Bankera Q&A #7

Today we are bringing you yet another Q&A. This time Bankera‘s VP for Marketing, Rūta Čižinauskaitė, is answering your frequently asked questions submitted on our official social media channels.

Q&A with Bankera's VP for Marketing Rūta Čižinauskaitė

If you have not seen the video yet, you can watch it down below:

As always, we have prepared a transcript of the Q&A video:

1) When will BNK tokens be registered on CoinMarketCap and listed on exchanges?

We aim for BNK tokens to be listed on exchanges in the 2nd quarter of this year. BNK tokens will be listed on HitBTC and SpectroCoin, as well as on Bankera’s exchange once it is live. Other external exchanges are not out of question, however, the main focus remains on the development of our own exchange. Once BNK tokens hit other exchanges they will also be listed on CoinMarketCap.

2) Will you be utilizing the NEM network for BNK tokens and its transactions?

First, we aim to finalize the BNK ERC223 source code, which we aim to do in the 2nd quarter of this year. That will allow our token holders to withdraw their BNKs as well as claim their weekly commission via the Ethereum Smart contract. Once the ERC223 source code is finalized, BNKs will also hit exchanges. Also, once the ERC223 source code is finalized, our IT team will focus on supporting BNKs as NEM Mosaics as well.

3) When will the cards be available for members outside the EU?

We are currently working on the technical integration of our new worldwide card solution into our infrastructure, as well as on the logistical aspects. Our clients will be able to order our cards via our MVP SpectroCoin and they will be able to choose between physical and virtual cards. Our virtual card solution is coming soon, so please stay tuned to our updates to learn when you can order them.

4) What is the price of the unsold tokens that were distributed to contributors?

Distributed tokens didn’t carry their price per se. They had their own price during the pre-ICO and ICO periods. During the pre-ICO, one BNK token cost 0.01 EUR and during the ICO the token price ranged from 0.017-0.022 EUR per BNK token. The actual token price will be known once it hits exchanges.

5) Please explain what strategies you will apply to increase the demand for BNK tokens.

Once Bankera’s services are live you will be able to pay for them using BNK tokens. Also, BNK token pairs will be free to trade on Bankera’s own exchange. Meaning that you will be able to exchange BTC to ETH for free if you first exchange BTC to BNK and then exchange BNK  to ETH. Also, as our tokens have commissions, the token demand will also depend on that because the more popular Bankera’s project is, the more commissions will be paid, consequently increasing the demand for BNK tokens.

6) How do I get Bankera’s hoodie?

If you’re not one of the lucky winners of Bankera’s hoodie competition, you will be able to purchase our hoodies in the near future. We will provide more information regarding this soon.

Stay tuned for our upcoming updates!