[ANN] [ICO] MMRS - Money transfer and cash withdrawal on blockchain

[tolla123]

Hi team! Do you plan to work with a B2B sector for making peer-to-peer transfers ?

[niazzy]

Can you guarantee that i'll get my tokens after the end of ICO?

[Bank4YOU_Group]

Hello! I`m interested in mobile remmitamces. Do you have competitors? Are you better than other platforms and why? What are your advantages?

Hi! Thanks for the question!
We do not follow every other ICO but I can tell about our project. 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.
Users will be provided with:
- Lower money remittance fees than what compatible services offer.
- As low volatility as possible of the means of payment.
- Simplicity of conversion into other means of payment and B2C interaction, which implies:
Wide network of existing agents capable of cashing out a payment tool or, conversely, accepting cash in exchange for electronic money (more convenient to handle and/or to transport) Bank4YOU Group plans to develop the business in the countries with already formed market of mobile money, hence the expenses connected with creation of dealer and agency networks won’t incur.
Possibility of automatically converting one payment tool into another means of payment – mobile money and at electronic money.
Possibility of buying/selling goods and services using a means of payment
Micro-crediting system

[Bank4YOU_Group]

Hi team! Do you plan to work with a B2B sector for making peer-to-peer transfers ?

Hello!
This is exactly what our project does! Check our WP for more details: https://bank4you.io/docs/Bank4YOU_MMRS_WP_EN.pdf

[Bank4YOU_Group]

Can you guarantee that i'll get my tokens after the end of ICO?

Tokens will be issued by smart contract. You can check it by the link to github   https://github.com/Bank4YOUGroup/BFYContracts

[davemorg]

Hello! Just signed in to your project! I am a student, i want to promote your project to friends. Where can i get referral code and how to use it ?

[doublekilltriple]

How soon after the end of ICO will your project be ready for deployment and up and running? Do you have roadmap so i can see your plans?

[Bank4YOU_Group]

Hello! Just signed in to your project! I am a student, i want to promote your project to friends. Where can i get referral code and how to use it ?

Thanks for your question!
The referral program works by means of distribution of a referral code and provides fixed remuneration at a rate of 40 BFY. The main condition should be followed such as there should be BFY tokens purchased during the ICO campaign on the user's account. The one who sent and the one who activated the referral BFY code will receive bonus at a rate of 20 BFY each and referral tokens will be granted after the end of ICO only to those who made an investment and will be sent to the user's Bank4YOU wallet.
You can find your code at page https://cabinet.bank4you.io/referral

[Bank4YOU_Group]

How soon after the end of ICO will your project be ready for deployment and up and running? Do you have roadmap so i can see your plans?

Hi! Our project is already up and running in couple of countries. Check our app by the link
https://itunes.apple.com/ua/app/bank4you/id1069036395?l=ru&mt=8
https://play.google.com/store/apps/details?id=uk.bank4you.client

We already own unique card solutions packed with a range of state of the art mobile banking services. In addition, easy-to-use free of charge mobile Bank4You app, created by a team of experienced fin-tech specialists.
Our roadmap is availiable at https://www.bank4you.io/#roadmap

[Rolffkaisers]

Hi! I`m noted your app will have an ability to provide microloans. How would you identify the borrower and confirm the identity?

[waghops]

what is the maximum amount of MMR that I will be able to convert to local currency?

[denzhikv]

what will be the fee if I want to change from your token to my currency?

[baramagba]

will you have a unique biometric identifier?

[Bank4YOU_Group]

Hi! I`m noted your app will have an ability to provide microloans. How would you identify the borrower and confirm the identity?

Yes, you are right.
Our smart contracts will have the following information about borrower:
- Amount of loan
- Address of creditor
- Credit interest rates
- Series of loan charges
- Unique biometric indicator of borrower

[Bank4YOU_Group]

what is the maximum amount of MMR that I will be able to convert to local currency?

Hello! At this monent such limits were not specified. We will inform in case of changes on this matter.

[Bank4YOU_Group]

what will be the fee if I want to change from your token to my currency?

The fee is the one on Ethereum network. This makes it possible to offer lower fees, even when compared to the mobile money technology (for example, M-PESA charges a fiat fee of $0.40 for P2P remittances and a withdrawal fee of $0.33 for withdrawals under $33), especially if there is no need for an instant execution of the transaction. In the event of increasing the transaction confirmation time to five minutes, the fee is significantly reduced. The remittance price in a public Blockchain Ethereum is much lower than that of any of the systems under consideration.

[Bank4YOU_Group]

will you have a unique biometric identifier?

Yes we will, and it will be stored in blockchain.
 The benefit of the system is knowing it is impossible to obtain any information on the transaction history of a specific person without possessing their biometric data, thus protecting users against any malefactors.

[kolotov]

Hello! What part of the income gained from Bank4You Group bank activites goes to token holders? What percentage? How frequently? Pease can you expalin the point a little bit?

[Bank4YOU_Group]

Hello! What part of the income gained from Bank4You Group bank activites goes to token holders? What percentage? How frequently? Pease can you expalin the point a little bit?

Thanks for the question!
Part of total group companies income up to 1% received from loan products implementation, 1% of income by group of companies of mobile money remittances total turnover is divided between tokenholders.
Please see page 23-24 of our WP http://bank4you.io/docs/Bank4YOU_MMRS_WP_EN.pdf  , you can find the actual formula of calculating holder’s award during payment period, which is 1 quarter of a year.

[brahmaputra]

Can i get free tokens?