ICO Bankex — Proof-of-Asset Protocol — review

ICO Bankex (Bank Exchange By Ex Bankers) — https://bankex.com/en/

These days we can witness a large number of blockchain based projects trying to bring banking system in 21. century. But, when you start researching them usually some unlogical things start appearing, some unsolved problems are there without real solutions for solving them and their team members are looking like average guys without some extra experience in banking or blockchain.

And then a few days ago I found out Bankex project. I started checking the information about it and the more I was discovering the more I was amazed by it. And after completing their 36 pages long white paper https://bankex.com/en/whitepaper (Maybe the hardest thing I did in my life ;)), checking all main team members profiles and history, plus googling details about their roadmap and trying to find any unlogical thing in it. And at the end of my research, I must say — THESE GUYS CAN DO IT!
Website — RATING 8/10 — Professional, Full of information, Clean & Modern.
Team — RATING 9/10–50+ Professionals lead by 2 superstars + Microsoft as a partner.
Product — RATING 8/10 — Already developed and launched several products for profitable financial business.
ICO math — RATING? Still unknown.

What is BANKEX Proof-of-Asset Protocol
This is a protocol that solves the problem of liquidity of non-interchangeable assets. Each token issued within the protocol is provided with a corresponding asset in the ratio 1: 1. The Proof-of-Asset protocol is inherently a combination of BaaS (Bank-as-a-Service) and blocking technology
BKX TOKENS ALLOW:
Get access to the BANKEX ecosystem
Tokenization of real assets
Create new chains of smart contracts for new types of tokensized assets
Buy smart-Assets on the Exchange BankEx
Get access to crypto-phiatic derivatives
And much more…
BankEx is developing a platform, legal schemes and technical solutions for asset tokensisation, in order to earn money together with its investors to increase liquidity in various sectors of the economy. Therefore, the BankEx token should be considered as an investment, rather than a speculative instrument.
The project implemented tokens based on Waves and Ethereum platforms. According to the results of the presale, 6 million PBKX tokens were sold, which at the rate of 1.08.2017 is about 1.5 million US dollars. 90% of the tokens were placed through private placement with an entry threshold for buyers of 10 bitcoins. In the future process of ICO BankEx, the current PBKX tokens held by the buyers will be automatically converted into public BKX tokens at a rate of 1: 1.
The main buyers of PBKX tokens were professional participants of financial markets and the crypto industry. Among the customers of BankEx are Asian and European crypto moguls (Japan and Holland), as well as a number of Russian crypto-funds.
A total of about 70 buyers took part in the pre-ICO, the geography of trades covers 12 countries: Canada, Japan, Australia, France, Austria, Switzerland, Netherlands, Norway, Croatia, Romania, Russia, Latvia.
According to Igor Khmele, the founder of BankEx, the release of tokens within ICO BankEx is scheduled for autumn 2017. During this time, 100–150 million BankEx tokens will be sold for a sum of $ 20 to $ 50 million, mainly to institutional buyers.
Arrangements have already been made for the participation in the future placement of the ICO with accredited investors from the United States (New York, Palo Alto), including the family offices of major New York financiers. In the US, the BankEx token will have the status of a security and will only be distributed to professional participants.
BankEx is developing a liquidity protocol for financial, real and crypto assets. The whole infrastructure is implemented on the technology of blocking. To operate the system, internal tokens will be issued, the so-called. smart assets, through which authorized participants can digitize and attract investments for their assets, using the opportunities of the global market.
BankEx was founded as an independent financial laboratory in January 2016 by Igor Khmel, a former head of the Sberbank Fintech Laboratory, a graduate of MIPT, NES and the Stanford Business School. Among the products of BankEx, the brokerage services of remote identification KYC FinDostavka (in partnership with Dostavista and 10 client banks) and the Exchange of bank deposits for small business (in partnership with the Moscow stock exchange)

BankEx proposes to take advantage of the technology of blocking to maximally involve real assets in financing schemes. BankEx is developing a platform, legal schemes and technical solutions for the tokenization of assets that were previously considered illiquid and could not be used as collateral and as a basis for financial instruments. Usually, the attraction of financing for such assets costs about $ 1 million. Using the BankEx liquidity protocol, it is much cheaper to attract financing.
Bankex is a fintech foundation, which develops technologies for digitizing assets with the help of smart contracts and blocking. The project has in its arsenal a lot of interesting products for banks and investment companies. To stimulate the development of their projects, the team decided to enter the ICO in August 2017.
The main direction of Bankex is the development of a site where tokenization of real assets and their subsequent purchase and sale will occur. There are many cases with which you can better understand the business model — here is one of them:
Lithium — white oil
Let’s start with the analysts. According to Goldman Sachs forecast, the demand for lithium will grow by 3 times by 2025 due to steady demand from manufacturers of electric vehicles and smartphones.
Lithium has already been dubbed white oil, as Tesla and other automakers use it to produce batteries. Ilon Mask said that Tesla Motors will have to buy up all of the lithium in the world to produce the claimed 500,000 cars a year. The need for lithium mining in the world has never been so acute.
How does digitization work?

There is a company Lithium / product_owner /, which is engaged in the digitization of reserves in the lithium deposits (product). The technological process is structured as follows: first scan the deposit from the satellite, determine where there is lithium and the first evaluation of the deposits, then on site investigate the presence of lithium using IoT tools.
There is a mine owner in Chile / originator_order /, who wants to attract investments for mining of lithium in his mine.
/ product_owner / comes to the mine and uses special equipment to determine the amount of lithium in it, the quality of lithium and how easy it is to get it.
Further, all the data obtained after the mine scan is included in the Smart-contract and according to the given formula for estimating the cost of lithium deposits / F1 / estimate the cost of lithium deposits in a particular mine. Then the procedure of asset check / Escrow / is performed and the product Token LithiumToken is formed and fixed in the block / ethereum /. After that, LithiumToken packs in the bid for the exchange / order_bid /. Further, the sensor is placed on the shaft, controlling the presence of lithium in it.
On the exchange is issued a bid, which is a financial instrument.
The buyer is sure that lithium is in such a condition / order_bid / with a fair estimate / smartcontract_1 /, since if a part of the lithium disappears, then smartcontract_1 will be canceled by availability. Next, the buyer — the car manufacturer from China makes a purchase and becomes the owner of the tokens for lithium, lying in the mine in Chile, and the owner of the mine in Chile / originator_order / receives the necessary investment.

Bankex way of making business on blockchain will make things faster and much cheaper. They will take down legal barriers and allow a big number of small businesses to start using capital market options through tokenization and become new bank clients. This way of doing business is going to open new markets for tokenization of commodities (gold, lithium, carbon, SME loans and so on) worth more than 10 Billion Dollars.
It is just impressive to see how active these guys are in promoting their idea and company inside crypto and fintech world. On their web page, you can see announcements for 20+ big world meetings and conferences they are attending in next year. One more small thing proving that this is really big-time professional project is that citizens of U.S. are allowed to participate in this ICO.
I know that I will write more about Bankex and this amazing project when we get more information about ICO. For now, all we have is this presale whitelist with a minimum contribution of 500 Etherium. I told you these guys play big league, but this will go down and smaller investors will have the possibility to join in next phases. https://blog.bankex.org/looking-for-the-big-token-sale-join-bankex-presale-whitelist-6d5734938ee6

SITE http://bankex.com/
WHITEPAPPER http://bit.ly/bankex-the-smart-whitepaper
BITCOINTALK https://bitcointalk.org/index.php?topic=2237161.0
FACEBOOK https://www.facebook.com/BankExchange/
TWITTER https://t.me/bankex
MY BITCOINTALK
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https://bitcointalk.org/index.php?action=profile;u=1043526
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