|
Title: PRE-ANN ICO Launch to fund Start up Specialised Bank project Post by: ablcoin on December 18, 2017, 12:54:21 PM Hi everyone,
I am considering an ICO launch for a small micro bank that will focus exclusively on asset based loans. I am eager to get the input and obtain feedback from this community so the ICO can happen on the best terms possible. My experience: I have been providing private business loans for over six years. If I do go ahead with the ICO. It will be under the following conditions: Minimum raise 2.5 million to cover the capital requirements for small banks in addition to operational costs. Road map: Maximum 12 months this is typically how long it takes for the FCA and the PRA to authorise bank applicants that meet their standards. Escrow: All funds will be held in escrow and will be released once it is required by the FCA and the PRA. Terms of the offering: I anticipate that the ICO will be structured as a dividend paying token. I am eager to gain feedback for this project and work with the community. So I am open to modifying the offering terms and taking advice on escrow recommendations. Please feel free to ask any questions. |