Bitcoin when first came into limelight the main perspective was to keeping money in your hands, and staying away from banks. But, Banks are a big part of the financial economy, and we all know the advantages of it. Banks of now are afraid of cryptocurrencies, as they could eventually replace them. Here comes European Crypto Bank, with all the bank features with the accommodation for the cryptocurrency users.
The current market for cryptocurrency is very big and users will need more and more trading platforms. Most of the cryptocurrency holders need the service for tax support according to the survey conducted by European Crypto Bank. This is a banking project where you have service for cryptocurrencies as well.
What is European Crypto Bank?
European Crypto Bank (ECB) is building the first bank and trading platform to secure investments in cryptocurrencies market. A new generation bank: Cryptocurrencies trading platform, financial analysis on cryptos, tokens and tax assistance.
European Crypto Bank has an experience of 10 years in the field of financial markets and its analysis. Its team is also experienced a lot in this field and has much knowledge to take this to the next level. Also, they have a specialized team of financial jurisdiction and IT expert managers.
Is European Crypto Bank a Startup?
Europen Crypto Bank's website live at europeancryptobank.io has already answered that question, and the following has been referred from their FAQ section:
No, we are existing businesses, EUROPEAN CRYPTO BANK is a joint venture between FORGUES GESTION SAS FRANCE started in 2009 in Finance, Asset and Wealth Management in France, FORGUES GESTION UK LIMITED started in 2014 in Finance, Asset and Wealth Management in the United Kingdom and WOOSPEAK started in 2007 in Language training and Translation in Europe and WOOSPEAK Italia in 2015.
Check their Team and Advisors here.
ECB Token
European Crypto Bank has its own cryptocurrency as well. The introduction of this token takes this project to another level. With this token, the financial systems of this bank will work around. From financial advisers, common people to tax experts all over Europe can take advantage of this token.
The ECB Token is a swap to 2 differents Token which will be chosen by each Token Holder at the end of the ICO
All ECB Tokens selected by the Token Holder at the end of the ICO will be tradable.
The Token S is for our Tax Services, Tax Support and Litigations
Token S will give 5% of new Tokens S of the global amount to all Tokens holders each year.
Token S is anonymous, respecting the professional secrecy of lawyers in the world.
The Token I is only for Financial Services (Exchange and Trading Platform, Wealth Management, Financial Analysis) and will be buy-backed by the Company every year.We will buy back some Tokens I with 6% of our annual turnover in buying them on the Market. They will be locked in our Reserve. Token I is not anonymous.
ECB ICO Statistics:
ECB Pre-ICO was from 1st to 15th of February 2018, and the ICO is now ongoing and will end at 1st of May. There are different types of discounts of ICO token pricing if bought above a specific amount in the given time. Here are the details for those:
People worldwide can contribute to this ICO, except the citizens of the USA.
ECB is an ECR-20 token which means it runs on ethereum blockchain, which also enables to use smart contracts. To contribute to ECB ICO, you can pay via BTC, ETH, ETC, LTC, XRP, DSH, BCH, Fiat and Bank Transfers. All main cryptocurrencies seem to supported with bank transfers as well.
ECB will come to all major crypto exchanges soon after ICO end i.e. around June 2018. Also, ECB mobile application is due to be released from where you can perform transactions via Mastercard and Visa cards.
The Softcap is EUR 5000 000 and the Hardcap is EUR 200 000 000.
The ICO soft cap is already reached. After ICO end, all unsold tokens will be burned.
Pricing of Tokens in Pre-ICO & ICO
Date of Pre-ICO: February 1st, 2018-February 15, 2018
Token will be available for a limited amount of 48 899 756 for participants at 0.409 euro the unit (35% of discount) during Pre ICO.
ICO start: February 16, 2018, participants will receive discounts :
- The first period ( February 16, 2018, to March 9, 2018) 15% discount, so 37 348 273 tokens at 0.5355 euro the unit.
- The second period (March 10, 2018, to March 31, 2018) 10% discount, so 35 273 369 tokens at 0.567 euro the unit.
- The third period (April 1st, 2018 to April 22, 2018) 5% discount, so 33 416 876 tokens at 0.5985 euro the unit.
- The fourth period (April 23, 2018, to May 1st, 2018) no discount, so 190 476 190 tokens at 0.63 euro the unit.
ICO Finish: May 1st, 2018 20:00 GMT+1– the actual number of tokens in turnover will be open and known at the end date of the crowdsale.
Restrictions on the amount of purchase during the ICO. The minimum volume purchase is 20 tokens. The is no maximum amount.
ECB Token Distribution Statistics
The Initial Coin Offering is for the development of EuropeanCryptoBank. The funds raised will be used in the following way:
20% of funding will be allocated to the platform development: trading exchange, API connectors, high level of security, decentralized wallet, cold storage
25% for the PRM: Marketing, Sales, Campaigns, SEO, Events, mailing, Traditional media.
15% of the cryptocurrencies leverage (fund deposit)
10% A.I. AML, compliance, and KYC
10% A.I. Financial Advisor & A.I Wealth Management
10% Back and Middle Office, Support, Offices
5% Multiplatform Integration
5% Legal protection in UK, France and Italy, Banking licence,
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