Why is MyCryptoBank?
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mycryptobank, where this project uses an online bank cryptocurrency system that allows clients to perform various traditional bank operations easily and safely.
The following information, special news about this project, especially for you is also special.
see the review below:
MyCryptoBank is an online bank that allows every client registered in an electronic bank system to make various bank operations, additional operations with cryptocurrency (payment processing, debit cards, credit and cheap investment products, use of cryptoassets as credit security and many others) based on Blockchain technology without department visit. So, MyCryptoBank provides remote client access services to bank accounts, products and services to make banking operations.
MyCryptoBank offers its clients a multifunctional banking service platform, representing hybrid systems that combine digital and traditional currencies. The use of digital currencies makes operations faster and cheaper, while traditional currencies guarantee practical acceptance and validity. One account combination allows clients to simultaneously use profits from both types of currencies.
Why is MyCryptoBank?
Now, in the FinTech field there are many blockchain-startups, the idea of cryptobank is being investigated many times by different teams, some of whom have already carried out their own ICOs.
At the same time, the effort of its creation has always been unrealized until the end, we can state that now, there is not a single crypto-business function in the world.
The lion's share of these projects fails at the stage of receiving bank licenses to work with cryptocurrency in the Eurozone and the United States - the choice of these countries is conditioned by the desire to demonstrate reliability before the client. However, local regulators do not give any licenses to banks to work with cryptocurrency.
We comply with the rules in MyCryptoBank and in contrast to the largest share of competitors, we share the process of accepting bank licenses and licenses to work with cryptocurrency which brings us legally to work both with banknotes and cryptocurrency.
May 7, 2018, the company, which is a member of a financial holding, is aware of the MyCryptoBank project, receives a license in Estonia for cryptocurrency and turnover and maintains virtual values:
Virtual currency exchange service provider for fiat currency № FVR000139;
֍ MyCryptoBank benefits before a traditional favorite bank is clearly visible and displayed in the following table:
֍ Comparative analysis of MyCryptoBank with other cryptobanks:
MyCryptoBank Ecosystem
The main service, available to all MyCryptoBank clients:
- Wallet (cryptobank cellphone);
- Bank card and Payment Ring;
- Cryptocurrency / cryptocurrency exchange, cryptocurrency / fiat;
- Transfer money to the whole world;
- P2P financing and loans;
- Cryptocurrency obtains;
- Crypto-ATMs and cryptomachines;
- Percent deposit;
- Forex trading;
- Legal consultations and services, including taxes;
֍ Wallet (cellphone cryptobank)
This is a mobile application, representing a set of payment services for its clients. Services include virtual card payment system emissions. Until this bank receives a license, this service will be carried out with the participation of bank partners but soon, MyCryptoBank will be able to issue cards independently.
֍ Bank Card and Payment Ring
Et Debit Card
In order to make cryptocurrency transactions in the payment system network will be issued virtual cards Visa, Mastercard and UnionPay and Apple Pay cellular services, Samsung Pay or Android Pay will also be interested. This allows not only to pay via standard POS-terminals with PayPass, payWave, support and QuickPass sites, accept bank cards for payments but also withdrawals or cash deposits through ATMs, working with paypass payments.
Payment Ring
MyCryptoBank also plans to issue payment rings - analog paypass cards, integrated into the bank's payment system and allow to make payments similar to bank cards. Miniature chips (NFC modules) are integrated in a ring like in a paypass bank card. To make payments, it is enough to bring the ring to the payment terminal and the required amount will be written off.
Digital Multi-card
Digital Multi-card is a complete replacement for a typical wallet. This allows attaching multiple cards: debit, credit, discounts, gift cards or even fitness club cards etc. In other words, any card can be bound with a BAR or EMV-chip code.
MyCryptoBank Token (MCB)
MCB TOKEN is a central element of the MyCryptoBank segment, integrating all components of the financial ecosystem. All ecosystem tokens will be issued on ICO trips, without the possibility of additional emissions after ICO completion.
To get status, the rates below will be applied at the end of the ICO:
Selection of platforms for MCB tokens
Possibility to make smart contracts and decentralized applications (DAPP): MCB tokens are smart contracts, which are used in various bank applications. Each application is decentralized, consisting of 2 basic parts - smart contract and user interface (UI), simplifying the communication procedures between users and contracts.
Scalability: The client base of several banks contains millions of users, who need the fastest possible scale
Transaction costs: If a client is asked to pay for additional blockchain network fees, it will rearrange bank development and client database growth. Thus, the blockchain platform with almost zero transaction costs must be chosen for implementation.
Contract toughness and smart applications (DAPPS): Bank products and software must keep up with the times and develop continuously, which requires software updates and security patches that are possible without hard forks.
Parallel determination: Many bank applications make large calculations, so parallel computing is needed to speed up applications.
Transaction confirmation time: Minimum time for transaction to get confirmation in sufficient amount and become irreversible.
Interoperability with different blockchain architectures: Possible interoperations with different blockchain assets - an important feature, needed for configuration of banking solutions, supporting multicurrency services.
The MCB token is issued on the EOS platform, which is currently the only platform, according to all the criteria listed. EOS is based on the consensus algorithm of Delegated Proof of Stake and Byzantine error tolerance modifications. Current consensus algorithms ensure low transaction costs, high application execution speeds and have proven reliable in networks such as Bitshares and Steem. In addition, EOS supports the possibility of internetwork communication (Inter Blockchain Communication), facilitating the development of multicurrency banking applications.
Fund Distribution
- 65%: Distributed among ICO participants
- 10%: Saved for the project team
- 3%: Allocated for the development of a Bounty campaign
- 7%: Distributed between partners and experts
- 15%: Reserve fund
- 30%: Blockchain Platform Development and Integration
- 20%: Marketing and Development of the Partner Network
- 20%: Obtain banking licenses and maintain bank liquidity
- 10%: Development of crypto ATM networks with fingerprint identification and facial
- recognition functions10%: Innovative product development
- 10%: Infrastructure development
Order and rules for conducting ICO
During the ICO MyCryptoBank the MCB token will be issued. The price of the basic token will generate 0.2 USD dollars. All ecosystem tokens will be issued in the ICO in a maximum amount of 795.5 million MCB.
After the completion of the ICO, the MyCryptoBank token (MCB) will be used in the internal ecosystem.
The stability of the МСВken tokens together with the progressive development of the project made it attractive not only to obtain investor status privileges, but as an investment tool as well.
Investments will be made through the allocated platform, ensuring transparency of the entire investment process: follow-up of assets and tokens sold in real-time.
NOW AND ARE THE INFORMATION DESCRIPTION THAT GIVES YOU A SPECIAL FOR THIS PROJECT EXPLANATION LOOK AT THE SITE BELOW:
AUTHOR:Wa2y
BTT profile link: https://bitcointalk.org/index.php?action=profile;u=2178171
Eth: 0x26c9797CCb45C63D9fb43f8df9bf8Fedd48Dd933
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