Topic: [ANN] 💠 FSBT TECH 💠 – Open API For Fintech Developers - page 142. (Read 58118 times)

Awesome company with great potentials and i also believe in 47 bank growth prospects and ambitious ideas! With each passing day, the number of real investors in the project is growing at a tremendous rate. I am sure a bright future awaits this platform.

Will actually be a good thing for new visitors/potential customers to read up a few pages before asking questions because some of their question might have be Answered already. Just like this have been answered a number  of time

Think that’s a much better way to handle the tokens instead of having to deal with the need to burn surplus coins it also assured that investors are always aware of the token number cap. Something I think that’s very important to the trust of the project. More ICOs should handle token creation like this instead creating a crazy amount and having to burn off extras.

We have special benefits structure after we get a banking license. The structure of these benefits is based on the amount of contribution during ICO. In order to get them, a person will have to become the bank’s client and then go through Know Your Customer (KYC) procedure.

If a person contributes between 0.1 and 1 ETH, he gets:
Free Multi-Asset Account: IBAN (EUR, USD, etc.), crypto wallets
(BTC, ETH, etc.), investments.

If a person contributes between 1 and 5 ETH, he gets:
Free Multi-Asset Account: IBAN (EUR, USD, etc.), crypto wallets (BTC, ETH, etc.), investments;
Free Visa Classic credit card that will be sent via mail.

If a person contributes between 5 and 10 ETH, he gets:
Free Multi-Asset Account: IBAN (EUR, USD, etc.), crypto wallets (BTC, ETH, etc.) investments;
Free Visa Platinum credit card that will be sent via mail;
25% discount on personal and travel insurance for contributor and two family members
during the first two years.


If a person contributes between 10 and 50 ETH, he gets:
Free Multi-Asset Account: IBAN (EUR, USD, etc.), crypto wallets (BTC, ETH, etc.), investments;
Free Visa Platinum credit card that will be sent via mail;
30% discount on personal and travel insurance for contributor and two family members
during the first three years;
No commission on cash withdrawal in any ATM in the world during the first year.

If a person contributes between 50 and 100 ETH, he gets:
Free Multi-Asset Account: IBAN (EUR, USD, etc.), crypto wallets (BTC, ETH, etc.), investments;
Free Visa Platinum credit card that will be sent via mail;
50% discount on personal and travel insurance for contributor and two family members
during the first five years;
No commission on cash withdrawal in any ATM in the world during the first three years;
Special conditions for trading activities.

If a person contributes between 100 and more ETH, he gets:
Free Multi-Asset Account: IBAN (EUR, USD, etc.), crypto wallets (BTC, ETH, etc.), investments;
Free Visa Platinum credit card that will be sent via mail;
50% discount on personal and travel insurance for contributor and two family members
during the first ten years;
No commission on cash withdrawal in any ATM in the world during the first five years;
Special conditions for trading activities;
No commission and fees for using any banking products and services of Forty Seven Bank for
ever (except loans).

Talking about unsold tokens - they will not be generated. We generate tokens which we sell, no more, no less, so there is nothing to be burned.

FSBT token holders will have the following important benefits:

1) They will become the first clients of Forty Seven Bank;

2) The rights to be the first to try and use products and services offered by Forty Seven Bank;

3) Top priority place in Forty Seven Bank loyalty program;

4) Opportunity to contribute to the development of crypto
community and help in charity campaigns;

5) Discounts and special conditions for products and services of Forty Seven Bank;

6) Higher FSBL token cashback multiplier when paying with Forty Seven Bank debit or credit card;

7) The range of the most commonly used mobile and online banking products for free;

No fee for using Multi-Asset Account;

9) Opportunity to sell tokens more expensively on secondary market when they increase in value in future;

10) Possibility for traders to speculate on token yield.

Phantam just did the whole job here, this write up is very impactful and full of information which is the more reason I do advice holders of any kind of project not to sell all and to keep some portions of it for future sakes...

There will be a total shift in time to come to cryptocurrency and those aware of this revolution are just too minimal compare to the vast majority not aware and which is why I applaud the initiative of 47BK which has come to become the bank to store this different project.

Good job here Phantam

Thanks for this video. Indeed it really saves time in going through white paper. Very good summary about the project. The only thing is I have already spent my time in reading the white paper.  

Yeah really excited about this project solving one of the most basic issues in crypto community and I will be glad if other cryptocurrencies will follow the trend after it would have been implemented by 47bk

i am sure 47BK is just the beginning. with the new PSD2 directive th complete banking sector will chance in the next years and many projects like 47BK will start.
47BK seems to be the first, and they are willing to do it completely right from the start. All the documents shows me, that they did not only their homework, they also did diligence tasks:-)
47BK will be the first and in my opinion the most sucessfull new bank

Exactly I’m most hopeful that we see not just 47 but others crypto banks start to show up to make entry to the market easier for general fiat users the fact is cryptos still to hard to get into for someone like my mom.

It will be interesting as we see more and more fiat to crypto gateways and banks come online it’s one of the reasons I’m most excited for 47bk

Forty seven bank closes the gap between fiat currency and crypto currency, which is a much needed solution as most new comers have difficulty in the financial part of the blockchain technology

Yeah it's the first project of its kind with potential vast customer base I believe Forty seven bank will excel in time,I've been following 47B from the onset and I can say the team is really passionate about their project and the features they plan to implement help solve problems

Don't worry you can still buy it for cheap instead of buying it on exchanges where you will miss the bonus. You get 10% bonus for below 10 eth. If you invest a little bit you get still bonus.

Sure, it is a blowing project, with all the right ingredients to make it supersede, did i just say supersede?, well, is actually a pioneer in its niche, so there's nothing to supersede because is already a force, with no competitor at the moment, making it an absolute authority and a whole lot of audience to satisfy

Looks like we missed the early participation there. I am not sure how I missed it; at any case we some could be gained from the sale; the price will moon when hitting the exchange. That it is tied to ETH i think the price would likely go up as ETH increases

Thanks for bringing this video to my attention, I now understand why the Forty Seven Bank team talk about the PSD2 directive so much. This is the EU directive that will allow clients to use their 47B account as a kind of master account to manage their bank accounts with different banks, which one of the many selling-points of this project.

Hey, Check out this short sweet video which summaries the projec, fortysevenbank pretty quickly and saves you having to read the whitepaper

https://youtu.be/Kgr9YxmmnBk

I just read page number 9, they mentioned lots benefits there as per year 2020 to 2024. Also The amount of funds spent on loyalty program will be 20% out of the net profit of Forty Seven Bank for the previous year. For each 1 EUR to be spent on these needs, 1 FSBL token will be generated.

I think the fact that they are looking to get a European Banking License and FCA approval puts the project way ahead of other projects aiming to do similar things and setting up crypto banks. That is why I would invest.