Baanx has fifth generation enhancement technology based on virtual system protection technology

Tymon Verman
5 min readOct 27, 2018

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The difficulty of transferring current holdings to the crypto markets in terms of diversification, liquidity, bias to price discrimination and lack of consistently available market services, has deemed the exponentially growing market unreliable to prospective participants and in turn limiting them from entering. Moreover, the lack of knowledge in the market about blockchain, smart contracts and the variety of possible useful implications, have caused the participants to turn down profitable investment opportunities.

Baanx Overview

  • Baanx intends to be not just the World’s 1st Cryptobank network sharing bank licenses, but they are in a race to be the world’s 1st Cryptobank as none exist currently. The market opportunity is huge and it is important that they grow key services you would expect from a traditional bank, yet do this better and with the addition of Cryptocurrency functionality.
  • To deliver the goals of the project Baanx already has what is needed before a successful Token Sale is completed; namely a superb team, a great vision and MVP.
  • Baanx intends to get additional licenses to operate the scale of growth they envisage occurring globally and to cement Baanx’s position as the World’s 1st Cryptobank network sharing bank licenses so that the organisation can deliver the scale of growth and success needed for the future.

Why Baanx

Baanx.com is designed as both a Group of Direct to market brands (some already operating) and a Decentralised Open Ownership Cryptobank and Crypto-Financial Services structure to allow the fastest growth in the Blockchain era. This means the Baanx OpenAPI is an open platform concept where other Cryptobank entrants can join Baanx platform, share their licenses and easily launch their own licensed Crypto products to their customer following quickly.
By partnering with Baanx.com — hundreds of businesses will be saving huge time and money in setting up Crypto-Financial Services operations tailored to their own needs — with all operating with the BAANX token.

Baanx products

Baanx products bring together core bank functionality on a secure scale-able OpenAPI platform for Cryptobank products and services:

- Mobile Wallet

One of the world’s most secure Cryptocurrency wallets in the world with the world’s 1st Cryptocurrency insurance, so you know your Crypto is protected with non-fault loss through superb security, encryption, custody and Baanx cold storage.

- Fast exchange access to 3rd party exchanges for best prices

Integrating into Exchanges to give customers the best prices. Built on cutting-edge, global stock exchange technology that is hugely expensive — yet offers us the opportunity to enable our customers’ access to major world exchanges.

- OTC

With connections to multiple Exchanges and our personal OTC contacts, clients can trade, liquidate, and buy crypto in large quantities ($1m minimum)

- Crypto-Pay

We handle the crypto to Fiat conversion and risk so you can pay with crypto in real time, at over 45 million POS locations worldwide- anywhere major credit and debit cards are accepted. Baanx technology and partners enable even Bitcoin to be used in this manner.

- Crypto-Credit Card & Lending

Baanx will expand from our consumer lending roots to additional markets and ultimately use fractional reserve banking to deliver secured and non-secured lending as well as P2P lending. Some of these multiple ‘new’ products will be via Fintech partners on our platform.

- Baanx OpenAPI creats a Fintech App marketplace

Baanx OpenAPI allows external developers to access Baanx Customers. This will make Baanx the destination to access a hugely innovative app marketplace and a wide variety of products and services. Traditional brands and communities (Air mile/Loyalty programs, Games, Educational Institutions, etc.) will be able to launch, their own Cryptobanks, all using the limited supply of Baanx Tokens and access key products that suit their specific customers and users.

World Class Security

Baanx has fifth generation enhancement technology based on virtual system protection technology.
Mobile

  • Android HTML5 script encryption
  • Assembly code compression and encryption
  • mShield transparent local file encryption
  • APP integrity cross-validation technology
  • mFirst anti-debugging technology- protection from static analysis and dynamic debugging
  • iOS Obfuscation
    Some, but not all, additional Key security features
  • Multi-signature deposits and withdrawal schemes which can only be used by partners.
  • Amazon Web Services/PKI crypto to protect the servers with text messages and two-factor authentication, as well as hardware tokens.
  • Bank level system for risk checks on transactions.
  • Email notifications, and PGP encryption is used for all communication.
  • Secure Database popular amongst major banks in high frequency trading applications (fast, reliable, proven, $billions move daily).
  • Withdrawals are all individually hand-checked by employees, and private keys are never stored in the cloud.
  • Deposit addresses are externally verified to make sure that they contain matching keys.
  • Background security checks for all employees
    Baanx Cold Storage & Custody Solution is enormously secure, further information will be coming shortly.

Whilst developing innovative products and services Baanx realised we could also offer something truly different to the world, a shared license system that will allow effectively anyone qualified to enter Crypto- Financial Services, driving their contacts, customers and people who trust them into new, cutting-edge, Cryptobank brands on the Baanx.com platform. A model that allows new Crypto- Financial Services brands to be able to release vital services to their own loyal communities, followers and supporters quickly, cost effectively and easily.

For More Information
Facebook: https://www.facebook.com/baanx.io
Twitter: https://twitter.com/baanxcom
Telegram Group: https://t.me/Baanxcom01
Whitepaper: https://baanx.com/request-whitepaper
Website: https://baanx.com
Bitcointalk ANN: ttps://bitcointalk.org/index.php?topic=3052592.0

The bitcointalk username: Infra Trigger
The bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2377670

My Ethereum: 0xFae58509Eb67aBBE5bEBeE77D972B73D89B1EAE1

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