Topic: [ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat* - page 315. (Read 418460 times)

Hi Dev,

I have to say, its good to see that you are responding to questions constructively I do not see that happening often.

Could it be possible to prioritze the White Paper, as I understood from a previous post it is almost finished. I am asking because it could solve a lot of problems/questions quite quickly.

Cheers

Nothing is of course "safe". However our arrangements are further than anything I know of in the crypto sphere, except for maybe some of the XEM Japan hype that we haven't examined in detail. Haven't heard of any fiat licensing initiatives with WAVES or others. Your questions would fit perfectly on-target at their promo, and the answers would be interesting.

It's just an article. I'd say such fears are not substantiated. Regulation will rather enhance the operations in part because it removes the business from the gray area and places it under the umbrella of legally accepted financial services.

These developments last week have scared many people I know. I'm not worried, as it's something to be expected sooner or later. The fast track that AML implementations within EU now seem to take doesn't affect HEAT, for two reasons:

a) Fiat operations are only one part of HEAT's many focus points. Not marginal as they have great potential, but not overly significant either.
b) More importantly, we're prepared for compliance. We have national money transmitter license application pending, coordinated through a JV partner Fintech company that can't be disclosed yet. This license, when obtained, will enable fiat payments on tech that uses HEAT or a white-label implementation of it. We expect it to be feasible, if not plain right simple, to extend the license to EU wide operations.

KYC is not a problem. Our JV partner uses it all the time, and also FIMK is using government approved KYC in its basic income structure. We can deploy sufficient KYC procedures both technically and otherwise at any time to either our own operations, or the operations of a customer / partner.

That said, the HEAT token itself won't be needing KYC / identification any time soon. HEAT is a virtual currency, decentralized p2p ledger like any cryptocoin. The legislation concerning virtual currencies apply here. While I'm not a legal counsel I know that everyone is responsible for her own usage of a cryptocurrency - not the developer of the token.

I don't think that's the case. If it is however, then nothing will help. HEAT is as prepared as can be.

I know the laws rather well. We've successfully pushed FIMK through two accounting periods, full reporting with the accountants whom I consulted to take the necessary measures to make it smooth. All without issues with the authorities for a nonprofit official organization that received 250 000 EUR in cruptocurrency funding. Not for the faint of heart.

HEAT Ledger is fully transparent, official limited company with reporting requirements fulfilled, constantly being advised by qualified accountants & legal team that helps us steer through the ICO & IPO phase. ICO and subsequent options release and IPO in a high bureaucracy EU country, the whole process sanctified by the government authorities. That's what we're doing.

The HEAT token itself is not fiat related. Fiat is done through a separate fintech company that will receive the license(s). I can only say we've gone to great lengths with our accountants and lawyers clarifying the required processes since starting this plan about 6 months ago. Legislation is a moving variable, however our team is staying on top of it. If you want to be invest in a crypto startup, the odds are you won't find a better setup anywhere in the Western world.

I hope this has eased your concerns. I'll attend to the token technicalities in the next message.

Thought to invest. But no whitepaper, or a github...I will wait...

agree we can dump it to 10 sats and pump it the sky later

just trying to see what the dev team has in mind

Buy walls are for losers.

ty for the answer

will it start trading on ccex soons  ICO is done?

will there be buy wall in place ?

Heat Ledger Ltd is a registered limited company, rather than "dev"

It's meant to be simpler for FIMK, NXT and ETH holders who want to use their holdings directly.

Also selling the required amounts of FIMK & NXT would affect their exchange rate significantly, not even possible with the low volume of FIMK.

The HEAT not reserved? All 25 Million HEAT will be distributed to the pledgers. So in the case of not sold out ICO, each investor will receive a higher stake.

hmmm ...second ico from these guys in 2 years. i dont think the investors of FIMK like that kind of roadmap...

informations or updates in FIMK habe been very rare about that time. look at the forum. not more than promises about news over months. lately a short info to the fimk investors about HEAT forum.fimk.fi

nice quick ICO .... haha

why can't  the dev make ICO with one currency?

other coin holders too stupid to sell and buy with btc?

i may be too cautious but this is giving me the red flag

why make a simple process so complicated i don't see any reason for it  

have you ever heard of the term "Keep It Simple"

and what do you do with coins not sold?

any plan for exchanges after the ICO?

Will this coin die or dev team stop to post updates or work for this coin if the ICO didn't go well? Or if it is not traded well after the ICO.

It could be problematic, depending on whether coinbase keeps that bitcoin address active. Please ensure that address is available for your access later. Send me a private message to discuss any details.
[/quote] ok,done

very good questions... sorry if i missed the answers somewhere, but im curious about this too.

Ok, so you're going to collect 300+ millions (some 60%) of FIMK , right? what for...?

See, the problem here is that if you ask yourself if you would see this as a professional project, what would you think? And you say your partner "made a mistake and came in answering them in a bad way, giving an impression most of the important parts are being avoided". You do the same exactly now if you compare my post and what I questioned and what you quoted and reacted on.

For me it's not just about the fact that you didn't provide basic informations (like a Whitepaper) before you do an ICO. It's revealing if I want to know more about your priorities. And those priorities are obviously the ICO-money because it doesn't need money to give informations and to write a Whitepaper.

And like I've said, there are:

1. professional projects
2. non-professional projects
3. scams

Not saying it's 3. But I'm sure it's also not 1. My guess for now is: It's a mix of 2 and 3. Maybe honest intentions but money before.


And I only would invest in 1.

Okay great thanks.

Heath Ledger is not happy with the name of this Coin

You'll receive a code to your email, which you can use to claim cashback once you have your HEAT tokens in your wallet.

It could be problematic, depending on whether coinbase keeps that bitcoin address active. Please ensure that address is available for your access later. Send me a private message to discuss any details.

I sent bitcoin from my Coinbase account , I can get my token ?

How does the bonus for signing up to the newsletter and later IPO work when buying from C-Cex?

Yes if it has static bitcoin address.

We'll arrange the token redemption process that for Bitcoin users will include either signing a transaction, or another messaging solution on the Bitcoin protocol. Any way, it'll be made simple enough and if you have access to the sender Bitcoin address you're covered.

HEAT of course has its own blockchain in which the HEAT tokens exist (even when the HEAT client supports access to BTC blockchain also)