website down??
https://isitdownorjust.me/lakebtc-com/#
edit:
https://isitdownorjust.me/lakebtc-com/#
shows it is back up again, but I can't seem to get a connection from Germany
Topic: [ANN][ICO] LakeBanker | Free Banking for the World - page 6. (Read 14302 times)
We're happy to announce that we plan to accept Litecoin as a payment option for our Token Sale. Trading for Litecoin will then be enabled on LakeBTC.com shortly after the close of the Token Sale.
wow, it's a great thing! so many exhcange had support LTC, bout only few exchange including LakeBTC is not. but now, LakeBTC do support Litecoin!
I guess no one is interested to answer questions from curious onlookers? Maybe they don't want investors who know too much? Careful with the referral fees. 5% is a lot to give away from tokens sales. It just keeps adding up to your dumping problem after Phase 1. Add the incentive later, not before.
On your second point: we won't have a dumping problem. Only 2% of our tokens are offered in Phase 1. at this very low price. Sure some investors will be looking at the short term potential of a 1300% flip. But others are interested in are token for its long term potential to circulate amongst many millions of users. Since such a small number of tokens are being sold at the low price, those that sell them early won't have a big impact on the market.
Thank you for the response. I think it's extremely common for the first investors to dump as soon as tokens trade, since almost every token opens at exactly or close to the normal price. Bonuses from early bird or referrals mean instant profit. It hurst the majority who can only enter later on. In any case, yes the small % is a form of protection. This does remain an interesting project. I am close to making my mind up. Thank you again.
people prefer to get bouns or profits directly, rather than the pormised retuns
so, to say nothing of this, the project simply didn't promise anyone that they would get paid back
Yes, of course, we don't promise any specific returns. If investors believe there's a chance to make a 1300% flip by joining in Phase 1 that is a decision they have make based on their own research.
The team is intersted in the long term---that's the important thing (our tokens are subject to the longest vesting schedule of any ICO project we know of). And the number of tokens available at a big discount is too small to have a significant effect on the market once the token becomes tradable. We think this is a pretty good balance.
I guess no one is interested to answer questions from curious onlookers? Maybe they don't want investors who know too much? Careful with the referral fees. 5% is a lot to give away from tokens sales. It just keeps adding up to your dumping problem after Phase 1. Add the incentive later, not before.
On your second point: we won't have a dumping problem. Only 2% of our tokens are offered in Phase 1. at this very low price. Sure some investors will be looking at the short term potential of a 1300% flip. But others are interested in are token for its long term potential to circulate amongst many millions of users. Since such a small number of tokens are being sold at the low price, those that sell them early won't have a big impact on the market.
Thank you for the response. I think it's extremely common for the first investors to dump as soon as tokens trade, since almost every token opens at exactly or close to the normal price. Bonuses from early bird or referrals mean instant profit. It hurst the majority who can only enter later on. In any case, yes the small % is a form of protection. This does remain an interesting project. I am close to making my mind up. Thank you again.
people prefer to get bouns or profits directly, rather than the pormised retuns
so, to say nothing of this, the project simply didn't promise anyone that they would get paid back
How many BAC are bought until this moment? In your opinion, approximately how many BAC will be bought on September 15, 2017, 3pm UTC?
The cap is so low low for Phase 1 we're not releasing live sale data. We'll do that for Phase 2 probably.
Demand is strong so far with still two weeks before the official start of Phase one. The price is so low that there's a chance to make a 1300% profit by investing early. People are buying becuase of that and other reasons. So we think there's a good chance that we'll sell the whole 2% before September 15, 2017, 3pm UTC.
How many BAC are bought until this moment? In your opinion, approximately how many BAC will be bought on September 15, 2017, 3pm UTC?
Hi, please explain what happens if until September 15, 3PM UTC more than 10 million BAC are bought. For example, if until September 15, 3PM UTC I buy 1.3 million BAC at the price of 1300 BAC/ETH and then on September 15, 3PM UTC it appears that in total 20 million BAC were bought, so then I will receive only 0.65 million BAC and you will pay back to me 500 ETH (1,300,000/1300/2=500)?
Yes, that's right. If we oversell prior to 9/15 3pm UTC tokens will be allocated pro rata and we will provide refunds. Your calculations in the example are correct.
We did it this way becuase the Phase 1 price is extremely low, but there is a very small cap of 2%. So we want to give everyone a chance to buy tokens at this price.
Hi, please explain what happens if until September 15, 3PM UTC more than 10 million BAC are bought. For example, if until September 15, 3PM UTC I buy 1.3 million BAC at the price of 1300 BAC/ETH and then on September 15, 3PM UTC it appears that in total 20 million BAC were bought, so then I will receive only 0.65 million BAC and you will pay back to me 500 ETH (1,300,000/1300/2=500)?
We're happy to announce that we plan to accept Litecoin as a payment option for our Token Sale. Trading for Litecoin will then be enabled on LakeBTC.com shortly after the close of the Token Sale.
maybe dogecoin were accepted soon...
We may accept other cryptos for the Token Sale. Please nominate your favourite.
We're happy to announce that we plan to accept Litecoin as a payment option for our Token Sale. Trading for Litecoin will then be enabled on LakeBTC.com shortly after the close of the Token Sale.
We're happy to announce that we plan to accept Litecoin as a payment option for our Token Sale. Trading for Litecoin will then be enabled on LakeBTC.com shortly after the close of the Token Sale.
I guess no one is interested to answer questions from curious onlookers? Maybe they don't want investors who know too much? Careful with the referral fees. 5% is a lot to give away from tokens sales. It just keeps adding up to your dumping problem after Phase 1. Add the incentive later, not before.
On your second point: we won't have a dumping problem. Only 2% of our tokens are offered in Phase 1. at this very low price. Sure some investors will be looking at the short term potential of a 1300% flip. But others are interested in are token for its long term potential to circulate amongst many millions of users. Since such a small number of tokens are being sold at the low price, those that sell them early won't have a big impact on the market.
Thank you for the response. I think it's extremely common for the first investors to dump as soon as tokens trade, since almost every token opens at exactly or close to the normal price. Bonuses from early bird or referrals mean instant profit. It hurst the majority who can only enter later on. In any case, yes the small % is a form of protection. This does remain an interesting project. I am close to making my mind up. Thank you again.
Good point. It's a difficult question. Early Bird bonuses are a good way of gathering interest/feedback/participation from the community, which is really important in this hugely crowded market. But I agree, it does make it risky for the majority who buy at the higher price.
We really emphasize our long term business model and the long term strength of our token. We're not looking for short term flip (our team tokens are subject to a long vesting schedule).
I guess no one is interested to answer questions from curious onlookers? Maybe they don't want investors who know too much? Careful with the referral fees. 5% is a lot to give away from tokens sales. It just keeps adding up to your dumping problem after Phase 1. Add the incentive later, not before.
On your second point: we won't have a dumping problem. Only 2% of our tokens are offered in Phase 1. at this very low price. Sure some investors will be looking at the short term potential of a 1300% flip. But others are interested in are token for its long term potential to circulate amongst many millions of users. Since such a small number of tokens are being sold at the low price, those that sell them early won't have a big impact on the market.
Thank you for the response. I think it's extremely common for the first investors to dump as soon as tokens trade, since almost every token opens at exactly or close to the normal price. Bonuses from early bird or referrals mean instant profit. It hurst the majority who can only enter later on. In any case, yes the small % is a form of protection. This does remain an interesting project. I am close to making my mind up. Thank you again.
Today we were written about in Interactive Investor. One of the UK's leading investment portals:
http://www.iii.co.uk/articles/439928/new-chinese-threat-global-banking-system
http://www.iii.co.uk/articles/439928/new-chinese-threat-global-banking-system
I guess no one is interested to answer questions from curious onlookers? Maybe they don't want investors who know too much? Careful with the referral fees. 5% is a lot to give away from tokens sales. It just keeps adding up to your dumping problem after Phase 1. Add the incentive later, not before.
A lot of ico gives away 5% referral - paragon, latoken etc
I guess no one is interested to answer questions from curious onlookers? Maybe they don't want investors who know too much? Careful with the referral fees. 5% is a lot to give away from tokens sales. It just keeps adding up to your dumping problem after Phase 1. Add the incentive later, not before.
On your second point: we won't have a dumping problem. Only 2% of our tokens are offered in Phase 1. at this very low price. Sure some investors will be looking at the short term potential of a 1300% flip. But others are interested in are token for its long term potential to circulate amongst many millions of users. Since such a small number of tokens are being sold at the low price, those that sell them early won't have a big impact on the market.
I guess no one is interested to answer questions from curious onlookers? Maybe they don't want investors who know too much? Careful with the referral fees. 5% is a lot to give away from tokens sales. It just keeps adding up to your dumping problem after Phase 1. Add the incentive later, not before.
We're more than happy to answer questions here. We're also on telegram and slack if you want to talk to us there.
The links to our telegram/slack channels are on the front page of this thread.
I guess no one is interested to answer questions from curious onlookers? Maybe they don't want investors who know too much? Careful with the referral fees. 5% is a lot to give away from tokens sales. It just keeps adding up to your dumping problem after Phase 1. Add the incentive later, not before.
Exponenential Growth
One advantage of our Crowd-Banking model is that it leverages network effects that encourage the LakeBanker system to grow exponentially. When we enter a country, a single LakeBanker can service roughly ten users. The system encourages users to themselves become LakeBankers and offer services to others. Thus, once inside the system, those ten users can service a further hundred, who can then service a further thousand and so on. As more LakeBankers join the network it becomes more valuable—there is more geographical coverage/saturation and faster matches with user requests through our app. A more valuable network attracts more users which in turn attracts more Lake- Bankers to meet that demand. The cycle continues and the network grows exponentially:
this is an ideal situation, in fact, it is easy to borken chain in the middle if the incentive is not enough
Our CEO, Thomas Xie, was interviewed by Bitsonline.com where he talks about LakeBTC and the LakeBanker "Crowd-Banking" project.
Check it out here:
https://bitsonline.com/lakebanker-thomas-xie-interview/
Check it out here:
https://bitsonline.com/lakebanker-thomas-xie-interview/
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