Yes, we are talking about a challenging project that requires a lot of courage, willingness and capability to realize it

Read this text to understand what we already did and what we are preparing at the core of Bancryp. We reversed the process.

Beginning of 2018

The start of the year was marked by huge numbers in the cryptocurrency sector and decentralized companies launches, as well as by the start of Bancryp.

We began the search for key members and the building of our team of partners to start the construction and viability of the project.

We put together our knowledge about technology, sales, people, and finance to validate a business model that had been cooking for some months.

February, March and April

We realized that an ICO would be a great solution for some necessary demands:

1 — Raising funds to finance the technology needed for POS and to, in the earlier stages, offer our solution for free to partners and businesses that want to accept cryptocurrencies with the Bancryp Business solution. The fundraising allows us to allocate part of the budget to the acquisition of a certain amount of Readers/POS Devices and the certification of key establishments to promote the model throughout Brazil.

2 — Raising funds to ensure potential licenses. Even with a legal operation, we are extremely interested in expanding and verticalizing our solutions with a group of licensed companies to ensure that both users and other companies will be able to enjoy traditional services adapted to the cryptoeconomy.

3 — Capillarity to conquer important indexes and market share, that is, relevant information to understand customer behavior, favorable regions for commercial expansion and, of course, a great asset to strengthen and conclude negotiations with the big players in the market.

Aside from the ICO, we assumed the initial investment in order to start to develop our MVP, deciding to not depend on the ICO to make viable such a grand project.

So, we started developing our MVP:

• Physical structure
• Team
• Consulting
• Branding
• Travels
• Events
• App development
• Negotiations with Chinese business people
• Software development
• Investing in marketing
• Press Advisory team

In short, an absolutely reversed process from what we are used to find in the realm of ICO launches.

May 2018

May was marked by important meetings with potential investors and by our participation in the Blockchain Summit Latam, in Santiago de Chile.

During our stay in Chile, we were able to strengthen our relations with some large companies, big names from the banking and financial sectors. From then on, we understood that our project was actually much bigger than what we had imagined.

We had some stimulating meetings and extremely interesting proposals for expanding through some Latin American countries. Then, we took a crucial decision.

1º We will restructure the registration and company operations

2º We will structure an international operation to, in the future, support and international expansion, as well as the ICO

3º We will postpone the company’s opening records until the completion of the above-stated steps

However, behind the scenes, Bancryp was growing exponentially: we had even more important meetings and we confirmed our participation and sponsorship at the Crypto Valley Conference in Switzerland and our presence at the Blockchain Summit London.

June 2018

While we were getting excited about our closed partnerships for the MVP, we received incredible news: we would be able to extend the launch of our POS and accept cards, the tests were in full swing.

Additionally, June was a fundamental month for our international structuring and of the companies in Brazil. We managed to get together to better understand the international structuring and make the decision of a possible announcement as of July 20th.

We also received the best news from our legal team: we could continue opening the first company in Brazil, scheduled to be launched and opened on the 4th of July. Moreover, we would also be able to open another operation in Brazil.

Our operational organization went very well, after which we finally went to Switzerland, firstly at the FINTECH MISSION, organized by the consulate of Switzerland together with other Brazilian companies and startups.

Shortly after, we were participated and sponsored one of the biggest “crypto events” in the world, the Crypto Valley Conference (Click here to read all about it).

July 2018

Even being at a private stage of negotiations with private investors, the long-expected month of July arrived and, before even launching our Private ICO-invite campaign, we were surprised by thousands of people who had early access to information, which resulted in a huge wave of praise and compliments, messages of support and enormous interest in participating in our project.

In addition, on July 4th, we received our first registration number as a Brazilian company: 30.850.588/0001–33.

Next Steps

We are starting our journey with a Private ICO, where participation is enabled only for those with an invite.

This July-September period will be essential to have people by our side who truly believe in this project and who are able to add energy, knowledge and also through participation in the ICO.

At this stage, we can promote the launch of our MVP and strengthen the project even more during the Public stage of the ICO.

Request your invite or, if you already have one, send an invite to your friends and the people you believe identify with this project.

It’s important to highlight that we will reward token holders with 1 Bancryp Move Wristband + 1 Bancryp Card + Free Shipping. One only needs to obtain more than USD150 worth of XBANC tokens during this period.

Whitepaper

In order to check out our Whitepaper, you can log in to your Bancryp account and, on the main menu, click on the option > Whitepaper.

Follow us on social media:

Telegram: https://t.me/bancrypEN

Facebook: https://goo.gl/uSFiLb

Instagram: https://goo.gl/UfKeSr

Twitter: https://goo.gl/8CbCms

Medium: https://goo.gl/tUawqp