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

[shchand]

Can I send real money to someone through your application or tokens only? In two words, how does it work - still it is a bit difficult to visualize.

Basically you are sending real money Just as MMR tokens, that is for fast and secure money transfer. You will buy and send MMR tokens but recipient will be able to withdraw them as real money, furthermore, in local currencies.

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[ArifBestari]

What is the main benefit for travelers?

[shchand]

What is the main benefit for travelers?

It is quite obvious - they will have hassle-free way to receive cash (if needed) or airtime for local mobile operators. That's very important when you are going abroad, especially to remote places, moreover, looking for moneychangers can be quite a task. Let alone, you would have to pay commission for the currency exchange.

[MakesMe]

What is the main benefit for travelers?

Oh, like you haven't traveled and experienced all that rush and need for currency exchange
Believe me, having such opportunity for cashing out in local currencies without need to rely on money changing shops is a great advantage.

[patrik58]

What options does the Premium Card4you provide?

[Godhand212]

What options does the Premium Card4you provide?

+ are those Premium card available for corporate customers only? May I order both, usual and premium card, or several usual ones?

[shchand]

What options does the Premium Card4you provide?

What options does the Premium Card4you provide?

+ are those Premium card available for corporate customers only? May I order both, usual and premium card, or several usual ones?

Those are ideal card for exceptional customer experience. Best set of features capable to satisfy most demanding clients along with with premium VAT refunding option.
Anyone can have premium card, you can order and own both cards, it is totally up to you. You can also apply for two similar cards - one in EUR and other in USD if you want so.

[urikmarkov]

In what soc media can I find your company?

[shchand]

In what soc media can I find your company?

Twitter - https://twitter.com/Bank4YOUGroup
LinkdIn - https://www.linkedin.com/company/27007303/
Facebook - https://facebook.com/Bank4YOUGroup
Telegram - https://t.me/Bank4YOU_Group
Medium-based blog - https://medium.com/@Bank4youGroup
Reddit - https://www.reddit.com/r/ethtrader/comments/78o1ex/bank4you_ico_launching_their_bfy_token_10262017/
Github - https://github.com/Bank4YOUGroup/BFYContracts

[banivur]

The cards you are offering currently do look attractive. Can I apply to have them now?

[shchand]

The cards you are offering currently do look attractive. Can I apply to have them now?

Of course!
Please, fill in the form and provide required details, pay the fee, and card will be mailed to you immediately upon approval.

[dakszmey]

So, I can buy BFY tokens and then either turn them into MMR tokens or keep them in order to earn profit from company's shares. Is that correct? How long can I keep BFY tokens, is there any expiry date for them?

[Bayuvivi90]

What you planning to do after the end of ICO?

[ceciljohns]

Looks good. I've completed the steps, what next? Who is providing the computing power and how do they get rewarded?

[shchand]

So, I can buy BFY tokens and then either turn them into MMR tokens or keep them in order to earn profit from company's shares. Is that correct? How long can I keep BFY tokens, is there any expiry date for them?

Yes, you can do either way - keep them or turn into inner MMR tokens.  The BFY token will allow profit on transactions and through other
financial operations in the system. Besides, the BFY token holder will be allowed to purchase MMR tokens on discounted price, which means cheaper services on cross-border transfers.

What you planning to do after the end of ICO?

2018 Q1: Creation of Bank4YOU mobile network operator consortium to provide digital infrastructure for MMRS project
2018 Q3: MMRS project beta version launch
2018 Q4: MMRS final version release.

[shchand]

Looks good. I've completed the steps, what next? Who is providing the computing power and how do they get rewarded?

Could you please clarify which steps exactly you have completed? Is it about card issuance or buying BFY tokens?

[tokensales]

It is ridiculous how much tokens and funds are allocated to founders, marketing, and advisors et cetera. I am definitely not putting my money in if I know that 10% automatically ends up in the pockets of employees and advisors.

Thank you for your opinion! If you take a look at our website https://bank4you.io/ you will see that we reached the soft cap and we are fine! When you change your mind, you are welcome to join!

What has reaching a soft cap to do with putting funds directly in the pockets of founders, marketing and advisors? Get yourself funded from another cashflow than the one from the ICO. People that invest in the ICO are interested in the project, not in paying founders, employees or advisors. 10% is seriously ridiculous high.

Your Token Allocation - "Marketing & Promotion - 6%, Advisory Board, Consultants and Partners - 4%"

But your allocation of funds is even more ridiculous:
• 15% Marketing and Promotion (??!!!!!! 15%???!!!!!)
• 3% for Team members

Thank you for your opinion! Reaching of the soft cap means that there are enough people for whom the project by professional team is valuable.

Thanks for answering fast.

So you are actually admitting that money flows directly into the pockets of team members and founders? Some investors don't read completely through your white paper and website, and may not be aware of such information.

Can you explain me the following:

• Why do you need 15% for marketing and promotion? Why 15%? How did you calculate it?
• Why do you need 4% of your tokens for advisory board, consultants, and partners? How did you calculate this?

Can u answer my question, please.

We apologize for making you waiting. Marketing and promotion are those things that drive the development of basically anything, that is why that do need funds to be allocated, and 15% is no way ridiculous but quite reasonable.
Team members do their work and it is can be considered key players, and it is common practice to allocate certain percentage for their work.
We can assure you that all calculations were done in a proper manner and in accordance to financial regulations, however, that is sort of business information that rarely disclosed.

If you are a startup it is quite weird to put investor money into the pockets of employees. Why don't you fund them with your own money or another cashflow? I am not interested in investing in an ICO of which 3% directly flows into the pockets of employees.

Also, transparent and honest ICOs and other companies that want to raise money DO include calculations. If you, as you said, have 'proper manner' for calculations than I guess it is no harm to share them. You are talking about money from the investor in your ICO, they should have the right to know what you do with their money.

Another question you did not answer before; why do you need 6% of your tokens for marketing if you already keep 15% of the funds? And 15% is really a lot already. Could you elaborate a bit why you ned 15%? What's your plan? What are you going to spend it on?

[shchand]

It is ridiculous how much tokens and funds are allocated to founders, marketing, and advisors et cetera. I am definitely not putting my money in if I know that 10% automatically ends up in the pockets of employees and advisors.

Thank you for your opinion! If you take a look at our website https://bank4you.io/ you will see that we reached the soft cap and we are fine! When you change your mind, you are welcome to join!

What has reaching a soft cap to do with putting funds directly in the pockets of founders, marketing and advisors? Get yourself funded from another cashflow than the one from the ICO. People that invest in the ICO are interested in the project, not in paying founders, employees or advisors. 10% is seriously ridiculous high.

Your Token Allocation - "Marketing & Promotion - 6%, Advisory Board, Consultants and Partners - 4%"

But your allocation of funds is even more ridiculous:
• 15% Marketing and Promotion (??!!!!!! 15%???!!!!!)
• 3% for Team members

Thank you for your opinion! Reaching of the soft cap means that there are enough people for whom the project by professional team is valuable.

Thanks for answering fast.

So you are actually admitting that money flows directly into the pockets of team members and founders? Some investors don't read completely through your white paper and website, and may not be aware of such information.

Can you explain me the following:

• Why do you need 15% for marketing and promotion? Why 15%? How did you calculate it?
• Why do you need 4% of your tokens for advisory board, consultants, and partners? How did you calculate this?

Can u answer my question, please.

We apologize for making you waiting. Marketing and promotion are those things that drive the development of basically anything, that is why that do need funds to be allocated, and 15% is no way ridiculous but quite reasonable.
Team members do their work and it is can be considered key players, and it is common practice to allocate certain percentage for their work.
We can assure you that all calculations were done in a proper manner and in accordance to financial regulations, however, that is sort of business information that rarely disclosed.

If you are a startup it is quite weird to put investor money into the pockets of employees. Why don't you fund them with your own money or another cashflow? I am not interested in investing in an ICO of which 3% directly flows into the pockets of employees.

Also, transparent and honest ICOs and other companies that want to raise money DO include calculations. If you, as you said, have 'proper manner' for calculations than I guess it is no harm to share them. You are talking about money from the investor in your ICO, they should have the right to know what you do with their money.

Another question you did not answer before; why do you need 6% of your tokens for marketing if you already keep 15% of the funds? And 15% is really a lot already. Could you elaborate a bit why you ned 15%? What's your plan? What are you going to spend it on?

we are not a startup.
Bank4YOU was 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.

[and1975]

Do you give out promo tokens? How can i get them?

[shchand]

Do you give out promo tokens? How can i get them?

thank you for your question!
Unfortunately no there will be only MMR tokens, which underpins its Blockchain system for mobile money transfers inside the system. And the BFY tokens that are a crypto currency, which can be bought during the ICO campaign. The BFY token can be purchased on other exchange rates including cryptocurrency exchanges.