BFEX - Bank Future Exchange
ABOUT BFEX
BFEX is a futuristic platform intending to become a bank for the un-bankable, giving back the power to the people whom it belongs to. What distinguishes our platform is that we have developed the ‘Decentralized Social Trust Credit Scoring’. We believe in a world where people have equal access to financial resources, with the helping hands of the privileged groups. This is why BFEX was established. We create a platform which serves as a bridge between the privileged and the opposite side of the society. We’re also making sure that our token utility will be sustainable, as we focus sustainable growth over profit, by launching the BPAY application. BPAY application provides a payment solution, allowing users to pay for goods and services from BFEX business partners across the globe.
BFEX is a social enterprise with a personality and a vision to create a world with seamless financial accessibility. BFEX mission is to provide equal financial access for all by developing a more widely accessible financial platform, and in turn, disrupting traditional financial institutions. While the vision is to develop a sustainable financial system where people can freely access the financial pool needed to improve the quality of their lives and contribute positively to society.
BFEX aims to achieve the three following goals:
- To develop credit scoring system for nano-finance industry based on Trust-Based Banking by Muhammad Yunus who received the Nobel Peace Prize in 2006. An imminent part of his concept is “We can remove poverty from the surface of the earth only if we can redesign our institutions - like the banking institutions, and other institutions; if we redesign our policies, if we look back on our concepts, so that we have a different idea of poor people ”.
- To develop a lending platform for nano-finance via decentralized peer-to-peer lending. The terms and conditions for lending and all the business transactions linked to the data on DSTCS.
- To develop the BPAY E-Wallet payment system. BFEX Tokens can be used to pay for goods and services with BFEX business partners. Not only will the business partners be able to grow and expand their markets through their partnerships with BFEX, BPAY users will also receive 50% cash back from the deals BFEX receives from its partners upon the payment made to BFEX business partners. This cash back will be transferred into the users’ BPAY accounts at the end of 4 each month. For instance, if a BFEX hotel partner offers 20% off from a hotel booking, BFEX will offer 10% cash back to its user while using the remaining 10% for business development.
BFEX FEATURES
1st Decentralized Social Trust Credit Scoring
BFEX - The first system in the world to create a hybrid credit scoring system on blockchain. BFEX-Decentralized Social Trusted Credit Scoring is a mixture between social network behavior validation and verification of the official documents.
100% Decentralized Credit Scoring
BFEX - DSTCS is the system on a decentralized blockchain. The borrowers and lenders collaborate in the design of BFEX - DSTCS. Credit scoring system designed by user.
100% KYC
We have an fully KYC system for both borrowers and lenders. Our KYC system is transparent and verifiable, which store on blockchain.
Anonimity & Privacy
BFEX - DSTCS system design in decentralized network with transparency by showing the user's credit score. So, BFEX not publish the user's photo, real name and surname on our lending process. The lender considers the credit score as significant.
Turn your Social Network into a score and earn money
BFEX - DSTCS system design in decentralized network with transparency by showing the user's credit score. So, BFEX not publish the user's photo, real name and surname on our lending process. The lender considers the credit score as significant.
Cash back your every pay
BPAY is seamless e-wallet, which you can use with every merchat in our network by BFEX token directly. All your spending will be counted as credit scores and get paid every 1-5% at the end of the month.
HOW BFEX WORKS
While banking institutions are restricted under traditional loaning system, BFEX is determined to develop nano-finance services to meet the consumers’ demands worldwide.
Everyone can join
A specially designed DSTCS * system. Most of people are more easily to access to a loan better than an old way.
Blockchain & Smart Contract
The system is transparent and high security by using Blockchain and Smart Contract to secure trust and confidence for all users.
Set your own interest rate
Users can offer interest rates on your own, both the borrowers and lenders. The loan amount and interest rate range in your can offer, will be determined by the system.
Cash Back 1-5%
BPAY wallet can pay for utility bills, including BFEX strategic partner stores such as hotels, restaurants etc. Every spend through BPAY will pay 1-5% at the end of the month.
BFEX ICO DETAILS
Token: BFEX
Platform: Ethereum
Token Price: 0.5 USD
Token for sale: 105,000,000 BFEX
Token supply: 210,000,000 BFEX
Soft cap: 12,000,000 USD
Hard cap: 36,000,000 USD
Accepting: ETH
Restricted countries: No restrictions
BFEX MILESTONE
Q2 2018
- Pre-sale
Q3 2018
- Public sale
- Listing on exchanges
Q4 2018 - Q1 2019
- P2P Platform Development
- BPAY Development
Q2 2019
- Alpha Test
Q3 2019
- Beta Test
Q3 2019
- BFEX Official Launch
Q4 2019
- API Connection with 3rd Party
Q4 2019 - Q4 2020
- P2P Lending Platform (Fiat currency integration)
BFEX TEAM
FOUNDERS
Daniel Jaeger
Co-founder
He has over 10 years’ experience in implementation of complex financial systems around the globe in all industries such as banks, pharma and services.
Joseph Swartz
Co-founder
He has over 10 years’ experience in implementation of complex financial systems around the globe in all industries such as banks, pharma and services.
Person3
Sam Roberts
Technical co-founder and CTO
Sam is a seasoned IT Executive, Technology Strategist, and Digital Workplace Engineer with experience leading transformations within companies of every size
BOARD OF ADVISORS
Wilson Thong
Advisor
He has over 10 years’ experience in implementation of complex financial systems around the globe in all industries such as banks, pharma and services.
Huan Johnson Koh
Advisor
Johnson is not only the CIO of theAsianIR and the founder of Inproved, he is also a board member of two IPO companies. He has over a decade of…
Shankar Biswas
Business Advisor
Shankar has over three decades of experiences in business management, consumer finance, and investment and retail banking. He was one of the founding…
Kaushik Bhaduri
Technical Advisor
With a Bachelor’s in Physics and a Master’s in computer engineering, Kaushik worked for Microsoft Corporation for over two decades in Redmond. He adorned various…
Nilanjan Banerjee
Technical Advisor
Nilanjan completed his doctorate degree in theoretical computing from Texas Arlington University in the area of distributed networking. He was a senior researcher…
Irin Chunsuntorn
International Business Development
Irin is a new youth talent who has experiences in marketing with an international government sector and one of Thailand’s biggest PLC. Her intercultural communication
FOR MORE INFORMATION ABOUT BFEX:
WEBSITE: https://bfex.io/
FACEBOOK: https://www.facebook.com/BfexOfficial
TWITTER: https://twitter.com/officialbfex
ABOUT AUTHOR:
BITCOINTALK USERNAME: tpq01349
BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=1972940