Topic: [ANN] [ICO] MMRS - Money transfer and cash withdrawal on blockchain - page 148. (Read 11074 times)

Bank4you Group’s team is international; our team of representatives and advisers are all over the globe. Established in 2013 and headquartered in London, UK, in 2016 Bank4YOU transformed into Bank4YOU
Group, an international consortium of  n-tech service companies operating within the electronic mobile payment services arena. FCA License No715451, issued by the UK's Financial Conduct Authority authorizes
Bank4YOU to provide credit. Bank4YOU customers no longer need to depend on bureaucratic procedures associated with traditional banking. Its service has been created to ensure time-e ciency, convenience and secure transactions. Bank4You already works with a number of blue-chip organizations, delivering state-of-the-art prepaid card programs that target different user groups. Its customers are able to choose their ideal product from a wide range of pre-paid card options including Bank4You Group’s Corporate card and Premium card, along with mobile banking services.

The company aims to ease international money turnover and to provide customers with an
opportunity to withdraw money in any local currency.

I have read whitepaper and there were two tokens mentioned - BFY and MRS, not sure if they are related and how? We buy BFY during the ICo, is that correct?

Hello, could you please explain a bit about existing product you have and whether we can use tokens for them?

What this project is trying to solve?

Bank4you Group’s team of representatives and advisers are all over the globe. Established in 2013 and headquartered in London, UK, in 2016 Bank4YOU transformed into Bank4YOU
Group, an international consortium of fin-tech service companies operating within the electronic mobile payment services arena. FCA License No715451, issued by the UK's Financial Conduct Authority authorizes
Bank4YOU to provide credit. Bank4YOU customers no longer need to depend on bureaucratic procedures associated with traditional banking. Its service has been created to ensure time-e ciency, convenience and secure transactions. Bank4You already works with a number of blue-chip organizations, delivering state-of-the-art prepaid card programs that target di erent user groups. Its customers are able to choose their ideal product from a wide range of pre-paid card options including Bank4You Group’s Corporate card and Premium card, along with mobile banking services. Yes sure we will do our best .

The project idea is not unique but quite interesting and may be very successful if the team works hard on it.

ICO Price: Estimated USD 0.21/BEEFY
$ 8 118 550 raised
Tokensale is successfully completed


CONSORTIUM
It is proposed to organize a private Blockchain system as follows: the virtual Bank4YOU Group’s divisions (private nodes) will serve as nodes for transaction verification within the consortium of Organizations participating in the system of international payment transfers. They will provide fast and cheap validation of transactions made by other network members. It is assumed that as the popularity of the system grows, mobile operators will have an economic incentive for placing the peer-to-peer nodes of the system in their data centers. This can significantly reduce the transaction costs associated with money circulation.

WORKFLOW
The main component of the MMRS is a system of tokens tied to local currencies of the countries of system user’s countries, which enables fast, reliable and cheap remittance of values across the borders of states and continents. Operating such tokens makes it possible to increase the user trust in the system providing the simplest and the most understandable mechanism for converting fiat currencies into electronic ones. The issue of tokens occurs only on condition of the fiat money being brought into the system, which is intended to ensure the stability of the exchange rate.

ICO FUNDS DISTRIBUTION
The ICO means will be preliminary distributed as follows:
• 65% towards development of digital infrastructure of mobile network operator’s consortium, which will provide functioning of the MMRS system.
• 8% for IT development
• 15% Marketing and Promotion
• 9% For the Development of a Loan Product Distribution Suite
• 3% for Team members

BEEFY TOKEN ALLOCATION
BEEFY Token Allocation is presented on the figure above:
ICO Token Sale Campaign - 80%,
Ecosystem Reserve - 10%, Marketing & Promotion - 6%, Advisory Board, Consultants and Partners - 4%.
Minimal amount of investment is USD $100.00
Payment Methods: BTC, ETH, GBP, USD, EUR
Jurisdiction: UK
Algorithm: Ethash / Token ERC20 / Asset
Total Supply: BEEFY 300,000,000

https://icobench.com/ico/bank4you

Twitter: https://twitter.com/Bank4YOUGroup
Medium: https://medium.com/@Bank4youGroup
Telegram: https://t.me/Bank4YOUGroup
FB: https://facebook.com/Bank4YOUGroup
Insta: https://instagram.com/Bank4YOUGroup
Github: https://github.com/Bank4YOUGroup/BFYContracts

Bounty campaign is now available! 800,000 BEEFY tokens are reserved for the Bounty Campaign.  
Join and support us -  https://bitcointalksearch.org/topic/bounty-mmrs-money-transfer-and-cash-withdrawal-on-blockchain-2659330