Polybius Banking: Get in on the Ground Floor
News of Bitcoin’s climb into the high 2000’s has spurred the cryptocurrency market to both public interest and private innovation. In particular, the newly-created crypto-banking industry has quickly become the site of one of the largest online economic booms of the 21st century. Hundreds of thousands of investors from all over the world continue to pour billions of dollars into the crypto-market, investing in what many perceive to be the future of banking and investment.
However, not all is perfect in the anonymous world of decentralized currency. Scams, rackets, and schemes occasionally get the better of otherwise savvy investors. Hard-earned coins are squandered away to organizations, decentralized or not, that will not last. Subsequently, it is increasingly vital that potential investors conduct their due research before getting involved in any banking or investment platform on the decentralized market.
Polybius is one emerging competitor in the global market for investments in cryptocurrency. Having already garnered around seventeen million US dollars of crowd-sourced investments, the organization is poised to make its debut into the real-world market very soon. Before it does so, however, Polybius is allotting consumers the opportunity to get in on the ground floor. By buying “tokens” with their crypto-coins, any tech-savvy investor can gain shares of the company before they go public. As a result, they claim access to a preset percentage of profits from the company at the end of the fiscal year.
Polybius, like all crypto-banking platforms, seeks to make ample use of the natural allure of a decentralized system to provide both security and anonymity to their clients, while still maximizing profits for all entities involved.
This guide will outline some of the most important considerations regarding Polybius, placing a special emphasis on how decentralized concepts contribute to all that the company has to offer.
Polybius Banking Plans
Polybius seeks to use the natural abilities of the blockchain to maximize the anonymity and security of financial transactions, while innovating the smart contract configuration to present users of the platform with a plethora of unique trading opportunities.
Their “Digital Pass” technology serves as a unique “digitalization ecosystem” which allows a wide variety of individuals, companies, and even industries to immediately access their banking service. As a result, the hope is that this system will allow for the optimization of global trade and international cooperation in the plane of economics.
The prospective bank itself, however, is not the main prerogative of Polybius in 2017. Instead, consumers should be primarily interested in the initial investment and profit-share structure of the would-be bank. The next section will outline the details behind the opportunities presented by Polybius.
For a nominal fee, users can buy into the company by purchasing a Polybius token. These tokens can be purchased using virtually any type of currency on the Ethereum network, and entitle users to a percentage (20%) of the company’s profits.
In this aspect, Polybius functions as a decentralized organization; any number of tokens makes a user essentially a shareholder in the massive corporation. The fund distribution legitimizes the purchase of a Polybius token by rewarding investors on the ground floor with a percentage of company profits.
At the end of the ICO, owners of Polybius tokens are given two options; users can either sell their tokens for a quick payout or keep them to continue to receive payments in the future.
First, they can immediately sell their “shares”’ in the company to ensure an instant profit. Though it’s hard to predict how high the price of the tokens may rise by the end of this financial year, experts within the industry predict that profit is generally to be expected after the initial ICO concludes.
Alternatively, some shareholders might elect to keep their tokens, receiving annual percentages of company profits without selling their token. For faithful investors interested in long-term profits, this option may ensure the perfect kind of margins for continued cash-flow.
As mentioned previously, the Polybius system generally operates within the Ethereum system, much like their competitor banks all over the world. The Ethereum Virtual Machine allows users to create virtual “Smart Contracts” to conduct sophisticated automated transactions. Similarly, the payouts by Polybius use Ethereum smart contracts to ensure the validity of their payouts to investors.
Annually, 20% of the company’s profits are placed into an Ethereum wallet. From that point, smart contracts distribute the Ether to investors in varying amounts, depending on the conditions of the smart contracts.
Getting Involved In Polybius
Unlike some of their more confusing competitors, Polybius offers a simple sign-up process for potential investors looking to get on-board. After signing up using email and payment information, investors are free to get involved with this growing business.