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Author Topic: [ICO] Branche - Serving the Under-banked - 15% BONUS < 1 more day!  (Read 421 times)

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vindyne8

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  • Posts: 453
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How BLT will be usable & redeemable from Branche #ICO branche.io





Send ETHER to the contract address below,
warning: DO NOT SEND FROM AN EXCHANGE HOT WALLET

0x85661eAa5d97853A0ac06FD7AB1E51baA8755bF2






Whitepaper


About the Branche token
Branche Loyalty Tokens (BLT) are an Ethereum powered token used to enhance and facilitate the exchanges between Branche users.



The Branche Blog: Branche ICO token sale details

Quote
ESCROW DETAILS:

There has been some confusing around our escrow process of the ICO funds and I wanted to expand on the process we are using, and our reasoning behind it.

We are using a traditional accounting company, Welch LLP(founded in 1918), and has a wealth of experience with providing these types of financial services.

The process we mutually decided on with Welch to manage the funds, at this stage, is to leverage the security provided by a hardware wallet (Ledger Nano S) and secure the device and backups at separate locations, with the requirement of a representative of Welch to access them and process transactions.

The monthly draw down of the ICO funds will then be transferred to Branche companies wallet(s) (i.e. hot wallets and cold wallets) and allocated by David Ewart our CFO and sent primarily to our company’s Shake Visa cards, using the Branche app as the feature sets come online throughout the development process.

Branche as a company embraces the concept of ‘eating your own dogfood’, which was original popularized by an accidental private conversation being posted publicly (Steve Yegge original post, worth reading: https://plus.google.com/+RipRowan/posts/eVeouesvaVX). The concept when broken down is a very simple test of your value prop, i.e. if I won’t use my own product, why would anyone else?

That is what I have done, since Shake launched their alpha, I have been using the funds transfer in the same manner our user base will, by storing value in crypto-assets for short time periods and then transfer the bulk of the value to Shake, then using the Shake Visa card to pay for my daily living, as well as the company expenses.

This takes us back to Welch and during this time period we will be helping them update their internal processes to support Blockchain based companies that are working mostly with digital assets. One of the big reason we selected Welch LLP and Welch Group for our accounting and CFO needs, is they were incredibly enthusiastic towards our value proposition and already had in house expertise with one of their employees that worked out the taxes on his own crypto-assets.

While our setup is different than most companies, it is a reflection of our own belief on helping to bridge the gap between the traditional financial, and legal, professionals with the optimization potential of Blockchain technologies to their industries.

Welch LLP is a company that has, and continues, to step boldly into the future while at the same time staying true to their own core value of bringing insightful analysis and expert opinions to businesses big and small.

I hope that clarifies the process we are engaging in, and in the long term regardless of the ICO we need a top-tier accounting firm to make sure we are getting the best value for our customers.
Welch LLP are absolutely in that category and it has been a pleasure working with them.

Regards,

John From

Lock in your 15% bonus now with just 1 ETH
Quote
It is already active and ongoing, and we do apologize for not getting the communication out here before hand. That was a mistake on my part, and is why we have extended the +15% token bonus until December 18th and depending on feedback from the community we might do a fire sale at the end of of the contract. However if we do a last 48 hours sale, we will double the bonus for all existing deposits, i.e. if you buy in now and we do run a sale of +15% again, your bonus would double to +30% if you buy in before the 18th of December. This is the big reason to NOT send directly from an exchange hot wallet, we can and will fix it for people that end up doing it by mistake, it just makes life a lot easier if you do it from a private key you directly control.

Something else I am realizing we haven't communicated well is that you can secure the +15% bonus with a deposit of any amount of Ethereum right now, and then any time during before the contract closes if you make deposits using *the same ethereum address* ALL your deposits from that deposit get the bonus.

You have sometime to review us, lock-in the bonus with 1 eth deposit and then take some time to research us before committing to a larger deposit. We are very committed to running a Fair ICO and our contract is designed with this in mind.

Also the 600,000 tokens were an estimate based on reaching the ICO cap of 250,000 ETH when it was at $15USD, the formula for token generation is here, https://keepingstock.net/the-branche-ico-token-sale-is-live-c2dc38ada595#.2tudboq0p

( [ETH/USD] / [BLT/USD] * [DEPOSIT]) * [BONUS] = TOTAL BLTs CREATED

ie. ($8.35/$5 * 1) = 1.67 BLT for each ETH exchange rate
Plus the 15% bonus, 1.67 * 15% = 2.088335 BLT per ETH

This also makes your Ethereum deposits safe with us, that if the value goes up or down you will not be penalized for it.

I'll update the main post with more details on lock-in the bonus and caveat to use the same Ethereum wallet address each time to increase your position and get the bonus for your total deposits.

Regards,

John From




A convenient and affordable way to get flexible payday loans and cheque cashing
Money should be a tool for solving problems and making life better, yet too often it is a source of stress and frustration. Branche combines revolutionary technology, unique ideas and a socially conscious philosophy to make basic financial interactions more accessible and positive for everyone involved. By making it easy, safe and responsible to provide basic financial services, Branche in turn makes those services affordable, flexible and accessible.

28% of Americans and Canadians are under-banked
This widely diverse group of people lives with limited access to regular banking services or, in many cases, no access at all.



The needs of the under-banked are significant and real[/center]
Whether due to a simple lack of community bank location, the intricacies of social disenfranchisement, or just a desire for services that don't exist, the millions of underbanked people across North America and around the world use secondary financial services of all kinds.

It is our goal to use the technological revolution to not only improve the options available to the under-banked, but to evolve the way everyone interacts with their money.


Who we are
We are dedicated to bringing together people and technology to meet the evolving demands of the financial service sector.



What we do
Branche is a service platform that provides cheque cashing, payday loans, and basic financial services affordably, conveniently and responsibly.



Our customers
Branche isn't here only to change the way that the average person accesses financial services but to create new financial opportunities for everyone.
Branche connects 3 kinds of people






The branche platform uses state-of-the-art security and value transfer technology to ensure fast, safe financial transactions for everyone who uses it and helps ensure that all our customers have a positive and mutually beneficial experience.




Our technology
The renowned Canadian philosopher and intellectual,   Marshal McLuhan once said: "We shape our tools and then our tools shape us."
Never was this more literally true than with the evolution of blockchain technology.

Our core set of technlogies is revolutionary, yet robust




Our process is deceptively simple
This diagram represents a basic overview of our tech process. It is ambiguous in places to deliberately represent the flexibility and interchangeability of certain steps. It is important to use the best tools at your disposal, but it is just as important to be able to switch to new tools as they develop, or between tools depending on the contextual requirements.




Contact us
Our platform is still evolving

If you would like to know more, please feel free to email us at any time:
info@branche.io

If you are experiencing any issues please contact:
support@branche.io

If you would like to stay updated on our progress, or be informed when we offer early beta access, please sign up for our email newsletter below:
stay updated

Your feedback is very important to us, and is much appreciated. Thank you.


The latest Branche news

       

Samker's Computer Forum - SCforum.info





vindyne8

  • SCF CryptoGroupie
  • *
  • Posts: 453
  • KARMA: 13
  • Gender: Male
Re: [ICO] Branche - Serving the Under-banked - 15% BONUS LIVE
« Reply #1 on: 13. December 2016., 22:29:54 »
Nice Core Media Article on Branche:


vindyne8

  • SCF CryptoGroupie
  • *
  • Posts: 453
  • KARMA: 13
  • Gender: Male
Re: [ICO] Branche - Serving the Under-banked - 15% BONUS LIVE
« Reply #2 on: 14. December 2016., 16:35:24 »



Send ETHER to the contract address below,
warning: DO NOT SEND FROM AN EXCHANGE HOT WALLET

0x85661eAa5d97853A0ac06FD7AB1E51baA8755bF2






Whitepaper


About the Branche token
Branche Loyalty Tokens (BLT) are an Ethereum powered token used to enhance and facilitate the exchanges between Branche users.



The Branche Blog: Branche ICO token sale details

Quote
ESCROW DETAILS:

There has been some confusing around our escrow process of the ICO funds and I wanted to expand on the process we are using, and our reasoning behind it.

We are using a traditional accounting company, Welch LLP(founded in 1918), and has a wealth of experience with providing these types of financial services.

The process we mutually decided on with Welch to manage the funds, at this stage, is to leverage the security provided by a hardware wallet (Ledger Nano S) and secure the device and backups at separate locations, with the requirement of a representative of Welch to access them and process transactions.

The monthly draw down of the ICO funds will then be transferred to Branche companies wallet(s) (i.e. hot wallets and cold wallets) and allocated by David Ewart our CFO and sent primarily to our company’s Shake Visa cards, using the Branche app as the feature sets come online throughout the development process.

Branche as a company embraces the concept of ‘eating your own dogfood’, which was original popularized by an accidental private conversation being posted publicly (Steve Yegge original post, worth reading: https://plus.google.com/+RipRowan/posts/eVeouesvaVX). The concept when broken down is a very simple test of your value prop, i.e. if I won’t use my own product, why would anyone else?

That is what I have done, since Shake launched their alpha, I have been using the funds transfer in the same manner our user base will, by storing value in crypto-assets for short time periods and then transfer the bulk of the value to Shake, then using the Shake Visa card to pay for my daily living, as well as the company expenses.

This takes us back to Welch and during this time period we will be helping them update their internal processes to support Blockchain based companies that are working mostly with digital assets. One of the big reason we selected Welch LLP and Welch Group for our accounting and CFO needs, is they were incredibly enthusiastic towards our value proposition and already had in house expertise with one of their employees that worked out the taxes on his own crypto-assets.

While our setup is different than most companies, it is a reflection of our own belief on helping to bridge the gap between the traditional financial, and legal, professionals with the optimization potential of Blockchain technologies to their industries.

Welch LLP is a company that has, and continues, to step boldly into the future while at the same time staying true to their own core value of bringing insightful analysis and expert opinions to businesses big and small.

I hope that clarifies the process we are engaging in, and in the long term regardless of the ICO we need a top-tier accounting firm to make sure we are getting the best value for our customers.
Welch LLP are absolutely in that category and it has been a pleasure working with them.

Regards,

John From



A convenient and affordable way to get flexible payday loans and cheque cashing
Money should be a tool for solving problems and making life better, yet too often it is a source of stress and frustration. Branche combines revolutionary technology, unique ideas and a socially conscious philosophy to make basic financial interactions more accessible and positive for everyone involved. By making it easy, safe and responsible to provide basic financial services, Branche in turn makes those services affordable, flexible and accessible.

vindyne8

  • SCF CryptoGroupie
  • *
  • Posts: 453
  • KARMA: 13
  • Gender: Male
Re: [ICO] Branche - Serving the Under-banked - 15% BONUS LIVE
« Reply #3 on: 15. December 2016., 02:14:32 »
Lock in your 15% bonus now with just 1 ETH
Quote
It is already active and ongoing, and we do apologize for not getting the communication out here before hand. That was a mistake on my part, and is why we have extended the +15% token bonus until December 18th and depending on feedback from the community we might do a fire sale at the end of of the contract. However if we do a last 48 hours sale, we will double the bonus for all existing deposits, i.e. if you buy in now and we do run a sale of +15% again, your bonus would double to +30% if you buy in before the 18th of December. This is the big reason to NOT send directly from an exchange hot wallet, we can and will fix it for people that end up doing it by mistake, it just makes life a lot easier if you do it from a private key you directly control.

Something else I am realizing we haven't communicated well is that you can secure the +15% bonus with a deposit of any amount of Ethereum right now, and then any time during before the contract closes if you make deposits using *the same ethereum address* ALL your deposits from that deposit get the bonus.

You have sometime to review us, lock-in the bonus with 1 eth deposit and then take some time to research us before committing to a larger deposit. We are very committed to running a Fair ICO and our contract is designed with this in mind.

Also the 600,000 tokens were an estimate based on reaching the ICO cap of 250,000 ETH when it was at $15USD, the formula for token generation is here, https://keepingstock.net/the-branche-ico-token-sale-is-live-c2dc38ada595#.2tudboq0p

( [ETH/USD] / [BLT/USD] * [DEPOSIT]) * [BONUS] = TOTAL BLTs CREATED

ie. ($8.35/$5 * 1) = 1.67 BLT for each ETH exchange rate
Plus the 15% bonus, 1.67 * 15% = 2.088335 BLT per ETH

This also makes your Ethereum deposits safe with us, that if the value goes up or down you will not be penalized for it.

I'll update the main post with more details on lock-in the bonus and caveat to use the same Ethereum wallet address each time to increase your position and get the bonus for your total deposits.

Regards,

John From

vindyne8

  • SCF CryptoGroupie
  • *
  • Posts: 453
  • KARMA: 13
  • Gender: Male
Re: [ICO] Branche - Serving the Under-banked - 15% BONUS LIVE
« Reply #4 on: 16. December 2016., 03:14:27 »
Remember you can make a deposit of just 1 ETH on https://www.branche.io/ now to lock in the 15% Bonus rate. Even if you don't invest the rest until the final days of the sale! So long as you use the same address to send, you can enjoy the benefits of the 15% bonus all the way until the final minutes on January 1, 2017!

This is fair crowd-funding. If you cannot make up your mind how much to invest, or don't know how much you can invest until 2 weeks from now, this is perfect for you. You have under 3 days left to lock in this rate, so don't forget!

A few recent articles are listed below for your perusal:


https://www.ethnews.com/use-cases-of-ethereum-in-different-sectors-2016


https://www.smithandcrown.com/event/branche-ico-crowdsale-payday-lending-platform/


https://tokenmarket.net/blockchain/ethereum/assets/branche/

vindyne8

  • SCF CryptoGroupie
  • *
  • Posts: 453
  • KARMA: 13
  • Gender: Male
Re: [ICO] Branche - Serving the Under-banked - 15% BONUS < 2 more days!
« Reply #5 on: 16. December 2016., 17:42:11 »
How BLT will be usable & redeemable from Branche #ICO branche.io

vindyne8

  • SCF CryptoGroupie
  • *
  • Posts: 453
  • KARMA: 13
  • Gender: Male
Re: [ICO] Branche - Serving the Under-banked - 15% BONUS < 1 more day!
« Reply #6 on: 18. December 2016., 00:21:55 »


There is under 1 day left to lock in your 15% bonus BLT for the duration of the Branche ICO. This is a summary post to get the word out while there is time. This post will contain the basic information needed, with updates from the dev  team included. Full post is located here: https://steemit.com/ico/@vindyne8/ico-branche-mobile-and-blockchain-tech-disrupting-consumer-financial-services

Whitepaper



The Branche Blog: Branche ICO token sale details

A quick overview of how the Branche Loyalty Token (BLT) economy will work.









Who we are
We are dedicated to bringing together people and technology to meet the evolving demands of the financial service sector.




Register or access your account here: https://www.branche.io/accounts

Send ETHER to the contract address below,
warning: DO NOT SEND FROM AN EXCHANGE HOT WALLET
0x85661eAa5d97853A0ac06FD7AB1E51baA8755bF2

You have less than one day remaining to lock in the 15% bonus BLT for the duration of the sale. Remember, you can lock that in by depositing just 1 ETH before the 15% bonus expires. You can then send more to the same address at any time during the remainder of the sale, and retain the 15% bonus for all of it!

branche.io

 

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