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Re: [ANN][ICO] Luxcess Group INVESTMENT PLATFORM with TRACK RECORD from 2014.
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.
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
I agree with Ace on this, in as much as the points you've brought up are valid, i think you have a different purpose for posting this. Nonetheless i think the Luxcess team needs to issue a reply regarding the points brought up.
They already answered above, you can see.
We are sorry for any mistakes, as we are not native speakers we hired a translator and an editor. in the first edition there were some mistakes so we hired another two later, but it looks like they didnt do their job as good as they should. Again we are sorry for any mistakes.
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.
We were different company (Take Profit Academy) before we started with luxcess project. We started in 2014 and worked for ourselves and teach other people, and then in 2017 we started the luxcess project.
4) The is no info related to the market for the services, 'competition, at least basic financial projections etc.
We dont actually have direct competition because we actually trade, and not just invest and wait for the growth of other tokens. And because we have very low marketcap we expect big growth od our token.
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.
The profit making for participants is just added bonus for you guys. So for the inital investment of lets say 15000$, you get 100.000 LXC tokens. 60% of your investment goes to finance the development, marketing, legal and the operation itself. The other 40% goes to our portfolio and with our profit we will use 50% to buyback and burn our tokens snd that will ensure steady token growth, other 50% of made profit will go to our group for financing the project itself.
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)
Well as said before the profit making is a bonus beside getting our coin, and as we havent got any other fees (in, out, etc..) we decided to make just a profit share with participants.
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?
There wont be any extra charging for the non ICO participants.
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....
Can you please state which table is confusing to you, because on page 37 there is no yield table.
4) Who are the main competitors for your business? Please, list 2-3 names.
Competitors with similar products are for example Iconomi and Blackmoon.
It seems to me that we speak different languages. Thanks for answers.
P.S. Relating yield - I mistyped, table on pg 27.
Re: [ANN][ICO] Luxcess Group INVESTMENT PLATFORM with TRACK RECORD from 2014.
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.
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
I agree with Ace on this, in as much as the points you've brought up are valid, i think you have a different purpose for posting this. Nonetheless i think the Luxcess team needs to issue a reply regarding the points brought up.
They already answered above, you can see.
Re: [ANN][ICO] Luxcess Group INVESTMENT PLATFORM with TRACK RECORD from 2014.
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.
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"....
Re: [ANN][ICO] Luxcess Group INVESTMENT PLATFORM with TRACK RECORD from 2014.
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.
Hi, you dont understand this correctly, this is the first step, for 15k$ you get tokens which you can trade on exchange or invest on our platform where we SPLIT ONLY PROFIT without any fees. First amount which someone contribute goes like you said but you get tokens for full amount
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.
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.
Hi, you dont understand this correctly, this is the first step, for 15k$ you get tokens which you can trade on exchange or invest on our platform where we SPLIT ONLY PROFIT without any fees. First amount which someone contribute goes like you said but you get tokens for full amount
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.
This is a good review, I like how you have looked into the project, I've always said that the Luxcess performance fee is very high, I also find it very strange that they only charge this fee on withdrawal.
Your answer is unprofessional, you just repeated your paper which is quite ambiguous. And you didn't answer the other questions. You have to answer them very quickly if you are confident in your product, target market, strategy etc. In the real world I would advice my clients to avoid such companies due to bad investor relations.
Re: [ANN][ICO] Luxcess Group INVESTMENT PLATFORM with TRACK RECORD from 2014.
Frankly speaking, I already have a great portfolio and profit from start ups of various projects, but I know this project will get me something big. I was also fascinated when I first saw their site and went through their idea. It is really good.
They have had a track record so I think that proofs something. I think they are actively participating through Binance? no certain though. Not many know how to trade or invest so this would be a great place for them to start.
Weak reasoning))
1) In the world of finance, 3-year track record is nothing. Especially if we talk about such high-risk instruments as forex.
2) The prove of track record is something different you know - official audit, for example. If they operate since 2014 could do it for ICO.
3) If somebody doesn't know how to invest the forex and cryptocurrency market is the best place to lose all the money. Especially in the long-term period. Believe me, I saw a lot of such "crying" investors for my professional life.
Some interesting points made here, this is the reason Luxcess Group has been created, to avoid people losing money in forex/crypto and all automated with profits generated monthly and paid monthly.
This could be the answer for the less confident people trying to invest into forex / crypto
I don't mean losing money due to possible technical/safety problems. I don't argue the technical platform capabilities. My answer related to investment theory - if you have no special knowledge of finance, economy, trading etc. - you hardly able to estimate the risks related to products/services similar to Luxcess offering. So, I argued the point "Not many know how to trade or invest so this would be a great place for them to start." But anyway it's already another point related to behavioral finance and companies ability to attract client into its product.
Re: [ANN][ICO] Luxcess Group INVESTMENT PLATFORM with TRACK RECORD from 2014.
Frankly speaking, I already have a great portfolio and profit from start ups of various projects, but I know this project will get me something big. I was also fascinated when I first saw their site and went through their idea. It is really good.
They have had a track record so I think that proofs something. I think they are actively participating through Binance? no certain though. Not many know how to trade or invest so this would be a great place for them to start.
Weak reasoning))
1) In the world of finance, 3-year track record is nothing. Especially if we talk about such high-risk instruments as forex.
2) The prove of track record is something different you know - official audit, for example. If they operate since 2014 could do it for ICO.
3) If somebody doesn't know how to invest the forex and cryptocurrency market is the best place to lose all the money. Especially in the long-term period. Believe me, I saw a lot of such "crying" investors for my professional life.
Re: [ANN][ICO] Luxcess Group INVESTMENT PLATFORM with TRACK RECORD from 2014.
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.
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.
Re: [ANN][ICO] Luxcess Group INVESTMENT PLATFORM with TRACK RECORD from 2014.
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.
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.
Guys, I wonder why nobody asks you about your business plan. Reviewing your Paper I have large doubts about your financial forecasts. Could you please clarify the following estimates: 1) How many users of robo advisory services will be in Europe by the end of 2021? Your market share in 2021?
2) The estimated volume of total AUM for robo advisory services in Europe by the end of 2021. Your market share in 2021?
3) Who are the main competitors for robo advisory in Europe and the world? Just 3-4 names.
4) How much do you plan to spend on marketing to promote this services (annual budget)?
Actually similar set of questions I have to every line of your business but let's start with this one. I really hope for the quick answer since you have to have all these numbers in your financial model and your mind:)
Forecasts, in fact, look like a dream. But 11 in such a long period as a pessimistic one... its ok I think. Really hard to predict the exact price. You might have your own opinion but there also could be unpredictable circumstances that dont allow to do your best((2) The estimated volume of total AUM for robo advisory services in Europe by the end of 2021. Your market share in 2021?
3) Who are the main competitors for robo advisory in Europe and the world? Just 3-4 names.
4) How much do you plan to spend on marketing to promote this services (annual budget)?
Actually similar set of questions I have to every line of your business but let's start with this one. I really hope for the quick answer since you have to have all these numbers in your financial model and your mind:)
It really seems the project has been abandoned. Anyway, would like to warn everybody - when you look through the ICO paper/business plan pay attention to numbers. I have 15 years experience in banking and financial markets and can tell you with certainty - to win 40% (!!!!) share in brokerage/advising business similar to Raison target markets is impossible. Even if you offer something new, unique, innovative you'll hardly move market titans. Raison mentioned Vanguard in its paper as one of the leaders of robo-advising. Just several facts about Vanguard:
1) The second largest investment group in the world operating from 1975 (total asset under management $4.5 trillion)
2) The total number of clients is about 20 mln in all segments of operations. Raison wants to attract 1 mln only in robo-advising for 3.5 years
3) AUM in robo advising is about $80 bn, Raison wants to raise $18 bn for 3.5 years and take about 40% market share in Europe
I'm pretty sure if I could look through the whole model I would find a lot of discrepancies in all revenue lines and expenses forecasts. While even above stated facts allows assuming that the probability of project failure is close to 100% with such "dreams" instead of real estimates. According to Raison's paper, more than 50% of its revenues come from traditional financial services in the real world. But I don't see anything explosive in their technology, products etc. that could justify such unbelievable forecasts. Guys, just take it in mind when deciding on similar investments.
Dear ICO Analyst,
We highly appreciate your comments. Each interest gives us the additional motivation to develop our product as fast as we can, and the professional interest is a 10x motivation! Let us answer your questions.
The overall amount of robo-advisory (RA) users in Europe in 2016 was approximately 500.000, according to Statista.com. The average AUM (Assets Under Management) per user was about $14.000. In 2016 the whole RA market was about $7bln. Current market growth is about 100% per year (make sure to check at Statista).
In 2017 the RA penetration rate in Europe was about 0,08% of the population. By 2021 the penetration rate can increase to more than 500%. The overall amount of users should grow up to 3.000.000 people only in EU.
Nowadays the EU robo-advisory market is almost noncompetitive, especially with regards to using AI as an escalation of RA for adapting automated managing strategies. We see this market as a very fast growing and thus very promising.
Based on benchmark analysis on example of N26 and Revolut we have determined that it is possible to bring the audience amount to the 1.000.000 mark by just providing a user-friendly, convenient and efficient service offering remote on-boarding, payments. And those are the sole banking platforms which don't use the PSD2 opportunities to implement external accounts into the app which is very flexible to obtain new customers as they wont just move from their familiar banks (they will have sat within). 1KK of user is a very possible opportunity. 30% of the market? Why not. The market is really small.
If the market keeps on developing this way, we definitely will reach our goals. But we are thinking that its growth rate will be even faster (no one was thinking of such cryptocurrencies penetration into decent life a couple of years ago - even in January 2017 the total cap was only about $17bln, but in January 2018 it was already more than $800bln. This is amazing).
Vanguard are great. We love them, we work with their traditional investment products in our asset management business. But even working since 1975, it is highly unlikely that Vanguard has advanced technologies since they started. We arent eating anybodys dust, but hard on their heels & even keeping ahead.
Feel free to contact us via private messages, since we are always happy to have a discussion with members of our community. More of we are hiring professionals so perhaps we could discuss the cooperation opportunities.
Thank you so much for your interest, as well as creating an account on BitcoinTalk just in order to get in touch with us!
Dear Raison team member,
Nice to see your answer although it took 9 days to write it. Your reasoning is still weak, "cooperation opportunity" with me is rather expensive.
....Guys, I wonder why nobody asks you about your business plan.
Reviewing your Paper I have large doubts about your financial forecasts. Could you please clarify the following estimates:
1) How many users of robo advisory services will be in Europe by the end of 2021? Your market share in 2021?
2) The estimated volume of total AUM for robo advisory services in Europe by the end of 2021. Your market share in 2021?
3) Who are the main competitors for robo advisory in Europe and the world? Just 3-4 names.
4) How much do you plan to spend on marketing to promote this services (annual budget)?
Actually similar set of questions I have to every line of your business but let's start with this one. I really hope for the quick answer since you have to have all these numbers in your financial model and your mind:)
Reviewing your Paper I have large doubts about your financial forecasts. Could you please clarify the following estimates:
1) How many users of robo advisory services will be in Europe by the end of 2021? Your market share in 2021?
2) The estimated volume of total AUM for robo advisory services in Europe by the end of 2021. Your market share in 2021?
3) Who are the main competitors for robo advisory in Europe and the world? Just 3-4 names.
4) How much do you plan to spend on marketing to promote this services (annual budget)?
Actually similar set of questions I have to every line of your business but let's start with this one. I really hope for the quick answer since you have to have all these numbers in your financial model and your mind:)
Forecasts, in fact, look like a dream. But 11 in such a long period as a pessimistic one... its ok I think. Really hard to predict the exact price. You might have your own opinion but there also could be unpredictable circumstances that dont allow to do your best((
Think what stands behind this 11Euro - the companies value which comes from its income estimates.
It really seems the project has been abandoned. Anyway, would like to warn everybody - when you look through the ICO paper/business plan pay attention to numbers. I have 15 years experience in banking and financial markets and can tell you with certainty - to win 40% (!!!!) share in brokerage/advising business similar to Raison target markets is impossible. Even if you offer something new, unique, innovative you'll hardly move market titans. Raison mentioned Vanguard in its paper as one of the leaders of robo-advising. Just several facts about Vanguard:
1) The second largest investment group in the world operating from 1975 (total asset under management $4.5 trillion)
2) The total number of clients is about 20 mln in all segments of operations. Raison wants to attract 1 mln only in robo-advising for 3.5 years
3) AUM in robo advising is about $80 bn, Raison wants to raise $18 bn for 3.5 years and take about 40% market share in Europe
I'm pretty sure if I could look through the whole model I would find a lot of discrepancies in all revenue lines and expenses forecasts. While even above stated facts allows assuming that the probability of project failure is close to 100% with such "dreams" instead of real estimates. According to Raison's paper, more than 50% of its revenues come from traditional financial services in the real world. But I don't see anything explosive in their technology, products etc. that could justify such unbelievable forecasts. Guys, just take it in mind when deciding on similar investments.
Guys, I wonder why nobody asks you about your business plan.
Reviewing your Paper I have large doubts about your financial forecasts. Could you please clarify the following estimates:
1) How many users of robo advisory services will be in Europe by the end of 2021? Your market share in 2021?
2) The estimated volume of total AUM for robo advisory services in Europe by the end of 2021. Your market share in 2021?
3) Who are the main competitors for robo advisory in Europe and the world? Just 3-4 names.
4) How much do you plan to spend on marketing to promote this services (annual budget)?
Actually similar set of questions I have to every line of your business but let's start with this one. I really hope for the quick answer since you have to have all these numbers in your financial model and your mind:)
Reviewing your Paper I have large doubts about your financial forecasts. Could you please clarify the following estimates:
1) How many users of robo advisory services will be in Europe by the end of 2021? Your market share in 2021?
2) The estimated volume of total AUM for robo advisory services in Europe by the end of 2021. Your market share in 2021?
3) Who are the main competitors for robo advisory in Europe and the world? Just 3-4 names.
4) How much do you plan to spend on marketing to promote this services (annual budget)?
Actually similar set of questions I have to every line of your business but let's start with this one. I really hope for the quick answer since you have to have all these numbers in your financial model and your mind:)
See the market size in your paper. So:
1) You plan to have 40% of all Europe users by the end of 2021?
2) Your assets under management will amount to 36% of the market by the end of 2021?
Guys, I wonder why nobody asks you about your business plan.
Reviewing your Paper I have large doubts about your financial forecasts. Could you please clarify the following estimates:
1) How many users of robo advisory services will be in Europe by the end of 2021? Your market share in 2021?
2) The estimated volume of total AUM for robo advisory services in Europe by the end of 2021. Your market share in 2021?
3) Who are the main competitors for robo advisory in Europe and the world? Just 3-4 names.
4) How much do you plan to spend on marketing to promote this services (annual budget)?
Actually similar set of questions I have to every line of your business but let's start with this one. I really hope for the quick answer since you have to have all these numbers in your financial model and your mind:)
Reviewing your Paper I have large doubts about your financial forecasts. Could you please clarify the following estimates:
1) How many users of robo advisory services will be in Europe by the end of 2021? Your market share in 2021?
2) The estimated volume of total AUM for robo advisory services in Europe by the end of 2021. Your market share in 2021?
3) Who are the main competitors for robo advisory in Europe and the world? Just 3-4 names.
4) How much do you plan to spend on marketing to promote this services (annual budget)?
Actually similar set of questions I have to every line of your business but let's start with this one. I really hope for the quick answer since you have to have all these numbers in your financial model and your mind:)