BFEX: PEER TO PEER LENDING

Access to capital is arguably the biggest threat to entrepreneurs around the world and every year, thousands of passionate people give up on their business ideas, projects and dreams just because they can’t find capital. The Problem is, many entrepreneurs who need capital don’t know where to look for it. That’s why the real problem is actually a lack of awareness about where and how to raise capital, and not lack of capital. There are lots of entrepreneurs worldwide today who have great ideas they innovate in order to survive but they barely thrive because they do not have the opportunities to turn their creativity into sustainable income. Many of these poor people who are entrepreneurs desperately crave a peer to peer lending platform where they could easily access funds to build on their ideas and businesses
Bank Future Exchange (BFEX) is a FinTech company, established with the intention to provide equal financial access for all by evolving a more widely accessible financial platform and in turn, disrupting the traditional financial institutions. This solution was created by experts in finance, technology, banking, and business management from both developed and developing countries. BFEX aims to use blockchain technology, big data, and Decentralized Social Trust Credit Scoring (DSTCS) to decentralize peer-to-peer lending experience. The vision is to create a tolerable financial system where people have can easily access the financial pool needed to improve the quality of their lives and contribute positively to society. BFEX will also help boost economic prosperity globally and is determined to develop nano-finance services to meet every consumer’s demands worldwide.

BFEX PARTNERS

BFEX UNIQUE FEATURES
• Peer-to-peer Lending Platform
• BPAY E-wallet
• Decentralized Scoring
TOKEN UTILITY
BFEX as Equity Token: Equity tokens are suitable for investors who see the potential growth of the BFEX platform and interested in participating as shareholders.
BFEX as utility Token: Utility Tokens are tokens utilized for purposes of payment for products and services via the BPAY application provided to users.
BPAY Mobile Application: An application which allows BFEX users to utilize BFEX tokens as a form of currency to purchase products and services provided by our partners. Our users will receive privileges, such as cash back, from purchasing with our tokens.
BFEX P2P Lending Platform: This platform developed by BFEX team will allow users to give loans to others with details being recorded on the blockchain on Hyperledger Fabric. This lending platform utilizes Decentralized Scoring (DS) in considering the qualifications of both lenders and borrowers, which generates social trust among community members.

PRE-SALE (20% BONUS) 9,000,000
Token Sale – 45,000,000 Tokens
Maximum contribution per participant – 500 ETH
Minimum contribution per participant – 5 ETH
Launch Date – May 1, 2018; 7PM SGT
End Date – June 28, 2018; 12AM SGT
PUBLIC SALE (10% BONUS) 6,000,000
Token Sale – 60,000,000 Tokens
Maximum contribution per participant – 250 ETH
Minimum contribution per participant – 0.1 ETH
Launch Date – July 1, 2018; 7PM SGT
End Date – August 31, 2018; 12AM SGT

TOKEN SALE AND DISTRIBUTION
Price range between 0.3 – 0.5 USD/ 1 Token
Hard Cap – 36,000,000.00 USD
Soft Cap – 12,000,000.00 USD
Token Sale – 50% for 105,000,000 Tokens
Reward & Bonus – 10% for 20,000,000 Tokens
Bounty & Marketing – 12% for 25,000,000 Tokens
Founder – 7% for 15,000,000 Tokens
Advisor – 2% for 5,000,000 Tokens
Development – 7% for 15,000,000 Tokens’
Loan Assurance – 12% for 25,000,000 Tokens

FUND ALLOCATION
Research & Development – 45%
Marketing – 20%
Operations – 15%
Partners – 10%
Legal – 10%

ROADMAP
2018, Q2 May 1 – June 28 – Pre-Sale
2018, Q3 July 1 – August 31 – Public Sale
2018, Q3 September – Listing on exchanges: Decentralized & Centralized exchanges
2018, Q4 – 2019, Q1- October 2018 – March 2019 – P2P Platform Development, BPAY Development: E-wallet, Partnership
2019, Q2 – April 1 – May 15 – Alpha Test: P2P lending Platform, BPAY
2019, Q2 May 16 – June 30 – Beta Test: P2P lending platform, BPAY
2019, Q3 July – BFEX Official launch: P2P lending Platform (token model), BPAY
2019, Q4 October – API Connection with 3rd Party
2019, Q4 – 2020, Q4 – October 2019 – December 2020 – P2P lending platform (Fiat currency integration)

TEAM
Daniel Jaeger – Co-Founder
Kasiphat Piromchayavanich – Co-Founder
Joseph Swartz – Co-Founder
Sam Roberts – Co-Founder & CTO
Shankar Biswas – Co-Founder
Patiphan Singhanont – ITCS

ADVISORS
Wilson Thong – Financial Advisor
Irin Chusuntorn – International Business Development Mananger

The rise of FinTech made much more changes in the lending system and also gives rise to many peer to peer lending sites. The peer to peer lending sites will help the borrower get loans directly online without any physical appearance because people are completely moving to the automated world where everything is available online inside their smart phones.

For more details on this project, please feel free to click on any of the following links:
Website: https://bfex.io/
LinkedIn: https://www.linkedin.com/company/bfex/
Whitepaper: https://bfex.io/pdf/en/bfex_white_paper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3375492.msg35948905#msg35948905
Youtube: https://www.youtube.com/channel/UC13BcE4smhXKEFlSR82emyA
Reddit: https://www.reddit.com/user/BfexToken
Telegram: https://t.me/bfexofficial
Facebook: https://www.facebook.com/bfexofficial/
Twitter: https://twitter.com/officialbfex
Medium: https://medium.com/@bfexofficial

Published by: tszone
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1742409
Ethereum wallet address: 0x684c9d1c004AB2023E1d3ae9aEb902B514B703d1