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Mission of Forty Seven Bank
The mission of Forty Seven Bank is to create innovative, flexible and open Application Platform for financial technology developers, who will be able to operate under the roof of Forty Seven Bank, having access to banks infrastructure and customer base. We will give opportunity to developers with small or medium capital to create white label applications which will be able to compete with traditional banks. Our Bank as a Service (BaaS) solution will disrupt financial sector of the European Union by reducing barriers to entry the fintech market.
ICO details
What is a Forty Seven Token: Forty Seven Bank Token (FSBT) is a cornerstone of Forty Seven Bank infrastructure. FSBT tokens will be demanded by partners-developers in order to be able to upload their fintech applications into Forty Seven Bank App Platform. FSBT will also be demanded by businesses in order to improve the effectiveness of financial and operational activities via smart contracts. For private customers FSBT tokens will give several benefits in using Forty Seven Bank products and services, as well as token holders will be top priority customers of the bank according to loyalty program and will get loyalty rewards on yearly basis based on performance of the bank. After the crowd-funding campaign is finished, FSBT tokens will be available for trade at various cryptocurrency exchanges.
Abbreviation: FSBT.
Control over emission: is provided by the system of interconnected smart contracts.
Actual rate: 1 FSBT = 0.0047 ETH (including current bonus).
Maximum amount of tokens to be generated: 5 555 555 FSBT (incl. bonus tokens, tokens for bounty and founders).
Softcap: 3 600 ETH.
Hardcap: 18 077 ETH.
Accepted currencies on ICO: ETH, BTC.
ICO: now — 30.04.2018.
Token distribution
90%Goes to contributors
5%For founders
5%Bounties
Roadmap
Q4 2016
Development of Forty Seven Bank concept, project plan elaboration
Q2-Q4 2017
Preparation and start of crowdfunding via Token Generation Event
Q1 2018
Successful completion of Token Generation Event, FSBT launch on exchanges
Q2 2018
Software infrastructure deployment
Q3 2018
Applying for EMI, PI authorisation at FCA, integration with SWIFT system
Q4 2018
Obtaining EMI, PI licenses, authorisation for activity from FCA. Launch of services for FSBT tokens holders
Q1 2019
Submission of documents to obtain banking license
Q4 2019
Obtaining banking license. Start of providing full-scale banking services
team
Advisory board
Our partners
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