BANKEX Proof-of-Asset protocol (PoA) is a standard that enables a new generation of assets and contracts creating Decentralized capital markets.
Technologies
BANKEX gathered a strong team of scientists, developers, product managers who have won hackathons and developed innovative products on blockchain Here are some of the products developed by BANKEX tech team
- Plasma Protocol Implementation
- IoT blockchain Integration Adapter
- Solidity Floating Point Library
- Crypto Hedge Trading
- BestRate Chatbot
- Multicurrency TokenSale Engine
- Microsoft Azure Smart Asset Adapter
- BKX Utility Token
- Proof-of-Asset Tokenization
- Classic Exchange Auctions of Deposits
- Mortgage Bond Contract PoC
- Architecture of Tokenization
- BANKEX Cryptex — Professional Cryptoсurrency Trading and Execution
Bankex is a crypto financial platform that specializes in the sales of tokens and financial assets. This bank exchange platform allows not only buyers, but various banks to exchange their products. In May 2017, the company was recognized as one of the top 50 fintech companies that encourage people to generate assets and contracts while in June 2017, the first proper fintech hackathon was organized and prebankex wave tokens were given to individuals who emerged as winners. Its main product, the Proof of Asset Protocol enables the individuals to solve the issue of asset liquidity. This protocol is the combination of BaaS( Bank- as- a- Service) and blockchain technologies and is categorized into four main stages of operation. They include digitization, tokenization, asset trading and dealing. One unique feature of the Bankex Proof of Asset Protocol is its ability to tokenize assets. Assets to be tokenized include the classes of assets with a summary capitalization of above one hundred million USD. There are many benefits derived from tokenizing assets. Asset tokenization will allow a great number of investors to contribute significantly to the construction of a building and receive investment returns. The token can also be used to own great assets and also make funds to be available on the Bankex stock market through real estate. Buyers can also get free access to Crypto Fiat derivatives.
Blockchain Solution
Startups bent on finding that solution have put a lot of faith in blockchain-powered platforms to valuation problems inherent in certain financial assets. One of the key aspects underpinning this faith is the decentralization core to blockchain technology. By dispersing the power and control of a network to totality of the network’s participants, blockchain ensures that one party can't fudge the numbers to suit his or her needs. This dispersion of authority could allow for independent valuation of financial assets based upon consensus, turning the current equity market ecosystem of brokers, analysts and managers on its head. One such blockchain startup seeking to invert the financial worls is BANKEX, whose blockchain platform aims to allow a wide variety of assets to be tokenized — real estate, hedge funds, even works of art. By turning these entities into tokenized products, BANKEX can create a decentralized global market whereby these more illiquid assets are bought and sold at will. The platform also implements Internet of Things (IoT) and Artificial Intelligence (AI) technology to provide real-time updates on asset condition and valuation. Through BANKEX, both institutional and individual investors can access legitimate valuations on assets that in the past have caused financial turmoil. The FinTech startup, with its Proof of Asset (PoA) protocol governing transactions on the blockchain, has already achieved its targeted soft cap of $25 million on the first day of its token sale.
Token Sale Information
The purpose of the Registration is to give BANKEX supporters and followers a secure access to the public sale and to ensure everyone gets a fair chance to participate.
The BANKEX Token Sale will be capped at 400,000,000 BKX. BANKEX previously collected $20,000,000 USD in presale. The Token Sale will sell BKX tokens at a rate of 1 ETH = 500 BKX, with 80,000,000 BKX available in the public crowdsale, and 140,000,000 BKX held for institutional investors. The minimum purchase is 0.1 ETH. BKX Tokens are compliant with US regulations.
Funding Structure
Token Allocation
Planned use of proceeds
BANKEX Foundation Projects
BANKEX Foundation is developing 3 key directions: the organization’s technological core, R&D and blockchain technology education program.
1. Smart Asset Core
The primary task that all others orbit is the creation of the technology upon which the Bankex Liquidity Protocol will be built. (Smart Asset Core).This will be an open source project that forms the very core, the development of which is the focus of all our leading programmers.Eventually BANKEX Lab is going to begin integration of our services in commercial organizations, working directly with our partners: banks and large financial organizations.
2. R&D
Another one of our tasks is R&D:We are working with cutting edge technologies, and our projects sometimes require the invention of new algorithms. For instance, during the Hackathon in Canada our team lead by Alexander Vlasov realized the first working prototype for Plasma, which deserved mention by the originator of the idea, Vitalik Buterin.Earlier, last Summer, he acknowledged and awarded our team, which earned the prize of the largest Russian blockchain hackathon in Kazan for our fintech solution for mortgage loans.The transparency of this project helps establish trust from people to the activities of BANKEX and gives us the chance to draw experienced programmers from all over the world in order to create a powerful unified protocol for creation of crypto-assets.The Foundation’s foremost task shall be the creation of a product of outstanding quality. One that can be sold by the Labs in order to earn money.
3. Blockchain technology education program
Tasks:● Writing educational articles to introduce people to blockchain technology and programming with Solidity● Creating educational courses supported by BANKEXArticles and the Blockchain technology educational program.Based on reports, the demand for blockchain specialists has increased more than tenfold over the past year.There are not enough specialists in the market.This industry is reminiscent of the mobile development industry from 5–7 years ago.
Social impact
An important part of the Foundation’s work is related to social impact — creating the kind of technology that anyone could use. Both banks capable of affording technical support, and those enthusiasts who can simply take our code for use in their projects.
Bankex core team members include
· Igor Khmel, the founder of the fintech lab at Sberbank.
· Denis Khoruzhiy, a technical director and an expert in machine learning and natural language processing
· Nauris Dauksta, the founder, and CEO at Token.Coach
· Matt Armstrong, Proof of Asset ambassador, the co-founder of multiple blockchain startups in London.
· Dmitry Finkelstein, an investment analyst, and director of BASIS CAPITAL. The Tech Team members include · Sergey Korolev, the pioneer of commercial software development in Eastern Europe
· Ivan Tretyakov, the Fin-tech expert, project manager and investment advisor at FINAM and Alfa. Bankex Foundation will greatly encourage many people to become financially independent. Tokens are expected to be sold during a conference to be held soon. Over one million tokens will be made available to the individuals who make early purchases and sure rewards are guaranteed.
BTT : https://bitcointalk.org/index.php?action=profile;u=1103736
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