The BANKEX Proof-of-Asset Protocol allows people and organizations to earn money

happyweblancer (49)in #crypto • 6 years ago

Oftentimes, recession-proof stocks are added to many investment portfolios during times of economic decline, which may be the onset of a recession. Securities that are believed to be recession proof often have negative beta values, which would indicate an inverse relationship to the greater market.

BANKEX offers a solution — the Proof-of-Asset Protocol, the point of which is an instant audit of the asset. Now every investor is aware of the status of his investments in non-public companies and assets.

Equipped with this tool, the market will force certain businesses to change (lawyers, accounting, auditors, and in separate cases banks and collectors).

Proof of the Assets (POA) is a term used to describe an asset, company, industry or other entity that is believed to be economically resistant to the outcomes of a recession.

Due to uncertainty in model parameters or in periods of extreme market turmoil, ambiguity concerning the correct underlying probability measure may appear and an assessment of model risk, as well as the uncertainty on the choice of the model itself, becomes important, as for a market maker or a trader attempting to liquidate large positions, the uncertainty may result in unexpected consequences due to severe mispricing.

BANKEX focuses on the market making and the optimal liquidation problems using limit orders, accounting for model risk or uncertainty. Both are formulated as stochastic optimal control problems, with the controls being the spreads, relative to a reference price, at which orders are placed. The models consider uncertainty in both the drift and volatility of the underlying reference price, for the study of the effect of the uncertainty on the behavior of the market maker, accounting also for inventory restriction, as well as on the optimal liquidation using limit orders.

The BANKEX Token Sale will be live for one calendar month and will close on December 28th or when the hard cap of 140 000 ETH is reached. BTC, ETH Waves, TIME, Litecoin and SALT are all accepted as forms of payment in exchange for BANKEX Tokens (BKX). The price starts at 625 and will gradually decrease to 500 BKX per 1 ETH.

The BANKEX Proof-of-Asset Protocol allows people and organizations to fulfill an important, vital need — the need to earn money. By becoming part of the Asset Community you will have the option of earning, and thus realizing yourself in fields of your choosing.