What do you exactly mean by "Balint Takacs - Cryptocurrency and trading advisor"? Will the ICO funds be gambled between altcoins?

Dear Raja_MBZ,

Balint Takacas has helped us understand the Cryptocurrency market concept better. He is also dealing with trading, but that only means that he will help us to make BlokBiz token (XBZ) appear on exchanges sites sooner, as compared to normal scenario with most of the ICOs. There is absolutely no gambling aspect with the funds.

I hope this clarifies things for you, if not then please do not hesitate in asking us further.

Good day,
Blokbiz Representative

This idea is similar to the DAICO except that it will be done by an OFFICIAL platform, like yours, which is insane & great idea for this random, full of scam cryptosphere.

I hope that one day we see a working platform, probably yours, so people can invest with 90% trust that their investment funds are safe from SCAM EXITS.

Dear ansi,

We are not aware of DAICO, but thanks for your reference. Blokbiz is indeed an amazing concept. And it is not just created to help the creators of the project and the people who are willing to invest, but it is a kind of creation that is meant to help the whole Crypto industry, as you too have put it.

We assure you, it is going to be a platform, which not only will make the public (YOU) the priority, but will make everything transparent for everyone to seek through. It is amongst the FIRST aims to ensure that every single client feels 100% safe and secure.

We really appreciate your kind words and we will look forward to staying on top of all the expectations that people like you have from us.

Have a nice day,
Blokbiz Representative

Thank you very much for your question.

These documents are required even when an entity opens a corporate bank account. We will apply almost the same level of security in this sector to prevent any kind of fraudulent activity.
There is a possibility that these documents were already asked from an institution, so it's not that big of an effort from the ICO creators.

What is the selling point to these entities? It's not evident that a company that provides all these documents will appear on our website and be shown to the investors. After the compliance check we will rate project's viability and the team members' professionalism. If everything seems OK the project can finally appear to the audience. By minimizing the number of projects on our site only to the best ones, our customers would more likely invest to those companies that are checked, cooperative, open and under supervision. Thus, only by appearing on our site is a very good reference and marketing for an ICO.

Furthermore, we do not claim fix prices for the appearance, the companies cannot buy good rating, or priority treatment etc.. The whole fee is commission based and depends on the success of the funding period so projects with small capital but with a good project and experts have the chance to be listed and managed on BlokBiz.

About the trust issues. The compliance check is provided by a third-party company here in Hungary that also provides compliance, customer service and IT services to banks and payment institutions. All those documents will be stored and managed by them as they are also monitred by the authorities.

I hope I could answer your question.

Come back with another question anytime,

Kind regards,
The BlokBiz Team

Watching this project with interest and given the hope of the advantages it may bring to establishing quality of upcoming ICO's.

A new way to make an investment on some business.
And through Blokbiz we will be able to minimize any possible loss due to the business failure by having our fund saved in a form of coin, is it like that?

Dear teamhighlander,

We like to thank you for your interest in our project. We certainly have one mission, and that to make the Cryptospace a place where everyone can feel comfortable, secure and happy to be part of.

Have a good day,
Blokbiz Representative

Thank you for your question!

You are right! BlokBiz Group's intention is to minimize the possible loss due to business failure or fraudulent activity. As you may know, for most ICOs the funding part is critical, but not sufficient for achieving success. The majority of problems occur after the funding part, when no one has the power to control the project so all the invested funds can go to waste or can be stolen.

That's why at BlokBiz we demand a cashflow projection/budget plan before the funding part, so if the funding part is successful we can send out the funded amounts to the company in installments based on the attached budget plan + on their activity and progress in the project. So even if the project seems promising, the team seems professional, but because of some other factors the project can't be realized, the investors will get back their remaining invested funds so their won't lose all of their invested coins.

I hope I could give you an appropriate answer.

Come back with a new question anytime! We're happy to give you reply.
BlokBiz Team