BFEX- DECENTRALIZED LENDING FOR EVERYONE

Individuals and businesses depend on finances to survive. They use money to pay certain bills, buy equipment, pay workers salary, etc. The challenge here is that getting loans from banks are difficult to obtain with high interest rates or they don’t have access to the loans at all also due to certain restrictions or terms and conditions. Globally, 2.5 billion adults are unbanked because there is limited access to loans allowing informal debts and loan agencies to thrive in the market which causes unending cycles of debts. Other challenges include distance barrier, lack of necessary documentation and the high cost of ownership. There is so much buzz about entrepreneurship and seeking opportunities but it seems like the financial institutions are not ready for accommodate such growth. The Bank of Future Exchange (BFEX) is a FinTech company which proffers a solution by providing equal access to financial resources on their platform. The platform uses blockchain technology and is developed under the concept of nano-finance services to meet all consumers’ demands in the world ensuring trustworthiness, transparency and security .The community consists of the investor, borrower and the Horeca and Retail segment. BFEX aims to develop a decentralized peer to peer lending platform and develop credit scoring system for the nano-finance industry. The platform also aims to develop BPAY E-Wallet payment system where the BFEX tokens can be used to pay for goods and services on the platform. The BFEX system consists of three main features: peer-to-peer lending, BFEX spotlight, BPAY E-Wallet. The BFEX platform possesses a mobile application which is user-friendly and consists of the flowing feature: E-Wallet, Spotlight, BackMe and Referral.

TOKEN DETAILS
The BFEX token is a utility token based on the Ethereum ERC223 and smart contracts used to pay for services on the platform.it can be categorized in two different types of usages: as an Equity token for ivestors/shareholders and as a utility token for payment for products and services through the BPAY application provided for users. The ICO starts on the 1st of June 2018 and ends on the 31st of July 2018 with the token supply of 210,000,000 tokens at the price rate of 0.3/0.5 USD per token. The soft cap is valued at $12,000,000 while the hard cap is valued $36,000,000.

TOKEN DISTRIBUTION

50%- token sale
12%- loan assurance
12%- bounty & marketing
10%- reward & bonus
7%- development
7%- founder
2%- advisor

FUND ALLOCATION

45%- research and development
20%- marketing
15%- operations
10%- partners
10%- legal

ROADMAP
Q2 2018- pre-sale
Q3 2018- public sale
Q3 2018- listing on exchanges
Q4 2018- P2P platform development
Q1 2019- BPAY development
Q2 2019- alpha test
Q2 2019- beta test
Q3 2019- BFEX official launch

TEAM
Daniel Jaeger- Co-founder
Joseph Swartz- Co-founder
Shankar Biswas- Co-founder
Sam Roberts- Technical co-founder and CTO
ADVISORS
Wilson Thong- Advisor
Huan Johnson Koh- Advisor
Kaushik Bhaduri- Technical Advisor
Nilanjan Banerjee- Technical Advisor
Irin Chunsuntorn- International Business Development

BFEX is a platform set to displace the traditional method of lending and support the growing demand of personal loans. Join the platform today and enjoy its benefits. For more information please visit the website and connect with other users on the social media platform listed below:
Website: https://bfex.io/
Whitepaper: https://bfex.io/pdf/en/bfex_white_paper.pdf
Ann thread: https://bitcointalk.org/index.php?topic=3375492.msg35948905#msg35948905
Telegram: https://t.me/BfexOfficial
Facebook: https://www.facebook.com/BfexOfficial
Twitter: https://twitter.com/officialbfex

Published by: ogtejiri
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1790132
Ethereum wallet: 0x33E8810b5432ccD823b6c45975A55Fb9F6c931D6