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Topic: ✅ ✅ [ANN][PRE-ICO] 🚀 AZBIT - Cryptocurrency financial ecosystem from 🅰️ to Z - page 60. (Read 9807 times)

sr. member
Activity: 672
Merit: 251
What are you planning to do after finishing the ICO?

 
sr. member
Activity: 637
Merit: 250
When to expect the first payments?
As soon as the platform makes profit. At Q4 2018 we plan to launch Azbit Global exchange. When the exchange starts to produce a profit (we assume in 2019), we will initiate payments to our investors.
sr. member
Activity: 627
Merit: 250
The Pope Of Dope
When to expect the first payments?
sr. member
Activity: 637
Merit: 250
Who runs Azbit platform?
The full name of the Azbit platform company’s - owner - Azbit.com OÜ or Azbit.com Limited. In Estonia, the abbreviation OÜ corresponds to the term Ltd (Limited).
So you are registered in Estonia? But you’re not Estonians? There’re just Russian names in your team.
We are an international team with representatives from Russia, Estonia, the USA, Great Britain, Switzerland, Cyprus, etc. We are also international in terms of the company's divisions registering. For example, we’re planning to receive the banking license in Luxembourg. Speaking of the exchange, Estonia is the best option. The electronic payment system will be registered in the Czech Republic. We are also negotiating with the U.S. SEC on the subject of Regulation D.
sr. member
Activity: 1456
Merit: 253
Margin Trader
Who runs Azbit platform?
The full name of the Azbit platform company’s - owner - Azbit.com OÜ or Azbit.com Limited. In Estonia, the abbreviation OÜ corresponds to the term Ltd (Limited).
So you are registered in Estonia? But you’re not Estonians? There’re just Russian names in your team.
sr. member
Activity: 637
Merit: 250
Who runs Azbit platform?
The full name of the Azbit platform company’s - owner - Azbit.com OÜ or Azbit.com Limited. In Estonia, the abbreviation OÜ corresponds to the term Ltd (Limited).
sr. member
Activity: 1456
Merit: 253
Margin Trader
sr. member
Activity: 637
Merit: 250
And the last question. Does SEC regulate your activities? Do you negotiate with them?
Not only the SEC - in Europe the circulation of security-tokens is also strictly regulated. And we’re striving to ensure that regulators in both Europe and the US won’t have any claims to any of the components of our ecosystem. And yes - we are negotiating with the SEC about registration of our tokens.
full member
Activity: 522
Merit: 101
And the last question. Does SEC regulate your activities? Do you negotiate with them?
sr. member
Activity: 637
Merit: 250
Let's just get this straight - you haven’t implemented any of the announced services yet?
You are not right. The exchange and payment system are practically ready and will be launched by all means, even if we do not collect soft cap. We have a functioning MVP- Bitsane.com exchange, which will also be Azbit's partner in payment and banking issues.
Do you have lawyers or programmers in the team? You are going to issue security-tokens and build an entire ecosystem. Where are the people who are able to provide this?
You are right, there are no lawyers in our team - we use the services of Law & Trust International - https://lawstrust.com/. It would be presumptuous of us to get in this legal jungle of cryptocurrency regulation in Europe and the US, without strong legal support, so we appeal to professionals.
 
 As for programmers, they are our most valuable asset, but HR managers from other companies constantly hunt for them, so this department is the only one we do not widely cover, which is partly due to the NDA.

Ok Smiley Thanks for the prompt response.
You are welcome!
full member
Activity: 522
Merit: 101
Let's just get this straight - you haven’t implemented any of the announced services yet?
You are not right. The exchange and payment system are practically ready and will be launched by all means, even if we do not collect soft cap. We have a functioning MVP- Bitsane.com exchange, which will also be Azbit's partner in payment and banking issues.
Do you have lawyers or programmers in the team? You are going to issue security-tokens and build an entire ecosystem. Where are the people who are able to provide this?
You are right, there are no lawyers in our team - we use the services of Law & Trust International - https://lawstrust.com/. It would be presumptuous of us to get in this legal jungle of cryptocurrency regulation in Europe and the US, without strong legal support, so we appeal to professionals.
 
 As for programmers, they are our most valuable asset, but HR managers from other companies constantly hunt for them, so this department is the only one we do not widely cover, which is partly due to the NDA.

Ok Smiley Thanks for the prompt response.
sr. member
Activity: 637
Merit: 250
Ok, let's say I bought AZS tokens. How will I get the promised dividends?
Each month 30% of the whole ecosystem profit will be distributed in the form of ETH coins among investors in accordance with the share of each investor.
sr. member
Activity: 796
Merit: 251
Ok, let's say I bought AZS tokens. How will I get the promised dividends?
sr. member
Activity: 637
Merit: 250
Let's just get this straight - you haven’t implemented any of the announced services yet?
You are not right. The exchange and payment system are practically ready and will be launched by all means, even if we do not collect soft cap. We have a functioning MVP- Bitsane.com exchange, which will also be Azbit's partner in payment and banking issues.
Do you have lawyers or programmers in the team? You are going to issue security-tokens and build an entire ecosystem. Where are the people who are able to provide this?
You are right, there are no lawyers in our team - we use the services of Law & Trust International - https://lawstrust.com/. It would be presumptuous of us to get in this legal jungle of cryptocurrency regulation in Europe and the US, without strong legal support, so we appeal to professionals.
 
 As for programmers, they are our most valuable asset, but HR managers from other companies constantly hunt for them, so this department is the only one we do not widely cover, which is partly due to the NDA.
full member
Activity: 522
Merit: 101
Let's just get this straight - you haven’t implemented any of the announced services yet?
You are not right. The exchange and payment system are practically ready and will be launched by all means, even if we do not collect soft cap. We have a functioning MVP- Bitsane.com exchange, which will also be Azbit's partner in payment and banking issues.
Do you have lawyers or programmers in the team? You are going to issue security-tokens and build an entire ecosystem. Where are the people who are able to provide this?
sr. member
Activity: 637
Merit: 250
Let's just get this straight - you haven’t implemented any of the announced services yet?
You are not right. The exchange and payment system are practically ready and will be launched by all means, even if we do not collect soft cap. We have a functioning MVP- Bitsane.com exchange, which will also be Azbit's partner in payment and banking issues.
sr. member
Activity: 637
Merit: 250
What solutions do you offer to minimize the risks?
What risks do you mean? Speaking of the ICO risks - everything will be done over the blockchain using smart contracts. With regard to investment and trade risks, we’ll implement risk management at all interaction models and investors themselves set the extent of possible losses. Moreover, our platform security system will block traders’ accounts of abnormal behavior. For the most conservative investors, our product RAMM is relevant. In this model, money is not transferred to the trader, but a special new account is set up for copying the trader’s transactions.
full member
Activity: 522
Merit: 101
Let's just get this straight - you haven’t implemented any of the announced services yet?
legendary
Activity: 3640
Merit: 1209
What solutions do you offer to minimize the risks?
sr. member
Activity: 637
Merit: 250
So explain, please - if you don’t collect soft-cap, will you return money to investors? Do you have a smart contract for this, is it published on GitHub?
Originally, for a number of reasons, we didn’t plan to write a single smart contract. But following the results of communication with users and advisors, we’ve decided to create it after all - it will be published on GitHub.
By the way, how will it work?
According to the generally accepted scheme - the money will be frozen on a smart contract until the end of the ICO, if soft-cap is not collected –investors will get their money back.
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