BLOCKBANK: Commercialized Crypto Bank.
Blockbank is a decentralized commercial funding system that aim to revolutionize the banking industry by making credit available and affordable to all including the unbanked or underbanked countries. Block bank plans to provide low cost funding to commercial entities and governments all around the world, this will certainly help bridge the gap that exists between developing economies and low cost funding products.
The Block Bank is a decentralized intelligent bank system that utilize blockchain technology to improve the effectiveness and security of money related administrations. Square Bank’s central goal is to properly manage an account industry by giving the most available advances to all, including non-banks. The Block bank team believes a key factor that will enable them fulfill their mandate and services to clients is to establish inter-bank relationships, and they have done that and also opened accounts with three separate international banking entities. Block Bank inter-bank partner is the Royal Bank of Canada with its core functions to perform and keep track of all transactions.
Block Bank platform hope to become the payment possibilities with minimum transactional costs, improved security and increased speed. Block bank provides services in both fiat and crypto currencies where all the transactions are processed by the smart contracts. The main advantage of block bank is their license for the international banking which separates them from other crypto banks.
BENEFITS OF BLOCK BANK PLATFORM
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.
BENEFITS FOR TOKEN HOLDERS
1. Token backed by real assets
2. Long term appreciation
3. Token holders earn 80% of Block Bank net profits
FEATURES OF THE BLOCKBANK TOKEN
1. Conversion rights
2. Voting Rights
3. Profit Drawing Right
4. Funding Requests
5. Project Submission
BLOCKBANK REVENUE SOURCES
1. Financial Planning Services
2. Commercial Lending Portfolio
3. Commercial Banking Business Assets
4. Physical and Securitized Assets
Tokens are called BBRT tokens, and they are made especially for the use of this project. ETH is currency which is accepted in this project. There will be 804 000 000 BBRT tokens in circulation. Pre sale started 20.11.2017. and it is going to last for one month. In pre sale will be 3 000 000 BBRT tokens.
1 BBRT token equal 0.2 dollars. In main crowd sale the price for 1 BBRT token will be 0,6 dollars.
06/09/2017 to 20/10/2017
IBC license Application preparation
11/09/2017 to 15/09/2017
Block Bank Ico Package development
01/10/2017 to 07/10/2017
Barcelona Blockchain Event. Crypto friends meeting up.
20/10/2017 to 27/10/2017
Banking license application payment and submission.
27/10/2017 to 03/11/2017
Swift Network Alliance 2 application.
02/11/2017 to 30/11/2017
Initial payment and Training on core banking software.
Block Bank ICO marketing campaign LAUNCHING.
26/01/2018 to 09/03/2018
Banking License acquisition.
Block Bank Capital ICO
MEET OUR TEAM
MEET THE ADVISORY
Kind Regards, please ensure to be part of this great project.
For more details, please click the links below:
ANN thread: https://bitcointalk.org/index.php?topic=2345662.msg23887918#msg23887918
Profile link: https://bitcointalk.org/index.php?action=profile;u=1887582
Eth addres: 0xd0D5d98857192B3931c831b7B809D47CD830da32