 | BFEX (BFEX)ICO  BFEX (Banking Future Exchange) is a blockchain-based financial system. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat 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.
DetailsPre-sales: May 01, 2018 - Jun 28, 2018Public sales: Jul 01, 2018 - Aug 31, 2018 Pre-sale token supply: 45000000 Token supply: 60000000 Soft cap: 12,000,000USD Hard cap: 36,000,000USD LegalRegistration country: Hong KongOffice address: Unit 607, 6F., Tower 3, Phase 1, Enterprise Square, 9, Sheung Yuet Road, Kowloon Bay, Kowloon, Hong Kong | Token infoTicker: BFEXType: Utility-token Token standard: ERC-223 Token price in USD: 1 Token = 0.500000 USD Accepted currencies: ETH Bonus program: ICO - 10% 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 |
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).
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
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.