"The history of Bankera started 6 years ago when three young professionals
with experience in finance and software development founded Spectro
Finance a FinTech company with the aim to offer cryptocurrency payments
at the dawn of the crypto era.
Even then, the founders were dreaming big and named the company to
represent a spectrum of financial services they were planning to offer. The
product itself was named SpectroCoin, in reference to the broad spectrum of
cryptocurrencies the service sought to support. Ever since it has been
providing crypto brokerage, wallet, debit card, and eventually payment
processing solutions.
In 2017, the company was steadily expanding its services and gaining new
clients. However, having gathered invaluable experience in the FinTech and
crypto markets, the team of then already 40 members decided it is time to
take the next step.
While happy with the product we had, we wanted to take our service beyond
crypto payments and develop a full financial infrastructure for the blockchain
era that would encompass everyday banking and the crypto economy to
offer a financial solution fit for the needs of todays tech-driven market. We
named the project Bankera.
While we knew we had the know-how necessary to build the blockchain era
bank, we required more capital for the project of this scale. Thus, on the 28th
of August, 2017, Bankera launched an ICO to gather the funds needed to
take our project to the next level." (
https://blog.bankera.com/2019/05/21/developing-bankeras-ecosystem-our-vision/).
You seem to have not read this link we provided earlier. It is a public acknowledgment of what you claim. It is not like a hidden fact that people needed to dig for. Also why the need for ICO. "However, current regulatory and legal frameworks have not been too friendly
in terms of the use of cryptocurrencies in the financial sector. It became
increasingly harder to build a unified entity that would encompass core
banking and cryptocurrency services at the same time.
Instead, we have decided to develop our solutions as separate units: the
whole ecosystem of Bankera could be now seen as a puzzle, with every
product of ours acting as a piece of the full picture that we are aiming to
complete.
From the start, we already had one significant puzzle piece our first
product SpectroCoin. Nevertheless, we had no plans to slow down and
began working on new products, as well as improving the old ones." (
https://blog.bankera.com/2019/05/21/developing-bankeras-ecosystem-our-vision/).
This explains why each of our products is a legal entity by itself. Thank you for the post.
I did read it and it also explains by reading between the lines. I see nothing of substance to enforce a view that the copy and paste text above tries to create because most if not all the
provided as to why Spectrocoin and Bankera are legally separate entities - seem to be excuses.
One thing is for sure, it seems the ICO and its scale was designed to ensure the Spectrocoin/Bankera team had liquid capital. How exactly that money was spent, how much of it remains and how much is needed to be spent on making a success of the "project" remains to be seen.
So far the only winners seem to be the ones who held the 30% of Bankera tokens before the ICO (thus made million of USD$ for free) and quite possibly those that are/were controlling the funds post-ICO unless audits are carried out.