Topic: [ANN] [ICO] MMRS - Money transfer and cash withdrawal on blockchain - page 144. (Read 11074 times)

Is there any kind of incentives for inviting other people to the project? Will it be one time incentive payment or bonus?
Is it okay to keep bonuses and then use them at once but in a large amount?

MMR token purchase in return for tokens of BFY is possible on the floating rate, but with a fixed 2.5 per cent discount. This provides BFY holders with exclusive access to the system of cross-border money transfers. In order the participants got profit from the functioning of money transfer system, a special fund is formed by one per cent of all MMR token transfers’ amount inside the system. These means are then distributed
among all token holders of the system (both MMR, and BFY). Thus the system rewards the users for supporting it. The dividend payout will be received quarterly (on condition that the payment amount excesses a commission amount necessary for making a payment). Thus, a purchase of a system tokens constitutes a passive income.
MMR token holders will be paid by automatic accrued payment system. Availability of audit trail of a private Blockchain in public ethereum/Bitcoin Blockchain will provide for a transparent and fair accrued dividend scheme .

It is not clear what will be the mechanism for having profit, and furthermore what is that discounted price? How big will be discount and can it be accumulated, maybe?

Thank you for your questions.
 Indeed, there are two tokens.
Each user of Bank4YOU’s mobile wallet has an account where tokens can be stored in different 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.
The Bank4YOU Group (BFY) ICO token on the Ethereum platform will be implemented for those keen on long-term profit from system activities. The BFY token will allow profit on transactions and through other financial operations in the system. Besides, the BFY token holder will be allowed to purchase MMR tokens on discounted price, which means cheaper services on cross-border transfers.
The company has also created its own crypto currency, the ‘MMR’ token, which underpins its Blockchain system for mobile money transfers. Remittances will be executed via mutual agreements between customers and partners regardless of their respective locations.
The token, called Mobile Money Remittance or MMR, payment capability enables payment with fiat money stored on Bank 4YOU Group’s account at mobile network operators with deposits mainly in US dollars. The MMR token is issued once fiat money is placed and can be freely converted into several means of payment in various countries: fiat currencies, mobile money, airtime minutes depending user needs and
local market specifics.
 

Hi,
I have been reading this thread for some time, would like to clarify few points.
1. There are two tokens mentioned - BFY and MMR. What is there interconnection and what are we going to get during ICO?
2. Money remittance means easy withdrawal. How can I cash out the money sent by someone to me? Through bank, ATM, agent?
3. Shall be there app only or some sort of web-platform to perform financial operations?

https://icoscoring.com/project/5a0b5a14734d1d08bf70a54a/ - Rating from ICOscoring. Scores are good!

Yes you are right. The Total Goal: $ 50M! We are raising funds gradually during few ICO rounds. More details about terms of raising funds and motivation please look in our White Paper or at the official ICO site.
https://bank4you.io/index.html
https://bank4you.io/docs/Bank4YOU_MMRS_WP_EN.pdf

There are such terms of our ICO :
Pre Sale
7 days
6.11 - 12.11

1 Round
14 days
13.11 - 26.11

2 Round
20 days
27.11 - 17.12

3 Round
45 days
18.12 - 31.01.2018

When ico start and end?

The maximum cap - 50 million? It would be better to raise funds gradually taking into account the goals that have been achieved so far. What about your motivation? Will it remain so large?

We have a working version of the application.
You can download the application at this link:
https://itunes.apple.com/ua/app/bank4you/id1069036395?l=ru&mt=8
https://play.google.com/store/apps/details?id=uk.bank4you.client

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.

Yes sure they will. There are such reasons why people prefer to participate in ICO :
1.There are different kinds of investors , some like Bitcoin and another are Ethereum ( Altcoins ) fans.
2.Our aim auditory are people who interested in our service ( that bitcoin can not provide ) and features.
3.Market of cryptocurrencies is permanently growing and there are a lot of people interested in altcoins .

How much do you have in general a finished product? That is, right after ico it will be possible to use?

Do you think people will invest in your ISO with such a growth of bitcoin? In my case it is much easier to buy bitcoin when it falls and wait until it grows

Thank you for your question.
We will publish this information soon. Stay tuned

Concerning BFY it gives its holders additional discounts for remittances and long-term profit from
turnovers inside the system.None other product gives a chance to make transactions with
mobile money globally.
Mobile Money Remittance System ICO team will do our best to prevent dumping.

I looked at the information on your site. Roadmap is listed before the 4th quarter of 2018 and ends with the release of the final version. Tell me, please, are there any plans after this?

I can suggest you that we have enough time to reach hard cap but the project will be fulfilled regardless of the amount collected. Tokens will be distributed according to the amount collected. Shareholder will continue the project on his own funds, regardless of the ico results.

Thank you for your question. Here are all the useful links with the information you asked:
github   https://github.com/Bank4YOUGroup/BFYContracts
Blog / Medium   https://medium.com/@Bank4youGroup
Reddit   https://www.reddit.com/r/ethtrader/comments/78o1ex/bank4you_ico_launching_their_bfy_token_10262017/
Facebook   https://www.facebook.com/Bank4YOUGroup
Twitter   https://twitter.com/Bank4YOUGroup
 Stay tuned!

We will do our best to make this project successful. Detailed marketing research is presented on the page 10 of our whitepaper :
https://bank4you.io/docs/Bank4YOU_MMRS_WP_EN.pdf