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

[kermitas]

Glad to know you,
we already OFFICIALLY listed as member of ANG (Ardor Nxt Group)  we both supporter of ARDOR

We have no other ideas for The messaging except for military or airlines code
Even if we create it.. We still dont have links and ideas to applicate.. And what purpose of it..

However
Voting will be use eventually.. We are preparing vote mechanism at frasindo platform and will migrate to vote through blockchain.. Or create a vote app for government/institution purposes

Already have plan for multisig and dividend feature and phasing + shuffle
Also legal papers and marketplace also decentralize exchange

There are few ways that you can investigate which one will be better:
1) create (develop) all needed functions/functionalities on Frasindo platform (the one that uses see after logging in) and, for those functionalities that touch values, under the hood use blockchain (for example: keep one Ardor node up and communicate with it using JSONs)

2) use as much as Ardor wallet (to be precise: Fras Coin child-chain) can give (functionalities that are currently there and ready to use) and only for those very custom develop them by hand on Frasindo platform.

And maybe one minor thing: to eliminate barriers Frasindo platform should support many languages. In case of Ardor wallet there are few translations already done. We (Polish community) are in progress of translating it into Polish.

[san2ok]

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?

Indonesia is so big there are hundred of cities.. In total population of 250million people need of cheap+easy but comfy transportation

For FRAS COIN, We will expand to other country if we already have enough armada in many city in Indonesia

We think, it is better to focus on indonesia where we are experienced with this country culture+regulation+people behaviour+cost+ most importantly expanding to tourism, logistic, etc

By aiming the FRAS COIN in indonesia, we could focus open many opportunities, to produce alot of child-projects



CHILD-PROJECTS
No worry for child projects, we will directly expanding to surrounding country
Here is the example=
we aim bitXplor and CoinRupiah will expand its businees legally in Singapore, Malaysia, Thailand, etc (we're focussing the market at foreign workers whom want to send their income to their family in villages)

[bayu7adi]

if CAR coin is distributed daily as dividends and plans from developers to include CAR Coin on exchangers, it may be useless

if CAR Coin is so useless, you can give it to me.
I live in Jakarta and if you know, that transportation here is needed by people like, office employees.

Why office employees desperately need an online transportation?

1. In Jakarta parking lot is very difficult, so for users who do not get a parking space will feel confused

2. Online transportation services are very cheap compared to traditional transportation services

3. Good services will be obtained by passengers online transport

4. We do not need to jostle like train users

[san2ok]

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

There is reason why we dont do pre-sale
I will explain below

(it is not officially open, However the frasindo.com/shop is already fully active, if anyone want to contribute they can do so.(currently there are already some member contribute) The FRAS COIN it self will be distributed manually because we dont fully trust all IT among frasindo team, so the distribution is not automatic, and will be held after the crowdsale ends)

We cant do bombastis bonus of coin, because
NO REAL BUSINESS with 1 on 1 asset comparison could give so many bonus..

.
That bonuses of FRAS is real money and real cars..
IF we gave to much, then we are sacrificing other supporters too.. +harder to BEP (Break Event Point)

.
We dont doing ICO where we could take as much coin and %average all contributions (smaller supporter will lose to the larger supporter)
By this ICO percentage.. Supporter own small+floating ownerhip and that asset ownership is hard to divide.
+NXTfoundation dont allow us do ICO

Instead we are doing CROWDSALE
Crowdsale is based on ASSETS Directly
Meaning.. The fraction of that assets is owned by yours, counted by individual car

[san2ok]

it seems some weeks ago the Indonesian government has rejected bitcoin through Bank Indonesia? How can coin-based businesses grow in Indonesia?

  hehehe.. for them (bankers) to read
BANK OF INDONESIA, DO NOT own our country and they DO NOT create the law

The Government DO NOT reject nor forbid Bitcoin and any coin

We at PT.FRASINDO LIMA MANDIRI and PT.AGRA MULTI NIAGA love cryptocurrency and fully support it, especially we support "Deflation" and "Token Economy", we help people to know and use cryptocurrency, and help them facing the law (not confront it directly)

We are law abiding company, and=
1. We are not allowed to use any coins as legal currency, and replacing IDR (Indonesian Rupiah), it is mutiny and very serious crime.
(Well.. We dont use crypto as a currency to buy noodle and ramen)

2. We must have legality
(As a company we already are legalize by government)

3. Crypto coin/token is a utility coin within crypto community, it is a token/collection items among us

4. We are not allowed to fundraising through fiat
And we do innitial funding by own funds.
(We're only collecting utility coins)

5. We are not allowed to give intrest
(Since AGRA will have koperasi backing it, also our company is in cooperation +same office with "koperasi permai", we can overcome this regulation, and soon bitXplor-AGRA can receive savings/deposits+intrest)

6. Etc..

Currently there are many crypto based company in indonesia, and some of them in fact already backed by BUMN the Child company of government (ANTAM and POS)

[san2ok]

but Ripple issued a statement that he is working with Bank Indonesia.
I do not know this news is true or not, but I think the Indonesian government is playing Cryptocurrency

source : https://edukasibitcoin.com/bi-kecolongan-selingkuhin-rupiah-demi-ripple/

actually I am interested in this project,
but why use Ethereum?
why FRASCOIN is not based on NXT or other supporting blockchain?

FRASCOIN will be supported by many blockchain platform and will have its own blockchain eventually
All child-projects will also migrate+focussed in our own blockchain..

For the moment, FRASCOIN available for ethereum ardor and stellar
Further expansion will be voted by the community

[san2ok]

Did you have a chance to read 'one pager' https://drive.google.com/file/d/1hE2Wqi8dlzIpmVntMluZL32HhwsOWCdt/view ? See thos blockchains there?

Now it would be good if Sandy (san2ok) would clarify for what & how each of those blockchains (Ardor, Ethereum, BitCoin, Stellar) will be used.

Most of our project (use-cases of blockchain technology) will be build for Ardor and Stellar

Ardor&NXT feature is the most easy to use
Will use its feature such as
Decentralize exchange market (mix with CoinRupiah)
vote (optional)
token creation (ICO service)
child-chain (all our projects will below our own chain)
Finance management (multisig+related to all childprojects)
Marketplace
 


While
Stellar is the most supportive for micro-transaction and we love stellar since 2years ago, we actively help its vision fight poverty
In fact stellar already indirectly help us thrive
There are so many projects will be for stellar


There are already to much project for ethereum, all our projects will connecting/add ethereum, but will not focussing on ethereum for now.. (But maybe in the very far future, such as logistic or autonomous taxi)


For bitcoin, we plan to support OMNI and Counterparty

[san2ok]

Round #1 open 4days, get 20% BONUS = extra Profit Share of 78.00%

the bonus I get when buying FRASCOIN is 20% or 78%?

20% bonus FRAS And 78% bonus dividend is different but related
You GET BOTH of it
If you have more FRAS you get more dividend
Note=
(Currently The dividend feature is under re-format by law-firm)


Here are the example=
A. You bought 1000FRAS during 20%crowdsale period
Then you get 1200FRAS

B. Since you got 1200FRAS, meaning you have 200FRAS more than you should 1000FRAS.
you get additional 20% of bonus dividend
While in default..
Any fras holder only get 65% bonus dividend
So 65+20% = 78%

This bonus dividend will be shared per-period (by vote)
Or be compounded to add more armada, in which will generate more income..

[san2ok]

do you have a clear reason about the expansion plan that will be done by FRASINDO?
I have seen the contents of the roadmap, and I do not find any platform plans to expand to other countries

Yes we have expansion plans to other countries, but it is not done by FRAS COIN

The expansions are through FRAS Child-Projects such as=
MyStellar.org, bitXplor.com, coinvit.com, coinRupiah childs, etc..

Remember..
1. All of those child projects will do ICO (10% of ICO earning also owned by FRAS Holders)
2. and will airdrop 10% of its coin to FRAS COIN Holders for FREE
3. Also since 10% of its coin is given to FRAS Holders, as a FRAS Holders you also entitled to 10% of its bonus dividend.


Coinvit is upcoming exchange market
CoinRupiah is stellar based anchor/gateway (will have KUPU-government regulation)
BitXplor is stellar based remittance +multi blockchain wallet backed by credit union (can receive deposit+give intrest)

MyStellar is the largest stellar forum, currently already have income(upto100,000XLM/periode)
and in the near future 10% of its income is owned by FRAS Holders

[san2ok]

"Or do you have a plan to do market expansion to" - for those who asking like that - you know ... they can always have plans ... many plans to conquer the world. So on that question you can get simply "yes" as an answer.

I think focusing on expansion and 'future plans' should be replaced by focusing on mastering and expanding current business.

Yes correct, we will have both LOCAL and GLOBAL

FRAS COIN is for local, not even UBER+GRAB+GOCAR joined together can satisfy the needs of Indonesia (country scale). Indonesia have 35province consist of hundreds of cities

While
bitXplor will release its own coin
CoinRupiah will also release its own
Warnamu, coinvit, and all other child-projects will also release its own coin and do ICO.
And ALL will give 10% of its coins+earning to FRAS Holders

today the price of Ethereum changed, could FRASCOIN price also change for investor?

Yes, the price of FRAS been fixed in FIAT
1FRAS = 0.14USD

[san2ok]

if I may know, what other uses of FRASCOIN other than getting a share of the profits from this business operation?

Someday it can be use as a medium of value
Because all our Child-Projects will support FRAS COIN
Such as Crypto ATM, and redeem FRAS when transport using UBER GRAB GOCAR within frasindo cars

What would frascoin do to educate people to understand about this technology?
This is important, so that the government believes the Indonesian people are ready for this technology.

Yes, in the near future, the team been invited to some local university(using local language), to talk about frasindo vision of blockchain tech, and its function in real-life.

[san2ok]

I am waiting for a response from the team or developer to respond to the question above, why do not they come to the surface?

usually a developer does not jump directly discuss here, maybe just some time. maybe just the existing community manager

but if you contact him by telegram, maybe the result will be different

So sorry, we have been busy with so many things,
but we always live on the telegram chat..

I will discuss in bitcointalk even more..

We dont hire more people to answer at bitcointalk, because they may dont understand how to answer many different questions

[san2ok]

what if ICO does not reach Softcap? is there any guarantee that assures investors that the investment funds will be refunded entirely?

Please check whitepaper, come back and share with us your findings (there is something mentioned that unsold Fras Coins will be frozen).

Does this mean the unsold token will not be burned and go to the developer's hand?

Frasindo is already fully working company
We dont sell ideas and build after got the funding
(most of the ICO that, while we dont burn your funding against your self)

Even without anyone support, we will still release the FRAS COIN (we have enough strong innitial funder, eventhou the expansion will be slow, without community support)

with more supporters we could speedup the company and full-fill all roadmap

Currently there are some child-projects already in production.. (With inhouse funding)


The UNSOLD FRAS COIN wil be frozen and will be release per-period in the form of limited sales of FRAS, limited amount, maybe cheaper, but definitely had no bonus; OR the dividend will be used to brought FRAS, and the coin will be shared equally, using ARDOR dividend feature

[san2ok]

Does this mean the unsold token will not be burned and go to the developer's hand?

Please check whitepaper and share the answer to all of us .

hi kermitas, are you the community manager of Fras coin project?

No, kermitas is not the community manager of Frasindo

However we are very gratefull, Mr.Kermitas willing to help us answer at bitcointalk..

We have been in talks with mr.kermitas at telegram via direct email
He ask much, and what he gave you is all the questions he ask

[san2ok]

FRAS Coin uses IGNIS Blockchain for voting purposes,
however the IGNIS vote will be used to decide important decissions which is Roadmap flow, project taking, etc.

the VOTE on ardor platform is not for its own purposes only
You can also doing so.. If you willing to burn some ignis..

We will use inhouse vote within frasindo platform
However for very important one, will use ignis ardor votinh feature

is it true that CAR Coin is given to FRAS Coin holders every day?

yes. according to the statement I read on the FAQ Website ..
at least investors can enjoy free hotel and holiday services for some period of time with this Coin CAR

YES, as long as you had enough FRAS in your own wallet
(either in stellar wallet, or ardor, or ethererum, or any future supported blockchain platform)

Car voin can be used to redeem FREE STAY(can be in hotel/hostel/inhouse rooms by frasindo, erc) and YES holiday services(tour+guide in indonesia, such as maybe BALI)

[san2ok]

FRAS COIN is the Mother-Project, therefore all other Frasindo’s Child-Projects

can someone mention Frasindo’s Child-Projects? It seems more convincing that Frasindo is a big company

We already had 1 project in running since 2years ago.
Which is https://MyStellar.org it is the largest stellar forum, already had income upto 100,000xlm per periode

Those income(on the new periode), 10% of it will also given to FRAS Holder

The NXTfoundation ask us to delay the launch since may2016..

Other childproject that is already running=
Upcoming warnamu.com the web is not ready yet, however you can see daily sales in live, upto 300packages/day and raising (its a facebook store with current group-name "sisa ekspor sale by thebrashop")

(Note, the dividend is under re-format by law firm, to avoid us being cathegorize as securities)

[san2ok]

if CAR coin is distributed daily as dividends and plans from developers to include CAR Coin on exchangers, it may be useless

Oneday YES, but for now.. We dont

The CAR COIN can be re-brand as loyalty point than can be used as bonus voucher on every child-project frasindo had

[san2ok]

if I am a driver from UBER CAR, can I do a car rental using FRAS Coin?

and if I am a passenger who wants to go to Ancol, do I have to have CAR Coin to pay the tariff?

"Someday YES", FRAS can be used as a token to exchange the payment of uber grab and gocar if you happen using frasindo cars.. Basicly it ask us(the company) to pay the ubar fare for you.. So we still using fiat..

Yes. CAR COIN can also be uaed to redeem "free car usage"
Meaning, you can use it anywhere for 1day, as long as you dont out of boundries..

When the car out of boundries, we xan set the car tobe auto-off, or only giving alarm (red car)
Check on FRASINDO.COM/GPS

[kermitas]

because we dont fully trust all IT among frasindo team

That is not good news ://.

The FRAS COIN it self will be distributed manually

If may I suggest something. Many investors may not invest if coins/tokens that are 'distributed manually'. For example I didn't invest into Fire Lotto because I have checked their smart contracts (as well as luck of them). They will do 'manual distribution' and no one knows if that is true or a scam.

When we are speaking about Ethereum there should be no space for any 'manual actions' to eliminate possibility that - for example - issuer (in this case Frasindo) will be hacked and all coins/tokens or invested funds will be stolen. Luckily that is not a problem on Ethereum to use one of ERC20 smart contracts that will absolutely guaranteed that right number of Fras Coins will belongs to investor (to the Ethereum address from which ETHers were send).

Before crowdsale start (on Ethereum that means 'before hardcoded block number') all investors should be able to review all smart contracts (there can be one or more) that will be used for crowdfunding process and take their own decision to invest or not. 

[kermitas]

EDIT: removing this post; accidentally post number #166 has the same content

Sandy,
will Fras Coins be issued just on one blockchain or on many (like Fras Coin child-chain on Ardor, on Stellar and on Ethereum)

If 'yes' then how do you plan to do crowdsale and how Fras Coins distribution will look like? (for example: 1/3 of all Fras Coins will be available at Ethereum, 1/3 at Stellar and 1/3 at Ardor's child chain?)

If you are planning to use many chains it looks like a challenge! Can you give us more light on that?

PS: interesting thing is that Fras Coin on Ardor's child-chain will be a 'coin' while on Ethereum it would be a 'token'