BankEx
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1 ETH=500 BKX
About BankEx
BANKEX is developing a new tokenization technology that uses the blockchain technology to offer advanced Proof-of-Asset protocol for the financial markets. By using Smart Contracts, BANKEX may digitize various types of assets like portfolios including real estate, ensures that the asset is validated, turns it into a token, and places it on the market for trading. Liquidity in form of cryptocurrencies or even fiat money is is only a click away from asset owners. It provides investors the access to capital and guarantee clear cashflow.
BANKEX is supported by 10 banks and top tech companies, including the Microsoft Corporation. BANKEX is ranked in Top- 50 FinTech startups of the world.
What is the aset tokenization?
Tokenization is the process of protecting sensitive data by replacing it with an algorithmically generated number called a token, much like a website domain is a representation of an IP address on the internet, a token is a representation of information on the blockchain. By processing this information BANKEX PoA can perform actions that would usually require a third party for verification. Simply put - tokenization of assets is basically the process of passing on the rights to an asset into the blockchain and making it globally available. BANKEX tokens carry both functions : utility and security, while serving as a gateway to the platform they are also backed with the real world assets.
Pre-ICO and open presale
$1,5 million in July (pre-ICO), $10 million in soft and hard commitments in the first two weeks of its presale and private sale period
Token Sale details
Price: 1 ETH = 500 BKX
Accepting: BTC, ETH, Waves, TIME, Lightcoin
Retail Cap (Round 1): 140 000 ETH
Hard Cap (Round 1 + Round 2): 420 000 ETH
Soft cap (retail sale): 80M BKX tokens ( ~70 000 ETH)
Frozen for future institutional investors 140M BKX tokens (~280 000 ETH)
Problems asset tokenization solves
- Numerous asset owners - this creates barriers to effective communication, distrust and making it harder to reach common ground.
- High dispersion of assets - this results in blurred understanding of real cash flow that is generated by every single asset.
- Long period of launching projects to achieve desirable liquidity.
- Inability to enter the financial markets to attract sufficient investments for non-public companies.
- Complicated process of keeping track of the lifecycle of an asset before sustainable cashflow reveals.
- High legal and accounting expenditures caused by asset transfers if early investors sell their assets at peak profitability.
- Complexity of asset withdrawal when the terms of contract are not fulfilled for any reason."
Features
BKX is a utility token that is used in the Proof-of-Asset Protocol ecosystem for payment purposes in order to create Smart Assets of different classes. Smart Assets are created as a result of real assets tokenization.
BKX Token supports Smart Asset turnover in the system. BKX token is also used as a remuneration to the Asset Community for product mining.
- BKX Token doesn't grant holders the right to any profits or revenues.
- BKX token doesn't give holders the right to participate in any decision making or protocol chaning process.
- BKX token is needed for paying fees.
Technical Info
BankEx Roadmap
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Q3/2017
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Start of development
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2009
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Igor Khmel understands the world of finances is about to go through global changes. In order to be able to make his contribution to them, he enters the Stanford University to study finances.
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Q4/2017
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ICO
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2010
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Internship at Citadel Investment Group, one of the most profitable funds, where almost 100% of all employees know programming languages.
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Q1/2018
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Listing token on exchanges Designing UI
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2012
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A turning point in the vision of perspectives and opportunities for financial market development - meeting Tim Draper, future advisor of Bancor.Network.
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Q1/2018
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Apps development Music licensing
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2014
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Igor Khmel convinces the head of the most profitable bank in Europe, Herman Gref to create the Sberbank Innovation lab, which Igor masterminds the lead of. Today it is the European leader in banking innovation.
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2015
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Igor Khmel meets Ilham Hatypov and Dmitry Dolgov, founding the BANKEX company as an extension of the fintech innovation lab.
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Q2/2018
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iOS app release
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June • 2016
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BANKEX Fintech Lab begins to operate on a daily basis, founders of the company come to work in it full-time.
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Q2/2018
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Android app and web player release
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August • 2016
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BANKEX creates the department of blockchain development, making friends with Sasha Ivanov - the creator of WAVES Platform.
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Q3/2018
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MacOS and Windows apps release Global expansion
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September • 2016
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The BANKEX team wins the blockchain hachathon organized by the Life.SREDA financial group, creating a solution for p2p trading deals based on the Telegram messenger, capable of conducting transactions on the Ethereum blockchain.
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October • 2016
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BANKEX begins interaction in technical fields with the ChronoBank project team, that holds one of the first successful ICOs at the beginning of 2017, releasing the TIME token.
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December • 2016
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Through 2016 BANKEX Lab succeeds in signing contracts with 3 banks and deployment of 3 fintech products on the market: KYC, deposit exchange, crowdfunding marketplace.
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2016
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Throughout the year BANKEX becomes the winner of more than 10 prestigious prizes and conferences in the fintech sector.
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February • 2017
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BANKEX and Microsoft sign a blockchain technological development partnership, receiving Microsoft Azure Sponsorship of $120000.
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March • 2017
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BANKEX Lab achieves operational profit for the first Product Owner of the BANKEX Proof-of-Asset Protocol ecosystem - the fintech subsidiary FinDelivery with a KYC Smart Asset.
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March • 2017
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BANKEX receives status of Securities Emission Advisor and becomes a Bank-as-a-Service platform. The BANKEX ecosystem is joined by six more banks. Additionally a strategic partnership is formed with the M-Deposit Stock Exchange.
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April • 2017
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Start of development of BANKEX asset tokenization business, the Proof-of-Asset Protocol is presented publicly and the first version of the BANKEX WhitePaper is created.
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May • 2017
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Rapid growth of the cryptocurrency market coincides with growth of BANKEX's team. BANKEX now counts over 50 employees worldwide.
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May • 2017
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Public acknowledgement of BANKEX — the company becomes one of the TOP-50 fintech companies worldwide.
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June • 2017
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BANKEX organizes the first proper fintech hackathon, where development teams invite banks to program together. Winners were awarded with preBKX WAVES tokens.
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July • 2017
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First achievements of the Proof-of-Asset Protocol: the product architecture is created, some of BANKEX's innovations are developed and tested, such as Blockchain Service Architecture, Smart Asset Tokenization, Smart Deal. The market reacts very positively. The Proof-of-Asset Protocol scheme is validated with global clients.
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July • 2017
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BANKEX releases PBKX tokens based on the Ethereum blockchain.
Pre Token Sale is concluded within two weeks with a result of over $1 500 000. -
August • 2017
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The BANKEX team receives an award from Vitalik Buterin as winners of the blockchain hackathon.
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August • 2017
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Igor Khmel's presentation at FinTech Week in London strengthens interest towards BANKEX solutions from business.
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September • 2017
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During the BANKEX Asia RoadShow: Shenzhen, Tokyo, Hong Kong, Singapore the company holds meetings with financial elites.
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September • 2017
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BANKEX business opened in New York, a partnership is established with American legal companies. BANKEX is joined by fintech titan and Bank-as-a-Service guru Chris Skinner.
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September • 2017
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Initial Smart Asset Offering beta version based on the Ethereum blockchain is launched.
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October • 2017
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We have released a Demo-version of our product, the Proof-of-Asset Protocol, which provides new sources of capital for real assets on a crypto-centric FinTech platform. We have created a MVP product, and it signifies a solution for business.
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October • 2017
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BKX TOKEN SALE - Fully compliant with US regulations, both private persons and institutions are eligible.
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1Q-2Q 2018
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ASSET-BACKED EXCHANGE BANKEX
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2020
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FINANCIAL BRIDGE FOR TWO WORLDS: CRYPTO & FIAT
Activity
BankEx Team
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
BankEx Reviews
Currently trending in the blockchain world is the tokenization of different real-world assets. Services provided by Bankex will allow users to give up the rights to their assets in exchange for tokens. We've seen other ICO's such as LAToken aim for the same space but their ICO has failed all the investors who succumbed to the hype. For a complete tokenization of real world assets, several parties must be aligned. The buyer, the seller, and all the contracted legal implications are reliant on the honest human. Bankex' endeavour fails to give peace of mind to the true utility of their applications. A human middle man could facilitate the process for all parties, but such interactions are ill-refined in their process. Bankex describes a digital framework to handle assets, but banks are not just services, there is a human KYC process which prevents the majority of fraud. Now the question is - Will a major bank or business use this digital framework to handle their assets? We don't see it happening anytime soon. There is little evidence to support a profitable investment in Bankex' ICO. This is likely why Bankex has opted to throw in a bunch of other technology alongside their flagship product to give the appearance of sustainable development. Feel free to take a trip on the hype train as it could give out decent rewards however, keep in mind that you could be getting off at the bottom of the hill with its obscenely high hard-cap and risky business model.
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