[ANN] 💠 FSBT TECH 💠 – Open API For Fintech Developers

[poordeveloper]

Will payments between users be possible?

Please clarify this . Also what will the fee be .

Indeed, knowing specific conditions will be extremely helpful.

[1715057974]

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[1715057974]

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[1715057974]

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[rookieinvest]

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

[FortySeven]

As you will offer escrow services to ICOs and your clients will be identified, is it safe to assume the developers of the ICOs which make use of your escrow services will be properly identified via your KYC procedures?

Yes, definetely. We will examine ICO projects by ourselves and will make sort of open source rating agency. All the developers of ICO projects using our escrow services will be properly identified.

A bank escrowing an ICO sounds like the best guarantee any investor may want to have.

Definetely! We would like to improve the reputation of ICO market and make it recognizable legal procedure through which companies can attract financing easily, quickly and efficeintly.

[Retired]

What are your plans when you release the bank?

[FortySeven]

Will payments between users be possible?

Yes, sure. You will be able to make payments inside Forty Seven Bank ecosystem, as well as to other banks in all the parts of the world.

[Oceat]

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?

[icotokens]

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...

[FortySeven]

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?

We came to this structure after several long discussions and we believe that we have interesting structure for people to participate and contribute to our project. We are giving 30 % bonus at Pre-ICO, because minimum contribution is 4.7 ETH - those who take part in early stage with such minimm contribution amount - will get he highest bonus. If you have any suggestions, we are interested to hear them and, please, explain why do you think another strategy is better.

[FortySeven]

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.

[RAGEmond]

joined the bounty, looks like a great project!

[poordeveloper]

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

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?

[FortySeven]

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

[Retired]

What are your plans when you release the bank?

I mean, which products will you launch first?

[FortySeven]

Has the team relevant experience?

Yes, our team has relevant and successful experience of creating financial technology products and officially registering them and getting license at Financial Conduct Authority in the United Kingdom.

[Metallove]

How will your escrow services be like?

[FortySeven]

What are your plans when you release the bank?

When we get banking license we are planning to begin working with private customers from all over the world and with business customers from European Union. Later we are planning to expand our operations with business customers to other parts of the world.
Depending on milestone reached during ICO procedure we will have amount of capital that will allow us to begin with different range of products and services. You can learn more about our milestones and product introduction stages in our White Paper (starting with page #53) following this link:   https://drive.google.com/file/d/0BzvESRkgX-uDeHc1QjRzbHRBelU/view
Let us know if you need any further information!

[Retired]

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

[FortySeven]

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.

[FortySeven]

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]

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