Bankex Tokenization of Assets
What is liquidity of assets?
A liquid asset is cash on hand or an asset that can be readily converted to cash. An asset that can readily be converted into cash is similar to cash itself because the asset can be sold with little impact on its value. Investments are considered liquid assets because they can be readily liquidated. (http://www.investopedia.com/ask/answers/032715/what-items-are-considered-liquid-assets.asp)
Conventional transfer of assets requires a high cost. The transfer process will require space and time. The trend of investors and business people is to make the assets liquid. By converting non-liquid assets into liquid assets the entrepreneurs will be easier to grow their business, obtain fresh funds and transfer their business rights.
The difference between Tokenization and Digitization of assets.
The process of liquidity of assets that occurred during this time is the method of digitization.
Digitization is about asset description and its publishing on the market. Tokenization is about asset description, validation by oracles, asset price calculation, automated audit, calculation of cash flows based on its price.
Bankex Proof-Of-Asset Protocol.
Bankex is the organization in charge of uniting its members to implement Proof -Asset-Protocol.
The product of BANKEX is the Proof-of-Asset Protocol, which solves the issue of non-fungible asset liquidity. Proof-of-Asset means the token released as part of the protocol is ensured with an asset (https://bankex.github.io/whitepaper/bankex-whitepaper.pdf).
Bankex’s business model is a modern financial service. Integration among bank as a service (BaaS), technology and artificial intelligence (AI) produces valuable products in the financial markets.
Bankex Foundation
BANKEX Foundation is a non-commercial selfregulated organization with a community the members of which are engaged in work and development of smart contracts for new Smart Assets and Product Instances created with its participation.(https://bankex.github.io/whitepaper/bankex-whitepaper.pdf).
Bankex legality has been verified by US financial institutions so that Bankex becomes a US regulatory compliant crypto investment.American citizens, both private and corporate, are permitted to invest in Bankex.
(https://blog.bankex.org/bankex-is-legally-approved-be42d0115aff).
Bankex Crowdsale (ICO)
To participate in ICO please visit Bankex website.
Bankex will implement ICO and invite investors to invest. Investors can invest with ETH, BTC. You will receive the ERC-20 BKX tokens at Etherium Wallet. Use a compatible Etherium wallet to receive the ERC-20 Standard tokens. Do not forget to always secure your wallet.
Bankex Website : https://bankex.com
Whitepaper :https://bankex.com/en/whitepaper
Bitcointalk Ann: https://bitcointalk.org/index.php?topic=2013627.0
Twitter : https://twitter.com/BankExProtocol
Facebook : https://www.facebook.com/BankExchange/
Telegram : https://t.me/bankex
Reddit : https://www.reddit.com/r/bankex/
