From day to day cryptocurrencies penetrate deeper into our lives. The increased cryptocurrencies popularity and their large-scale distribution caused the accumulation of these digital assets in the users` hands. The restrictions in their use led to the emergence of cryptobanks. This phenomenon is also linked with the fact that in the banking sector the blockchain technology due to its “nature” allows to introduce the most significant changes. The potential volume of the crypto-banking market is so huge that today it is almost one of the most attractive investment areas.
Please Note: This is a Press Release
Taking into account the enormous potential in the development of cryptocurrency banking, the creators of the International Crypto Bank Coin project decided to move away from the traditional idea of a cryptobank and to bring something new into this sphere, devoting themselves to creating a unique blockchain platform. ICBCoin will be one of a kind cryptocurrency platform, presenting traditional banking products and services implemented with the use of cryptocurrencies, along with such features like forging, electronic wallet, explorer and a private exchange. And this is far from the whole functionality of the platform, which can be significantly expanded by means of built-in support of additional applications.
New ICBCoin cryptoplatform and its capabilities
ICBCoin is a new generation blockchain platform that will allow its users to receive traditional banking services in the cryptocurrency, get additional benefits through forging and earn money by trading the cryptocurrency on the internal exchange. The ability to obtain ICBCoin cryptocurrency through its forging, which is a more affordable analogue of mining due to the fact that its implementation does not require expensive equipment and significant investments, will attract additional attention of crypto-enthusiasts to the platform. This will also be due to the opportunities that will be provided by the ICBCoin platform coins for their owners, but we will talk about it a bit later.
It should be noted that the main purpose of the ICBCoin platform is the cryptobank, whose functionality is significantly expanded. Accordingly, such traditional banking services as payments, as well as such products as deposits and loans will be available for users of the platform. However, as mentioned above, the ICBCoin creators move away from the stereotype image of a cryptobank, so even the listed banking services are implemented within the platform not in a standard way.
In addition to the fact that the use of cryptocurrencies for making money transfers allows them to be made worldwide as quickly as possible and with a minimum commission, their implementation through the ICBCoin platform will further protect the process of redirecting crypto assets. This is due to the fact that payments within the platform are divided into two types: the first, simple one, is completely transparent to all users, and the second, the private one, is reflected in the ICBCoin browser as a set of random numbers. The e-wallet, which will be available both in the web-version and for Windows and MacOS, will allow the users to store and accept cryptocurrency with its subsequent conversion through the internal exchange into the platform coins, and the built-in ICBCoin explorer will allow to view information about transactions and account status.
Deposits and loans are directly linked to the platform coins, which are presented in three forms: “Gold”, “Silver” and “Credit”. All of them are manifestations of the international Crypto Bank Token (ICBT). So “Gold” is the main coin of ICBCoin, which can be withdrawn and changed to some other cryptocurrency, it will be possible to earn on its purchase/sale through the exchange, forging as well as through deposits and transfers. “Silver” is an internal coin of the platform, which exists for an exchange exclusively for “Gold” and “Credit”, but not for any other cryptocurrencies. However, it is possible to forge this coin, as well as to use it for depositing and crediting within the platform. When issuing a credit, the “Silver” coin is transformed into the “Credit” coin and one may obtain income from it selling it on the domestic exchange or on the deposits.
Thus, within the platform, the “Silver” coins are used to provide a credit, which, after being turned into the “Credit” coins, are blocked on the creditor’s account with a transfer to the credit customer`s account. The interest is paid in advance and the credit amount is debited automatically at the end of the credit term. Deposits within ICBCoin are provided both in the “Gold” and “Silver” coins, depending on which the size of their annual rates varies, interest is paid daily in both cases. It is worth noting that the interest rates here are significantly higher than the rates for traditional bank deposits, which can potentially bring significant benefits for ICBCoin depositors.
ICBCoin platform token
Based on all that has previously been said, it’s safe to say that the ICBCoin platform, thanks to its many opportinities will be exclusive, including due to its token. The International Crypto Bank Token (ICBT) is a token issued on the Ethereum blockchain based on the ERC20 standard in a limited amount, which is a “useful” token, because it is aimed at ensuring the proper functionality of the platform and maintaining its operation. Of course, the ICBT token holders will be able to take advantage of all the ICBCoin platform features after the exchange of the ICBT for the ICBC cryptocurrency on the internal exchange with a yield of up to 55% per annum. Also, the ICBT owners will be able to sell them on the largest cryptocurrency exchanges, in the listing of which the ICBT will be added after the end of the ICO, thereby obtaining speculative profits. It is worth noting that 5% of the total amount of the issued tokens are allocated to the referral program, so anyone who attracts participants to the ICO will receive a reward in the form of the ICBT.
At the moment, from May 21 to June 11, the presale of the project tokens is held, within which investors are given a maximum bonus of 70% of the token price, which is 0.003 ETH per one ICBT. The minimum investment threshold is 10 ICBT throughout all stages of the sale. Further, only the size of the bonus for the token sale participants will vary, which will be alternately 60%, 50% and 40% within the three Pre-ICO periods, and 30%, 20% and 10% in the ICO period, by the end of which it will be possible to buy the ICBT token only at a full price. Applying such terms of the tokens sale, the ICBCoin creators stimulate to the purchase of their cryptocurrencies in the earlier stages of the tokensale, because that is how the investor will get the most profit. The demo version of the platform is ready now and its interface is presented on the ICBCoin official website, the process of its testing and debugging is currently being carried out. The funds collected within the presale are planned to be directed at a large-scale marketing campaign, that coupled with a ready demo version will allow the platform to take its niche in the market and find its audience very soon.
The post ICBCoin Conducts ICO to Launch a Multifunctional Platform for Cryptocurrency Banking Services appeared first on Blockonomi.