Forty Seven was founded by the information technologies, finance, economics, marketing and game industry professionals in 2017. Forty Seven team is generating funds via Initial Coin Ofering (ICO) procedure to make innovative ideas come true.
The bank is going to be specialize in digital finance services by fully supporting cryptocurrencies and traditional fiat currencies. Basic cryptocurrency procedures include sale and purchase features, investment and exchange options and crypto-saving and current accounts. Multi-Asset Account will be one of the featured
innovative products ofered by Forty Seven Bank – it will allow customers to have access to all their accounts in dierent banks and crypto wallets as well as to their investments and savings in cryptocurrency and fiat equivalents via single application. It will be possible to operate with each asset type accordingly by having only one Multi-Asset Account at Forty Seven Bank.
Access to API. Open API allows external developer to create modern financial services based on Forty Seven Bank’s infrastructure and internal processes. These applications can both expand the functionality of bank’s products and adjust to needs of other company. Use cases of such applications are limited exclusively to programmers’ vision and preferences of potential clients.
Forty Seven Bank will hold DevDays technological conferences for independent developers and financial institutions. They will invite both experienced developers and new enthusiasts who are interested in use of bank’s API and creation of new products. They also plan to implement educational programs and courses with priority access For Forty Seven Bank token holders.
It’s a token that represents a part in Forty Seven Bank infrastructure and grants it’s wielder a priority place in the bank’s loyalty program. Holders of FSBT tokens have the right to receive yearly bonuses in the form of FSBL – Forty Seven Bank loyalty tokens. Besides that, FSBT tokens are crucial economical part of Forty Seven Bank’s ecosystem – they will be needed in order to get the access to full range of products and services. After the crowdfunding campaign is finished, FSBT tokens will be available for trade at various cryptocurrency exchanges.
FSBT tokens will be necessary element in order to exploit several important opportunities oered by Forty Seven Bank.
Developers will need to have at least 1000 FSBT in order to launch their application at Forty Seven Bank App Platform. The amount of tokens needed is dependant on complexity of the application and some other factors. For businesses, having necessary amount of FSBT tokens will be essential in order to build automated business with integrated blockchain and smart-contract technologies.