Alux Bank: Electronic Banking on Blockchain Technology

clauming (7)in #money • 6 years ago

Introduction

Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.

For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

Moving to the topic... The lack of innovation in the field of financial asset management keeps us anchored in the past. The opportunity of the currency that is seen is unique and has a huge benefit for all.

For this reason, I want to introduce you Alux Bank (ALUX), the first ICO that seeks the alternative to traditional banking, restoring power to people with Blockchain and Smart Contract technology.

Video presentation

Definition

Alux Bank (https://www.luxantdigitalbank.com/) is a technological start-up focused on projects and developments related to the BlockChain and the Smart Contract, whose philosophy is based on the exclusion of current palpable currencies, the exclusion of mediators, the increase in efficiency and the alternative economies that They return power to people.

Goals

The main objective of Alux Bank is the creation of an electronic banking with Blockchain technology to reduce costs in third-party services, intelligent contracts and its own surprising Trading Bot, to improve day by day in many of the operations already known and apply them in the new era. of digitalization and, in addition, to reach the scale of offering traditional services and emerging banking products that encompass the environment of the Blockchain era.

How it works?

Lux Ant Digital, through the new technology of Smarts Contracts, replaces traditional contracts. Minimizing the high commission costs of third parties, in a simpler, faster and safer way.

Lux Ant Digital is integrated into the user experience of regular operations and allows customers to use their commonly used credentials to identify and perform transactions on the website.

Adding the low costs of transaction fees that traditional banks make not offer, their workers were involved as third parties in the transactions. As already mentioned, Lux Ant's digital intelligent contract is applied where there are no intermediaries and, therefore, reduces service costs.

	It uses its own APP where all users, once registered, can perform any type of operation with it. With the APP, the user can perform tasks such as sending money, savings, list collections or other payments, among others. It will be possible to find a social network portal, where only those who are customers of Alux Bank will be able to access.

Current Services

Trading Bot	Custody	Consultory and Advisor	Manufacture of ATM's	Token Development

Benefits
They offer a wide range of solutions for the most studied diversification and analyze every detail.

Image	Advantage	Description
	Electronic Banking Platform	Lux Ant Digital Smart Contract is applied where there are no intermediaries, thus reducing the costs of the service.
	Mobile App	With the APP Alux Bank, you can conduct negotiations such as sending money, savings, collections of lists or other payments, currency conversions, online purchases and requests for microloans, among others.
	Payment Card	The innovative issuance of payment with debit card, which allows the approach to design a simpler card.
	Save money	You can start saving and see how your money grows every day in our criptocurrency bank.
	Public and Private Microcredits	Through the Smart Contract integrated within the Alux Bank platform, the capital may be made to other users.
	Send & Receive Money	You can start relationships with your customers, suppliers, relatives, etc., and control the shopping experience.
	Currency conversion	You can make conversions from any currency, instantly and with the minimum commission through ALUX ATMs.
	Own ATM Network and Collaboration with Stores	Promotion of its use, closing of contracts with companies and collaborating companies for the issuance of cards and reloads thereof.

Bounty program

The project gives the opportunity to earn Alux Bank Tokens performing some social media tasks and doing simple steps from the bounty program explained into the following BountySuite Webpage here (https://bountysuite.com/bounty-programs/lux-and-digitalbank.html), where you can access the link in order to see what are the conditions to become an early ALUX contributor and start acquiring tokens.

For more information about the project, you can visit and read their WhitePaper available here (https://www.luxantdigitalbank.com/documents/english/whitepaper-english.pdf). You can also stay tuned in their official Telegram Channel (https://t.me/LUX_ANT_DIGITAL) or in their ANN thread here (https://bitcointalk.org/index.php?topic=4950777.msg44615634#msg44615634). I hope you liked the post and soon I'll send you new ones.

Do not forget to visit their Webpage (https://www.luxantdigitalbank.com/)!

Token details

Token: ALUX
Platform: Ethereum
Type: ERC-20
Pre-ICO Price: 1 ALUX = 0.06 USD
Price in ICO: 1 ALUX = 0.20 USD
Tokens for sale: 500,000,000

Token Distribution

Funds Allocation

Roadmap

Date	Events
2018: Q1/Q2	Legal and Physical Jurisdiction Initial Product Design Advisors and Collaborating Partners Website + Token Dynamic & Supply Structure Whitepaper V1 & V2
2018: Q3/Q4	EDE Constitution External Administrative Procedures Bounty Campaign Airdrop Whitepaper V3 Software & Patents
2019 Q1/Q2	Electronic Bank Platform Alux Bank APP Developer Issuance of Payment Solutions Alux Bank payment card
2019 Q3/Q4	Internal Administrative Procedures Intern Social Network I+D+i Plan Start of Dividends to the Capitalist Partners
2020 Q1/Q2	Regulated global financial manager Generalized implementations with more partners and developers
2020 Q3/Q4	Collaboration with Financial Institutions.
2021: Contingency Programme	We follow a business continuity management, in order to process the achievement of the capacity and maintenance of our society.
+ 2022	This is a vital part of information system security management, planned and tested, which is now more commonly known as cybersecurity.