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Forty Seven Bank ICO details Start Date: 2017-12-16 End date: 2017-3-31 Category: Banking, Cryptocurrency



Token: FSBT



Platform: Ethereum



Type: ERC20



Initial price: 1 FSBT = 0.0047 ETH



Bonus: ICO round 1: 15 Nov, 2017 - 15 Dec 2017 30% ICO round 2: 16 Dec, 2017 - 28 Feb, 2018 20% ICO round 3: 1 Mar, 2018 - 31 Mar, 2018 Only bonus for quantity



Accepting: BTC ETH Fiat



Soft cap: 3,600 ETH



Hard cap: 36,000 ETH

Forty Seven Bank



Forty Seven Bank will be a fully digital innovative branchless financial institution which complies with all EU directives, Basel III, Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) and Bank of England requirements.

The bank is going to be specialising in digital finance services by fully supporting cryptocurrencies and traditional fiat currencies. Basic cryptocurrency procedures include sale and purchase features, investment and exchange options and crypto-saving and current accounts. Multi-Asset Account will be one of the featured innovative products oered by Forty Seven Bank – it will allow customers to have access to all their accounts in dierent banks and crypto wallets as well as to their investments and savings in cryptocurrency and fiat equivalents via single application. It will be possible to operate with each asset type accordingly by having only one Multi-Asset Account at Forty Seven Bank.



We will oer unique crypto products like bonds, futures and options. Our goal is to invent such market- place and take the leading position in both short and long-term perspectives. Companies will be able to attract finances via product invented by Forty Seven Bank – Cryptobonds. Cryptobonds will be traded on various exchange platforms (mainly at the one developed by Forty Seven Bank).

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Team

Aleksandrs Malins Chief Executive Officer, Member of the Board Igors Astapčiks Chief Operational Officer, Member of the Board Vladimirs Tomko Chief Marketing Officer, Member of the Board Mihails Skoblovs Chief Financial Officer, Member of the Board Aristoteles Vargas Head of Financial Market Development Department, Member of the Board Anton Azamatov Chief Technical Officer Jevgenijs Plams Blockchain Developer Edgars Abols Chief Legal Officer Lilija Kovaļčuka Art Director Jevgenijs Lesevs Head of Internal Audit Vitalijs Grundsteins Project Manager Kristiāna Štauere Lead Analyst Nana Zhang Community Manager (Asia)

Forty Seven Bank Advisors

Evgeny Bezgodov Chief Operational Officer, Deiteriy Alexander Chernyakevich Chief Technical Officer, Scand Morten Hansen Head of Economics Department, Stockholm School of Economics in Riga Dmitry Dudin Head of Products and Services Development Department, XB Software Artem Kushik Business Analyst, Crédit Agricole CIB Igors Danilovs CFA, Senior Portfolio Manager, Swedbank Inna Krievane Financial Analyst, Argus Vickers Eva Iova Creative Director, IOVA

Milestones

October 2016 Elaboration of concept of a modern bank that will work with cryptocurrencies and fiat money

February 2017 Formation of a team, research, market analysis

March 2017 Detailed project plan elaboration

April 2017 Bank’s financial model construction, preliminary calculations

May 2017 Idea of administering project’s crowdfunding

June 2017 Preparation of documentation for crowdfunding administering

October 2017 Start of crowdfunding via Token Launch

December 2017 Successful completion of Token Launch, summing up

January 2018 Procedures elaboration and creation of document base for the company

February 2018 Software infrastructure deployment

April 2018 Applying for EMI, PI authorisation at FCA

May 2018 Integration with SWIFT system

June 2018 Certification according to QSA PCI DSS Level 1 standard

July 2018 Obtaining EMI, PI licenses, and authorisation for activity from FCA

August 2018 Launch of services for FSBT tokens holders

September 2018 Launch of services for private clients

November 2018 Submission of documents to obtain banking license

May 2019 Obtaining banking license, launch of services for business clients