🚧[ANN][PreCrowdsale]🚗FRAS🚕Official UBER partner | Crypto TAXI +Real Use Cases

[san2ok]

okay, the team is already on the main page, now ..
why total CAR COIN = Unlimited supply?
what will you do with this COIN?

because CAR COIN is given for free to all FRAS COIN holder that are met criteria, whom hold their coins in their own wallet(any wallet supported), this is POS part.
anyone that hold their coin on other exchange/ non registering members will not get CAR COIN

the CAR COIN that redeemed will be burned,,,

not many people can get car-coin, its because the rules to stake it,
must have minimum 20,000FRAS, and for each 10,000FRAS will produce 1CAR COIN
so only the people have enough FRAS could own CAR COIN, and only they can sell it to public, with their own pricing (we dont control the value)

however there are some rates of CAR COIN to redeem the benefits.
the rate of services also will inflate/deflate,depends on the CAR COIN supply and usage
only CAR COIN can be use to redeem features like = FREE FOOD, FREE STAY, FREE TOUR, etc

[san2ok]

Read here,

https://www.frasindo.com/

FRAS COIN is a Blockchain & Start-Up Incubator which have self-sustainability (have its own routine income), offers lifetime passive coin income + CAR COIN* as dividend

its dividend coins

Thank you so much for help explaining
we got news, that we had to delay the crowdsale again.. this is because United-States's regulation

the delay is 2weeks, to change all the text in website and whitepaper.
we were told to erase all "dividend" words, and find other ways/concept to describe it

we will not erase all features, only find ways, so we're not going to be branded as "securities"

CAR COIN will be still a bonus coin/daily airdrop

[EasyGoing]

Indonesia is a big market, I think the idea is great. I want to dig deeper about this project.

[mybtcasset]

okay, the team is already on the main page, now ..
why total CAR COIN = Unlimited supply?
what will you do with this COIN?

Read here,

https://www.frasindo.com/

FRAS COIN is a Blockchain & Start-Up Incubator which have self-sustainability (have its own routine income), offers lifetime passive coin income + CAR COIN* as dividend

its dividend coins

Yes, it's dividend coin but you are saying it is a start-up company and how can they play to pay for the investors because previous company car taxi failed in terms of value.

[bayu7adi]

okay, the team is already on the main page, now ..
why total CAR COIN = Unlimited supply?
what will you do with this COIN?

because CAR COIN is given for free to all FRAS COIN holder that are met criteria, whom hold their coins in their own wallet(any wallet supported), this is POS part.
anyone that hold their coin on other exchange/ non registering members will not get CAR COIN

the CAR COIN that redeemed will be burned,,,

not many people can get car-coin, its because the rules to stake it,
must have minimum 20,000FRAS, and for each 10,000FRAS will produce 1CAR COIN
so only the people have enough FRAS could own CAR COIN, and only they can sell it to public, with their own pricing (we dont control the value)

however there are some rates of CAR COIN to redeem the benefits.
the rate of services also will inflate/deflate,depends on the CAR COIN supply and usage
only CAR COIN can be use to redeem features like = FREE FOOD, FREE STAY, FREE TOUR, etc

that means you can make CAR Coin anytime and you can burn it anytime?

[EasyGoing]

Yes, it's dividend coin but you are saying it is a start-up company and how can they play to pay for the investors because previous company car taxi failed in terms of value.

They are not comparable, Frasindo and CarTaxi have different service though. And Frasindo is partnering with 3 successful companies in Indonesian market (Uber, Grab, GoCar).

[EasyGoing]

The project is supported by NXT, Ardor, and Stellar but the token will be built on Ethereum Blockchain?

[Pak De]

The project is supported by NXT, Ardor, and Stellar but the token will be built on Ethereum Blockchain?

i did not read the whitepaper yet, but from what i have just found on the website, it say's thar FRAS COIN will be released on multiple blockchain-paltform.

[san2ok]

Yes, it's dividend coin but you are saying it is a start-up company and how can they play to pay for the investors because previous company car taxi failed in terms of value.

we are not Car Taxi (that project also release on ethereum),
however we will have our own car taxi (only 1unit is needed/200cars) to support our own armada,

frasindo company is already running since 2013, and the business is finance,
(similar to our sister company AGRA MULTI NIAGA, which will doing ICO someday, to backs future FRAS's Child Project BitXplor)

we started enter bitcoin as a bitcoin mining farm company, and we have 7small mining farm (you can confirm our purchase directly to bitmaintech)
1venue can only host 30unit of antminer S5 (the electricity cable in indonesia is not enough for fullscale)
then we did not proceed to expand bitcoin mining farm anymore, because it is wasting resources, and indonesia climate is hot+humid

overtime we do bitcoin trading only,
while following Taxi Online (UBER GRAB GOCAR), we are collecting all permit and all terms required to be partner of Taxi Online, then become fully legalized by government, in other occasion also start to funding some developers to create some projects

even thou the company is build and running since 2013, in terms of new business (IT and Taxi Online) we are considered still a StartUp
frasindo didnt fail, we do have own assets, own company, own office, etc..(not rely on investor funding)

all frasindo projects focus on providing the real use-case for blockchain technology.

[san2ok]

that means you can make CAR Coin anytime and you can burn it anytime?

yes, CAR COIN is meant to be a loyalty points/voucher,
the supply+value is decided by the usage(burn) and the pricing of product/service that can be bought by CAR COIN.

CAR COIN is limited in some way, since only minimum of 20,000FRAS can stake for CAR COIN
in value, initially(during crowdsale) 1fras is fixed 0.14USD
20,000FRAS = 2800USD minimum to start producing CAR COIN/day



for every 100,000FRAS we could only gave 10days of Free car usage/YEAR,
100,000 / 10days free = 10,000FRAS
10,000FRAS = 1day free car usage/year

so, the rate of CAR COIN to be burn to redeem 1x free car usage = 365 CAR COIN


this is why, even though the supply seems unlimited, it is very hard to collect, not to mention the product/service pricing could rise too..

[kermitas]

Dear san2ok,

regarding to possibility to classify Fras Coin/Frasindo dividends as securities.

Other projects that make ICO/crowdsale also had this problem. I've heard that they require some kind of (simple) actions from investors in order to get dividends (like clicking something or accepting something from time to time). So dividends then does not come to investor that 'sitting, waiting and doing nothing'. Investors are asked to be active (like answering questions, voting, have influence on company decisions).

Just my two cents, maybe that can help.

[san2ok]

Which countries will be your main market to operate this business beside Indonesian?

for FRAS COIN, is only Indonesia, since indonesia is so vast, we dont think we could meet national needs of transportation

however the CAR COIN, someday can be use on other region/country,
also all child-projects of FRAS COIN could reach global, and become bigger than FRAS COIN it self

[san2ok]

I want to know more about CAR COIN things. Your website says to get CAR COIN, we have to own and keep enough amount of FRAS COIN in our wallet, or buy CAR COIN from FRAS COIN holders or stakers. Will CAR COIN be tradable on exchanges? Or there will be internal exchange or anything to make it transferable?

yes, someday we will re-brand CAR COIN, so it can be use on any other FRAS's Child-projects
someday can be listed on exchange market,

currently there will be internal exchange.. also car coin already can be print as a voucher and transferable..

3of upcoming FRAS's child-project is an exchange market (2centralize universal and 1decentralize based on Ardor+Stellar),
it will support all frasindo projects

[kermitas]

san2ok,

are there plans to update whitepaper and/or roadmap? If yes can you share the date when new files will be ready?

Also it would be nice to announce availability of new version somewhere (for example here, in this thread) with a list of changes/updates comparing to current whitepaper and/or roadmap.

[kermitas]

san2ok,
I have read whole whitepaper - thank you for a great work.

Although I would like to clarify what are ways to transfer investment. Will you accept only BitCoins or maybe there will be other possibilities (like sending ETHers to some ERC20 smart contract)?

[kermitas]

san2ok,
because it is hard for me to catch for what will be used Stellar and for what Arodr's IGNIS maybe you can give us some light on that?

I need to add that I am huge Arodr supporter so in my ideal world I would love to see whole Frasindo company, Fras Coin, Car Coin and future projects to fully utilize IGNIS child chain or even better --> project's dedicated child chains! By 'fully utilize' I mean all that platform can offer: coins/assets/tokens management, messaging/chat system, legal papers and certificates as key-value properties (or just as assets), voting system, revenue/dividends management and distribution via phasing/smart transactions, blockchain data store/file upload, ..., ..., ...

[bayu7adi]

The project is supported by NXT, Ardor, and Stellar but the token will be built on Ethereum Blockchain?

how about this question, san2ok?
why do you use Ethereum Blockchain instead of all your supporters? Will not working with supporters get something special?

and if CAR Coin goes to the market exchanger, how do you keep the market price stable and make investors believe in this unlimited supply?

[roadwell890]

I've read your one page, and when I see its roadmap, it just confuses me.
Link roadmap without aproximately date : https://drive.google.com/file/d/1N42UKF1xKStwQo_zn8bL_moOOyBnwoXg/view

can you give me an estimate, when will this platform launch? thanks for your response

thank you for the criticism, the roadmap is with branch, so the community could vote its path, all of those business is related to each other
but still community could propose/input their ideas, and also to be voted by the communities


the platform=
you mean the business? it is already running since october 2016, you can already see the GPS section and trace it to 1month back
(while the company itself being build slowly since 2013-2014, you can see the incorporation documents, also shared)

in terms of  frasindo backend and all features, we're still speed up the work

we dont want to sell ICO with just an idea and hope to be funded to build a private company, that is IF the funds not really being used in honest project.
what we try to provide to the community is a fully build projects, and half finish, we dont just sell some ideas..
so you can expect all FRAS Child-Project will also the same(build first and market it in already running product)

sounds good, when I was in Jakarta (Indonesia), and observed UBER, GOCAR and GRAB, the three of them competed with different marketing strategies, but they expanded their business to other potential countries. Then whether this business (FRASINDO) will only run in Indonesia alone without expanding to other countries?

[elwiswoodie]

is there no Pre-Sale period for the purchase of FRASCOIN? usually PRE-SALE is held to welcome investors with a small number of participants, but the contribution is large, so the price is cheaper than the price of the coin when the ICO or Token SALE period

[btcyoda]

Which countries will be your main market to operate this business beside Indonesian?

for FRAS COIN, is only Indonesia, since indonesia is so vast, we dont think we could meet national needs of transportation

however the CAR COIN, someday can be use on other region/country,
also all child-projects of FRAS COIN could reach global, and become bigger than FRAS COIN it self

Seems to be very interesting you have given some good deals for investors because you have shared some good information about you previous record and this makes more attractive to the investors.