BANKEX Token Sale Event Report

BANKEX Token Sale is officially over. We are grateful for the support from the crypto-community and our partners throughout the whole event.

During all stages of BANKEX token sale, 80M BKX tokens were sold, that’s 70,200 worth of ETH. BANKEX has exceeded USD cap by 150% and successfully raised $70 600 000 dollars. We sold 80M BKX, during three rounds of Token Sale: pre-ICO in July, presale and public token sale.

The process of BANKEX Token Sale Event

In the first two weeks of the presale and private sale period, BANKEX raised $10 million USD in soft and hard commitments. By the end of the presale, BANKEX collected $20 000 000 USD.

BANKEX launched its Public Token Sale on November 28, 12 pm EST, and it ended on December 28, 2017. During The Token Sale, BKX tokens were sold at the rate of 1 ETH = 500 BKX with bonuses for early birds.

Our token sale attracted participants from 127 countries around the world. The total number of registration submissions is 13707. The total cap for the token sale is 80M BKX tokens.

Further funding will be obtained from the sales of tokens to institutional clients. 140M BKX are reserved for institutional buyers with minimum purchase of 1000 ETH and the buyers can not resell the tokens for 365 days from the purchase date.

6 149 people from 127 countries

During BANKEX Token Sale, we ran the KYC-procedure. The procedure of KYC is a standard method for verifying the identity of the customers. In our case, it is a procedure to prevent fraud, money laundering, identity theft, etc. BANKEX partnered with a reputable KYC/AML provider. Our KYC/AML platform allows buyers to complete their KYC formalities entirely online and in real-time.

There are 6149 contributors from 127 countries participated in the token sale.

Here is the list of Top 10 countries in terms of the number of participants:

CHINA — 13% UNITED KINGDOM — 6% AUSTRALIA — 6% INDIA — 5% CANADA — 5% SOUTH KOREA — 5% VIETNAM — 4% RUSSIAN FEDERATION — 4% NETHERLANDS — 4% GERMANY — 3%

Here is the list of Top-30 countries:

The funds we raised from the Token Sale will be primarily allocated for developing and advancing the technology of BANKEX’s Proof-of-Asset protocol (PoA), sustaining company growth, product promoting & B2B marketing (10%)…etc. There is detailed information on the company’s website.

”I’d like to thank the community for their warm support. The amount of funding we’ve raised is sufficient to implement all the technologies that we announced in our roadmap for the next few years. We will become a safe harbor for crypto investors since our revenues and our supply of demand will be based on the tokenization of real assets. The BANKEX protocol can significantly reduce financial and legal due diligence costs while enriching traditional capital markets with historically non-fungible assets such as movie/music financing, private shares, local municipal debt and financing for stand alone real estate projects,”– said Igor Khmel, Founder and CEO of BANKEX.

We would like to express our gratitude to everyone, who has participated in BANKEX Token Sale Event, for your support and contributions. Together, we will make history.