Benchmark International is a business created for real people and managed by real people. The platform provides opportunities and solves problems using the security of the blockchain and by use of the Benchmark Utility Token (BMK).
How The BMK Utility Token Works
The Benchmark utility token has been created as a crypto-based mechanism to raise funds for the development of several projects. These projects create a sustainable future and are expected to be very profitable. Benchmark tokens give their holders the exclusive opportunity to participate in global projects. The platform is made up of a highly skilled team of venture capital, businesses, and financing experts that will assess the viability of all the projects and provide a gateway to sustainable projects via the use of the BMK token.
The process of project evaluation to funding will be complete and transparent. Participants will be able to monitor projects from their websites, their social media platforms, and can even request to visit a specific operation if they are located in the country.
The holders of the BMK tokens will be invited on an exclusive basis to join in the funding of approved projects and thus acquire individual interests in the individual projects. Benchmark international will underwrite all projects and provide for all the required funding not provided by the BMK holders. The projects are only funded on approved prospectus and the token holders will not be compelled to participate in any of the projects.
The token holders can choose to hold the tokens for possible acceleration of value. They can also trade these tokens on exchanges where BMK will be listed. Additionally, they can choose to place their tokens on a proposed benchmark hedge fund. The fund will execute value enhancement activities according to laid down requirements. There will be no automatic participation in any of the projects and all the projects will issue security tokens that can only be acquired based on a prospectus.
The BMK token
Investors can buy the BMK tokens with ETH, BTC, or use fiat currencies such as USD, EUR, and ZAR. The pre-sale will be held on 2nd April to 26th May 2018 while the main sale will be on 28th May to 31st August 2018. Each token is priced at $1. The total tokens produced will be 300,000,000 and 50,000,000 tokens will be offered during the public sale.
BMK is expected to make the marketplace functional though programmatic access that include recruitment of new users, operations, and additional functionality on the marketplace. Other uses of the token include:
The BMK token will be the currency used for payments for all the funded projects. Each of the successful projects that will be listed in the marketplace will benefit from the services provided by BMK. It will be the base currency that will be used to provide peer-to-peer loans through the benchmark finance company in different firms. It will be used as a means of exchange for payments between different ring fenced firms.
The token will be used to access the marketplace and pay the entry fee when launching a new project. The token is also used to access additional membership tools and gain early access to new projects.
The token has the potential to be integrated with off chain integrations such as M-Pesa.
New product development
To increase the adoption of the BMK token, the platform hopes to create a benchmark wallet and ATMs that will serve customer and employees at major Benchmark installations.