MYCRYPTOBANK

MYCRYPTOBANK - CryptoBank For Crypto Community

Hello to all readers of my blog. Today I would like to present to your attention an overview of another very promising campaign. Go.

INTRODUCTION

Every third person in the world who practices digital activity is a constant user of FinTech services now. So, FinTech as the financial future no longer looks like a speculative scenario. The latest data shows double digit adoption technology growth in the last 18 months. The leading countries and industries in 2015 only partially increased. The most active method of money transfer and payment is developed. According to FinTech Adoption Index 2017 study, of 22,000 people interviewed in 20 countries, 50% use the service to make payments and transfers and 65% will do so in the future.

One direction determines the future of bank business, is banking based on BlockChain technology. This technology is much faster, more efficient and less erroneous than a traditional automatic clearing house (ACH). BlockChain can save time and money for banks and make practical payments to users. However, the decentralized nature of BlockChain significantly disrupts the performance of fraud and criminal operations.

Smart Contracts are one of the most attractive elements of BlockChain banking. This Intelligent Contract allows users to change money, shares, and other assets in a safe and conflictless manner. Like a traditional contract, the Smart contract defines the terms of the agreement and the penalty for its performance. However, the most important is that this intelligent contract automatically meets the laws of the rules.

The popularity of digital banking in the world is not slowing down. Convenience, speed and security are not just additional benefits for users, they are standard requirements in the modern “Client Bank” relationship.

Currently, the demand for digital money is very high. Digital Currency The internet, safe, based on the internet, accessible currencies, helps everyone without a bank account in getting access to funds and also enables quick and cheap fund transfers without any geographical restrictions. The popularity of smartphones in developed countries and the speed of their expansion in developing countries allows companies like MyCryptoBank to offer full banking platform services. We can use it only with smartphone devices and debit cards.

WHAT IS MYCRYPTOBANK (MCB)

MyCryptoBank is an online bank allowing any client registered in the electronic bank system to make a full range of bank operations, additional operations with cryptocurrency (payment processing, debit cards, credits and cheap investment products, use of cryptoassets as credit security and many others) based on Blockchain technology without visit of department. So, MyCryptoBank provides services of client’s remote access to accounts, products and bank services in order to make banking operations.

MyCryptoBank offers its clients a multifunctional platform of banking service, which represents a hybrid system combining digital and traditional currencies. The use of digital currencies makes operations faster and cheaper, while traditional currencies guarantee practically all-round acceptance and validity. One account combination allows clients simultaneously using advantages of both types of currencies.

MyCryptoBank is intended to solve this problem. It will become the first bank for cryptocommunity,allowing clients to receive and send funds in cryptocurrencies and fiat money and also exchange between cryptocurrencies and fiat money inside the bank. With MyCryptoBank it will be possible to create deposits, receive loans and credits. The bank will create an infrastructure which will allow setting acquiring and merchants for goods payment for companies and online services. Clients will be able to receive bank cards and with the help of it they will take available funds through any ATM in the world and also pay in shops, restaurants etc.

For client convenience,the bank plans to install ATM and crypto ATM, assisting in making operations on cryptocurrency purchase and cash receipt with minimum fees. In the usual sense, it will be typical bank with the whole range of services but loyal to cryptocurrencies and cryptocommunity. It will give an undeniable advantage over other financial institutions, attract many clients and their funds for creation of bank’s positive liquidity and allow supporting and developing all products of MyCryptoBank.

WHY MYCRYPTOBANK?

Now, in the sphere of FinTech there are a lot of blockchain-startups, an idea of cryptobank is investigated many times by different teams, some of them have already performed their own ICOs.

At the same time, its creation attempts always become unrealized up to the end, we may declare that now, no one crypto-business fully functions in the world.

The largest part of these projects failed at the stage of bank license receipt for work with cryptocurrency in the Euro-zone and USA – these countries choice was conditioned by any wish to demonstrate its reliability before clients. However, local regulators do not give banks any licenses for work with cryptocurrency.

We meet the rules in MyCryptoBank and in contrast with the largest part of competitors, we share our processes of bank license receipt and license for work with cryptocurrency that leads us legally to work both with fiat money and cryptocurrencies.

MYCRYPTOBANK TARGET

• MyCryptoBank will become the first in the world autonomous multifunctional platform of banking services, combining digital and traditional currencies, intended to solve such problems as freedom of cryptocurrency purchase/sale, transfers of fiat funds for token purchase and further fund transfer all over the world without any risk of blocking accounts, confirmation of validity of funds, received from cryptocurrency sale and further its use.
• MyCryptoBank will become a fully digital bank, accessible all over the world and at any moment. It will conduct all functions of a typical bank but without any bank departments and front-offices maximum relying on new digital technologies. This will allow MyCryptoBank to become one of the most inexpensive banks in the world with a very profitable level of cost-to-profit ratio.

MYCRYPTOBANK FEATURES

• MyCryptoBank offers its clients a multifunctional platform of banking service, which represents a hybrid system combining digital and traditional currencies.
• The use of digital currencies makes operations faster and cheaper, while traditional currencies guarantee practically all-round acceptance and validity.
• One account combination allows clients simultaneously using advantages of both types of currencies.
• MyCryptoBank meet the rules by sharing their processes of bank license receipt and license for work with cryptocurrency that leads them legally to work both with fiat money and cryptocurrencies.
• The licenses allow the right persons to render services on change, turnover, transfer and keeping of cryptocurrencies and other virtual values for clients from any point of the world, both in representative offices and remotely through modern channels of communications.

PLATFORM SELECTION FOR MCB TOKEN

• Possibility to create smart contracts and decentralized applications (DAPPs): MCB token is a smart contract, used in various bank applications. Each of the applications is a decentralized one, composed of 2 basic parts — the smart contract and the user interface (UI), simplifying the communication procedure between the user and the contract.
• Scalability: Client base of some banks contain millions of users, requiring possible fast scale
• Cost of transactions: If clients are requested to pay the additional blockchain network fee, it will set back the bank development and the client database growth. Thus, the blockchain platform with the close to zero cost of transactions should be chosen for implementation.
• Updateability of smart contracts and applications (DAPPS): Bank products and software should keep up with the times and develop continuously, which requires possible on hand update of the software code and security patch with no hard fork.
• Parallel tasking: Many bank applications make huge computations, thus there is need of parallel computing to speed up the applications.
• Time of transaction confirmation: Minimum time for the transaction to get sufficient number of confirmations and to become irreversible.
• Interoperability with different blockchain architectures: Possible interoperation with different blockchain assets — an important feature, required for banking solutions configuration, supporting the multicurrency service.

MYCRYPTOBANK SERVICES

MyCryptoBank provides services of client’s remote access to accounts, products and bank services and allows performing all bank operations:

• Wallet (mobile cryptobank).
• Bank card and Payment Rings.
• Exchange of cryptocurrency/ cryptocurrency, cryptocurrency /fiat.
• Money transfer all over the world.
• Financing and loans P2P.
• Cryptocurrency acquiring.
• Crypto-ATM and cryptomachines.
• Deposit percents.
• Forex Trade.
• Consulting and legal services, including taxes.

Wallet (mobile cryptobank)

This is a mobile application, representing a set of payment services for its clients. Services include emission of virtual cards of payment systems. Until this bank receives a license this service will be performed with the participation of bank-partners but soon, MyCryptoBank will be able to issue cards independently.

Bank Cards and Payment Rings

Debit Cards

To make cryptocurrency transactions in payment system trading networks will be issued virtual cards Visa, Mastercard and UnionPay and mobile services Apple Pay, Samsung Pay or Android Pay will also be attracted. This allows not only paying through standard POS-terminals with PayPass, payWave, QuickPass support and sites, receiving bank cards for payment but also withdrawal or deposit cash through ATM, working with paypass payments.

Payment Rings

MyCryptoBank also plans to issue payment rings — a paypass card analog, integrated in bank payment system and allowing to make payment similar to a bank card. A miniature chip (NFC module) is integrated in the ring such as in paypass bank card. To make a payment, it’s enough to bring the ring to the payment terminal and the necessary amount will be written off.

Digital Multi-card

Digital Multi-card is a full replacement of typical wallets. It allows attaching several cards: debit, credit, discount, gift cards or even fitness club cards etc. In other words, any card can be tied up to it with a BAR-code or EMV-chip.

MYCRYPTOBANK VS TRADITIONAL BANK

MYCRYPTOBANK TOKEN (MCB)

MCB TOKEN is the central element of MyCryptoBank segment, integrating all components of the financial ecosystem. All ecosystem tokens will be issued in the course of the ICO, with no possible additional emission upon ICO completion.

DISTRIBUTION OF FUNDS

• 65%: Distributed among the ICO participants
• 10%: Kept for the project team
• 3%: Allocated for development of the Bounty campaign
• 7%: Distributed among partners and experts
• 15%: Reserve fund

• 30%: Development and Integration of Blockchain Platform
• 20%: Marketing and Partner Network Development
• 20%: Obtaining banking licenses and maintaining the bank liquidity
• 10%: Development of crypto ATM network with fingerprint identification and face recognition function
• 10%: Development of innovative products
• 10%: Infrastructure development

ORDER AND RULES FOR ICO CONDUCTING

During the ICO MyCryptoBank the MCB tokens will be issued. The basic token price will make 0.2 USD dollars. All the ecosystem tokens will be issued within ICO in maximum quantity of 795.5 million MCB.

Upon completion of ICO, MyCryptoBank (MCB) tokens will be used within the internal ecosystem.
МСВ token stability together with progressive project development makes it attractive not only for acquisition of the status investor privileges, but as an investment tool as well.

Investments will be done through the allocated platform, assuring transparency of the whole investment process: the real-time follow up of invested assets and tokens sold.

TOKEN INFO

• Token : MCB
• Platform: EOS
• Token Price: 0.2 USD
• Token for sale : 517,075,000 MCB (65%)
• Token supply: 795,500,000 MCB

INVESTMENT INFO

• Soft cap: 3,000,000 USD
• Hard cap: 100,000,000 USD
• Accepting: ETH, BTC, LTC, FIAT, BCH, EOS
• Restricted countries: United States of America
• Know Your Customer: Yes
• Whitelist: No
• Pre-Sale Starts 2 days, 5 hours from now
• Pre-Sale 07/16/2018 midnight – 08/16/2018 midnight
• Token Sale 09/10/2018 midnight – 10/14/2018 midnight

ROADMAP

TEAM

ADVISORS

FOR MORE INFORMATION PLEASE VISIT:

• Website: https://mycryptobank.io/
• Whitepaper: https://mycryptobank.io/docs/MyCryptoBank-white-paper.pdf
• Telegram: https://t.me/MyCryptoBank
• Facebook: https://web.facebook.com/Mycryptobank?_rdc=1&_rdr
• Twitter: https://twitter.com/MyCryptoBank
• Reddit: https://www.reddit.com/user/MyCryptoBank
• ANN thread: https://bitcointalk.org/index.php?topic=4484862

Author: Feryperrot

• My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1779284
• My Etherwallet: 0xa178385fCA8dd9D442F3A1E1F7a7c877F4Cf7F83