BANKEX sets out to solve inefficiencies inherent in today’s banking system by utilizing Blockchain technologies

BANKEX is announcing that our Token Sale Event (TSE) will take place on November 28. Using proprietary fintech solutions, BANKEX aims to bridge the gap between the emerging blockchain sector and traditional finance.

Having raised $10 million USD in soft and hard commitments in the first two weeks of its presale and private sale period, BANKEX’s TSE will take place between November 28, 2017, and December 28, 2017.

Interested parties can use ETH and BTC to participate in the sale.

Capped at 160 000 ETH (or 80 million BKX) for retail investors contributing in both presale and public token sale, BANKEX will sell BKX tokens at a rate of 1 ETH = 500 BKX as the volume of tokens goes down. Changes in the token prices will be announced on the site later.

Actively working on partnerships with financial institutions to develop pilot projects and proof-of-concepts, BANKEX reserved 140M for institutional buyers with minimum purchase of 1000ETH and limited for resale for 365 days from purchase date.

80M tokens will be sold to general public starting November 28, 2017

“We hope to have a transformative effect upon traditional finance and investment, micro-financing, real estate, as well as illiquid assets, natural resources, and derivatives markets. This is a large undertaking and will require substantial investment. The market gap is large, the potential is huge, and the aim is clear. We want to bring emerging Blockchain solutions to the established banking sector,” said Igor Khmel, Founder and CEO of BANKEX.

BANKEX CEO Igor Khmel is a fintech entrepreneur with experience in product development, operations, and digital strategy implementation. With an MBA from Stanford School of Business, Khmel’s professional track-record includes professional tenures at prestigious organizations McKinsey, Deloitte, and Citadel. Khmel also founded a fintech laboratory and innovation practice at Sberbank, the largest bank in Eastern Europe.

Deploying smart contracts and powered by the tokenization of assets, the BANKEX platform enables off-balance sheet crowdfunding and chain finance to function on existing infrastructure, creating novel and efficient solutions for banks and other financial institutions.

With compliance and security as top priorities, BANKEX is in close cooperation with cybersecurity firm Group-IB to help mitigate risks at all stages of the token sale. In addition, all participants must go through an in-depth registration process. The privacy of the individual is respected throughout and no sensitive personal information is collected. Once registered, participants will receive an email with instructions on how to proceed with the presale. This email will include the ETH/BTC address that presale contributions should be sent to.

“All resources acquired, during our TSE, will be used to ensure the success of all stakeholders involved in the BANKEX project. We aim to be fully resourced and equipped to fulfil our mission statement and to ensure we continue to grow and expand upon our team of world class employees,” concluded Khmel.

BANKEX’s stellar board of advisors consists of industry experts such as Sergey Sergienko, Founder of Chronobank, Sasha Ivanov, Founder of Waves, Nehemia Kramer, an early stage investor in Ethereum, Chris Skinner, a leading financial markets strategist, Gabriele Colombo, Executive Director of Symphony Foundation, and Peter Cramton, Professor of Economics at Maryland University.

With industry-wide support, BANKEX’S partners include ConsenSys’es formation Balanc3, Microsoft, Dostavista, a global crowdsourced delivery service that operates in nine countries, Symphony Foundation, a foundation comprised of leading US banks, and the Moscow Exchange, the largest exchange group in Russia. BANKEX has also gained traction securing client engagements with financial institutions in New York City, California, Hong Kong, and Tokyo. BANKEX has been named a top 9 ICO to watch to by entrepreneur.com, and was ranked by Financial IT’s Pathfinder Ranking as one of the Top-50 fintech companies worldwide.

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 real-life assets, natural resources, and futures markets.