BFEX – Futuristic bank for the un-bankable.

 

Introduction

The new thoughts are coming each day. Individuals need to put resources into the new undertakings. We have the greatest device on the planet, and it is known as the Internet. The web is a tremendous base of data where we can do anything. Web has associated the whole world. One of these undertakings is BFEX, a modern stage expecting to end up a bank for the un-bankable, enabling back to the general population whom it has a place with.

BFEX is an advanced stage planning to end up a bank for the un-bankable, enabling back to the general population whom it has a place with. What recognizes our stage is that we have built up the ‘Decentralized Social Trust Credit Scoring’. We trust in our current reality where individuals have measure up to access to money related assets, with the assistance of the special gatherings. This is the reason BFEX was built up. We make a stage which fills in as an extension between the advantaged and the contrary side of the general public. We’re likewise ensuring that our token utility will be maintainable, as we center practical development over benefit, by propelling the BPAY application. BPAY application gives an installment arrangement, enabling clients to pay for merchandise and enterprises from BFEX business accomplices over the globe.

BFEX is a social venture with an identity and a dream to make a world with consistent money related openness. BFEX mission is to give square with money related access to all by building up an all the more broadly available budgetary stage, and thusly, disturbing customary monetary foundations. While the vision is to build up a practical monetary framework where individuals can uninhibitedly get to the money related pool expected to enhance the nature of their lives and contribute emphatically to society.

Vision

Our vision is to build up a feasible money related framework where individuals can openly get to the budgetary pool expected to enhance the nature of their lives and contribute decidedly to society.

Mission

Our main goal is to give break even with monetary access to all by building up an all the more generally available money related stage, and thusly, upsetting the customary budgetary organizations. BFEX intends to use blockchain innovation, huge information, and Decentralized Social Trust Credit Scoring (DSTCS) to decentralize distributed loaning background.

BFEX intends to accomplish the three after objectives:

•To create credit scoring framework for nano-fund industry in view of Trust-Based Banking by Muhammad Yunus who got the Nobel Peace Prize in 2006. An inescapable piece of his idea is “We can expel destitution from the surface of the earth just on the off chance that we can overhaul our establishments – like the saving money foundations, and different organizations; in the event that we upgrade our arrangements, on the off chance that we think back on our ideas, so we have an alternate thought of needy individuals “.

•To build up a loaning stage for nano-fund by means of decentralized shared loaning. The terms and conditions for loaning and all the business exchanges connected to the information on DSTCS.

•To build up the BPAY E-Wallet installment framework. BFEX Tokens can be utilized to pay for merchandise and ventures with BFEX business accomplices. Not exclusively will the business accomplices have the capacity to develop and grow their business sectors through their organizations with BFEX, BPAY clients will likewise get half money over from the arrangements BFEX gets from its accomplices upon the installment made to BFEX business accomplices. This money back will be moved into the clients’ BPAY accounts toward the finish of 4 every month. For example, if a BFEX inn accomplice offers 20% off from an inn booking, BFEX will offer 10% money back to its client while utilizing the staying 10% for business improvement.

BFEX FEATURES

first Decentralized Social Trust Credit Scoring

BFEX – The principal framework on the planet to make a mixture credit scoring framework on blockchain. BFEX-Decentralized Social Trusted Credit Scoring is a blend between informal community conduct approval and check of the official archives.

100% Decentralized Credit Scoring

BFEX – DSTCS is the framework on a decentralized blockchain. The borrowers and banks work together in the outline of BFEX – DSTCS. Credit scoring framework outlined by client.

100% KYC

We have a completely KYC framework for the two borrowers and loan specialists. Our KYC framework is straightforward and evident, which store on blockchain.

Anonimity and Privacy

BFEX – DSTCS framework configuration in decentralized system with straightforwardness by demonstrating the client’s FICO assessment. In this way, BFEX not distribute the client’s photograph, genuine name and surname on our loaning procedure. The bank considers the financial assessment as critical.

Transform your Social Network into a score and gain cash

BFEX – DSTCS framework configuration in decentralized system with straightforwardness by demonstrating the client’s FICO assessment. Along these lines, BFEX not distribute the client’s photograph, genuine name and surname on our loaning procedure. The loan specialist considers the FICO assessment as noteworthy.

Money back your each compensation

BPAY is consistent e-wallet, which you can use with each merchat in our system by BFEX token straightforwardly. All your spending will be considered FICO assessments and get paid each 1-5% toward the finish of the month.

HOW BFEX WORKS

While saving money foundations are confined under conventional advancing framework, BFEX is resolved to create nano-back administrations to meet the buyers’ requests around the world.

Everybody can join

An exceptionally outlined DSTCS * framework. The majority of individuals are all the more effectively to access to an advance superior to an old way.

Blockchain and Smart Contract

The framework is straightforward and high security by utilizing Blockchain and Smart Contract to secure trust and certainty for all clients.

Set your own particular loan cost

Clients can offer loan costs individually, both the borrowers and banks. The advance sum and loan fee extend in your can offer, will be controlled by the framework.

Money Back 1-5%

BPAY wallet can pay for service bills, including BFEX vital accomplice stores, for example, lodgings, eateries and so on. Each spend through BPAY will pay 1-5% toward the finish of the month.

ICO DETAILS

Token: BFEX

Platform: Ethereum

Token Price: 0.5 USD

Token for sale: 105,000,000 BFEX

Token supply: 210,000,000 BFEX

Soft cap: 12,000,000 USD

Hard cap: 36,000,000 USD

Accepting: ETH

Restricted countries: No restriction

Roadmap

Q2 2018

Pre-sale

Q3 2018

Public sale

Listing on exchanges

Q4 2018 – Q1 2019

P2P Platform Development

BPAY Development

Q2 2019

Alpha Test

Q3 2019

Beta Test

Q3 2019

BFEX Official Launch

Q4 2019

API Connection with 3rd Party

Q4 2019 – Q4 2020

P2P Lending Platform (Fiat currency integration)

TEAM

FOUNDERS

Daniel Jaeger

Co-founder

He has over 10 years’ experience in implementation of complex financial systems around the globe in all industries such as banks, pharma and services.

Joseph Swartz

Co-founder

He has over 10 years’ experience in implementation of complex financial systems around the globe in all industries such as banks, pharma and services.

Person3

Sam Roberts

Technical co-founder and CTO

Sam is a seasoned IT Executive, Technology Strategist, and Digital Workplace Engineer with experience leading transformations within companies of every size

BOARD OF ADVISORS

Wilson Thong

Advisor

He has over 10 years’ experience in implementation of complex financial systems around the globe in all industries such as banks, pharma and services.

Huan Johnson Koh

Advisor

Johnson is not only the CIO of theAsianIR and the founder of Inproved, he is also a board member of two IPO companies. He has over a decade of…

Shankar Biswas

Business Advisor

Shankar has over three decades of experiences in business management, consumer finance, and investment and retail banking. He was one of the founding…

Kaushik Bhaduri

Technical Advisor

With a Bachelor’s in Physics and a Master’s in computer engineering, Kaushik worked for Microsoft Corporation for over two decades in Redmond. He adorned various…

Nilanjan Banerjee

Technical Advisor

Nilanjan completed his doctorate degree in theoretical computing from Texas Arlington University in the area of distributed networking. He was a senior researcher…

Irin Chunsuntorn

International Business Development

Irin is a new youth talent who has experiences in marketing with an international government sector and one of Thailand’s biggest PLC. Her intercultural communication

For more information, please visit:

WEBSITE: https://bfex.io/

WHITEPAPER: https://bfex.io/pdf/en/bfex_white_paper.pdf

ANN THREAD: https://bitcointalk.org/index.php?topic=3375492.msg35456988#msg35456988

FACEBOOK: https://www.facebook.com/BfexOfficial

TWITTER: https://twitter.com/officialbfex

MEDIUM: https://medium.com/@bfexOfficial

REDDIT: https://www.reddit.com/user/BfexToken

GITHUB: https://github.com/bfexofficial

TELEGRAM: https://t.me/BfexOfficial

Author TheJohnMatch

Mybitcointalkprofile:https://bitcointalk.org/index.php?action=profile;u=1673694

 

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