Bitfinanc

Bitfinanc

Introduction

Cryptocurrency and blockchain technology have come a long way in a relatively short period of time. Bitcoin, the first decentralized cryptocurrency, was created in 2009 by the still unidentified Satoshi Nakamoto. This groundbreaking digital currency solved the double spending problem that had plagued previous attempts at digital cash, without the need for a central authority. 

 

Bitcoin introduced the revolutionary concept of a distributed ledger powered by blockchain technology. Blockchain is essentially a decentralized database that is shared among network participants. It utilizes advanced cryptography to record transactions in a verifiable and permanent way. This allows transactions to occur peer-to-peer without the need for intermediaries like banks.

 

In the decade plus since Bitcoin launched, cryptocurrencies have rapidly evolved with over 6,000 in existence today. Advancements like smart contracts brought more complex functionality to blockchains, enabling decentralized applications (dApps) and finance (DeFi). 

 

While the potential of the blockchain revolution is clear, limitations around scalability, sustainability, security, and usability have hindered mainstream adoption. There is ample opportunity for the next wave of innovative projects to solve these challenges and deliver decentralized finance to the masses.

 

About BitFinance

BitFinance is a leading decentralized finance (DeFi) platform that is dedicated to providing its users with a secure and efficient way to manage their digital assets. Through its innovative use of blockchain technology, BitFinance offers a range of financial services, including lending, borrowing, and trading, all within a decentralized and trustless environment.

 

One of the key features that sets BitFinance apart from other DeFi platforms is its focus on integrity. The team behind BitFinance understands the importance of building trust and credibility in the decentralized finance space, and they have made it their mission to uphold the highest standards of transparency and security. By leveraging blockchain technology, BitFinance is able to provide a level of transparency and accountability that is unparalleled in traditional financial systems.

 

In addition to its commitment to integrity, BitFinance is also at the forefront of innovation in the DeFi space. The platform is constantly exploring new ways to leverage blockchain technology to improve the user experience and provide innovative financial solutions. Whether it's developing new lending protocols or creating innovative trading tools, BitFinance is always pushing the boundaries of what is possible in the world of decentralized finance.

 

One of the most exciting developments from BitFinance is the launch of its native token, BFT. The BFT token plays a crucial role in the BitFinance ecosystem, providing users with access to a range of exclusive features and benefits. Through the use of the BFT token, users can access discounted trading fees, participate in governance decisions, and even earn rewards through staking and liquidity mining. This innovative use of a native token is just one example of how BitFinance is driving innovation in the DeFi space.

FAQ

What is BitFinance and what problem does it aim to solve?

BitFinance is a blockchain platform and cryptocurrency designed to enable fast, cheap, and secure financial transactions. It aims to make digital money easy to use for everyday purchases and money transfers without high fees or delays. BitFinance seeks to solve the issues of speed, cost, and security facing many existing cryptocurrencies and financial networks.

 

How does BitFinance work to provide fast, cheap, and secure transactions?

BitFinance utilizes innovative blockchain technology to validate and settle transactions quickly. By using a combination of proof-of-stake and delegated proof-of-stake consensus models, BitFinance can process transactions faster at lower cost compared to proof-of-work models. Advanced cryptography and network structure optimizations also help BitFinance achieve fast processing times and network security. Low transaction fees and seamless wallets make using BitFinance convenient and accessible.

 

What innovations does BitFinance bring to blockchain technology and cryptocurrencies?

Key innovations of BitFinance include its hybrid consensus mechanism combining proof-of-stake with delegated proof-of-stake, use of directed acyclic graph data structures to enable fast parallel processing, and built-in support for decentralized apps and tokenized assets. It also implements advanced privacy features like stealth addresses and ring signatures. The modular architecture allows components like consensus models to be swapped in and out as better technologies emerge.

 

What are the key features and benefits of the BitFinance platform and token?

BitFinance offers features like fast transaction validation times under 5 seconds, low fees of a fraction of a cent, stealth addresses for privacy, encrypted messaging, support for smart contracts and dApps, a multi-currency wallet, and cross-chain interoperability. Key benefits include speed, cost savings, privacy protections, a vibrant decentralized ecosystem of dApps, and a versatile platform for various financial and blockchain use cases.

 

How is the BitFinance team working to build trust and integrity as a priority?

BitFinance emphasizes transparency, ethics, and regulatory compliance. Its founders and core team are public figures with track records in finance, blockchain, and entrepreneurship. BitFinance provides transparency through its open-source code, documentation of its legal structure and policies, and public roadmap. The team prioritizes working closely with regulators to ensure compliance and build trust.

 

What partnerships and collaborations is BitFinance pursuing to drive adoption?

BitFinance is pursuing partnerships with payment processors, banks, and financial firms to enable easier fiat currency integration and off-ramps. It is also partnering with blockchain projects in areas like identity, storage, IoT, and global commerce to bring synergy and interoperability with the broader decentralized ecosystem. BitFinance is engaging with policymakers, academics, and non-profits to shape a regulatory environment friendly to decentralized cryptocurrencies.

 

What is the roadmap and future vision for scaling and evolving the BitFinance ecosystem?

The BitFinance roadmap includes launching the Genesis mainnet, integrating advanced smart contract capabilities, enabling cross-chain interoperability with other blockchains, implementing privacy features like zkSNARKs, optimizing transaction throughput, building out the decentralized data cloud, and onboarding institutional partners. The longer-term vision is for BitFinance to evolve into a decentralized financial operating system and app platform for finance, commerce, and beyond.

 

How does BitFinance's consensus mechanism work and how is it different from other blockchains? 

BitFinance uses a delegated proof-of-stake consensus where token holders vote for delegates who validate transactions and secure the network. This allows for faster and cheaper validation than proof-of-work models like Bitcoin. BitFinance also implements a hybrid model where both stakeholders and delegated validators participate in consensus, increasing decentralization. The modular architecture allows hot swapping consensus models as better ones emerge.

 

How can I get involved with the BitFinance community and contribute to the project?

You can get involved by joining the BitFinance Discord, Telegram and Reddit communities, participating in governance votes, staking tokens in validation pools, building dApps on the platform, writing documentation and tutorials, creating content, reporting bugs, translating materials, and attending or organizing local meetups. Developers can contribute by building tools, integrations, and apps that utilize the BitFinance blockchain.

 

What are the main challenges and competitors BitFinance faces in achieving its goals?

Main challenges include driving adoption in a crowded cryptocurrency market, overcoming network effects of established chains like Ethereum, meeting performance and scalability demands as usage grows, and navigating an uncertain regulatory environment across different jurisdictions. Competitors include payment focused coins like Ripple, Stellar and Nano, smart contract platforms like Ethereum and EOS, and privacy coins like Monero and Zcash. But BitFinance aims to combine the best attributes of these different projects into one high-performance and feature-rich platform.

 

Conclusion

BitFinance is revolutionizing decentralized money with its unwavering commitment to innovation and integrity. By leveraging blockchain technology and a focus on transparency, BitFinance is providing users with a secure and efficient way to manage their digital assets. With its dedication to pushing the boundaries of what is possible in the world of decentralized finance, BitFinance is poised to continue leading the way in the evolution of digital money. Whether you are a seasoned DeFi user or someone new to the world of decentralized finance, BitFinance is a platform worth exploring for its innovative solutions and commitment to integrity.

For more information link:

WEBSITE : https://bitfinance.az//

Instagram: https://www.instagram.com/bitfinance.az?igshid=OGQ5ZDc2ODk2ZA%3D%3D

TWITTER : https://twitter.com/Bftxcrypto?t=syL987gMBGrIhURuJEs0FA&s=09

TELEGRAM : https://t.me/Bitfinance_BFTX

 

Author

Bitcointalk Username: Dan Burn

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=3200857

Wallet Address: 0x13b25fedda2d733e7c9048626dce368f26b5a32e

COINTACTED

COINTACTED

WHY WE ARE DIFFERENT ?

Pioneering Infrastructure: We are the first to introduce a fully

functional infrastructure for Our primary goal is to enable people to explore, discover & create with style, quality

Never-before-seen rewards and an

Leveraging experience collected from

Social Blockchain, setting a new benchmark in the industry.

& passion. We empower individuals to express themselves.

ecosystem featuring multiple coins & platforms, ensuring that engagement is not only meaningful but also lucrative the best minds on the planet & applying it to blockchain, ensuring that we are at the forefront of innovation & quality,
 

Cointacted is the 1st crypto social network of its kind & the heart of our new era Social blockchain ecosystem. offering a unified account for synchronized access across multiple apps of the infrastructure, streamlining users' experience.

 

It rewards user activity with native currency "CCENT," spendable in the marketplace or withdrawable, and offers the choice to mint earned achievements & sell them or purchase NFTs for instant content creation & earning benefits.

 

"CTED" originates as an ERC20 Token on Ethereum, transitioning actively to a self-sustaining Social Blockchain.

 

Our ecosystem offers a range of platforms to enhance your digital experience:

1. Cointacted a rewarding new era social network.

2. Cointacts a cutting-edge communication app with Al chat & video calling features.

3. NFTomix - NFT Marketplace for infrastructure & independent NFTs.

4. Upcoming platforms include Automotiwe for auto-moto enthusiasts and Tattoowe for ink art lovers, among others, expanding our Social Blockchain Ecosystem.
 

REAL SOCIAL NETWORK CRYPTOCURRENCY

ACTIVITY & PROFILES

Network activity and all its content is public, however users may chat to each other privately.

PROFILES LEVELS

Ranks are achieved by certain activities or achievements Rank defines level of the profile & either allows or restricts certain activities.

GROUPS

This is where members gather to public, closed & hidden groups that unite them among common interests

PAGES

It's where users engage with businesset & vece versa.
 

CHAT & VIDEO CALLS

COINTACTS APP - SEPARATE CHAT APP & SYNCED COMMUNICATION

CHAT & CALLS

Private & group chats, Voice & video calls, Multimedia sharing. Voice messages, Reactions, stickers, GIFs, polls, Pin, save & translate, Message shortcuts, Voice transcription, Call recording.

Al & NOT AI & NOTIFICATIONS

Conversation Summaries, Al Conversation Starter, Smart Replies, Push SMS & email, Email replies.

MODERATION & DATA

XSS filters, User blocking, Profanity filters, Report messages & users, Virus & malware scanning, Cross-platform sync. Any device support. Global CDN.

SECURITY & COMPLIANCE

Encryption in transit & at rest, End-to-end encryption, ISO 27001. SOC 2, GDPR, HIPAA with BAA
 

ADS MANAGER

ADVERTISING PLACEMENTS & REVENUE COMMISSION

PLATFORM ADS

Users can purchase ads placements & manage advertising campaigns on both web and app.

PAYMENTS

Users can pay with CCENT, with any other crypto and credit/debit cards.
 

ΤΟΚΕΝOMICS

REAL SOCIAL BLOCKCHAIN INFRASTRUCTURE

TOTAL SUPPLY

1 Billion (1,000,000,000) CTED

TOKENS DISTRIBUTION

Seed Sale 1%, Private Sale 2196, Public Sale-8%, Social Rewards - 15%, Ecasystem Growth-15%, LP and Listings-40%.

PRESALE INFO

CTED will run a DEX presale on its owri Infrastructure

There will be page on the website with Presale directly on the platiconm
 

COIN

REAL SOCIAL NETWORK CRYPTO

TOKENS REWARDS

All members get CCENTS tokens (platform native currency) rewards for social activities & achievements.

TOKENS USAGE

CCENTS can be used in the marketplace or they can be withdrawn to a DEX wallet

WITHDRAWING REWARDS

When withdrawing, ValmỜI CHENTS WI be sent to your wallet as CTED tokens

INVITES

LIFETIME COMMISSION %

ECOSYSTEM-WIDE SYNC

Cointacted infrastructure consists of multiple projects with different names and domains, but everything is synchronized with a single account across the entire ecosystem. If you invite new members to any of the platforms, your commission for their purchases will be calculated and synchronized for each platform.

LIFETIME COMMISSION

All members get 1% commission for certain purchases of their affiliates. For Lifetime.
 

SWAP

SECURE DECENTRALIZED TRADING

All EVM Networks

Swap is running based on EVM so in the long term each EVM Network will be covered. Each transaction has a fee of 0.1%

CONS

Our swap will include all coins of Cointarted Organization. It' also include other coins of our partners & other popular cons

EMBEDDING

Our swap can be embedded anywhere-just need to copy & paste our prepared code.
 

MISSION & VISION

Mission: Pioneering the Social Blockchain

Cointacted's core mission is to harness the transformative power of blockchain technology, creating a dynamic social blockchain ecosystem & future-proof infrastructure. We aim to seamlessly integrate blockchain into people's lives, passions, and hobbies, offering an unrivaled user experience and a rewards systern that enhances and nurtures what matters most to each individual, redefining digital and real-world interactions,

Vision: A Unified, Everlasting Social Blockchain Ecosystem

CTED envisions becoming the world's top social blockchain, with a thriving ecosystem hosting multiple cutting-edge WEB3 platforms, each excelling in its domain. Users can access this unified ecosystem through a single registration, offering a diverse range of top-tier apps under a seamless infrastructure. This vision prioritizes convenience and synchronized connectivity allowing users to navigate various interests within the Cointacted ecosystent effortless
 

WEB3 Infrastructure
For The People

Cointacted.com
1st Crypto Social network of its kind & the heart of our new era Social Blockchain Ecosystem, offering a unified account for synchronized access across multiple apps of the infrastructure, streamlining users’ experience.

Cointacts.app
New Era Communication App with state-of-the-art AI Chat & Video calling features, offering Enterprise-level security & limitless scalability.

Not revealed yet
NFT Marketplace of the ecosystem, it serves as the central hub for managing both the infrastructure & independent NFTs.

Cointacts.app
Features
Chat & Calls

Private & group chats
Voice & video calls
Multimedia sharing
Voice messages
Reactions, stickers, GIFs, polls
Pin, save & translate
Message shortcuts
Voice transcription
Call recording
AI & Notifications
Conversation Summaries
AI Conversation Starter
Smart Replies
Push, SMS & email
Email replies
Moderation & Data
XSS filters
User blocking
Profanity filters
Report messages & users
Virus & malware scanning
Cross-platform sync
Any device support
Global CDN
Security & Compliance
Encryption in transit & at rest
End-to-end encryption
ISO 27001, SOC 2, GDPR
HIPAA with BAA

 

ROADMAP

2018
Idea
My passion for tech & media helped me gain solid digital understanding, so I decided to build a new digital ecosystem for the world.

2019
R&D
5+ years long in total including research, development, testing & breaking it all down.

2021
Test Project
Back in 2021 I had a test project launched – people were telling me it was the best project they saw back then.

Preparing The Rocket
I knew it will take another 12+ months to build it all. It took almost 2 years to build the ecosystem after launching the 1st test project.

2023
Apps Publishing
A rewarding new era social network app & a cutting-edge communication app with AI chat & video calling features, both apps are published to Android and iOS stores. Preparing everything else for the start.

1st & Main Platform – Public PreSale
The 1st platform of the infrastructure to launch is Cointacted including Cointacts app too, they’re both the main part of the ecosystem. 1st Tier Seed sale of the PreSale starts in December, 2023.

2024

EU Grant To Propel Cointacted’s Social Blockchain
Cointacted is on the brink of securing a substantial €100,000 grant from the European Union intended to fund the development and research efforts pivotal for constructing the inaugural authentic social blockchain. These anticipated funds are set to cover essential expenses associated with development and research, forming the cornerstone of a robust infrastructure. This potential support represents a significant stride toward realizing our vision to pioneer groundbreaking social blockchain technology.

NFT Marketplace Of The Infrastructure
Introduction & launch of NFTomix.com – NFT marketplace of the ecosystem, it serves as the central hub for managing both the infrastructure & independent NFTs.

Auto-Moto Platform
Automotiwe.com – part of social blockchain ecosystem, a platform for auto-moto enthusiasts will be introduced and launched.

Tattoo, Body Art & Beauty Platform
Tattoowe.com – a platform for ink art, body art & beauty lovers, part of the social blockchain infrastructure, will be introduced & launched.

Social Blockchain Launch
By the end of 2024, Cointacted will introduce and launch it’s own independent blockchain, which will stand as the 1st real social blockchain on this planet.

 

INFORMATION

https://cointacted.com/

https://cointacted.com/documents/

https://t.me/cointacted

https://facebook.com/cointacted

https://x.com/cointacted

https://instagram.com/cointacted_com

https://reddit.com/user/cointacted

 

AUTHOR

Bitcointalk Username: Dan Burn

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=3200857

Wallet Address: 0x13b25fedda2d733e7c9048626dce368f26b5a32e

Bank11.io

Bank11.io

Introduction

Today, the global financial system is experiencing major challenges, such as sanctions and trade wars, banking regulations, rising borrowing costs and key interest rates, and an inflationary, spike. Classic fiat instruments can't overcome these challenges. Blockchain, cryptocurrencies and Web 3.0 solutions in the field of finance are essential for this crisis. Unfortunately major blockchain companies work only for a narrow audience of crypto-enthusiasts. Under these conditions, users need new innovative financial services that will-combine Web 3.0 and large scalability.

 

Mission

The economic crisis is accelerating a revolution in finance that will power the development of non-fiat banking. X11's mission is to give people back the ability to manage their own money without restrictions. The X11 team decided to create a non-fiat service that combines innovative fintech solutions with the reliability of a classic bank. X11 works as a hybrid service implementing CeFi and DeFi solutions. Cef i will provide the level of compliance the service needs, while DeFi maintains the. transparency of blockchain solutions and the decentralized nature of the service, as well as the scalability of cryptocurrency payments.

Financial institutions must stop dividing people into insiders and outsiders X11 will remove borders and nationalities from finance. We want to give our users access to banking services anywhere in the world without restrictions, regardless of sanctions and trade wars. X11 will be the service for a new global financial system based not on fiat currencies but on cryptocurrencies
 

Target audience

X11's audience encompasses both individuals and legal entities including Individuals

1. Freelancers who work for clients in other countries

2. For cross-border SME transactions

3. For p2p payments and keeping private funds

• Online business

4. Gambling, betting

5. Gaming

6. Meta-universes

7. Blockchain companies

 

Problems

Problem 1. Crypto banking is still at the beginning stage of development Many blockchain companies have been created in recent years, including cryptocurrency exchanges and DeFi protocols, which provide different financial crypto services. However, there is not a single full-fledged cryptocurrency bank among them. The vast majority of so-called crypto-banks are either crypto-exchanges that issue debit cards, or neobanks that conduct cryptocurrency transactions on a very limited scale.

Problem 2: Traditional banks and neobanks are over-regulated Fintechs and neobanks, relying on fiat financial infrastructure and being constrained by regulators, do not meet user expectations. Comparing modern banking with the banks of the past, privacy and the quality of service have significantly decreased.

Problem 3: Centralized crypto-exchanges and blockchain services are limited by regulators

Sanctions, trade wars and the international economic crisis are affecting clients of crypto-exchanges and blockchain services. No client can feel safe and at any moment their money can be blocked or confiscated, even if it is of legal origin.

Problem 4. Scalability of DeFi and cryptocurrencies

Defi, the backbone of innovation in finance and the blockchain industry, has not been implemented in banking. The number of cryptocurrency users is still only about 300 million, due to difficulties in implementing user-friendly interfaces.

Problem 5: The fiat system crisis

The modern fiat system has a number of serious disadvantages, notably high inflation and the lack of freedom for people to manage their money.

Problem 6. Zero interest rates on bank accounts

During the COVID pandemic, bank account interest rates in the EU, the US and the British Commonwealth fell to near zero.

Problem 7: Risks and Difficuties

Cryptocurrency has given users the opportunity to make fast, inexpensive and private transactions outside the fiat system. At the same time, it generates many problems, such as fraud and address errors in transactions, not to mention that the legal field for such transactions is still a gray area in many countries. Business

payments in cryptocurrency are high-risk and do not protect either client or counterparty.

The high volatility of cryptocurrencies tiscourages transfers. This problem was "solved" by stablecoins, but even those transactions can be expensive and it is unclear to whom and where funds are going and who is behind them. X11 has solved this problem.

Conversely, classic banks require very serious documentation and confirmation of the origin of funds, both for individuals and businesses. Also, citizens of some countries have great difficulty registering a personal business account, with a process that takes from 3 weeks to 6 months

 

Benefits of X11

Among the service's advantages are:

the service has no control over customer funds,

the world's first no-fiat solution of a kind;

anonymous transactions on the PoS blockchain;

low transaction fees: from 1% to $1;

no additional service charges,

fast transactions and money transfers: up to 30 seconds,

simple KYC procedure, fast account connection (up to one day);

fast integration with client sites,

crypto-acquiring (acceptance of all available stablecoins): from 1% to $1,

escrow deals with an arbitrator,

absence of restrictions.
 

X11 Services

The list of basic X11 services includes:

Loan secured by crypto assets

P2P lending

Acquiring

Geocash: p2p exchange at the user's location

Escrow deals with an arbitrator

 

Geocash and p2p exchange service

Any user can exchange xUSD and other stablecoins for cash at their location. In addition, a service customer can work as a p2p exchange participant and earn money. In order to become an authorized exchange participant, the user will have to pass service checks and make a deposit in crypto-assets.

 

Example

The user wants to exchange 10 x USD for 10 USD in London. The exchange starts with a search for an order. The initiator of the transaction determines the geolocation he wants, and searches for service-authorized buyers of stablecoins. Geometry determines the closest buyers and shows them the bid. The buyers then make an appointment within the system. The user locks in $10 and the seller locks in a $10 deposit in the system as well. This is a guarantee that the seller has the liquidity to make a deal

 

The seller and buyer both have a QR code during the meeting, after the transaction is complete, participants bring their phones with the app to each other and 20
 

minutes later the collateral is unlocked: The seller's $10 is sent to the buyer and the seller's $10 is unlocked.

X11 will recommend an exchange rate for transactions so that the user will not pay high interest for conducting exchange transactions. The planned exchange rate is from 1% to 3.5% depending on the amount.

 

Lending

X11 will issue loans at market interest rates secured by Bitcoin, Ethereum and other cryptocurrencies from the Top 10. If the rate of the cryptocurrency falls below the collateral value, the cryptocurrency will be bought by the service itself and sent to X11's portfolio. In this case, the loan will be canceled.

 

Payments and acquiring

In the next 10 years, classic card payments will become unnecessary for the new generation of users. It will be enough to have a wallet built into the browser and make payments directly on the site- just click on the button and sign the transaction.

 

X11 will help users pay securely and businesses get paid in any currency. This currency will be immediately converted through cross bridges to any stablecoin the customer wants to use for their business Payments will take seconds and the transaction will cost anywhere from 1% of the amount up to $1. This reduces the minimurn check to $1, which is not the case with today's banking systems.
 

Money transfers and international payments

At the moment, customers have to adjust their business and prices of their services to the bank. A user simply can't send $1 to another country because the fee for such

a transfer could be as much as $40. X11 transfers and payments of any amount have a maximum fee of 1%.

 

Legal and risks

X11 will operate under English law. All legal arrangements will be directly related to smart contracts. In the event of default, the user can sue the counterparty in their country or in arbitration. All transactions will be recorded on the blockchain

 

There will be an employee inside the service who will be able to regulate pre-litigation disputes and block suspicious transactions. Every user who does not agree with a transaction will be able to challenge it in court by requesting all documents from this employee. Each user must understand that they and their data are safe and are only disclosed to the authorities in response to a request related to criminal cases If the customer has violated the internal rules of the service, they will be blocked

#Bank11 #Xeleven #CAR #BTC #Sango #Metaverse #NFT #Binance #ETH #Ethereum

Already done

06.06.2021  — Beginning building a bank11 model

09.01.2022 — Launch of beta version for individuals
11.01.2022 — Beta launch versions for freelancers

02.01.2023 — Launch of alpha version for freelancers
07.01.2023 — Test of the Bank11 application on trc

20 08.01.2023 — Signed contracts with the European payment system so that our clients have the opportunity to withdraw funds to the card

 

What was missing all this time
Instant Registration
Fast and simple KYC/KYB compliance (passport/license)

Instant 30-second money transfers

Low fees on transactions
Acquire crypto
Integration of browser wallets with your site/store. Merchants receive payments in stablecoins without worrying about additional fees or volatility

No limits on transaction volume
Free banking: you pay only for the services you use

Earn on p2p lending
Escrow deals with an arbitrator: deals signed by a smart contract and legal agreement

No country restrictions: we do not work with fiat licenses
Geocash service for fiat withdrawal (p2p exchange between bank clients)

 

Legal

Bank 11 complies with English law. All legal contracts will be directly linked to smart contracts. The user can sue a counterparty who does not fulfill the contract in their own country or in the arbitration court.
Bank 11 complies with English law. All legal contracts will be directly linked to smart contracts. The user can sue a counterparty who does not fulfill the contract in their own country or in the arbitration court.

Bank 11 does not have access to the client's funds, only information about the counterparty, transactions and the amount of funds. Bank 11 takes payments only in the form of fees, when the client interacts with bank tools. Commissions are automated by smart contracts.
Bank 11 does not have access to the client's funds, only information about the counterparty, transactions and the amount of funds. Bank 11 takes payments only in the form of fees, when the client interacts with bank tools. Commissions are automated by smart contracts.

 

COMPARISON OF BANK 11 AND TRADITIONAL BANKS
What's the benefit?

Instant money transfers anywhere
Low fees on international money transfers through Bank 11 gateway
Fast registration
Verification within 24 hours
Opportunity to earn on p2p lending
Withdraw fiat via geocash
Ability to pay bills and make purchases in cryptocurrency
No limits on transaction volume
Escrow deals for payments for goods and services
Bank 11 has no control over client funds

 

Classic Bank
Money transfers up to 14 days
High fees for cross-border transfers up to 15% of the amount depends on the country
Transfers to some countries are prohibited, no withdrawals to blockchain
Account opening takes from 2 days to 2 weeks
Citizens of some countries are forbidden to open an account
Only direct bank loans at % interest
Receipt of funds via wire transfer or cash at bank/ATM only
Limits on servicing accounts
Bank is not responsible for client deals
Can block client funds at any time

Team

The X11 team consists of specialists with many years of experience in the blockchain industry. The X11 product is developed by a team of four experienced engineers with the necessary competencies in blockchain development (Solidity, Rust) and the creation of frontend solutions for Web 3.0 applications in JavaScript, Typescript, Node.js and React.js.

 

X11's legal department is led by a lawyer with extensive operating experience with CeFi companies as well as advising DeFi projects. The strategic focus on the use of decentralized solutions, combined with legal literacy, allows the company to find effective legal solutions that are convenient for our clients.

 

X11's marketing and product department is led by experts with dozens of successful marketing campaigns since the first major ICO in 2017 and experience with cryptocurrencies, cryptocurrency exchanges, and DeFi protocols in 2020-2021.

INFORMATION

https://bank11.io/

https://acrobat.adobe.com/id/urn:aaid:sc:AP:0353d534-1607-4fc1-b09f-21c72d6e8bb2

https://bank11.io/whitepaper

https://twitter.com/11Bank11

https://medium.com/@x_11

https://discord.gg/T3YZfWb4

https://t.me/bank11chat

https://t.me/bank11x

 

AUTHOR

Bitcointalk Username: Dan Burn

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=3200857

Wallet Address: 0x13b25fedda2d733e7c9048626dce368f26b5a32e