Member Info for sellonnews

Might Alibaba be able to spend say $25,000,000 for the database based on the revenue forecast for the 24-hour Singles Day promotion?:

The shopping festival is projected to hit over $32bn this year, according to a report by the global app market data provider App Annie.

Yes, that is $32bn in 24 hours!
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DYOR
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What is left to sell"?

Regardless of the number of inactive users there is a database for minimally 15% of the total population, which could be considerably higher for the 15 - 30 demographic. Further data could have been collated if a Facebook-syle method was used. This data alone is a very valuable asset for any potential buyer imo.
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graham-wales

Wasn't this signed-off by Mr Chong?:

The application to the Central Bank of Myanmar for a payments licence is proceeding albeit at a pace slower than initially anticipated. The Company remains confident in the licence being granted.
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How much is each individual user worth, if sold? $5, $10? More? Less?

https://pitchbook.com/news/articles/how-much-are-you-worth-as-a-user

The Banking Licence, if confirmed?
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DYOR
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What do you think, " when the platform goes live to the public" means? Still in development, or ready?

“Money is omnipresent in our daily lives. We encourage all shareholders and followers of Lionsgold to register at www.TallyMoney.com to be notified when the platform goes live to the public and ensure they are some of the first to have access to depositing, spending and transacting in “Tally”.
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Compare the Tallymoney section to the other offerings.
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Made me smile:

https://tallymoney.com.cutestat.com/
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https://whatscrypto.com/gold-backed-cryptocurrency-lionsgold-goldbloc-xgb-onegram-tallymoney-indexgold-gold-backed-crypto-ico/

Flappingchicken.

The vision and potential application "have evolved" (it is now) a physical gold currency
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GL
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If you are referring to this:

"TRAC aiming to roll out a suite of alternative-banking gold-based products during H2 2017, including a direct debit card and mobile phone banking-style app, as well as developing a gold-backed cryptocurrency planned for release during 2018"

It was to be "gold-backed", whereas a cryptocurrency is, "Decentralized, self-sustained digital currencies that don’t exist in any physical shape or form and are not controlled by any singular entity"

As Lionsgold go on to say,

"Additionally, we plan to explore the ability to enable ownership of gold, a traditional store of value, with the utility and immediate settlement and clearing that blockchain technology provides as a new form of cryptocurrency, as part of future products planned."

The "new form of cryptocurrency" was therefore never a crypto, having a physical gold presence underlying it, as stated.
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DYOR

Isn't it all about reading the total message?
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JonnyE

Unless you forgot, it was you who stated it was crypto based, which I corrected.
Just accept you were wrong instead of waffling about crypto.
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chris137

The gold is NOT held by Lionsgold, it is held by the individual in an insured vault - please note, "insured"
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Isn't the sole purpose of the account to instantly convert cash deposited into gold?

Is one able to hold cash only in the account?
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"tallymoney needs to set itself aside as a totally different, crypto related account gold backed monetary system"

Uh huh, i read your post!

Also, if people backcombed their hair, would less go over their heads?
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JonnyE

TallyMoney the erstwhile Goldbloc is not a crypto!

Talk about "knowing what you own"...
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djwall1s

The security for all holders is identical: insured secure vault storage in ones name.

In any system, the better perks are always given to the ones with most - look at the ranges of incremental interest given to those who will leave a deposit tied-up for 5 years compared to those with easy access, or the interest payable on ever-increasing deposits.
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As a company, would you offer perks to thousands of smaller gold holders or a few hundred with large long-term holdings? I'd offer the perks to those with the most to keep them invested longer term

chris137, the gold is not held by a bank but in secure insured vaults and therefore the £85,000 limit is not applicable.
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"With respect, it's not for you - or I - to decide that, apart from for ourselves"

My suggestion was based on the fact that Lionsgold will have 100% full-reserve banking. - why have this if not for investors to hold long-term, in the knowledge that it secure?

Which is going to generate a better profit margin, one x £100,000 long-term deposit, or one hundred £1000 deposits in constant use?
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Yes I do believe the reason given for using "Apple", as I do for the reason given for "Virgin"

The brand name "Virgin" arose when Richard Branson and Nik Powell formed a record shop. They considered themselves virgins in business. Branson has described the "V" in the logo as an expressive tick, representing the Virgin seal of approval.
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djwall1s

My reference to "paupers" was the perception for whom the TallyMoney Card was directed, ie poor credit scores, debtors and those on benefits (many who are shown to be living below the poverty line, using foodbanks)

As TallyMoney is supposed to be an integral part of reserve-banking and B2B2C, with an initial UK market the suggestions that it will do well in Asia is moot. I have previously suggested that the gold holdings would be for those with a long-term perspective on the future valuation, not on those seeking kudos for having a daily-use debit card for cups of coffee.

I have never had any problem with the delays experienced but I am concerned about the integration of TallyMoney with banking and B2B2c.
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djwall1s

You answered your own question regarding a "Goldbloc Card": "many would have associated it with say an exclusive American Express type thing that was too expensive for them", which is surely better than the perception that is for paupers.

Topprize,

DYOR is not a farewell message, and as an investor in Lionsgold, I do not want to see funds being expended on what I perceive as a wild goose chase.
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DYOR
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