A loan/credit ICO backed by Microsoft is definitely a great idea.
It's a huge market indeed. They have the possibility of really making a great move towards the future.
And not just in their industry. Their potential for any financial application would be incredible. Creating contracts which could be used as being or insurance, guarantees... is just the beginning.
What makes it different from other competitions in the market today? Elixir for one has a good roadmap and user interface in the future
Also, after further reading into their offering, we identified a problem with their structure. If ELIX token appreciates in value, borrowers can never pay it back. Please see the direct quote taken from their website:
After you borrow your ELIX, you can sell them on exchanges for USD, withdraw that USD, and use the money for whatever you need. When you have the money to pay your friend back, you can buy ELIX and square up.
This will drive away borrowers UNLESS they are committing to never letting their token appreciate.
All users who requested alpha testing on our site will get access to our first mobile application Connectius.Experts. For clear vision, our business model uses per transaction fee. You can read details in our prerelease Whitepaper https://www.connectius.com/docs/wpaper_eng.pdf
Is that how you plan on making money? It's a proven business model, transaction fees are integrated into the vast majority of the business world.
And people are used to paying them when making use of ecommerce services.
Will you post an announcement in your Twitter account when the sale starts?
I'd like to ensure I don't miss out. Already happened to me several times (in other ICOs), the transactions confirmed after the hardcap was reached. So I want to send as soon as the ICO starts
If selling at market price it's pretty easy. However it's true it depends on the exchange you're using, some are having problems with their operations lately.
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BoardProject Development
Re: Looking for a white label for Digital Currency Exchange
Can anyone recommend a programmer or company that offers a white label exchange that I can purchase for a digital currency exchange. Like a bitdeal or a cryptonext or drag net. Thanks!
Forty Seven bank is going to offer whitelabel service, so you probably can use it to open your own exchange.
Yes, our customers will be able to have bank accounts in different fiat currencies like USD, EUR, etc.
Thanks a lot for your reply. When do you guys plan to launch? Do you have experience to be able to meet the licensing requirements? A bank is not a lemonade stand...
Thanks for your question! We are planning to launch as Electronic Money Institution (EMI) and Payment Institution (PI) in August, 2018 and we are planning to get a banking license in June, 2019. Our team has relevant successful experience in creating financial technology products that have received official licence from Financial Conduct Authority (FCA) in the United Kingdom.