In 2017 crypto market showed a mighty growth that attracted millions of people around the world from different fields of science and business. The main cryptocurrency that established a basis of crypto market was Bitcoin. Underlying technology of Bitcoin is Blockchain that enables to store any transaction data into blocks, sequentially.
Currently, many startups around the world in the field of financial and banking services strive to raise money through ICO by copying traditional bank functionality. The main goal of that startups is to build one more traditional bank
in traditional bank industry with inherited bureaucratic mechanisms coming from a number of licenses. Meantime, two of the most important and basic components of any successful bank are just ignored,
reserve system and
program of client insurance.
BANKllect is a decentralized intellectual bank network that allowing anyone
worldwide to participate as a lender or borrower. The object of lending as well as borrowing can be any tokenized item – token, fiat money, real estate, car, boat,
motorcycle, bicycle, pen and even pencil.
Besides unique services
BANKllect designed for their users there are many recognizable
services many bank clients are used to use on a daily basis. Among them:
1. «DEPOSIT & CHECKING ACCOUNTS».
Opening and storing cryptocurrencies are realized by «
Program of intellectual account (
PIA)». In contrast to traditional deposit of traditional bank «
program of intellectual account» presents a series of advantages. Among those advantages are,
first, no need for a bulk of documents,
second, dynamic interest that increases with deposit cryptocurrency regardless of deposit time term.
2. «CREDIT PROGRAM».
BANKllect will revolutionized global traditional bank system through our innovative client-oriented credit system, «
System of loyal crypto lending (
SLCL)».
«
System of loyal crypto lending» has many significant differences from traditional credit system. Among them:
a.
SLCL doesn't have such notion as client credit history. For example, as soon as
borrower pays off his credit debt he will be clear for any other credits.
b.
SLCL let any user to be as a lender as a borrower. Amount of money which
BANKllect user has in his wallet doesn't make sense.
3. «INSURANCE».
BANKllect's team developed two insurance program, «
Program of individual insurance (
PII)» and «
Program of collective insurance (
PCI)».
PII doesn't require any initial payment or monthly fee from its clients. PCI allow clients to:
a. insure any object that can be tokenized.
b. earn money on an insured object.
4. «PAYMENTS. MONEY ORDERS».
Designed technology «
Unicount» presents itself as an innovative program product that allow worldwide to:
a. open client account.
b. update client account.
c. close client account.
d. transfer any type of money.
e. pay for any services.
f. issue virtual payment cards.
g. issue virtual savings cards.
5. «CAPITAL MANAGEMENT».
BANKllect's team developed «
Forecast & Earn System (
FES)» which is based on own forecast mathematical method «
M-method». This method was tested on FX market and proved its high profitability.
6. «MONEY EXCHANGE».
Real time asynchronous system «
Excoin» lets users convert any type of crypto money in
one another momentarily.
«
Excoin» allow clients to:
a. make a suspended money exchange.
b. make a fix rate money exchange.
c. make an automatic term-passed money exchange.
BANKllect presents a full package of bank services of any type for as individual as
business.
At the heart of
BANKllect lies a revolutionary technology «
Smart Transactions» inspired by Bitcoin's transaction architecture.
«
Smart Transactions»,
first, eliminates many problems of Bitcoin transactions,
second, introduces a lot of new functionalities for smart analysis.
So, for example, «
Smart Transactions» allows to find practically any transaction with specific characteristics
for 0.7. seconds.
The main purpose of many current bank solutions in crypto market is to build a traditional bank with a «fiat-to-token» and «token-to-fiat» functionality. Thus, those solutions modernize exclusively the traditional bank industry not the crypto one.
The
main purpose of
BANKllect is to develop a bank crypto market and further, integrate it with traditional one.
Fundamental difference of
BANKllect from other solutions is that
BANKllect first of all and mainly focuses on designing unique financial ecosystem inside the crypto
market. Thus,
BANKllect doesn't require a number of money and time as well for various central authoritative licenses.
In order to launch
BANKllect as soon as possible the team of the project plans to start a procedure of Initial Coin (Token) Offering (ICO). The name of
BANKllect's token is «
Sphere» (
SPH). The name of the token was not accidentally chosen.
BANKllect is going to function inside
Decentralized Intellectual Advanced Network (
DIAN), «
IntellSphere» (Intellectual Sphere).
In its turn, the procedure of Coin (Token) Offering will be realized by four phases.
Phase 1.Pre-ICO – for launching first server cluster and user interface.
Phase 2.ICO – for forming reserve fund and completion of development of such own
technologies as «
Smart Transactions», «
Unicount», «
Forecast & Earn», «
M-method»
and «
Excoin».
Phase 3.SCO – for traditional global IT market integration's purposes.
Phase 4.TCO – for global launching Decentralized Intellectual Advanced Network,
«
IntellSphere» for many other business spheres.
BANKllect is a decentralized peer-to-peer bank network.
Its main task is to create an unique and
new generation bank ecosystem where each its participant will have a chance to choose a needed bank service and earn on it.
The
key difference from currently presented crypto bank solutions (Bankera, Polybius, Datarius, Crypterium, Change, etc.) is that
BANKllect proposes a series of bank-focused services in the way different from what the traditional banks do.
At the heart of
BANKllect network is a
participant. The participant is an individual or company
with or without initial financial capital (fiat money, coins, tokens). Our own technology «
Proof of Participation (
PoP)» allows the participants to earn money by a level of its activity in
BANKllect network.
Mining process is as simple as choosing one of the bank services and earn on it.
1 sphere =
0,01 US dollarsBounty campaign starts: 27 March 2018Total token pool of bounty campaign:
3 million US dollars (300M spheres)
Bounty allocation:• Youtube – 20%
• Linkedin – 20%
• Blog/Media/Article – 15%
• WeChat – 10%
• Twitter – 10%
• Facebook – 10%
• KakaoTalk – 10%
• Translation – 5%
OUR WEBSITE:
https://www.bankllect.com/OUR WHITE PAPER:
https://docs.wixstatic.com/ugd/570870_d6dae1ad8aa54142b67a41974a1f6834.pdf
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