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Topic: [ANN] [ICO] MMRS - Money transfer and cash withdrawal on blockchain - page 124. (Read 11074 times)

member
Activity: 196
Merit: 10
when will your ico finish?
newbie
Activity: 26
Merit: 0
It is ridiculous how much tokens and funds are allocated to founders, marketing, and advisors et cetera. I am definitely not putting my money in if I know that 10% automatically ends up in the pockets of employees and advisors.

Thank you for your opinion! If you take a look at our website https://bank4you.io/ you will see that we reached the soft cap and we are fine! When you change your mind, you are welcome to join!

What has reaching a soft cap to do with putting funds directly in the pockets of founders, marketing and advisors? Get yourself funded from another cashflow than the one from the ICO. People that invest in the ICO are interested in the project, not in paying founders, employees or advisors. 10% is seriously ridiculous high.

Your Token Allocation - "Marketing & Promotion - 6%, Advisory Board, Consultants and Partners - 4%"

But your allocation of funds is even more ridiculous:
• 15% Marketing and Promotion (Huh??!!!!!! 15%???!!!!!)
• 3% for Team members


Thank you for your opinion! Reaching of the soft cap means that there are enough people for whom the project by professional team is valuable.

Thanks for answering fast.

So you are actually admitting that money flows directly into the pockets of team members and founders? Some investors don't read completely through your white paper and website, and may not be aware of such information.

Can you explain me the following:
  • Why do you need 15% for marketing and promotion? Why 15%? How did you calculate it?
  • Why do you need 4% of your tokens for advisory board, consultants, and partners? How did you calculate this?


Can u answer my question, please.
full member
Activity: 238
Merit: 100
How are you going to cooperate with your partners,you listed on the website?

Could you please clarify your question?
They are already our partners, and we work together with them in the field f mobile money.
member
Activity: 182
Merit: 10
How are you going to cooperate with your partners,you listed on the website?
full member
Activity: 238
Merit: 100
On the round 3, that is going to be tomorrow like I understand - will be some discount from the final price on token b4y?

Unfortunately, round 3 won't bring any bonuses.
member
Activity: 112
Merit: 10
On the round 3, that is going to be tomorrow like I understand - will be some discount from the final price on token b4y?
full member
Activity: 238
Merit: 100
How will you spend gaining's from your ICO?

65% - towards development of digital infrastructure of mobile network operator’s consortium, which will provide functioning of the
MMRS system
15% - Marketing and
9% - For the Development of a Loan Product Distribution Suite
8% - for IT development
3% - for Team members
member
Activity: 182
Merit: 10
How will you spend gaining's from your ICO?
full member
Activity: 238
Merit: 100
Do you have any privacy policy so far? What are its main principles if there are any? Could you assure all users that provided personal details won't go viral and become known to the third parties?


We do have Privacy Policy, of course. The main principles are as following:
- We will provide clear information about how we use your personal information;
- We will take all reasonable steps to protect your personal information from misuse and keep it secure;
- We will collect personal information within extend required by the applicable law only;
- We will comply with all applicable data protection laws and regulations, including the Acts, and we co-operate with data protection authorities.

The above mentioned Acts are UK's Data Protection Act (1998) and The Privacy and Electronic Communications (EC Directive)  (Amendment) Regulations (2011).
member
Activity: 198
Merit: 10
Do you have any privacy policy so far? What are its main principles if there are any? Could you assure all users that provided personal details won't go viral and become known to the third parties?
full member
Activity: 238
Merit: 100
In what countries I can use your app for this moment?

At the moment our application can be used in countries where we partners from. All our current partners you may find here:
https://bank4you.io/#ico_partners
member
Activity: 196
Merit: 10
In what countries I can use your app for this moment?
full member
Activity: 238
Merit: 100
What is the special package for investors who will buy big amounts of tokens B4Y?

Special Packages have been designed for those purchasing 5000 tokens (Standard Package) and 15000 tokens (Premium Package). Corporate card and Premium card respectively will become our gifts to devoted investors.
Please, note that minimum amount of investment is $100.
newbie
Activity: 96
Merit: 0
What is the special package for investors who will buy big amounts of tokens B4Y?
full member
Activity: 238
Merit: 100
What does CARD4you provide to people, who own it?

The card has been designed for individuals, who don’t want or don’t have a possibility to obtain a foreign bank account. The card can be used to withdraw funds globally. Ideal option for frequent travellers and students.
full member
Activity: 238
Merit: 100
Hello. What is the difference between your project and other money mobile remittance companies?

We already own unique card solutions packed with a range of state of the art mobile banking services. In addition, easy-to-use free of charge mobile Bank4You app, created by a team of experienced fin-tech specialists.
member
Activity: 172
Merit: 10
What does CARD4you provide to people, who own it?
member
Activity: 201
Merit: 10
Hello. What is the difference between your project and other money mobile remittance companies?
full member
Activity: 238
Merit: 100
How do you ensure the security of money transfers?

The system is transparent and allows auditing by independent assessors who are not affiliated with Bank4YOU Group. Each user of Bank4YOU’s mobile wallet has an account where tokens can be stored in dierent local currencies as well as in the BFY token. Users can use available tokens for money remittances, to exchange them for other tokens, or can exchange them for local fiat currencies through an agent system or use as payment for goods and services. Access to the account management system can be carried out through a web interface to manage available funds efficiently.
Similar to mobile money systems, usage of the existing hardware base is proposed. Smartphones with a fingerprint scanner and a camera provide both Internet access for carrying out transactions of various types and possibility for user’s biometric identification. In fact, this paradigm shift addresses the problem of user access to traditional banking services not by building new oces in inaccessible/sparsely-populated areas
but by bringing banking services to the user’s mobile phones.
The unique biometric identifier consists of a person’s scanned eye retina and scanned fingerprints. These indicators allow for quick and reliable identification of each person in the world. This feature does not require provision of any passport data as it is subject to just minor mistakes. The only problem lies in the compatibility with the existing standards of know your customer procedure.
member
Activity: 182
Merit: 10
How do you ensure the security of money transfers?
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