 | BFEX (BFEX) |
Status
ICO
BFEX (Banking Future Exchange) is a blockchain-based financial system.
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Ticker
BFEX
Type
Utility-token
Token standard
ERC-223
What is BFEX
BFEX aims to develop nano-finance services to meet consumers demands. The key features of the platform are as follows:
- Decentralized Social Trust Credit Scoring (DSTCS): A credit system which reflects credibility of nano-finance customers in a decentralized manner, as opposed to the records shown by credit bureaus.
- Peer-to-Peer Lending Platform: A system which allows the lender and the borrower to interact and agree on terms and conditions of the loan such as the interest rate and payment due date. All the entries are recorded on the blockchain on Hyperledger Fabric.
- BPAY E-Wallet: Connects users to available goods and services of BFEX business partners from various industries. This allows BFEX users to gain a range of options of products and services, along with the possibility of cash back.
BFEX Roadmap
1
2018, Q2
Pre-sale.
2
2018, Q3
Public sale.
3
2018, Q3
Listing on exchanges .
4
2018, Q4 - 2019, Q1
P2P Platform Development; BPAY Development: E-Wallet, Partnership.
5
2019, Q2
Alpha Test: P2P Lending Platform, BPAY.
6
May 16 - June 30
Beta Test: P2P Lending Platform; BPAY.
7
2019, Q3
BFEX Official Launch: P2P Lending Platform (Token Model); BPAY.
8
2019, Q4
API Connection with 3rd Party.
9
2019, Q4 - 2020, Q4
P2P Lending Platform (Fiat currency integration).
Token Sale Dates
Presale Period
Start date: May 01, 2018
End date: Jun 28, 2018
ICO
Start date: Jul 01, 2018
End date: Aug 31, 2018
Token Allocation
Presale Token Supply 45000000
Total Token Supply 60000000
Funding Details
Soft Cap 12,000,000USD
Hard Cap 36,000,000USD
Token distribution
50% - Token Sale
10% - Reward and Bonus
12% - Bounty and Marketing
7% - Founder
2% - Advisor
7% - Development
12% - Loan Assurance
Funds allocation
45% - Research and Development
20% - Marketing
15% - Operations
10% - Partners
10% - Legal
Token Price and Payment Options
Token price USD 1 Token = 0.500000 USD
Accepted Currencies ETH
Project team
Daniel Jaeger
Co-founder
Joseph Swartz
Co-founder
Sam Roberts
Technical co-founder and CTO
Irin Chunsuntorn
International Business Development
Advisors
Wilson Thong
Advisor
Huan Johnson Koh
Advisor
Shankar Biswas
Advisor
Kaushik Bhaduri
Technical Advisor
Nilanjan Banerjee
Technical Advisor
Social media
Twitter
Telegram
Reddit
Medium
Facebook
GitHub
BitcointalkIndustries
One Response
About BFEX
What inspired BFEX?
Muhammad Yunus, professor and a Nobel Prize winner, once said: “Poverty doesn’t belong in civilized human society.” In our centralized world, rich people are getting richer, the poor are getting poorer. The financial gap between them keep growing every year. There’s an unequal power distribution in the society. By decentralizing with our peer-to-peer lending platform, BFEX are giving opportunities and the power back to the people who need it most.
Why invest in BFEX?
BFEX is for everyone: the lenders that can make profit by lending their money, and, on the other hand, borrowers that gain access to credits that never had before, start developing good financial habits, and build credits. BFEX puts 55% cash back to the users in BFEX. For example, if a hotel gives a 10% discount, 5 % goes directly back to the user, and another 5% will return to BFEX for further development.
BFEX focus on sustainable growth over profit. BFEX has developed the decentralized social trust credit scoring, which will provide everyone with an equal opportunity to start developing good financial habits despite their credit history. BFEX is a community of business partners who see BFEX as a potential of a better future in the financial sector and will accept BFEX as a payment method.
In the future, BFEX is expected to become one of the most important cryptocurrencies on the market and a valuable asset. That makes BFEX a sustainable token. The mission is to redistribute the power to those it belongs to.
BFEX is a strong team, who will continue to innovate, execute, and guide BFEX through the upcoming challenges. BFEX team would like to invite visionary investors who see the potential of BFEX to become a part of the journey.