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Author Topic: [ANN] Knabu - Financial Services for the Crypto Economy  (Read 128 times)
Knabu
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October 04, 2018, 11:49:42 AM
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Knabu: Our vision to build a fiat clearing bank for the Crypto community!

We are in Pre-Sale!

We first wrote our initial draft of the Knabu whitepaper in September 2017, as a culmination of years of thought and often frustrating experiences in having our bank accounts closed or queried simply because we use or reference digital assets. At the same time, we kept observing bad actors, not just opaque banks with terrible customer service, but token projects which are scams and taint our otherwise credible token market.

In the years leading up to Knabu, we’ve had the privilege of seeing our space grow massively. Back in the day there were small bitcoin meetups where you knew everyone by name. Now there is a massive global sector with large industrial scale projects: from decentralised exchanges to blockchain software architecture to miners to blockchain gaming. New services and models are being created at an accelerating rate.

We are still excited, as when we first discovered Bitcoin, about how the technology can eliminate inefficiencies and help optimise the benefits of numerous industries.

Yet, we remain acutely aware of two major problems: denial of bank accounts to crypto companies by banks whose models are outdated anyway, and bad actors in our space. These 2 problems still plaguing the crypto ecosystem, 6 years after bitcoin started to get mainstream attention in 2012.

So we’ve decided to tackle these non-trivial problems. Essentially, true decentralisation is extremely hard to achieve. We aim to marry decentralised and centralised models to create utility hybrids.

What Is Knabu?

In short, we are a blockchain technology company that has started the authorisation process to be a utility bank in the UK.

We want to enable innovators and future thought leaders to focus more on the quality and strength of their proposition. We will help them do that in two ways.

First, actors in the crypto economy should not have to worry about getting a business bank account or the stress of it being closed at short notice due to unjustified ‘risk’. Having an operational commercial bank account in our opinion is a basic right that should not be denied to crypto companies because they are doing something new. At the same time, the bank model is outdated. We are engineering our utility bank to use blockchain technology and build upon decentralised mechanisms that can remove inefficiencies that exist today.

Second, we want to enable our economy by building a stake and reputation driven platform where credible token projects are incentivised. This DApp aims to reward and support good actors with community consensus and easy to use tools so that innovators can focus more on the quality and strength of their proposition.

What Is A Utility Bank?

A utility bank is also known as a clearing bank. In the UK, clearing banks have settlement accounts with the Bank of England. The entire UK payment system settles across these Bank of England accounts. There are currently only seven clearing banks which are Barclays, HSBC, Lloyds Bank, NatWest, RBS, Ulster Bank and Clearbank.

In the last 250 years, there has only been one clearing bank to enter the UK market. We are looking to further break this monopoly and be the first blockchain technology company to be bring utility. We’ll do this as a B2B business, being being direct members of fiat payment schemes (eg Faster Payment and CHAPS). In addition to deposit taking and transaction processing of our own customers, we’ll facilitate the actual movement of money from one account to another between customers of other banks and payment service providers (PSPs).

Utility should be the order of the day in providing valuable services and helping the economy to grow. So we plan to introduce products and services which are blockchain aligned and which leverage the efficiencies of self clearing assets towards a universal settlement layer.

Our Team

Our Knabu team is a mix of crypto, financial services, legal and governance experts:



Gabrielle Patrick, CEO, also known as the Blockchain lawyer.

Barry MacMahon, CTO, Crypto technologist.

Janet Akala, CFO, financial controller and qualified accountant.

Diana Mihaylova, CMO, crypto trader interested in token project credibility

Dmitry, Full-Stack Developer Core C++ Developer, designing microservices architectures

Mikahaylo, Full-Stack Developer, designing scalable infrastructure

We also have an excellent team of advisors:

Ian Grigg, financial cryptographer with over 30+ years experience

Rod Ashley, bank CEO with a deep interest in Community Banking

Sharnjit Kauer, FX/ blockchain compliance and risk expert

Tom Nabelic, fintech & digital channel delivery expertise


Looking Forward

We are continuing to work hard on development and our licensing process. We appreciate the very positive and encouraging engagement with UK regulators in this journey who have shared their deep interest in fintech with us.

Due to demand, we have already started to work with projects who have a real need for launch tools so that they can focus more on their value add and community contribution. Using these tools they can focus less on potentially problematic nuances of token generation events. So our tool design is directly predicated on real market need.

You can find more information of us here:

All the best,

The Knabu Team

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John.Verdon761232
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October 05, 2018, 10:11:56 AM
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Hello Knabu team!

Your project https://icoholder.com/en/knabu-26278 was selected among others and was added to our listing - icoholder.com! After verifying the members you can adding more information about your ICO
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November 27, 2018, 11:34:57 PM
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Hey the going guys and welcome to Cryptolaboratory ICO rating list!
Our experts analyzed the ratings of 14 world rating agencies and on its base calculated the weighted average of the project.
Your rating is 64 of 100.
Full information you can see in the description of Knabu (KBU).
Just look us, comment on us and follow us on social networks.
Thank you for your attention!

|Cryptolaboratory team|
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November 27, 2018, 11:38:28 PM
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Why is this project so silent? Is their marketing team still working or what?
Your public sale is longer than most projects - 9 months.
So you need a good strategy on how to attract your potential investors here, big or small.
Otherwise, you will not reach even your soft cap.

 
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  PRE-SALE START
11 DEC 2018
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