Forty Seven Bank ICO
Round 1 | November 16 – December 16, 2017
Forty Seven ICO Information
|Token Type||Ethereum ERC20|
|Total Number of FSBT||55,319,149|
|Minumum Cap||18,000 ETH (5M EURO)|
|Maximum Cap||180,000 ETH (50M EURO)|
|Max Token Sale Cap||155,172 ETH|
|Token Distribution||90% - Contributors|
5% - Founders
5% - Bounties
|ICO round 1||November 16 - December 16|
|Round 1 Bonus||+30%|
|ICO Round 2, Round 3||Q1 2018 - TBD|
|Avatar and signature campaign||25%|
|Commiunity management campaign||20%|
|Media support campaign||10%|
|Bug tracking campaign||5%|
|Forty Seven Community|
Interview with Forty Seven Bank
BitcoinChaser: What kind of problem, market deficiency or opportunity inspired you to launch your project, and how will your project address this?
Forty Seven Bank (FSBT):We are interested in changing financial sector in Europe thanks to new directives like PSD2 and thanks to innovation. We would like to make this revolutionary fintech project and provide umbrella banking services for fintech start-ups and developers.
BC: How will your project address this problem, market deficiency or opportunity in a unique way?
FSBT:We will create a bank that will unite cryptocurrency world and the world of traditional monetary finance. We will create a Forty Seven Bank App Platform for developers that will be able to use banking infrastructure (AML, KYC, scoring, etc.) and get access to our client base. We will substantially reduce barriers to entry the financial market for small and medium sized start-ups.
BC: How do you think competition will develop in this segment of the market following your ICO?
FSBT:Competition in banking sector of the EU is going to increase substantially over the following years, as lots of new players will join the market thanks to PSD2.
BC: For all those who have read your white paper and are still on the fence about contributing with your ICO, what can you tell them that could lead them to buy into your project?
FSBT:We invite contributors to join fintech revolution and create opportunities for developers and fintech start-ups to join the market that is currently monopolized by traditional banks that are not willing to change much and do not create additional value for customers, whereas their expectations are increasing all the time. We will become a platform for fintech start-ups as Apple AppStore is for mobile applications.
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