Forty Seven ICO Overview | Connecting Financial Worlds through Blockchain Power

in ico •  5 months ago



Hey folks, @cryptokraze here with another overview about the upcoming ICO (Forty Seven). This will include what this ICO is about, what it will bring to crypto world and why it is worthy for me to invest in it.



ICO SUMMARY


SYMBOLFSBT
START DATE16TH DECEMBER, 2017
END DATE30TH APRIL, 2018
TOKEN TYPEERC20
PLATFORMETHEREUM
TOKEN PRICE1 FSBT = 0.0047 ETH
TOTAL SUPPLY5,555,555 FSBT
HARD CAP5,000,000 FSBT (36000 ETH)
SOFT CAP900,000 FSBT(3600 ETH)
ACCEPTINGBTC & ETH
BONUSUP TO 30%


ABOUT THE PROJECT

  • To utilize an innovative fin-tech startup to decentralized the connection between fiat and cryptocurrecny
  • To a create a decentralized global platform that will unite the financial worlds
  • A platform that utilized the technological power of blockchain to merge fiat and cryptocurrency



WHAT WILL IT BRING TO CRYPTO WORLD

  • One of striking feature of Forty Seven Bank to the crypto world is -- that the bank will develop its own trading exchange
    Seek to offer unique product like – bonds, futures and option to the crypto world
  • Cryptobond will be traded on different exchange platform
  • It will create a support in transferring digital currencies to fiat



WHAT ARE THEIR FUTURE PLANS

  • To create a platform that will unites the community of digital customer with orthodox individual via Forty Seven Bank
  • It will have feature of Multi-Assets that will allow user to have access to different banks and crypto wallets
  • To create a flexible inventive, state-of-the-art and open application platform for financial developers
  • Another objectives is to create a platform that will put the actualization of decreasing cost and would intensification of effect working procedure for it – users
  • Smart contract will be the mean by which the bank issues, finance – and manage invoices
  • It also have a quest to develop a biometric POS terminal that will let users connect their credit cards or bank account with his\her finger prints



WHY IT IS WORTHY TO INVEST

  • Users will be able to save and invest cryptocurrency and fiats equivalent via single platform
  • It will offers customer the means to deposit and seek loans in conventional fiat currencies like USD, EUR and other as well -- include crypto currencies like BTC, ETH et cetera
  • Forty Seven Bank will be the first financial institution in the world offering non-fiat digital assets
  • It features an investment portfolio that will aid and asset user on efficient managing of their investment and brokerage service
  • It will provide support as well as promote its customers who are offering small products and services without owning a company
  • E-commerce client will have the mean to receive payment with fiat through mediums like Credit or Debit card, UnionPay and MasterCard



I have read Forty Seven ICO white paper and assembled this information. For further details, you can visit their official website.



Have a look on my other Posts

Eligma ICO Overview | Artificial Intelligence Driven and BlockChain Based Commerce Platform

eCoinomic ICO Overview | Collateral Loans for Crypto Owners

VINchain ICO Overview | 100% Trustworthy Vehicle History on Blockchain



Disclaimer
This ICO information is just for the interest of Crypto Lovers and should not be considered as investment advice. If you want to take this opportunity, then invest only what you can afford.


Images Sources: https://www.fortyseven.io/

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This type of crypto could ultimately beat our banks. This type of crypto has a lot of competition. A decentralized blockchain, NEX, on NEO is doing the same thing. There's about 5 or 6 of these ICOing all around the same time. They will receive a lot of completion from the big players as well like Robinhood and TD Ameritrade. Thanks for the share though, it's important to be up to date.

Ok so I understand what the project wants to achieve but I don’t understand why I should buy into the ICO. How will the project benefit me as a token holder?

Really gave a lot of important information. So, rsteem your article. I know from long ago that you keep very good knowledge in cryptocarrency!
This idea about crypto --> fiat is great, and I heard that idea more than one time.
But I don't like the idea that a bank is behind this project ( or am I mistaken).Really gave a lot of important information. So, rsteem your article. I know from long ago that you keep very good knowledge in cryptocarrency!

Really gave a lot of important information. So, rsteem your article. I know from long ago that you keep very good knowledge in cryptocarrency!

Very nice

nice post brother

I was thinking that the cryptos are excelling because they operate differently from fiat.
But now that Forty seven bank is here, everything will soon be dragged together in one centralised institution and become messed up.
It's been sounding so good but we shall soon know how good it is. My thoughts though.

It's good to have you in steemit about all the crypto review & for ins & outs in crypto coins .
Thanks for it.

iCoinCourse - very good software for traders.
Check the threshold value with comfort!
Download there: https://icoincourse.com/
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sir your post is most informative. its help me many think. think you sir. you are great.

This idea about crypto --> fiat is great, and I heard that idea more than one time.

But I don't like the idea that a bank is behind this project ( or am I mistaken).