Smart Blockchain CryptoBank Network Coin?
Baanx is a platform that will allow qualified users to establish their own cryptobank – bank for cryptocurrencies – without the onerous licensing and large investment needed for traditional banking. The company is also issuing its own cryptocurrency, the BXX token, which will be used internally within the platform and will entitle owners to vote on some of the company's internal decisions.
BAANX
Baanx claims to be the very 1st crypto-based bank which is offering bank ownership that’s entirely decentralized. The project offers a rather open access as well as a platform based on strict rules. You would also be able to share the Bank licenses to release branded, cutting-edge and completely automated Crypto-banks in no more than 72 hours.
The smart contract system of the project is going to allow Bank Operators to provide different services which are free from the constraints associated with having to obtain a license as well as the huge liquidity backing. Furthermore, it shall feature an open API for all external developers.
The BAANX Team
Baanx's team has several decades of experience in the financial tech industry, including software developers who have worked with major credit card companies. The company has received coverage from many online publications devoted to cryptocurrencies, but it has not yet gained a large following on social media aside from its very active Telegram page.
Members
Janis Dzable (Crypto Investor, Trader and Specialist)
Max (Blockchain)
Michiel Triebert (CEO, Internet Entrepreneur, Mobile Expert)
BAANX BXX ICO Details
Baanx's pre-ICO sale will begin on March 14th, 2018, with its full ICO beginning on April 8th. Pre-ICO customers will receive a 25% discount, but they must register in advance, and these customers will be kept to a 10,000 Euro limit during the first 48 hours. The company is hoping to sell 200 million BXX tokens during the pre-sale, and 500 million more during the ICO; it is ultimately hoping to raise 62.5 million Euros by the end of the ICO in order to secure banking licenses in its targeted jurisdictions. The company says it will accept a variety of both fiat and cryptocurrencies during its ICO.
The BXX token will be intrinsically important to Baanx's platform: all transactions within the platform will use BXX tokens as an intermediary. Thus, the popularity of the platform will directly influence the value of the currency.
Token owners who own over 20,000 BXX will be entitled to receive their share of 20% of the company's profits; the company does not mention how often these payouts occur. Owners will also have the right to vote on some of the company's decision making, including bylaws about requirements to operate a cryptobank.
In addition to its ICO, Baanx mentions in its whitepaper that it is planning a more traditional IPO in 2019 or 2020. The company hopes to be traded on the London Stock Exchange and secure even more funding to further pursue its goal of becoming the world's premier cryptobanking platform.
Visit more detail:
Website: https://baanx.com/
Whitepaper: https://images.fxempire.com/ico/whitepaper/baanx-whitepaper.pdf
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1696919
