Quote from: ICO Analyst on February 18, 2018, 06:59:04 PM

Quote from: Ace44 on February 18, 2018, 06:16:23 PM

Quote from: ICO Analyst on February 18, 2018, 12:21:18 PM

Quote from: Cnote328 on February 18, 2018, 12:05:19 PM

Quote from: ICO Analyst on February 18, 2018, 11:42:25 AM

Guys, let's forget about tokens, bounties etc. But think about project business sustainability, team, and even quality of whitepaper.

1) The paper starts with the quotation "Sometimes the biggest risk is not taking any" and Luxcess founder signed it. This is a well-known quotation of Mark Zukerberg (except one word "sometimes"). It's very unethical to put your signature on the other people words.

2) English is used to be the international language in the world of finance. There is a lot of evidence of very poor English in the paper and website. Very strange for a serious project to stretch a dollar for an editor. It's not much expensive believe me:)

3) I couldn't find Luxcess website related to its ongoing operations. Not ICO related site. How can they prove their performance and even existence of the team from 2014? Just saying " In the first half of the year 2014, we started connecting people with the same thinking and interests". It looks like they didn't exist before 2017. Thus the historical performance is a questionable point. Hope Luxcess have an answer.

4) The is no info related to the market for the services, 'competition, at least basic financial projections etc.

5) Let's discuss the figure on page 35, where Luxcess describes the flow of Investors funds. You invest 15 000, 60% goes to the project, the rest 6000 becomes your portfolio. They earn some money for your portfolio and at the end of the month, they take 50% of your profit. This is a fee! And by the way extremely high for forex and even cryptocurrency asset management. Why should I invest with you? Only to get advantages of your platform and trade your coin on it? Otherwise, I can take the whole 15 000 and give them to another forex or crypto broken for a much lower fee. Luxcess doesn't offer any unique trading strategy or returns to pay such a high "entrance fee" to them.

6) Luxcess offers to trade its coins on the platform. In case of withdrawal, they take 30% of your profit. No matter how Luxcess calls it. Guys, in the real financial world, it's called performance fee (also relatively high)

Questions to the team:

1) You are welcome to comment on the above-stated points.
2) How much are you going to charge your non-ICO clients?
3) Page 37 of the paper - could you please, clarify the table? What do these yields mean? For which period - 2017 or 2016+2017? Is it average or something else? Not clear....
4) Who are the main competitors for your business? Please, list 2-3 names.

Nice points you've brought up, however I think you will get a quick reply on their telegram group the admins are very active.

https://t.me/LuxcessCHAT

Frankly speaking, I don't need their answers:) From my point of view, the situation is more than clear. Just want to help others to make the right decision.

I find that odd or do you have another agenda to tarnish the project?, for a constructive critic, you should wait and get answers from the Luxcess team, you seem to have made your conclusion before coming here, your statement just turned me off and has given me a solid reason to believe that you're here for your own personal reason, like a personal vendetta

You can see their answer to my post. I was sure that they will not have the quick and clear answer that's why wrote: "for me the situation is more than clear." And I was right. Anyway, the time will show was it "vendetta to the project" or "free assistance to investors"....

Lol, seriously?, how come you just bumped into this thread with your "new status" and out of the whole ICOs out there, you only locate this, went through their whitepaper and then what?, i gave you the benefit of doubt initially but your response earlier was a red flag to your motives, hey, i got nothing to do with Luxcess and all that, i'm just saying the obvious, is just logical