Topic: [ANN] Auctus - Smart Contract Powered Retirement Planning - page 38. (Read 54442 times)

Hello gawuk, thanks for your interest in our project.

We are compromised in running a responsible ICO so we are reviewing every detail exhaustively before releasing the date. Right now the team is focused in a new version of the whitepaper. Please stay tuned and we will give updates frequently.

this project will be success i think, and famous for the future.
good luck developers and team god bless you and i like you all.

Hello and thanks for joining the discussion.

If it is possible, I would really like to hear more about why do you think this is not important in the sphere of developments around blockchain and smart contracts technology. And also, if you know any kind of initiative similar to ours, since you mentioned it is not unique.

Most of the criticisms or concerns we have received so far are related to the platform security and to the difficulty associated with regulation since we are trying to create the first smart contract-based pension fund and the first platform for retirement solutions using smart contracts. We have responded to these concerns explaining our strategy of first creating an unregulated crypto currencies-based retirement fund as a proof of concept while using the funds raised in token sale to address legal issues, and also creating other products that are easier to monetize with less regulation, such as the annuities marketplace, and having security audits and bringing specialists to the development team before publicly releasing the platform.

We have some big challenges ahead: we need tokenized traditional assets, we need to build a safe platform, we need to spend a lot of efforts and resources to operate fully regulated, among other important questions we are already addressing.

However, despite the challenges, I really don't see how this could be irrelevant, trivial or not unique. We see some projects using the Ethereum network just to create their tokens and raise funds through an ICO that are not really exploring the smart contracts potential to address "real world" problems. Of course there are also a lot of very interesting projects developing decentralized apps using Ethereum's potential for transparency and decentralization, and this is what we are trying to do. As you begin to read about pension-related frauds and problems, coupled with the belief that Ethereum technology will be consolidated and used by general public and smart contracts can be recognized as official documents, this project can be seen as a natural step towards pension market evolution.

great project sir. may i know, when is the ICO period? is it end or not yet?? hopefully, this project can reach the target and can have a high value.

Project concept pension fund, maybe this kind of savings futures with smart contrak.
Very interesting, hopefully many who invest. Apparently the date of ICO has not been determined. I wait for its update.

The allocation of funds is also good and very worth trying ICO this one, hopefully it can be as successful as the others.

Good idea, tidy website and thorough replies from the developers on any issues all signal an ICO with high potential.

But personally I don't think it's an important idea within the sphere of developments around blockchain technology and smart contracts. I do wish you much success and will be following the projects very closely. I may even invest. But the product isn't unique or necessary enough for me to intuitively feel as though it will most likely succeed.

It's a good project and a promising I also believe this has a great potential in the market that is why out of so many signature campaigns I picked one of the best and I'm proud to be one of it.

Thanks, we know its not easy but we are hard working to show that our team is able to disrupt the expanding retiree sector.

Hello, thanks for giving us feedback to work on.
No offense taken. My opinion is that these security concerns are very important, and this holds true for both traditional pension funds and any project related to blockchain and cryptocurrencies in general. Nobody wants to have anything hacked, not just pension funds.
Traditional pension funds are often fraud/scam targets and one of our goals in bringing them to the blockchain is to improve this. Of course this brings a new kind of risk, especially with recent hacks occurring in other ICOs and a vast history of other problems that have happened in the past.
But it is our team's responsability to address those risks by following a few important steps such as:

• Thoroughly testing the smart contracts that will be used in the pre-sale and in the ICO;
• Having security audits;
• Disclosing contract address previously and using ENS;

And after the ICO, before publicly launching our platform, spend even more effort and resources to assure security, hiring security specialists, promoting bug bounty campaigns, extensively testing the platform on test net before launching it on main net, gradually releasing our products to beta testers before releasing them publicly for everyone, and a lot of other measures that can be taken to reduce the risks to near zero.
The risk is not exclusive to our project, it exists in every cryptocurrencies exchange, in every ICO and in every system that handles users' assets. Even traditional banking systems are not completely safe against hacks, so it depends on the team's competence to ensure that the platform built is safe.

Good project, it's just that to keep in mind better in development, I often see many projects that fail and only get a little funding, may you succeed!

Will be following this project. The idea sounds good, the execution and then adoption is the difficult part

No offense but this looks like the next project that sounds cool and stuff but will get zero actual real time use because nobody really wants to have their pension fund hacked.

One more project that comes up again this month, the concept is very interesting, it will attract many investors to join in this project

We will list our website on all ICO listings just after we launch our new website and whitepaper, stay tuned! We probably will get some highlight packages on those sites as well.  Thanks for your suggestion

Indonesia translation done !!
https://bitcointalksearch.org/topic/ann-auctus-smart-contract-di-persembahkan-untuk-dana-pensiunan-2109560
information bounty : https://bitcointalksearch.org/topic/m.21086078

on bitcoingarden forum : http://bitcoingarden.org/forum/index.php?topic=18263.0
information bounty : http://bitcoingarden.org/forum/index.php?topic=18263.msg188350#msg188350

ANN auctus thread on bitcoingarden forum : http://bitcoingarden.org/forum/index.php?topic=18141.0
information bounty : http://bitcoingarden.org/forum/index.php?topic=18141.msg187394#msg187394

this is a great idea ,some ICO from tokenmarket sold out quickly.

Thank you very much for the support Johhny. It's great work.

Pleas keep the topic active. That will be fundamental for our project success.

There is no official date yet. The reason for this is because we are currently working on the development of a demo of the platform and finishing the website and final version of the whitepaper. Meanwhile we are also working on establishing strategic partnerships. The date will be announced soon, along with the release of the website and whitepaper. It will be worth the wait, if we rush to set a date before finishing important work in progress we can get ahead of ourselves and don't present the project in the strongest way possible. Soon everything will be in place and the date will be posted here and in our other communication channels (twitter, slack, reddit, facebook, website etc).