We are proud to announce a huge step towards a fully functioning banking-service platform tailored for the blockchain era. In line with our original intentions, the electronic money functionality is planned to be added to Bankera ecosystem through a partnership with Pervesk (the word “pervesk” means “to transfer” in Lithuanian) which is an electronic money institution licensed in EU since late 2017 and has the right to provide electronic money services across Europe with ambitions to grow into a bank one day. In a nutshell, Pervesk will provide a gateway to fiat currency payment services while Bankera and SpectroCoin will stick to virtual currency services.
Next week, the Banker token will be listed on the HitBTC exchange and Bankera will enter a new stage of its lifecycle. Hence, we would like to remind you of our vision and attitude towards our goals. First of all, we always try to choose the right way, which is usually the hard way. The BNK token was not an exception, as it is one of a few tokens sharing net transactional revenue with its holders. There were no relevant smart contract examples in existence, so we had to develop it in-house.
Following the BNK token release on the Ethereum blockchain, Bankera is thrilled to announce that BNKs will be listed on HitBTC cryptocurrency exchange starting on Monday, 4th of June. The trading of BNK is expected to launch near 5 p.m. UTC. This is yet another step forward in Bankera’s roadmap towards becoming the bank for the blockchain era.
Today is an exciting day for Bankera and its community. After multiple audits to ensure the security of the BNK smart contract, Banker token owners are able to withdraw their BNKs to external wallets if they wish to. BNK token deposits are also now supported at spectrocoin.com. It means that Bankera’s ERC223 smart contract is already visible on the Ethereum blockchain and it is not long before BNK tokens will hit exchanges.
Since the beginning of Bankera’s project, security has been our main concern. This was reflected in our choice to use the ERC223 standard for the Banker (BNK) token source code, which was then fully developed by our team. Other companies could have opted for a quicker route and used other token codes to develop their own, but we knew this could result in potential security gaps, such as the ‘batch overflow’ bug recently discovered in several ERC20 smart contracts. Moreover, we are not creating a simple token, but a smart contract that distributes a net transactional revenue share weekly to BNK token holders, which has never been done by others. Thus, in addition to creating a unique source code for our BNK token, we have also submitted it for private and public audits to ensure its safety.
As a team, we always choose security and quality results over rushed decisions. Supporting BNKs as ERC20 tokens has always been our goal, however, we decided to dedicate more time to it and release a more advanced version of the Ethereum based smart contract. This more advanced and secure version was required because of one of our token special features: its holders receive a weekly net transactional revenue share. Hence, the smart contract source code includes the function of storing weekly commission funds. However, that is just one of the several reasons why BNK tokens are special among others in the market. So let’s take a closer look at BNK tokens and what makes them unique.
Since the beginning of Bankera’s project, it was stated in our whitepaper that unsold ICO tokens would be distributed pro-rata to pre-ICO and ICO participants. Now that Bankera’s ICO has ended, we continue to work on the goals that we set out in our roadmap. Thus, the first step taken was the pro-rata distribution of unsold tokens to all 100,902 pre-ICO and ICO participants.
First and foremost, we would like to thank all of our community members for not only supporting us from the very beginning, but more importantly, for helping us reach several milestones. We could not have gotten this far without you. 100,902 people from all over the world have contributed to Bankera, putting us among the biggest ICOs by the number of contributors. During the pre-ICO and ICO, 7,728,796,160 BNK (2,500,000,000 pre-ICO + 5,228,796,160 ICO) tokens were sold in total. The completion of this phase gets us another step closer to becoming the bank for the blockchain era but, at the same time, it means there is still a lot of work and development that has to be done.
In November, we announced that we were developing Bankera’s own cryptocurrency exchange platform, but we did not elaborate on the reasons behind this decision. Bankera‘s team has always been oriented towards building a strong and long-lasting community. While working hand in hand with our community, we were able to better identify the needs of crypto-users. We believe developing our own exchange will address those needs.
Our community members frequently ask about the listing of Banker (BNK) token on external exchanges. Today, we have great news! Bankera has finalized an agreement with one of the leading cryptocurrency exchanges, HitBTC. It means that BNK tokens will be listed on the HitBTC exchange.