Burency

Burency

Created using Figma
Created using Figma

Last Update

Oct 28, 2019

Burency is a FULLY-INSURED CRYPTOCURRENCY EXCHANGE that brings transparency, convenience and regulation for traders, investors and first- time users. It is also a platform dedicated to the widespread adoption of blockchain-enabled smart contracts that can facilitate global business transactions. The Burency platform is designed to address key challenges that are pre- venting widespread adoption within the cryptocurrency and blockchain ecosystem, and is an advocate for crypto and blockchain adoption, particularly in the Middle East. Burency’s other aim is to make cryptocurrency trading simple, accessible and transparent – and bring on board first-time investors as well as experienced traders.
ICO
Oct 1, 2019
Jan 31, 2020
100% completed
$4 000 000
100% goal completed
past
  • 1 BUY
    =
    0.14 USD
Token Details
Ticker
BUY
Total supply
700000000
Token Distribution
64 % For Sale
20 % Reserve for Exchange Platform
10 % Team, Advisors & Partners
6 % Marketing
Accepted Currencies
ETH, BTC, USD, LTC, BCH, EUR, USDT, XRP
Min Contribution
500
USD
Company Details
Registered Company Name
Burency
Registered Country
United Arab Emirates
Company Founded
Jan 1, 2019
Bonus Structure
Private sale : 100%
Pre-ICO : 50%
Additional Details
Platform
Ethereum
KYC
Yes
Categories
Platform

About Burency

Burency is an advocate for crypto and Blockchain adoption, particularly in the MIDDLE EAST. The platform is designed to address key challenges that prevent widespread adoption within the cryptocurrency and Blockchain ecosystem.

 

Features

1/ REGULATED AND FULLY INSURED CRYPTOCURRENCY EXCHANGE

The Burency Exchange is a regulated exchange platform that addresses key challenges including security, liquidity, fiat to crypto transactions and vise versa, and more. The exchange is one of the world’s fully insured platforms, with coverage provided from LIoyd’s of London through the Nebbex Protocol.

2/ SUSTAINABLE MINING OPERATION

The Burency Mining facility answers some of the challenges associated with crypto mining such as mining destruction to environment and excessive mining power expenses by creating a sustainable facility powered by renewable hydropower. Burency provides a streamlined platform for the generation of cryptocurrency via purchased timeshare slots within the mining facilities using the BUY token. Additionally, computational power can also be purchased via the BUY token which governs purchases across the Burency ecosystem.

3/ BLOCKCHAIN RESEARCH & DEVELOPMENT CENTER

The Burency Blockchain Development Center is dedicated mainly for advising enterprises on Blockchain applications and helping them operate on the blockchain for more efficient operation and business transactions execution. In particular, the center focuses on the creation of smart contracts that enable businesses to trade with entities across geographical and jurisdiction boundaries.

Technical Info

  • What is Nebbex protocol? And why Nebbex solution?

    The Nebbex protocol is a patent pending o ine custodian system that reconciles assets out of a physical vault; DMCC storage vault, using smart contracts, where all assets are in deep cold storage.
    Nebbex solution is distinctive in its nature because it is a solution that gathers between security and liquidity. Current storage solutions either o er security using cold wallets or liquidity using hot wallets, however no storage solution combines both. Security breaches happens because of the disconnect between hot and cold wallets as moving assets from exchange platforms to wallets has to pass through the internet at some point.

    The Nebbex solution allow those who are insured to store cryptocurren- cies into DMCC storage vault which is a third party insured blockchain managed physical vault. In addition, Nebbex solution has the capacity to serve many users with multiple coin storage. Nebbex solution allows us- ers to make concurrent payments and withdrawals in system, while allows them to make crypto withdrawals within one hour when done outside the ecosystem.

    The Burency Solution For Asset Protection and Exchange Integrity

    Burency relies on Nebbex’s patent-pending insured solution that integrates third-party exchanges. This enables the exchange’s assets to be insured through Regal Assets, based on an institutional standard digital assets custody solution – as highlighted earlier. The smart contract, blind key generated scalable system stores all digital assets within a centralised third party insured and protected cold vault located in the DMCC, in Dubai, UAE. A strict set of physical and technological security protocols are operationalised each time an asset is to be withdrawn from the vault. This cold vault storage, backed by carefully engineered security protocols, disconnects valuable digital assets from the Internet and makes them inacces- sible to online hacking attempts.

    The vault at DMCC – otherwise known as the Dubai Multi Commodities Centre - is one of the most secure precious metal facilities in the world. DMCC is a specialised trade free zone created to o er the physical, nancial and market infrastructure required to establish a global hub for the commodities trade. It was named ‘Global Free Zone of the Year’ 2017 for the third year running by The Financial Times fDi Magazine.

    The Nebbex Protocol ends digital asset losses on trading platforms and exchanges due to hacking or breaches. Burency plugs into the NEBBEX legal framework of security, KYC, and AML, and bene ts from an AML closed loop and seamless at
    to crypto – and vice versa - transactions through the Nebbex back-end. Burency also relies on Nebbex’s custody solution to store multiple cryptocurrencies at and other assets in a blockchain-managed, third-party insured blockchain vault.


Burency Roadmap

  • Q1/2019

  • Insurance Contract Agreement with (Nebbex)
  • Q4/2019

  • Smart Contract Implementaion
  • Q4/2019

  • Private Sale
  • Q4/2019

  • Pre Sale and Public Sale
  • Read More
  • Q1/2020

  • Completion of Platform Programming
  • Q1/2020

  • Release of the Exchange
  • Q2/2020

  • Operation of the Mining Farm
  • Q2/2020

  • Launching the R&D Blockchain Centre
  • Q3/2020

  • Release of Burency's Application for iOS & Android
  • Q4/2020

  • Operation of the Data Centre
  • Q1/2021

  • Release of Burency's Credit Card
  • Q1/2021

  • Investing in Blockchain Apps
  • Q3/2022

  • Blockchain Business Solutions

Activity

Followers:
7 700
HIGH
Likes:
11 573
VERY HIGH
Rating:
4.80
VERY HIGH
Followers:
32 633
VERY HIGH
Tweets:
890
VERY HIGH
Fake Users Detected:
46.29%
30 Days Growth:
7093
Members:
134 158
VERY HIGH
30 Days Growth:
-8483

Burency Team

Verified 4%

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

MOHAMMAD MAZEN
Founder / CEO
unverified
MOUAYAD YOUSEF
Co-Founder / COO
unverified
REEMA HARHASH
CFO
unverified
SAIF AL ANAZI
Business Development Director
unverified
HUSSAIN AHMED
Financial Analysis Director
unverified

8 ICO

$20 500 000

CAL EVANS
Project Manager
unverified
MOAATH ALTHUBAITI
Gulf Relations Manager
unverified
KHALID ALMUTAIRI
Mining Farm Manager
unverified
KHALED ALDROUBI
IT Manager
unverified
ANAS ABDULSALAM
European Relations Manager
unverified
MOHAMED MOSTAFA
Financial Manager
unverified
QUSAI AL SHAREF
Business Development Coordinator
unverified
ANDI GUGU
Creative Director
unverified

19 ICOs

$63 951 511

QUENTIN HERBRECHT
Marketing Coordinator
verified
AYHAM ALQARYOUTI
Gulf Area Sales Manager
unverified
YAMINA TUFFERY
Market Research
unverified
MOUHAMMED ALAHMMAD
European Relations Assistant
unverified
MIKE YEZHOV
Blockchain Development Supervisor
unverified
ASSAD RIZQ
Media / Advertising Executive
unverified
ANATOLII TRAKHANOVSK...
Software Developer
unverified
MARIA SYROTIUK
Web Developer
unverified
IVAN MOROZ
Front End - Blockchain Developer
unverified
OLEG BELL
Senior Blockchain Developer
unverified
NIKITA SVYNITSKIY
Blockchain Developer
unverified
MAX OSTAPENKO
Blockchain Developer
unverified
PAVEL TRIN
Blockchain Developer
unverified
ANDREW GER
Senior Blockchain Developer
unverified

Advisors

Verified 22%

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

JOHN MCAFEE
Advisor
unverified

9 ICO

$37 271 215

ALY MADHAVJI
Advisor
unverified
DR MOHAMED AL HEMAIR...
Advisor
unverified

5 ICO

$13 476 340

JEN BUAKAEW
Advisor
verified
ALICE HLIDKOVA
Advisor
unverified

3 ICO

$10 300 000

LUCAS CERVIGNI
Advisor
unverified

60 ICOs

$115 314 691

NAVEEN KAPOOR
Advisor
unverified
SOPHIA HA HO
Advisor
unverified
UMUT KATIRCI
Advisor
verified

Burency Interviews

QUENTIN HERBRECHT
As a team member, сan you tell us about your role in the ICO project?
As marketing coordinator, I was in charge of the marketing and communication plan. Then ensure the operational actions and the follow-up of promotional activities.
What do you think about idea?
I am convinced that exchange insurance to protect investors will soon be a very large market.
Add to this the regulations favourable to the United Arab Emirates regarding the development of blockchain technology, Burency is positioned as the pioneer in its sector and creates a complete system to develop blockchain technology in the middle-east, and internationally.
UMUT KATIRCI
As a team member, сan you tell us about your role in the ICO project?
My name is Umut Katirci. Im from Istanbul, Turkey. I have joined as an advisor in this great project.
What do you think about idea?
Fully-Insured Cryptocurrency idea is amazing and I am sure that team will succeed in organizing this platform to become very successful.

Burency Last News

N/A
5.0 2
ICO Profile Vision Activity Potential Product Team
  • Because there may be time differences in information updates, accurate information about each ICO project should be verified through its official website or other communication channels.
  • This information is not a suggestion or advice on investing in ICO funding. Please thoroughly investigate the relevant information yourself and decide on ICO participation.
  • If you think there are issues or problems to be corrected on this content, or if you would like to submit your own ICO project to be listed, Please email us.
Please read the disclaimer and risk warning. Show disclaimer and risk warning.
Planning an ICO? We can help with a wide range of support for all stages of your ICO