MyCryptoBank (MyCryptoBank) Review

ICO date: September 11, 2018 - January 31, 2019


Industry: banking


Description

Many believe the future of banking will be determined by blockchain technology. Few, however, have brought this vision as close to reality as a startup, originated in Estonia – MyCryptoBank. The idea of a cryptobank, providing a wide range of operations with both and fiat crypto currencies, has been “in the air” for quite a while and has seen several creation attempts. What makes MyCryptoBank unique and bound to succeed? The answer is threefold. Firstly, company received licenses in Estonia for cryptocurrency and virtual value turnover and keeping which sets it apart from many competitors that fail to receive official permits. 

Secondly, MyCryptoBank project has gathered a team of professionals with a deep and unique knowledge of the FinTech sphere. Thirdly, the range of services planned leaves nothing more to be desired: 1. Mobile cryptobank; 2.Crypto currency debit cards; 3. Time-saving and strongly-protected Payment Rings; 4. Exchange; 5. Cross-border money transfers; to name just a few.

The Whitepaper lists a detailed description of statuses ICO investors can get, depending on the amount of token he purchases (Standard, Silver, Gold and Platinum) as well as a list of advantages, token owners will have at each stage of implementation. These stages are also clearly defined: the full launch of  MyCryptoBank is scheduled for late 2019, by 2020 the team is planning to reach a breakeven point and start getting positive figures by year end.


Features

Benefits:

  • Low Commission of only 0.1%
  • No limits on client quality or business geography
  • No geographical limits on international transfers and also low costs
  • Hight transfer speed regardless of the amount money
  • Decentralized banking organization with excellent security
  • Minimal currency exchange commissions of only 0.1%
  • Full-time, remote availability

Founded: 2018, Estonia


Social networks


Conversion Block

  • Token MCB
  • PreICO Price 1 MCB = 0.2 USD
  • Price 1 MCB = 0.28 USD
  • Bonus Available
  • Bounty Available
  • MVP/Prototype Available 
  • Platform EOS
  • Accepting ETH, BTC, EOS, LTC, USD, BCH
  • Minimum investment 50 USD
  • Soft cap 3000000 USD
  • Hard cap 100000000 USD
  • Country Estonia
  • Whitelist/KYC KYC
  • Restricted areas USA

More on ICO


Technical details

  • Ticker MCB
  • Total supply 795,500,000
  • Token Distribution 65% ICO 10% Project Team 15% Reserve Fund 7% Partners & Experts 3% Bounty
  • Accepted Currencies ETH, BTC, USD, EOS, LTC, BCH
  • Min Contribution 50 USD


Milestones

  • 2006 ViPlat company foundation. Purchase of Forex trade terminal
  • 2015 5000 payment terminals installed. Contract with liquidity provider signed for direct access to interbank market. Commissioning of own payment system. Development of software – informational complex for payment processing, with the capacity of 20 thousand payment processing per minute
  • 2017 July MCB project concept developed
  • 2017 November 1 BIT OU Company registered
  • 2018 April Start of the trader personal account development. Document submitted for license for turnover and storage of cryptocyrrencies and cyber values.
  • 2018 May License for turnover and storageof cryptocurrencies and cybervalues granted: Provider of services for cyber values exchange to monetary (fiduciary) assets Provider of services for cyber values wallet. Completed development and launch of own crypto-exchange mycryptobank.1bit.online
  • 2018 July Arrangement of ICO Presale
  • 2018  August MVP MyCryptoBank Wallet (mobile crypto bank) Implementation of crypto-exchange MyCryptoBank service

Team

  • Yuriy Bolshukhin Co-Founder
  • Vladimir Bronnikov Chief Officer of the Planning Department
  • Mohanraj Tamilarasu Director of Cards and Payments Departments
  • Nikolai Panchenko Co-Founder, Chief Financial Officer
  • Anton Sivoded Co-founder, Chief Visionary Officer
  • Maksim Markov Co-founder, Chief Business Development Officer
  • Bogdan Venglyuk Director of Operations Department
  • Vladimir Kliuev Chief Information Officer
  • Jun Real COO Philuppines and New York, USA
  • Anton Tokishin Chief Information Security Officer
  • Alexander Dyupin Director of Communications
  • Benito Elisa Chief Professional Consultant
  • Alexey Sidorowich Chief Product Officer
  • Vladimir Nita Chief Compliance Officer
  • Naviin Kapoor Blockchain ICO Expert
  • Kyle Headley Customer Service Strategy Director

 


IndustryFinance
MyCryptoBank
StartSeptember 11, 2018
EndJanuary 31, 2019
Expired

Interested in buying MYCRYPTOBANK tokens? I think the team has achieved some outstanding milestones in 2018 and the project can be a germ for an investor. In May they received a license for turnover and storage of cryptocurrencies and launched their own crypto-exchange 1bit.online. In August they released a MVP MyCryptoBank Wallet, and in December - received a license for e-money emission. I think with such pace they will have no problems in achieving their targets for 2019 - crediting in crypto currencies - WOW! That sounds exiting!

Ewan   December 23, 2018  

Essentially a bank with enhanced features, MyCryptoBank can perform the same functions as a traditional bank along with extra services involving crypto. MCB explicitly states that it wants to become the most user-friendly crypto bank on the market.

Xad$r   December 9, 2018  

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