Hello, thank you for your questions!

Yes of course, currently Bankex, Bankera, Forty-Seven Bank are all Cryptobank startups which are centrally owned by one entity, despite the fact they have Token based systems.

Baanx is similar in that it is in the Cryptobank market however in so many ways it is different as we are sharing actual Bank ownership amongst new Cryptobank startups across our Platform - allowing those chosen to start a Cryptobank for free (subject to a successful ICO) in order to promote fairness and take down the Traditional Bank market through mass adoption and the spread of Blockchain Cryptobanks across the World.

In short we allow qualified users to start their own Cryptobank on the Baanx.com Platform to promote the growth of Blockchain Cryptobanks and explode the number of new Cryptobanks available quickly as they reach their trusted existing networks and customers - and sharing the wealth created amongst all the new users - who are free in the future to either remain part of the Baanx.com platform, or break away once they are big enough, to start their own entire Bank Technology System (subject to still using BXX Baanx Coin within their system).

Baanx has many unique product offerings, from Account Insurance against non-fault Crypto or Fiat loss, Pay Lock (ability to lock your Crypto price at the push of a button) and many others in the pipeline. We also have Payments, Deposits, Savings, Investments and Loans - all that you would expect in a Cryptobank - except we will be not just 100s, but ultimately 1000s of Banks.

The Problem we have seen is that for years Banking has been in the hands of the few, a closed network of inefficient and corrupt organisations who do not have the greater good, or the majority of the population of the world as their main motivation. We know we can change all that, now you will be able to go onto Baanx.com and be able to start a Cryptobank Brand within days by sharing our Bank Licences and start to grow a Cryptobank focused on delivering services to any demographic, area, salary or income level or basically for any reason you wish! Whether to make money, or deliver cost-effective loans to low income families - the choice is yours.

Bank Licences cost $15-$20m and take 2 years+ - prohibitively expensive for most and too lengthy for others. So the Banks keep a hold of the market. We are opening this up to be fair and just, not just for business, but for charities, social enterprises and others, all able to open a Cryptobank / Bank / Financial Services - in many cases, subject to our successful ICO, completely for free.

If you have any questions around our Mission, Products or Technology do let us know, we are here to help and look forward to hearing from you.