Bankex: The Evolution of Financial Market By Increasing Assets Tokenization

Along with increasing the cryptocurrency value, the people more receptive to doing the financial transaction that involves cryptocurrency including tokenization. Tokenization is the process to change the real asset to be a blockchain based on tokens. Bankex is one of the service providers to make use of the benefits of the digital asset. The people get interested in tokenization because it gives the chance to get more benefits of blockchain every time while holding the asset characteristic. The real asset has several kinds such as stock, gold or real estate. Real assets are difficult to trade in physical form.

This is the reason that’s why the real assets are changes in the legal paper as the representation of legal assets. The legal paper makes the trading of asset easier. But, this practice can’t take the complication of physical trading, because there are the complicated legal procedures. In several cases, it requires the authentication from law enforcer. Tokenization exist shows their capability. Because the process takes the gained from blockchain, each transaction which related with asset trading automatically not needed the intervention of third parties. This is the great ways of holding the privation of both sides. Blockchain also more secure than encryption traditional system so that the fraud risk can minimize significantly.

https://bankex.com/en/

Bankex as the evolution of financial market has the role in increasing the asset tokenization. Bankex will ensure that the assets owner can get the maximum benefits from assets tokenization. The primary product is a protocol named Proof of Asset (PoA) that placing an additional space between blockchain and assets to achieve better transparency. Although the asset has already tokenized, the asset characteristic remains the same, and an asset owner never faced difficulty in dealing traditional financial system anymore. The Proof of Asset was created for adapting to the changes in the traditional financial system over time.

The biggest problem in asset trading is liquidity. Liquidity doesn’t mean it impossible to exchange the asset, but it’s uneasy to do. Bankex and the system want to contribute to solving this problem. The transparency assets will create the trust assets. Then, the tokenized assets are easier to sell out and easy to access. From that process, the liquidity becomes good and has more value. In this point, the crypto value never stopped to increase. Bankex provides the platform which is the asset owners can get the profit from the used of assets together in the decentralized capital market. The simple principle of Bankex is Bank as a Service (BaaS) or Proof of Asset (PoA) Protocol.

From that explanation, we can take a conclusion that Bankex has the mission of improving liquidity to the underrated asset. The achievements for Bankex so far are including the 50 TOP Startups Fintech arounf the world and also get the funds from the biggest corporation of Microsoft Azure $120K and from Skolkovo $90K. Bankex builds the cooperation with the largest bourse in Russia and more than ten banks, include Hyperledgers and Consensys. It’s not arrogant if we said the Bankex as the evolution of financial market. Please read the Bankex White Paper in https://bankex.com/en/whitepaper to get more knowledge about this platform.

The Information and Allocation of Token Sale

The tokenization of assets results in the tokens on each item that sells out in Bankex. The token usage doesn’t only to buy the smart assets, but it allows the user to use in several activities. If tokens don’t distribute while the token sale, the tokens remains available for the next buyers. So, the people won’t feel disadvantaged.

1. To access the Bankex ecosystem
2. To get the tokenization of real-world assets
3. To creating the new smart contract for new assets
4. To buying the smart assets

As the evolution of financial market that provides the digital system, the price of tokens during the Initial Coin Offering (ICO) the tokens will contain the exchange rate up to 500 tokens per Ether. It means the minimum price to get one tokens is 1/500 ether. Since 28 November 2017, the Bankex team already opened the tokens sale with first launching for 400.000.000 BKX tokens. The details for each level of tokens are, hard cap is 220.000.000 points BKX token, retail cap 80.000.000 BKX tokens, and soft cap 20.000.000 BKX tokens.

For the details of token sale information, you may visit https://bankex.com/en/.
In the first launch, Bankex tries to sell out 40%-50% of 220.000.000 BKX tokens during pre-sale. For the information, that minimum value for pre-sale is 100 ETH, if the tokens it was not sold, the not sold tokens will be deferred for one year later if its seals only reach 45/55. It means 45 sold out and 55 unsold. The pre-sale Bankex was launch on Money Conference in Copenhagen. Unlike the new ICO (which based on Ethereum), Bankex tokens were built as blockchain wave platform. In pre-sale, only the accumulator personal buyer that has the permitted to participate on pre-sale, with minimum purchase $10.000. The Bankex tokens will available in Russia on DEX bourse.

For the allocation of token sales for about $100.000.000 to investment on the platform itself, with the details:

1. 20 % of BKX and liquidity funds
2. 10 % for legal and licenses working
3. 5 % of the founders
4. 20 % of marketing and investment funds strategic
5. 30 % of R & D and software programmes
6. 15 % of promotion and evolution

If you’re interested in the token sale, it’s obliged to you to register yourself before as the member of Bankex. Using the MetaMask or MyEtherWallets account when register. The purchase of token sale can do with this account. Filling out the form of Bankex, including the personal information, email, the name corporation etc. When you are doing the payment for the token sale or another transaction, it’s possible to loose if using the Coinbase, Poloniex, GDAX, and Bitfinex, so to prevent that case it’s more secure to removed these applications. The details of how to register yourself, you can kindly access to

Joining the Ethereal Enterprise Alliance

To survive the existence of Bankex itself, the team joining Non-Profit Corporate Ethics Alliance to promote the integration of blockchain technology based on Ethereum into the infrastructure if bank. Bankex declares himself to be a new member of this alliance in New York, November 29th, 2017. This is the great news for investors who want to contribute to open sale of BKX tokens. The Bankex tried to adapt the atmosphere of world business while develops their service to get the greatest number of trust from people. Bankex wants to solve the liquidity number, so by joining the world alliance, it will give the positive impact for Bankex itself.

Visit Ann Thread: https://bitcointalk.org/index.php?topic=2013627.0

The Ethereal Enterprise Alliance (EEA) is a non-profit alliance that dedicated himself to support and promote the blockchain technology and standard based on Ethereal. The members of EEA are the financial, technology, and funds corporation. Like JP Morgan, MasterCard payment system, Intel, Microsoft and consultant corporation such as Accenture. All companies involved in the research develops, and integrate the blockchain. The Bankex corporation consider the approval of Bankex application into EEA as the recognition by the largest International association in blockchain technology for the achievement of analysis and development of Bankex.

The protocol for asset tokenization (Proof of Asset) that develops by Bankex can use as the basis of business, so the Bankex contribution to the integration of technology adjust with EEA mission. In addition to the platform, Bankex gives the contribution in develops process of liquidity theory, and the blockchain service architecture product. Bankex has the intends to participate in activities on the EEA working group and committee. Bankex committed to developing the blockchain technology, especially for large and medium enterprise.

The conclusion is building the new technology for the betterment of world society needed lots of support from all parties, in the behind of Bankex there is a team that has highly committed to creating the best service for people around the world. By joining the Bankex, the people can get more benefits and the positive sides of this platform. This is the great evolution of financial market which has the goals to change the manual system into the digital system.
The Summary of Bankex

Bankex is one of the innovation as the evolution of financial market which has the aims to repairing the liquidity of assets. Bankex is creating Proof of Assets (PoA) Protocol as the solutions. This protocol is combining Bank as a Service (BaaS), Internet of Things (IoT) and Artificial Intelligence (AI). The transaction in Bankex can do by using tokens. Tokens can use some things like access the Bankex ecosystem, get the tokenization of real-world assets, creating the new smart contract for new assets and buying the smart assets. The token sales were opened from November 28th, 2017 to December 28th, 2017 with first launch 400.000.000 BKX tokens are sold out. By joining Bankex, the people can get more benefits and reduce the non-liquidity risk of their assets. The spirit of Bankex team success is placing Bankex as the TOP 20 Financial Internet Technology from Pathfinder Ranking. It was proven for the people that Bankex has highly promising to digitize assets by using a smart contract and based on blockchain technology.

If you’re interested to know more, you can visit the Bankex social media account:
• Facebook: https://web.facebook.com/BankExchange/
• Twitter : https://twitter.com/BankExProtocol
• Telegram: https://t.me/bankex