BANKllect is a decentralized intellectual bank network that allowing anyone worldwide to participate as a lender or borrower. The object of lending as well as borrowing can be any tokenized item – token, fiat money, real estate, car, boat, motorcycle, bicycle, pen and even pencil. The main purpose of BANKllect is to develop a bank crypto market and further, integrate it with traditional one. Fundamental difference of BANKllect from other solutions is that BANKllect first of all and mainly focuses on designing unique financial ecosystem inside the crypto market. Thus, BANKllect doesn't require a number of money and time as well for various central authoritative licenses.
At the heart of BANKllect network is a participant. The participant is an individual or company with or without initial financial capital (fiat money, coins, tokens). Our own technology «Proof of Participation (PoP)» allows the participants to earn money by a level of its activity in BANKllect network.
In order to launch BANKllect as soon as possible the team of the project plans to start a procedure of Initial Coin Offering (ICO). The name of BANKllect's token is «Sphere» (SPH).