Token CCO & Commercial Coin Offering
28 800 000 tokens
28/02/2018 to 28/10/2018
Long Term Appreciation
BBRT owners can earn commercial demand backed of block bank net profits
Users can make up to 30% commission by connecting people in their network to Block Bank with a partner code
Interbank transactions can potentially take days for clearing and final settlement, especially outside of working hours. Blockchain transactions can reduce transaction times to minutes and are processed 24/7
All transactions being added to a single public ledger, any wallet addresses is random characters that cannot intrinsically be associated with a specific individual. This enables a high degree of privacy when required.
Security and integrity
Blockchain is maintained by a large network of participants, no one actor can easily gain enough influence to submit a fraudulent transaction or successfully alter recorded data. Users can trust that transactions will be executed as the protocol commands removing the need for a trusted third party.
High quality data
Blockchain data is complete, consistent, timely, accurate, and widely available.
Transparency and immutability
Changes to public blockchains are publicly viewable by all parties creating transparency, and all transactions are immutable, meaning they cannot be altered or deleted or recovered.
By eliminating third party intermediaries and overhead costs for exchanging assets, blockchains have the potential to greatly reduce transaction fees.
06 sept to 20 oct
IBC license Application preparation
11 sept to 15 sept
Block Bank CCO Package development
01 oct to 07 oct
IBC license Application preparation
02 nov to 30 nov
Initial payment and Training
Initial payment and Training on core banking software.
27 oct to 03 nov
Swift Network Alliance 2 application.
20 oct to 27 oct
Payment and submission
Banking license application payment and submission.
Launching CCO marketing campaign
Block Bank CCO marketing campaign launching.
26 jan to 09 mar
Banking License acquisition
Block Bank Capital CCO Launching.
Commission of DDAMs
Development of DDAMs System.
Commercial Loans Available
Processing of commercial loans.
how to make money
with block bank?
Token backed by
Commercial demand backed token earn
of block bank net profits
Director of Corporate Social Responsibility
Smart Contract Developer
Team Lead Frontend Web-developer
Web-developer, Symfony Framework
Cryptocurrency & crowdfunding Expert
Founder & CEO of "Illuminates" agency, proffesional crypto-advisor. Seasoned business analyst, blockchain and fintech expert with more than 10 years of experience in IT business.
Сrypto-journalist, Technical Writer
Сo-founder of the news agency Illuminates.today, professional crypto journalist and analyst, blockchain-evangelist and investor, professional miner since 2015.
Financial Markets and Securities Advisor
Stephen is a financial markets and securities advisor with over 30 years experience in the city of london.
Why is Block Bank better than conventional banks?
Block Bank is a next generation Bank and utilises modern technology to improve efficiency and security.
Why blockсhain is needed for Block Bank?
Block Chain Technology provides transparency for Block Bank clients and investors. This way clients can be assured of Block Banks activities and the security of their invests.
Block Bank also uses blockchain technology to streamline business activities and improve efficiency and security.
What can I do with tokens?
Tokens provide access to affordable commercial loans via the Block Bank platform
What are the project risks?
The main risk is not being able to be licensed Block Bank has already received decision in principle for Its regulated activities and will be fully licensed in February 2018 before the Block Bank Pre-CCO.
What if the client's default on loans?
All lending is secured on crypto and real world physical assets. Block Bank has specific risk management and lending criteria created to protect Block Bank from losses. In the event that a client did not fulfil their obligations in the credit contract Block Bank will issue legal proceedings and obtain warrant of possession over assets collateralized in the credit agreement.
Can everyone get loans? Selection criteria?
Block Bank Lending products are available to businesses only, lending criteria is assessed individually as to provide relevant products and services to clients.
Blockbank vs Conventional Banks?
Blockbank leverages blockchain technology to create a more secure network, with an immutable audit trail. Coupled with sophisticated encryption and transparent access, Blockbank enables complete security in a trustless environment; something conventional banks cannot achieve. By utilizing these advancements in technology, Blockbank enjoys cheaper, faster, and more accurate cross-border transactions, cutting out the middle men, and resulting in more effective commercial funding solutions. Our token economy enables all participators in our network to enjoy the benefits of global payments and international commercial funding, while increasing their income stream through the utilization of BBRT.
Why is Blockсhain Needed for Blockbank?
Blockchain technology enables Blockbank to work with smart contracts. Smart contracts automatically execute transactions upon the fulfilment of the terms in the agreement. This not only cuts out middle men, making the process faster and more efficient, it ensures accuracy, prevents tampering, and records everything immutably. This diminishes human error while increasing the efficiency of the process. Blockchain enables us to provide commercial, global funding solutions more simply, efficiently, and accurately — protecting your security at all times.
What Can I do with BBRT?
BBRT makes our system work simply from anywhere in the world. When you apply for a loan with Blockbank, you pay your fees using our BBRT utility token. This means anyone, anywhere in the world can access our global decentralized platforms, giving them access to low-cost commercial funding wherever they are. In addition, BBRT can be used as a payment mechanism. Token holders can benefit from discounts at participating businesses, while businesses can enjoy easier, quicker, and more reliable supply chain logistics and funding access. Tokens can also be exchanged via The Blockbank Exchange for FIAT or cryptocurrency.
What are the Project Risks?
At Blockbank, we think ahead. That’s why we have our risks well managed. At the start of 2018, our major risk was not being granted our banking license. However, we are now the first fully licensed bank on blockchain. All our commercial loan products are asset-backed, entitling each applicant a FIAT loan equalling up to 50% of the asset value. With these agreements locked into smart contracts, defaulted repayment issues are avoided, while all stakeholders enjoy transparency and security. Legal proceedings will be undertaken if issues expand beyond these measures.
Can Anyone Get a Loan?
Blockbank offers asset-backed FIAT commercial loans, meaning that individual people are excluded. Blockbank’s products are for businesses only, and are individually tailored per client. Our bespoke B2B loans are customised to fit, and locked into smart contracts to ensure security and transparency. Blockbank does not provide individual loans at this point in time.
Normative and legal Regulation?
Block Bank is an international Bank and will adhere to the Basel iii international regulations as well as the regulations of any jurisdiction of which Block Bank is conducting business.
How is the security of personal data guaranteed?
All information is secured under International Data Protection Law.