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Bancacy

Digital Commodity Money That Solidifies

Bancacy is a innovative and decentralized digital asset class that is establishing new form of Money. The ecosystem utilize BNY/XBNY Cryptocurrencies for Asset Solidification, Investments and Passive Income in aspiration to deliver fully independent and immutable Digital Money powerd by the Blockchain. Bancacy (BNY) is solving Two primary problems in our current Cryptocurrencies ecosystem: Insufficient Trading Liquidity - traders often find themselves incapable of profit realization after investing in Cryptocurrency assets. Market Volatility - due to the immaturity of the Cryptocurrency ecosystem, extensive value fluctuations occurs in the newly tradable asset. Registered in Israel with legal opinion of Maltese law firm. Legal Opinion- https://drive.google.com/file/d/0Bz9vr7WT8L3QbWZsTlF3VXNrMy00dmVlQ3hHd0RENmp1aS1n/view?usp=drivesdk Incorporation certificate- https://drive.google.com/file/d/1AfFdFNHs6uA6pnyQ3vIUg4jdjUynQHYw/view?usp=drivesdk

3.2
4 3 expert ratings
Benchy 2.1
KYC
Experts
4.6
5.0
4.5
Review: coming soon PRO
Ended
Token
BNY
Type
Country
Whitelist/KYC
None
preICO start
7th Sep 2019
preICO end
14th Sep 2019
ICO start
7th Sep 2019
ICO end
14th Sep 2019
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About Bancacy

Mission Bancacy is assigned to solve 2 primary problems in our cryptocurrency ecosystem:

Insufficient Market Liquidity
Market liquidity is a market feature where individuals or firm can quickly purchase and sell an asset without causing drastic change in the asset price. Liquidity is about how big the trade-off is between the speed of the sale and the price it can be sold for. In a liquid market, the trade-off is mild: selling quickly will not reduce the price that much. In a relatively illiquid market, selling the asset quickly will require cutting its price by some amount. In immature tradable asset we often see low daily traded volume which can be a byproduct of the little exposure that the asset got in contrast to well known assets. This fact can make potential investors sheer off from the asset which in return makes the problem bigger.

Cryptocurrency Market Volatility
Volatility is a statistical measure of the dispersion of returns for a given security or market index. In most cases, the higher the volatility, the riskier the security. Volatility can either be measured by using the standard deviation or variance between returns from that same security or market index. A year ago, Bitcoin soared to near $20,000 at its peak, only to fall sharply. It’s currently hovering around the $8,300 level. It seems lately as if every rally is short-lived, only to be followed by another sharp selloff. Prices of other leading cryptos such as Ethereum, XRP, Stellar & EOS have all followed suit, trending down significantly from recent highs. Over the last year, a substantial amount in crypto and blockchain-related fintech market cap value has been similarly fallen sharply. The sector is down roughly 80% from all-time highs, and many projects are down over 90%.

Vision
Bancacy’s vision is to bring more investors into cryptocurrency ecosystem in a way that those investors will be protected from market volatility at any time without any limiting factors, such as central authority approval or being dependent on human speed efficiency. To make this possible, Bancacy will use the power of the Ethereum Blockchain via the Ethereum Virtual Machine, eliminating any decentralization of any kind. Bancacy will utilize Smart Contracts that are immutable, unownable and open source for anyone in the world seeking to read the code behind Bancacy or the algorithms that are used.

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ICO KYC Report
3 members invited
Andres Mussa
Passed
Leon Nikolin
Failed
Chris Whitlock
Failed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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