[ICO] [BOUNTY] Forty Seven Bank - Universal bank of crypto currency and folding money fortyseven.io FortySeven Bank summary





 We connect financial worlds

Bank Forty Seven is a bridge that can connect the two worlds of finance and create effective communication between them, which will bring the modern financial system to a qualitatively new level.

Forty Seven - This is a unique project for creating a modern style of the Bank, both universal and for users of cryptocurrencies, and for the adherents of the traditional monetary system, the Bank has recognized the international financial organizations and meets all regulatory requirements.
The objectives of a team of professionals in the banking and financial sectors who have experience in the creation and licensing of payment systems and financial institutions.

Our Bank is the largest structure of the operating system in accordance with the regulations and the Directive PSD2. We have a plan to meet the requirements of customers and LMA policies, interact with representatives of the market "gray."

Forty Seven is based on three principles: relevance, convenience and security. To do this, our specialists use the latest technologies and developments: blocks, biometrics, smart contracts, machine learning, and much more. Our goal is to create a viable tandem quickly by the crypto-currency sphere and the reliability of the banking system in fiat money.



The uniqueness of Forty Seven Bank will have full legal and technical equipment for processing the crypto operations of the Bank will focus on financial services digital to fully support cryptocurrencies and traditional fiat money.

The main procedures include selling and buying cryptocurrency, investment and currency options, crypto-saving and settlement account. Will offer unique crypto products, such as bonds, futures and options.

Multicurrency account is one of the main innovative products from Forty Seven Bank, which will allow customers to have access to your accounts in different banks and crypto-purse, but also from their investments and savings in bitcoin and its equivalents through the application. Will have the opportunity to work with each type of assets, from one account with several assets to the Forty Seven Bank.

Functions and technologies



Relying on the banking sector and the cryptocurrency industry, we will take all the best that we can offer in two areas, using innovative and proven technology in the fields of finance, analysis and data security.

 Forty Seven Bank will provide an open, flexible and well-documented API covering most of the Bank's services. We organize an exclusive financial applications platform using our API. To attract customers and third-party developers, we plan to make an effective ecosystem, including the cost will continue to grow.

 The use of smart contracts automates the financial processes that allow you to carry out transactions and issue loans without the risk of fraud. The introduction of automatic learning technology can create a personal account processor, and handle all customer requests. Virtual Assistant will help in the redistribution of financial flows and timely provision of financial information relevant. Biometric technology and blocks remotely open an account and access from your smartphone and to ATM without using a card. In combination with encryption encryption, these changes will increase the security of personal and billing data.

Blockchain Technology:
Blok's technology will turn the financial sector as a whole and banking. The developers of Forty Seven Bank are proud to be a part of this transformation and want to play a key role, development and production support, financial products and solutions for our customers. Blocks should be used not only for cryptocurrency lovers, all people and businesses should take advantage of this innovative technology. The Bank, Forty Seven, to offer our customers with multi-purses. Customers of the Bank, Forty Seven can keep the cryptocurrencies in the wallet to control the current balance, it is easy to send and receive digital currencies, request a history of payment transactions. Customers will be able to work with cryptocurrencies, as they are doing now with currencies cf. It will be easy and safe. In order to ensure the servicing of several cryptocurrency wallet, Forty Seven Bank will be integrated directly with all state large blockchains. We safely and securely store the public and private keys, the transaction was carried out on the blocks and solve other technical problems of our customers. Therefore, our customers do not have to worry about these problems.




Forty Seven Bank will provide a Cryptocurrency gateway. Cryptocurrency payment system. Will create a question of price stability Cryptocurrencies. White list and black list. Authentication service for individuals and businesses.




Technology Smart contracts:
Forty Seven Bank offers digital currency tools such as Cryptologic and CryptoFighter for our customer traders. Strict compliance with the terms of the contract, guarantee of smart contracts, which are carefully designed and tested in our Bank. Our clever contracts will be recorded in the contract, a strength-oriented programming language and will work on a network of blocks for Refugees. The source code for these contracts will be transparent and published on the GitHub public for inspection. Forty Seven Bank will provide a set of pre-installed smart contracts, and these contracts can be used as standard agreements between the Bank's customers. Smart contracts are binding on him for all parties involved. The rules of these smart contracts can instruct the Bank to transfer Fiat or crypto funds from the client's account to the account of another client. These shipments are carried out by the Bank under certain conditions of a smart contract. The bank will be required to strictly abide by these smart contacts.

Automation of Business Processes:
Smart contracts can be used to link business processes with different organizations. Such contracts can be used to provide information about the company:
- I completed my part of the work
- Signing of the agreement, necessary -
- Confirmation of booking -
- Agree to pay for service
-The evidence that these events actually happened is stored safely in public blocks and can be checked by anyone who wishes.
Combined with strict implementation of the financial part of the smart contract of the Bank, Forty Seven, these smart contracts, create a high level of trust between companies that decide to combine their business processes this way. In order to meet the financial part of the smart contract, Forty Seven, the Bank can temporarily dispose of funds and transfers between customers' accounts.

Machine learning technology:


At Forty Seven Bank, the training machine should be used in a variety of operational and analytical functions, such as identifying fraudulent transactions. Simple checks, transactions, if they were successful, the machine learning algorithm was "transferred". Algorithm klassificeret the transaction levels of risk. If the operation is characterized by an algorithm like "suspect", the group of investigators checks.
The advantages of this method is the amount of information that can drive machine learning models, which they can look at high dimensional spaces, and extract as much useful information as possible. A person will never be able to go through more than 10,000 operations within a few minutes, and draw serious conclusions about them. In addition, fraudulent transactions are usually interrelated in time and space, the machine for manufacturing training models are ideal candidates for their identification.

Innovative products for private and business customers

The main product is a multi-account for customers with a card. Distinct identification and authentication based on passport and biometric data A unique combination of payment instruments through SWIFT, debit and credit cards, electronic wallets, secure cryptopedia All types of coins and in the banking application are considered, without having to wait for trade. Has an input, output and conversion of all parameters A wide range of services, including loans, insurance, invoice, debit card management and credit cardsCross-platform access to the management of customer accounts opened with banks. Directives Ес PSD2Convenient and intuitive user interface Analytics that helps clients take correct financial decisions with the help of AI algorithms.

The product is designed for small and medium enterprises. Management of the account through the API, creating applications, financial payments of the operator in the form of coins and Fiat funds to the company account (cards, SWIFT), using forms or API Payments to the masses for the marketCustomer retention management using large data sets Accounting for Services , based on the work of intelligence and big data (algorithms, artificial intelligence will be able to determine how the probability of repaying the loan, as well as timely financial assistance for the enterprise) Escrow servicesApplication for Mobi biometric identification devices for transactions in several account currencies.

Tools and services for developersAbility to provide turnkey service of the Bank Forty Seven under its own brand Access to an API that allows the development and implementation of modern financial services based on infrastructure and processes Forty SevenConference DevDays for independent developers Presentation of financial applications with the help of api Forty Seven.

Individuals:
Forty Seven Bank offers MultiSet customers a multi-currency card that allows you to manage the accounts of all European banks through the interface of the Internet Bank or mobile application. Calculating, converting, buying and selling a cryptocurrency and paying with a payment card at any time accepting cards and ATMs.

- A unique interface (online banking and application for managing customer accounts of all European banks, in accordance with the requirements of the PSD2 Directive.
 The new standard was introduced on January 13, 2018, to allow customers to manage all their accounts in different banks-ZEE from one place. Do not enter the account number and confirm your consent to access, right after that, the client will be available to all services, Forty Seven Bank
 - Distance of authentication and authorization based on a set of data, including biometrics.
To become a client of the Bank, simply visit the Bank's website or download the application. The identification is carried out online, without the need for a visit to the Bank. Immediately after the identification of the client, offers a full set of account functions to access the crypto currency services, payment cards and by mail.
 - Convenient interface and financial analyst, help the client in the promotion of finance, based on the analysis of algorithms.
 A good system of personal finance management tools analyze monthly expenses, select a range of fundraising and planning for large purchases, flexibly manage the budget based on various tricks and tips.
 - Work with cryptocurrency on the input and output within the Bank application, not wait in the exchange course. Input, output, conversion for all pairs
You can buy and sell crypto-currencies, internal bank rates at low prices and without long waiting. To transfer the cryptocurrency to Fiat money, to all linked accounts or credit cards.
 - Convenient payment tool SWIFT, credit and debit cards, secure cryptopedia
Thus, the clients of Forty Seven Bank receive modern integrated banking services that allows you to combine high technology in the bank, cryptocurrencies and every day a project tool that is available 24/7 from anywhere in the world.




Business products:
Bank products for small and medium-sized businesses allow you to integrate top-down payments into the business process that take place in the online environment and at sales points. A large enterprise can build its own financial instruments on the basis of the bank's infrastructure, communicating with it through the API.



- Receiving payments to the seller, such as encryption and traditional methods (Swift)
Bank customers will be able to accept payments in encryption on Internet sites and online stores through an online form, using a plug-in CMS or API that allows you to integrate payments, like websites and mobile applications. The funds will be automatically converted at the rate of the Bank and credited to the company's account in the form of currency.
 - Account management through API, create applications of financial compensation for the mass market, management of loyalty with the help of data
At the same time, thanks to the services built in accordance with the new account management functions, we offer a standard PSD2, companies can develop their own mechanism for account management: in your place, payments to partners are flexible loyalty programs and similar services.
- Factoring, based on artificial intelligence and data analysis
Based on the collection and analysis of data, we provide fast factoring algorithms for artificial intelligence can predict not only the likelihood of a loan repayment, but the need and the possibility of financial assistance.
Forty Seven Bank provides the services of the obligation and is the guarantor of fair transactions

Tools and services for developers and financiers
We offer a wide range of opportunities for software developers and partner banks. From accounting, shooting and financial services of the bank, provided through the API call, the ability to quickly perform customer service on the basis of the forty-seven Bank's infrastructure provided to clients through the implementation of the White Label Concept.

- Access to the API, which can be used to develop and implement modern financial services based on infrastructure and processes.
Independent developers can create applications that expand the functionality of the Bank's proposal or create their own financial services, accounting and registration applications for program identification, and systems for automatic bill payment.
 - DevDays for other businesses
Forty-Seven, the Bank will embark on the communication technology for independent developers and financial institutions that want to create products based on the Bank's services available through the API. In addition, we will conduct educational programs and courses with priority access for token owners, Forty-Seven Bank.
 - Service "white mark"
Each Bank is able to provide financial services based on the services provided by Forty-Seven Bank to maintain its own brand and customer base. A partner bank under its own brand name is the ability to quickly launch selected services (or applications) for the entire audience. Without changing its own infrastructure, it is necessary to change the procedures and obtain the appropriate licenses from the banking regulatory authorities.
 - Presentation of financial applications
A universal infrastructure that connects creators with the Bank's customers. Applications at the request of clients and partners of the Bank will allow you to create a stable source of income for independent software developers and financial services.

Forty Seven Token
Forty Seven Token: a marker that gives the right to take priority place in the Bank, Forty Seven loyalty program. FSBT chips will be eligible to receive an annual bonus in the form of other (LBSA) markers depending on the number of chips and the financial performance of the Bank over the past year. Also, FSBT markers is a practical application in the Forty Seven Bank ecosystem. After the conclusion of the part of the collection, which will be available for trade on the cryptocurrency trade.

Title: FSBT.
Issue: is provided by a number of smart contracts that interact with each other.
Course: fixed, the cost of one token - 0.0047 ETH.
Maximum number of generated tokens: 11,063,829 FSBT (including bonus, bounty, and token tokens).

Using the token:
20% of the Bank, net profit last year, will be channeled to the loyalty program. Creates the required number of FSBL markers and demand through the smart contract holder for the tokens, it will be necessary to get the number of FSBL markers that can be exchanged for goods and services on the trading platform, at Forty Seven.

Distribution:




ICO
ICO Round 1: November 16 - December 16, 2017.
ICO Round 2: December 17 - February 28, 2018.
ICO Round 3: March 1 - March 31, 2018.
Softcap: 3 600 ETH (1M EUR).
Hardcap: 36,000 ETH (10M EUR).
 Accepted crypto-currencies during ICO: ETH, BTC.

Special benefits for ICO participants:
The structure of these benefits depends on the amount of contribution to the ICO. To receive it, a person must become a client of the bank, and then act in accordance with the procedure "know your customer" (ZSK).

 If a person makes an investment between 0.1 and 1, ETH receives:
Free multi-account: IBAN (EUR, USD, etc), crypto-purses (BTC, ETH, etc), investments.
If a person makes an investment of 1 to 5, the ETH receives:
Free multi-account: IBAN (EUR, USD, etc), crypto-purses (BTC, ETH, etc), investments; Free Visa Classic credit cards to be mailed.
If a person makes an investment between 5 and 10 ETH gets:
Free multi-invoices: IBAN (EUR, USD, etc), crypto-purses (BTC, ETH, etc.) investments; Free Visa Platinum Credit Card, which will be sent by e-mail; 25% discount on personal and travel insurance for the payer and two family members for the first two years.
 If a person makes an investment between 10 and 50 ETH gets:
Free multi-account: IBAN (EUR, USD, etc), crypto-purses (BTC, ETH, etc), investmentsFree Visa Platinum Credit Card to be sent by e-mail; 30% discount on personal and travel insurance for the payer and two members of the family for the first three years, no commission for withdrawing cash at any ATM in the world in the first year.
 If a person makes an investment, between 50 and 100 ETH, we get:
Free multi-account: IBAN (EUR, USD, etc), crypto-purses (BTC, ETH, etc), investments; Free Visa Platinum Credit Card to be sent by e-mail; 50% discount on personal and travel insurance for payer and two family members during the first five years, No commission for withdrawing cash at any ATM in the world during the first three years; Special conditions for trading activities.
 If a person makes an investment of 100 or more, the ETH receives:
Free multi-account: IBAN (EUR, USD, etc), crypto-purses (BTC, ETH, etc), investments; Free Visa Platinum Credit Card to be sent by e-mail; 50% discount on personal and travel insurance for payer and two family members during the first ten years No cash withdrawal commission at any ATM in the world during the first five years Special Conditions for Entrepreneurship Do not charge for using all of the Bank's products and banking services at Forty Seven all the time (with the exception of loans).

BOUNTY Company:
Allocated 5% of all FSBT tokens

 Community management campaign - 10%
 Managing the community on Bitcointalk → 500 points per week;
Community management → Reddite 500 points per week;
Community management in group telegram → 250 points per week.
Avatar and signature campaign - 25%
Junior Members → 10 points per week;
Members → 20 points per week;
Senior Members → 40 points per week;
Full Members → 40 points per week;
Legendary Members → 60 points per week;
Hero Members → 60 points per week
Translations campaign - 20%
Localization of all website texts → 3,000 items;
Translation of large text into your language (20,000+ characters) → 1,500 points;
Translation of the middle text into your own language (10 000 - 20 000 characters) → 1 000 points;
Translation of a small text into your language (<10 000 characters) → 500 points.
Blogging campaign - 20%
 Large original of the article (20 000+ characters) → 1 000 points;
Medium-sized original article (10 000 - 20 000 characters) → 500 points;
A small original article (up to 10 000 characters) → 300 points (If you translated an article within the "Translation" campaign yourself) publish translated articles directly to your blog → 300 points;
Repost non-original article press release / in your blog → 100 points;
Publish articles on averages + share on Facebook + Tweet → 300 points;
Publish an article on Steemit + share on Facebook + tweet → 300 points;
Publication of articles on the voice. IO + share on Facebook + Tweet → 300 points.
Long video review of the project (30+ minutes) → 2,000 points;
Medium-length video review of the project (up to 30 minutes) → 1,000 points.
Facebook campaign - 10%
 A participant can earn a maximum of 10 points per weekEach participant should like and follow the official page of Forty Seven Bank on Facebook;
Each participant must be a member of the official Forty Seven Bank on Facebook;
Publishing 2 personal messages a week, accompanied by one of the following hashtags - #fortysevenbank, #gofortyseven; Share 5 posts a week from our official Forty Seven Facebook page.
Twitter campaign - 10%
A participant can earn a maximum of 2-5 points per week (depending on the number of his followers, followers 300-999 - 2 points, 1000+ subscribers - 5 points)
Publication of 2 personal tweets per week and the following is hashtags: #fortysevenbank, #gofortyseven, a link to our Twitter profile; Publication of 5 retweets per week; Leave a Like under all official tweets of Forty Seven Bank's account.
Telegram campaign - 2%
In this campaign, each participant can earn 10 points if he fulfills these requirements: Join the official fortysevenbank group in a telegram, actively communicate, help beginners and answer frequently asked questions of other users throughout the ICO campaign (until December 11 or before achieve Hard Cap).
Bug tracking campaign - 3%
 Search for errors on the site:
Minor bug in → user interface 200 points;
Serious error in the user interface (Vulnerability which can lead to loss of data or possible injections to the database) → 500 points;
Minor server vulnerabilities → 500 points;
Average server vulnerability → 1,000 points;
Critical frontend / backend Vulnerability that allows you to change information on the site → 4,000 points.
Search for errors in smart contracts:
Follow our bitbucket / github system at → 20 points;
bitbucket / github in the detailed review of the smart contract → 100 points;
bitbucket / github in search of errors → 100 points;
bitbucket / github in the improvement of the smart contract → 500 points.

Official resources:

author : ompin

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