Topic: ProtonBank - Banking in the Ethereum Blockchain (Read 948 times)

Our Whitepaper is currently in development and version 1 will be released by the end of the week if things go to plan.

Seems like a solid bank plan, is there a whitepaper?

The Bounty Program has been updated at http://www.protonbank.tech/bounty-program/. You can now apply there, translations can also be applied there. It will be a first come, first serve. Previous work needs to be submitted.

I plan to update the bounty program today, it will be much more in depth and provide clear instructions. Please stay tuned.

Bottom of post is link for Bounty but I will provide it here too. Note the structure of the program may change for the better.

http://www.protonbank.tech/bounty-program/

link Bounty Program dev

Note taken, working on restructure now.

Your bounty campaign is looking a little bit confusing please make it simple and easy to understand for all people how to participate in this campaign. like the given thread what will be for each format.

https://bitcointalksearch.org/topic/bqx-bitquence-bounty-program-earn-bqx-for-your-support-1965790

Reserving spanish translation if needed.

Question

so bacicly the same as taas,iconomi, gnosis?

why we need another fund? escrow? why should i trust a newbie with coins?


Answer

Good question!

Before I go into detail with the alternate projects you listed, let me address the Crowdsale for raising of funds and trusting us "newbies" with your funds. This is not an ordinary Crowdsale which you are issued tokens that are worth complete speculational value. One token will always be worth ((Total Capital / ((1/ Active Tokens Issued)* .995). In logic, you could invest 1 Ethereum into our Crowdsale, and immediately withdrawal afterward receiving .995 Ethereum. The small 0.5% fee on withdrawals is used to cover our teams work on our trades.

Regarding, "why should i trust a newbie with coins?", our team has reaped in a profit of just under 600% with a 180k investment. Now obviously I cant prove those numbers, and anyone could make such a bluff, so in which response to that, I would say hold off until you feel safe with ProtonBank. At ProtonBank, our biggest goal is to become a global, trustworthy, image for depositing your funds. If you do not trust us with making good trades, hold off until you seen the green in our tokens worth. I will consistently post (and hopefully improve) the transparency of our team and experience so you feel safer with depositing funs in ProtonBank

Now, before I go into the alternate projects, I want to express I don't plan to bash any other project, although I will share my outlook on the differences between us. That still doesn't mean I don't support them, I support one of the projects you listed!

Lets quickly look at each project.

TAAS - Seems like a straight forward project, but in the end, I believe they are stealing too much funds from their investors. Their profit taking is outrageous. I could tell a monkey to invest in Ethereum alone and do Zero trades and the monkey would potentially come out with better returns on investments than with taas (from the investors perspective). That alone would be enough to make me run for the hills. The only fees our system has is the .05% withdrawal fee, and the .5% additional deposit fee. The deposit fee is there to provide a interest for those that Bank with Proton (the .5% additional fee of the current price of Inactive Tokens is put into the Total Capital, not taken for profit by us.)

ICONOMI - There is nothing wrong with this project, although, we are different. ICONOMI provides DAA's for investors to pick from, where as with us, we are in complete control of the funds and choose which assets to invest in. ProtonBank also does all trades behind closed doors, not seen to the public. Although our trades are behind closed doors, and the assets we own are unknown, the current live price evaluation of our Total Capital will always be displayed on our website. This is a must to keep our intel confidential. For example, if I held 2 million USDT with our funds because our tools show a incoming drop in digital assets across the board, (likewise we did today in regards to bitcoin and Ethereum), we would not want the public to know our position. Wither or not this information would positively or negatively effect others outlook on their own position is unknown, and the last thing we want is more uncertainty in the crypto market.

GNOSIS - Great Project! But Gnosis does not do what we do behind closed doors. If anything, we use the intel provided by gnosis and predict how it will influence others in the market. Additionally, if Gnosis predicts an upward swing, yeah, it might influence others to buy, but they do not account for the constant release of news headlines, good or bad, on a hourly basis like us. By Banking with ProtonBank, wither the market be going up, down, or counterclockwise, you can be ensure we are putting our funds to the best position. If Ethereum had a media outbreak of "Ethereum has been hacked", will be the first to evaluate the authenticity of the posting, and predict its effects on the market (regardless if it is real or fake). This is because we have a team, working 24/7, monitoring the market putting our assets in the very best positions.

I hope I have cleared up your questions in full, if not, please let me know!

I apologize for any confusion regarding the Crowdsale and the banking terms. Our team is constantly improving the website, and rewording the structure so that it can be more easily understood to the outside.

Additionally, we will be adding some details into the website about our future outlook for this project. We plan to be much more than only a place to bank funds.

Thanks!

ProtonBank

Arabic translation of the topic/site/whitepaper is reserved thank you.

Can you tell me what is the difference between you and TaaS, if any?

Hi, bonjour,
All french translations reserved.
Vive ProtonBank !

Reserve turkish translation

Reserving Hindi translation if needed.

I would like to reserve for indonesian translation if needed.  Thanks

Banking with Proton puts your money into circulation with the current breakthrough technology assets around the world. Our skilled team monitors the Crypto Market around the clock makes decisions off dedicated research and predictions. Our understanding of the growing crypto market helps us eliminate risk and maximize profits. With a big total capital of funds, our team would be able to reap way larger profits than before, all from a safer standpoint since we have more controlled play in the market. We can all reap the rewards from a growing Technological World


Investment is received from you in either Ethereum, or Fiat Currency. In response, PRO token is issued. Each PRO token equals at share of the total capital held by ProtonBank, for which we use the capital to make trades increasing its wealth. When our team of experts makes profitable trades, your token wealth goes up. Your funds are never frozen, and at any time can be cashed out for Ethereum on our Transparent Page. For a more detailed description of how your wealth of token is calculated, please visit our Banking Terms.








Personal computers started appearing on the market around 1970, but didn’t make a world revolution until around 1977. Similarly, crypto currency has been around since 2009, and it just now starting to become global phenomenon. Investing in startups, ICO’s, and established crypto currencies or assets can be risky for a new trader in the field.
By banking with Proton, you are securing your investment in the growing Crypto Economy. Not only will your funds grow within market, but funds stored in ProtonBank will be used to invest to heavy in great projects, mainly on the Ethereum Blockchain, increasing capital return over the long run. With enough funds, controlling of the market will be more realistic, and we will be able to reap higher profits, which is then evenly disrupted among all current share holders. With a big pool of funds, our team can focus on trading crypto currency 24/7 (like were not already). People who understand the potential of crypto currency, but don't have time to follow the news day-to-day can invest with us and watch their stack grow. Other investors simply wont be able to compete with our high volume trades, personally developed monitoring tools, and industry grade predictions.
 

Our total capital collected will always be transparently displayed on our website. Tokens will be given out in response to investments, and can either be stored within your Proton account, or in your personal Ethereum Wallet. Tokens then can be traded among others if they wish to do so, or be sold back to ProtonBank. When selling back to ProtonBank, the price will be determined by Total Capital / ((Tokens Held/ Active Tokens Issued)* .995).  Essentially, our team collects .5% of Capital when cashing out in Ethereum or Fiat directly to us. This small amount is used to cover the research, constant monitoring, and correct predictions of the market our team plans to dedicate our life to.
 

Inactive Tokens - These are tokens held in the ProtonBank reserve and have no value until issued. Inactive Tokens will be held in a single, Transparent Ethereum Address, where the community can monitor its transactions and know they will only be issued when someone buys at the current rate determined by ((Total Capital / Total Issued Tokens) * 1.005). This .5% will be ignored during the first 15 days once sales go live. Additionally, this .5% will not be taken by profit by us, but added into the Total Capital increasing the wealth of all token holders. Think of this essentially as you interest rate for banking with ProtonBank. When others Bank with us, you gain interest for staying.

Active Tokens - Tokens that are not held in the ProtonBank reserve address will be considered active and will hold value equal to Total Capital / ((Tokens Held / Active Tokens Issued)* .995). These tokens, at all times, can either be traded among others or sold instantly to ProtonBank at the current rate described.

Total Capital - Total Capital refers to the total amount ProtonBank's Assets are worth, displayed in Ethereum.

Note : Total Capital, Active Tokens, And Inactive Tokens will always be transparently displayed through our website and on the blockchain.
 
Based off these logics, Token holders can always find out exactly how much Ethereum (or Fiat) their current holdings are worth. This will be calculated, as described above, as Total Capital / ((Tokens Held / Active Tokens Issued)* .995).