BNB Fintech Litepaper V2.0

Detailed report outlining future developments, timeline, team biographies, and tokenomics for the BNB Cash cryptocurrency token.

01 / Executive Summary

In April of 2021, BNB Cash (by BNB Fintech) is founded as a BNB replacement primarily for exchanges who do not have BNB’s presence. Running on the BEP20 platform, BNB Cash is fast, low in transaction fees, and most importantly, secure.

With our carefully planned budget, schedule, and benchmarks, we can ensure that the true utility of the token can be unlocked.
The team behind BNB Cash proposes a few real-world integrations to kickstart from 2021 following through to 2023. Our projects are not limited to possibilities as the market grows or as our holders’ demand. These projects will propel BNB Cash to be the one of the top utility tokens of the charts!

02 / About the Cofounders

BUSINESS MANAGER

Joey Tan

DEVELOPER

Lior Shpindler

WEB & DESIGN

Elle Hoesch

03 / Proposed Projects

P2P Crypto Marketplace

The first exciting idea that we have is pertaining to the creation of a marketplace very similar to current Craigslist that is famously used in North America or Mudah that has a ginormous footprint in South East Asia.
Instead of a fiat marketplace, it will be a cryptocurrency peer-to-peer marketplace.
Within the integrations, the idea is to enable selling, purchasing, and listing completely within transactions of BNB Cash. To entice the users to utilize BNB Cash within the marketplace application, there will be referral programs that will be introduced alongside with rebate systems that will be set up for successful purchases for early listers to our application.

Example Scenario 01 /

Aileen has an extra microwave at home. She would like to sell it since it is just sitting around. Later, she hopped onto Cash Central* and listed her microwave for sale detailing the specifications of the item as well as method of trade.

A few hours later, Peter pinged Aileen within the Cash Central* application to request for a meet up so that he could collect the microwave from Aileen as well as to finish off the transaction. Peter’s payment will be withheld in the Cash Central* and the money can only be transferred to the seller once there is confirmation from both ends to end the sale.

Debit Card

It is important to note that at this very moment, cryptocurrency is still not as widely accepted as fiat. As we revolutionize, this would be in history. Until cryptocurrency becomes a norm globally, many holders would still experience frustration or disappointment when their preferred cryptocurrency is not accepted. To bridge the gap between the availability of merchants who do not accept cryptocurrency, BNB Cash would like to engage with companies like Simplex* so that all payment processors such as Visa, Mastercard, American Express and many others are able to convert your BNB Cash into any currency the merchant desires!

Example Scenario 01 /

Stewie is in Netherlands for a visit. He did not bring any currencies with him except for his Simplex* debit card. Merchants accept only Euro (fiat currency). Stewie can use his BNB Cash by swiping his Simplex* debit card and the merchants would receive the amount in Euros. How does that work?

Stewie buys a cup of coffee. The cup of coffee is 5 Euros. He takes out his Simplex debit card that has BNB Cash preloaded. The merchant accepts only Visa and Mastercard. As Simplex* is partnered with Visa or Mastercard, the debit card can be used. In the background, 1 BNB Cash gets deducted off the debit card. The merchant gets pay 5 Euros.

*Simplex is our best example for now and it is not confirmed however, we would work towards having Simplex to partner with BNB Cash Fintech.

Mobile Wallet

Unlike the other wallets out there, BNB Cash Fintech would like to have our own wallet in order to consolidate all the above projects along with our special programs that are noted under “Statement of Problem” into one easy access e-wallet for the holders to track their points, spending behavior as well as seamless purchasing/trading experience on exchanges, Cash Central, POS and even their debit cards! As the integration will be way more different and difficult comparing to current available wallets out there, the earlier projects above must be completed to ensure our wallet is unique and will be in demand. Another point to note on the wallet development being the 4th planned development on the list is that there are other wallets available in the market for our holders that do not cost money for BNB Cash to integrate currently.

Example Scenario 01 /

Mohamed is a merchant who has purchased our POS application and an avid user of BNB Cash Debit Card to support his daily transactions. He found out that BNB Cash Wallet is available to be downloaded. Mohamed downloads it off his Google Play Store and opens the application.

In the application, Mohamed can track his turnover rate as well as other transaction information such as seller details, transaction time, transaction amount, etc., alongside his inventory, creating a simplified all-in-one cryptocurrency POS system.

Point-of-Sale System

To boost transaction flow of BNB Cash, we will target the merchants by offering all-in-one cryptocurrency payment solution within our point-of-sale (POS) system. Our idea of this new payment solution aims at creating an environment in which both blockchain and Digital Currency technology can and will be used daily by everyone. For a merchant, the most important thing is cash flow that would help the business to develop further. Using our POS system that allows cryptocurrency transactions to flow through real-time, any merchants of any size can receive payments immediately from the transactions! Other than pushing the usage of BNB Cash, selling of the POS system will also garner extra income for the company.

Example Scenario 01 /

Cindy runs a new local supermarket. To help her process her daily transactions, Cindy would need to seek out a POS system. Cindy can choose the traditional POS system where she would have a terminal from the bank processors, a separate POS machine that could either be a tablet, a standalone machine or integrated within their computers. With our POS application, it can help the merchants minimize all the machines into just… one!

Cindy chooses our POS application; it accepts both fiat as well as cryptocurrency! She does not need a few separate systems. This application can help consolidate transactions, facilitate payments as well as making her accounting much more efficient!

If more merchants start utilizing our POS application, cryptocurrencies would be widely accepted and so will BNB Cash.

04 / Statement of Problem

It is undeniable that in the market currently, there are other players who have different variations of marketplace, POS, debit card or even wallets. In that situation, what sets BNB Cash Fintech apart from its competitors? Our retention programs that are self-generated through the marketing wallet. Here are some of our main unique selling points that highly distinguish our project against the rest of the market.​

01 / Reward Program

This program is designed to incentivize holders to continue using/trading BNB Cash to ensure healthy volume can be transacted daily. We ensure that there is coverage for both the merchants and daily holders. Our current idea of reward program would look like this.

*All proposed rates and points above are for illustration purposes for this moment.

To suit the market’s demand, the reward program would focus highly on securing deals to obtain:

• Airlines miles from major airline alliances in the world; SkyTeam, Star Alliance, and Oneworld.
• Hotel loyalty program points; Hilton Honors, Marriott Bonvoy, World of Hyatt, IHG Rewards Club and many others.
• Gift cards or vouchers companies depending on our holders’ demographics up to the launch.

On top of the benefit for the holders or even merchants to receive incentives, we can utilize the opportunity to market BNB Cash as the first cryptocurrency to enter the rewards program and advertised with the airlines/hotels/companies that are participating to allow us to exchange for their rewards points.

There is no current plan to include tangible items as it involves a different set of operational needs such as planning logistics for items, keeping inventory of products, constant market research to find newest items that would suit the rewards catalogue, and others. It would introduce an assortment of bureaucracy as we would need to hire different people to keep the rewards program alive and that would increase the cost of operations which is not profitable to the company and would rely too heavily on management.

02 / Early Investor Airdrop

The purpose of airdrop is to stimulate early investors to continuously hold for an extended period to ensure there will not be immediate dumps that could interrupt the liquidity as well as long term launch of project.

We have allocated a total of 3,850,000 tokens which is 1.5% from total tokens to accommodate to this program. This is enough to accommodate all early investors.

Details regarding airdrop as below:

• a. How long to hold and what incentive will the holders get?
  Medium Term – 6 months. 0.50%
  Long Term – 6 months after first airdrop 1%. Repeat 4 times annually thereafter.

• b. Which wallet will it come out of?
  Public wallet. A total of 3,850,000 which is 1.5% of total tokens will be set aside for airdrop purposes.

• c. Who is eligible for the airdrop?
  All early investors prior to launch on PancakeSwap based on initial holdings. Trades can happen in between, however, by the end of period during our set cut-off, those investors should still hold the same amount.

• d. How will the airdrop be done?
  It will be dropped automatically to the holders after verification of transactions post cut-off period.

05 / Tokenomics

Breakdown %

Transaction Tax 4%

Holders

• 1%
  Liquidity
• 2%
  Team, Development, Marketing
• 1%

200,000,000
Total Supply

Internal Distribution
I. Team and Advisors (15% – 30,000,000 tokens) Locked for 6 months
This is split between the co-founders (Elle, Lior and Joey). That would amount to a grand total of 15%. These tokens are locked for 6 months to provide assurance to investors that the developers are staying on with the project with all their tokens within to prevent dumping. After the lock expires, team will receive salary and re-lock.

II. Inhouse Full Stack Development (10% – 20,000,000 tokens)
Allocated for technology development as well as hiring a full team for inhouse full stack development to ensure end-to-end management f rom within. The tokens can be utilized to form partnerships with future technological partners without touching other wallets / tokens. From the taxes, each purchase / sell will push 0.33 % of the tokens of that transaction back to the development wallet to provide immediate cash flow if we need to further implement the structure that requires continuous costs.

III. Marketing + Reward (8% – 16,000,000 tokens)
Allocated solely for marketing for BNB Cash initiatives expenses will be allowed to be withdrawn from here. From the taxes, each purchase / sell will push 0. 33 % of the tokens of that transaction back to the marketing wallet to allow any marketing initiatives, reward, and referral program to run continuously without collecting new funds to fund the project.

IV. Future Partnerships & Investors (7% – 14,000,000 tokens)
As BNB Fintech is in its new development phase and the future probability is huge, these tokens are allocated to ensure we can form new partnerships without rearranging the current distribution of tokens for other internal wallets. The other internal wallets acquire a small percentage of fees which would secure the positions of the co-founders as well as the advisors to have the highest percentage of tokens.

External Distribution
I. White listers (1.5% – 3,000,000 tokens)
This allocation is for existing supporters who previously participated in our whitelist and presale that we have cancelled. We want to make sure that we do not forget these people since they have supported, invested in, and advocated for our project development from the beginning.

II. Presale (14.5 % – 29 ,000,000 tokens)
This is the biggest allocation we have for presale to secure enough budget to ensure developments can begin the soonest once the launch happens.

III. Pancakeswap Launch (12% – 24,000,000 tokens)
These tokens are placed immediately into Pancakeswap during launch to allow purchases. As there are 19% allocated from the presale, should there be any selloffs, the tokens will be in circulation and tradeable within
Pancakeswap.

IV. Public + Airdrop (30% – 60,000,000 tokens)
Estimate of 2,000,000 tokens are set aside to allow airdrop program to function for the next 5 years.

The remaining 58,000,000 tokens (29%) will be circulated over time to allow liquidity into exchanges. Allowing all tokens to be released immediately does not allow stability of our prices in the early stages of introducing BNB Cash to the market. While decentralization is highly regarded, until stability can be introduced, we will still have to introduce the tokens by phases to ensure there will not be too many big players that can easily manipulate our prices.

06 / Condensed Roadmap

2021

• QUARTER 3
  Internal Work Process Phase
  Preparation for Whitelist / Presale
  Launching Whitelist / Presale
  Chart Listing
  Pre-PancakeSwap Launch Preparations
  PancakeSwap Launch and Token Distributions for Presale Participants
  Start P2P Marketplace App Development Phase

2021

• QUARTER 4
  Airdrop Arrangements Preparations
  Last Phase of Token Distributions
  Continue P2P Marketplace App Development (Cash Central)
  First Major Exchange Listing
  Begin Preparing for Audit Plans
  Continue Other Chart Listings

2022

• QUARTER 1
  Launch P2P Marketplace App (Cash Central)
  First Airdrop (Medium Term Airdrop)
  Start POS Application Development
  Start Debit Card Development
  Initiate Audit
  Continue Other Chart Listings
  Consider Other Major Exchange Listings

2022

• QUARTER 2
  Continue POS Application Development
  Launch Debit Card
  Continue Other Chart Listings
  Consider Other Major Exchange Listings

2022

• QUARTER 3
  Second Airdrop (First Long Term Airdrop)
  Continue POS Application Development
  Continue Other Chart Listings
  Consider Other Major Exchange Listings

2022

• QUARTER 4
  Launch POS Application
  Continue Other Chart Listings
  Consider Other Major Exchange Listings

07 / Schedule & Benchmarks
The previous section showed the consolidated roadmap to give a clearer vision. Below are breakdowns of dates and summary explanations of each phase. Important Note: The dates are tentatively set in and are subject to change depending on progress of the project.

Confirmation Phase

April 2021 – August 2021

This phase focuses on proposing the entire plan for BNB Cash. We have redrafted the tokenomics, budget as well as tidying up our roadmap to make it more understandable. Upon confirmation of plan, the next phase will begin.

Internal Work Process Phase

August 2021

In this phase, the main focus is for us to setup our offshore company in a tax-free nation, reworking on our token smart contract to allow more editing capabilities, finalizing on marketing agency selection, sourcing for our contractual technology team, source for crypto accountants/software and most importantly to source for legal advisors to work on our partnership contracts, company liability wordings, website disclaimers, etc.

Preparation for Whitelist / Presale

August 2021

In this phase, we will have our litepaper, website design, logo, tokenomics and roadmap updated on the website; send out communications to the public; test our token contracts to ensure there are no issues during presale, sharing out our roadmap plans with high emphasis on airdrops, prepare automated messages on social media sites.

Launching Whitelist / Presale

September 2021

The 2 main presale launches will take place during this period.

Chart Listing

August 2021

In this phase, we will apply to CoinGecko and CoinMarketCap to have our charts listed, allowing holders access to our price changes on a trustworthy and reputable chart site.

Pre Pancakeswap Launch Preparations

August 2021

We have meticulously planned for the Pancakeswap launch to take place a month after the presale has ended because this is the most crucial timeframe for us to ensure that our marketing campaigns can run smoothly prior to launch to gain attention from the public. During this same timeframe, the offshore company should be fully set up as well as the legal contracts and documents of our company.

Pancakeswap Launch and Token Distribution

August 2021

The exact launch date on Pancakeswap is still TBD.

P2P Marketplace Application Development Phase (Cash Central)

January 2022

During this period, we will focus on starting and launching the Cash Central platform as our pioneer project. We will work out the marketing plans to release the project, work on referral program details, pilot the application for 1 month to test out all kinks and errors to ensure a smooth launch, set up marketplace written mechanics, ensure legal disclaimers are drafted to be ready for pilot phase and launch phase, update our websites as well as constant communication to the holders to update on current progress.

Exchange Listing

February 2022

To allow trades to happen frequently and conveniently enough, BNB Cash is required to be listed on one of the bigger exchanges. We aim for one of these exchanges; Kraken, Bitrue, DigiFinex, Binance, Coinbase, Bitstamp, or Kucoin. The reason behind this is to allow the debit card development to launch without relisting on another exchange. We have contacted Simplex and understood that for BNB Cash to be accepted as one of cryptocurrency options, we need to be on one or two of those exchanges listed for the linkage to work.

Audit Plans

January 2022

We intend to place our audit plans here. We will hire an external auditor to quickly vet through all our parameters to ensure there is no failure that will come from CERTIK as a CERTIK audit report can cost up to 15,000 USD.

Airdrop Arrangements

March 2022

Before the first airdrop, we are required to find a solution to automatically validate the transactions of the holders to ensure they are still holding at least the same amount of what they have initially purchased during presale, and automatically send the airdrop to those who are eligible.

Point-of-Sale (POS) Application Development

February 2022

This phase is estimated to take around 10 months to be implemented. Apart from development and testing of the application, we would also need to work on constant marketing, the referral program, reward program details, legal disclaimers for the application as well as hiring some part-time salesperson to help approach merchants to sell this application physically to businesses within this timeframe. The estimated timeframe of release is around December 2022. We would like to re-evaluate the duration and go live date once the marketplace application is fully live.

Debit Card Development

February 2022

Debit card development will run concurrently with the point-of-sale application development. As the debit card integration will revolve lesser technological development work, the project can run separately. In this phase, we would need to work closely with Simplex and VISA to approve cobrand partnership and roll-out. Just like other developments, we will focus on a new marketing plan specifically targeting this segment. One of our targets would be reaching out to merchants to promote BNB Cash in their shop. 5,000 debit cards will be distributed during the beginning of launch in April 2022.

Wallet Development

January 2023

The wallet development phase will include all technical integration; Cash Central, POS application, and debit card to be linked into the wallet. We aim for this project to happen in 2023 and not immediately as there are other competitive wallets out there that currently do not incur costs for BNB Cash to integrate.

Long Term Hiring Plans

No set timeframe.

• As the project grows, we will require more headcount to help manage different areas such as:
• Inhouse technical development team that would take care of all frontend and backend work.
• Inhouse graphic and design team especially UI/UX designers for all our application design interfaces.
• A fixed legal advisor/company for us to refer to for all our legal writings.
• A crypto accountant/person that we can use annually for our crypto bookkeeping.
• Inhouse marketing person to take care of ads, general write-ups, general marketing work.

Information

• http://facebook.com/bnbcash
• http://twitter.com/bnbcashofficial
• http://t.me/bnbcashofficial
• http://instagram.com/bnbcashofficial
• https://www.youtube.com/channel/UC12B9WP9gZ1pVbKGxyTWmYA
• https://bnbcash.medium.com/

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josep1928
https://bitcointalk.org/index.php?action=profile;u=2795477;sa=summary
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