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BANKEX

Category: Banking

Protocol on dealing with assets

Project site: https://bankex.com
Start date: from 28.11.2017 to 28.12.2017
Hard cap (usd): 193000000
Country of ICO: USA
Rating:
1 Звезда2 Звезды3 Звезды4 Звезды5 Звезд (4 оценок, среднее: 4.0 из 5)
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The ICO stage: Ended
Token type: Ethereum
Available for: all
Presale
  • Start date: 05.07.2017
  • End date: 31.03.2018
  • Soft cap: 9200000 USD
  • Hard cap: 193000000 USD
  • Currency of presale: BTC, ETH, WAVES
  • Token price on the presale: 0.002 ETH
Tokensale
  • Start date: 28.11.2017
  • End date: 28.12.2017
  • Currency of tokensale: BTC, ETH, WAVES
  • Token price on the tokensale: 0.002 ETH
Description

BANKEX is building a new blockchain technology that enables the creation of Smart Assets, which is the beginning of developing a new generation of decentralized capital markets.. The company devises the Internet of Assets (IoA) — the online platform that allow tokenizing real assets.

It works on the principles of Bank-as-a-Service (BaaS) by implementing Internet of Things (IoT) and Artificial Intelligence (AI) technologies to monitor conditions of the assets and keep track of the asset evaluation proces .

BANKEX is developing a new tokenization technology that uses the blockchain technology to offer advanced Proof-of-Asset protocol for the financial markets. By using Smart Contracts, BANKEX may digitize various types of assets like portfolios including real estate, ensures that the asset is validated, turns it into a token, and places it on the market for trading. Liquidity in form of cryptocurrencies or even fiat money is is only a click away from asset owners. It provides investors the access to capital and guarantee clear cashflow.

BANKEX is supported by 10 banks and top tech companies, including the Microsoft Corporation. BANKEX is ranked in Top- 50 FinTech startups of the world.

What is the aset tokenization?
Tokenization is the process of protecting sensitive data by replacing it with an algorithmically generated number called a token, much like a website domain is a representation of an IP address on the internet, a token is a representation of information on the blockchain. By processing this information BANKEX PoA can perform actions that would usually require a third party for verification. Simply put – tokenization of assets is basically the process of passing on the rights to an asset into the blockchain and making it globally available. BANKEX tokens carry both functions : utility and security, while serving as a gateway to the platform they are also backed with the real world assets.

 

Problems asset tokenization solves

  • Numerous asset owners – this creates barriers to effective communication, distrust and making it harder to reach common ground.
  • High dispersion of assets – this results in blurred understanding of real cash flow that is generated by every single asset.
  • Long period of launching projects to achieve desirable liquidity.
  • Inability to enter the financial markets to attract sufficient investments for non-public companies.
  • Complicated process of keeping track of the lifecycle of an asset before sustainable cashflow reveals.
  • High legal and accounting expenditures caused by asset transfers if early investors sell their assets at peak profitability.
  • Complexity of asset withdrawal when the terms of contract are not fulfilled for any reason.”
Project team
Igor Khmel CEO
Denis Khoruzhiy CTO
Dmitry Dolgov TEAM LEAD
Stan Sushko LEGAL & COMPLIANCE
Nauris Dauksta GLOBAL COMMUNITY MANAGEMENT
Maria Mikhaylenko Director of Risks & Analytics
Petr Korolev BANKEX Foundation CEO
Vitaly Dubinin BANKEX Lab CEO
Constantine Kurbatoff Chief Strategy Officer
Nehemia Kramer ETHEREUM, EARLY-STAGE INVESTOR
Gabriele Columbro EXECUTIVE DIRECTOR AT SYMPHONY SOFTWARE FOUNDATION
David Wachsman FOUNDER AT WACHSMAN PR
Chris Skinner CHAIRMAN, THE FINANCIAL SERVICES CLUB
Sergey Sergienko Founder at Chronobank
Peter Cramton Professor of Economics at University of Maryland
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