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Ratings Mt Pelerin

Swiss Blockchain Banking

At Mt Pelerin, we believe that an evolution of banking is long overdue. With the global enthusiasm for FinTech and the ever growing success of blockchain technologies, we now have all the right tools to make this evolution happen. We ambition to design a fully regulated and compliant bank on blockchain in Geneva, Switzerland. Our key concept is the tokenization of the entire balance sheet of the bank, making the use of smart contracts on any asset possible. Implemented around a modular and open platform, comprehensive banking services will be delivered as marketplaces where the trade of tokenized assets will be possible with unprecedented liquidity, transparency and efficiency. This will also let us heavily reduce operational costs compared to traditional banks, while radically democratizing the access to assets and investment opportunities. Being open to services from other financial institutions in order to bring more choice to our customers and a healthier competition, our marketplaces will be the bridge we have envisioned. Our business model is also designed to keep 100% of our clients’ current accounts in reserve, acting as a custodian bank, in a fully transparent manner. In this way, they will know that their assets are safe with us and not leveraged for our profit. Instead, revenue will be driven from value-adding and innovative services offered on our marketplaces.

4.4
7 6 expert ratings
Benchy 4.4
KYC
Experts
4.6
4.3
4.1
Review: coming soon PRO
~$2,000,000
value of tokens sold in ICO
Ended
Token
MPS
Price in ICO
4.9910 USD
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
USA, China, Afghanistan, Bosnia, Cuba, Korea, Ethiopia, Guyana, Irak, Iran, Laos, Ouganda, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Vanuatu, Yemen.
preICO start
23rd Oct 2018
preICO end
26th Oct 2018
ICO start
30th Oct 2018
ICO end
15th Dec 2018
Visit ICO website
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Changelly

Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Paresh Masani
ICO Consultant | Influencer | Strategy and Vision Execution | Public Relations | Crypto-funds | Blockchain Development Lead
Rated on Nov 16, 2018
5
5
5
14%

Very strong team.
Liked the detailed and polished whitepaper.
Liked the concept and expertise around the building tokenized assets.
Reasonable hardcap.
Solid technical source-code in github and MVP.

+2Agree
+2
Disagree
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Yann GerardiICO team member replied on 20 Nov 2018
Thank you very much for your review!
Igor Karavaev
ICO and STO and IEO advisor
Rated on Nov 25, 2018
4
4
4
14%

I like the team and advisors but i believe they should engage a few more people experienced in ICO marketing/crowdfunding. The WP is quite comprehensive. MVP available though the market demands now working platform even at the ICO stage.

Agree
-1
-1Disagree
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Clemen Chiang
Ph.D. | CEO | FinTech in Stocks | Blockchain in Cryptos | Author of Amazon Best Sellers in Online Trading
Rated on Nov 30, 2018
5
4
3
14%

Hard cap 2,500,000 USD

This project is raising US$2.5m to design a fully regulated and compliant bank on blockchain in Geneva, Switzerland.

"We will design accounts with a master IBAN and up to 30+2 dedicated IBANs corresponding to 30 fiat currencies and later on Bitcoin and Ether. Money transfers would be done via legacy route (SWIFT, SEPA, ACH), and tokenized fiat currencies could be sent to whitelisted crypto wallets.

Based on the information provided, I am not too confident that the US$2.5m is sufficient for the runway to execute so many features.

It will be helpful if the team responds with a detailed breakdown of spending and runway.

Most willing to revise rating.

All the best!

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0
Disagree
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Yann GerardiICO team member replied on 30 Nov 2018
Hello,

We are raising 2.5m in public sale now, but the total funding we seek later on is 28m. You can refer to page 43 of our whitepaper.

I hope that answers your concern, let me know if you have more questions.
Shohel Alam
Entrepreneur | Data Analyst | Investor Relationship| ICO Marketing & ICO And Blockchain Consultant & Advisor
Rated on Nov 28, 2018
5
4
4
12%

Good team with experienced advisory board... KYC done. Great Vision I like this concept. Have MVP. Detailed whitepaper. Best of luck team and this project.

Disclaimer: This is an independent review on the ICO and does not lead to investment advice. ICOs are risky, kindly do your own research before investment.

+1Agree
0
-1Disagree
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Alexander Mitrovich
Managing Partner, Usetech.com
Rated on Dec 3, 2018
4
5
4
8%

High quality project, no doubt. Risks include:
1. High complexity of regulations and technology needed to support it; it will take them a while to get off the ground
2. While I'm all for disrupting the current financial system, especially retail banks, the economics to build a viable business are not easy, and again it looks like it's going to take a while to get to positive cash flows
3. While it's great that they're issuing equity on blockchain, doing it alone has its disadvantages - it's not cheap, and it's complex to manage, as well as to make share tokens tradable in the future.
For the long term investors only, opportunities and quality of this project may warrant looking into it.

Agree
0
Disagree
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Ali Yazbek, CFA
Crypto Advisor | Journalist | Consultant
Rated on Nov 2, 2018
4
4
5
6%

Very interesting concept and product ( multi-currency IBAN) + financial services marketplace.
The team seems to be experienced in the banking domain but lacks some expertise in the blockchain domain
The only negative point I can see is that only 5% of the capital is tokenized and the projected market value is 50 millions which is quite high to start.

+2Agree
+2
Disagree
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Benchy
ICO analyzer bot
4.4
31%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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ICO KYC Report
2 members invited
Arnaud Salomon
Passed
Eric Berling
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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