Knabu (KBU) ICO
OngoingMar 01, 2019 – Dec 31, 2019
We are a DLT company based in London and have started our bank authorisation process to solve the problem of denial of bank accounts to blockchain businesses. We are currently building a Utility Bank from scratch & engineering it to leverage DLT, alternative to SWIFT.
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|Project industry||Finance Services & Banking|
What is Knabu
We are the only blockchain team that has started the license process to be a clearing bank here in the UK. We are very unique looking to provide fiat clearing and re-engineer the outdated bank model towards universal settlement. This is a non-trivial problem no one else is tackling. We also have a token platform is designed to enable credible token projects to launch with easy to use tools while incentivising good behaviour. It is designed to use DLT to support the cryptoeconomy.
WHAT IS KNABU?
We are a Distributed Ledger Technology (DLT) company based in London. Our token platform is designed to enable credible token projects to launch with easy to use tools while incentivising good behaviour. We have also started our bank authorisation process to be a utility bank. It is designed to use DLT to support the cryptoeconomy.
Our #1 goal is to enable more efficient trade and transactions.
This paper describes how we plan to tackle some of today’s value transfer inefficiencies and incentivize good actors who drive credible token projects.
Unfortunately, two (2) non-trivial problems persist. Both hamper the public good.
We want to help drive transparency, competition and innovation in the financial services and crypto-economy sectors. We want to improve the landscape and create great outcomes for all of us.
KEY MARKET DRIVERS & OPPORTUNITIES
Today’s cryptomarket is estimated to be $0.5T. By 2025, the cryptomarket is estimated to be $10T, representing 10% of World GDP.3 Yet, the bridge between fiat currency and cryptocurrencies remains inconvenient and this value is not easily accessible. The global payments revenue market size is approximately USD 2 trillion and steadily rising. In most cases, global payments are the payments revenues that include direct and indirect revenues generated by non-cash payment services, collected by financial services companies around the globe. Our target market is the blockchain business sector. We plan to target UK based businesses: Blockchain businesses, regulated companies (e.g. APIs, SPIs EMIs AISPs, PISPs) especially those with innovative models. For example, FCA Regulatory sandbox companies and the like that cannot get bank accounts because they are hybrid models.
DetailsPre-sales: Nov 13, 2018 - Feb 28, 2019
Public sales: Mar 01, 2019 - Dec 31, 2019
Pre-sale token supply: 30,000,000 KBU
Token supply: 1,00,000,000 KBU
Total tokens for sale: 750,000,000 KBU
Soft cap: 2,000,000 GBP
LegalBlockchain Platform: Ethereum
Country limitations: United States
Registration country: United Kingdom
Registration year: 2017
Office address: Studio 114, Westbourne Studios 242 Acklam Road, London W105JJ United Kingdom
Token infoTicker: KBU
Accepted currencies: ETH
For the pre-sale we are offering a 30% start bonuse
75% - Token Distribution
15% - Founders & Advisors
10% - Marketing & Bounties
35% - Product Development
25% - Technological Infrastructure
20% - Legal, Regulatory Compliance
10% - Business Development and Marketing
10% - Miscellaneous and Other Operational Expenses
FCA Engagement on denial of bank accounts to blockchain companies
Regulatory Pre Token Distribution and Licensing Engagement: feedback on token distribution and licensing plans/FCA Payments license application/Development Infrastructure and Delivery Pipeline Built
UK Bank authorisation process started with initial regulatory feedback/ Pre sale starts/ Individual KYC Integration completed
TDD Launch/ Project Release Kit/ MVP Demo/ Bank Licence with restriction
Full Bank Licence/ B2B Clearing & Settlement
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