What's going on get people this is Mike again with another video today
I want to bring to your attention Phi coin by coin is a landing platform with a twist it does offer a unique
System we're gonna get down to it. I'm gonna tell you all about it so stay tuned don't go nowhere
So let's talk about the website a little bit the website is very clean. They go here
How does Phi cone work so?
basically
How does Phi can generate money number one is they have a?
Trading bot and it's called Phi ball so by trading
They generate a lot of income and number two is a safe investment base so a percentage of the money
Generating by this pot right here is gonna go in
Low-risk investment to cover their lenders okay number three is profit generation so a percentage of the money is
Gonna be placed in a higher risk
investment to fuel their reserves and number four is external investment external investments could be
investing in regular stocks and regular
currencies fiat currencies
Fluctuation it could be investing in gold or silver, but you know it's usually safer to invest in these normal traditional
Stocks and bonds and all that stuff rather than going into the crypto currency as you may see
Bitcoin was 13,000 yesterday today is
16,000 that's the $3,000 swing in less than 24 hours
So this is what we're talking about they trade on the volatility and they also go on the safe route
Which is actually a very good idea so moving on?
The token specifications are the tokens name is gonna be five coin that breviary is fi C
And the total supply is going to be 14 million nine hundred thirty thousand three hundred fifty two fic alright
So a few words about us, so it says here that they've been dealing with investment since before 2008 now notice
They didn't say cryptocurrencies. They said investment, and this I pay attention to because right here
They said um we're gonna use the money to go with external investment number two they're talking about cryptocurrencies
And how volatile it is and how you adjust from going from a traditional market
Into a cryptocurrency we all have experienced that number three they talk about the AI BOTS
Which is 500?
Which is the trading bots that they created and they're saying their ultimate goals teacher?
The best strategies and to make the best trading decisions all right, let's look at their world map briefly right here
It says here that in August they were testing fybel and the smart contract the December obviously the ICO
starts in January
They're gonna start a contract with external exchanges coin exchange is their top priority
February start the landing platform
March deployment of fiber and in June improvement of fiber and adding new features
These are the questions and answers I'm gonna touch on the important stuff
How does the referral program works okay listen to this guys so you get 10% of every?
Contribution that your referral makes on top of that while you do for every tenth
Referral that has bought a hundred five coins or above you'll get a hundred five coins as an extra bonus
Remember the referral bonus is only limited to 1.3 million so after the 1.3 million runs out
There is no more bonuses, so that's why you get in early before everybody else so you can take advantage of it
What's the minimum reinvestment amount look at this one dollar?
One dollar tell me one landing platform that will let you do this. That's the flexibility we're looking for
Okay, I'm gonna tell you this is why I like this program right you know what makes us different than the other landing platforms is
That we will not keep your initial investment
For a fixed period of time you want to lend it for one day you
Can you want to lend it for two days you can you can withdraw your initial investment?
At any time that you wish it's up to you when you want to take your money now up to the landing platform
I like this control. They're given us. That's why I like this program
Let's check out their white paper real quick so the white paper is
Fantastic really really well put together guys. I mean it is beautifully designed
It's beautifully explained
Which gives me a lot more confidence into investing or debating into an ICO such as this one
I'm gonna tell you a little bit about this white paper so the token name is five coin
If IC is the abbreviation the supply is fourteen point nine it starts on December the 13th
And that's why I'm bringing it to you right now, so we have three more days for the IC o---- to start look at this
34 cents it's gotta go to 90 by right now. You can get it for 34 cents
This is what their distribution is pay attention to this fourteen point five nine percent is going to be
Held by key investors and core team by them. It's gonna be locked for six months
Do you have any idea why because they want to control the price of the token?
Obviously every lending platforms main motivation is to get that token to go up in price the higher
The price of the token the more money in everybody's pocket not just theirs
So who is their team six people of their team come from a strong technical background?
Four people have over seven years experience in the software industry
two of them have over three years
blockchain experience and all of their team have strong knowledge in solidity and Jas now if you don't know what solidity is it's a
Programming software to write smart contract Jas is JavaScript
So here's how their lending is going to work one to 1,000 up to 1%
1,000 won 10,000 it goes to one point one percent in between 10,000 50,000 up to one point two percent notice
You don't see any days right here because you control the amount of time you can lock your investment
And I also want to mention to you that the maximum amount of tokens you can buy
Parent is ten thousand and the minimum. There is no mineral you can buy one keep in mind guys it says here
Please do not send ETH from exchange based wallets like bit tracks GTX coinbase
Cracking BitFenix coin exchange whatever do not send it from there. Send it from your own wallet it
Also says make sure you only use your personal ERC 20 wallet
So it could be an aetherium wallet that you have and if you don't know how to use it
They actually put the link right here teaching you how to use my ether wallet now because I'm 100%
Transparent with you guys. I'm gonna tell you that they copied this section right here
Plagiarized all the way to the bottom except a few words here and there okay
But this is the only section that I've seen they plagiarized, but when it comes to talking about their own coin
It's not been plagiarized alright. Let's look at their who is real quick
Here's their who is they got the domain on eleven nine twenty seventeen expires in two years
Okay, no complaints, and it looks like they are hosted on a dedicated server
That's most likely saying that we can handle the traffic
Without crashing like some of the IC owns
we face lately so I'm gonna tell you I reached out to the team behind five point and
I sent them an email with a bunch of questions
And they responded to that email
And here is what their response was let's look at it together
All right number one five coin being an ER C 20 token. Why is it not showing on the blockchain?
They said when the IC o---- date is closed
We will provide it number two where's your source code, and it's C proof we have a local repository the source code will be available
once the contract is deployed and
Verified in ether scan it will be done prior to the opening day okay number three
What external exchanges have you submitted your app to and it's approved?
They said we are in contact and negotiation with if they're doubt that coin exchange
Hit BTC
And we want to have a communication with pew coin once we establish a good name and reputation no apps have been submitted yet
Okay number four where is your user interface or the dashboard?
They say we are going to release the content step by step will be available after the ICO
I guess they're taking gold rewards approach of releasing the dashboard after the ICO
Number five what currency are you accepting?
Eth BTC. They're planning on adding LTC
But they're not 100% confirmed yet number six
Do you have a segregated deposit BTC address or do you just have one BTC address?
We have many BTC addresses
BTC address will be generated for each investor
Let me explain why I asked this question guys some I SEOs have only one
BTC address right so you make a deposit and I make it deposit and your friend makes a deposit it all goes to one wallet
When that happens whoever controls the wallet controls?
Everybody's faith taking a few addresses with a little bit of BTC in them is much better than taking
One address with all the bt season if you catch my draft
Okay, number seven how do you plan on handling supports very important questions to many of us we promise we will be available
24/7 during the ico, that's a good response, where is your to, FA?
Why isn't it active to FA security is in development stage after the ICO, we will enable the two
FA authentication, it's gonna be an ER C 20 token guys
So you're probably gonna have to open your own custom wallet and transfer them all by ether-wall a custom program, okay
Are you restricting any country from participating?
We do not implement kyc. Which is no your customer nor restricts. IP so they're not gonna check guys
Whatever you're from you can invest
But that's up to you to follow the guidelines and regulations of that country is your bot real
And how advanced is it so basically the bar creates syntax trees isn't this guy's in?
News which are injected in in these trees it find common phrases
and it tries to parse them through algorithm very common to the way human beings learn and
interpret different languages
After all phrases are built it decides what percentage of some statement is true on
Base of all created statements see attach picked so basically they're talking about guys is that the bot is going to?
Decipher some of the phrases some of the rumors
listen and trading you buy the rumor you sell the news if
amazon.com for example wanted to buy litecoin and some some major player said hey maybe
Amazon is going to buy like one guess what happens everybody buys the rumor everybody buys like coins
It goes all the way up so the spot basically is gonna detect stuff like this
Or it acquires the token at a very cheap price
And then when it goes all the way up it sells and then moves on that's how?
Profit is being made which is great and they did send me a picture showing me what it looks like and this is talking about
Bitcoin cash with just bch if you look at some of these right here in Lotus
There are checkmarks, and this is what their fiber prediction is priced up with low levels
63% confirm rate, this is real bad guys
I got this one after asking them many many times
to see a little proof here and there they wanted to surprise the
Community, but I wanted to bring it to you so you can actually have some confidence about this platform
So here are my thoughts about this platform. It's clean straight to the point
No, red flags great team behind them. You know upon request they're sending me pictures of their BOTS and what it does
It's an IRC 20 token with their domain is registered for two plus years and Auto renew and their team is very outspoken
actually
They did a Q&A is on Telegraph channel called coins own that I joined and that just to see what kind of questions and answers
People start asking the devs questions and some of you probably been there and watch the answers
You know if you're involved if you're out there
If you're trying to make a point if you're trying to tell the people that look we're real business give us an opportunity
I'm gonna give you an opportunity. I'm not your financial adviser guys you decide what you want to do
I'm going in on this one and I will be an investor, but thank you so much for watching
I appreciate you make sure to hit that subscribe button and hit that Bell right next to that subscribe button and until next time
Stay safe
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