Convenience for the people
Forty Seven Bank has set out on a mission to create a universal bank that connects all the different payment providers and money management applications/wallets in one master account. This makes it a lot more convenient for users as they only have to manage one account where all their activities are gathered in one single place. You can still store your funds in different wallets and bank accounts, but all will be accessible through Forty Seven. A recurring problem for not only investors but especially companies is the uncertainty and fear of breaching laws and regulation. Forty Seven Bank aims to eliminate this issue by being compliant with laws and regulation so users of Forty Seven bank doesn’t have to worry or spent time on the matter, they can simply focus on going about their usual business. By utilizing the Forty Seven Bank application, everyone can seamlessly accept any kind of payments, including cryptocurrencies. Forty Seven Bank also provides a wide range of other services as seen below.
Features and the FSBT token
So what kind of products can users exactly expect from the Forty Seven application? First of all, private customers can enjoy a multi-asset account which stores that is tied to a card for easy usage. Easy spending of cryptocurrencies through their application. Identification and authorization services through their biometrics system and much more. Holders of their ERC20 token, FSBL, can enjoy benefits such as voting rights to investment projects. Forty Seven Bank is also launching a loyalty program around the holders of FSBT tokens. Every year, 20% of profits will be invested into the loyalty program issuing FSBL tokens which are worth 1 EUR in the Forty Seven loyalty shop. The FSBL tokens are going to be distributed to holders of FSBT tokens proportionally to have many they have of the total supply. Developers will need at least 1000 FSBT tokens if they wish to launch their applications on the Forty Seven Bank app platform. For businesses, it is required to have an adequate amount of FSBT tokens in order to use the automated services provided by Forty Seven bank. All of this is to create a natural demand for FSBT tokens in relation to the growth of the Forty Seven bank project.
To fund their project, Forty Seven bank is raising funds through an initial coin offering (ICO), selling their ERC20 token FSNT. This token is an essential part of the Forty Seven Bank ecosystem as specified above.
The token sale started the 16th of December 2017
The token sale ends the 31st of March 2018
212.7 FSBT = 1 ETH (Bonuses apply to different phases, current bonus 10%)
- Hard cap is 36.000 ETH
- Soft cap is 3.600 ETH
- No minimum or maximum contribution amount
To view the entire team, their advisors and to learn more about each member, visit their website: https://www.fortyseven.io/ or read their whitepaper here: https://drive.google.com/file/d/0BzvESRkgX-uDeHc1QjRzbHRBelU/view
If you find this project interesting and wish to learn more about it or their token sale, you can visit the following links below and read their whitepaper. To keep yourself up to date on the project, you can follow their social media accounts also linked below.
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