Bankera Digital technology has changed the face of finance. Most notably, perhaps, the birth of Blockhain has enabled us to digitalize money via cryptocurrencies such as Bitcoin. There have been many attempts to apply Blockchain technology to revolutionize other finance sectors. However, so far, most FinTech companies have been focusing only on a certain niche (e.g. remittances or lending) as they cannot take advantage of economies of scale enjoyed by traditional banks. Traditional banks, although have the funds, are not as fast at adopting new technologies as they are held up by legacy systems.
Bankera aims to revolutionize banking by taking advantage of what blockchain technology has to offer while still focusing on scale. This means that Bankera seeks to become one-stop store for all financial services, in the same way traditional bricks and mortar banks are now, while using technology to reduce the number of counterparties, thus lowering the cost of banking for the end consumer. Adoption of blockchain technology will also allow Bankera to offer new and unique solutions to its customers.ServicesBankera will offer three core lines of services:
Payments including payment accounts with personal IBAN, debit cards, interbank foreign exchange rates and payment processing. All services will support both traditional fiat currencies as well as cryptocurrencies such as Bitcoin, Ethereum, DASH, NEM, ERC20 compliant tokens and others. In the long term, Bankera will implement innovative solutions as gross-domestic-product (GDP) linked currencies or use equity traded funds as a substitute for money.
Loans and deposits will be a key competitive edge as well as core service of Bankera. Not only saving, but also current deposits will receive interest. All Bankera clients will be able to benefit from higher interest rates due to proprietary information about borrowers' cash flows as most loans will be given to business clients of payment processing solution.
Investments solution will consist of low-cost investment products such as equity traded funds (ETFs), crypto-funds (a portfolio of various cryptocurrencies and crypto tokens) as well as roboadvisory solutions for wealth management. Later on, Bankera will offer investment banking services including financing corporate strategies of our business clients.
Status Quo of BankeraBankera will be operational and will have significant IT infrastructure in place prior to the initial coin offering (ICO).
Bankera already has the necessary regulatory and IT arrangements to offer individual international bank account numbers (IBAN) which can accept and make payments in the Single Euro Payments Area (SEPA). Bankera also offers competitive foreign currency exchange rates, quick and cost effective international bank wires as well as having the “Bankera Payment Card” linked to cardholder’s payment account.
All of these services can be tested at
SpectroCoin, cryptocurrency exchange, e-wallet, debit card and payment processor provider of which Bankera will be an operational fork. What has been developed so far will serve as a minimum viable product for Bankera to begin operations. However, to achieve its goal to become a fully operational bank service, Bankera needs to obtain capital.
Initial Coin Offering (ICO)To implement its vision Bankera is launching its own initial coin offering (ICO).
During ICO, Bankera will issue virtual currency tokens called
Bankers (BNK) on the Ethereum blockchain operated by a smart contract and following the ERC20 protocol. The value of each token will depend on the net transaction revenue commission share paid to token’s holder each week.
First, 20% of net transaction revenues of Bankera tokens will be exchanged to ether every week.
Second, all ethers will be sent to Bankera’s smart contract.
Third, smart contract will distribute ethers to holders of Bankera tokens pro-rata (i.e. if a holder has 1 % of all outstanding Bankera's tokens, he will receive 1 % of all revenue share.)
This means that Banker owners can earn commission by recommending it to others through word-of-mouth.
On
August 28th, we will launch a pre-ICO and we will offer
10 % of tokens to the public.
In
mid-October we will launch ICO campaign and we will offer
30 % of tokens to the public.
An additional
30% of the tokens will be offered during a future
Secondary Coin Offering (SCO) but never at a pricepoint lower than 0,1 Euro per BNK.
The remaining tokens will be allocated to employees and advisors.
25% of the tokens will be allocated to employees and be used for bounties to promote the ICO.
5% will be attributed to advisors who will advise us for several years until a fully functional bank will be in operation.
The price of a token during pre-ICO will be 1 euro cent and the price during ICO will depend on the total number of tokens issued during pre-ICO.
