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Knabu (KBU) ICO

Ongoing ICO
Mar 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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Knabu (KBU) ICO ratings

ICOrating.com Knabu (KBU) ICO icorating
Hype score Very Low
Risk score NA
Investment rating NA
ICObench.com Knabu (KBU) ICO icobench 2.9 / 5
ICOmarks.com Knabu (KBU) ICO icomarks 7.4 / 10
TrackICO.io NA
ICOholder.com Knabu (KBU) ICO icoholder NA
Our rating
6.6
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Overview

Project industry Finance Services & Banking
Product type Service
Founded United Kingdom

Features

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 We are very unique looking to provide fiat clearing and re-engineer the outdated bank model towards universal settlement.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.

  • First, the DLT sector is underserved. Many DLT businesses unfairly struggle to access basic banking, whether or not they are custodians of bitcoin or digital assets. This is so pronounced that regulators themselves have emphasized this as a problem.2 Unwarranted bank account denials/closures hamper growth of the crypto-economy and businesses who can use blockchain solutions. Ultimately it hampers innovation and the public good
  • Second, the new market of tokenisation (which is driving forward cutting-edge models) has been tainted by scams, lack of performance and credibility. Again, the benefits of innovation are being diminished by bad actors.
  • 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.

    ICO Details

    Pre-ICO token supply: 30,000,000 KBU
    ICO token supply: 1,00,000,000 KBU
    Total tokens for sale: 750,000,000 KBU
    Soft cap: 2,000,000 GBP

    Legal

    ICO 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 info

    Ticker: KBU
    Type: Utility-token
    Accepted currencies: ETH
    Bonus program:
    For the pre-sale we are offering a 30% start bonuse
    Funds allocation:
    35% - Product Development
    25% - Technological Infrastructure
    20% - Legal, Regulatory Compliance
    10% - Business Development and Marketing
    10% - Miscellaneous and Other Operational Expenses

    Knabu (KBU) ICO Roadmap

    1
    2016

    FCA Engagement on denial of bank accounts to blockchain companies

    2
    2017

    Regulatory Pre Token Distribution and Licensing Engagement: feedback on token distribution and licensing plans/FCA Payments license application/Development Infrastructure and Delivery Pipeline Built

    3
    2018

    UK Bank authorisation process started with initial regulatory feedback/ Pre sale starts/ Individual KYC Integration completed

    4
    2019

    TDD Launch/ Project Release Kit/ MVP Demo/ Bank Licence with restriction

    5
    2020

    Full Bank Licence/ B2B Clearing & Settlement

    Project team

    CEO in Knabu (KBU) ICO - 1
    GABRIELLE PATRICK
    CEO
    linkedin
    CTO in Knabu (KBU) ICO - 2
    BARRY MACMAHON
    CTO
    linkedin
    CFO in Knabu (KBU) ICO - 3
    JANET AKALA
    CFO
    linkedin
    Head of Sales and PR in Knabu (KBU) ICO - 4
    DIANA MIHAYLOVA
    Head of Sales and PR
    linkedin
    Head of Digital Marketing in Knabu (KBU) ICO - 5
    TOM NABIELEC
    Head of Digital Marketing
    linkedin
    Full-Stack Developer in Knabu (KBU) ICO - 6
    DMITRIY TKALICH
    Full-Stack Developer
    Full-Stack Developer in Knabu (KBU) ICO - 7
    MYKHAILO HORBUNOV
    Full-Stack Developer
    linkedin

    Advisors

    Advisor in Knabu (KBU) ICO - 8
    IAN GRIGG
    Advisor
    linkedin
    Advisor in Knabu (KBU) ICO - 9
    ROD ASHLEY
    Advisor
    linkedin

    Social media

    Web-site Reddit YouTube Telegram btctalk LinkedIn Twitter Facebook

    User rating:

    5/5 ( 1 )

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