BLOCK BANK - Bespoke commercial banking

Block Bank is one of the first worldwide crypto banks who will provide services to meet the global need for decentralized commercial funding. The provision of secured financing with appropriate risk controls will provide emerging economies the finance they need to develop. With a decentralized online platform the funds will be available easily anywhere in the world. Crypto Banks will become the basis of a new decentralized economy due to the expanding payment possibilities, minimum taxes, improved speed and enhanced security. We believe banks tomorrow will look totally different from banks today.

The financial projections are based on business revenues which have been calculated from sales projections on a monthly basis as well as pre-contract agreements and letters of intent from partners. Block Bank revenue consists of fees and interest charged on lending and all other products. Due to the automation and unlimited scalability of the core system annual running cost will not change. Net profits are the amount the bank will generate after paying expense on an annual. Payment distributed to token holders via smart contract.

How to make money with Block Bank?

Here is an example:

Simon gets his referral code. In Simon's network his friend Joe needs money in amount of $100,000 for his business. Simon gives Joe his referral code and tells him to apply with Block Bank to get the money he needs. Joe applies for the money he needs and is offered a commercial loan. The Fees for Joe's commercial loan are $6169.00. Joe pays his fees and receives his commercial loan of $100,000.00. Simon is now entitled to his commission of $1850.7 which is 30% of the fees.

Token Appreciation : Block Bank Token owners receive an annual bonus from a profit bonus pool, the bonus pool is 80% of annual net profits. Bonuses will be distributed on a quarterly basis.

Bonuses : All bonuses will be paid within 5 working days of last day of each quarter.

How Block Bank Tokens Gain Value Secondary market demand

To provide stable demand for BBRT tokens customers will need to pay their deposits with BBRT tokens. Previous ICO tokens have fallen significantly in demand due to their being on secondary market. For example, Sam has successfully applied for an Block Bank commercial loan at 90% loan to value for $100,000.00. To complete the loan application and receive his money he must make a deposit of $10,000.00. To do this Sam logs on to the Exchange purchases BBRT (Block Bank Reserve Tokens). Once Sam has his BBRT he can send them to Block Bank to pay his deposit. Block Bank confirms the receipt of Sams funds and releases his money.
Block bank tokens and coins will always be in circulation and in demand 

Because there is a limited supply of BBRT (Block Bank Reserve Tokens) as well as a continuous demand for funding. Block Bank token value will increase in line with the demand. The main reason for this is that Block Bank will only accept Block Bank Reserve Tokens as method of payment for Block Bank Services . A further benefit is that by securing your deposit in BBRT as the value of BBRT increases you can offset these increases against your lending.
Spare tokens will be held in reserve by block bank 

Any unsold Block Bank tokens will be held in reserve to provide funding for future partnerships and projects by the treasury.
White list que service for participants 

Investors will be allocated set periods purchase tokens to avoid congestion and allow everyone the opportunity to purchase tokens.
Know your customer 

As ICO markets evolve and begin to self-regulate, we believe transparency and security will only benefit the community for a long term. Block Bank investors will be required to provide relevant KNOW YOUR CUSTOMER INFORMATION. This will be used to protect investor's rights and provide transparency to future partners.

Token structure

Available for community: 28 800 000

Treasury: 8 000 000

Team + Advisory Board: 2 000 000

Bounty: 1 200 000

TOTAL MAXIMUM SUPPLY: 40 000 000

Total Circulating Supply: 30 000 000

Tokens to be listed with Binance and Ether Delta

Token distribution

Community 72%

Treasury 20%

Advisors 5%

Bounty 3%

Blockbank Advantage over Competition

The Business is flexible and because of the cloud based system clients can expect a bespoke customer service experience as well as bespoke products.

Disadvantages Compared to Competition: As the business is in its infancy there is a lack of ability to handle high volumes of business. As the business grows and the staff compliment expands the business will be able to handle and process larger volumes of business. 
Addressing Disadvantages Compared to Competition: The business will invest heavily in staff development as well as increasing the administration capabilities of the business. 

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Author cenatown