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Topic: [ANN] [ICO] MMRS - Money transfer and cash withdrawal on blockchain - page 9. (Read 11070 times)

member
Activity: 210
Merit: 10
To provide customers with accurate lending mechanism it is offered to transfer the mechanism of credit history on Blockchain. In order to avoid disclosure of private data no personal user’s information will be
stored in the Blockchain, just the biometric information protected by cryptographic means. The user will voluntarily provide it in order to receive lending assets or access transaction history connected with the
digital identity of the real person. The benefit of the system is knowing it is impossible to obtain any information on the transaction history of a specific person without possessing their biometric data, thus
protecting users against any malefactors. It is indeed very difficult to counterfeit biological identifiers.

Is it gonna be a smart-contract for loans? Or how will you store it in blockchain?
member
Activity: 196
Merit: 10
Hello! I`ve read about microloan feature in this thread. Why do you need this feature?

Intending to provide convenient and fast mechanism for providing consumer credit financing based on money transfer platform, we give customers an opportunity to arrange smartphone credit for friends and
family.

How will it be made? How are you goint to store personal data?

To provide customers with accurate lending mechanism it is offered to transfer the mechanism of credit history on Blockchain. In order to avoid disclosure of private data no personal user’s information will be
stored in the Blockchain, just the biometric information protected by cryptographic means. The user will voluntarily provide it in order to receive lending assets or access transaction history connected with the
digital identity of the real person. The benefit of the system is knowing it is impossible to obtain any information on the transaction history of a specific person without possessing their biometric data, thus
protecting users against any malefactors. It is indeed very difficult to counterfeit biological identifiers.
member
Activity: 215
Merit: 10
Hello! I`ve read about microloan feature in this thread. Why do you need this feature?

Intending to provide convenient and fast mechanism for providing consumer credit financing based on money transfer platform, we give customers an opportunity to arrange smartphone credit for friends and
family.

How will it be made? How are you goint to store personal data?
member
Activity: 196
Merit: 10
Hello! I`ve read about microloan feature in this thread. Why do you need this feature?

Intending to provide convenient and fast mechanism for providing consumer credit financing based on money transfer platform, we give customers an opportunity to arrange smartphone credit for friends and
family.
member
Activity: 196
Merit: 10

чeм oтличaeтcя вaшa кoнцeпция oт Epayments - плaтeжнaя cиcтeмa?
What is the difference between your concept and Epayments - payment system?

Hello! We provide remmitance system, not payment system or a wallet. Bank4YOU Group’s ‘Mobile Money Remittance System’ will set a new trend in international money transfers
and will contribute to the creation of fast, convenient, and secure money transfers worldwide. The mobile app will also enable financial inclusion for people who are in desperate need of easy access to
financial services in countries across Africa, Asia, and Latin America. It would also lead to new opportunities for businesses, financial institutions, and mobile network operators to use crypto currencies.
MMRS will provide fast, cheap, international remmitances.   Epayments is a wallet, payment system with regular bank transfers, which are not fast, not cheap and might not work in Africa, Asia, and Latin America and not for unbanked people.
member
Activity: 197
Merit: 10
Hello! I`ve read about microloan feature in this thread. Why do you need this feature?
newbie
Activity: 1
Merit: 0

чeм oтличaeтcя вaшa кoнцeпция oт Epayments - плaтeжнaя cиcтeмa?
What is the difference between your concept and Epayments - payment system?
member
Activity: 196
Merit: 10
Which type of token is BFY? And which wallet do i need to keep tokens on it?
BFY 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: BFY 300,000,000
member
Activity: 257
Merit: 10
Which type of token is BFY? And which wallet do i need to keep tokens on it?
member
Activity: 196
Merit: 10
Where you are headquatered?
Bank4YOU Group Established in 2013 and headquartered in London, UK, Bank4YOU in 2016 has transformed into Bank4YOU Group, an international consortium of fin-tech service companies operating successfully within the electronic mobile payment services arena. FCA License No715451, issued by Financial Services Authority, UK grants the right to provide credits.
member
Activity: 168
Merit: 10
Where you are headquatered?
member
Activity: 196
Merit: 10
How can I buy MMRS or BFY coins?
You can start from signing up at https://cabinet.bank4you.io/login
 You can participate in our ICO bying BFY tokens. We accept ETH, BTC and USD/EUR/GBP via bank transfer.
1 BFY = $0,21 The exchange rate in case of payment in BTC, ETH is fixed at the market level (in US dollars for unit of crypto currency) on the date of receipt of the payment. The minimum sum of BFY tokens to purchase is 500 BFY.
newbie
Activity: 163
Merit: 0
How can I buy MMRS or BFY coins?
member
Activity: 196
Merit: 10
What the actual problem this project will solve?
Bank4YOU Group’s ‘Mobile Money Remittance System’ will set a new trend in international money transfers and will contribute to the creation of fast, convenient, and secure money transfers worldwide. The mobile app will also enable financial  inclusion for people who are in desperate need of easy access to financial services in countries across Africa, Asia, and Latin America. It would also lead to new opportunities for businesses, financial institutions, and mobile network operators to use crypto currencies.
newbie
Activity: 172
Merit: 0
What the actual problem this project will solve?
member
Activity: 196
Merit: 10
Which bonuses can you offer?
We have bundle bonuses right now:
Buying tokens for 2000 USD and more, you get +5% BFY.
Buying tokens for 10000 USD and more, you get +6% BFY
Buying tokens for 20000 USD and more, you get +7% BFY
Buying tokens for 100000 USD and more, you get +12% BFY
Please see at our website https://bank4you.io/, red tag on the right
member
Activity: 172
Merit: 10
Which bonuses can you offer?
member
Activity: 196
Merit: 10
Hello! What will be your remmitances fees?

The fee is the one on Ethereum network. This makes it possible to offer lower fees, even when compared to the mobile money technology (for example, M-PESA charges a fiat fee of $0.40 for P2P remittances and a withdrawal fee of $0.33 for withdrawals under $33), especially if there is no need for an instant execution of the transaction. In the event of increasing the transaction confirmation time to five minutes, the fee is significantly reduced. The remittance price in a public Blockchain Ethereum is much lower than that of any of the systems under consideration.
member
Activity: 257
Merit: 10
Hello! What will be your remmitances fees?
member
Activity: 196
Merit: 10
Hello!
Nice idea you have! Please explain advantages your token give tokenholsers?

Thanks for your question!
BFY token grants the right to receive:
1. Part of total group companies income up to 1% received from loan products implementation.
2. 2.5% discounts for purchasing MMR token.
3. 1% of income by group of companies of mobile money remittances total turnover.

Can you share details of item 1?

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.
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