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TECHNICAL UPDATES

1 day 9 hours ago #15385 by Martin Hill
Is there going to be a business package for the main application's with a overall cost and benefits? Easy steps 123.

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1 day 10 hours ago #15382 by Dave Cato
Simon or Steve Weller,
Are we able to get a PDF or Word doc of that screen print showing the Frga Mobile flowchart as seen on the call? It needs to be able to be expanded so it can be read easily. Any chance?

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1 day 11 hours ago - 1 day 11 hours ago #15380 by Simon Adams
The Technical Update attachment has now been added
The following user(s) said Thank You: Annamarie, Kiwianne

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1 day 11 hours ago #15379 by Dave Cato

Anita:Technical Support wrote: WEEKLY UPDATE AND PROGRESS REPORT 19/05/2018

POS

Editing stock items - Edit mode for stock items has been implemented.

NB: This will also update the fields for the same product listed in S2T product management.

THE PLAN

Number Position Switches

We have now coded the number position switch so that the Step 2 numbers to switch to now only show the Number Positions that are not already in your existing 10 or 20 NumberVille Tables making it easier to choose without getting double ups preventing the switch.

The Plan - Login

We have fixed a bug with The Plan login/link sharing and the PayPal payment method when joining the Plan.

FREGA CRYPTO TRADING

Underpins


Frega, RealP2P, Frega News, and GDPR Underpins have been completed.

Trading History Weighted Values

Now that we have a lot more data we have been able to calculate more realistic weighted value averages across the different Tokens. You will now see the last 50 and 100 Weighted Trades on the Token History tables. We have also connected this to the Trading screen weighted values.

Crypto Trading Token Purchase Functionality

The Crypto Trading purchase functionality where the system first looks at the GBP in the Derived Account and if there are insufficient funds in the Derived GBP Account the system now looks in the Frega GBP Account and if insufficient funds there you will be prompted to make a Foreign Currency Transfer from within your Derived Account. If you have insufficient funds there you will be prompted to Top Up your Account.

The Insufficient funds Top Up link was going to the wrong page. This has now been addressed.

FREGA CRYPTO CROWD FUNDING

We are currently coding the ability for members to be able to release their own Crypto Token.

Terms and Conditions

Have to be a Business or Social Group
.
Have to have subscribed to the Plan and 2 other Applications.

Agree that no more than 2.1 million Authorized Tokens to ever be issued of which 20 % ( 420,000 ) are to be partitioned off and made avail to Frega to release re the pari passu Model.

30% to be partitioned off, to be distributed to their clients via the reward system pari passu based on the Market Value.

Remaining 50 % (1,050,000) is theirs and only gets released to them at 10,000 tokens every month over a period of 8.9 years. (105 months) (1,050,000).

Agree to pay 20 % of their passive income as the Underpin to the Tokens.

Agree to pay a listing fee of $100 Pounds a month.

NB: There is a formula in regards to this that will be detailed in the FAQ’s which will be upload in the coming week.

More than meets the eye !!

The commoditized release of Crypto Tokens through the Application has huge implications for Frega and the establishment of the Frega distributed/decentralized economy and the transfer of wealth from Web 2.0 to Web 3.0 Members.

FREGA

Request a payment

The Request a Payment functionality has now been completed.

NB: We will be working on the KYC processes over the next two weeks, we have some changes to do to the workflow process and once done it will no longer be possible to Buy Tokens or Make or Request a Payment without having completed steps 1 and 2 of the KYC Process.

SYNDICATES

We have released a new syndicate: Crowd Funding Crypto App - 200 000 $1-00 each.

SYSTEM MAINTENANCE

We have spent some time this last week looking for deadlocks in the system that were causing the slow page loading and some of the blank screens that you would have been experiencing and we have also been fine tuning the system to get more efficiency and speed out of the Database which is an ongoing process as we go forward.

We have addressed several issues in regards to the Frega rating system. We will be adding more functionality to the Frega rating soon now that we have more functions and Applications to add to it. The big thing next week is to start working to get the KYC process up and running with the functionality the FCA requires and soon to follow the GDPR.

We have Tidied up the drop-downs on Frega. It has been noted that this has caused the Logout Tab to disappear beyond view on some devises. We will be moving the Tabs around over the coming week so in the meantime please reduce the screen size and this will allow you to Logout and access the other tabs in the drop down.

NB: We have now deleted the Derived Value Tab on the Frega drop-down as this is now no longer relevant as it has been replaced with the Frega Crypto Crowd Funding Application.

FREGA MOBILE

We have now finalized the updates on the Spec for Phase 1 of the Mobile App and this will be sent to the developers on Monday.

Please refer to Attached Document for screenshots.

Thank You

Regards

Your Technical Support Team


Anita...
Attachments didn't come through.
The following user(s) said Thank You: John H

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1 day 12 hours ago - 1 day 11 hours ago #15378 by Anita:Technical Support
WEEKLY UPDATE AND PROGRESS REPORT 19/05/2018

File Attachment:

File Name: AWEEKLYUPD...2018.pdf
File Size:1,010 KB

POS

Editing stock items - Edit mode for stock items has been implemented.

NB: This will also update the fields for the same product listed in S2T product management.

THE PLAN

Number Position Switches

We have now coded the number position switch so that the Step 2 numbers to switch to now only show the Number Positions that are not already in your existing 10 or 20 NumberVille Tables making it easier to choose without getting double ups preventing the switch.

The Plan - Login

We have fixed a bug with The Plan login/link sharing and the PayPal payment method when joining the Plan.

FREGA CRYPTO TRADING

Underpins


Frega, RealP2P, Frega News, and GDPR Underpins have been completed.

Trading History Weighted Values

Now that we have a lot more data we have been able to calculate more realistic weighted value averages across the different Tokens. You will now see the last 50 and 100 Weighted Trades on the Token History tables. We have also connected this to the Trading screen weighted values.

Crypto Trading Token Purchase Functionality

The Crypto Trading purchase functionality where the system first looks at the GBP in the Derived Account and if there are insufficient funds in the Derived GBP Account the system now looks in the Frega GBP Account and if insufficient funds there you will be prompted to make a Foreign Currency Transfer from within your Derived Account. If you have insufficient funds there you will be prompted to Top Up your Account.

The Insufficient funds Top Up link was going to the wrong page. This has now been addressed.

FREGA CRYPTO CROWD FUNDING

We are currently coding the ability for members to be able to release their own Crypto Token.

Terms and Conditions

Have to be a Business or Social Group
.
Have to have subscribed to the Plan and 2 other Applications.

Agree that no more than 2.1 million Authorized Tokens to ever be issued of which 20 % ( 420,000 ) are to be partitioned off and made avail to Frega to release re the pari passu Model.

30% to be partitioned off, to be distributed to their clients via the reward system pari passu based on the Market Value.

Remaining 50 % (1,050,000) is theirs and only gets released to them at 10,000 tokens every month over a period of 8.9 years. (105 months) (1,050,000).

Agree to pay 20 % of their passive income as the Underpin to the Tokens.

Agree to pay a listing fee of $100 Pounds a month.

NB: There is a formula in regards to this that will be detailed in the FAQ’s which will be upload in the coming week.

More than meets the eye !!

The commoditized release of Crypto Tokens through the Application has huge implications for Frega and the establishment of the Frega distributed/decentralized economy and the transfer of wealth from Web 2.0 to Web 3.0 Members.

FREGA

Request a payment

The Request a Payment functionality has now been completed.

NB: We will be working on the KYC processes over the next two weeks, we have some changes to do to the workflow process and once done it will no longer be possible to Buy Tokens or Make or Request a Payment without having completed steps 1 and 2 of the KYC Process.

SYNDICATES

We have released a new syndicate: Crowd Funding Crypto App - 200 000 $1-00 each.

SYSTEM MAINTENANCE

We have spent some time this last week looking for deadlocks in the system that were causing the slow page loading and some of the blank screens that you would have been experiencing and we have also been fine tuning the system to get more efficiency and speed out of the Database which is an ongoing process as we go forward.

We have addressed several issues in regards to the Frega rating system. We will be adding more functionality to the Frega rating soon now that we have more functions and Applications to add to it. The big thing next week is to start working to get the KYC process up and running with the functionality the FCA requires and soon to follow the GDPR.

We have Tidied up the drop-downs on Frega. It has been noted that this has caused the Logout Tab to disappear beyond view on some devises. We will be moving the Tabs around over the coming week so in the meantime please reduce the screen size and this will allow you to Logout and access the other tabs in the drop down.

NB: We have now deleted the Derived Value Tab on the Frega drop-down as this is now no longer relevant as it has been replaced with the Frega Crypto Crowd Funding Application.

FREGA MOBILE

We have now finalized the updates on the Spec for Phase 1 of the Mobile App and this will be sent to the developers on Monday.

Please refer to Attached Document for screenshots.

Thank You

Regards

Your Technical Support Team
Attachments:
The following user(s) said Thank You: Steve Weller, Annamarie, Angela, Kiwianne, Simon Adams, Robert, John H

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4 days 7 hours ago #15193 by Carol Johnson
Yes , on a learning curve Wayne.

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4 days 8 hours ago #15191 by wayne kemp

Carol Johnson wrote:

Prosperitywithpurpose wrote: Thanks for that explanation Steve ......
But if we deposit in BGP the bank does the foreign exchange don't they .... Not sure.
But if so, it would be better to do it in Frega .... at least we share the resulting revenue amongst the members.


I just did a deposit in GPD from a NZ CC and got zapped with foreign exchange fees from the bank.


yes much better to put money into frega in your countrys currency and convert it on our platform .
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4 days 8 hours ago #15190 by Carol Johnson

Prosperitywithpurpose wrote: Thanks for that explanation Steve ......
But if we deposit in BGP the bank does the foreign exchange don't they .... Not sure.
But if so, it would be better to do it in Frega .... at least we share the resulting revenue amongst the members.


I just did a deposit in GPD from a NZ CC and got zapped with foreign exchange fees from the bank.
The following user(s) said Thank You: Prosperitywithpurpose

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1 week 15 hours ago #14973 by Barbarella

Prosperitywithpurpose wrote: Thanks for that explanation Steve ......
But if we deposit in BGP the bank does the foreign exchange don't they .... Not sure.
But if so, it would be better to do it in Frega .... at least we share the resulting revenue amongst the members.



GBP LOL

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1 week 1 day ago #14967 by Steve Weller

Prosperitywithpurpose wrote: Thanks for that explanation Steve ......
But if we deposit in BGP the bank does the foreign exchange don't they .... Not sure.
But if so, it would be better to do it in Frega .... at least we share the resulting revenue amongst the members.


Yes true Steve the more we do in house the better :-)
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1 week 1 day ago #14963 by Paddy Delaney
You will see we have added more tabs on the drop-down on The Plan...on the left... slowly slowly building the management structure of the eco system
The following user(s) said Thank You: Anita:Technical Support, Angela, Kiwianne, Prosperitywithpurpose, John H, Dennis

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1 week 1 day ago #14960 by Prosperitywithpurpose
Thanks for that explanation Steve ......
But if we deposit in BGP the bank does the foreign exchange don't they .... Not sure.
But if so, it would be better to do it in Frega .... at least we share the resulting revenue amongst the members.
The following user(s) said Thank You: Barbarella, Robyn Lockhart

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1 week 1 day ago - 1 week 1 day ago #14958 by Steve Weller

Martin Hill wrote: I have noticed now that the auto foreign currency exchange transfers is working now.

So if we want to buy some Crypto's, we don't need to worry about mucking around with manually transfers to one account to the other though the foreign currency account. Just if you have fund's sitting in your frega account, you can buy Crypto. Yeah much easier. Cheers team.


It still has to be in GBP it doesn't do an auto foreign exchange... it does as follows:

Crypto trading purchase functionality first looks at GBP in Derived is account and if insufficient funds it will look in Frega GBP account and if insufficient funds there you will be prompted to do a Foreign Currency Transfer in your Derived account or if you don’t have sufficient funds at all you will be prompted to top up your account and best to do it in GBP to save you a foreign currency transfer fee once deposited.

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1 week 1 day ago #14954 by Martin Hill
I have noticed now that the auto foreign currency exchange transfers is working now.

So if we want to buy some Crypto's, we don't need to worry about mucking around with manually transfers to one account to the other though the foreign currency account. Just if you have fund's sitting in your frega account, you can buy Crypto. Yeah much easier. Cheers team.
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2 weeks 2 days ago #14646 by Paddy Delaney
I am in regular contact with Andre be but not prepared to move to uk
The following user(s) said Thank You: Kiwianne

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2 weeks 2 days ago - 2 weeks 2 days ago #14629 by Prosperitywithpurpose
With regard to .......

"As part of the KYC/ AML (Anti Money Laundering) requirements As Know Your Customer (“KYC”) and sanction requirements continue to be a key focus area for management, The FCA needs to know how on top of things we are in accordance to money laundering and firms must ensure they are following appropriate compliance procedures to meet the increasing regulatory demands. Firms operating on a global scale must also demonstrate a robust compliance framework, ensuring that each territory has sufficient management oversight and that AML requirements are being adhered to at both a local and global level, including suspicious activity reporting obligations, penalties for non-compliance, AML audits and data privacy .......... "

Is Andre Nobbs still involved in any way? His experience with the Australian Serious Fraud Office would be priceless in regard to AML!

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2 weeks 2 days ago - 2 weeks 2 days ago #14624 by Anita:Technical Support
WEEKLY UPDATE AND PROGRESS REPORT 5/05/2018

File Attachment:

File Name: WEEKLYUPDA...2018.pdf
File Size:609 KB

UNDERPINS

We have completed the 1st stage of the RealP2P Underpins, we are waiting for more data to come through for the figures to level out.

THE PLAN

We have closed The Plan Statements.

All extra $ that was put into the Plan Account that was over 14 pounds has been returned to the GBP Frega Account. We had to keep $1 in the Account to make the functionality work and any $ that had been deposited into the Account in different currencies has been refunded to the respective Currency Accounts.

FORGOT PASSWORD

The Forgot Password functionality is now also showing on Frega but the email functionality to send the password reset is still to be finished so for now the Forgot Password functionality can be found on Something2Trade.

CODE PIN PROMPT

Returning members that do not have a Code/Pin will now be prompted to register a Code/Pin on Login so that they can be placed in 10 additional NumberVille Tables. This has multiple benefits such as an increase in fiat currency distributions and a matching increase in mined tokens etc.

Access to functionality on the Platform will be inaccessible until a Code/Pin has been selected.

GLOBAL SUPPORT

Global Support Tab - As part of the KYC/ AML (Anti Money Laundering) requirements As Know Your Customer (“KYC”) and sanction requirements continue to be a key focus area for management, The FCA needs to know how on top of things we are in accordance to money laundering and firms must ensure they are following appropriate compliance procedures to meet the increasing regulatory demands.

Firms operating on a global scale must also demonstrate a robust compliance framework, ensuring that each territory has sufficient management oversight and that AML requirements are being adhered to at both a local and global level, including suspicious activity reporting obligations, penalties for non-compliance, AML audits and data privacy.

We are about to start working on the KYC requirements for Global Support. Global Support will be required to know where our members are domiciled and how much $ can legally pass through the Account before the respective authorities need to be notified. Once the Account total exceeds the legal requirement we will be required to freeze the Account until we have been notified by the authorities it can be re-opened. We have started specking the legal requirements and the alerts and prompts to enable Global Support to keep an eye on the minimum transaction thresholds, under which customer due diligence is required and the high-level requirements for verification of customer identification information.

MENTORS

A Mentor Tab will be added to the Plan drop-down and we will start populating the Mentor Functionality over the coming weeks. (Currently in the planning Stages)

POS

Enhancements are being made to the POS system to include Bar Code reading and the ability to better manage the data capture process

CONSORTIUM ONE APPLICATIONS


We have started to work on the specifications of the 11 Applications that will be funded from the money raised from Consortium one.

FREGA MOBILE

We have signed the NDA with a technical team in the USA
They will start working on Frega Mobile next week and we are looking at 4 to 6 weeks for the delivery of Phase 1 of the project.



Regards
Your Technical Support Team
Attachments:
The following user(s) said Thank You: Gill Poole, Angela, Rob Evans, Viv Hill, Karen Hellier, Robert, John H, Dennis, Charmaine1, Ozzieglyn and this user have 1 others thankyou

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2 weeks 6 days ago #14381 by Paddy Delaney
We are gathering data on trades ..Robyn I will send through updated data in few days... we will then refine algorithm and allow the market to take over
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2 weeks 6 days ago - 2 weeks 6 days ago #14377 by Steve Weller

wayne kemp wrote:

Steve Weller wrote: The game has changed :) ... checkout your Portfolios.. Frega Crypto is now 5 GBP and all other Tokens 2.50 GBP ....
I see there are still a few good deals on the Trading platform ... I doubt they will be there for long ... Happy trading :)


shouldnt the history of the crypto go back to 5 pound or 2.5 ,so we can start a fresh and get a new normal (just asking i havnt got a clue )


The weighted history is still settling itself as more trades happen ... All Tokens will soon all have their own live values and will be connected and take over the 5 GBP and 2.5 GBP you see on the main trading screens we have the algorithm ready are coded for that ..we are just keeping it real in the mean time gathering more raw data ... :) It does't have a baring on willing seller willing buyer prices
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2 weeks 6 days ago #14376 by wayne kemp

Steve Weller wrote: The game has changed :) ... checkout your Portfolios.. Frega Crypto is now 5 GBP and all other Tokens 2.50 GBP ....
I see there are still a few good deals on the Trading platform ... I doubt they will be there for long ... Happy trading :)


shouldnt the history of the crypto go back to 5 pound or 2.5 ,so we can start a fresh and get a new normal (just asking i havnt got a clue )

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