Bancacy (BNY)

Digital Commodity Money That Solidifies

Review Score
ICO Price
Pre ICO Price
Soft Cap
Hard Cap
Pre ICO Start Date
7 September 2019
Pre ICO End Date
14 September 2019
Start Date
7 September 2019
End Date
14 September 2019

What is Bancacy?


Mission Bancacy is assigned to solve 2 primary problems in our cryptocurrency ecosystem:

Insufficient Market Liquidity
Market liquidity is a market feature where individuals or firm can quickly purchase and sell an asset without causing drastic change in the asset price. Liquidity is about how big the trade-off is between the speed of the sale and the price it can be sold for. In a liquid market, the trade-off is mild: selling quickly will not reduce the price that much. In a relatively illiquid market, selling the asset quickly will require cutting its price by some amount. In immature tradable asset we often see low daily traded volume which can be a byproduct of the little exposure that the asset got in contrast to well known assets. This fact can make potential investors sheer off from the asset which in return makes the problem bigger.

Cryptocurrency Market Volatility
Volatility is a statistical measure of the dispersion of returns for a given security or market index. In most cases, the higher the volatility, the riskier the security. Volatility can either be measured by using the standard deviation or variance between returns from that same security or market index. A year ago, Bitcoin soared to near $20,000 at its peak, only to fall sharply. It’s currently hovering around the $8,300 level. It seems lately as if every rally is short-lived, only to be followed by another sharp selloff. Prices of other leading cryptos such as Ethereum, XRP, Stellar & EOS have all followed suit, trending down significantly from recent highs. Over the last year, a substantial amount in crypto and blockchain-related fintech market cap value has been similarly fallen sharply. The sector is down roughly 80% from all-time highs, and many projects are down over 90%.

Bancacy’s vision is to bring more investors into cryptocurrency ecosystem in a way that those investors will be protected from market volatility at any time without any limiting factors, such as central authority approval or being dependent on human speed efficiency. To make this possible, Bancacy will use the power of the Ethereum Blockchain via the Ethereum Virtual Machine, eliminating any decentralization of any kind. Bancacy will utilize Smart Contracts that are immutable, unownable and open source for anyone in the world seeking to read the code behind Bancacy or the algorithms that are used.

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