BlockBank Token Sale (PreICO)
BlockBank Token Sale (PreICO)
Block Bank's mission is to revolutionize the banking industry to make credits more available and affordable even to the unbanked or under banked countries. Block Bank will serve as a crypto funded decentralized funding platform. Designed to serve as a funding source focused on meeting human needs.
Block Bank has interbank relationships as well as accounts with three separate international banking entities. This is to provide interbank access as well as clearing services. This is a key element to enable Block Bank to fulfil its mandate and provide services to clients. Stellar.org will provide interbank connectivity solutions for Block Bank as a strategic partner.
This technology represents a powerful new tool for improving financial inclusion, potentially disrupting many financial institutions and increasing the efficiency of banks in the global economy.
The Block Bank concept is the first of its kind, a digital funding platform designed to serve human needs rather than profits alone. The platform will operate automatically online opening up low cost commercial products to previously unreachable markets.
Block Bank is one of the first worldwide crypto banks who will provide services to meet the global need for decentralized commercial funding.
The decentralized funding source will provide financial services in line with International Legislation (Base Ill) digitally and directly to commercial entities. Clients will benefit from bespoke funding products and low cost funding options, as well as International compliant banking and financial services.
Fiat money is a currency without intrinsic value established as money by government regulation or law such as USD EUR GBP. Block will be able to lend fiat money to businesses.
Cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Block Bank will allow businesses and institutions to lend and secure funding with cryptocurrency.
Block Bank will benefit corporate markets by providing access to low cost funding products in line with terms, conditions and legislations of their jurisdictions via the online branch and crypto exchange. Block Bank will provide custom products designed to meet needs and improve efficiency.
Block Bank will utilize blockchain technology to deliver products to customers through smart contracts. This means that the core banking system will perform much of its tasks automatically. Smart contracts will provide transparency to external parties and communities. Smart contracts also give Block Bank clients added security and trusted transactions.
Block Bank is the next generation of B2B banking. It puts its users in the position to make money and help people develop businesses. We do not offer personal accounts. We offer secured lending products and financial services.
DDAMS is a cryptographic algorithm built in the Ethereum blockchain which clients will use to submit their funding application into the core banking system. The DDAMS blockchain will store all banking information as well as a register of banking activity.
DDAMS will provide a streamlined protocol to deliver all client information to the core banking system to calculate product features in real time. DDAMS will also provide the crypto register of token holders, the route to claim their drawing rights on annual profits.
|Crowdsale Opening Date||
362 days ago
|Crowdsale Closing Date||
332 days ago