Sergi FernandezICO team member replied on 26 Mar 2018
Thanks for your feedback Eugene, all reviews always help us to improve our project.
Let me clarify these points:
1. As we said, our trading experience is based on our previous service. I'm Automatic Engineer experienced in Embedded Software. I was trading for a year and finally decide to combine both disciplines to develop the core of the Fox Signals algorithm. With our previous service, Fox Binary Signals, we achieved +350% profit in less than 2 years. You can take a look at our website (https://foxbinarysignals.com).
I haven't worked in any company related to the financial sector before, I just developed my own algorithm with my knowledge on programming. We are a young team that wants to fight to carry out this project. Simply we have supplied the lack of "experience" with the analysis and improving of the algorithm during the last 3 years.
2. I'm sorry, but you're wrong with that. We were always fighting against binary brokers and their unfair practices because, as you say, they earn money when we and our users lose. Even so, we achieved great and stable profits for our users, based on the signals generated by the algorithm and executed by our traders. At no time we encourage users to trade BO or get benefit from these transactions. The user simply pays monthly if they are happy with the service. Finally, after some regulations and constant unfair practices of some brokers, we decide to move away from this industry to finally launch our project based on Forex and Cryptocurrency.
3. Trading is not their full-time work (like me or other traders when started). He is collaborating with me in the improvement of the algorithm and is in charge of the team that reviews and executes the orders. That is precisely why we are looking for financing to be able to carry out the project and focus full-time on that.
4. The token is designed to be used in the platform for unlocking extra features, guides for beginners, paid for indicators, autotrading service, etc. ICO investors will have lifetime access to the platform simply holding part of the tokens purchased.. so it is not correct that we expect a quick devaluation, on the contrary, the price of the tokens will be related to the success of our product and for now we're on the good way (real performance on a real Forex account: https://www.myfxbook.com/members/foxbinarysignals/fox-trading-signals-beta-algorithm/2317579)
5. We regret not having enough previous experience in writing Whitepaper... we only wanted to show in an easy and entertaining way the content of our project. If anyone need more information, we'll be glad to explain all details.
Let me clarify these points:
1. As we said, our trading experience is based on our previous service. I'm Automatic Engineer experienced in Embedded Software. I was trading for a year and finally decide to combine both disciplines to develop the core of the Fox Signals algorithm. With our previous service, Fox Binary Signals, we achieved +350% profit in less than 2 years. You can take a look at our website (https://foxbinarysignals.com).
I haven't worked in any company related to the financial sector before, I just developed my own algorithm with my knowledge on programming. We are a young team that wants to fight to carry out this project. Simply we have supplied the lack of "experience" with the analysis and improving of the algorithm during the last 3 years.
2. I'm sorry, but you're wrong with that. We were always fighting against binary brokers and their unfair practices because, as you say, they earn money when we and our users lose. Even so, we achieved great and stable profits for our users, based on the signals generated by the algorithm and executed by our traders. At no time we encourage users to trade BO or get benefit from these transactions. The user simply pays monthly if they are happy with the service. Finally, after some regulations and constant unfair practices of some brokers, we decide to move away from this industry to finally launch our project based on Forex and Cryptocurrency.
3. Trading is not their full-time work (like me or other traders when started). He is collaborating with me in the improvement of the algorithm and is in charge of the team that reviews and executes the orders. That is precisely why we are looking for financing to be able to carry out the project and focus full-time on that.
4. The token is designed to be used in the platform for unlocking extra features, guides for beginners, paid for indicators, autotrading service, etc. ICO investors will have lifetime access to the platform simply holding part of the tokens purchased.. so it is not correct that we expect a quick devaluation, on the contrary, the price of the tokens will be related to the success of our product and for now we're on the good way (real performance on a real Forex account: https://www.myfxbook.com/members/foxbinarysignals/fox-trading-signals-beta-algorithm/2317579)
5. We regret not having enough previous experience in writing Whitepaper... we only wanted to show in an easy and entertaining way the content of our project. If anyone need more information, we'll be glad to explain all details.
