Good Afternoon Readers,
I want to discuss some of the most frequently asked questions in forums when similar financial products are released.
Questions #1: How do you differ from product A, B, and C?
Answer: The question is reasonable when basically all the products are similar to each other, as are the traditional banks offering them. Differentiation can only exist in the services offered, customer relationships, and the commission fee for the services provided.
Question #2: How does one bank differ from another?
Answer: It differs with issues that can be resolved in fifteen minutes with one bank, while the other bank only explains why they cannot resolve the issue.
We are a financial services company, and we purposefully do not portray ourselves as a "bank”. Many mainstream banks have repeatedly compromised themselves over the past decades. The consumer did not even realize how the banks forced them to report to them for their own money.
Consumers were chasing «O» in virtual accounts and feared these accounts would be taken away! As your financial services company, we do not want to tell you what to buy and what not to buy. We offer the opportunity to buy and sell what you the consumer thinks is necessary.
Recently, one consumer with no familiarity in financial operations asked me, “Please explain to me, the “fool”, why it takes the air at point A two days to travel to point B?” He was referencing “air” to virtual numbers of accounts in traditional banks. If you have ever been involved in international business, you know how much money and nerve-racking energy you need to spend to transfer your money to another country.
Back in the 1600’s, banks were created for the storage of our wealth so that we did not always have to carry it with us. At some point, the banks decided they would manage your savings, and they would invest in speculative games putting your savings at risk! They would loan you your money at interest to you or any other client of the bank.
What are you to think when you deposit your money and you don’t know what happens to your money thereafter? Do you think your money is safe in a bank? Of course, not!
Let us take Russia as an example. Let’s say, you deposit your money at 9% and the bank offers you a loan at 17%. Suddenly something goes wrong and the bank declares bankruptcy. The state will pay for it, but now the most interesting question is – where is the state getting bail out money? Correct, it has money from the collection of taxes and natural monopolies. In any case, we, the tax-paying consumer, pays for the high-risk games banks play!
It is no wonder why banks are so afraid of the new modern economy based on blockchain and crypto-currencies, which will replace their money machine and control over the movement of wealth. Wealth is in value (not money), because in reality, 99% of money has no value except our trust in it. It's like scotch a snake?
Three years ago, many laughed at Bitcoin and now the digital code is no more than 6000 dollars of "the greatest country" – the question is how? Trust, speed of operations, anonymity - these are the main factors that have raised the rate of this crypto-currency!
This is how it was necessary to complicate the lives of ordinary people so that they ran to pay in bitcoins, through the measured regulation of the economy and it led to the mad growth. Well, it's a theory - and in practice, as soon as you can buy a piece of bread for bitcoin on the street without doing any additional actions, its rate will increase many times!
Question #3: What is innovative about our product?
Answer: Well, practically everything, as long as the financial services market in the blockchain and crypto-currencies is still in development. We have not yet seen a finished product where the client can pay bitcoins for a cup of coffee. Yes, there are many similar projects but there is no finished product on the market.
We are developing a prototype to release that can be downloaded by well-known bloggers and experts to test if it works. We are focused on making a prototype, maybe our site was made not very carefully and white paper, but we believe that everything is clear and understandable there. Marketing and ICO we decided to postpone for the second and for the third stage because we believe that the priority is to give people a sense of convenience of storage and settlement with the help of our service, a set of services, connection of additional functions will constantly occur.
The first priority is to make convenient input/output and payment of any goods or services with crypto-currency. We want to offer a fair, reasonable commission and not 5% for input or output. In our opinion the commission at the first stage should not exceed 2% and then we will reduce it to 0.5% as with ordinary banks!
Question #4: How do you plan to do this?
Answer: This is very feasible. The first stage is to combine the application with exterior card processing whereby the consumer loads their account with any chosen crypto currency. The consumer provides payment by selecting the currency through NFC functionality. At this point, the system logs the necessary amount of crypto-currency to the consumer’s account, and payment is made from the card of the system pegged to this account. Basically, the system issues non-interest bearing micro-credit to the consumer charged with crypto-currency. Then the crypto-currency is sent to the exchange for sale and added to the system account. With the system expansion and future growth, direct payments between digital wallets will be possible in the not too distant future. There is no country in the world that will allow for such circulation of crypto-currency!
In Russia, crypto-currency is referred to as “money surrogates” and for their use and release a real term in prison is provided!!!
Question 5: How long will it take to launch this product?
The technical part is almost complete. After the prototype release, marketing research, and ICO, we need to register a group of companies and gather the necessary licenses. We are targeting no later than July 2018 for product launch. From now until product launch, extensive testing will continue to ensure a successful product offering. A higher commission will be required while using third-party card processing, the commission will be at similar market rate in the region - 5%, but after the product launch date in July 2018, we will internalize card processing and cut the commission fee in half.
In the meantime, we plan to collaboratively develop additional transaction service products to pay for all kinds of services, connect services for direct purchases and sales of Tokens, connect a lot of crypto-currencies, and Fiats?.
Additionally, one of the principles of our team is a true democracy (not a majority-rule democracy where the opinion of a minority is not heard, but a true democracy, where even 1% of users will be heard)! From customer feedback, we will launch a voting function, any client with a transaction history of 1btc can offer the addition of any function of the product or services to the system. After that, we launch a vote if the proposal collects at least 1% of the users' votes, it will be immediately taken in the development and all participants of the vote will be notified in what terms it will be implemented.
In test mode, the system will deploy on March 1, 2018, practically right after the end of the ICO. The investors participating in the pre-sale will receive the prototype of the system before the start of the main ICO round (that is until 01/01/2018).
I would also like to add, we are a team of like-minded people and enthusiasts, our main motto is "Launch a crypto-currency to the Street!" and we know how to do it!
A big request to the forum participants:
Write comments - the stuff and not the fluff, saying «I have nothing to say» and «I have nothing to do” – please avoid such responses. We know that most serious people or potential investors will never write on the forum because they have feedback on the site. We’d like to say to colleagues and competitors: the place is big enough for everyone! Offer people extra services, make logical and understandable applications, and people will follow you. Competition is always good for consumers. Don’t go into personals. We’d like to repeat: there is no finished product of this level of service in the market. The user confidence and their comfort are what we all need to fight for!
