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

[phantam]

Can you pay with fiat money on this ICO ? Or can we do it after ICO. I see on the site that you can pay currently with ETH, and Bitcoin.

I doubt you can purchase Forty seven token with fiat money i think ETH and Bitcoin is the payment medium as stated on their website. If one can purchase Forty seven token with fiat money i will love to know also

I think at one point Forty Seven Bank were accepting payments in fiat through the Paybis service. I wonder what happened there and why they stopped accepting Fiat.

You were able to buy with FIAT, but only with Creditcard and then Paybis. The Fees were about 10%.
On the Website was a SEPA Logo too. Don't know why they removed the the FIAT payments.

I'd also be interestd to hear why they decided to withdrawal fiat, it was really a good option for those that liked the project but wanted to skip the whole need to go through an intermediary for getting crypto to in turn by FSBT buying direct is a much better way of handling it especially for those new to crypto that perhaps FSBT is one of their first tokens perhaps we will get more info or maybe they will bring it back

[Owillz]

A question about the DevDays conferences for independent developers. will they always be held in the same place, or will the places change, much as we know from blockchain events?

Where did you get the info off from? can you share a link? A conference would really take the project a mile; it is the right time to get some conferences going and maybe live interviews too.

It seems what I linked before is not related to 47B, ''DevDays'' is a common name for holding conferences like ''hackaton'', I could not find more info about the 47B's DevDay's, perhaps more info could be post by someone from the team

Correct me if am wrong but I am beginning to think that the devs activities in here is not as frequent as earlier experienced. Might take a while to get a response from them

[Ace44]

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

What's the distribution time interval for this 20% bonus?? Is it monthly or yearly??

Bonus 20% is till the end of February, after that will be a 10% bonus till the end of March.

I think he is asking about the profit and not the bonus which was already answered by faulerwilli when he said "annual dividend" which is yearly if I am not mistaken 

OH yea. You are right. That's exactly my question which you answered @Nathan but now d previous posted said 20% is only for February and 10% for march and not the year like u trying to say.  Does this mean the bonus is just for two months?? Feb and March?

Bonus 20% till the end of February.

Just a day from now, is there any other reduced bonus after this or any other form of bonus?,i'm sure the community will love to know, between, is anyone experiencing issues with ethereum network while trying to send ethereum?, i need to get this done, don't want to miss the bonus package

Hi Ace, I think after the March bonus ends their will not be any further bonuses available for investors.

If anyone is still waiting to make an investment into FSBT they should do so now to take advantage of the massive 20% on FSBT that is available until the end of this month.

Thanks for the clarification, i will surely do the needful as soon as the ethereum network allows me to, i need to get the bonus like everyone else, beside, is a good project to invest in, the few that i can recommend, is not everyday that you get to see such project with a good track record

[Cnote328]

Hello, i will love to know are Forty seven bank token only generated when purchased? If they aren't, will any unsold Forty seven bank token be burnt?

[faulerwilli]

On page 26 of the whitepaper (https://drive.google.com/file/d/0BzvESRkgX-uDeHc1QjRzbHRBelU/view), ''direct market access'' is mentioned, does this mean you can directly place sell orders on other exchanges?

that's how I understood it. 47bk wants to connect via various interfaces with as many services as possible. Maybe there will be direct links to partner exchanges in the future. or maybe they mean their own 47bk exchange? both would be cool

[Owillz]

Hello, i will love to know are Forty seven bank token only generated when purchased? If they aren't, will any unsold Forty seven bank token be burnt?

Hello Cnote328, I will like to bring to your notice that a similar question has been asked just few pages back. I will advise you visit some few pages back for answer to this your question. Thanks

[nesh1]

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

What's the distribution time interval for this 20% bonus?? Is it monthly or yearly??

Bonus 20% is till the end of February, after that will be a 10% bonus till the end of March.

I think he is asking about the profit and not the bonus which was already answered by faulerwilli when he said "annual dividend" which is yearly if I am not mistaken 

OH yea. You are right. That's exactly my question which you answered @Nathan but now d previous posted said 20% is only for February and 10% for march and not the year like u trying to say.  Does this mean the bonus is just for two months?? Feb and March?

Bonus 20% till the end of February.

Just a day from now, is there any other reduced bonus after this or any other form of bonus?,i'm sure the community will love to know, between, is anyone experiencing issues with ethereum network while trying to send ethereum?, i need to get this done, don't want to miss the bonus package

Hi Ace, I think after the March bonus ends their will not be any further bonuses available for investors.

If anyone is still waiting to make an investment into FSBT they should do so now to take advantage of the massive 20% on FSBT that is available until the end of this month.

Thanks for the clarification, i will surely do the needful as soon as the ethereum network allows me to, i need to get the bonus like everyone else, beside, is a good project to invest in, the few that i can recommend, is not everyday that you get to see such project with a good track record

I agree with you nowadays there are a lot of scam projects and this ain't one of them and i am happy to be part of it it is still not too late because their ico still has 40 days left.

[Zombie259]

Hello, i will love to know are Forty seven bank token only generated when purchased? If they aren't, will any unsold Forty seven bank token be burnt?

I guess I have read that all tokens already have been created, and the remaining tokens are burned, but I'm not 100% sure.

[Cnote328]

Hello, i will love to know are Forty seven bank token only generated when purchased? If they aren't, will any unsold Forty seven bank token be burnt?

Hello Cnote328, I will like to bring to your notice that a similar question has been asked just few pages back. I will advise you visit some few pages back for answer to this your question. Thanks

Hello Owillz thanks for pointing this out to me, i have a very busy schedule so i haven't had time to read all message posted here. I will make out time to check previous chat for the answer to my question.

[Hendobox]

I strongly have reasons to believe that this project has reached its softcap. I hope the team doesn't slow the progress down in any way. I am very positive that with the pace things are moving, hardcap will be reached in less than no time.

[phantam]

I strongly have reasons to believe that this project has reached its softcap. I hope the team doesn't slow the progress down in any way. I am very positive that with the pace things are moving, hardcap will be reached in less than no time.

What makes you think they hit woftcap? I mean I sort of get that feeling as well just from my guy but wondered if you had heard something about it? It’s dobtful a team would do something to slow sales they want the ICO over as soon as possible so they can move past fundraising toward actually developing their product like most ICOs would

[cryptossi]

On page 26 of the whitepaper (https://drive.google.com/file/d/0BzvESRkgX-uDeHc1QjRzbHRBelU/view), ''direct market access'' is mentioned, does this mean you can directly place sell orders on other exchanges?

that's how I understood it. 47bk wants to connect via various interfaces with as many services as possible. Maybe there will be direct links to partner exchanges in the future. or maybe they mean their own 47bk exchange? both would be cool

Intersting.. I wonder who will be their partner exchanges, maybe this might help 47 bank get listed on a bigger exchange because they can also refer business to the exchange on their own platform. So it would work great for both parties.

[phantam]

On page 26 of the whitepaper (https://drive.google.com/file/d/0BzvESRkgX-uDeHc1QjRzbHRBelU/view), ''direct market access'' is mentioned, does this mean you can directly place sell orders on other exchanges?

that's how I understood it. 47bk wants to connect via various interfaces with as many services as possible. Maybe there will be direct links to partner exchanges in the future. or maybe they mean their own 47bk exchange? both would be cool

Intersting.. I wonder who will be their partner exchanges, maybe this might help 47 bank get listed on a bigger exchange because they can also refer business to the exchange on their own platform. So it would work great for both parties.

Ya I’d imagine literally partnering with other exchanges might be a good way to get listed if they can get the partnership I’m really hoping the partnerships they are planning are with the larger exchanges like binance. I don’t have anything against smaller ones like hitbtc but really want to see more integration between the big exchanges

[Anilg]

Can you pay with fiat money on this ICO ? Or can we do it after ICO. I see on the site that you can pay currently with ETH, and Bitcoin.

I doubt you can purchase Forty seven token with fiat money i think ETH and Bitcoin is the payment medium as stated on their website. If one can purchase Forty seven token with fiat money i will love to know also

I think at one point Forty Seven Bank were accepting payments in fiat through the Paybis service. I wonder what happened there and why they stopped accepting Fiat.

You were able to buy with FIAT, but only with Creditcard and then Paybis. The Fees were about 10%.
On the Website was a SEPA Logo too. Don't know why they removed the the FIAT payments.

So they actually accepted FIAT ? Damn why did they remove it. It was a good payment option for those who didn't have any crypto. Maybe one of the team members can answer this ?

We don't remove it. Just at the current moment, we have several technical issues with the credit card, but we will make an announcement very soon when it start working.

That is very good news, I think it's the right move to keep the fiat option open. Many people (including me) don't always have BTC or ETH available and this way we can avoid the trouble of buying more and pay high fees and instead just pay directly with a credit card.

FIAT option is really good and I hope FSBT team will add it soon.
BTW this FSBT price is fixed in ETH? or it will change based on ETH price?
1 FSBT = 0.00393 ETH
1 ETH = 254.4 FSBT.

Yep, FSBT is fixed on ETH - so when ETH rises, the value of FSBT will go up.

Hence 1 ETH = 254.4 FSBT

The good thing for any investor, the value remains same all the time throughout the ICO. So I think while listing, they will also list according to the ETH price on that day. In that sense, it is same like holding ETH or FSBT token.

Thats really great, so apart from bonus we can get good extra benefits as well due to ETH price. FSBT main sale started when ETH was at low and now its going up.

[ibininja]

On page 26 of the whitepaper (https://drive.google.com/file/d/0BzvESRkgX-uDeHc1QjRzbHRBelU/view), ''direct market access'' is mentioned, does this mean you can directly place sell orders on other exchanges?

that's how I understood it. 47bk wants to connect via various interfaces with as many services as possible. Maybe there will be direct links to partner exchanges in the future. or maybe they mean their own 47bk exchange? both would be cool

Intersting.. I wonder who will be their partner exchanges, maybe this might help 47 bank get listed on a bigger exchange because they can also refer business to the exchange on their own platform. So it would work great for both parties.

Ya I’d imagine literally partnering with other exchanges might be a good way to get listed if they can get the partnership I’m really hoping the partnerships they are planning are with the larger exchanges like binance. I don’t have anything against smaller ones like hitbtc but really want to see more integration between the big exchanges

Most exchange have APIs; 47 is an API first bank so I am guessing the direct access would be to use the API. You also have the PSD2 system in place so I think that would fall under that statement. "direct market access".

[girib1684]

On page 26 of the whitepaper (https://drive.google.com/file/d/0BzvESRkgX-uDeHc1QjRzbHRBelU/view), ''direct market access'' is mentioned, does this mean you can directly place sell orders on other exchanges?

I'm not sure which markets 47 Bank are referring to on this page of the whitepaper, this section is a bit ambiguous.

I presume they mean crypto exchanges but 47 Bank also provides a FIAT currency conversion forex service or at least access to one...

Maybe we could get some more clarification from the 47 Bank team?

As I understand that statement meaning is not directly you place sell orders on other exchanges. This is future they will provide theirs client when theirs orders trading in large size. But not mentioned on other exchanges.

[faulerwilli]

On page 26 of the whitepaper (https://drive.google.com/file/d/0BzvESRkgX-uDeHc1QjRzbHRBelU/view), ''direct market access'' is mentioned, does this mean you can directly place sell orders on other exchanges?

that's how I understood it. 47bk wants to connect via various interfaces with as many services as possible. Maybe there will be direct links to partner exchanges in the future. or maybe they mean their own 47bk exchange? both would be cool

Intersting.. I wonder who will be their partner exchanges, maybe this might help 47 bank get listed on a bigger exchange because they can also refer business to the exchange on their own platform. So it would work great for both parties.

Ya I’d imagine literally partnering with other exchanges might be a good way to get listed if they can get the partnership I’m really hoping the partnerships they are planning are with the larger exchanges like binance. I don’t have anything against smaller ones like hitbtc but really want to see more integration between the big exchanges

Most exchange have APIs; 47 is an API first bank so I am guessing the direct access would be to use the API. You also have the PSD2 system in place so I think that would fall under that statement. "direct market access".

I meant that, with interfaces I meant APIs, 47BK seems to want to do a lot with APIs. and in combination with PSD2, this gives a lot of possibilities. we can be curious

[12jeffy12]

I see you offer businesses the possibility of launching applications in your platform. What requirements will businesses need to meet in order to launch their applications?

[Nathan01]

Fortyseven bank is offering multi-asset account as seen in page 14 of the white paper

"Forty Seven Bank clients will have a lot of possibil-ities related to account management. Having access to just one application, a customer will have access to all his accounts in dierent banks at one place – it will be easy to manage personal inance in such a way. Besides that, a client is going to have access to all his crypto wallets, investments in traditional inancial assets (stocks, bonds, commodities, etc.) and credit or debit cards"

[ibininja]

Fortyseven bank is offering multi-asset account as seen in page 14 of the white paper

"Forty Seven Bank clients will have a lot of possibil-ities related to account management. Having access to just one application, a customer will have access to all his accounts in dierent banks at one place – it will be easy to manage personal inance in such a way. Besides that, a client is going to have access to all his crypto wallets, investments in traditional inancial assets (stocks, bonds, commodities, etc.) and credit or debit cards"

That is a great attraction for developers to have access to a platform that allows management of various accounts; with developers building on top of forty seven you are basically saving alot of time and money since you do not have to do all the integrations and having to deal with all the regulations involved.  As a developer you get to focus on your value proposition instead.