welcome to all your crypto companions wherever you are. Christina Handley again.. I will give you all information about one of the ongoing ICO project, “ Forty Seven Bank”. There’s a lot to talk about so let’s dive right in!
The Forty Seven is initially established to bridge between the conventional monetary systems with the world of cryptocurrency. The company was built in 2017 and based on technologies of information, marketing, economics, finance, as well as game industry professionals
Forty Seven is a unique project built to create a modern universal bank both for users of cryptocurrencies and adherents of the traditional monetary system; a bank that will be acknowledged by international financial organizations; a bank that will correspond to all the requirements of regulators. A team of professionals from the worlds of banking, finance, and IT with expertise and experience in the creation and licensing of payment systems, and building of electronic financial institutions will work to realize the goals of the project. For businesses, they will offer a payment processing solution in cryptocurrencies along with the traditional methods.They will be able to automate part of their operations via blockchain and smart contracts.For developers, a flexible API and Forty Seven Bank app platform will be provided to create their own fintech products and services.
Products
- Multi Asset Account
featured product of Forty Seven Bank which allows customer to get access to all the accounts in different banks, as well as to all crypto wallets and investment tools via one application. - The bank will invent crypto debt-instrument product
Crytobonds which will allow companies to attract financing in cryptocurrencies. - Wide range of products and services for businesses including payment processing, financing & factoring. invoicing, card issuing. etc.
- Payment processing solutions for other financial institutions and white label Bank as a Service solutions for developers.
Features and Technologies
- Forty Seven Bank is going to build the bridge between crypto community and traditional finance world
- Forty Seven Bank will create ecosystem compliant with Payment Services Directive 2 (PSDZ) introduced by the European Commission that comes into force in January, 2018.
- The ecosystem will operate with full support of blockchain, smart, contracts, biometrics and machine learning technologies.
- Forty Seven Bank will be the first financial institution providing full support to cryptocurrencies that is compliant with full regulatory framework.
Vision & Mission
The mission of Forty Seven Bank is to provide safe, innovative and user friendly financial services and products to our customers.
Individuals, businesses, developers, traders, financial and governmental institutions. Our range of products will unite cryptoworld and traditional finance world and grant new unique opportunities to both of them.
Values of Forty Seven Bank
- Transparency
- Financial stability
- Effectiveness and friendly procedure of user
- Security and privacy (data protection)
- Innovation
- Customer satisfaction
- Growing market share and worldwide expansion
- Benefits for all stakeholders
FORTY SEVEN TOKENS (FSBT)
This is a token that gives the right to take priority place in Forty Seven's loyalty program. Holders of FSBT tokens will be entitled to receive annual bonuses in the form of other (FSBL) tokens, depending on the number of tokens and financial results of the bank for the previous year. Also, FSBT tokens have practical applications in the ecosystem of the Forty Seven bank itself. At the end of the collection of funds, the tokens will be available for trading on crypto-exchange exchanges.
ICO terms
The main ICO began on December 16, 2017, and will end on March 31, 2018. There are a total of 9,957,446 FSBT Forty Seven Bank tokens (FSBT) available during the ICO, representing 90 %% of the total FSBT supply. A hard cap of 36,000 ETH is set for this period.
0.00393 ETH = 1 FSBT token
Currently accepted currencies for Forty Seven Bank include ETH, BTC, USD, EUR, and GBP.
Forty Seven Bank is an ERC-20 token. Contributors can send ETH and BTC from anywhere to the address they will see in their personal cabinet on the fortyseven.io website. However, they will have to specify the valid ETH address that is compatible with ERC-20 tokens in their personal cabinet. Tokens will be sent to the address specified in the cabinet, not the one from which ETH has been received.
Summary
Abbreviation: FSBT.
Control over emission: is provided by the system of interconnected smart contracts.
Rate: Fixed, value of one token – 0.0047 ETH.
Maximum amount of tokens to be generated: 11 063 829 FSBT (incl. bonus tokens, tokens for bounty and founders).
Minimum budget to start the project: 3 600 ETH (1M EUR).
Hardcap: 36 000 ETH (10M EUR).
Accepted cryptocurrencies on ICO: ETH, BTC.
ICO round 1: November 16 – December 16, 2017.
ICO round 2: December 17 – February 28, 2018.
ICO round 3: March 1 – March 31, 2018.
Road map
FORTY SEVEN BANK Team
The Forty Seven Bank team is true professionals from the banking, financial and IT industries with experience in creating and licensing payment systems and electronic financial institutions.
Forty seven bank advisors
Forty seven partners
Further Visits·
Website : https://www.fortyseven.io/
Whitepaper : https://drive.google.com/file/d/0BzvESRkgX-uDeHc1QjRzbHRBelU/view
Telegram : https://t.me/thefortyseven
Twitter : https://twitter.com/47foundation
FaceBook : https://www.facebook.com/FortySevenBank/
Reddit : https://www.reddit.com/r/FortySevenBank/
Bitcointalk ANN : https://bitcointalk.org/index.php?topic=2225492.0
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profile link : https://bitcointalk.org/index.php?action=profile;u=1179313