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

[phantam]

Once ICO ends, if everything remains the same then FSBT will still be released onto exchanges. People who invested with existing holdings of ETH will be able to do as they please, if you sell, you lose nothing in ETH as you stated earlier.

It’s just an extension to give the team more time to grow to compensate for the low ethereum value while the market is down. In the end the team needs fiat to really get things moving as they need the real finances to be able to pay  for all the work and bills that come with launching an entire bank, or that’s how I see the extension

[nesh1]

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

We cant predict crypto market, what if ETH price instead of coming towards 3xx USD moved up to 2000+ USD? FSBT would have been sold out by now?

Thanks guys for your reply. So we cant say that fixing token in ETH price is good or fixing in USD Is good. Its all depend on market condition. Lets hope ETH goes upto 800 USD so that FSBT starts listing process

That will take a while why does FSBT want to do that i clearly missed a couple of things can someone update me about what happened with the exchange process?

[rathaha10]

Why does the rates keep on changing ? It was the same for a few weeks now, but it is not 47 again. Someone knows where i can find more information about this ?

[Nathan01]

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?

That is a smart interpretation; They lowered the hardcap is like they sold half of it. I think now with lowering the sale would be easier to execute given you do not have wait double the time maybe.

Yea. I get it. But still that just means less targeted amount, less number of investors needed on an average and less capital needed or raised at the end of everything. In order words still keeping my initial question valid and unanswered. But the only reasonable explanation now until I her from the team is that Maybe they had to cut down on their expenses

They would have to cut down some of their expenses unless the initial hardcap was set with a double income stream but if u do the calculations you will see that they would have a little amount for the project implementation which is very low.. So i am trying to see what 47bk are trying to do here.

Alot of us will be disappointed if the expectation of 47bk are not reached due to circumstances that may look beyond their control, I believe strongly in this project and would love the crypto world to come into full support of the platform, it will save alot of us from stress...

[gee777]

I think all investor show find solace in knowing that Forty seven bank team cares about investors, longer window of opportunity to purchase FSBT, hard capped halved therefore lowering total supply. Supporters will be the winners in the long run.

Yeah all the investors should be really happy that the team are really concern about thw outcome of their investment, this is really pure class from 47bk

[faulerwilli]

Why does the rates keep on changing ? It was the same for a few weeks now, but it is not 47 again. Someone knows where i can find more information about this ?

which rates do you mean? the price for 1 fsbt? The changes, because bsi saturday the 10% bonus was included, it does not exist anymore. The price will remain the same until the end of the ICO

[Gunny95]

will the creditcards still be issued if hard cap isnt reached?

[faulerwilli]

will the creditcards still be issued if hard cap isnt reached?

I guess so. As far as I know, they want to realize all goals, it will only take longer.
But for more details I would have to read again in the whitepaper. I'll do that only tomorrow, easter was exhausting and I'm going to sleep now :-)

[Cnote328]

ICO has been prolonged,  new investors are expected get a piece of this ICO here's a video to help new investors get on board quickly
https://www.youtube.com/watch?v=Kgr9YxmmnBk&t

[Ace44]

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?

I think you asked a wise question mate. But I think that hardcap can be flexible. Most projects don't reach their hardcap, but they are still considered a success because they passed softcap.

You are right. See the latest status on website. Progress moved more than 50% now. And still more than 28 days are remains. I am 100% sure 47B will be reach their hard cap too.

That's pretty impressive to note, i guess their new implementation of project extension is working and that should alleviate a lot of speculations in the community and further strengthen the core values of this project, forty seven bank is indeed a success and we'll all get to see it prosper

[cryptossi]

I think all investor show find solace in knowing that Forty seven bank team cares about investors, longer window of opportunity to purchase FSBT, hard capped halved therefore lowering total supply. Supporters will be the winners in the long run.

Indeed, the progress bar is looking good and knowing that 47B is globally active, so is their customer support

Did you noticed that number of FSBT token per ETH is reduced? So FSBT team adjusting number of FSBT tokens based on ETH price also.

It's good to see whilst the crypto market is taking a bit of a hit, will give still leave investors confident with the project as the price has been taken into consideration

I am now very confident in the Forty Seven Bank team, they made a good announcement about extending the projects ICO sale and their overall communications from their team is fantastic.

[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?

I think you asked a wise question mate. But I think that hardcap can be flexible. Most projects don't reach their hardcap, but they are still considered a success because they passed softcap.

Oh. I see. So that makes the softcap the most important of both caps. OK. That makes sense now. Maybe that's the reason for lowering the hardcap.

[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.

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?

I think you asked a wise question mate. But I think that hardcap can be flexible. Most projects don't reach their hardcap, but they are still considered a success because they passed softcap.

Oh. I see. So that makes the softcap the most important of both caps. OK. That makes sense now. Maybe that's the reason for lowering the hardcap.

Yep always keep an eye on the softcap its the only thing that really matters as its the point that the entire project is financially viable, so anything beyond the softcap is just icing on top of the cafe in the end. I mean its nice to make more or to hit hard cap as it shows how much demand the project has but its less important for viablity

[rathaha10]

I think all investor show find solace in knowing that Forty seven bank team cares about investors, longer window of opportunity to purchase FSBT, hard capped halved therefore lowering total supply. Supporters will be the winners in the long run.

Indeed, the progress bar is looking good and knowing that 47B is globally active, so is their customer support

Did you noticed that number of FSBT token per ETH is reduced? So FSBT team adjusting number of FSBT tokens based on ETH price also.

It's good to see whilst the crypto market is taking a bit of a hit, will give still leave investors confident with the project as the price has been taken into consideration

I am now very confident in the Forty Seven Bank team, they made a good announcement about extending the projects ICO sale and their overall communications from their team is fantastic.

I see them every day responding in their Telegram group. They sure are active and are working. I always knew that this team are hard workers .

[Anilg]

Once ICO ends, if everything remains the same then FSBT will still be released onto exchanges. People who invested with existing holdings of ETH will be able to do as they please, if you sell, you lose nothing in ETH as you stated earlier.

You mean to say FSBT will be listed at exchange once ICO ends and even though ETH price remains around 400 USD? Where you checked this update/info?

[ibininja]

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

We cant predict crypto market, what if ETH price instead of coming towards 3xx USD moved up to 2000+ USD? FSBT would have been sold out by now?

Thanks guys for your reply. So we cant say that fixing token in ETH price is good or fixing in USD Is good. Its all depend on market condition. Lets hope ETH goes upto 800 USD so that FSBT starts listing process

I don't think that would matter because it is already tied to ETH; I think the main reason why it did not fully sell is because the whole crypto has slowed down.

[jamzzz123]

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

We cant predict crypto market, what if ETH price instead of coming towards 3xx USD moved up to 2000+ USD? FSBT would have been sold out by now?

Thanks guys for your reply. So we cant say that fixing token in ETH price is good or fixing in USD Is good. Its all depend on market condition. Lets hope ETH goes upto 800 USD so that FSBT starts listing process

I don't think that would matter because it is already tied to ETH; I think the main reason why it did not fully sell is because the whole crypto has slowed down.

It's a real shame to see the crypto market ruin the ICO / raisings of such a promising project such as fortyseven, nevertheless; I still think they will raise a good amount and hopefully the crypto market starts to recover

[Ace44]

I think all investor show find solace in knowing that Forty seven bank team cares about investors, longer window of opportunity to purchase FSBT, hard capped halved therefore lowering total supply. Supporters will be the winners in the long run.

Indeed, the progress bar is looking good and knowing that 47B is globally active, so is their customer support

Did you noticed that number of FSBT token per ETH is reduced? So FSBT team adjusting number of FSBT tokens based on ETH price also.

It's good to see whilst the crypto market is taking a bit of a hit, will give still leave investors confident with the project as the price has been taken into consideration

I am now very confident in the Forty Seven Bank team, they made a good announcement about extending the projects ICO sale and their overall communications from their team is fantastic.

Yea and the extension process is gradually paying off in a manner a lot of people never expected, so they understand what it means to run a project and how to turn the tides of negativity into something much more positive and encouraging, they are indeed entrepreneurs

[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?

I think you asked a wise question mate. But I think that hardcap can be flexible. Most projects don't reach their hardcap, but they are still considered a success because they passed softcap.

Oh. I see. So that makes the softcap the most important of both caps. OK. That makes sense now. Maybe that's the reason for lowering the hardcap.

Yep always keep an eye on the softcap its the only thing that really matters as its the point that the entire project is financially viable, so anything beyond the softcap is just icing on top of the cafe in the end. I mean its nice to make more or to hit hard cap as it shows how much demand the project has but its less important for viablity

Oh. That's good. That makes sense. So next time I won't be bothered if a project doesn't hit its hardcap will only try and make the community accept it afterwards.

[Cnote328]

With all that's ongoing at the moment in regards to the current market and prolonging the ICO less we forget that Forty Seven Bank is a bank  positioned to connect the crypto and fiat markets, unite them under one roof, and offer customers the best of both worlds with a bank designed for the digital age.