[ANN][🔥CROWDSALE🔥] Luxcess Group CRYPTO-FOREX FUND with TRACK RECORD-2014 🔥📈🚀 - page 82.

Ace44

member

Activity: 672

Merit: 11

Quote from: rezzx on February 07, 2018, 04:57:44 PM

Quote from: Nathan01 on February 07, 2018, 03:50:12 PM

Quote from: rezzx on February 07, 2018, 12:22:32 PM

I agree that this is an odd business model which I haven't seen anywhere else. However I assume that they have withdrawal limitation in extreme cases where too many people want to withdraw their money, otherwise this can indeed lead to bankruptcy. I guess we will have to wait and see how this turns out, maybe the fee structure will be changed in the future to allow more stable income.

I for one have no issue with the 30% sincerely when the following can be answered satisfactorily..

Is my investment safe?
Even at 70% withdrawal can I still get it when I want to?

I think investors will look this direction more... You will agree with me that 100% gain is good but some of the factors has to be considered too

But that's the point, you can't have it all. You can't expect both instant withdrawals at any time and that the fee will be taken only from profits. This is bad business for Luxcess because in cases when many people want to withdraw their investments at a loss, they will be short of available funds and they won't be making any profits from the fees either. So in order for them to be able to run their business in a stable manner, in such extreme cases they will have to either take some fees from losses or restrict the withdrawals to some extent.

But i don't think is bad, i mean, is business, lets say i invest $1000 and make 100% of my profit, 30% is taken to run the business, is fine, is trading and the fee is used for the viability of the project, my personal opinion

ganeshramk

full member

Activity: 868

Merit: 104

Quote from: luxcessgroup on February 07, 2018, 10:11:43 AM

Quote from: nxnqauff on February 07, 2018, 10:03:55 AM

Quote from: luxcessgroup on February 07, 2018, 09:34:43 AM

Quote from: aurelius66 on February 07, 2018, 08:53:57 AM

Do the team's developers have active GitHub profiles?

Unfortunately our developers for the platform must stay anonymus at the momment, because of some contract clauses that they have...
We would also rather see that they are publicly published, but we can't do that right now, we are sorry about that.. Undecided

Luxcess group

This is something which I did not expect. Because normally team members are published by the project and that will show the project as legit to certain extent. This kind of transparency will boost investor sentiments.

We Will publish one of our other developers soon, but unfortunatelly for now we can't put others, we are hoping that we Will resolve this as soon as possible to, because as you said, transparency is the key nowadays..

Luxcess group

It's really good to immediate response from the team and also honest behaviour. That's very good for the whole community. Trust level will go up if this continues like this.

Ace44

member

Activity: 672

Merit: 11

Quote from: Ares0211 on February 07, 2018, 03:09:41 PM

Quote from: faulerwilli on February 07, 2018, 02:56:17 PM

Quote from: luxcessgroup on February 07, 2018, 10:11:43 AM

Quote from: nxnqauff on February 07, 2018, 10:03:55 AM

Quote from: luxcessgroup on February 07, 2018, 09:34:43 AM

Quote from: aurelius66 on February 07, 2018, 08:53:57 AM

Do the team's developers have active GitHub profiles?

Unfortunately our developers for the platform must stay anonymus at the momment, because of some contract clauses that they have...
We would also rather see that they are publicly published, but we can't do that right now, we are sorry about that.. Undecided

Luxcess group

This is something which I did not expect. Because normally team members are published by the project and that will show the project as legit to certain extent. This kind of transparency will boost investor sentiments.

We Will publish one of our other developers soon, but unfortunatelly for now we can't put others, we are hoping that we Will resolve this as soon as possible to, because as you said, transparency is the key nowadays..

Luxcess group

that seems a bit strange to me. what contracts should that be? but i want to believe your words an I'm ready to wait for the presentation of the DEVs, hopefully this will be done before the ICO launch. would really like to invest, but still there are too many question marks for me

When they have contracts with other companies or are part of other projects, than this is a common practice. You see parts of the team with Pictures and names. Of course they could be wrong but.. thats a possibility for nearly every project.

Yes, you do have a point, most investors however don't like to be showcased on the project profile for personal reasons but is best such are settled by both parties before they go to the public because any disagreement will surely put a strain on the project

rezzx

newbie

Activity: 70

Merit: 0

Quote from: Nathan01 on February 07, 2018, 03:50:12 PM

Quote from: rezzx on February 07, 2018, 12:22:32 PM

I agree that this is an odd business model which I haven't seen anywhere else. However I assume that they have withdrawal limitation in extreme cases where too many people want to withdraw their money, otherwise this can indeed lead to bankruptcy. I guess we will have to wait and see how this turns out, maybe the fee structure will be changed in the future to allow more stable income.

I for one have no issue with the 30% sincerely when the following can be answered satisfactorily..

Is my investment safe?
Even at 70% withdrawal can I still get it when I want to?

I think investors will look this direction more... You will agree with me that 100% gain is good but some of the factors has to be considered too

But that's the point, you can't have it all. You can't expect both instant withdrawals at any time and that the fee will be taken only from profits. This is bad business for Luxcess because in cases when many people want to withdraw their investments at a loss, they will be short of available funds and they won't be making any profits from the fees either. So in order for them to be able to run their business in a stable manner, in such extreme cases they will have to either take some fees from losses or restrict the withdrawals to some extent.

phantam

full member

Activity: 546

Merit: 106

Bountyhive.io

Quote from: Gunny95 on February 07, 2018, 04:31:07 PM

Does anyone know how the airdrop of Luxcess works?

There is an announcement on facebook that there will be an airdrop but I dont understand how it is organized:

https://www.facebook.com/LuxcessGroupPage/photos/a.189547564973770.1073741832.158118964783297/189547578307102/?type=3&theater

Ya i'm hoping we'll get more info on it but i must have been missing something as i can't figure out how to actually participate in the airdrop lol.I just asked on their webchat and they responded right away apparently you have to join telegram to participate in it, and then saw someone posted a link to another luxcess btc page https://bitcointalksearch.org/topic/airdropround-2-2869121

edit: and apparently it closed earlier today Sad

FireDemon

member

Activity: 140

Merit: 10

The whitepaper says that you can withdraw your investment at any time with from the royal platform. Of course this is a big advantage over the usual funds, where you often have to wait a long time to get your money back

Gunny95

member

Activity: 252

Merit: 11

Does anyone know how the airdrop of Luxcess works?

There is an announcement on facebook that there will be an airdrop but I dont understand how it is organized:

https://www.facebook.com/LuxcessGroupPage/photos/a.189547564973770.1073741832.158118964783297/189547578307102/?type=3&theater

Nathan01

member

Activity: 728

Merit: 11

DocTailor IEO on Zloadr

Quote from: rezzx on February 07, 2018, 12:22:32 PM

Quote from: cryptossi on February 07, 2018, 10:58:19 AM

Quote from: rezzx on February 07, 2018, 10:52:40 AM

Quote from: cryptossi on February 07, 2018, 08:48:36 AM

Quote from: luxcessgroup on February 07, 2018, 07:45:18 AM

Quote from: cryptossi on February 07, 2018, 07:32:06 AM

Quote from: luxcessgroup on February 07, 2018, 03:10:04 AM

Quote from: faulerwilli on February 06, 2018, 05:26:35 PM

Quote from: rezzx on February 06, 2018, 03:02:35 PM

Cryptossi has already asked in their Telegram channel, and the 30% is taken off every investment, also if it loses. So this leads to the obvious question: 30% of what? 30% is alot, but I guess people can live with it if it's taken off their profits. But if it's taken off losing investments aswell, then there are no profits to take 30% off of them. That leads me to believe that 30% fee will be taken off the amount invested. Now if this is the case I think this is way too much and I doubt many people will agree to invest with such fees. Hopefully the team can clarify this for us as soon as possible.

maybe he got some wrong information. what if they lose all my money, do i have to pay then 30%. For example i lose 100$, i have also to pay 30$?
or did i understand something wrong?

Hello,

the 30% profit share is deducted only from profit that we make, it has absolutely no connection to your initial investment, and lets say that we do not make any profit on ceratain month, you won't have to pay anything. So as said 30% will only be split from profit making

Luxcess group

I apologise, I must have misunderstood Luka's response, I do not want to be portrayed as spreading lies about this project.

I asked one of your team members this question on telegram last night and they told me 30% will be taken on all transactions, it turns out this is incorrect and I'm happy about this because that fee seemed incredibly high!

I really think Luxcess should re-evaluate its marketing & communications team, you are not giving out clear information to investors and this causes confusion and FUD, maybe look at taking on some English speakers to help with queries.

Maybe you misunderstood each other.. But great that you asked that here so we clarified the issue

So yes, once again, 30% Will only be shared from profit that we make, you initial investment stays intact and if there is no plus, you don't pay anything.

Luxcess group

Yes me too, I did think 30% was a very high fee, however I am a little bit concerned as to why you are only charging fees on profits.

Not every investment you recommend is going to make a profit and this will put a massive strain on your business, if you suffer a big loss one month and everyone wants to withdraw their funds then you will be in a vulnerable position.

If you don't have the income from commissions coming in every month for successful investments then you will go out of business and face closure.

That one of the reason they charge 30% fees instead of 3-5% like most investing institutions. I agree that this might create liquidity issues if they are having some bad investments in a row, but if they have enough backup funds that shouldn't be a problem.

To be honest I just don't think it's sensible from a business perspective, however for investors it's great news because your basically investing for free. No platform/admin charges, no annual management charges that is ridiculously good value.

If you invest in the stock market or investment funds you will agree with me that this crazy but if it works then well done because you will need a hell of a lot of back up funds especially as you're allowing investors to withdraw immediately.

I agree that this is an odd business model which I haven't seen anywhere else. However I assume that they have withdrawal limitation in extreme cases where too many people want to withdraw their money, otherwise this can indeed lead to bankruptcy. I guess we will have to wait and see how this turns out, maybe the fee structure will be changed in the future to allow more stable income.

I for one have no issue with the 30% sincerely when the following can be answered satisfactorily..

Is my investment safe?
Even at 70% withdrawal can I still get it when I want to?

I think investors will look this direction more... You will agree with me that 100% gain is good but some of the factors has to be considered too

Ares0211

member

Activity: 154

Merit: 10

Quote from: faulerwilli on February 07, 2018, 02:56:17 PM

Quote from: luxcessgroup on February 07, 2018, 10:11:43 AM

Quote from: nxnqauff on February 07, 2018, 10:03:55 AM

Quote from: luxcessgroup on February 07, 2018, 09:34:43 AM

Quote from: aurelius66 on February 07, 2018, 08:53:57 AM

Do the team's developers have active GitHub profiles?

Unfortunately our developers for the platform must stay anonymus at the momment, because of some contract clauses that they have...
We would also rather see that they are publicly published, but we can't do that right now, we are sorry about that.. Undecided

Luxcess group

This is something which I did not expect. Because normally team members are published by the project and that will show the project as legit to certain extent. This kind of transparency will boost investor sentiments.

We Will publish one of our other developers soon, but unfortunatelly for now we can't put others, we are hoping that we Will resolve this as soon as possible to, because as you said, transparency is the key nowadays..

Luxcess group

that seems a bit strange to me. what contracts should that be? but i want to believe your words an I'm ready to wait for the presentation of the DEVs, hopefully this will be done before the ICO launch. would really like to invest, but still there are too many question marks for me

When they have contracts with other companies or are part of other projects, than this is a common practice. You see parts of the team with Pictures and names. Of course they could be wrong but.. thats a possibility for nearly every project.

faulerwilli

full member

Activity: 994

Merit: 140

Quote from: luxcessgroup on February 07, 2018, 10:11:43 AM

Quote from: nxnqauff on February 07, 2018, 10:03:55 AM

Quote from: luxcessgroup on February 07, 2018, 09:34:43 AM

Quote from: aurelius66 on February 07, 2018, 08:53:57 AM

Do the team's developers have active GitHub profiles?

Unfortunately our developers for the platform must stay anonymus at the momment, because of some contract clauses that they have...
We would also rather see that they are publicly published, but we can't do that right now, we are sorry about that.. Undecided

Luxcess group

This is something which I did not expect. Because normally team members are published by the project and that will show the project as legit to certain extent. This kind of transparency will boost investor sentiments.

We Will publish one of our other developers soon, but unfortunatelly for now we can't put others, we are hoping that we Will resolve this as soon as possible to, because as you said, transparency is the key nowadays..

Luxcess group

that seems a bit strange to me. what contracts should that be? but i want to believe your words an I'm ready to wait for the presentation of the DEVs, hopefully this will be done before the ICO launch. would really like to invest, but still there are too many question marks for me

jamzzz123

member

Activity: 350

Merit: 16

Quote from: Ace44 on February 07, 2018, 02:01:34 PM

Well, since the 30% is from profit generated and has been clarified and not from losses, i think is not that bad, it would've been an issue if it were on both profit and losses, is like a trading system, so expect charges as they will be doing the job for you

Exactly, had it been the other way round it would of been a different story. I'm glad this has been confirmed and cleared. It would be good to things like this cleared up giving the project more confidence for investors to get involved.