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#Finance All projects

BAANX: Cryptobank network disrupting Traditional Banks

Cryptobank network, enabling very rapid scalability of much needed services during a once in a generation business opportunity

stage Ended crowdsale

3.5 Rating

by 6 users


    Team

    12
    man Sean Salloux

    Mobile Expert

    MD/COO/Board & Banking, Mobile App Security expert with 25 years global tech experience in US, UK, Europe and Asia. Projects and new product launches for Master Card, Visa, Bank of America, & other banks/ FinTech in USA, Canada

    man Garth Howat

    CEO

    Successful Entrepreneur, Founder of 2 Successful Businesses, including FCA Licensed Consumer Lending Business. CF1 Regulated UK. Passionate about Fintech, Blockchain & bringing Cryptocurrency into everyday use.

    man Mark Evans

    Chief Regulatory Officer & acting-CFO

    FCA, MCT approved, UK chartered accountant) 25+ years in banking regulation and compliance, CFO finance experience at Senior level. JP Morgan, Commerzbank, Union Bank of Switzerland.

    man Chris Coulthrust

    CTO

    25+ years as CTO and CIO with investment banks, lending institutions and software. National Finance Corp., Vistaar. Founder of 40+ staff software company, for PLC, and bitcoin minor.

    man Barry O’Donohoe

    Raidiam- Co-Founder

    Lead Security Architect, Baanx. 20+ years experience. Web & Mobile for retail banking, Open Banking & PSD2, etc. Royal Bank of Scotland (RBS), Tesco Bank, Open Banking. Org & top global banks.


    Advisors

    4
    man Victor Chow

    CEO, M&A Advisor

    Venture Capital leader, Entrepreneur, NAGA & ICO Advisor, Partner in Blockchain Financial Services Innovation

    man Benjamin Theobald

    Advisor

    Board Advisor Micromoney International, CEO, Co-Founder and Entrepreneur with strong Marketing experience.

    man Jonathan Chang

    Banking Advisor

    ANZ Bank. COO Nauticus Blockchain, Cryptobank & Ecommerce Solutions with 300 Cryptocurrencies on their Exchange.

    man Bryan NG

    Advisor

    CEO Nauticus Blockchain. Extensive Banking, Accountancy & Entrepreneurial Experience.




    Crowdsale details

    Distribution of tokens
    • Crowdsale (56%)
    • Reserve (locked for 12 months) (12%)
    • Advisors (locked over 12 months with buy back) (6.4%)
    • Early Investors, Team & Developers (Locked up to 30 months) (16%)
    • Marketing (mainly post-ICO and with bounty buy back offer) (9.6%)
    Budget allocation
    • TECHNOLOGY (26%)
    • MARKETING (23%)
    • LEGAL (5%)
    • LICENSES (22%)
    • BANK OPERATIONS (15%)
    • RESERVE FUND (9%)
    Details Indicators
    Token Symbol BAANX Coin
    Full Token Name BAANX Coin
    Pre-sale Start May 1st, 00:00 GMT+03:00
    Pre-sale End May 24th, 00:00 GMT+03:00
    Pre-crowdsale Start May 24th, 00:00 GMT+03:00
    Pre-crowdsale End Hard cap is reached or July 1st, 00:00 GMT+03:00
    Pre-crowdsale Hard Cap Fixed, $4800000
    Crowdsale Start July 1st, 00:00 GMT+03:00
    Crowdsale End Hard cap is reached or July 15th, 00:00 GMT+03:00
    Crowdsale Hard Cap Fixed, $36850000
    Crowdsale Soft Cap Yes, $1000000
    Token type utility token
    Domain owner Individual

    Cost of the token

    1 token for 0.125 $

    Price without discounts

    Bonuses

    Pre-sale:
    First $1m = 60% Bonus

    Pre-crowdsale
    Bonus Dates Minimum purchase amount
    35% June 21 — July 01, 2018

    Accepted currency

    • Fiat


    Rate the project

    Estimate the project on a five-point scale or switch to the simple scale

    Five-point scale Simple scale

    Relevance of the problem and Market size

    1 2 3 4 5

    Product competitiveness

    1 2 3 4 5

    Founders, Team & Advisors

    1 2 3 4 5

    Budget allocation and roadmap

    1 2 3 4 5

    Token economy, Tokenization & Business model

    1 2 3 4 5

    Distribution & Lock up of tokens, Discounts for early buyers

    1 2 3 4 5

    Summary rate the project

    1 2 3 4 5

    Rate the project by other users

    6
    Alexandr Gonchar August 09, 2018
    Rating of project
    4.3

    Advantages

    The goal of the project is to ensure access for everyone to full-featured crypt-currency banking services that would be necessary in the following years and at the same time encourage worldwide adoption of the cryptocurrency in personal and commercial services. Using Blockchain technology and representing a decentralized Crypto-Financial Services and Cryptobank Network, Baanx.com will be able to offer secure, fast, better, cheaper full-service banking, payments, deposits, investment and credit services, and better savings opportunities. Baanx has an organization that has access to all the necessary financial licenses and a unique team of exceptionally experienced leaders in their fields who are based in London, Sheffield and New York.

    Risks and disadvantages

    Despite the complexity of the task, practically this project has no shortcomings. First of all, they have work experience and already implemented programs. In addition, the most important thing is the ability to obtain licenses for financial activities with cryptocurrencies, and the same can't be said about similar companies.

    Comments

    I am sure that this project will be successful and it will accomplish big results. Besides to the experienced team and working units, this project has everything to become the leader in the financial service delivery field in the cryptocurrency ecosystem.

    Denys Serhiichuk June 03, 2018
    Rating of project
    3.0

    Advantages

    The main document - Whitepaper is detailed enough, consisting of 67 pages, where the idea of the platform is clearly described. Besides that, there is also a ''light'' version - Shortpaper. Another strong advantage is the team and its advisors.

    Risks and disadvantages

    16 % of all tokens are kept for the team and developers. That is a bit high. I wish that index more lower, as the token rate can be manipulated on the market. I wanted to see some partners, at least related to banking sphere.

    Comments

    The idea of cryptobank is not a new. There are lots of competitors in this area, projects, which are more successful and have a working product already. If the team releases and application for IOS and Android, the project can be considered as one, that has serious plans to develop the product.

    Anne Bryn May 21, 2018
    Rating of project
    3.3

    Advantages

    Tokens which belong to advisers, team, developers, early investors and reserve are subject to a lock up period, I think it will ensure market stability. There is a useful information about organizations interested and the types of possible partnerships.

    Risks and disadvantages

    I cannot understand why this project only accepts fiat and no cryptocurrencies. Unfortunately information about potential partnerships is not presented on the roadmap. I would prefer to see more detailed roadmap.

    Comments

    Investors can see that team's incentives are aligned with theirs. I hope we'll witness successful development of this project until this year ends, but we shouldn't forget about competition.

    Sofia Medda May 17, 2018
    Rating of project
    3.7

    Advantages

    We can read CEO`s message in the Whitepaper. I think this part is important because many things depend on this person`s ability to make the right decisions. And he`s ready to have a conversation with investors and answer the questions. The project has a detailed plan of realization depending on the amount of raised funds. I think it`s a useful information for investors.

    Risks and disadvantages

    Pre-Sale starts with a 60% Bonus, which is not good for token`s value after some time.

    Comments

    It seems like the team is confident about success of the project and they have a good plan. I think offered solutions will be useful for cryptocurrency holders.

    Jordan Semanda May 17, 2018
    Rating of project
    3.0

    Advantages

    The nature of the business is unique and will provide the project competitive advantage. This project has a good token economy which includes locking of tokens for a period of time because then they increase value and the investors will realise some profit and will prefer to not liquify all there digital assets.

    Risks and disadvantages

    Sustaining the project should be highly considered because looking at the road mapits details do not show a planned work flow of events to follow after the last stage.

    Comments

    The probabilityof sucess for baanx is high and with the maintenance of the presented details even competition will be suppressed.

    William Anderson May 16, 2018
    Rating of project
    3.8

    Advantages

    Baanx carrys out the token hold function and also the reserved tokens are locked up for some time which means that the proprietors are committed to the cause. The token economy is accurate and increase o chances of profitability.

    Risks and disadvantages

    The project is most likely to face a difficulty in accumulating the required hard cap because of the cryptocurrency being used and this will definitely affect affective progres. The competition is high in the market.

    Comments

    Investors should be very inquisitive on finding out about the token hold function of the project because this information is important in a way that one can determine whether or not a particular project is a scum.

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