Banca ICO (BANCA)

A Cryptocurrency Investment Bank Community


Banca, the decentralized investment banking community, is made up of four departments:(1) Primary market services that include facilitating ICOs, bond offerings and securitization of crypto assets, (2) Secondary market services that include investment research on digital assets, rating service and digital asset management, (3) OTC digital financial services that include digital financial derivatives, liquidity management, portfolio risk management and digital asset custodian, and (4) Foundational services that include legal services, accounting and auditing, etc. Banca will track the performance of all primary market and secondary market projects running on it platform, maintain the data on blockchain and generate automatic reports, which are also incorruptible.

Artificial Intelligence Banking Big Data Cryptocurrency
3.0

by expert rating and reviews


3.0
ICO PROFILE
TEAM
VISION
PRODUCT
Ended
Token BANCA
Platform Ethereum
Raised $20,000,000
Country Singapore
ICO Start Date 26 Feb 2018
ICO End Date 26 Feb 2018

About Banca

Wall Street on Blockchain: Is a Revolution Coming?

Recently a team of veteransfrom Wall Street and Silicon Valley is trying out a new type of investment banking community using blockchain technology, facilitated by big data and artificial intelligence, to rebuild the traditional investment banking system.The project is named 'Banca', a decentralized investment banking community running on blockchain.The team is based in Shanghai and Silicon Valley, in a joint effort between high-tech and high finance,  tocreate “a Wall Street on Blockchain”.

The Background of Banca

Investment banking services nowadays have reached the very top of the financial industry food chain after over a hundred year's development on Wall Street. Names like Goldman Sachs, Morgan Stanley and Merrill Lynch are synonyms for world financial elites. However the bankruptcy of Lehman Brothers, a well known investment bank on the street at that time, has pushed the 2008 financial crisis into an abyss. The hidden fact behind this was how hard those 'too big to fail banks' had pushed world financial resources into assets relating to the housing bubble, totally out of their own interests. Their greed eventually cost trillions of dollars of taxpayer’s and investor's money. Wall Street, always at the center of the financial world, has been faced with the most challenging situation in its history as this American financial dream model built after WWII is broken. It's hard to say that this marks the end of the American dream to maintain its power, but this definitely sounds the alarm for the American financial system which is in desperate need for a change. In this context, Banca comes with the idea of an 'investment banking community', aiming to solve the internal dilemma of traditional investment banks and to become the trail blazer of a future investment banking service model.

Banca is a decentralized,intelligent investment banking community.

In order to prevent the moral hazards existing in the centralized management of traditional investment banks, the banca team has set up the business protocol, trust mechanism and reward system based on blockchain technology.In the last couple of years, blockchain technology has improved together with the growth of cryptocurrencies, and now with a more matureunderlying architecture setup, is being applied to more and more industries outside the cryptocurrency world. The team believes it will also bring opportunity for the investment banking industry.

Banca community will utilize artificial intelligence and smart contracts to achieve automatic management. As blockchain technology ensures incorruptibility of data and smart contracts provides automation of transactions, the system can be considered highly credible while execution cost and compliance cost are greatly reduced.

The Banca team has cumulated more than ten years' experience in big data analysis and intelligent robo-advising, which will become an important building block of Banca community service. With those technologies, the community will be more accurate in recommending relevant service providers for clients, provide more useful data and information for a specific client and connect fund raising projects with potential investors more efficiently. If the team can further improve Banca'sfunctions and keep the community services abreast with the most updated technologies in artificial intelligence, the aforementioned procedures will continually evolve into a better shape. Banca shall run as an eco-system by itself.

The Structure of the Banca Community

Banca, the decentralized investment banking community, is made up of four departments:(1) Primary market services that include facilitating ICOs, bond offerings and securitization of crypto assets, (2) Secondary market services that include investment research on digital assets, rating service and digital asset management, (3) OTC digital financial services that include digital financial derivatives, liquidity management, portfolio risk management and digital asset custodian, and (4) Foundational services that include legal services, accounting and auditing, etc..

Banca will track the performance of all primary market and secondary market projects running on it platform, maintain the data on blockchain and generate automatic reports, which are also incorruptible. This performance evaluation process is smart and dynamic and its result will decide the community's rating on service providers and the bonus level each service provider can get in return for hisor her work.

The Banca team firmly believes that the financial industry is the core area to be revolutionized by blockchain technology, and traditional investment bankingwon't be left out in this trend.

Will this truly revolutionize the investment banking industry? Only time can tell!

Team

Linda Chen member of Banca ICO
Linda Chen
CEO
Yuhan Cai member of Banca ICO
Yuhan Cai
CTO
Artem Sokolenko member of Banca ICO
Artem Sokolenko
CMO
Leo Li member of Banca ICO
Leo Li
Director of Digital Currency Investment Products
Pieta Feng member of Banca ICO
Pieta Feng
Senior Manager

Milestones

  • 1

    January 2018

    Banca community will be launched and complete ICO private placement.

  • 2

    February 2018

    ICO crowdfunding will be completed.

  • 3

    March 2018

    Banca will be listed on exchanges.

  • 4

    May 2018

    The first seed application Coin AI of Banca platform will be launched.

  • 5

    The End of 2018

    The Banca community investment banking platform will be built and the Beta version will be launched.

  • 6

    2019

    Many project sides, business sides, selling sides, technology providers and basic service sides and investors will join the Banca community investment banking ecological chain. Its digital asset investment banking businesses will be comprehensive. Banca will build up its status as the world’s first community investment bank!

Financial

Token Sale Info
Token BANCA
Token Type ERC20
Platform Ethereum
Investment info
Accepting ETH
Distributed in ICO 35%
Soft cap 15 000 000 USD
Hard cap 20 000 000 USD
Raised $20,000,000

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