BITBOSE; THE DECENTRALIZED BANKING SYSTEM ON THE BLOCKCHAIN

It is really visible that any operation based on the blockchain usually more transparent, more democratic, and more profitable to the general public than any other existing structure.

ANALYSING THE TRADITIONAL BANKING SYSTEM.

The banking sector over time has become a huge entity which has been able to divide itself into small arms based on their functions as this will be able to enhance easy management. The divided arms include;
The management of the asset.
Banking operations.
The corporate banking system.
The Depository.
The treasury system.
The traditional banking system can as well be referred to as centralized servers and services and this has made the bank a lucrative target for hackers.
However, the available banking system today has started to rely heavily on electronic transfer of payments and this helps to speed up transactions.

THE WEAK AREAS OF THE BANKING SECTOR.

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.
• The bankers: these set of individuals run the banks and they are also in the position to employ individuals who will run the daily logistics and needs of the bank.
Existing problems are distrustful depositors
Lawmakers who make policy diktats.
The available threat to security breaches.

• Regulated Authorities: These are the ones who ensure that bank activities do not run counter to the public’s general welfare.
The existing problem with this system includes;
The slowness in Bureaucratic.
The books that have been cooked.

• The blockchain bank: the issue with multiple currencies and the act of having to convert currencies from one form to another can be displaced by the introduction of a global currency which cannot be found under the influence of any strong underlying currency.
The currency should be one that will be completely secure and it will be incapable of being replicated by either forgery or counterfeiting.

The currency will be able to derive value, not in the way that FIAT does, but like gold, it will have intrinsic value.

WHAT IS BITBOSE ALL ABOUT?

The components of BitBose includes the following;
• The exchange
• The bank and
• The smart portfolio.

This token known as the BOSE ERC20 token is the currency that will have the ability to drive all the transactions on the BitBose platform. In order to access the features and capabilities of the BitBose platform, an individual must have the BOSE token.
BitBose will operate completely under the compliant with the GDPR laws and it will allow users to be able to download every personal information and as well request its deletion.

The ill-gotten money will not be a part of the BitBose cryptocurrency system because it will have a complete adherence to KYC/AML regulations which will become an important feature in the BitBose platform.

The umbrella of BitBose will be registered as a bank under the jurisdiction of the British law and it will fully obey and abide by the laws and regulations of the British common and corporate law.

The token can be acquired in any of these ways:
• Contribution to the pre-sale (this will be at a higher discount)
• Contribution at the BitBose ICO (this will be at a lesser discount)
• Purchase on the crypto-exchanges (this will be at the market price)
The purchase of the BOSE token makes an individual a member of the BitBose bank. One basic feature of this bank lies in its ability to be able to disburse loans to candidates who are eligible.
Funds will be raised for the loan just like the existing fractional banking system.

THE BITBOSE EXCHANGE.

This exchange will allow users who are holders of the BOSE token to be able to access the market prices of several exchanges from one platform, using a single interface.
Buyers will be able to select best prices because they will have access to see the prices at which each of the sellers of particular cryptocurrencies will be ready to sell on different exchanges.

Every smart portfolio that is actionable by a user will get a nominal fee but the process of the transfer of funds from a trading account back to the main account will be free.

THE ALLOCATION OF A LITTLE PERCENTAGE OF PARKED FUNDS TO SMART PORTFOLIO.

• Profits can be earned without the activity of any active trading on the fast swinging cryptocurrency market.
• The accessibility of exposure to multiple cryptocurrencies at once, this will be achievable by allocating funds to the smart portfolio.
• Data will be provided for the enhancement of learning BBT will be of potential profit in the future.
• The fast entry and exit from positions limit the level of risks and losses taken by contributors on individual trades.
• The benefits obtained from the enhanced utility of the BOSE token will be used to purchase BOSE which will be used to drive up utility again.

THE DISTRIBUTION OF TOKEN.

The public sale will have 210,000,000 BOSE (70%).
The founders will have 48,000,000 BOSE (16%).
Bounty will have 6,000,000 BOSE (2%).
The advisors and marketers will have 36,000,000 BOSE (12%).

INTENDED USE OF THE PROCEEDS.

• The development platform will have 30%.
• General and administrative platform will have 10%.
• Business development will have 20%.
• Marketing will have 20%.
• Legal will have 15%.
• User loyalty incentives will receive 5%.

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

Authored by: geeboy88
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1874835
Eth Address: 0xdcef7d27bbaae609accdaf43ccf41b042beaffb4