The mission of Forty Seven Bank is to create innovative, flexible and open Application Platform for financial technology developers, who will be able to operate under the roof of Forty Seven Bank, having access to banks infrastructure and customer base. We will give opportunity to developers with small or medium capital to create white label applications which will be able to compete with traditional banks. Our Bank as a Service (BaaS) solution will disrupt financial sector of the European Union by reducing barriers to entry the fintech market.
Tools and services for external developers
The featured product is a Multi-Asset Account for private customers with a tied card.
Opportunity to provide Forty Seven banking services under your own brand (white label)
API access that allows the development and implementation of modern financial services based on Forty Seven infrastructure and processes
Holding DevDays conferences for independent developers
A showcase of financial applications using Forty Seven API.
Emission of tokens
What is a Forty Seven Token: Forty Seven Bank Token (FSBT) is a cornerstone of Forty Seven Bank infrastructure. FSBT tokens will be demanded by partners-developers in order to be able to upload their fintech applications into Forty Seven Bank App Platform. FSBT will also be demanded by businesses in order to improve the effectiveness of financial and operational activities via smart contracts. For private customers FSBT tokens will give several benefits in using Forty Seven Bank products and services, as well as token holders will be top priority customers of the bank according to loyalty program and will get loyalty rewards on yearly basis based on performance of the bank. After the crowd-funding campaign is finished, FSBT tokens will be available for trade at various cryptocurrency exchanges.
Abbreviation: FSBT.
Control over emission: is provided by the system of interconnected smart contracts.
Actual rate: 1 FSBT = 0.0047 ETH (including current bonus).
Maximum amount of tokens to be generated: 5 555 555 FSBT (incl. bonus tokens, tokens for bounty and founders).
Softcap: 3 600 ETH.
Hardcap: 18 077 ETH.
Accepted currencies on ICO: ETH, BTC.
ICO: now – 30.04.2018.