Project Overview

Knabu KBU
We have started the license process to be a clearing bank here in the UK. We are looking to provide fiat clearing and re-engineer the outdated bank model towards universal settlement. Our token platform is designed to enable credible token projects to launch with e …
Ticker
KBU
Country
United Kingdom
Industries
Website
Contact Email
info@knabu.me
White paper
Platform
Total Supply
1000000000 KBU
Social Media
Medium
Bitcointalk
Telegram
Google Plus
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Slack
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YouTube Channel
Discord
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Github
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Steemit
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Project Description
Description
In short, we are a blockchain technology company that has started the authorisation process to be a utility bank in the UK. Our tokens will be sold to the public by auction which will determine the token price. Our minimum funding goal is £30m. The total token supply is 1B tokens of which 750M will be available for sale. We are in pre-ICO.
We want to enable innovators and future thought leaders to focus more on the quality and strength of their proposition. We will help them do that in two ways.
First, actors in the crypto economy should not have to worry about getting a business bank account or the stress of it being closed at short notice due to unjustified ‘risk’. Having an operational commercial bank account in our opinion is a basic right that should not be denied to crypto companies because they are doing something new. At the same time, the bank model is outdated. We are engineering our utility bank to use blockchain technology and build upon decentralised mechanisms that can remove inefficiencies that exist today.
Second, we want to enable our economy by building a stake and reputation driven platform where credible token projects are incentivised. This DApp aims to reward and support good actors with community consensus and easy to use tools so that innovators can focus more on the quality and strength of their proposition.A utility bank is also known as a clearing bank. In the UK, clearing banks have settlement accounts with the Bank of England. The entire UK payment system settles across these Bank of England accounts. There are currently only seven UK clearing banks.
In the last 250 years, there has only been one clearing bank to enter the UK market. We are looking to further break this monopoly and be the first blockchain technology business to offer clearing. In addition to deposit taking and transaction processing of our own customers, we’ll facilitate the actual movement of money from one account to another between customers of other banks and payment service providers (PSPs). We’ll do this as a B2B business, being direct members of fiat payment schemes (eg Faster Payment and CHAPS).
Utility should be the order of the day in providing valuable services and helping the economy to grow. So we plan to introduce products and services which are blockchain aligned and which leverage the efficiencies of self clearing assets towards a universal settlement layer.
ICO Overview
Ticker
KBU
Accepted Payment Methods
BTC, ETH, LTC, XLM, NEO, WAVES, DASH, OTHER
MVP?
KYC/Whitelist
Whitelist Only
Soft Cap
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Hard Cap
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Restricted Countries
USA China
Bounty Program
Airdrop Overview
Current Status: Unknown
Description
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Amount Available
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Start Date
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End Date
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Private-Sale Overview
Current Status: Unknown
Private Sale Price
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Private Sale Goal
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Private Sale Min Contribution
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Private Sale Available for Sale
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Private Sale Start Date
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Private Sale End Date
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Pre-Sale Overview
Current Status: Ongoing
Price
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Goal
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Minimum Contribution
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Available for Pre-Sale
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Pre-Sale Start Date
November 13, 2018
Pre-Sale End Date
March 1, 2019
Public Sale Overview
Current Status: Unknown
Public Sale Price
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Available For Sale
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Public Sale Minimum Contrabution
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Public Sale Start Date
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Public Sale End Date
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Team Members

Barry Macmahon
CTO

Janet Akala
CFO

Diana Mihaylova
Head of Sales and PR

Tom Nabielec
Head of Digital Marketing

Dmitriy Tkalich
Full-Stack Developer

Mykhailo Horbunov
Full-Stack Developer
Project Advisors

Ian Grigg
Advisor

Rod Ashley
Advisor