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Blockchain Disruption | @CloudExpo #FinTech #Blockchain #Ethereum #Bitcoin

The future of finance technology looks very different from the past

What is your company about, what's your mission?

Simon Dixon, CEO of BnkToTheFuture: BnkToTheFuture.com is the largest online investment platform for investing in FinTech, Bitcoin and Blockchain companies. We believe the future of finance looks very different from the past and we aim to invest and provide trading opportunities for qualifying investors that want to build a portfolio in the sector in compliance with international financial regulations. We are here to support the growth and disruption being built around Bitcoin and Blockchain as it takes more and more market share from traditional finance and banks.

Security: How secure is the blockchain and/or smart contract?

Dixon: The next phase of our business is to take our traditional equity investments and put them on the Blockchain for added transparency and liquidity in compliance with international securities law. As these will be securities they cannot be traded anonymously like other crypto currencies so we have built a system that allows qualifying investors to trade these equity-backed tokens within a whitelisted smart contract in compliance with international securities law. Because these equity-backed tokens are in a whitelisted smart contract it means it adds additional security and complies with securities law making them a lot harder to hack than other Blockchain based assets.

Participation: What are you getting for your investment? Is the token usable, a security or other?

Dixon: We are now launching a utility token to help us perform due diligence, research and analysis and investor relations functions with the support of our community. Qualifying investors can use the token to unlock early investment privileges and early-investor bonuses on the platform. We did not forecast that Blockchain would go beyond finance into every vertical as fast as it has this year and we built our expertise in financial innovation only. To scale the business we launched the BF token to reward users for contributing to the research, due diligence and investor relations process to allow us to scale with the Blockchain sector now the sheer volume of applications for funding on our platform is scaling beyond anything our team can handle. Once we have completed this utility token launch we aim to launch our secondary market where we will put equity securities on the Blockchain for our qualifying investors to trade with each other in compliance with international securities law meaning all tokens will be securities backed by equity with the exception of BFT which is a utility token for all the community.

Accounting & Legal: How is accounting done for tokens and what do they represent? What are the legal risks of the project?

Dixon: We have taken every care to ensure compliance with securities law and we are registered with our local monetary authority as a securities business. The BFT token is a utility token that is not a security. Our securities tokens will comply with international securities law built into the Blockchain as our company is registered with the Cayman Island Monetary Authority as a securities business as well as our suit of companies that we are shareholders in registered as a US broker dealer with FINRA and an alternative trading system (ATS) registered with the SEC. We do not shy away from compliance and forecasted the regulatory needs of our industry as the sector grew.

Community, Management & Team: Who is building this? How strong, large and capable is the team and the community?

Dixon: I spoke at the first Bitcoin conference in the world and wrote what I believe was the first book in the world to include Bitcoin. Early on Sir Richard Branson sung our praise in the Telegraph. We have an all-star line up of advisors. Notable customers include some of the most reputable and valuable companies in the sector including Kraken, BitFinex, BitStamp, ShapeShift, BitPay and over 100 others.

Through deals listed on our online investment platform we have co-invested alongside venture capital firms Google Ventures, Andreesen Horowitz, Founders Fund, Index Ventures, Draper Associates, Blockchain Capital, Digital Currency Group, Pantera and many others.

Earnings: What will the project earn or what will be done using the project, coin, token or network? What will be transacted on it?

Dixon: The coin can be used to unlock membership levels on our online investment platform for qualifying investors to get early access in deals as well as power our secondary market once launched. For non-qualifying investors BFT token holders can earn tokens by contributing to our due diligence, research and analysis and investor relations process.

Supply & Demand: Is supply of the coin fixed or limited? How is supply decided?

Dixon: The supply is fixed at 1bn BFT tokens. The token sale will sell 33m of these tokens at $0.10 and there will be no bonuses or discounts that dilute the token in an unfair manner. The rest of the tokens will be released as rewards for the BFT community or owned by our company with a transparent lock-in period as we build the BFT network.

Usability: What will the coin/token be used for? Is it a fuel, rail, mechanism, share, API key or something else?

Dixon: Our security tokens will represent shares in the underlying company being traded for qualifying investors. Our utility token is a membership and rewards token giving users the ability to participate in providing transparency to the market of Bitcoin and Blockchain companies.

Industry/Institutional Backing: Who in the industry is working on this? Does the project have notable partners, developers, joint ventures, investors or customers?

Dixon: Notable customers include some of the most reputable and valuable companies in our sector including Kraken, BitFinex, BitStamp, ShapeShift, BitPay and over 100 others.

Notable advisors include Civic CEO Vinny Lingham, Abra CEO Bill Barhydt, Smith + Crown CEO Brian Lio.

Through our platform we have co-invested with some of the top venture capitalists in the industry including Google Ventures, Andreesen Horowitz, Founders Fund, Index Ventures, Draper Associates, Blockchain Capital, Digital Currency Group, Pantera and many others.

We were early investors in many of the first and most valued token sales including Ethereum, Maidsafe, Storj, ZCash, Civic and many others.

Technical: What are the technical details? Does it work now? How?

Dixon: Our BFT token will be ready to use before we launch our public sale. Before then we are doing a Simple Agreement on Future Tokens (SAFT) with our qualifying investors on our online investment platform. The token sale smart contract is being built with compliance in mind and will be ready for the public sale in February 2018. The public sale will not launch until the utility of the token is complete and ready to be used by token purchasers upon purchase. Both the public sale and presale participants will have one simple membership price on the same terms.

X FACTOR: What's your secret sauce. What other evaluation factors do you want to add?

Dixon: We have been here very early and working on our compliance models for 7 years. We came from Bitcoin after careers in banking. We understand both traditional markets and we are huge believers in Bitcoin and Blockchain that has supported the sector from very early. We believe we have the unique experience of both Bitcoin, Blockchain, FinTech and traditional finance to help the industry scale to a trillion dollars on market cap and beyond. We also have all the connections and experience in the industry to continue supporting the largest and most valuable companies in the sector who we have won a lot of trust with. We already have a large community of accredited investors and look forward to bringing the BFT token to the rest of the community.

About Simon Dixon
Simon Dixon is the CEO & co-founder of online investment platform BnkToTheFuture.com who have invested over US$200m in FinTech companies. An ex-investment banker turned Bitcoinder & author of the book 'Bank to the Future'. An active FinTech, Blockchain & Bitcoin angel investor with investments in Bitfinex, BitPay, Unocoin, Kraken, BitPesa, BitStamp and over 100 others. You will find Simon regularly quoted & appearing in much of the major press & media including BBC, FT, CNBC, Reuters, Bloomberg, Wall Street Journal to mention a few.

More Stories By Xenia von Wedel

Xenia von Wedel is a Tech blogger and Enterprise Media Consultant in Silicon Valley and Paris, serving clients in a variety of industries worldwide. She is focused on thought leadership content creation and syndication, media outreach and strategy. She mainly writes about Blockchain, Enterprise, B2B solutions, social media and open source software, but throws the occasional oddball into the mix. Tip her if you like her articles: http://xeniar.tip.me