How could BKX tokens help investors, both large and small, make a profit in the film industry, coal mining, and real estate development? Igor Khmel, the founder of the blockchain platform – BANKEX, explains all you need to know about Bankex.

We’ve heard a lot about BANKEX since you often speak at conferences. The company has successfully completed the token sale. What do you already have and what do you plan to build with the attracted funds?

In general, business owners in a certain industry, such as metallurgy or car manufacturing often suffer from cash shortage or lack of liquidity. Meanwhile, they are sitting on assets. To free up the money and get floating capital, we invite them to buy our tokens. Tokenization of assets will subsequently allow these companies to use our service. And many people buy a significant number of tokens.

So, how does it work? Our processors are similar to the securitization of a real banking menu. Most importantly, our know-how is not the blockchain itself, but an off-chain, which combines blockchain with other technologies. We create a process that transfers reliable and verified data to the blockchain.

Our approach is unique in particular cases: we investigate what exactly can be used to collect data about an asset. For example, machine learning technology that collects data from sensors. The goal is to eliminate human factors and possible frauds. Do not expect the mine owner will honestly tell how much coal is being extracted, because he is interested in numbers, a lot of things depend on them. Therefore, it is necessary to obtain these data from sensors installed on trolleys and automatically read how much coal is mined every day. Another example is data collection by a third-party company that installed its software, which you can trust. The third example is to use the data of a foreign company that is also working on this mine, as well as many others around the world, without the participation of the mine owner. This player can be trusted because the company values its brand.

We provide money to ensure the cash flow of the mine regardless of who owns it. If the ownership of the mine is transferred, all the cash flows or debts will fall upon us. This tool is the tokenization of assets, and we are willing to use it.

We are like Goldman Sachs on the blockchain. As platform owners, we will profit from each transaction.

Our first partner is the Hollywood producer Chris Woodrow. We are building a joint Moviecoin platform, which will be used to finance movies. This fundraising site is for movies that are used to be produced by Hollywood studios that have tens of millions dollar budget.

Moviecoin will be presented in May 2018 at the Cannes Film Festival. I’ve already been invited to the red carpet. There are a number of well-known producers and directors supporting this platform, which will raise 100 million dollars for its development and initial investment in movies. Then it will raise billions – simply because every year the Hollywood film industry attracts 5 billion dollars. The platform will allow you to create a standard on which investors can invest in blockbusters with minimal losses. It is well known that now the studios operate in a way that causes all the newcomers in Hollywood to lose money. Our goal is to reduce investment risks for newcomers in Hollywood through Moviecoin tokens.

What role does BANKEX play in building this film production platform?

Moviecoin platform will use BANKEX tokens in the same way as smart contracts on Ethereum use “gas”. This means that 10% of the commission collected on this platform will be for purchasing BANKEX tokens. Thus, all owners of BANKEX tokens will get buyers from this platform.

Moviecoin is only the first platform we build. In the future, there will be about ten. The next platform, which we think will be designed to fund musicals in Hollywood. Then, a mortgage securitization platform will be launched. In this plan, we also consider the prospect of the secondary market for private shares. In all the areas I just mentioned, we already have clients.

We build a range of these assets. Our goal is to provide each asset with liquidity. The ultimate liquidity lies in the exchange. On our platform, we will build a bridge connecting capitals from the stock exchange with blockchain instruments. A tool like the one used for securitization will be created. That means a SPV will be made. Maybe there will be a Special Purpose Acquisition Company (SPAC), which will be listed on the stock exchange and provided with tokens generated on the basis of our protocol, in particular through Moviecoin.

And which stock exchanges are you considering?

NYSE, New York – I intend to make the company global immediately. I invited to advisors experts who created SPAC 20 years ago. SPAC allows, for example, taking 3 million dollars to raise 50 million in the private market for acquisitions and further development. We give a year to purchase purposes. After the acquisition, the company will become public – i.e. listed on the NYSE.

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