Pages:
Author

Topic: [ANN][🔥CROWDSALE🔥] Luxcess Group CRYPTO-FOREX FUND with TRACK RECORD-2014 🔥📈🚀 - page 84. (Read 9626 times)

member
Activity: 840
Merit: 17
PG-PAY Gold Backed Token
Hello, can someone really invest now has the price is low and high. Pls, what are the cause of all this low and high price. How much can someone really now invest to be on a save side?

You can invest now, the high and low price is caused by the fluctuation of bitcoin price which has drastically reduced, investing is also a personal thing as only you can determine whether to invest or not but to be on a safe side, always invest what you can afford to loose, that's the rule of crypto  Smiley

I plan to invest as normal fiat is fiat still and the projects are still the projects of you think a project is worth investing in then btc price dois ant change that fact people are sad because they bought btc high and it’s now low but that doesn’t somehow make investments in things like luxcess less worthy of investing if u believe in them

Luxcess is accepting fiat currencies? I have not seen this information anywhere? it would be nice to include such aspects as well as credit or paypal payments. Then more and more investors will come on-board.

yes I completely agree on that part. FIAT currency ICOs are highly successful in the recent past than just crypto based ICOs. Hope Luxcess will also have that option for the benefit of many small investors.

Espicallay when the market is down for example now, no one will want to sell there ETH / BTC at these kind of prices, which is why accepting FIAT will increase sales and more money into the project.

Hi,

from the beginning you Will only be able to invest in our tokens, but our vision is to implements FIAT acceptions, and we are already working on that too, so yes in future we Will also accept FIAT currencies.

Luxcess group

Thats good news. I was not aware of that. Thanks for the clarifications. Seems like Luxcess is moving in a right direction. Crypto markets are also slowly recovering. Good sign for all the ICOs.
jr. member
Activity: 98
Merit: 1
I was going through the whitepaper and read this:
"If you invest your tokens at the index value 1.00 and it increases to 2.00, you made a 100% yield. In case of withdrawal, the platform automatically deducts PROFIT SHARE (30% of the yield) whereas the rest of the money is transferred to Royal Luxcess Hold"

If I understand correctly any withdrawal is subject to 30% deduction of the profit; if there weren't any profits no deduction would take place?

Yeah but they’re investing on your behalf, they have to make money, all banks/asset managers do it therefore it makes sense that the Luxcess collective investment fund would also do this.

I presume their cut of the profit they gain from is tiered based on % return of investment, would be great if a dev or team member could confirm this?

What happens to profits below 100% what cut will Luxcess take?

Probably there won't be any cut as there is no profit to take a cut from?

It's an interesting question and I am curious how Luxcess will handle this, would be nice if there is a response to this question

Yeah it would be good to get a response from the Luxcess team, I might post the question in their Telegram and find out the answer from one of their moderators.

I think they're a bit more active on telegram compared to BCTTalk!

Oh that's a good idea, I think on telegram they are more responsive since it is an active chat system

Would be nice if you could address that question in telegram, perhaps post here the answer so that other people can find out how it works as well

Thanks Smiley

Personally i'd hope the 30% take is actually from profit not from overall amount, if its 30% from profit it would make sense and be very reasonable as far as investment funds go but its definitly something they need to clarify asap to keep investors minds clear and in the right place for investing further funds.

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

Thanks for the clarification, as i read on the whitepaper that it will be from the profit, good you came out to give the valid information, probably the telegram communication channel needs to be looked into or changed as to avoid such in the future, some damages can't be reversed

I Will check that yes, so it dosn't happen again, thank you for your report.

Luxcess group
jr. member
Activity: 98
Merit: 1

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 Smiley

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
member
Activity: 672
Merit: 11
I was going through the whitepaper and read this:
"If you invest your tokens at the index value 1.00 and it increases to 2.00, you made a 100% yield. In case of withdrawal, the platform automatically deducts PROFIT SHARE (30% of the yield) whereas the rest of the money is transferred to Royal Luxcess Hold"

If I understand correctly any withdrawal is subject to 30% deduction of the profit; if there weren't any profits no deduction would take place?

Yeah but they’re investing on your behalf, they have to make money, all banks/asset managers do it therefore it makes sense that the Luxcess collective investment fund would also do this.

I presume their cut of the profit they gain from is tiered based on % return of investment, would be great if a dev or team member could confirm this?

What happens to profits below 100% what cut will Luxcess take?

Probably there won't be any cut as there is no profit to take a cut from?

It's an interesting question and I am curious how Luxcess will handle this, would be nice if there is a response to this question

Yeah it would be good to get a response from the Luxcess team, I might post the question in their Telegram and find out the answer from one of their moderators.

I think they're a bit more active on telegram compared to BCTTalk!

Oh that's a good idea, I think on telegram they are more responsive since it is an active chat system

Would be nice if you could address that question in telegram, perhaps post here the answer so that other people can find out how it works as well

Thanks Smiley

Personally i'd hope the 30% take is actually from profit not from overall amount, if its 30% from profit it would make sense and be very reasonable as far as investment funds go but its definitly something they need to clarify asap to keep investors minds clear and in the right place for investing further funds.

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

Thanks for the clarification, as i read on the whitepaper that it will be from the profit, good you came out to give the valid information, probably the telegram communication channel needs to be looked into or changed as to avoid such in the future, some damages can't be reversed
newbie
Activity: 70
Merit: 0

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.


I don't think you need to apologize. You were given a false information in Telegram and all you did was posting it here. It's good that we got a clarification and hopefully the admins in the Telegram channel won't spread false information again as it causes great confusion.
full member
Activity: 504
Merit: 106
★Bitvest.io★ Play Plinko or Invest!

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.
member
Activity: 252
Merit: 11

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?

Yes this doesn't make alot of sense to me either. We will have to wait for an official clarification. I hope we get a response soon as it is a very importabt issue. If this is really how it's going to be I don't think this is goana work for Luxcess.

It would be pretty harsh indeed having to pay additional fee when you've made losses
I think it's a good idea to let an official statement clarify the 30% fee in question
jr. member
Activity: 98
Merit: 1
Hello, can someone really invest now has the price is low and high. Pls, what are the cause of all this low and high price. How much can someone really now invest to be on a save side?

You can invest now, the high and low price is caused by the fluctuation of bitcoin price which has drastically reduced, investing is also a personal thing as only you can determine whether to invest or not but to be on a safe side, always invest what you can afford to loose, that's the rule of crypto  Smiley

I plan to invest as normal fiat is fiat still and the projects are still the projects of you think a project is worth investing in then btc price dois ant change that fact people are sad because they bought btc high and it’s now low but that doesn’t somehow make investments in things like luxcess less worthy of investing if u believe in them

Luxcess is accepting fiat currencies? I have not seen this information anywhere? it would be nice to include such aspects as well as credit or paypal payments. Then more and more investors will come on-board.

yes I completely agree on that part. FIAT currency ICOs are highly successful in the recent past than just crypto based ICOs. Hope Luxcess will also have that option for the benefit of many small investors.

Espicallay when the market is down for example now, no one will want to sell there ETH / BTC at these kind of prices, which is why accepting FIAT will increase sales and more money into the project.

Hi,

from the beginning you Will only be able to invest in our tokens, but our vision is to implements FIAT acceptions, and we are already working on that too, so yes in future we Will also accept FIAT currencies.

Luxcess group
member
Activity: 350
Merit: 16
Hello, can someone really invest now has the price is low and high. Pls, what are the cause of all this low and high price. How much can someone really now invest to be on a save side?

You can invest now, the high and low price is caused by the fluctuation of bitcoin price which has drastically reduced, investing is also a personal thing as only you can determine whether to invest or not but to be on a safe side, always invest what you can afford to loose, that's the rule of crypto  Smiley

I plan to invest as normal fiat is fiat still and the projects are still the projects of you think a project is worth investing in then btc price dois ant change that fact people are sad because they bought btc high and it’s now low but that doesn’t somehow make investments in things like luxcess less worthy of investing if u believe in them

Luxcess is accepting fiat currencies? I have not seen this information anywhere? it would be nice to include such aspects as well as credit or paypal payments. Then more and more investors will come on-board.

yes I completely agree on that part. FIAT currency ICOs are highly successful in the recent past than just crypto based ICOs. Hope Luxcess will also have that option for the benefit of many small investors.

Espicallay when the market is down for example now, no one will want to sell there ETH / BTC at these kind of prices, which is why accepting FIAT will increase sales and more money into the project.
full member
Activity: 868
Merit: 104
Hello, can someone really invest now has the price is low and high. Pls, what are the cause of all this low and high price. How much can someone really now invest to be on a save side?

You can invest now, the high and low price is caused by the fluctuation of bitcoin price which has drastically reduced, investing is also a personal thing as only you can determine whether to invest or not but to be on a safe side, always invest what you can afford to loose, that's the rule of crypto  Smiley

I plan to invest as normal fiat is fiat still and the projects are still the projects of you think a project is worth investing in then btc price dois ant change that fact people are sad because they bought btc high and it’s now low but that doesn’t somehow make investments in things like luxcess less worthy of investing if u believe in them

Luxcess is accepting fiat currencies? I have not seen this information anywhere? it would be nice to include such aspects as well as credit or paypal payments. Then more and more investors will come on-board.

yes I completely agree on that part. FIAT currency ICOs are highly successful in the recent past than just crypto based ICOs. Hope Luxcess will also have that option for the benefit of many small investors.
member
Activity: 728
Merit: 11
DocTailor IEO on Zloadr
I am a medium app user because I enjoy reading a whole lot but can someone tell me why luxcess-group ain't updating and posting on medium? Their last post was days ago and it ain't good for visibility

Yeah, I have seen a lot of peeps complaining but i always say if the dont have what to post they don't need to post...Maybe there isn't much going on right now.

Not for days you know... Ain't there activities on the telegram group? Why can't it be the same for. Medium too... I am in the telegram group but I barely frequent there as much as I am in here and medium.... This should be looked into as suggested earlier...
member
Activity: 840
Merit: 17
PG-PAY Gold Backed Token
Hello, can someone really invest now has the price is low and high. Pls, what are the cause of all this low and high price. How much can someone really now invest to be on a save side?

You can invest now, the high and low price is caused by the fluctuation of bitcoin price which has drastically reduced, investing is also a personal thing as only you can determine whether to invest or not but to be on a safe side, always invest what you can afford to loose, that's the rule of crypto  Smiley

I plan to invest as normal fiat is fiat still and the projects are still the projects of you think a project is worth investing in then btc price dois ant change that fact people are sad because they bought btc high and it’s now low but that doesn’t somehow make investments in things like luxcess less worthy of investing if u believe in them

Luxcess is accepting fiat currencies? I have not seen this information anywhere? it would be nice to include such aspects as well as credit or paypal payments. Then more and more investors will come on-board.
full member
Activity: 994
Merit: 140
I was going through the whitepaper and read this:
"If you invest your tokens at the index value 1.00 and it increases to 2.00, you made a 100% yield. In case of withdrawal, the platform automatically deducts PROFIT SHARE (30% of the yield) whereas the rest of the money is transferred to Royal Luxcess Hold"

If I understand correctly any withdrawal is subject to 30% deduction of the profit; if there weren't any profits no deduction would take place?

Yeah but they’re investing on your behalf, they have to make money, all banks/asset managers do it therefore it makes sense that the Luxcess collective investment fund would also do this.

I presume their cut of the profit they gain from is tiered based on % return of investment, would be great if a dev or team member could confirm this?

What happens to profits below 100% what cut will Luxcess take?

Probably there won't be any cut as there is no profit to take a cut from?

It's an interesting question and I am curious how Luxcess will handle this, would be nice if there is a response to this question

Yeah it would be good to get a response from the Luxcess team, I might post the question in their Telegram and find out the answer from one of their moderators.

I think they're a bit more active on telegram compared to BCTTalk!

Oh that's a good idea, I think on telegram they are more responsive since it is an active chat system

Would be nice if you could address that question in telegram, perhaps post here the answer so that other people can find out how it works as well

Thanks Smiley

Personally i'd hope the 30% take is actually from profit not from overall amount, if its 30% from profit it would make sense and be very reasonable as far as investment funds go but its definitly something they need to clarify asap to keep investors minds clear and in the right place for investing further funds.

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

Thanks for the clarification. All the unnecessary excitement :-) So a poster in the telegram channel was given incorrect information
I can deal with a 30% fee from the profit. And have no problem to pay 300,000 fee if i earn 700,000 :-)
member
Activity: 350
Merit: 16
I'm a bit curious about the royal platform where you invest your tokens after the purchase, two options are available HOLD and LXC index, it is stated that the Royal Luxcess Hold is an option where you safely store and keep your tokens, it also states that you also make profit or loose it depending on whether the tokens rise or fall, is it not similar to storing tokens on our mew or btc wallet or is there any difference

If you choose to hold LXCs on our platform you can only lose in case that price of the coins drops, on the other side there will be some rewards for holding our tokens.

Luxcess group

That's pretty good, so if the coins take a hit and you're in a minus - you'll still get rewarded for loyalty due to holding some of luxcess coins, and if crypto market does well - that would be a double winner, with the inflation of price on crypto as well as the loyalty rewards for holding LXC.

In short, its more rewards for HODlers. Thats really good and prevent certain extent of dumping. I always HODL quality tokens and coins. So for me its good even if market goes down.

If company have bright future then market movement doesn't matter. Like this some advantage peoples are investing amount without scaring to market direction.

Are you sure about that statement "if a company have bright future then market movement doesn't matter".
Isn't it the market movement that determines the future of the company?

If you are trading then have little risk about it. But here we are discussing for invest and hold theirs tokens. This market movement is always happening. So I don't think so it would be huge impact on LXC.

Even if the market decides to go down, you still have the potential to make some profit as the system will find the "best" coin to sell / buy, so even with these downwards movements - it should be interesting to see profit possible with the correct prediction of which market will go up / down
member
Activity: 168
Merit: 11
I'm a bit curious about the royal platform where you invest your tokens after the purchase, two options are available HOLD and LXC index, it is stated that the Royal Luxcess Hold is an option where you safely store and keep your tokens, it also states that you also make profit or loose it depending on whether the tokens rise or fall, is it not similar to storing tokens on our mew or btc wallet or is there any difference

If you choose to hold LXCs on our platform you can only lose in case that price of the coins drops, on the other side there will be some rewards for holding our tokens.

Luxcess group

That's pretty good, so if the coins take a hit and you're in a minus - you'll still get rewarded for loyalty due to holding some of luxcess coins, and if crypto market does well - that would be a double winner, with the inflation of price on crypto as well as the loyalty rewards for holding LXC.

In short, its more rewards for HODlers. Thats really good and prevent certain extent of dumping. I always HODL quality tokens and coins. So for me its good even if market goes down.

If company have bright future then market movement doesn't matter. Like this some advantage peoples are investing amount without scaring to market direction.

Are you sure about that statement "if a company have bright future then market movement doesn't matter".
Isn't it the market movement that determines the future of the company?

If you are trading then have little risk about it. But here we are discussing for invest and hold theirs tokens. This market movement is always happening. So I don't think so it would be huge impact on LXC.
member
Activity: 728
Merit: 10
I'm a bit curious about the royal platform where you invest your tokens after the purchase, two options are available HOLD and LXC index, it is stated that the Royal Luxcess Hold is an option where you safely store and keep your tokens, it also states that you also make profit or loose it depending on whether the tokens rise or fall, is it not similar to storing tokens on our mew or btc wallet or is there any difference

If you choose to hold LXCs on our platform you can only lose in case that price of the coins drops, on the other side there will be some rewards for holding our tokens.

Luxcess group

That's pretty good, so if the coins take a hit and you're in a minus - you'll still get rewarded for loyalty due to holding some of luxcess coins, and if crypto market does well - that would be a double winner, with the inflation of price on crypto as well as the loyalty rewards for holding LXC.

In short, its more rewards for HODlers. Thats really good and prevent certain extent of dumping. I always HODL quality tokens and coins. So for me its good even if market goes down.

If company have bright future then market movement doesn't matter. Like this some advantage peoples are investing amount without scaring to market direction.

Are you sure about that statement "if a company have bright future then market movement doesn't matter".
Isn't it the market movement that determines the future of the company?
jr. member
Activity: 98
Merit: 1
I was going through the whitepaper and read this:
"If you invest your tokens at the index value 1.00 and it increases to 2.00, you made a 100% yield. In case of withdrawal, the platform automatically deducts PROFIT SHARE (30% of the yield) whereas the rest of the money is transferred to Royal Luxcess Hold"

If I understand correctly any withdrawal is subject to 30% deduction of the profit; if there weren't any profits no deduction would take place?

Yeah but they’re investing on your behalf, they have to make money, all banks/asset managers do it therefore it makes sense that the Luxcess collective investment fund would also do this.

I presume their cut of the profit they gain from is tiered based on % return of investment, would be great if a dev or team member could confirm this?

What happens to profits below 100% what cut will Luxcess take?

Probably there won't be any cut as there is no profit to take a cut from?

It's an interesting question and I am curious how Luxcess will handle this, would be nice if there is a response to this question

Yeah it would be good to get a response from the Luxcess team, I might post the question in their Telegram and find out the answer from one of their moderators.

I think they're a bit more active on telegram compared to BCTTalk!

Oh that's a good idea, I think on telegram they are more responsive since it is an active chat system

Would be nice if you could address that question in telegram, perhaps post here the answer so that other people can find out how it works as well

Thanks Smiley

Personally i'd hope the 30% take is actually from profit not from overall amount, if its 30% from profit it would make sense and be very reasonable as far as investment funds go but its definitly something they need to clarify asap to keep investors minds clear and in the right place for investing further funds.

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
member
Activity: 168
Merit: 11
I'm a bit curious about the royal platform where you invest your tokens after the purchase, two options are available HOLD and LXC index, it is stated that the Royal Luxcess Hold is an option where you safely store and keep your tokens, it also states that you also make profit or loose it depending on whether the tokens rise or fall, is it not similar to storing tokens on our mew or btc wallet or is there any difference

If you choose to hold LXCs on our platform you can only lose in case that price of the coins drops, on the other side there will be some rewards for holding our tokens.

Luxcess group

That's pretty good, so if the coins take a hit and you're in a minus - you'll still get rewarded for loyalty due to holding some of luxcess coins, and if crypto market does well - that would be a double winner, with the inflation of price on crypto as well as the loyalty rewards for holding LXC.

In short, its more rewards for HODlers. Thats really good and prevent certain extent of dumping. I always HODL quality tokens and coins. So for me its good even if market goes down.

If company have bright future then market movement doesn't matter. Like this some advantage peoples are investing amount without scaring to market direction.
full member
Activity: 994
Merit: 140
I was going through the whitepaper and read this:
"If you invest your tokens at the index value 1.00 and it increases to 2.00, you made a 100% yield. In case of withdrawal, the platform automatically deducts PROFIT SHARE (30% of the yield) whereas the rest of the money is transferred to Royal Luxcess Hold"

If I understand correctly any withdrawal is subject to 30% deduction of the profit; if there weren't any profits no deduction would take place?

Yeah but they’re investing on your behalf, they have to make money, all banks/asset managers do it therefore it makes sense that the Luxcess collective investment fund would also do this.

I presume their cut of the profit they gain from is tiered based on % return of investment, would be great if a dev or team member could confirm this?

What happens to profits below 100% what cut will Luxcess take?

Probably there won't be any cut as there is no profit to take a cut from?

It's an interesting question and I am curious how Luxcess will handle this, would be nice if there is a response to this question

Yeah it would be good to get a response from the Luxcess team, I might post the question in their Telegram and find out the answer from one of their moderators.

I think they're a bit more active on telegram compared to BCTTalk!

Oh that's a good idea, I think on telegram they are more responsive since it is an active chat system

Would be nice if you could address that question in telegram, perhaps post here the answer so that other people can find out how it works as well

Thanks Smiley

Personally i'd hope the 30% take is actually from profit not from overall amount, if its 30% from profit it would make sense and be very reasonable as far as investment funds go but its definitly something they need to clarify asap to keep investors minds clear and in the right place for investing further funds.

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?

Yes this doesn't make alot of sense to me either. We will have to wait for an official clarification. I hope we get a response soon as it is a very importabt issue. If this is really how it's going to be I don't think this is goana work for Luxcess.

Of course, I understand that they do not want all investors to step off immediately if losses occur. But I wonder if 30% fairy in case of loss is the right path for it. For me these fees are definitely a reason to reconsider an investment
member
Activity: 490
Merit: 10
I was going through the whitepaper and read this:
"If you invest your tokens at the index value 1.00 and it increases to 2.00, you made a 100% yield. In case of withdrawal, the platform automatically deducts PROFIT SHARE (30% of the yield) whereas the rest of the money is transferred to Royal Luxcess Hold"

If I understand correctly any withdrawal is subject to 30% deduction of the profit; if there weren't any profits no deduction would take place?

Yeah but they’re investing on your behalf, they have to make money, all banks/asset managers do it therefore it makes sense that the Luxcess collective investment fund would also do this.

I presume their cut of the profit they gain from is tiered based on % return of investment, would be great if a dev or team member could confirm this?

What happens to profits below 100% what cut will Luxcess take?

Probably there won't be any cut as there is no profit to take a cut from?

It's an interesting question and I am curious how Luxcess will handle this, would be nice if there is a response to this question

Yeah it would be good to get a response from the Luxcess team, I might post the question in their Telegram and find out the answer from one of their moderators.

I think they're a bit more active on telegram compared to BCTTalk!

Oh that's a good idea, I think on telegram they are more responsive since it is an active chat system

Would be nice if you could address that question in telegram, perhaps post here the answer so that other people can find out how it works as well

Thanks Smiley

Okay I have asked Luka Lah on Luxess Official Telegram and he has confirmed that there is a 30% fee, on all investments, win or lose.

It makes sense, they're not going to chalk off their fees if you lose money and they still need to cover administration costs, payment fees for moving money and paying traders to manage their positions.

The only thing is 30% is a hell of a lot, even the most prestigious hedge funds in the world do not charge those kinds of fees!!!!
.

I am okay with 30% fee on profit. But when there is loss then 30% fee seems to be very high. There should be some relief in fee in case of loss. But this may be to stop people from withdrawing fund unnecessarily. There are many people who don't give enough chance/time to portfolio/fund manager. Some people withdraw funds as soon as they see loss in the beginning.

I think if this would be emended would attract alot more people; I think in cases of loss things should be lower than those in a win; One proposition would be as the user makes profits the percentage decreases per his volume as an incentive to users.
Pages:
Jump to: