TO RAISE FUNDS TO BUILD A PLATFORM THAT ALLOWS DECENTRALIZED OPERATION OF CORE BANKING FEATURES.
It is necessary to know that BitBose with its platform is present to create a complete decentralized banking solution. Its existence will not only disrupt the normal banking structure, but will also offer investment opportunities based on blockchain technology around ethereum. Important BitBose Features.
The components of BitBose includes the following;
• The exchange
• The bank
• The smart portfolio
The traditional banking system is made up of different sectors who have competing interests and here are some of the divisions and the available problems.
Banks on Blockchain is a revolutionary project that will leapfrog the acceptance of Blockchain from the fringes to the fore. A decentralized bank would exist solely on the blockchain, have the entire miner community of the blockchain as the workforce, and be freed from the overarching gaze of governments that tend to interfere with the smooth functioning of the banking operations.
The BOSE ERC20 token is the central currency that drives all transactions on the BitBose platform. A user must buy BOSE tokens to access the features and capabilities of the BitBose platform. Thus, the BOSE token is a utility token.
The BitBose umbrella will be registered as a bank under the jurisdiction of British Law and will abide by all the laws and regulations of the British common and corporate law. BitBose will also be completely compliant with the GDPR laws and will allow the users to download all personal information collected and request its deletion. Complete adherence to KYC/AML regulations will also be a key feature of the BitBose platform to prevent ill-gotten money from becoming a part of the BitBose cryptocurrency ecosystem.
- BITBOSE EXCHANGE
The BitBose exchange allows holders of BOSE tokens to access the market prices of several exchanges from a single platform, within the same interface. Buyerscan access the price at which sellers of the desired cryptocurrencies are willing to sell on various exchanges. This will help the buyer choose the best price.
- BITBOSE SMART PORTFOLIO
BitBose Smart Portfolio is a subsidiary feature of the BitBose platform that allows contributors to allocate a percentage of their funds denominated in BOSE tokens to be traded by an AI bot developed by the BitBose team. The funds
allocated for the Smart Portfolio will be kept in the wallet of the contributor itself but will be unavailable for transferring to other activities or for withdrawal unless the contributor changes the allocation to Smart Portfolio to nil.
3.BITBOSE BANK
When a contributor buys BOSE tokens, he/she automatically become members of the BitBose bank. A key feature of banks is the ability to disburse loans to eligible candidates. In a regular bank, a human loan officer performs the assessment of the person who wants a loan and sanctions an amount as per the assessment. This method is arbitrary and prone to errors. To ensure the availability of liquidity within the banking channel, CRR at 20% will be kept in
liquid assets in the bank at all times.
BOSE tokens can be bought/sold on the BitBose Exchange against a host of several other listed cryptocurrencies and FIAT. The BitBose Exchange features a trading platform that connect on the backend to various exchanges all over the
world through a custom built API that queries the exchange APIs for trading data in real-time. Thus, the best bids from all the connected exchanges are solicited and consolidated into a common list of the best Bids and Asks sourced from the exchanges.
Name Token - BOSE
Website - /www.bitbose.com/ Token
type - Token
Sale - 300 000 000
Accepted currencies - BTC, ETH, FIAT
ERC20 Token - YES
Soft cover - $ 5 million
Hard cover - $ 45 million
SOURCES
Website: https://www.bitbose.com/
Whitepaper: https://s3.amazonaws.com/bitbose-documents/Update+bitbose+whitepaper-1.pdf
Facebook: https://www.facebook.com/Bosetoken/
Twitter: https://twitter.com/Bitbosecoin
Instagram: https://www.instagram.com/bitbose/
Linkedin: https://www.linkedin.com/company/bitbose/
Medium: https://medium.com/@Bitbosecoin
Telegram: https://t.me/bitbose
Reddit: https://www.reddit.com/user/Bitbose/
Slack: https://bitbosecoin.slack.com/
Youtube: https://www.youtube.com/channel/UC2wxMnQ6sg5cwSzKUeEGofw?view_as=subscriber
Ann: https://bitcointalk.org/index.php?topic=3952051.0
Bitcointalk username:norachuks
Bitcointalk profile:https://bitcointalk.org/index.php?action=profile;u=1207166
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