Reasons to Why People Invest in BFEX

4 min readMay 11, 2018

BFEX (Bank Future Exchange) is a company registered in Hong Kong which comprises four experienced co-founders in Business Management, Technology, Finance and Marketing. The mission of the company is to create a decentralised platform for peer-to-peer lending to help alleviating the world’s prominent issue of poverty; the unbanked. BPAY is introduced as another branch of BFEX’s business plans, a payment solution that turns cryptocurrency payment into reality.

1 — Team Composition

Team is an inevitable factor that should be taken under evaluation for ICO investment. BFEX has the whole team of experts across various industries, ranging from business development experts to financial analysts. BFEX’s advisory board comprises pure talents to assure investors that investing in BFEX should be the right choice. The team members got together under the same value and vision to develop a more sustainable financial system, as well as equal rights to financial inclusion.

Moreover, recently Onometra and DevGenesis, the blockchain expert teams from India, have agreed to join BFEX’s technology and system development which will definitely strengthen BFEX’s foundation in technological aspect.

2 — BFEX Constantly Growing Community

BFEX has been in existent in media coverage for only a month long and has been accepting new members to the community. The company’s twitter has grown to 1,500 followers and 28,393 users in telegram within a month, all from scrap. Here’s the statistics:

3 — Detailed White Paper in different languages to embrace every BFEX regional community.

BFEX offers a detailed White Paper explaining BFEX’s business structure and everything else required in helping investors to distinguish BFEX from other tokens. The Official White Paper has now been released in 6 languages: English, Russian, Indonesia, Arabian, Japanese and Chinese.

4 — Innovative idea of Decentralized Scoring and BPAY application

BFEX’s idea of DS is the core strength of BFEX and what establishes BFEX as one of the trustworthy ICOs. Because it implements the idea that people essentially consider their social acceptance important enough to be the guarantee for their lending and financial habit. The score collected by DS will be demonstrated in BFEX’s peer-to-peer lending platform to allow lenders and borrowers to make decisions based on these scores.

The image below explains how the system works:

5 — What are the BFEX tokens for?

The BFEX tokens are utility tokens meaning we generate the tokens in order to transform visualisation of payment solution for cryptocurrency into reality. BFEX supports their merchant partners by making BPAY application as easy as using ordinary credit/debit cards, only submitting after receiving the payment in ‘BPAY credits’ then fiat will be transferred back in 24 hours. This way the merchant partners do not risk their cashflow with the currency’s volatility. BFEX’s clients on the other hand, receives privileges from using BPAY as their payment choice. Moreover, BFEX offers the peer-to-peer lending in both BFEX tokens and fiat currency, therefore would be another utility of BFEX tokens.

Once the systems are stable as a steppingstone, the next step is to establish a connection for the unbanked and the rest of the economic community. In order to provide an easy access for the new users who might have not had any financial experiences, let alone the online banking, BFEX provides a simple application for the general public.

Below provides the rough design of BFEX application:

6 — Promotional Offers and Tokens Distribution

BFEX offers up to 20% bonus per each purchase, early bird gets the worm. BFEX prioritises relationship with investors, therefore, would give out 1,000 official shirts during the pre-sale for the first 1,000 contributors.

Not only the rewards that are attractive, BFEX’s airdrops and bounty programs accumulate up-to-date to 17,000,000 tokens. This represents their intention to widely distribute the tokens into different groups of owners and community building, in order to increase the token’s liquidity.

The Token Distribution shows:

Token Sale : 50% accounted for 105,000,000 Tokens

Reward & Bonus : 10% accounted for 20,000,000 Tokens

Bounty & Marketing : 12% accounted for 25,000,000 Tokens

Founder : 7% accounted for 15,000,000 Tokens

Advisor : 2% accounted for 5,000,000 Tokens

Development : 7% accounted for 15,000,000 Tokens

Loan Assurance : 12% accounted for 25,000,000 Tokens

For more information:

Official Site: https://bfex.io

Medium: https://medium.com/@bfexofficial

Twitter:https://twitter.com/officialbfex