forty seven bank ico

Forty Seven Bank ICO

Round 1 | November 16 – December 16, 2017 

Forty Seven is a token that represents a part in Forty Seven Bank’s infrastructure and grants the wielder a priority place in the bank’s loyalty program. Holders of FSBT tokens have the right to receive yearly bonuses in the form of FSBL – Forty Seven Bank loyalty tokens. Besides that, FSBT tokens are a crucial economic part of Forty Seven Bank’s ecosystem – they will be needed in order to access the full range of products and services. After the crowdfunding campaign is finished, FSBT tokens will be available for trade at various cryptocurrency exchanges.

Forty Seven ICO Information

Token TypeEthereum ERC20
Token SymbolFSBT
Total Number of FSBT55,319,149
Minumum Cap18,000 ETH (5M EURO)
Maximum Cap180,000 ETH (50M EURO)
Cryptocurrencies AcceptedETH BTC
Max Token Sale Cap155,172 ETH
Token Distribution90% - Contributors
5% - Founders
5% - Bounties
ICO round 1November 16 - December 16
Round 1 Bonus+30%
ICO Round 2, Round 3Q1 2018 - TBD
Avatar and signature campaign25%
Commiunity management campaign20%
Translations campaign15%
Media support campaign10%
Unique support10%
Blogging campaign5%
Bug tracking campaign5%
Facebook campaign4%
Twitter campaign4%
Telegram campaign2%

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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