[ANN] [BAANX ICO] [BXX] – SMART CRYPTOCURRENCY SUPPORTING 1000+ CRYPTOBANKS

[jmiro1]

THE PROBLEM

Traditional Banking is in the hands of the few, unevenly distributed and centralised. To start a Licensed Bank / Cryptobank you need $20m+ and 2 years to get the Banking License.
The market is expected to grow to $10 trillion dollars in a decade. As new entrants require cutting-edge products and a License the danger is this will end up, yet again, in the hands of the few.


THE SOLUTION

BAANX.COM

OPEN SOURCE, OPEN ACCESS, OPEN OWNERSHIP

Baanx.com is the World’s 1st Decentralised Cryptobank, scaling in numbers of Cryptobanks to bring Cryptocurrency use into everyday life through trusted brand names and a trusted platform. Any qualified entity can create their own Licensed Cryptobank Brand and deliver to their customers using Baanx’s rules based platform which shares Banking Licenses between startups.

Bitcoin began decentralised currency, Baanx.com begins decentralised Banking through our values of Open Source, Open Access, Open Ownership.


THE PRODUCT


Baanx.com has attractive customer products with many 1st’s in development.
1)   “Price Lock” – lock in your Crypto price with one click of a button on your mobile in a fluctuating market
2)   “Insurance” – Baanx.com Cryptobanks are highly secure, also insuring customers from non-fault loss just like Traditional Banks
3)   “Mobile Pay” – one click of your mobile links your virtual card to any account/wallet, whether fiat or cryptocurrency. Pay with Apple Pay, Android Pay, Mobile in Merchants and Online easily with any currency you own.
4)   “Open Source” – external developers can release financial apps to all Cryptobanks in the network and reach all Customers.
5)   Large number of additional products in development in Savings, Lending, Investments



THE TEAM

Our leaders are entrepreneurs in Financial Services, already approved persons at the Financial Conduct Authority (UK).
Our inhouse technical and development team has worked with 90+ Banks delivering high level, secure, mobile banking applications.
Our Technology Partners are experts in delivering AI & automation (e.g. robo-advisors) and saving money within Banking Operations.
Our Advisors are some of the world’s leading experts in Blockchain, Cryptocurrency and ICO’s who have seen the vision of Baanx Decentralisation and joined our mission.


PLEASE SEE OUR INFORMATION:








THANK YOU FOR READING THIS ANN, PLEASE DO COMMENT BELOW AND IF YOU HAVE ANY QUESTIONS FOR OUR TEAM PLEASE CONTACT ICO@BAANX.COM

BAANX HAS RELEASED A VIDEO ON http://HTTPS://BAANX.COM AND WILL BE RELEASING NUMEROUS VIDEOS WITH THE CEO AND OTHERS IN THE COMING WEEKS.

Please do join our website at https://baanx.com to show your support for Baanx.com, if you are interested in being involved and / or helping us in our vision of a fair, decentralised Banking sector where Crypto and Fiat meet in one Mobile Banking Platform, then we want to hear from you – all offers of assistance are greatly appreciated. Please contact admin@baanx.com

[AbbyMontgomery]

reserved

[tippytoes]

But you still need to legally register this? Else, the credibility of the project is not good. Even if you have experts from your team, it does not guarantee that it will not deceive people.

[Baanx.com Cryptobank]

Hi - yes of course - Baanx.com will hold (once we have the funds, as per out whitepaper) EU, US, UK, Asia Banking licenses. Our system is branded in not only Baanx.com, but also new entrants to the Cryptobank market (see whitepaper for examples of interested brands)/

As such, within our rules based platform, the new brands are able to quickly release their new Cryptobank to their customers.

The back office is managed by Baanx.com - see whitepaper - e.g. customer funds cannot leave the system and customer data is protected.

Baanx.com is the best method to incubate, grow and deliver huge scale in the Cryptobank market through our Open Values - as these Cryptobanks within Baanx.com grow they will get their own licenses and ultimately may break away from the platform - though BXX Token Holders will still retain an interest in net transaction revenues as and when they do, with the Currency still being key within 1000s of Cryptobanks in this exciting market.

Decentralisation in this way gives open access to ownership and the ability to start a Cryptobank, as it grows you are right, they are likely to get their own Licenses and develop much further too. But this is part of the Baanx.com project and desire - that this occur - to achieve decentralised ownership and drive Cryptocurrency usage into everyday life, everyday banking and the general public.

[Baanx.com Cryptobank]

Baanx.com Ltd comes from FCA Regulated Individuals (approved, identity checked, CRB checked and listed in the UK), we are listed on the FCA Website under our Lending Business and our own names - Baanx.com Ltd is in negotiations with EU countries to position our Full Banking License application within the quickest possible time. The ICO is required in order to deliver the funding to achieve the Licenses needed.

Baanx.com Ltd will be audited quarterly by PWC (1st report available to BXX Token Holders at the end of the ICO, as well as our Shareholders) and has "full transparency" values of openness, our intention is to list on the LSE in 2-3 years to provide additional liquidity for further rapid development - whilst staying true to the original values of the organisation.

In reality if we (the sector) do not scale the Cryptobank sector fast the current Traditional Bank market will cut off the fiat to crypto currency supply by 2020 when they are sufficiently threatened - it is vital that we grow not just 1 Cryptobank, but a decentralised Cryptobank Network to ensure there is enough power in Licensed Cryptocurrency Compliant Banks to be strong enough to resist this and manage without Traditional Bank involvement.

Baanx.com will drastically expand the daily use of Cryptocurrency by sharing Licenses with business brands, charities, individuals and some banks (all of whom can share with their trusted customer base for rapid expansion of each Cryptobank) - by having both Fiat & Crypto Accounts and services on Baanx.com Cryptobanks, by using private card processing structures (outside of Traditional Banking) and various other vital means necessary - we ensure that the Fiat to Crypto supply will not be cut off - but will develop very quickly with this model.

If anyone wishes to discuss any elements of our project, or is interested in assisting us with developing further in any way, we are very pleased to speak with them. You can reach Garth Howat, the Baanx.com CEO, on garth.howat@baanx.com - if you have specific questions you want answered I, and my team, are here to do so. We also plan on taking key questions asked and answering by video - for your information and clarity. Feel free to suggest questions for new videos.

Thank you to all our current supporters and contributors to our project. This is a mission that means a lot to all of us at Baanx.com - we want to ensure real change and development - and we are here ready, willing and happy to talk to anyone about what that means personally and as a corporate entity.

[SeveralQ]

Hi everyone! Just added Baanx ICO to my website https://concourseq.io/Q/Baanx. ConcourseQ is a collaborative due diligence community that researches and reviews ICOs. Anyone with an account can submit information to your page, so we are reaching out to this community to get you all involved in the discussion. Thanks! PS: If you have any questions about filling in the info, feel free to ask us in our discord group: https://discord.gg/j8RBAwB

[Baanx.com Cryptobank]

Thank you for your interest and for adding to your site.

[Krezz2017]

Although the developers write that their project is the first decentralized banking platform, I can list several already those in which I participated. This is PopulTrade, MicroMoney, but, this does not mean that the project is bad. Not at all. On the contrary, I think that banking projects are the most successful. But, to be honest, I'm fed up with the same words in all presentations.

[Baanx.com Cryptobank]

Hi Krezz2017

Thank you for your comment, yes we also know of many that have used the "Decentralised" terminology - however this is creating "Decentralised Cryptobank Ownership" not just Decentralised Blockchain technology. Driving Banking power and ownership into the wider world - as well as ensuring Cryptocurrency use becomes as easy, available and simple as Fiat use in everyday life.

We allow new Cryptobanks to share our Bank License as well as a Bank Platform - there are many rules in place to ensure security of customer assets, confidentiality and so on - depending on the qualified Cryptobank owner. Please see the whitepaper for this information.

We don't want to be confused with other Cryptobanks who are not sharing their Bank Licenses with business brands, individuals, charities etc. and allowing them to start a Cryptobank on their platform.

Starting your own Cryptobank costs a lot of money - this way allows a huge explosion of Cryptobank customers built upon a safe, trusted platform, all sharing the Baanx.com Bank Licenses and avoiding them having to have €10m-€20m, a team of 20+ people and waiting 2+ years to get a License themselves.

[Baanx.com Cryptobank]

Hi Guys - thanks to your support of Baanx.com - 4.5 out of 5 on ICO Bench - the private sale is going really well.

If anyone is interested in talking about the Tech do let us know!

We are starting to run weekly videos to answer any questions you want to ask.

[olumyd]

Can the dev team help spell out some of the differences between Baanx and Bankex and FortySeven Bank? It would be nice to know if you consider these entities as competitors.

[Baanx.com Cryptobank]

Hello, thank you for your questions!

Yes of course, currently Bankex, Bankera, Forty-Seven Bank are all Cryptobank startups which are centrally owned by one entity, despite the fact they have Token based systems.

Baanx is similar in that it is in the Cryptobank market however in so many ways it is different as we are sharing actual Bank ownership amongst new Cryptobank startups across our Platform - allowing those chosen to start a Cryptobank for free (subject to a successful ICO) in order to promote fairness and take down the Traditional Bank market through mass adoption and the spread of Blockchain Cryptobanks across the World.

In short we allow qualified users to start their own Cryptobank on the Baanx.com Platform to promote the growth of Blockchain Cryptobanks and explode the number of new Cryptobanks available quickly as they reach their trusted existing networks and customers - and sharing the wealth created amongst all the new users - who are free in the future to either remain part of the Baanx.com platform, or break away once they are big enough, to start their own entire Bank Technology System (subject to still using BXX Baanx Coin within their system).

Baanx has many unique product offerings, from Account Insurance against non-fault Crypto or Fiat loss, Pay Lock (ability to lock your Crypto price at the push of a button) and many others in the pipeline. We also have Payments, Deposits, Savings, Investments and Loans - all that you would expect in a Cryptobank - except we will be not just 100s, but ultimately 1000s of Banks.

The Problem we have seen is that for years Banking has been in the hands of the few, a closed network of inefficient and corrupt organisations who do not have the greater good, or the majority of the population of the world as their main motivation. We know we can change all that, now you will be able to go onto Baanx.com and be able to start a Cryptobank Brand within days by sharing our Bank Licences and start to grow a Cryptobank focused on delivering services to any demographic, area, salary or income level or basically for any reason you wish! Whether to make money, or deliver cost-effective loans to low income families - the choice is yours.

Bank Licences cost $15-$20m and take 2 years+ - prohibitively expensive for most and too lengthy for others. So the Banks keep a hold of the market. We are opening this up to be fair and just, not just for business, but for charities, social enterprises and others, all able to open a Cryptobank / Bank / Financial Services - in many cases, subject to our successful ICO, completely for free.

If you have any questions around our Mission, Products or Technology do let us know, we are here to help and look forward to hearing from you.

[sujithks]

What is Baanx? We are a Cryptobank, but we intend to make the world fairer by allowing brands, businesses, charities and individuals to put their Name on top of Baanx Platform, releasing Crypto-Financial Services to the world in their own Brand! This will create massive uptake of Cryptocurrency use day to day and change the world as we know it......thank you for your support!
https://baanx.com/referral/2f626463