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Author Topic: [ANN][ICO] 💠 FORTY SEVEN BANK 💠 – Connecting Financial Worlds  (Read 4580 times)
FortySeven
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October 06, 2017, 11:22:27 AM
 #181

I assume that this is a cryptocurrency bank but how would you connect real bank into this? And what's the difference with this to those other exchanges?


Forty Seven Bank is not just cryptocurrency bank. Our concept is to build the bridge between cryptocurrency world and traditional monetary systems - to unite financial operations with crytocurrencies and fiat currencies under one roof. We will offer traditional banking products and services, as well as similar services for cryptocurrencies which are currently not being offered by any other bank. There is no bank working with cryptocurrencies on the same level as with fiat, whereas banks of the future will have to adjust to changing evroinment. Forty Seven Bank will be a pioneer in this field by taking a leading position among the banks of the future.

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FortySeven
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October 06, 2017, 11:40:52 AM
 #182

joined the bounty, looks like a great project!


Thank you for your opinion and support!
Looking forward to making it successful project and sharing our success with you.

ICOs
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October 06, 2017, 11:46:49 AM
 #183

What would the benefit of this bank be? There are many already.

poordeveloper
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October 06, 2017, 11:48:42 AM
 #184

What would the benefit of this bank be? There are many already.
For example, I can see they will offer cryptocurrency accounts.





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FORTY
SEVEN
   
  We are Connecting Financial World
Regulated Decentralized European Crypto Bank  >>>>>>>>>
 


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FortySeven
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October 06, 2017, 12:05:30 PM
 #185

UK bank? Will it be multicurrency?

Yes, our customers will be able to have bank accounts in different fiat currencies like USD, EUR, etc.
Thanks a lot for your reply. When do you guys plan to launch? Do you have experience to be able to meet the licensing requirements? A bank is not a lemonade stand...

Thanks for your question!
We are planning to launch as Electronic Money Institution (EMI) and Payment Institution (PI) in August, 2018 and we are planning to get a banking license in June, 2019. Our team has relevant successful experience in creating financial technology products that have received official licence from Financial Conduct Authority (FCA) in the United Kingdom.

FortySeven
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October 06, 2017, 12:22:26 PM
 #186

so the Pre-ICO and main ICO price is same 0.0047 ETH ?
am i right about this ?


You are right, the price of FSBT token is the same - 0.0047 ETH. However, there is min. contribution amount of 4.7 ETH during pre-ICO and 0.047 ETH during ICO. Bonus during pre-ICO is 30% and during ICO bonuses are the following: 1-3 days - 15%,   4-7 days - 10%,   8-14 days 5%,   15-28 days - 0% bonus, but bonus for quantity of tokens acquired. You can find out more about bonus structure in our White Paper on page #70 following the link:   https://drive.google.com/file/d/0BzvESRkgX-uDeHc1QjRzbHRBelU/view

I'm sure that the FORTY SEVEN BANK isn't first cryptocurrencies bank, there many of them out there one of cryptocurrencies banks is bankera. btw do you think is fixed price and min 4.7 ETH during pre-ICO are opinion appropriate for the success of your project?
It's noteworthy to say that Forty Seven is going to create a real bank, not just an e-money wallet.


Thank you for your comment, you are absolutely right. Whereas other ICO projects related to finance are usually offering some kind of product or service, we offer complete banking solution and concept that unites two financial worlds. A credit or a debit card with connected cryptocurrency wallet is just one of the products in wide list of products and services of Forty Seven Bank.
Awesome Smiley

Just joined your signature campaign. This is a much needed project in the cryptocurrency space.

Just to confirm, will deposits be insured by the FSCS (UK's Financial Services Compensation Scheme) just like any other bank?

Yes, all the deposits will be secured according to laws and regulations of the United Kingdom.

FortySeven
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October 06, 2017, 12:29:28 PM
 #187

What are your plans when you release the bank?
I mean, which products will you launch first?

It depends on the milestone. But even at first milestone we will launch with these products and services:
For individuals:
1) Multi-Asset Account (SWITF, Crypto account);
2) Credit and debit cards;
3) Loans;
4) Personal and travel insurance;
5) Investment & brokerage products.
For business:
1) Loans;
2) Payment processing;
3) Invoicing;
4) ICO escrow services;
5) Smart contracts;
6) API account management.

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October 06, 2017, 12:41:56 PM
 #188

What are your plans when you release the bank?
I mean, which products will you launch first?

It depends on the milestone. But even at first milestone we will launch with these products and services:
For individuals:
1) Multi-Asset Account (SWITF, Crypto account);
2) Credit and debit cards;
3) Loans;
4) Personal and travel insurance;
5) Investment & brokerage products.
For business:
1) Loans;
2) Payment processing;
3) Invoicing;
4) ICO escrow services;
5) Smart contracts;
6) API account management.
Will the cards be issued by you or resold like "online wallets" do?

FortySeven
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October 06, 2017, 12:45:48 PM
 #189

Can I buy FSBT from any wallet?

It is better to buy tokens via resource like MyEtherWallet where you have acces to your ERC-20 tokens. Or directly from your Ethereum wallet.
I mean, can I send from exchanges directly or not?


You will need an Ethereum compatible wallet or an application where you and only you hold the private keys. Private keys are needed to correctly interact with smart contract functions, like transferring cryptographic tokens. Do not send ether ETH directly from cryptocurrency exchanges, only an ETH compatible wallet.

Cholly_crotth
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October 06, 2017, 12:47:53 PM
 #190

Looking good project
Join bounty sir
rookieinvest
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October 06, 2017, 12:48:10 PM
 #191

I want to know what are the advantages of this project for investors

Investors will become FSBT token holders of our Bank. Tokens will be transfered to contributors' Ethereum wallets by a smart contract in conformity with the donation amount and the bonuses defined in the bonus system.

Token holders of FSBT tokens will get several important benefits:

1) They will be top priority clients of Forty Seven Bank and will receive yearly rewards in FSBL tokens that can be exchanged in our loyalty shop for wide range of different products and services, such as travelling, electronics, entertainment, clothing, etc. Forty Seven Bank will invest 20% of its net profit for previous year into loyalty program. The figure below describes this.

https://i.imgur.com/67GuVqK.png

2) Token holders will be the first to try our products and services.

3) Developers and businesses who have FSBT tokens will be able to get full access to Forty Seven Bank products and services and will be able to upload their applications on Forty Seven App Platform or build automated business powered by blockchain and smart contract technologies.

These are the main benefits, but there are more of them.

Apart from that, contributors to our ICO campaign will get additional benefits from Forty Seven Bank based on the amount of their contribution.

You can find more information about this in our document Token Holders Benefits following this link:   https://drive.google.com/file/d/0BwDjfDDrGhcsLTJOYzd1ZkZ0WU0/view
Will there be any limits on gifts or will it be possible to order as many gifts as you can with the tokens you have?
poordeveloper
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October 06, 2017, 12:59:36 PM
 #192

Yes, all the deposits will be secured according to laws and regulations of the United Kingdom.
Why do you want to launch Forty Seven?





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FORTY
SEVEN
   
  We are Connecting Financial World
Regulated Decentralized European Crypto Bank  >>>>>>>>>
 


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FortySeven
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October 06, 2017, 01:05:47 PM
 #193

In your goals I see "payment processing solutions" as part of the second milestone. Could you please explain what you mean with it?


Payment processing solutions are different possibilities for businesses and developers to receive payments from their web-pages, mobile applications, etc. Such solutions can be processing of Visa/Mastercard payments, SWIFT or SEPA payments and others.

FortySeven
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October 06, 2017, 01:29:16 PM
 #194

I want to know what are the advantages of this project for investors

Investors will become FSBT token holders of our Bank. Tokens will be transfered to contributors' Ethereum wallets by a smart contract in conformity with the donation amount and the bonuses defined in the bonus system.

Token holders of FSBT tokens will get several important benefits:

1) They will be top priority clients of Forty Seven Bank and will receive yearly rewards in FSBL tokens that can be exchanged in our loyalty shop for wide range of different products and services, such as travelling, electronics, entertainment, clothing, etc. Forty Seven Bank will invest 20% of its net profit for previous year into loyalty program. The figure below describes this.

https://i.imgur.com/67GuVqK.png

2) Token holders will be the first to try our products and services.

3) Developers and businesses who have FSBT tokens will be able to get full access to Forty Seven Bank products and services and will be able to upload their applications on Forty Seven App Platform or build automated business powered by blockchain and smart contract technologies.

These are the main benefits, but there are more of them.

Apart from that, contributors to our ICO campaign will get additional benefits from Forty Seven Bank based on the amount of their contribution.

You can find more information about this in our document Token Holders Benefits following this link:   https://drive.google.com/file/d/0BwDjfDDrGhcsLTJOYzd1ZkZ0WU0/view
Will there be any limits on gifts or will it be possible to order as many gifts as you can with the tokens you have?



No, there will be no limits. You will be able to order as many goods and services for as many FSBL tokens you have.

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October 06, 2017, 01:37:10 PM
 #195

In your goals I see "payment processing solutions" as part of the second milestone. Could you please explain what you mean with it?


Payment processing solutions are different possibilities for businesses and developers to receive payments from their web-pages, mobile applications, etc. Such solutions can be processing of Visa/Mastercard payments, SWIFT or SEPA payments and others.
I see. Won't that help you get more clients passively?

FortySeven
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October 06, 2017, 01:47:35 PM
 #196

What are your plans when you release the bank?
I mean, which products will you launch first?

It depends on the milestone. But even at first milestone we will launch with these products and services:
For individuals:
1) Multi-Asset Account (SWITF, Crypto account);
2) Credit and debit cards;
3) Loans;
4) Personal and travel insurance;
5) Investment & brokerage products.
For business:
1) Loans;
2) Payment processing;
3) Invoicing;
4) ICO escrow services;
5) Smart contracts;
6) API account management.
Will the cards be issued by you or resold like "online wallets" do?



Forty Seven Bank will issue its own cards, as it will have Principal Mambership in Visa/Mastercard and will be also BIN sponsor.

rookieinvest
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October 06, 2017, 02:01:33 PM
 #197

I want to know what are the advantages of this project for investors

Investors will become FSBT token holders of our Bank. Tokens will be transfered to contributors' Ethereum wallets by a smart contract in conformity with the donation amount and the bonuses defined in the bonus system.

Token holders of FSBT tokens will get several important benefits:

1) They will be top priority clients of Forty Seven Bank and will receive yearly rewards in FSBL tokens that can be exchanged in our loyalty shop for wide range of different products and services, such as travelling, electronics, entertainment, clothing, etc. Forty Seven Bank will invest 20% of its net profit for previous year into loyalty program. The figure below describes this.

https://i.imgur.com/67GuVqK.png

2) Token holders will be the first to try our products and services.

3) Developers and businesses who have FSBT tokens will be able to get full access to Forty Seven Bank products and services and will be able to upload their applications on Forty Seven App Platform or build automated business powered by blockchain and smart contract technologies.

These are the main benefits, but there are more of them.

Apart from that, contributors to our ICO campaign will get additional benefits from Forty Seven Bank based on the amount of their contribution.

You can find more information about this in our document Token Holders Benefits following this link:   https://drive.google.com/file/d/0BwDjfDDrGhcsLTJOYzd1ZkZ0WU0/view
Will there be any limits on gifts or will it be possible to order as many gifts as you can with the tokens you have?



No, there will be no limits. You will be able to order as many goods and services for as many FSBL tokens you have.
Its good to know it, thank you
ICOs
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October 06, 2017, 02:15:58 PM
 #198

Do FSBL tokens expire?

FortySeven
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October 06, 2017, 02:17:09 PM
 #199

Looking good project
Join bounty sir

Thank you very much for your support and feedback! We are also really looking forward to our benefitial cooperation!

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October 06, 2017, 03:29:19 PM
 #200

Any minimum amount to invest?

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