and when bankera will start SCO ? 750M Euro ?? WTF ??
- Q1: When are you guys planning to begin the SCO?
An SCO is only a possibility we are considering for the future. We don’t plan to have one anytime soon. We would only launch an SCO if the token price reaches 10 EUR cents and we determine that we need additional funds. In other words, we will only launch an SCO if we need more capital to satisfy capital adequacy requirement to scale our business even further.
https://blog.bankera.com/2018/01/12/bankera-qa-4/- Why does Bankera need an SCO and when it will take place?
It is important for Bankera to enter the market with sufficient capital, to stay competitive with other banks. The ability to issue loans is at the core of any banking business. Due to regulations, Bankera is required to have 20% of all outstanding loans as capital in order to meet capital adequacy requirements. For example, if Bankera raised 100M EUR, it would only be able to lend out 500M EUR, which is far less than a small bank‘s lending capacity.
The actual BNK token sale price will depend on the current prices on exchanges. The BNK token price will be equal to current prices on exchanges, but it will not be lower than 0.1 EUR per token. More detailed information about SCO will be provided in the future.
https://bankera.com/faq.html