Topic: 🚧[ANN][PreCrowdsale]🚗FRAS🚕Official UBER partner | Crypto TAXI +Real Use Cases - page 53. (Read 25798 times)

FRAS Coin used as investment, and CAR Coin for transaction? its that true?

so someone will use FRAS Coin as a producer of passive income?

there are some web, that do listings to frasindo

Track ICO : https://www.trackico.io/ico/frasindo/
CoinSchedule : https://www.coinschedule.com/icos/e1928/pt.frasindo-lima-mandiri-company-ico.html
for ICOBENCH may be listed a few days later
use both sites to consider your decision

I have trouble finding a rating score for this project. Is there a site like ICOBENCH or ICORATING that registers fras coin?

Yes, we have started try to contact some of the exchange
My favourite ia bittrex, thats why we need to appoint law-firm to reconcept all text in our web and Whitepaper..
The PR team also aim other exchangers (i think binance)

Because bittrex are not allowed to accept securities (US based)

The time took to integrate to exchange market and test they made by exchange market is not up to us
We will do our best..

im optimistic that no one foolish enough to dump FRAS COIN, why? Because, only idiot sell the car in sale because of delay or any reasons not logic..
This FRAS COIN is real cars, real money
If it is happen to be sale in 50%, i personally will do everything to buy all (i will wait for it to happen, thats why i state guaranteed buy wall)

It will be recorded, will try to add subtitle
I dont teach blockchain in technical,
I will try visualize other image so the audience could understand simple blockchain, the purpose and what it could do, also what we can create by our imagination.
 
[such as egg factory{blockchain} that sell batch of egg, which in those egg baskets{blocks} there are big and small size, defect, and distributor{pools} could buy some batch on the production line in compete with other reseller{single miners}, with some luck{buying power pay more} etc]



  in Ardor we still negotiating to raise FRAS directly becoming child-chain (BAAS Blockchain as a service). But it is as a token we already have a "GO" sign

Here are the explanation regarding distribution & exchange=
(this is also one of the reason we need to do manual distribution)
1. To balance distribution on every blockchain we really need a gateway/anchor, this job wil be handled by FRAS Child-Project in which currently under progress and being speed up.. Upcoming CoinRupiah.com (it is a stellar based anchor)

CoinRupiah will have blockchain swap feature..

In the future, DASH and LITECOIN can also be available in Stellar, same as BTC USD EUR already available as an asset in Ardor and Stellar and Ethereum

2. The distribution amount betwen blockchain will highly monitored and guarded by CoinRupiah
FRAS will be released as amount of 100million on each blockchain platform..(each have 100m FRAS)
However the circulation will be carefully controled to be always 100million in public..

3. With blockchain swap feature, anyone can send FRAS from stellar, become FRAS in ethereum (1in 1out)

4. When the status of FRAS has become child-chain of ARDOR similar bitswift, we will focus all our project to be housed on our own blockchain.

5. The decentralize exchange market on each blockchain can trading, the FRAS supply which is available at each blockchain,
the CoinRupiah will also act as market-maker to provide liquidity in controled manner
however the CoinRupiah will not control the value of the FRAS betwewn blockchain.. Supporters have possibility to arbitrage between blockchains

6. Centralize exchange market= similar to bittrex/polo/binance
The community could vote wether to use which blockchain.
But we will try to focus on ARDOR as a base blockchain for centralize exchange market

7. During crowdsale we do the sales through https://frasindo.com/shop platform with universal FRAS and in fixed amount to be sell
Thats also more reasons to do manual distribution, no need to create allocation to be sell in 3blockchain platform.

Since we support 3blockchain ETH Ardor and Stellar
manual distribution is inevitable, manual also not bad idea, most of the token/coin also release theirs few weeks after the ICO end..


About "supporter/investor security"
1. We already send our certificates of assets to be escrow by NXTfoundation in netherlands,
2. We share all our identities and company legalities, if something went wrong any supporters could report all of the team to police or Indonesian Embassy in your country.
3. Endangering MyStellar.org future&income (we wont do that)
4. Endangering the real business of PT.Frasindo Lima Mandiri, all the regulation we have aquired since 2014, and the partnership status with uber grab gocar since oct2016
5. Endangering the real business of "sisa ekspor by the brashop" with daily sales of 300deliveries and more, in ONLINE-LIVE(check it) http://bit.ly/2B1iaJ8
6. Endangering real business of PT.Agra Multi Niaga with its credit union license for upcoming bitXplor
7. Messing up = is not worthed.. Those business is already running even without integrated to this crowdsale


About the security of invested funds
for BTC and ETH funds will be handled by coinbase, unless the coinbase is hacked.. We have no worry...


Why manual?
-The core team have to be carefull, if something happen, then we are on the forefront tobe asked responsible..
-Manual distribution will makesure no tamper to the frasindo database, because "we cant revert back" if the FRAS COIN is being sent to wrong people (only stellar have that feature)
-Manual doesn't mean we send to hundreds of account 1by1, it wil be in 1single button to distribute all, however we will check 1by1 and gave approval
-Stellar is different from ethereum and ARDOR, to send asset to any stellar wallet, the wllet user must set the Trustlines or buy directly from Decentralize Asset Exchange.. Therefor for stellar user, must be guided..


In the past we have thought carefully for few months..
We could made it AUTO on Ardor and Ethereum, the FRAS may available to be bought and user will get their token directly in seconds after purchase but if issue happen, we have no options to turn back..

1 flaw about token distribution could endanger all..
Especially regarding multi-blockchain token

something that I like, maybe this is the only promising one way, so someone who is busy like me can take a vacation to BALI once every 3 months .. really hope ... 

Sandy,
question about exchanges. In the past I saw great projects but they didn't take a time (before their ICO/crowdsale) to introduce their coin/token on crypto exchanges. After ICO/crowdsale ends there were a lot of frustration because investors waited weeks before being able to trade. All that make not nice atmosphere around project, company and coin/token.

For example: currently Jelurida (the creator of Ardor) didn't spend a time with exchanges while test net was available for at least 6 months (if not longer). With beginning of 2018 Ardor started but progress with exchanges goes very slowly. All that suffocate Ardor (as well as their IGNIS, AEUR, BITSWIFT).

Are you planning to contact the biggest exchanges and do some work with them before crowdsale will end? So soon after Fras Coin will be tradable?

Sandy,
will Fras Coins be issued just on one blockchain or on many (like Fras Coin child-chain on Ardor, on Stellar and on Ethereum)?

If 'yes' then how do you plan to do crowdsale? (for example: 1/3 of all Fras Coins will be available at Ethereum, 1/3 at Stellar and 1/3 at Ardor's child chain?)

If you are planning to use many chains it looks like a challenge! Trading also looks like a challenge: Poloniex can interact with Ethereum's smart contract (that holds Fras Coins) while BitTrex can interact with Stellar. Buying on one exchange you will end up with coins on one blockchain while buying on other you will end up with coins on other...

Of course all that above are just my thoughts written out loud, I am sure Sandy will explain how it will look like in practice.

PS: interesting thing is that Fras Coin on Ardor's child-chain will be a 'coin' while on Ethereum it would be a 'token'

If would love to watch this lecture (Fraindo's vision of blockchain tech)!
I hope it will be recorded and some good community member will add English subtitles .

EDIT: removing this post; accidentally post number #166 has the same content

Sandy,
will Fras Coins be issued just on one blockchain or on many (like Fras Coin child-chain on Ardor, on Stellar and on Ethereum)

If 'yes' then how do you plan to do crowdsale and how Fras Coins distribution will look like? (for example: 1/3 of all Fras Coins will be available at Ethereum, 1/3 at Stellar and 1/3 at Ardor's child chain?)

If you are planning to use many chains it looks like a challenge! Can you give us more light on that?

PS: interesting thing is that Fras Coin on Ardor's child-chain will be a 'coin' while on Ethereum it would be a 'token'

That is not good news ://.

If may I suggest something. Many investors may not invest if coins/tokens that are 'distributed manually'. For example I didn't invest into Fire Lotto because I have checked their smart contracts (as well as luck of them). They will do 'manual distribution' and no one knows if that is true or a scam.

When we are speaking about Ethereum there should be no space for any 'manual actions' to eliminate possibility that - for example - issuer (in this case Frasindo) will be hacked and all coins/tokens or invested funds will be stolen. Luckily that is not a problem on Ethereum to use one of ERC20 smart contracts that will absolutely guaranteed that right number of Fras Coins will belongs to investor (to the Ethereum address from which ETHers were send).

Before crowdsale start (on Ethereum that means 'before hardcoded block number') all investors should be able to review all smart contracts (there can be one or more) that will be used for crowdfunding process and take their own decision to invest or not. 

"Someday YES", FRAS can be used as a token to exchange the payment of uber grab and gocar if you happen using frasindo cars.. Basicly it ask us(the company) to pay the ubar fare for you.. So we still using fiat..

Yes. CAR COIN can also be uaed to redeem "free car usage"
Meaning, you can use it anywhere for 1day, as long as you dont out of boundries..

When the car out of boundries, we xan set the car tobe auto-off, or only giving alarm (red car)
Check on FRASINDO.COM/GPS

Oneday YES, but for now.. We dont

The CAR COIN can be re-brand as loyalty point than can be used as bonus voucher on every child-project frasindo had

We already had 1 project in running since 2years ago.
Which is https://MyStellar.org it is the largest stellar forum, already had income upto 100,000xlm per periode

Those income(on the new periode), 10% of it will also given to FRAS Holder

The NXTfoundation ask us to delay the launch since may2016..

Other childproject that is already running=
Upcoming warnamu.com the web is not ready yet, however you can see daily sales in live, upto 300packages/day and raising (its a facebook store with current group-name "sisa ekspor sale by thebrashop")

(Note, the dividend is under re-format by law firm, to avoid us being cathegorize as securities)

YES, as long as you had enough FRAS in your own wallet
(either in stellar wallet, or ardor, or ethererum, or any future supported blockchain platform)

Car voin can be used to redeem FREE STAY(can be in hotel/hostel/inhouse rooms by frasindo, erc) and YES holiday services(tour+guide in indonesia, such as maybe BALI)

No, kermitas is not the community manager of Frasindo

However we are very gratefull, Mr.Kermitas willing to help us answer at bitcointalk..

We have been in talks with mr.kermitas at telegram via direct email
He ask much, and what he gave you is all the questions he ask

Frasindo is already fully working company
We dont sell ideas and build after got the funding
(most of the ICO that, while we dont burn your funding against your self)

Even without anyone support, we will still release the FRAS COIN (we have enough strong innitial funder, eventhou the expansion will be slow, without community support)

with more supporters we could speedup the company and full-fill all roadmap

Currently there are some child-projects already in production.. (With inhouse funding)


The UNSOLD FRAS COIN wil be frozen and will be release per-period in the form of limited sales of FRAS, limited amount, maybe cheaper, but definitely had no bonus; OR the dividend will be used to brought FRAS, and the coin will be shared equally, using ARDOR dividend feature

So sorry, we have been busy with so many things,
but we always live on the telegram chat..

I will discuss in bitcointalk even more..

We dont hire more people to answer at bitcointalk, because they may dont understand how to answer many different questions

Someday it can be use as a medium of value
Because all our Child-Projects will support FRAS COIN
Such as Crypto ATM, and redeem FRAS when transport using UBER GRAB GOCAR within frasindo cars


Yes, in the near future, the team been invited to some local university(using local language), to talk about frasindo vision of blockchain tech, and its function in real-life.