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Author Topic: [ANN] [ICO] MMRS - Money transfer and cash withdrawal on blockchain  (Read 5948 times)
Bank4YOU_Group
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November 27, 2017, 09:16:56 PM
 #1

Mobile Money Remittance System - Money transfer and cash withdrawal on blockchain

Launch Date 11/06/2017
https://bank4you.io/




ICO Price: Estimated USD 0.21/BFY
ICO Features: Bonus.
27.11.2017 - 17.12.2017 - buy BFY tokens and get your +10% bonus.
18.12.2017 - 31.01.2018 - there’ll be no bonus for buying BFY tokens.

Funding Target - Funding Cap: USD 50,000,000


CONSORTIUM
It is proposed to organize a private Blockchain system as follows: the virtual Bank4YOU Group’s divisions (private nodes) will serve as nodes for transaction verification within the consortium of Organizations participating in the system of international payment transfers. They will provide fast and cheap validation of transactions made by other network members. It is assumed that as the popularity of the system grows, mobile operators will have an economic incentive for placing the peer-to-peer nodes of the system in their data centers. This can significantly reduce the transaction costs associated with money circulation.

WORKFLOW
The main component of the MMRS is a system of tokens tied to local currencies of the countries of system user’s countries, which enables fast, reliable and cheap remittance of values across the borders of states and continents. Operating such tokens makes it possible to increase the user trust in the system providing the simplest and the most understandable mechanism for converting fiat currencies into electronic ones. The issue of tokens occurs only on condition of the fiat money being brought into the system, which is intended to ensure the stability of the exchange rate.

ICO FUNDS DISTRIBUTION
The ICO means will be preliminary distributed as follows:
• 65% towards development of digital infrastructure of mobile network operator’s consortium, which will provide functioning of the MMRS system.
• 8% for IT development
• 15% Marketing and Promotion
• 9% For the Development of a Loan Product Distribution Suite
• 3% for Team members

BFY TOKEN ALLOCATION
BFY Token Allocation is presented on the figure above:
ICO Token Sale Campaign - 80%,
Ecosystem Reserve - 10%, Marketing & Promotion - 6%, Advisory Board, Consultants and Partners - 4%.
Minimal amount of investment is USD $100.00
Payment Methods: BTC, ETH, GBP, USD, EUR
Jurisdiction: UK
Algorithm: Ethash / Token ERC20 / Asset
Total Supply: BFY 300,000,000

https://icobench.com/ico/bank4you

Twitter: https://twitter.com/Bank4YOUGroup
Medium: https://medium.com/@Bank4youGroup
Telegram: https://t.me/Bank4YOUGroup
FB: https://facebook.com/Bank4YOUGroup
Insta: https://instagram.com/Bank4YOUGroup
Github: https://github.com/Bank4YOUGroup/BFYContracts

Bounty campaign is now available! 30,000 BFY tokens are reserved for the Bounty Campaign. 
Join and support us -  https://bitcointalk.org/index.php?topic=2659330

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November 27, 2017, 09:31:31 PM
 #2

The project idea is not unique but quite interesting and may be very successful if the team works hard on it.

shchand
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November 27, 2017, 09:35:20 PM
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The project idea is not unique but quite interesting and may be very successful if the team works hard on it.

Bank4you Group’s team of representatives and advisers are all over the globe. Established in 2013 and headquartered in London, UK, in 2016 Bank4YOU transformed into Bank4YOU
Group, an international consortium of fin-tech service companies operating within the electronic mobile payment services arena. FCA License No715451, issued by the UK's Financial Conduct Authority authorizes
Bank4YOU to provide credit. Bank4YOU customers no longer need to depend on bureaucratic procedures associated with traditional banking. Its service has been created to ensure time-e ciency, convenience and secure transactions. Bank4You already works with a number of blue-chip organizations, delivering state-of-the-art prepaid card programs that target di erent user groups. Its customers are able to choose their ideal product from a wide range of pre-paid card options including Bank4You Group’s Corporate card and Premium card, along with mobile banking services. Yes sure we will do our best .

JaneAcker361
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November 27, 2017, 09:40:54 PM
 #4

What this project is trying to solve?

lusia2803
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November 27, 2017, 09:42:48 PM
 #5

Hello, could you please explain a bit about existing product you have and whether we can use tokens for them?
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November 27, 2017, 09:53:27 PM
 #6

I have read whitepaper and there were two tokens mentioned - BFY and MRS, not sure if they are related and how? We buy BFY during the ICo, is that correct?

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shchand
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November 27, 2017, 09:55:48 PM
 #7

What this project is trying to solve?

The company aims to ease international money turnover and to provide customers with an
opportunity to withdraw money in any local currency.

shchand
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November 27, 2017, 09:59:46 PM
 #8

Hello, could you please explain a bit about existing product you have and whether we can use tokens for them?
Bank4you Group’s team is international; our team of representatives and advisers are all over the globe. Established in 2013 and headquartered in London, UK, in 2016 Bank4YOU transformed into Bank4YOU
Group, an international consortium of  n-tech service companies operating within the electronic mobile payment services arena. FCA License No715451, issued by the UK's Financial Conduct Authority authorizes
Bank4YOU to provide credit. Bank4YOU customers no longer need to depend on bureaucratic procedures associated with traditional banking. Its service has been created to ensure time-e ciency, convenience and secure transactions. Bank4You already works with a number of blue-chip organizations, delivering state-of-the-art prepaid card programs that target different user groups. Its customers are able to choose their ideal product from a wide range of pre-paid card options including Bank4You Group’s Corporate card and Premium card, along with mobile banking services.

shchand
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November 27, 2017, 10:01:54 PM
 #9

I have read whitepaper and there were two tokens mentioned - BFY and MRS, not sure if they are related and how? We buy BFY during the ICo, is that correct?

Yes that is correct . BFY token is Crowdfunfing instrument made on Ethereum blockchain MMR token is designed to be a stable inner currency. All the operations inside the system Bank4YOU use MMR, which is not influenced by the volatility.

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November 27, 2017, 10:02:28 PM
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What are you going to do in order to provide liquidity to your tokens?
shchand
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November 27, 2017, 10:03:35 PM
 #11

What are you going to do in order to provide liquidity to your tokens?

Concerning BFY it gives its holders additional discounts for remittances and long-term profit from
turnovers inside the system.None other product gives a chance to make transactions with
mobile money globally.

il_benzina
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November 27, 2017, 10:04:26 PM
 #12

What are you going to do in order to provide liquidity to your tokens?

Concerning BFY it gives its holders additional discounts for remittances and long-term profit from
turnovers inside the system.None other product gives a chance to make transactions with
mobile money globally.

Can I just transfer money from your app to my friend, do not buy tokens and etc.?
shchand
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November 27, 2017, 10:07:42 PM
 #13

What are you going to do in order to provide liquidity to your tokens?

Concerning BFY it gives its holders additional discounts for remittances and long-term profit from
turnovers inside the system.None other product gives a chance to make transactions with
mobile money globally.

Can I just transfer money from your app to my friend, do not buy tokens and etc.?


The main component of the MMRS is a system of tokens tied to local currencies of the countries of system user’s countries, which enables fast, reliable and cheap remittance of values across the borders of states and continents. Operating such tokens makes it possible to increase the user trust in the system providing the simplest and the most understandable mechanism for converting fiat currencies into electronic ones. The issue of tokens occurs only on condition of the fiat money being brought into the system, which is intended to ensure the stability of the exchange rate.

il_benzina
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November 27, 2017, 10:13:57 PM
 #14

What are you going to do in order to provide liquidity to your tokens?

Concerning BFY it gives its holders additional discounts for remittances and long-term profit from
turnovers inside the system.None other product gives a chance to make transactions with
mobile money globally.

Can I just transfer money from your app to my friend, do not buy tokens and etc.?


The main component of the MMRS is a system of tokens tied to local currencies of the countries of system user’s countries, which enables fast, reliable and cheap remittance of values across the borders of states and continents. Operating such tokens makes it possible to increase the user trust in the system providing the simplest and the most understandable mechanism for converting fiat currencies into electronic ones. The issue of tokens occurs only on condition of the fiat money being brought into the system, which is intended to ensure the stability of the exchange rate.

Do you have a working prototype?
shchand
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November 27, 2017, 10:15:39 PM
 #15

What are you going to do in order to provide liquidity to your tokens?

Concerning BFY it gives its holders additional discounts for remittances and long-term profit from
turnovers inside the system.None other product gives a chance to make transactions with
mobile money globally.

Can I just transfer money from your app to my friend, do not buy tokens and etc.?


The main component of the MMRS is a system of tokens tied to local currencies of the countries of system user’s countries, which enables fast, reliable and cheap remittance of values across the borders of states and continents. Operating such tokens makes it possible to increase the user trust in the system providing the simplest and the most understandable mechanism for converting fiat currencies into electronic ones. The issue of tokens occurs only on condition of the fiat money being brought into the system, which is intended to ensure the stability of the exchange rate.

Do you have a working prototype?


Yes sure we have a working version of the application.

You can download the application at this link:
https://itunes.apple.com/ua/app/bank4you/id1069036395?l=ru&mt=8
https://play.google.com/store/apps/details?id=uk.bank4you.client

dfieldshorns84
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November 27, 2017, 10:20:38 PM
 #16

Do you have some video or something - about how it works?

shchand
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November 27, 2017, 10:24:34 PM
 #17

Do you have some video or something - about how it works?


Yes sure , here are the links :
YouTube: https://youtu.be/XiDXK51wq5E

ICO Website: https://bank4you.io/

dfieldshorns84
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November 27, 2017, 10:28:26 PM
 #18

Do you have some video or something - about how it works?


Yes sure , here are the links :
YouTube: https://youtu.be/XiDXK51wq5E

ICO Website: https://bank4you.io/


Thanks, the project seems really interesting, but what is the main competitive advantage of your app?

shchand
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November 27, 2017, 10:29:36 PM
 #19

Do you have some video or something - about how it works?


Yes sure , here are the links :
YouTube: https://youtu.be/XiDXK51wq5E

ICO Website: https://bank4you.io/


Thanks, the project seems really interesting, but what is the main competitive advantage of your app?


The mobile app will enable financial inclusion for people who are in desperate need of easy access to
financial services in countries across Africa, Asia, and Latin America. It would also lead to new opportunities
for businesses, financial institutions, and mobile network operators to use crypto currencies.

xanadue
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November 27, 2017, 10:32:36 PM
 #20

I have read whitepaper and there were two tokens mentioned - BFY and MRS, not sure if they are related and how? We buy BFY during the ICo, is that correct?

Yes that is correct . BFY token is Crowdfunfing instrument made on Ethereum blockchain MMR token is designed to be a stable inner currency. All the operations inside the system Bank4YOU use MMR, which is not influenced by the volatility.

Thank you. Okay, got it, all BFY will be exchanges to MMR later.
And then shall we use MMR for the app you developed?

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