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

[JanyJeand31]

I am U.S resident looking for opportunities to invest. Am I allowed to participate?

[Dxlike]

Do you visit roadshows to provide your project to investors ?

[Bank4YOU_Group]

Is there any chance that ICO will be extended?

ICO is extended till the 31st of March.
Delve into more details here:
https://medium.com/p/bf0d60eafc6d

[Bank4YOU_Group]

Where is your main office?

Bank4YOU Group Established in 2013 and headquartered in London, UK, Bank4YOU in 2016 has transformed into Bank4YOU Group, an international consortium of fin-tech service companies operating successfully within the electronic mobile payment services arena. FCA License No715451, issued by Financial Services Authority, UK grants the right to provide credits.

[Bank4YOU_Group]

When will the ICO be ended?

ICO will end on March 31

[Bank4YOU_Group]

Are there any benefits for travelers?

We have two cards:
Bank4YOU Card has been designed for individuals, who don’t want or don’t have a possibility to obtain a foreign bank account. The card can be used to withdraw funds globally. Ideal option for frequent travelers and students.
Bank4YOU Card Premium is a perfect card for exceptional customer experience. Best set of features capable to satisfy most demanding clients along with premium VAT refunding option.

[Bank4YOU_Group]

I want to pay with bank transfer. What purpose of payment should I state?

Please state the following purpose
'For digital services under invoice No., dated'

[Bank4YOU_Group]

I am U.S resident looking for opportunities to invest. Am I allowed to participate?

Unfortunately, no. Nor a “U.S. person”, within the meaning of regulations of the U.S. Securities Act 1933, nor a Canadian citizen, or a citizen of the Republics of Singapore and Korea, or the People’s Republic of China are allowed to participate

[Bank4YOU_Group]

Do you visit roadshows to provide your project to investors ?

as to roadshows please take a look at our website

https://bank4you.io/

and scroll down

[elzyo8]

Hello! Why blockchain is a proven technology stack for your project?

[Bank4YOU_Group]

Hello! Why blockchain is a proven technology stack for your project?

Hello!

We use blockchain because it it enables fast, reliable and cheap remittance of values across the borders of states and continents. Operating our 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.

Moreover, blockchain use makes system transparent and allows auditing by independent assessors who are not affiliated with Bank4YOU Group. Each user of Bank4YOU’s mobile wallet has an account where tokens can be stored in different local currencies as well as in the BFY token. Users can use available tokens for money remittances, to exchange them for other tokens, or can exchange them for local fiat currencies through an agent
system or use as payment for goods and services. Access to the account management system can be carried out through a web interface to manage available funds efficiently.

[ArifBestari]

Hello! Any updates on when this token come on any exchange now? Will I receive any information email or any notification?

[Bank4YOU_Group]

Hello! Any updates on when this token come on any exchange now? Will I receive any information email or any notification?

Hi. We are in negotiations to list on 2 exchanges: Binance and Exmo. There might be additional exchanges – we will update you. Listing will occur after the end of ICO.

[aalavandan]

Hello! Do you still have token bundles? Because i did not found it by the previous link.

[nata1602]

If you plan microloans feature, how will you identify borrower? and prevent fraud?

[Bank4YOU_Group]

Hello! Do you still have token bundles? Because i did not found it by the previous link.

Yes, we still have them. You can find them on our website https://www.bank4you.io/. Click on the red tag to the right

[Bank4YOU_Group]

If you plan microloans feature, how will you identify borrower? and prevent fraud?

Hello!
For microloans 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

So Unique biometric indicator of borrower will solve your question.

[helen123]

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.

[kamnibal]

I don't understand why do u use 2 kinds of tokens? Which benefits does it bring?