Knabu Token Sale
March 1st 20194 months ago Visit Website
December 31st 2019in 6 months View Whitepaper
In short, we are a blockchain technology company that has started the authorisation process to be a utility bank in the UK. Our tokens will be sold to the public by auction which will determine the token price. Our minimum funding goal is £30m. The total token supply is 1B …Read more...
In short, we are a blockchain technology company that has started the authorisation process to be a utility bank in the UK. Our tokens will be sold to the public by auction which will determine the token price. Our minimum funding goal is £30m. The total token supply is 1B tokens of which 750M will be available for sale.
We want to enable innovators and future thought leaders to focus more on the quality and strength of their proposition. We will help them do that in two ways.
First, actors in the crypto economy should not have to worry about getting a business bank account or the stress of it being closed at short notice due to unjustified ‘risk’. Having an operational commercial bank account in our opinion is a basic right that should not be denied to crypto companies because they are doing something new. At the same time, the bank model is outdated. We are engineering our utility bank to use blockchain technology and build upon decentralised mechanisms that can remove inefficiencies that exist today.
Second, we want to enable our economy by building a stake and reputation driven platform where credible token projects are incentivised. This DApp aims to reward and support good actors with community consensus and easy to use tools so that innovators can focus more on the quality and strength of their proposition.A utility bank is also known as a clearing bank. In the UK, clearing banks have settlement accounts with the Bank of England. The entire UK payment system settles across these Bank of England accounts. There are currently only seven UK clearing banks.
In the last 250 years, there has only been one clearing bank to enter the UK market. We are looking to further break this monopoly and be the first blockchain technology business to offer clearing. In addition to deposit taking and transaction processing of our own customers, we’ll facilitate the actual movement of money from one account to another between customers of other banks and payment service providers (PSPs). We’ll do this as a B2B business, being direct members of fiat payment schemes (eg Faster Payment and CHAPS).
Utility should be the order of the day in providing valuable services and helping the economy to grow. So we plan to introduce products and services which are blockchain aligned and which leverage the efficiencies of self clearing assets towards a universal settlement layer....Read less
Knabu Additional Info
Fiat Infrastructure for the Decentralised Economy
Advantages of Participating in the ICO
- Credible & experienced team
- Tackling non-trivial problem of monopoly of payments and clearing infrastructure
- Regulatory Roadmap for Crypto Bank
- Already started bank authorisation process
- Looking to be 8th clearing bank in UK
30% early bird, other bonus in auction
Countries of Origin
China, United States
% Available for Sale
Accepted Coins for Payment
BTC, BCH, ETH, LTC, XRP, OTHER
Social Media Pages
Gabrielle Patrick, CEO of Knabu is a blockchain company which has started its banking authorisation process to be a Clearing bank in the UK and solve the denial of bank accounts to blockchain businesses. Gabrielle is a UK & US lawyer with over 18 years of corporate legal experience. She has focused on blockchain and distributed ledger technology (DLT) since 2012. She was part of the UK FCA's Regulatory Sandbox First Cohort, a regulatory test bed for new models. She has set up her own DLT businesses with a view to bringing the benefits of DLT to the masses. As a C-Level executive of an international insurance company, her role in financial services included responsibility for over 30 territories of business as Chief Legal Officer. She leads the International Bar Association's dialogue on blockchain technology and multi-disciplinary committee that examines related legal issues.
Barry MacMahon, CTO, an early cryptocurrency adopter and software engineer for over 20 years. Leading build out of multi Blockchain backed financial services solutions. Previous roles also include Agile coaching, Business Analysis, Product ownership, Hiring, Solution Architecture.
Janet’s career includes senior executive roles within financial services and alternative asset firms. Most recently, she was Interim Group CFO and then finance lead on the business transformation and change management programme of a £13bn local government pension fund. Prior to that as the Group Finance & Compliance Director & member of ExCom of a corporate advisory firm. Janet is a Chartered Accountant with over 17 years experience within start-up, SME and tier one regulated organisations.
Head of Sales and PR Head of Sales
and PR has a multitude of experience in various industries spanning from Softwares, Artificial Intelligence, Risk & Compliance and Blockchain Events. Bitcoin fanatic, fell in love with cryptocurrencies and has been trading in crypto for a few years.
Software engineer with years of commercial experience, lecturer at a programming bootcamp in Kharkiv, Ukraine. Programmer by trade and by passion. His experience ranges from maintaining the backend codebase for Rubicon's Guaranteed Orders platform to developing an Amazon Alexa app for a small Indian startup, and from hacking together a chatbot client for the API of a local bank to designing scalable infrastructure for machine learning pipelines.
Software engineer experienced in web and mobile applications development. Dmitriy has extensive expertise in building complex and blazing fast front-end applications, designing microservices architectures and approaching cloud technologies to achieve scale with ease.
Advisor, Financial Cryptographer
Ian Grigg, Advisor, has over 25 years of experience as a senior software engineer, is well known in the field of financial cryptography, and is the inventor of the Ricardian Contract, and the Ricardo Transaction Engine. This transaction and trading system is the engine under the hood of ChamaPesa, a Kenyan Social Savings System.
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