Topic: [ANN] [ICO] MMRS - Money transfer and cash withdrawal on blockchain - page 30. (Read 11072 times)
February 06, 2018, 12:14:28 PM
So the tokens to use for payment is MMR. When i buy a token, how do I use it in your app?
February 06, 2018, 11:58:52 AM
I have MEW wallet and I think I can take part in ICO but I want to make sure. Right?
Yes, you are right. Actually it should be any ERC20-compatible wallet of your choice. We typically suggest using an official (or officially endorsed) wallet for storing ETH, such as the Ethereum Wallet, the one you have.
February 06, 2018, 11:57:49 AM
I have MEW wallet and I think I can take part in ICO but I want to make sure. Right?
February 06, 2018, 11:44:17 AM
Hi. I read about this project and I have a question. You have two kinds of tokens. Tell me, please, what is the difference between them?
BFY token is a Crowdfunding instrument made on Ethereum blockchain.
MMR token is a token that is designed to be a stable inner currency. All the operations inside the system Bank4YOU use MMR, which is not influenced by the volatility.
February 06, 2018, 11:43:26 AM
Hi. I read about this project and I have a question. You have two kinds of tokens. Tell me, please, what is the difference between them?
February 06, 2018, 10:55:50 AM
Why blockchain is a proven technology stack for your project?
Bank4YOU customers no longer need to depend on bureaucratic procedures associated with traditional banking. Its service has been created to ensure time-efficiency, convenience and secure transactions. Mobile money transfer or remittance is a peer-to-peer (P2P) application making use of a mobile device to send money to family or friends, primarily across international borders.
Blockchain technology makes it possible to create payment tools that carry the advantages of fiat currencies and mobile money not only within a country but also around the world.
Thanks to the technological advantages of the blockchain technology, a lower remittance price is ensured than with the alternative services. The remittance fees in the Ethereum network, for example, are regulated in a special way so that they are always low regardless of the price of the Ethereum
February 06, 2018, 10:36:35 AM
Why blockchain is a proven technology stack for your project?
February 05, 2018, 07:39:55 PM
I don't understand why do u use 2 kinds of tokens? Which benefits does it bring?
You are right, project provides two types of tokens. There is main problem in the cryptocurryncy market which is caled volatility. MMR is designed to solve this issue as a stable inner currency. All the operations inside the system Bank4YOU use MMR, which is not influenced by the volatility. BFY is a Crowdfunding instrument made on Ethereum blockchain. February 05, 2018, 07:22:49 PM
I don't understand why do u use 2 kinds of tokens? Which benefits does it bring?
February 05, 2018, 12:38:08 AM
Hello!
What part of the income gained from Bank4You Group bank activites goes to token holders? What percentage? How frequently? Pease can you expalin the point a little bit?
What part of the income gained from Bank4You Group bank activites goes to token holders? What percentage? How frequently? Pease can you expalin the point a little bit?
Thanks for the question!
Part of total group companies income up to 1% received from loan products implementation, 1% of income by group of companies of mobile money remittances total turnover is divided between tokenholders.
Please see page 23-24 of our WP http://bank4you.io/docs/Bank4YOU_MMRS_WP_EN.pdf , you can find the actual formula of calculating holder’s award during payment period, which is 1 quarter of a year.
February 05, 2018, 12:34:42 AM
Hello!
What part of the income gained from Bank4You Group bank activites goes to token holders? What percentage? How frequently? Pease can you expalin the point a little bit?
What part of the income gained from Bank4You Group bank activites goes to token holders? What percentage? How frequently? Pease can you expalin the point a little bit?
February 04, 2018, 08:59:27 PM
If you plan microloans feature, how will you identify borrower? and prevent fraud?
Hello!
For microloans our smart contracts will have the following information about borrower:
- Amount of loan
- Address of creditor
- Credit interest rates
- Series of loan charges
- Unique biometric indicator of borrower
So Unique biometric indicator of borrower will solve your question.
February 04, 2018, 08:58:09 PM
Hello! Do you still have token bundles? Because i did not found it by the previous link.
Yes, we still have them. You can find them on our website https://www.bank4you.io/. Click on the red tag to the right
February 04, 2018, 08:48:23 PM
If you plan microloans feature, how will you identify borrower? and prevent fraud?
February 04, 2018, 08:17:37 PM
Hello! Do you still have token bundles? Because i did not found it by the previous link.
February 04, 2018, 08:09:28 PM
Hello! Any updates on when this token come on any exchange now? Will I receive any information email or any notification?
Hi. We are in negotiations to list on 2 exchanges: Binance and Exmo. There might be additional exchanges – we will update you. Listing will occur after the end of ICO.
February 04, 2018, 07:54:40 PM
Hello! Any updates on when this token come on any exchange now? Will I receive any information email or any notification?
February 04, 2018, 07:38:54 PM
Hello! Why blockchain is a proven technology stack for your project?
Hello!
We use blockchain because it it enables fast, reliable and cheap remittance of values across the borders of states and continents. Operating our 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.
Moreover, blockchain use makes system 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 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. Access to the account management system can be carried out through a web interface to manage available funds efficiently.
February 04, 2018, 06:07:46 PM
Hello! Why blockchain is a proven technology stack for your project?
February 02, 2018, 12:27:55 PM
Do you visit roadshows to provide your project to investors ?
as to roadshows please take a look at our website
https://bank4you.io/
and scroll down
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