In this article i will tell you Why you should get in to Polybius.io and Why it is so interesting!
So, for people who do not know Polybius, this is a project aimed to create a regulated bank for the digital generation. Their ICO ended yesterday
It raised:
12379.7 Bitcoin or 31.645.008 Million dollar.
Each token is 10 dollar worth. that gives it a TOTAL token supply of 3.650.521 Million.
This by itself is allready interesting because the total amount is 5 times lower then bitcoin and you know scarcity makes value :)
Also, the ICO wasnt availible in the USA because of regulation. Yesterday when traded started it went from 2x to 5x! But, because it is on the smaller exchanges, it is unsure of its current value increase. Doesnt matter, because in the long run this will be far more interesting.
So raising the money was ment for MileStones. I will list them below but first. If you are invested in Polybius, please do this!
This is ment to get attention of the bigger exchanges. Remember what happen to EOS when it hit Kraken? 5X BABY!! Took 1 day :)
To get PLBT on the bigger exchanges take 5 minutes and:
Select General
Put your email ( dont have to have an account!)
Put subject: PLBT Polybius on Kraken
ThenAsk them when you can trade PLBT polybius on their exchange! Tell them their 32 million ICO ended and you want to buy coins because you couldnt during the ICO because of location restrictions (USA not allowed to join ico) Or tel them to check out the website Polybius.io and they should really add this coin
Select Feature Request category.
Submit!
Do it again on Bittrex https://support.bittrex.com/hc/en-us/requests/new?mobile_site=true
Millestones
The Milestones were put in place to see how much money is needed to start a bank. I will list them just scroll through:
1.5 million
Authorized Payment Institution
- P2P Loans
- Investment Portfolios
- EBA Clearing
- SWIFT Membership
- EPC Rulebooks
- API License*
- Payment Service
3 million
lectronic Money Institution
- Consumer and working capital loans
- Foreign Exchange
- Card Issuing and Payment Acquiring through a BIN Principal Member*
- EMI License*
6 million
Commercial Bank
- Credit Cards
- Savings Deposits
- Open API Apps
- Card Scheme Membership
- Bank License
10 million
Digital Pass
- Blockchain
- Big Data
- Applied AI
- Internet of Things
- eSignatures
- eSeals
25 million
SME Financial Marketplace
- Venture Capital
- Crowdfunding
- Insurance
- Brokerage
25 million +
All funds over $25m go to the SME Financial Marketplace investment and operational capital
So this by itself is allready very interesting! the first crypto bank to be! One of the cool things is. If you keep your PLBT in their or a ERC20 supported wallet. They will pay a percentage of dividends to all those (share)holders ( 20%divided by total PLBT kept X what you have) SO the longer you keep it. The more it will be worth!
Keep in mind that it would probably take a year or 2 to get this started but when they do, Boy oh boy.
If the banks now would be classified. it would be a Nokia 3310. Sturdy. Solid, chance of breaking down olmost zero, but... Older model, doesnt have alot of new features etc.
Polybius will add things you can even imagine yet. Join their bank and you will be the first to have a digital pass complete with Biometrical identification, its really insane.
If you want to know more about polybius.io. read their whitepaper on the site!
Let me know what you think about this project, let me know if you are invested or not and if you send out emails to the exchanges!
Peace!
Seems like we are entering ICO season lol....followed n upvoted
See reply below. It;s not just an ICO. its an actual business idea .. :)
It sounds good but I guess it gets a bit snowed under because of the numerous other ICOs. The concept of investing in a cryptocurrency venture with a real business attached to it may be the only thing that still holds a promise. Projects that only target the ability of mere exchange of tokens face a lot of internal competition. The concept of a YAC (Yet Another Coin) is making its entry into the scene. Just call it ICO fatique.
Jup. Well actually in this case, i didnt mind! the unbought tokens got destroyed the availible supply is "only" 3.2 million. thats 5 times less then bitcoin. If the bank comes to fruition, if will be one valueble coin!