What is BnkToTheFuture (BFT)?
BnKToTheFuture is an online investing platform that was developed to make investments in BnKToTheFuture crypto assets and equities more accessible. BFT is an ERC-20 token that may be used as a membership and rewards mechanism on the BnKToTheFuture.com website. This helps to make the marketplace more efficient and transparent.
Those who have a holding of at least 10,000 BFT tokens have the opportunity to obtain priority access to syndicated transactions on the platform. If you want to see the current BFT price, take a look at the BnkToTheFuture price chart above.
Use Cases of BFT Tokens
In terms of use cases, BFT tokens can be used on the BnkToTheFuture platform to access exclusive deals and discounted fees for investment opportunities. BnkToTheFuture price may determine which discounts and deals are applicable.
They can also be used as a form of payment within the platform's ecosystem.
Additionally, holders of BFT tokens will have voting rights on key decisions made within the platform.
Who Founded BnkToTheFuture?
The BnkToTheFuture project was founded by Simon Dixon and Bliss Dixon in 2010.
Simon Dixon is a thought leader in the industry who has been a serial entrepreneur since 2006. Simon is also the author of the book “Bank to the Future” which is available on Amazon. Prior to BnkToTheFuture, Simon was the co-founder and CEO of online bank ING Direct UK (sold to Barclays for £790m) and director of business development EMEA at Accept.com (sold to Amazon.com). He has also worked as an investment banker at Lehman Brothers in New York and London.
Bliss Dixon has a degree in psychology and law. Prior to co-founding BnkToTheFuture, she worked as a pharmacy dispenser at Boots, retail personal banker at Barclays Bank, and as a company secretary & HR manager at Benedix Investments Limited.
Tokenomics of BFT
The BnkToTheFuture tokenomics include a fixed supply of 1 billion BFT tokens, with a launch BFT price of $0.10 per token. In terms of token distribution, 33% of the tokens were allocated for the token sale, 30% were locked up for 2 years by the company, 20% went into a rewards pool, 10% were locked up for 1 year by shareholders, advisors, and founders, and 7% were dedicated to covering token sale expenses.
Besides, there is a buy-back mechanism in place in which BnkToTheFuture uses 20% of its profits each quarter to repurchase BFT tokens from the open market and burn them, thereby decreasing supply and potentially increasing demand and BnkToTheFuture price over time.
