equity crowdfunding platform BnkToTheFuture will launch a public token sale in February 2018 to fund the building of a tokenized platform for equity tokens buying and selling. in keeping with a file by Bloomberg, the enterprise hopes to carry as lots as US$ 33 million in its preliminary coin offering (ICO).
Investor Profile, BnkToTheFuture
The company spoke of its new token, referred to as the BF Token (BFT), will support deal movement analysis, due diligence and investor relations on the platform.
it’ll furnish existing clients access to the platform’s multi-tiered membership for qualifying buyers to entry precedence deals. it will additionally act as a reward to different BFT token holders who habits, on behalf of the platform and group, due diligence on prospective offers, equivalent to sourcing possibilities or managing investor members of the family by way of giving popularity updates on a listed enterprise’s progress.
Simon Dixon, CEO of BnkToTheFuture, said:
“buyers want a trustworthy trading platform that offers first-mover entry to new investments while complying with regulatory necessities.
“we now have engineered the BnkToTheFuture platform to deliver this, together with the brought advantages of employing the latest know-how and incentives for individuals to make updates about investments, so traders can tune both the efficiency of their portfolios in addition to other equity-backed tokens they agree with to be prospective investments.”
Executives from Civic, Smith + Crown, Abra, BitAngels, Rootstock (RSK), Unocoin, Huobi, and others, have joined BnkToTheFuture’s token sale advisory board to assist the company launch its secondary market.
“while building BnkToTheFuture’s advisory board for our upcoming token launch, we sought leaders within the blockchain trade and those who have been consistently involved advocating for Bitcoin from very early on to support e-book our efforts to further enhance a clear platform compliant with regulatory necessities,” talked about Dixon. “We’re confident that our advisory team of experts can be instrumental in this process.”
BnkToTheFuture is a web funding platform focused on fintech, blockchain and cryptocurrency ventures.
The company claims it has 45,000 permitted traders on the platform and over US$ 240 million invested in rounds listed together with businesses like Kraken, Bitstamp, ShapeShift, and Bitfinex.
Startups that are looking to lift funding through platform need to fill an application form on-line, ship a set of obligatory files, schedule a call with the BnkToTheFuture group, and circulate the due diligence process.
Dixon advised Block Tribune in a contemporary interview that they at the moment had a rejection expense of about ninety five% as only 5% of applicants would truly meet the platform’s criteria.