating sites speak positive of a particular ICO, is no wonder Forty Seven Bank is doing something extraordinary.

They have been obviously able to put all  their plans together and their staffs to work. But one thing is certain nothing can ever be 100% efficient. Maybe the lapses are yet to be seen or too little to be significant

Yea, i do agree but they seem to have done their homework pretty well to be getting such positive ratings, you know they intend offering services to ICOs and help them improve and like the saying goes, charity begins at home, so they themselves have to show what they are capable of before clients will believe them, so it makes sense if Forty Seven Bank is achieving such high ratings

A good product sell itself... It's simple mathematics to see that a lot of efforts had been put in place to make 47BK project a success so its commonplace to see good result... For a project to align itself with the government regulatory authority then you shouldn't expect less

I do agree with you, is just like a teacher trying to convince a student to learn, the teacher itself must be brilliant in order to inculcate that same value into the student and for the student to actually believe in that teacher , the first time i saw their whitepaper, it made me believe in 47B, they know what they are doing and what they want, i know nothing is perfect but that was perfection

When project gets so much positive comments/rating, then checking from other angle is not bad idea. You can buy 1-2 positive reviews/rating but not all ratings sites.
Since almost all sites have good rating they must have seen lot of good things in the project
 

No project can fake all the sites. Since all the sites are giving positive review, this is definitely a true review. No doubt about it. That too famous sites are giving positive review which is what is needed for the project.

[Anilg]

Forty Seven bank was reviewed by icorating And it passed the test. It was positively rated.  
https://medium.com/@FortySeven47/forty-seven-bank-receives-positive-rating-from-icorating-e6edef50591b

I tell you, is like the whole rating sites keep giving them a positive rating and at a point i was wondering why. i mean, is strange and rare at same time to see so many rating sites speak positive of a particular ICO, is no wonder Forty Seven Bank is doing something extraordinary.

They have been obviously able to put all  their plans together and their staffs to work. But one thing is certain nothing can ever be 100% efficient. Maybe the lapses are yet to be seen or too little to be significant

Yea, i do agree but they seem to have done their homework pretty well to be getting such positive ratings, you know they intend offering services to ICOs and help them improve and like the saying goes, charity begins at home, so they themselves have to show what they are capable of before clients will believe them, so it makes sense if Forty Seven Bank is achieving such high ratings

A good product sell itself... It's simple mathematics to see that a lot of efforts had been put in place to make 47BK project a success so its commonplace to see good result... For a project to align itself with the government regulatory authority then you shouldn't expect less

I do agree with you, is just like a teacher trying to convince a student to learn, the teacher itself must be brilliant in order to inculcate that same value into the student and for the student to actually believe in that teacher , the first time i saw their whitepaper, it made me believe in 47B, they know what they are doing and what they want, i know nothing is perfect but that was perfection

When project gets so much positive comments/rating, then checking from other angle is not bad idea. You can buy 1-2 positive reviews/rating but not all ratings sites.
Since almost all sites have good rating they must have seen lot of good things in the project
 

I think all websites, even including this forum, talk positive about ICOs as long as they get paid, thats why they cover themselves with ''we are not responsible for this and that''
I wouldnt trust anyone's opinion except that of mine, but as you said if all ratings sites give a good mark then it must mean something

Yes, self review is very important. We can't trust blindly anyone. All ratings based on current plan but in future depends on execution of projects things may change.

When I saw whitepaper I am pretty impressed. And at this movement I am checking how experienced 47BK team is and do they have experience to execute such a project?

[Owillz]

Looking on the Roadmap, it shows that the team are working really hard, It's just taking about 2 years to get full capacity of service.
That is really nice, good luck team

Yes their team is working very hard and we should too i think that forty seven bank will be very popular at the end look at alone this thread it has more then 120 pages in it and it increasing every day.

Promotion of fortyseven bank is picking up pace. It is sure to reach many people in the coming days especially with such a positive coverage of all ICO review sites. FSBT team should push more in twitter and facebook and in blogs. Thats important.

I was amazed when I saw that the road map stared from 2016 in a quiet mode. I would have love to know how much of the 2017 quest was actually fulfilled.

[ibininja]

Saw this in the white paper and it's interesting

"After the full identiication of the potential client and further registration in the operational database is completed, the client can access the following services provided by Forty Seven Bank: IBAN, access to secure crypto wallets and tokens, credit and debit cards, personal and travel insurance, loans, access to Forty Seven App Platform with wide range of applications, invoicing, investment and brokerage services, etc"

My question is in the area of loan... What are the necessary requirements for one to be eligible in getting loans from fortyseven Bank??

I don't think that would fall under their proposition (we will wait their confirmation though); since they are not really a bank they facilitate a bank. With the services provided it is amazing; if loans can also be facilitated somehow you are basically a bank. Developer has access to all features and services provided by a bank. damn that would be something.

[phantam]

Looking on the Roadmap, it shows that the team are working really hard, It's just taking about 2 years to get full capacity of service.
That is really nice, good luck team

Yes their team is working very hard and we should too i think that forty seven bank will be very popular at the end look at alone this thread it has more then 120 pages in it and it increasing every day.

Promotion of fortyseven bank is picking up pace. It is sure to reach many people in the coming days especially with such a positive coverage of all ICO review sites. FSBT team should push more in twitter and facebook and in blogs. Thats important.

I was amazed when I saw that the road map stared from 2016 in a quiet mode. I would have love to know how much of the 2017 quest was actually fulfilled.

Yep most of the bigger ICO's like 47 tend to be running for long before we hear about them on BCT in quiet capacities as it takes a lot of work to setup the legwork for something like a bank, feasibility studies and just trying to get all the ducks in a row to make sure its even possible let alone if its going to be profitable and figuring out what it will take to make it. Its good to see 47 has been working for a while already toward their end goal

[Zombie259]

"Depending on milestone reached during ICO procedure the
bank will offer different range of products at the launch date."

What range of products will be realized at the current stage of the 47B ICO and which products will follow?

[nxnqauff]

"Depending on milestone reached during ICO procedure the
bank will offer different range of products at the launch date."

What range of products will be realized at the current stage of the 47B ICO and which products will follow?

I would also love to hear from the team about the present stauts of the development work. I know they are very busy with ICO. But developers might be working on the development I guess. Lets see what we hear from 47b team.

[Gunny95]

Forty Seven bank was reviewed by icorating And it passed the test. It was positively rated.  
https://medium.com/@FortySeven47/forty-seven-bank-receives-positive-rating-from-icorating-e6edef50591b

I tell you, is like the whole rating sites keep giving them a positive rating and at a point i was wondering why. i mean, is strange and rare at same time to see so many rating sites speak positive of a particular ICO, is no wonder Forty Seven Bank is doing something extraordinary.

They have been obviously able to put all  their plans together and their staffs to work. But one thing is certain nothing can ever be 100% efficient. Maybe the lapses are yet to be seen or too little to be significant

Yea, i do agree but they seem to have done their homework pretty well to be getting such positive ratings, you know they intend offering services to ICOs and help them improve and like the saying goes, charity begins at home, so they themselves have to show what they are capable of before clients will believe them, so it makes sense if Forty Seven Bank is achieving such high ratings

A good product sell itself... It's simple mathematics to see that a lot of efforts had been put in place to make 47BK project a success so its commonplace to see good result... For a project to align itself with the government regulatory authority then you shouldn't expect less

I do agree with you, is just like a teacher trying to convince a student to learn, the teacher itself must be brilliant in order to inculcate that same value into the student and for the student to actually believe in that teacher , the first time i saw their whitepaper, it made me believe in 47B, they know what they are doing and what they want, i know nothing is perfect but that was perfection

When project gets so much positive comments/rating, then checking from other angle is not bad idea. You can buy 1-2 positive reviews/rating but not all ratings sites.
Since almost all sites have good rating they must have seen lot of good things in the project
 

No project can fake all the sites. Since all the sites are giving positive review, this is definitely a true review. No doubt about it. That too famous sites are giving positive review which is what is needed for the project.

Indeed, it pretty unlikely to buy out all the ico check websites, unless they are all managed by the same person

ICO bench however has a rating of 3.6, https://icobench.com/ico/forty-seven-bank

[Cnote328]

Reading from 47bank whitepaper here are general assumptions made by the team:

Forty Seven will begin to provide services as Electronic Money Institution (EMI) on August 1, 2018

Forty Seven will get banking licence on June 1, 2019.

I do hope to see them actualize this assumptions.

[cryptossi]

one more very interesting part I found for token holders :

Only Token holders will be able to put their applications in Forty Seven App Store and get full access to our White Label API. Dev meetups and hackatons.

Yet another way to increase value of token. Does this also mean that developers as they develop on 47 they inherently need the tokens; meaning the developers clients would require tokens to use the app on top of 47?

I think so, the tokens are part of Forty Seven Bank, so for them to really be of value, it makes sense for the developers and clients to have the token, the above statement of only holders will have access to the application is a welcome development, the rise in value of which such rule can generate is massive, at least it will give holders a sense of belonging and dumpers will need to acquire the tokens again if they intend to use the services of Forty Seven Bank

it looks like they're a lot of different benefits to being a forty seven bank token holder and I don't mean just in a monetary sense. Getting access to exclusive API and services are also a massive benefit!

[rathaha10]

Will the current token bonus last untill the ICO is over ? Or will it be lowered after some days. It is actually a really high bonus i hope that it will last untill the ICO is over so that you can get extra tokens .

[cryptossi]

Will the current token bonus last untill the ICO is over ? Or will it be lowered after some days. It is actually a really high bonus i hope that it will last untill the ICO is over so that you can get extra tokens .

I think if you look at an article they posted this initial bonus period will only last for a specific amount of time. Therefore those that wish to take advantage of the massive discount that is on offer should do so sooner rather than later.

[Nathan01]

Saw this in the white paper and it's interesting

"After the full identiication of the potential client and further registration in the operational database is completed, the client can access the following services provided by Forty Seven Bank: IBAN, access to secure crypto wallets and tokens, credit and debit cards, personal and travel insurance, loans, access to Forty Seven App Platform with wide range of applications, invoicing, investment and brokerage services, etc"

My question is in the area of loan... What are the necessary requirements for one to be eligible in getting loans from fortyseven Bank??

That would interest me too. Above all, how can I imagine the process? How will it work with taxes in several countries with different tax systems?

nice add... we would like to hear 47BK response on this as this is a very interesting and attractive side of the project

[Ace44]

47Bank will be designed to target the need to individuals, businesses, developers, traders as well as other financial institutions and governments.

The target is vast, every sector needs finance, humans need money for their individual day to day activities, so Forty Seven Bank is fresh from the awesome oven of uniqueness and will take the entire cryptosphere by storm, i'm excited and filled with suspense at same time to see what this will turn out to be

[gee777]

The ICO is currently in its second round, and will end on 31 March 2018. A total of 11 063 829 will be issued in this process, and investors in this current ICO round are eligible for a 20% FSBT bonus.

11 Million tokens available for the 2nd round?
Do you have any ideas  on what will happen when the token gets sold out before march 31st?

I know this is very unbelievable, but I mentioned here whatever I seen it in white paper. But think if it's happened then???

Yes... 11 million token seems so little to be sold for that time frame.
I expect it to be sold out in less than a week.

Yes it's only 11 million tokens, but don't forget that the hardcap is at 9million. it's not going to be easy as u think as the token price is around $3.8

Oh.. I must have forgotten about the price was still thinking it was around normal ico rate...
But even still i think we will top investors investing in it.

[Zombie259]

Will the current token bonus last untill the ICO is over ? Or will it be lowered after some days. It is actually a really high bonus i hope that it will last untill the ICO is over so that you can get extra tokens .

I think if you look at an article they posted this initial bonus period will only last for a specific amount of time. Therefore those that wish to take advantage of the massive discount that is on offer should do so sooner rather than later.

The current Bonus is 20% and on the ICO Page is written that the Next ICO round Bonus is 10%.
But when is the switch from 20% to 10% at a specific time or when they sold a certain amount?

[phantam]

The ICO is currently in its second round, and will end on 31 March 2018. A total of 11 063 829 will be issued in this process, and investors in this current ICO round are eligible for a 20% FSBT bonus.

11 Million tokens available for the 2nd round?
Do you have any ideas  on what will happen when the token gets sold out before march 31st?

I know this is very unbelievable, but I mentioned here whatever I seen it in white paper. But think if it's happened then???

Yes... 11 million token seems so little to be sold for that time frame.
I expect it to be sold out in less than a week.

Yes it's only 11 million tokens, but don't forget that the hardcap is at 9million. it's not going to be easy as u think as the token price is around $3.8

Oh.. I must have forgotten about the price was still thinking it was around normal ico rate...
But even still i think we will top investors investing in it.

even at the high Ian cost per token it doesn’t matter because the hardcap is so low your still only talking of around a 40m$ cap which in all honesty is on the excessively smaller side of icos especially one trying somethingas ambitious as what 47bk is attempting in all honesty I’m surprised the coin isn’t 100+m for what they are attempting to roll out so I get the feeling given the insanely low market cap the price is still undervalued

People get too focused on per coin cost instead of comparing per coin to the actual ico cap  3.8 for a trillion token ico would be a concern 3.8 for this few tokens is about what I’d expect if not undervalued

[Cnote328]

Will the current token bonus last untill the ICO is over ? Or will it be lowered after some days. It is actually a really high bonus i hope that it will last untill the ICO is over so that you can get extra tokens .

I think if you look at an article they posted this initial bonus period will only last for a specific amount of time. Therefore those that wish to take advantage of the massive discount that is on offer should do so sooner rather than later.

Yeah the bonus will last for a specific time frame, i think leaving the bonus to last till the end of the ICO defeat the purpose of the bonus which is to attract investors to buy early.

[faulerwilli]

If it has not been mentioned here: 20% of the profit goes to the tokenholders. And if anyone has read the financial model, then he knows what that will be worth. So if someone likes ​​a really good annual dividend, then he should invest as soon as possible