Topic: [ANN][ICO]Asseta - Borderless Crypto Bank Built on Blockchain - page 6. (Read 2601 times)

Please note, this is not any kind of traditional e-wallet. Our product/service will allow each user to carry out all the necessary financial operations simply at one place. Using our system, you will be able to transfer your funds globally, easily and for a reasonable price – no matter it’s fiat or crypto.
Besides traditional services, ASSETA will provide much much more valuable services (payment cards, insurance, loans, investments and etc.). Easy, fast, secure and for a reasonable price!

Thank's for the time spent analyzing our whitepaper. Great that you like it

The statement "You can sell your token right after ICO and gain good profit" is absolutely correct. As ICO will be executed on Ethereum platform, you'll receive your tokens right after completing transaction to smartcontract. Detailed instructions (ticker, smartcontract address and etc.) will be announced one day before ICO start

There are already many banking projects like this that come first, and it's quite good development. Must be ready to compete. Good luck.

Yes, our goal is to make transactions easier, faster, more secure and of course cheaper.
By the way, we have topics in different languages.

Yes, exactly. Our main goal is to bridge these two worlds.
It may seem like a complicated task, but in reality it's not so difficult to do.

Just need to build up a highly qualified team and resolve legal issues. Of course the most important thing - development of quality product. The whole process tooks time and needs a lot of hard work.

As you mentioned, the most interesting part - to reach an agreement with the authorities.
There's the only one way - juridical. We have prepared applications to grant all the needed licenses and permits. All the paperwork already done.

We have working on this project since 2016 and done a large amount of hard work.

We already have a wallet, and can send and receive coins anytime and anywhere. why do we have to deposit the money in your bank? what benefits do we get?

You're welcome!
Have a nice weekend too! 

Regarding the "Polybius" moving. I don't clearly understand why this was done. Both countries (Belgium and Estonia) are in European Union membership. Only they know exact reasons, maybe it's due taxes or regulations. Also it could be impacted by nuances of their business model and strategy...

Vilnius is neither better nor worse. We have built our business strategy model specially for Lithuania. Also, we have already built up our team and employees (which are ready to start work).
The main facts influensed our decision:
1. Lithuania is the only jurisdiction in the EU to have a special-purpose banking license, allowing the foundation of a bank with registered capital of just €1m
2. There are over 31 000 IT specialists (according to "Information Technologies in Lithuania, 2016")
3. Excellent infrastructure. Lithuania leads the EU in broadband speeds and fibre-optic internet penetration, which is expected to increase from the current 72% to 85% by 2020.
4. Not big average monthly wage. We can find really good specialists at affordable price. So it cuts our expences drastically
5. Forward-thinking government, regarding blockchain (http://www.themeditelegraph.com/en/green-and-tech/technology/2017/12/05/lithuania-emerges-blockchain-gateway-europe-YVX3gnWsH60lH36eLrU3qL/index.html)

Besides all the mentioned, today (January 27) The Blockchain centre was launched. Blockchain Centre (BC) Vilnius is the first blockchain technology centre connecting key stakeholders in Asia, Australia, and Europe (http://bcgateway.eu/).

In conclusion, we can say: Lithuanian government and citizens welcomes and supports all the blockchain projects

Very nice whitepaper and the explanation about obtaining the banking license seems like it could be a real possibility.
However putting "You can sell your token right after ICO and gain good profit" under the Benefits of Holding AST Token section is somewhat strange and a little worrying.
The token ticker AST is also already being used by Airswap?

Yu Chong - thank you for fast answer and lots of details,
have a nice weekend!

Thank's for your interest in our project!

And the answer is here! in our whitepaper and business plan

Why Vilnius?
Besides, what's written in our WP,
Take a look here : https://medium.com/@asseta/first-europe-blockchain-center-will-be-opened-in-vilnius-lithuania-33ff3ec5dce6
and here: http://bcgateway.eu/why-vilnius/

There's a hudge conference arranged in Vilnius (on January 27). You can watch it live: https://www.delfi.lt/video/transliacijos/

Regarding "Polybius" - it's Russian product, only presented in Baltic states (Estonia) to look like European project.

In conclusion: Lithuania is trying to become the leader in blockchain technology. We have all the opportunities to become the leaders in development of blockchain technologies. There's a hudge support from the government side!

you're project want to build the bridge between crypto and fiat financial in the real world, while the world government does not want crypto. what is your strategy to get legal from a financial institution in the world that is governed by the government (logically it is not easy)?

Not a big deal, we have counted your bonus points!  Thank's for your participation

Hello,
Thank's for your interest in our project  

First of all, let me introduce myself: I am Yu Chong - officially appointed to represent our project here and CTO at JSC "CRYPTO BANKAS" (CHECK IT). Company "CRYPTO BANKAS" is the owner of trademark and the whole project which is named "ASSETA" (www.asseta.eu).

1. About your observations regarding polybius project.
I'm not able to comment situation with "Polybius", as I don't know any "insider's" information regarding this company. I'm not intended to split rumours here - it' s not ethical.

2. About our ability to obtain banking license.
It's not a big deal.
There're two ways for us to go.
The first one: to obtain banking license in Lithuania (we need to meet requirements to do so, but it's not a difficulty. You can check the list of requirements here: http://www.lb.lt/en/credit-and-payments-market)
The second one: our parental company (the 100% shareholder of JSC "CRYPTO BANKAS") already owns a part (62% of shares) of the company (bank) which was granted with such license. So in the case that JSC "CRYPTO BANKAS" (ASSETA) will not be able to obtain such license, we will go with the banking license our companies group already has. In that case we'll merge these two companies (the process isn't simple, but this is the solution).

3. About participation in VISA/MC networks.
Yes, there's hudge difficulties to participate in VISA network right now, especially with cryptocurrency (we are working on this) and, honestly, we don't know how to make them change their decision.
But we have the solution: We can go with other card providers or we can go with our already owned banking license and agreement to issue payment cards. That way ASSETA will be the main platform to aggregate cryptocurrency and will have the gateway (our owned company with banking license) to the fiat currency operations.

4. The difference from other projects:
   a.) Established company (CHECK IT)
   b.) Already developed product
   c.) Unique ICO and financial structure
   d.) Token buyback program (The 25% of net profit will be assigned to buyback program quarterly)
   e.) Responsibly selected jurisdiction (Lithuania - https://en.wikipedia.org/wiki/Lithuania)

The global bank project is very attractive to many people especially with the blockchain making it easier in doing transksaksi. This interesting project I see is still quiet why? Is it because of lack of promotion or something wrong? because I see in telegram groupnya still quiet, but ico its soon begins. hopefully the project will be more crowded during the development of the project.

This is the big question.

Your main competitor (with successful ICO but tons of problems) goes from Baltic-region to Brussels:
https://blog.polybius.io/polybius-moves-to-brussels-4cff1a212d0e

Hope, later, you will write more details why Vilnius is better for crypto-banking?

i accidentally post my report here and now ill edit it and then transfer it to the bounty thread .. thank you and goodluck team

Main question which you will see again and again: what is the difference between Asseta and other 'crypto-banking' projects?
I mean difference which will make it all possible!
Especially with big problems with 'Polybius' project.

- why do you think that you can obtain license to be a real bank?
- why do you think that you could issue VISA|MC if only some days before VISA stopped Wave Crest processed operations for many crypto-connected cards?