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

[Hendobox]

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.

I totally agree with the steps they have taken to make the project a success. It shows how brave and determined the team is to make it all work out as planned.

[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.

I totally agree with the steps they have taken to make the project a success. It shows how brave and determined the team is to make it all work out as planned.

They at least showed us that they are enable to make hard decisions about their coin. Everything in the world is a risk today, but they sure showed us here that they are not unprofessional.

[Cnote328]

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.

I totally agree with the steps they have taken to make the project a success. It shows how brave and determined the team is to make it all work out as planned.

They at least showed us that they are enable to make hard decisions about their coin. Everything in the world is a risk today, but they sure showed us here that they are not unprofessional.

Very correct mate, reduction of their hardcap will give room to increase of token price and also put a smile on existing investors faces having bought with the old hardcap and give potential investor a reason to purchase 47 token.

[phantam]

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.

I totally agree with the steps they have taken to make the project a success. It shows how brave and determined the team is to make it all work out as planned.

They at least showed us that they are enable to make hard decisions about their coin. Everything in the world is a risk today, but they sure showed us here that they are not unprofessional.

Very correct mate, reduction of their hardcap will give room to increase of token price and also put a smile on existing investors faces having bought with the old hardcap and give potential investor a reason to purchase 47 token.

Yep same way that burnoffs end up shrinking the market and leading to a better overall market cap hopefully this will remain the case for the ico as we see it come into exchanges at a reduced token cap and hopefully higher per token valueation in the long run

[jamzzz123]

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.

I thought FIAT had already been added on to this? It would certainly help with the fund raising and be attractive to other investors since how badly hit the crypto market is. Not many more people will want to sell this low

[Anilg]

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.

I agree, lowering the hardcap by half tokens is really good for FSBT token holders. Less number of tokens means good return per token as profit sharing

[cryptorani]

Guys, I just have one doubt. Dont you think keeping FSBT price in ETH is not so good decision as ETH price movement affecting token price? It would have been much better if price was fixed in USD?

[ibininja]

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

Do you mean the funds are kept in fiat or? It would great to have more details on this. Assuming ETH did not recover sooner than that what would happen? I understand ETH is not acting in favor for many ICOs and esp for 47 since the token is tied to ETH. Let us hope recovering would be sooner. At least with the reduction of hard cap things are expected to lessen a bit.

[faulerwilli]

Guys, I just have one doubt. Dont you think keeping FSBT price in ETH is not so good decision as ETH price movement affecting token price? It would have been much better if price was fixed in USD?

For us investors that is certainly an advantage, as we can buy the tokens much cheaper. For 47BK this is of course not so good right now. But they have enough reserves to wait until ETH rises again. Moreover, they only go to the stock exchanges, if ETH is back at 700-800, then they can still sell some tokens

[Zombie259]

Guys, I just have one doubt. Dont you think keeping FSBT price in ETH is not so good decision as ETH price movement affecting token price? It would have been much better if price was fixed in USD?

For us investors that is certainly an advantage, as we can buy the tokens much cheaper. For 47BK this is of course not so good right now. But they have enough reserves to wait until ETH rises again. Moreover, they only go to the stock exchanges, if ETH is back at 700-800, then they can still sell some tokens

As 47B have announced that they list on exchanges when the price for ETH is back between 700$ and 800$, it is good for the investors.

[Ace44]

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.

That's great to hear, cryptocurrency is unpredictable, you never can tell what will happen the next minute, specifying till December can be absurd, so lets just remain calm and watch the market but my optimism is on the high side, as i believe things will change for the better

[girib1684]

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%.

They changed website and options. Means they removed 10% and tokens quantity also reduced to 212. In short as per today's ETH rate tokens value approx 1.8$ each.

[kalehon]

FORTY SEVEN BANK has a strong strong concept for crypto world. Looking forward to participating on these activities.

[gee777]

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.

This was the right move and i am glad that decision was made, it has now made it easier to attract investors and reaching the hardcap possible.

[Nathan01]

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

Quite an amazingly low supply that makes a lot of sense, this should easily be among the very top coin before year end..

[Hendobox]

Guys, I just have one doubt. Dont you think keeping FSBT price in ETH is not so good decision as ETH price movement affecting token price? It would have been much better if price was fixed in USD?

For us investors that is certainly an advantage, as we can buy the tokens much cheaper. For 47BK this is of course not so good right now. But they have enough reserves to wait until ETH rises again. Moreover, they only go to the stock exchanges, if ETH is back at 700-800, then they can still sell some tokens

As 47B have announced that they list on exchanges when the price for ETH is back between 700$ and 800$, it is good for the investors.

Yes you guys have made the correct facts about the situation. It is surely a good time for investors to rack in more profit by buying the tokens very cheap. It will be a win-win

[Zombie259]

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

Quite an amazingly low supply that makes a lot of sense, this should easily be among the very top coin before year end..

Indeed a very low Token supply. If they sold all Token and reach hardcap you will have only 5.5 Million Token. The market capitalization will be around 20 million $. Not much for a Crypto Bank with all the advantages

[wingding]

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

Quite an amazingly low supply that makes a lot of sense, this should easily be among the very top coin before year end..

Indeed a very low Token supply. If they sold all Token and reach hardcap you will have only 5.5 Million Token. The market capitalization will be around 20 million $. Not much for a Crypto Bank with all the advantages

The capitalization of the project will depend on the price of the token. It does not mean that the fewer tokens, the lower the capitalization.

[Cnote328]

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

Forty Seven Bank reducing their token is big boost for their ICO sales almost half their initial hardcap price was burnt, i expect an increase in token purchase in coming days.

[Owillz]

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.

It was a wise decision but my only concern is with the current price of Eth and a lowered hardcap, will the total capital raised at the end be enough for the task it is meant for??? Was the initial hardcap not set based on the financial requirements?