YORITEX INC. develoded a unique SimcoePay FinTech project for modern comfortable alternative banking solutions both for EU residents and nonresidents, for users of cryptocurrencies and adherents of the traditional monetary system From artificial intelligence to cryptography, rapid advances in digital technology are transforming the financial services of landscape, creating opportunities and challenges for consumers, service providers, and regulators alike.
The key findings include the following:
- Barriers to entry are changing, being lowered in some cases but increased in others, especially if the emergency of large closed networks reduces opportunities for competition.
- Trust remains essential, even as there is less reliance on traditional financial intermediaries, and more on networks and new types of service providers.
- Technologies may improve cross-border payments, including by offering better and cheaper services, and lowering the cost of compliance with antimoney laundering and combating the financing of terrorism regulation.
- Boundaries are blurring among intermediaries, markets, and new service providers.
Yoritex Inc. guarantees equal rights and opportunities for EU residents and non-residents
when servicing at SimcoePay ™ Online Banking. Each SimcoePay EC client is given the opportunity to receive a multicurrency IBAN settlement account and a crypto-currency wallet with the option of remote opening, as well as a multi-currency debit card and full banking services,
including overdraft programs, bonuses and participation in P2P lending.
The Yoritex token (YRX) is an important part of the SimcoePay ™ ecosystem.
The start of the token sale has already begun and will last until May 10, 2018
Name of the token – YRX
The price of the token is 1 YRX = 0.00185 ETH
Standard token – ERC-20
There will be no minimum and maximum contribution amount
Softcap – 1,000,000 EUR (already collected 1,634,000 EUR)
Hardcap – 15,000,000 EUR
Accepted currencies are ETH, BTC, LTC
For the entire stage of the ICO a bonus of 60%
Period: November 29 – December 29, 2017.
The concept of “Make Your Offer” is the basis of the Pre-ICO round and so far Yoritex Inc. plans to sell up to 10% (51,000,000 YRX) of total YRX token items.
During this round, potential buyers can make Yoritex an offer to buy any number of tokens at any price.
If Yoritex agrees with the proposed offer, the deal will be closed as per the buyer’s requirements.
Payment currency: ХBT, ETH, LTC, USD, CAD, EUR.
Period: February 1 – May 1, 2018.
During the ICO stage Yoritex plans to sell up to 85% (433,500,000 YRX) of the total value of the YRX token. Buyers will be able to purchase Tokens at some of the world’s leading crypto exchanges.
On February 1, 2018 at the first trading date, the YRX price will be set at: 1 YRX = 0.00185 ETH.
During the next 89 trading days, everyday, the same amount of additional YRX tokens will be listed by Yoritex Inc. The initial price of the additional YRX token will be the same as the closing price on the last day – which correlates with the “LOFI concept – the last out, first in” (by analogy of well known accounting inventory accounting methods). Unsold YRX token will be destroyed.
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
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Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.