Bit2Me Launchpad is preparing for its first launch the B3X token of the Spanish fintech Bnext, a complete financial services platform that aims to expand throughout Europe and Latin America.
Bit2Me Launchpad is the new Bit2Me service that facilitates early and exclusive participation in projects with great potential. With this launch, Bit2Me Launchpad allows access to new tokens in the ICO phase, and debuts with that of Bnext (B3X), the Spanish platform dedicated to fintech and that has opted for the security and confidence of Bit2Me to launch its token.
What is Bit2Me Launchpad?
Bit2Me Launchpad is a development platform for blockchain-based projects that allows all of Bit2Me's knowledge to be used to promote product ICOs and make it easier for companies to tokenize and evolve towards the crypto sector.
For users, all you need to participate in the platform is to have a Bit2Me account, and if you are a B2M holder you can have additional associated benefits.
In this way, Bit2Me Launchpad becomes Bit2Me's exclusive token launch platform, through which the growth and development of the crypto ecosystem will be promoted. From Bit2Me Launchpad, utility tokens from different exclusive projects will be announced, enjoying the security that Bit2Me offers, following the example and success of B2M in the ICO that managed to raise 20 million euros in just over 3 minutes.
Advantages of Bit2Me Launchpad
Among the advantages of launching with Bit2Me Launchpad and participating in them, we can highlight:
- You have the support of Bit2Me, a leading platform in Spain with more than 400K users, a suite of more than 20 crypto products and more than 7 years of experience in the sector.
- Support from a transparent and totally user-focused team, with +150 professionals, including Zeeshan Feroz, former CEO of Coinbase Europe, and Baldomero Falcones, former world president of Mastercard.
- Access to a technologically secure platform under European regulation.
- Telephone support in more than 7 languages by a team dedicated to solving incidents.
- Different payment methods both in fiat (card, bank transfer) and in cryptocurrencies.
- Access to a friendly interface where you can see all the projects at a glance and participate in them in just a few steps.
- “Approved by Bit2Me”, since our specialized team investigates each project and studies its feasibility so you don't have to worry about scams or projects with little future. We do it all for you.
Bnext, all your finances in one place
Bnext is a project that was born in 2016 in order to offer financial services in a collaborative and decentralized way. To achieve this, Bnext began building some of the newest financial products on the market. In this way, your users could choose those of their interest and use them adjusted to their real needs. Since then, and until today, Bnext has maintained this vision and has improved the provision of such services.
A first step in this direction is the acquisition of an EDE (Electronic Money Entity) granted by the Bank of Spain to a subsidiary company and with a passport to operate in the 27 member countries of the EU. Thus, Bnext has gone from being a small fintech to being one of the most important Spanish fintechs of the moment, with more than 150 thousand users.
Among the services that we can access in Bnext we can find:
- Account for making, receiving and requesting payments.
- Access to the international payment system.
- Access and payment compatibility with Apple Pay and Google Pay.
- Creation of virtual cards (VTC) for online payments.
- A cashback services or rewards.
- Savings and investment platform thinking about our future.
- Cryptocurrency buying-selling-custody service
- Loans and credits.
- Access to mortgages
- Insurance for your peace of mind and that of your family.
- Access to unique travel plans so you can travel safely and without problems for foreign currency.
In order to further boost all these services, Bnext has started the development of services DeFi, supported by the high-speed blockchain Algorand, and in this sense they have decided to present the Bnext token (B3X), a token of the type ERC-20 of Ethereum that will be launched by Bit2Me Launchpad.
What is Bnext's strategy?
To achieve the above, Bnext will use the funds from the ICO made with the B3X token on Bit2Me Launchpad to improve its infrastructure, start the development of new services and expand the current ones. A first part of this new development strategy is to use the blockchain of Algorand in order to have access to the USDC stablecoin on said network.
Thus, Bnext will integrate the management of this token and said network in its application and services, in order to off-ramp a Bnext account in local currency. In this way, Bnext will be able to allow any user of its platform to make secure and decentralized international payments using the largest stablecoins of the crypto world and that users can make a currency exchange to their local currency without leaving Bnext at any time, reducing the risk and facilitating the operation.
With this strategy, Bnext seeks to enter the DeFi market, a market that mobilizes more than 7 billion dollars a year. In addition, with the international expansion to markets such as Colombia, Ecuador and the Dominican Republic, Bnext seeks to become a channel that allows the more than 360.000 Colombians, more than 415.000 Ecuadorians and 160.000 Dominicans who live in Spain, to send remittances to their families in said countries, an activity that mobilizes close to 3.000 million euros a year.
Services offered by Bnext to its users
Wallet or electronic money account Bnext
The main service is your wallet or electronic money account, an operation guaranteed by your EDE license. Thanks to this account, Bnext is able to:
- Deposit money by direct debit or transfer.
- Deposit money from a debit or credit card.
- Make immediate transfers to other Bnext users (directly from the contact list) or to other entities (in process).
- Split the payment of purchases made with other users.
- Request money from users who do not have Bnext by sending a link that generates a temporary payment gateway.
- Pay for services offered by Bnext or by third parties integrated into the platform, in what is known as a marketplace and which is detailed later.
- Request and associate means of payment: physical or virtual Mastercard cards.
- Receive rebates derived from promotions of your rewards and discounts program.
All these services are accessible from the Bnext mobile app, available on the App Store, Huawei Store and Google Play. The account is free and has a fully optimized user experience. Following a policy of total transparency, it avoids the small print in any service offered and allows the user to have control of their expenses with a totally optimized and simplified design and usability.
Cards or means of payment Bnext
Since 2020, Bnext is a Principal Member of Mastercard. Thanks to this, Bnext is able to allow its users to request a physical prepaid card. Also, you can generate virtual cards immediately (project expected in just a few weeks). Likewise, in the mobile application you can block and unblock the cards in an emergency, modify the PIN, request replacements and establish aliases for each card.
These cards can be used at any physical or online PoS, which allows greater flexibility in the use of funds associated with the Bnext account.
Apple Pay and Google Pay
One of the great advantages of Bnext cards is their ability to be used in Apple Pay and Google Pay services on supported devices and countries. In this way, you can make payments with your smartphone in a way that is fully integrated with them and make use of it in the thousands of stores that support these payment systems.
rewards program
Bnext has a powerful Rewards Program that allows its users to buy from online stores from the app and obtain refunds directly into their Bnext account —once the time necessary to validate the purchase has elapsed—. Discounts vary by merchant and by user level in the program.
There are several levels depending on the use made of the Bnext card, that is, depending on the frequency with which payments are made with it, being able to get up to 10% discount on brands such as Aliexpress, Nike, Just Eat, Booking, ASOS and many others. Since the launch of the Rewards Program, more than 15.000 users have benefited from discounts on Bnext, spending more than 3 million euros on purchases through the app.
Blockchain-based international transfers and remittances
One of the most recent developments of Bnext is its service for international transfers using the Algorand blockchain and the USDC stablecoin. This stablecoin has been part of the Algorand ecosystem since September 9, 2020, and we at Bnext have chosen it to facilitate sending international transfers powered by Algorand technology.
In this way, the transactions made only take a few seconds to complete and with a very low commission. This makes this service the perfect way to send payments anywhere in the world where USDC is accepted.
Algorand is a project focused on finance, and thanks to its alliance with Bnext, they seek to bring the full potential of this blockchain to the CeFi and DeFi finances that are developed in this application.
Management of crypto assets
Bnext allows you to buy and sell up to 13 crypto assets from the app, which connects to the exchange service provider. It can be bought and sold using the electronic money account as origin or destination or by importing/exporting a crypto wallet.
Marketplace
With more than 50.000 contracts since it started, the Bnext marketplace has been one of the fundamental pillars of the project since its creation. A section integrated into the application where users find a wide range of services (financial and non-financial) from third parties. Bnext makes sure that those products are among the newest available in the market. Users can find, book, and track these services without leaving the app. Among those services are:
Insurance:
- Trips: more than 1.000 customers have purchased this travel insurance directly from the application. With exceptional coverage and price, it can be canceled at any time before the trip, add companions or have all the information accessible from the app for emergency situations.
- Car: Bnext offers its clients a 100% digital insurance with which they can save up to 50% every year, and can also customize it between different policies and coverages depending on the client's needs.
- "Salud": for health insurance Bnext allows you to compare coverage and prices between the main insurers, offering value-added services such as medical chat or discounts at pharmacies. It offers individual, family, self-employed, SMEs, large companies, group insurance, with copayment and without copayment and even low cost.
Loans:
- Loans between €5.000 and €50.000: Bnext offers in its app access to a comparison of consumer loans of up to €50.000, with an immediate response from many entities with a single request. It is a totally free service for the client, who in a few days and with 100% online procedures can have the money in his account. More than 14.000 customers have applied for their loan at Bnext, adding a total amount of 120 million euros.
- Purchase of foreign currency at home: users simply access the app, select the currency to buy and if they want to pick it up at an office or receive it at home. It has more than 5.000 customers since the product was launched, who have requested, in exchange, just over 1,5 million euros.
- Mortgage comparator: Obtain offers from more than 20 entities and advice until signing, as well as help with legal requirements without leaving home.
- interest-bearing account: Bnext offers access to an account remunerated at 1%. It is a current account without commissions that generates 1% APR (1% TIN) the first year. Users can also deposit and withdraw money without commissions. From Bnext more than 2.000 people have contracted the remunerated account.
- energy providers: electricity at official cost price, generated only with green energy (100% certified as renewable), without paperwork or permanence.
B3X, the native token of Bnext
In order to promote the development of all of the above together with its international expansion, Bnext has decided to create the B3X token, which will be the central element of the Bnext platform. It has been carefully designed to favor the growing base of Bnext clients around the world, giving its owners advantages in the use of some functionalities of the platform.
The Bnext token is a non-representative token of negotiable value (utility token), which will have a maximum issue of 3.500.000.000 B3X. The space chosen for its issuance is the Algorand blockchain using the ASA standard.
- Full name: Bnext Token
- Symbol:B3X
- Max Supply: 3.500.000.000
- Blockchain network: Algorand
- Type: SO
Token holders will be able to enjoy great advantages when using the products and services within Bnext. For example, B3X holders can participate in the Bnext Rewards Program. Thanks to their holdings in B3X tokens, these users will have better discounts and access to exclusive brands to which said discount applies.
Another good example of the usefulness of B3X can be seen in international transfers, where B3X holders can:
- Obtain discounts of up to 90% on the margin obtained by Bnext in the system of international transfers based on blockchain.
- Discount of up to 90% on the margin obtained by Bnext on remittances from Bnext to RIA points of sale in more than 120 countries, on the purchase-sale of marketplace products or on the margin obtained by Bnext on the purchase-sale of crypto the wallet.
Other advantages are the access to governance, which will allow them to participate in voting for future platform features, and thus help to generate value for all Bnext customers.
They can also have preferential access and early access to new developments and products within Bnext, as well as discounts on exclusive brands and benefits for products contracted in the bnext marketplace.
They will also be able to enjoy payment insurance with an extended guarantee or the possibility of accessing a referral program that offers you B3X tokens for bringing your friends.
Bnext is also developing new features and benefits for the token B3X that will be implemented in the future. These include an Earn program, DeFi products, premium metal cards, options to pay with your B3X tokens at merchants around the world, and the ability to round up these payments to save on each purchase.
This was the private and public offering of B3X tokens
This was the private offer and the different phases of the IEO of B3X tokens in Bit2Me Launchpad:
Private offer
- Start Date: Week 1 November 2021
- Lock-up period: 6 months from the end of Phase II
- Dress: 6 months from the end of lock-up. B3X will be released at a rate of ⅙ per month for 6 months after the lock-up period ends.
- Subscription limits: Min: €30.000 – Max: €300.000
- Maximum % of total emission: 15%
- Number of tokens to issue: 518.000.000
- Token price: € 0,010
Public offer: Phase I
- Start Date: Week March 1, 2022
- Lock-up period: 6 months from the end of Phase II
- Dress: 6 months from the end of lock-up. B3X will be released at a rate of ⅙ per month for 6 months after the lock-up period ends.
- Subscription limits: Min: €1.000 – Max: €300.000
- Maximum % of total emission: 14%
- Number of tokens to issue: 504.000.000
- Token price: € 0,015
Public Offering: Phase II
- Start Date: Week March 7, 2022
- Lock-up period: 6 months from the end of Phase II
- Dress: 6 months from the end of lock-up. B3X will be released at a rate of ⅙ per month for 6 months after the lock-up period ends.
- Subscription limits: Min €500 – Maximum €200.000
- Maximum % of total emission: 11%
- Number of tokens to issue: 378.000.000
- Token price: €0,020
Remark: Both in Phase I and Phase II, the issuer may decide to delay the start and end of this phase for a period not exceeding 3 months.
Token distribution
The distribution of the B3X tokens will follow the following description:
- Private offer: 15% of the total will be offered to ecosystem collaborators with whom there are synergies in the future.
- Public offer: 25% of the tokens will be offered to the public during the issuance on the Bit2Me platform.
- R&D: Bnext will reserve 20% to develop the R&D area, contemplating the possibility of placing tokens between chains, building "bridges" to allow the token to interact with the chains with the highest level of innovation and capital flows.
- Machine: 10% will be reserved for the Bnext team. These tokens will serve to retain talent and attract new talent to the team, offering them all the services associated with the token at no cost. This game will have a 12-month lock-up and a 12-month monthly vesting.
- Advisors: 10% will go towards collaborating with key strategic advisors for their deep knowledge and experience in the industry. This game will have a 12-month lock-up and a 12-month monthly vesting.
- Reservation: the Reserve will retain 10% of all supply to maintain healthy market share in the B3X token and provide flexibility in the early stages of the suite. Likewise, the reserve will function as a backup in the event of a technical failure, safeguarding the assets of the users. Half of this batch will be released immediately after the end of Phase II, and the other half will have a 12-month lock-up and a 12-month monthly vesting.
- treasury stock: Bnext will retain 10% of the entire supply for uses that may arise from maintaining protocols and incentivizing new products through airdrops to their users. This game will have a 12-month lock-up and a 12-month monthly vesting.
How to participate in the launch?
To participate in the Bnext launch, you must have a verified Bit2Me account, since Bit2Me Launchpad is the only one authorized to carry out the ICO. In this space you can make your purchase using some of the following payment methods:
- Bank transfer (Bit2Me and Bnext).
- Credit card (Bit2Me).
- Tikebit cash in service (Bit2Me).
All these services will see their balance reflected within the Bit2Me Launchpad service, where you will be able to see your fiat/crypto participation as well as the total number of tokens that will be assigned to you when the offer ends. Depending on the chosen option and the blocking period, the user will be able to sell or withdraw the tokens.
In addition, B2M Holders will have exclusive advantages to access the Bnext ICO on Bit2Me Launchpad. In the preview of Phase I, whoever owns more B2M, will be better positioned in the whitelist to buy the B3X as soon as the ICO is launched. In case of a tie of B2M tokens, the date on which the holder has signed up will be of the utmost importance and will serve as a 'tiebreaker'. IF you need B2M tokens, they are currently commission-free on Bit2Me, so improving your whitelist position has never been easier.
Delivery of the tokens
The delivery and unlocking of the tokens will be carried out entirely on the Bit2Me platform. When the release of the tokens begins, you will be able to see the wallet along with the number of tokens you have bought in each of the participations, along with the corresponding release scheme for each of the phases in which you participate.
Remember: the tokens will ONLY be visible and will be delivered only to your Bit2Me account, and once released you will be able to move them to your personal wallet or carry out any other exchange operation you wish.
However, Bnext may develop functionalities that allow the display and management of the tokens. Given the technological nature of the tokens object of this issue, once all the private and public offer phases are completed, users will be able to buy and sell the tokens with third parties.
In this sense, Bnext has reached an agreement with Bit2Me to include the token as a tradable asset within its platform at the time of launch and is making progress in negotiations with the main cryptoactive markets in Europe and Latin America to ensure distribution and liquidity of the token. token. Bnext is not responsible for any malfunction of any service offered by Bit2Me or other third parties in this regard.
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