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

[Nathan01]

Just a reminder to those who missed-

ICO date has been extended till 30th April 2018
Hardcap reduced to -  5 000 000 FSBT
maximum amount of generated tokens — 5 555 555 FSBT
Bounty period is also extended till ICO

reducing cap is a great move to be honest. I am glad the team considered that and are willing to make changes that ensure successful sale. Let us see how this would progress given the changes are in place.

All I can see is the flexibility of the team which shows that they can adapt at any situation given which boost my confidence in the project the more as it shows that they can handle any market situation in the nearest future

[rathaha10]

if there is no changes with the market at the end of April ? Will forty seven bank revert their investors money back or  will they still hit exchanges if the market still doesn't get better?

This is a valid question but the team already mentioned that they won't go into an exchange until eth reaches 750 to 800 usd.. By the statement even by the December they won't hold back till their condition is met.

They just don't want their investors to lose their money, so they will wait for ETH to be high again. Anyone have noticed it ? The site has been updated. They removed the bonus 10%.

[Cnote328]

Just to make it clear, the decision to hold investors funds for 1 month was made so that investors don't lose their money because of the recent market drop. Some investors bought in when the price was 4$. The team simply wants to protect everyone from loses

I think that is very responsibly from the 47B Team across their investors. As you mentioned, some investors have bought when ETH was about 1000$.

That's correct. But suppose market recovery will take time then you can hold tokens for sometime. Because on holding tokens you will be edible for more benefits.

I don’t get peoples anxiousness for the token to list with the market so low it’s just asking for weak hands to devalue the token. I mean I don’t see an issue as long as 47 continues to develop the platform and launch the bank. Progress on the company is more important at this point than being listed yet or that’s how I see it

I’d imagine if recovery takes too long for market they will reevaluate

People are naturally impatient if Forty seven bank token get listed now it does more harm than good. Like Phantam wrote the progress on the company is more important at this point than getting listed.

[Zombie259]

Just to make it clear, the decision to hold investors funds for 1 month was made so that investors don't lose their money because of the recent market drop. Some investors bought in when the price was 4$. The team simply wants to protect everyone from loses

I think that is very responsibly from the 47B Team across their investors. As you mentioned, some investors have bought when ETH was about 1000$.

That's correct. But suppose market recovery will take time then you can hold tokens for sometime. Because on holding tokens you will be edible for more benefits.

I don’t get peoples anxiousness for the token to list with the market so low it’s just asking for weak hands to devalue the token. I mean I don’t see an issue as long as 47 continues to develop the platform and launch the bank. Progress on the company is more important at this point than being listed yet or that’s how I see it

I’d imagine if recovery takes too long for market they will reevaluate

People are naturally impatient if Forty seven bank token get listed now it does more harm than good. Like Phantam wrote the progress on the company is more important at this point than getting listed.

That is the problem, impatience. What advantage have the 47B Team and the investors when the Token is listed and the price decrease like the market?

[cryptorani]

if there is no changes with the market at the end of April ? Will forty seven bank revert their investors money back or  will they still hit exchanges if the market still doesn't get better?

This is a valid question but the team already mentioned that they won't go into an exchange until eth reaches 750 to 800 usd.. By the statement even by the December they won't hold back till their condition is met.

I dont think we have to wait till December. ETH done more than 70% correction, now its time for ETH to go up. Also FSBT team is making good progress towards developing project as per roadmap. So I see good future for FSBT.

[gee777]

if there is no changes with the market at the end of April ? Will forty seven bank revert their investors money back or  will they still hit exchanges if the market still doesn't get better?

This is a valid question but the team already mentioned that they won't go into an exchange until eth reaches 750 to 800 usd.. By the statement even by the December they won't hold back till their condition is met.

I dont think we have to wait till December. ETH done more than 70% correction, now its time for ETH to go up. Also FSBT team is making good progress towards developing project as per roadmap. So I see good future for FSBT.

Development of the proposed project is what we need to be worried about than 47bk being listed on an exchange and i know the team are doing a great job in trying to gibe their investors something to smile about.

[faulerwilli]

if there is no changes with the market at the end of April ? Will forty seven bank revert their investors money back or  will they still hit exchanges if the market still doesn't get better?

Since they have long reached the softcap, there is no money back. The project starts as planned, it just takes a little longer. Some features will probably be implemented next or the year after. This is all about the exchanges, which they postpone until ETH is back at 700 - 800.
I find it interesting that they firmly believe that the value will rise again so high

[Hendobox]

Just to make it clear, the decision to hold investors funds for 1 month was made so that investors don't lose their money because of the recent market drop. Some investors bought in when the price was 4$. The team simply wants to protect everyone from loses

I think that is very responsibly from the 47B Team across their investors. As you mentioned, some investors have bought when ETH was about 1000$.

That's correct. But suppose market recovery will take time then you can hold tokens for sometime. Because on holding tokens you will be edible for more benefits.

I don’t get peoples anxiousness for the token to list with the market so low it’s just asking for weak hands to devalue the token. I mean I don’t see an issue as long as 47 continues to develop the platform and launch the bank. Progress on the company is more important at this point than being listed yet or that’s how I see it

I’d imagine if recovery takes too long for market they will reevaluate

People are naturally impatient if Forty seven bank token get listed now it does more harm than good. Like Phantam wrote the progress on the company is more important at this point than getting listed.

That is the problem, impatience. What advantage have the 47B Team and the investors when the Token is listed and the price decrease like the market?

Honestly it can be sickening sometimes, the impatience. I think anybody who invested with a good understanding will flow with this. I am satisfied with the steps so far

[Ace44]

I think FORTY SEVEN BANK isn't exchange now that is very good. But FORTY SEVEN BANK prolong ICO that is bad for invester's faith. I think FORTY SEVEN BANK should focus on implementing and accelerating the proposed roadmap. Anyway I love FORTY SEVEN BANK and always support

Hello friend,  here is a link to an article shared by Forty seven bank regarding the prolonging of ICO https://goo.gl/aQo9QQ. I think the reason given are quite reasonable,  they also put into consideration the interest of their investors which tells a lot about them.

Yes, that's the way it should be, one thing is to have a business, another is to understand when to reform modalities in order to achieve targeted results, is all about adaptation for survival, more like a survival instinct, is commendable and that should give us a glimpse of the business acumen of the team  

Agreed with Ace44 as long as there is a business logic that would impact the business then it has to be done aside from the emotional aspects of things. You don't want to build a business on random decisions without basis. As long as there are valid transparent reasons I think the decision would be sound despite how it may look like. I don't all the details of extension but I am sure the team studied all options. We just wait and see the result.

You sound like a true businessman, sometimes one just need to take a stand in what he/she believes in, as long as its on the positive side, you're good to go and that also reflects to business, just as Forty Seven Bank just did and as long as is for the good of this project, i'm cool with it

[cryptossi]

if there is no changes with the market at the end of April ? Will forty seven bank revert their investors money back or  will they still hit exchanges if the market still doesn't get better?

This is a valid question but the team already mentioned that they won't go into an exchange until eth reaches 750 to 800 usd.. By the statement even by the December they won't hold back till their condition is met.

Well we could be waiting years for it to get back up to $750 / $800. I don't really know how long they want to wait for the project to hit the exchanges, obviously I hope markets pick up quicker than that but who knows when this slump will end.

[phantam]

if there is no changes with the market at the end of April ? Will forty seven bank revert their investors money back or  will they still hit exchanges if the market still doesn't get better?

This is a valid question but the team already mentioned that they won't go into an exchange until eth reaches 750 to 800 usd.. By the statement even by the December they won't hold back till their condition is met.

Well we could be waiting years for it to get back up to $750 / $800. I don't really know how long they want to wait for the project to hit the exchanges, obviously I hope markets pick up quicker than that but who knows when this slump will end.

Lol years? It took it like 2 months to get to it’s ATH theirs no reason to believe suddenly all interest in ethereum magically disappeared in last 2 months. It’s true no one can predict the future and I would say hopefully it recovers soon

The team should give a timeline for listing nonreliant on the market though I understand protecting launch market cap but they need a plan for investors beyond the market

[Owillz]

if there is no changes with the market at the end of April ? Will forty seven bank revert their investors money back or  will they still hit exchanges if the market still doesn't get better?

This is a valid question but the team already mentioned that they won't go into an exchange until eth reaches 750 to 800 usd.. By the statement even by the December they won't hold back till their condition is met.

Well we could be waiting years for it to get back up to $750 / $800. I don't really know how long they want to wait for the project to hit the exchanges, obviously I hope markets pick up quicker than that but who knows when this slump will end.

You have a valid point there. They didn't expect the market to go this way and thus the can't also expect the market to come up according to their timing. No one knows when it will all end.

[FortySeven]

Dear contributors and our followers,
We have some very important notice for you regarding exchanges and ICO.

Please read it very carefully:
https://goo.gl/aQo9QQ

So you are not going to put FSBT on exchanges till ethereum hits 700-800 USD again? But i am glad to see that the rest of the road map will go according planned.

If the situation on the market won't change to good, and we won't see any good rebounds, we will enter exchanges as is. Right now we don't want our contributors to lose money

[FortySeven]

Some Information about the ICO, they are prolonging it for one additional month an lowered the hardcap!

https://medium.com/@FortySeven47/important-announcement-b713c24e51a7

This was highly expected and I think I get the need to extend the ICO sales period but what I don't really get is the need to lower the hardcap. Will the new hardcap be enough to compete the project conveniently?

As we are lowering the Hard cap till 5 mln, the value of tokens will be much higher.

[FortySeven]

Progress bar grown in last two days, participants count also increased by more than 100. Last 1 day, 7 hours are remains to close ICO. Lets see how much fund they will get till end of ICO.

I thought ico was prolonged for one month plus... Or they are going to end the present before kicking of with the new one?

I noticed that this Ico will ends in 1 day, and it doesn't reach the hardcap. If they had planned to prolonged the Ico, how much would be the hard cap?

Maximum supply is now 5,555,555 FSBT. Please check update in our website: www.fortyseven.io

[Nathan01]

if there is no changes with the market at the end of April ? Will forty seven bank revert their investors money back or  will they still hit exchanges if the market still doesn't get better?

This is a valid question but the team already mentioned that they won't go into an exchange until eth reaches 750 to 800 usd.. By the statement even by the December they won't hold back till their condition is met.

They just don't want their investors to lose their money, so they will wait for ETH to be high again. Anyone have noticed it ? The site has been updated. They removed the bonus 10%.

I thought they intend to raise the remaining part of the unreached cap and not necessarily wait for eth to rise  I hate to sound like this but what then happen if eth refuses to rise 

[faulerwilli]

Some Information about the ICO, they are prolonging it for one additional month an lowered the hardcap!

https://medium.com/@FortySeven47/important-announcement-b713c24e51a7

This was highly expected and I think I get the need to extend the ICO sales period but what I don't really get is the need to lower the hardcap. Will the new hardcap be enough to compete the project conveniently?

As we are lowering the Hard cap till 5 mln, the value of tokens will be much higher.

i really love this point:-)
I am following the 47BK Project now shortly after the presale was over. Unfortunately, I missed it, but since then I've gained some tokens and I'm really happy about the new max. supply of 5,555,555 tokens :-)

[Owillz]

Some Information about the ICO, they are prolonging it for one additional month an lowered the hardcap!

https://medium.com/@FortySeven47/important-announcement-b713c24e51a7

This was highly expected and I think I get the need to extend the ICO sales period but what I don't really get is the need to lower the hardcap. Will the new hardcap be enough to compete the project conveniently?

As we are lowering the Hard cap till 5 mln, the value of tokens will be much higher.

Wow. Nice to read your response  here again after a long while. Thanks for clearing that up for me. I would like to suggest that fiat payment be implemented (if not done already) during this extension period to cut out or reduce the influence of ETH dipping price on invested capital.

[cryptossi]

if there is no changes with the market at the end of April ? Will forty seven bank revert their investors money back or  will they still hit exchanges if the market still doesn't get better?

This is a valid question but the team already mentioned that they won't go into an exchange until eth reaches 750 to 800 usd.. By the statement even by the December they won't hold back till their condition is met.

Well we could be waiting years for it to get back up to $750 / $800. I don't really know how long they want to wait for the project to hit the exchanges, obviously I hope markets pick up quicker than that but who knows when this slump will end.

Lol years? It took it like 2 months to get to it’s ATH theirs no reason to believe suddenly all interest in ethereum magically disappeared in last 2 months. It’s true no one can predict the future and I would say hopefully it recovers soon

The team should give a timeline for listing nonreliant on the market though I understand protecting launch market cap but they need a plan for investors beyond the market

Yeah it could take years? It doesn't mean I think people should sell or stop buying and I am still extremely bullish on ETH/BTC and crypto in general.

I like your optimism but you can't just expect prices to return to ATH's within a couple of months after what has happened since January.

To be honest I think now is a great time to invest and I like how Forty Seven bank have extended their ICO, because cryptos are so low people will get an amazing discount on FSBT tokens.

I just would have preferred if 47B had set a target date to get listed on exchanges instead of waiting for ETH to return to the value it was previously which is extremely unpredictable.

I understand they initially calculated their token sale figures on the value of ETH when it was $750-$800 but they should have expected or taken into account that prices could potentially drop, like they have done over the last couple of months.

[rathaha10]

This was the right thing to do. They lowered the hardcap which is very smart. Now they have sold half of their tokens, and the ICO will end in 29 days. Hardcap is now really possible to hit.