BFEX BFEX

BFEX

Created using Figma
Created using Figma

Last Update

Apr 24, 2018

BFEX is a futuristic platform intending to become a bank for the un-bankable, giving back the power to the people whom it belongs to. What distinguishes our platform is that we have developed the 'Decentralized Social Trust Credit Scoring'. We believe in a world where people have equal access to financial resources, with the helping hands of the privileged groups. This is why BFEX was established. We create a platform which serves as a bridge between the privileged and the opposite side of the society. We're also making sure that our token utility will be sustainable, as we focus sustainable growth over profit, by launching the BPAY application. BPAY application provides a payment solution, allowing users to pay for goods and services from BFEX business partners across the globe.
Risk: High
ICO
Jul 1, 2018
Aug 31, 2018
25% completed
no data
ongoing
PreICO
May 1, 2018
Jun 28, 2018
100% completed
no data
Goal 36 000 000 USD
Cap 12 000 000 USD
past
  • 1 BFEX
    =
    0.5 USD

About BFEX

We are introducing BFEX, not as merely a business enterprise, but a social enterprise with a personality and a vision to create a world with seamless financial accessibility.

Our mission is to provide equal financial access for all by developing a more widely accessible financial platform, and in turn, disrupting traditional financial institutions. BFEX aims to utilize blockchain technology, big data, and Decentralized Social Trust Credit Scoring (DSTCS) to decentralize peer-to-peer lending.

Our vision is to develop a sustainable financial system where people can freely access the financial pool needed to improve the quality of their lives and contribute positively to society.

BFEX aims to achieve the three following goals:

To develop credit scoring system for nano-finance industry based on Trust-Based Banking by Muhammad Yunus who received the Nobel Peace Prize in 2006. An imminent part of his concept is “We can remove poverty from the surface of the earth only if we can redesign our institutions - like the banking institutions, and other institutions; if we redesign our policies, if we look back on our concepts, so that we have a different idea of poor people ”.

To develop a lending platform for nano-finance via decentralized peer-to-peer lending. The terms and conditions for lending and all the business transactions linked to the data on DSTCS.

To develop the BPAY E-Wallet payment system. BFEX Tokens can be used to pay for goods and services with BFEX business partners. Not only will the business partners be able to grow and expand their markets through their partnerships with BFEX, BPAY users will also receive 50%  cash back from the deals BFEX receives from its partners upon the payment made to BFEX business partners. This cash back will be transferred into the users’ BPAY accounts at the end of 4 each month. For instance, if a BFEX hotel partner offers 20% off from a hotel booking, BFEX will offer 10% cash back to its user while using the remaining 10% for business development. 

Roadmap

  • 2018, Q2

  • Pre-sale.
  • 2018, Q3

  • Public sale.
  • 2018, Q3

  • Listing on exchanges .
  • 2018, Q4 - 2019, Q1

  • P2P Platform Development; BPAY Development: E-Wallet, Partnership.
  • Read More
  • 2019, Q2

  • Alpha Test: P2P Lending Platform, BPAY.
  • May 16 - June 30

  • Beta Test: P2P Lending Platform; BPAY.
  • 2019, Q3

  • BFEX Official Launch: P2P Lending Platform (Token Model); BPAY.
  • 2019, Q4

  • API Connection with 3rd Party.
  • 2019, Q4 - 2020, Q4

  • P2P Lending Platform (Fiat currency integration).

Materials

BFEX

Activity

Status:
Jr. Member
LOW
Activity:
84
LOW
Merit:
0
VERY LOW
Posts:
48
VERY LOW
Views:
491
VERY LOW
Status:
Jr. Member
LOW
Activity:
84
LOW
Merit:
0
VERY LOW
Posts:
1 461
VERY HIGH
Views:
10 306
VERY HIGH
Users:
342
HIGH
Posts:
73
LOW
Followers:
523
LOW
Likes:
496
VERY LOW
Rating:
5
VERY HIGH
Reviews:
9
VERY LOW
Followers:
18 496
VERY HIGH
Tweets:
223
MEDIUM
Members:
200
VERY LOW
Alexa
Rank:
3 146 724
VERY LOW
Delta:
0
Year commits:
3
Watchers:
0
Stars:
0
Forks:
0
Open issues:
0

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Technical co-founder and CTO
unverified

Advisors

Verified 17%

Attention. There is a risk that unverified members are not actually members of the team

International Business Development
verified
Irin Chunsuntorn
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I'm leading the International Business Development and Marketing team, as of now we have started off quite well I would say. We have responses from users on bitcointalk, and only after 4 days of marketing period, people are starting to be aware of BFEX. I think the idea isn't the only thing driving us towards success, even though it is the big part which will change the entire traditional financial system as well. I have always been passionate with Social Business, with the right team and vision I think BFEX will not only achieve its goals but the rest of the financial system will thrive too.

Last News

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