Last Tuesday, 17th of July, Bankera hosted its first meetup in Tokyo, Japan. More than 250 community members came to meet the CEO, Vytautas Karalevičius, and got the chance to ask questions about Bankera’s project. We would like to say an enormous thank you to each member of our Japanese community who participated in our meetup! We also cannot miss the opportunity to thank our Japanese community manager and our on-site translator for the amazing work done for this event!
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.
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. 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.
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.