interesting concept! could I join the feast from Japan?
Yes.
I like your business idea but I don't understand how your BAC token works. What makes BAC a good investment for me?
BAC tokens function as a de facto currency in the LakeBanker system. All fees and interest are denominated in BAC. The token is well-integrated into our Crowd-Banking business model. Here is an example:
Payments in the system will be free for most users most of the time. However, say the monthly quota for payments is $100,000 and you want to transfer $150,000 today. The fee determined by the market may be 300 BAC. The user would need to buy that 300 BAC from the market. If they do not want to purchase BAC, they can become a LakeBanker and serve others to earn it instead. So BAC can both be spent and earned within the LakeBanker system. In this way we have true Crowd-Banking.
We expect our free banking options (especially user-to-user and user-to-merchant payments) to attract many many users. BAC will eventually circulate amongst millions of people. Correspondingly, the demand for BAC will be very strong. We expect its long term price to reflect this.
