BlockBank ICO details
Start Date: 2018-2-8
End date: 2018-3-15
- Category: Banking
- Token: BBRT
- Type: ERC20
- Initial price: 1 LNC = 0.0003 ETH
- Hard cap: 350,500,000 USD
- Site: BlockBank site
- Twitter: https://twitter.com/block_bank
- Facebook: https://bitcointalk.org/index.php?topic=2345662
- Reddit: https://www.reddit.com/user/BlockBank2017/
- Bitcointalk: https://bitcointalk.org/index.php?topic=2353455
- Medium: https://medium.com/@blockbank2017
- Telegram: https://medium.com/@blockbank2017
The mission and vision of BlockBank will revolutionize the banking industry to make credit more available and affordable to the un-banked or underbanked countries. BlockBank will serve as a funding platform.
BlockBank project attractiveness
Block Bank is a next generation Bank and utilises modern technology to improve efficiency and security.
Transparency and immutability
Changes to public blockchains are publicly viewable by all parties creating transparency, and all transactions are immutable, meaning they cannot be altered or deleted or recovered.
By eliminating third party intermediaries and overhead costs for exchanging assets, blockchains have the potential to greatly reduce transaction fees.
Interbank transactions can potentially take days for clearing and final settlement, especially outside of working hours. Blockchain transactions can reduce transaction times to minutes and are processed 24/7
All transactions being added to a single public ledger, any wallet addresses is random characters that cannot intrinsically be associated with a specific individual. This enables a high degree of privacy when required.
Security and integrity
Blockchain is maintained by a large network of participants, no one actor can easily gain enough influence to submit a fraudulent transaction or successfully alter recorded data. Users can trust that transactions will be executed as the protocol commands removing the need for a trusted third party.
High quality data
Blockchain data is complete, consistent, timely, accurate, and widely available.
BLOCK BANK BENEFITS FOR USERS
As part of the company mission BlockBank we be lending locally into domestic Smes and Commercial entities.
Affordable lending products will also be available to government offices, and infrastructure development projects such as , nutrition, energy and waste management services.
BlockBank proposes a revenue share allocation to a charity to be confirmed in licensed jurisdictions.
Development of rural areas and infrastructure development loans are an integral component of the BlockBank long term objective of providing affordable funding for long term projects which will have a positive impact on the community.
The Block Bank primary objective is to make money in a complaint manor in line with the company code of conduct and core values.
The management of risk is a core pillar in our code of conduct. Block Bank will only lend on a secured basis.
To further mitigate risk to the balance sheet B Block Bank will lend to a maximum 85% Loan to value. Block Bank will also adhere to the voluntary Basel iii accord regulations.
All lending will be conducted on a secured basis. High risk secured lending may be conducted in stages as well as under supervision to further reduce risk to the company.