FortySeven Banks ICO is open now and below is my review on the ICO.
Website: https://www.fortyseven.io/
Whitepaper: https://drive.google.com/open?id=0BzvESRkgX-uDeHc1QjRzbHRBelU
Summary:
Forty Seven Bank will be a fully digital innovative branchless financial institution which complies with all EU directives, Basel III, Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) and Bank of England requirements.
The bank is going to be specialising in digital finance services by fully supporting cryptocurrencies and traditional fiat currencies. Basic cryptocurrency procedures include sale and purchase features, investment and exchange options and crypto-saving and current accounts. Multi-Asset Account will be one of the featured innovative products powered by Forty Seven Bank. it will allow customers to have access to all their accounts in different banks and crypto wallets as well as to their investments and savings in cryptocurrency and fiat equivalents via single application. It will be possible to operate with each asset type accordingly by having only one Multi-Asset Account at Forty Seven Bank.
Their goal is to invent such market- place and take the leading position in both short and long-term perspectives. Companies will be able to attract finances via product invented by Forty Seven Bank – Cryptobonds. Cryptobonds will be traded on various exchange platforms (mainly at the one developed by Forty Seven Bank).
Supply and Cost
Total supply of FSBT tokens depends on pre-ICO and ICO results.
One FSBT token costs 0.0047 ETH.
However, there is min. contribution amount of 4.7 ETH during pre-ICO and 0.047 ETH during ICO. Bonus during pre-ICO is
30% and during ICO bonuses are the following: 1-3 days - 15%, 4-7 days - 10%, 8-14 days 5%, 15-28 days - 0% bonus, but bonus for quantity of tokens acquired
Team
Aleksandrs Malins is the CEO and the entire team looks excellent. They have a lot of experience in the industry and are poised to become thought leaders.
Partnerships
They just announced partnerships with Deloitte and other industry majors, which is a great positive.
Final Remarks
Looks to be a good ICO, I will be investing with long term gains in mind. The team looks excellent and the business model is also unique and intriguing.
Final Rating
4.5/5 ; Subscribe!
Bitcointalk : cosmicintegral7
Telegram :cosmicintegral7
Eth Address : 0x59e1131cfc693ce28b3e6f88a8f83c7c08ef7a56
