WHAT IS BANKNET (BKU) ICO?


Banknet, in simple terms, is a platform which is projected at transforming the global financial market and real estate industry by leveraging on the most advanced and innovative technologies as fintech and blockchain. In this regard, a decentralized ethereum based ecosystem such as the Insurtech operation is targeted towards a massive revamping of effective insurance policies and a smart method of maintaining the sector, while maximizing returns on business and individual investment through Furdtech.
With the use of Banknet’s blockchain technology for the real estate platform (BKR), transactions will be made smart, thereby eliminating all unnecessary paperwork and facilitating trade at tokenized units. So here are the basics:
Banknet proposes revolutionary liquidity on the real estate market scene, whereby bids are independently posted and represents international properties on its exchange. How will the properties be selected? This is simply through quantitative, static, dynamic and standard analysis handled by one of the best teams of professional Banknet experts. However, exchanges will be made subject to Banknet’s terms and conditions, where buyers and sellers will either have to pay or accept 20% of the gross transaction value in the BST/BKU tokens. Following this, an incentive would be given to each contributor in the form of discounts on the market price of properties which are owned by the Banknet Real Estate Fund. In the final event, the commission accruing to each contributor will be tenfold, in the least. Also, traders would need to obtain BST/BKU tokens to make exchanges while a percentage of 20%, at least, would be required property buyers, properties which are guaranteed by the best and very affordable insurance policy to individuals. Banks are also not disadvantaged in this regard; mortgage-backed assets are on offer at very interesting rates. This is the Banknet's Real Estate Prime Properties Fund (BKPR).


Banknet is a solid platform which offers an established partnership with powerful leverage of e-commerce. This way, once small and medium online operators take advantage of the trusted BKU and BST tokens for payment, free access is given to commercial platforms such as Amazon and Ali express, to mention but a few.
To make clarifications on the BST token, it simply stands as the gateway to make payments by Banknet users, whereby bids are made by buyers on the open market to obtain the tokens or approach BKU token holders and place a bid for their share of BST holding, if they are interested in real estate property on the Banknet platform.
In essence, BST is an attractive payment gateway with prices to be determined based on prices quoted on the international commerce exchange.
On the other hand, BKU stands for a token which is projected at enhancing the value derived by the token holders when sustainable cash flow is created for them by a reward distribution program established by Banknet. Hence, the value and price of the currency of newly issued tokens each BKU token holder is to receive will be determined at the offering date to the public, resulting in prices being reflected on different international currency exchanges. In addition to this, BKU token holders will be entitled to annual royalties which flow from the proceeds of sale and distribution of the BST token to the public.
Recall that Banknet aims to make use of Blockchain technology. Blockchain, simply stated, refers to a shared database which can be accessed by a wide range of users who agree upon any changes that are to take place on its technological platform. These changes are what are known as ‘blocks’, and they are cryptographically linked to each other. Now, what other benefits accrue by using the blockchain incorporated technology?
·         It provides for standard security during transactions via encoding and encrypting of data.
·         It is traceable in the event of a complex supply chain of transactions
·         It mitigates the necessity of middlemen in transactions
·         It is transparent and efficient.

In essence, Blockchain presents a revolution in trading through the use of smart contracts which are based on programmed codes.
All in all, Banknet is a very essential platform which facilitates speedy transactions, while eliminating problems which are often posed by middlemen, complex search problems, fraud, management problems, to mention but a few. It addresses basic problems faced by the banking and finance industry and provides efficient trade facilitation.

For more information:https://banknetico.com/

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