Bankera is a bank that will be built for the blockchain era using technology to reduce the number of counterparties, thus lowering the cost of banking for the end consumer.
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The core elements of Bankera’s current technology include modules for SWIFT messaging, SEPA payments, payment cards integration, bank ledger, Bitcoin, Ethereum, DASH, NEM modules, fraud analytics and more.
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What is Bankera
The potential impact of technological development in finance is one of the hottest topics today. Many start-ups are trying to revolutionise financial services. However, they mostly focus on a niche and cannot take advantage of economies of scale, which is one of the main advantages enjoyed by traditional banks that may not be as technologically advanced. Bankera plans to achieve the scale to offer traditional and emerging banking products in a technology driven Blockchain era environment, eventually becoming the one-stop shop for all banking requirements.
Bankera is already achieving significant progress as a FinTech company, and plans to have significant infrastructure in place prior to the initial coin offering (ICO). Already, Bankera has the necessary regulatory and IT arrangements to offer individual international bank account numbers (IBAN) which can accept and make payments in the Single Euro Payments Area (SEPA). Bankera is in position to offer competitive foreign currency exchange rates, quick and cost effective international bank wires as well as having the “Bankera Payment Card” linked to cardholder’s payment account.
Bankera is building a digital bank to last, therefore, the focus will be on the scale, elimination of counterparties and offering core banking services such as savings and loans accounts. To achieve these goals, Bankera will apply for additional banking licenses in key jurisdictions to be able to operate in a spectrum of different fiat currencies and facilitate cross-border transactions without the need for counterparties. Bankera also plans to be a member of key financial networks, such as achieving issuer and acquirer status with major payment card schemes as well as becoming a participant in payment networks such as SEPA in EU, Faster Payments in the United Kingdom and ETF in Canada.
In addition to traditional banking products, Bankera will be providing innovative solutions for both individual customers and businesses alike, in a low-cost banking environment. For example:
To achieve these objectives, Bankera as a company is to be set up and an initial coin offering (ICO) will be conducted. The offering will be a virtual currency tokens known as a “Bankers” (BNK). Funds raised by the Bankera will be given as grant towards the development of Bankera as a project. An endowment will be made by operator of Bankera as a product towards Bankera as a company as part of its obligation toward the grant. Endowment payment shall be based on 20 per cent of the transaction net revenue earned by Bankera and SpectroCoin and paid to BNK token holders on a weekly basis. It is up to the discretion of the Bankera to then make payments to the BNK token holders as part of the reward for their contribution towards Bankera.
We have seen counterparty reduction emerge in e-commerce, where goods are now often purchased straight from manufacturers. In financial services, the trend up until now has seen financial technology companies building their businesses by piggybacking off existing infrastructure to create better solutions for individual products. For example, remittance companies have emerged simply because they could process bank wires faster in various countries. However, such technologies have created numerous counterparties. By being a core participant in financial markets, Bankera can provide many services without the need for such counterparties.
DetailsPre-sales: Aug 28, 2017 - Sep 19, 2017
Public sales: Nov 27, 2017 - Feb 28, 2018
Token supply: 25,000,000,000 BNK
Total tokens for sale: 2,500,000,000 BNK
Hard cap: 450,000,000 EUR
Raised: 150,949,194 USD
LegalBlockchain Platform: SpectroCoin
Registration country: Virgin Islands (British)
Registration year: 2017
Office address: MDE'S Building, 2nd Floor, Purcell Estate, P.O. Box 4406 Road Town, Tortola
Token infoTicker: BNK
Token standard: ERC20
Dividends: Each holder of Banker (BNK) tokens will be entitled to a referral commission, paid weekly; this will be constituted of 20% of Bankera and SpectroCoin net transaction revenue. This will be implemented by taking 20% of Bankera's and SpectroCoin's net revenues and sending them to the smart contract.
Token price in USD: 1 BNK = 0.02 USD
Accepted currencies: DASH, ETH, BTC, USD, NEM
Pre-ICO participants will be allocated 10% of all tokens issued. ICO participants will be allocated 30% of all tokens issued. SCO (secondary coin offering) participants will be allocated 30% of all tokens. Management team and employees will be allocated 25% of all tokens over time. Advisors will receive 5% of all tokens for their insights and contacts to help Bankera succeed.
The required IT infrastructure to facilitate payment processing and issue personal IBANs or payment cards have already been developed and are available as a minimal viable product (MVP) in the form of SpectroCoin.
10% of the tokens will be distributed to determine the price of the ICO.
Support of full P2P transfers, mobile wallets and the start of membership application of the major payment networks such as card schemes and remittance networks.
30% of the tokens will be distributed to solve the capital issue so that we can build a successful bank for the blockchain era.
After the ICO, a banking license will be obtained. This will allow us to offer loans and deposit services.
The launch of services related to low-cost investment solutions such as equity traded funds (ETFs), cryptocurrency and crypto token funds as well as robo advising.
The synergy between investment and payment products will offer new types of money such as economic growth linked currency or usage of ETFs as a medium of exchange.