BANKEX, the Decentralized Bank-as-a-Service (Baas) Enterprise, Launches Public Token Sale

To participate, go to our official page: bankex.com

The BKX Token Sale will start with an early bird price of 550 BKX / 1 ETH and will increase to 500 BKX / 1 ETH over the course of the Token Sale as the volume of tokens goes down.

Changes in the token prices will be announced on the site.

New York — November 28, 2017 — BANKEX has announced the launch of its Public Token Sale, commencing today at 12pm EST and concluding December 28, 2017. Using proprietary fintech solutions, BANKEX aims to bridge the gap between the emerging blockchain sector and traditional finance. Deploying smart contracts and enabling tokenization, the platform powers off-balance sheet crowdfunding, chain finance and leverages external infrastructure, creating efficient and time effective solutions. BANKEX will issue BKX tokens on the Ethereum blockchain.

BANKEX CEO and Founder, Igor Khmel, said: “BANKEX has enjoyed sustained support in its token presale, and would like to thank all early participants for their support. Following the success of the presale, BANKEX is excited to initiate the highly anticipated public sale of BKX tokens, opening up involvement to the wider community.” “BANKEX aims to bring emerging blockchain solutions to the established banking sector, propelling traditional institutions into the Twenty-First Century. This is a large undertaking and requires substantial investment, all proceeds secured through our Token Sale will be used to help make this vision a reality, and to ensure the success of all stakeholders involved in the BANKEX project,” added Khmel.

Token Sale proceeds have been earmarked primarily for research and development of the software necessary to implement BANKEX’s Proof-of-Asset protocol (PoA) (45%), promoting company growth (15%), protocol promotion and B2B marketing (10%), and other critical uses which are detailed on the company’s website.

Having a head office in New York and a development team in Moscow, BANKEX, BANKEX offers innovative solutions with far-reaching areas of application, including within the traditional finance and investment sectors; micro-financing; real estate; as well as illiquid assets, natural resources, and futures markets. BANKEX has already announced a collaboration with MovieCoin, its first institutional asset to be issued on its platform. MovieCoin is aiming to raise $100 million during 2018 to produce a portfolio of movie projects.

The BANKEX advisory board includes a number of noted technological innovators and esteemed academics including Chris Skinner, Chairman at the Financial Services Club; Griffin Anderson, Founder of Balance3, a Consensys formation; Peg Reed, COO of Forex Development Corporation; Sergey Sergienko, Founder and CEO of Chronobank; Makoto Takemiya, Co-Founder and Co-CEO of Soramitsu; Gabriele Columbro, Executive Director of Symphony Software Foundation; and Peter Crampton, Professor of Economics at the University of Maryland.

BANKEX has also formed a number of strategic partnerships with prominent industry actors such as Microsoft; Balanc3; Group-IB, a leading provider of cybersecurity solutions; Symphony Software Foundation; Soramitsu; The Entrust Group; Movie Coin LLC; Chronobank; and the Moscow Exchange.

BANKEX is also a member of the non-profit Enterprise Ethereum Alliance (EEA). EEA is a non-profit alliance dedicated to supporting and promoting technologies and standards based on Ethereum. EEA members include financial and technology companies and funds. JP Morgan, UBS, MasterCard, Microsoft, Intel and consulting companies such as Accenture, are all engaged in blockchain research and integration.

The BANKEX Token Sale will take place from 12pm EST on November 28 to December 28, 2017, where participants can use ETH and BTC to participate in the sale.

The BANKEX Token Sale will be capped at 400,000,000 BKX. BANKEX previously collected $20,000,000 USD in presale. The Token Sale will sell BKX tokens at a rate of 1 ETH = 500 BKX, with 80,000,000 BKX available in the public crowdsale, and 140,000,000 BKX held for institutional investors. The minimum purchase is 0.1 ETH. BKX Tokens are compliant with US regulations.

“We believe that collaboration between traditional financial institutions and technological innovators is the way forward for both sectors. The current banking system is too slow and stifled by legacy issues, while at the same time the emerging fintech industry lacks scalability. Combining the strengths of traditional finance and innovative fintech solutions will lay the foundation for a new global economy, defined by diversity, security, and previously unknown dimensions of efficiency and transparency,” concluded Khmel.

About BANKEX:

Using standardized fintech solutions, BANKEX, the decentralized Bank-as-a-Service enterprise, aims to bridge the gap between the emerging blockchain sector and traditional finance. Deploying smart contracts and enabling tokenization, the platform powers off-balance sheet crowdfunding, chain finance and leverages external infrastructure, creating efficient and time effective solutions. BANKEX’s innovative solutions have far-reaching areas of application, and are posed to have transformative effects upon traditional finance and investment; micro-financing; real estate; as well as illiquid assets, natural resources and futures markets.