AIBanks
Reserve tokens to participate in banking decentralization
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AI Blockchain banking platfrom
based on MLaaS Zalogo operating since 2013
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AIBANKS LAUNCHES AI BLOCKCHAIN LENDING PLATFORM
to make loans affordable, fast and secure worldwide with blockchain fraud prevention and AI decisions
FRAUD AND MANUAL DECISIONS DRAG BANKING

Banking requires blockchain for fraud prevention and AI for decision making to operate $199 trillion credit and 120 trillion transactions per year.
70% of banking operations, regulations and costs are related to fraud prevention.
The largest loan marketplace lost 80% of capitalization after investors recognized that they cant trust its loans records.


AIB INTRODUCES BLOCKCHAIN FRAUD PREVENTION AND AI UNDERWRITING

AIB blockchain fraud prevention and AI underwriting may save up to 9 billion of man-hours and $600 billions of retail loans costs per year.
We roll out AIB platform on a lean step-by-step basis, starting with Home Lending based on our existing business unit Zalogo with 1000+ deals processed.

AIB CONNECTS BANKS, INVESTORS AND BORROWERS ON AI BLOCKCHAIN

AIB blockhain fraud prevention and AI enables immediate underwriting and sale of a loan to the most suitable bank or investor.

So banks and even chatbots will deliver loans at the best rate possible in seconds to borrower and lender.
THE FIRST ICO OF BLOCKCHAIN BANKING PLATFORM
THE CRYPTO COMMUNITY TO ADVANCE MAINSTREAM BANKING
$12 trillion monetary base, processing $199 trillion of loans and 120 trillion payments per year
BANKS TO DELIVER CRYPTO CURRENCIES TO 2 BILLION CLIENS

Accounts in BTC, ETH, XRP, LTE, AIB and other cryptocurrencies may become available to 2 billion banks' clients for investment and payments along with USD, EUR, YEN etc.
RISE OF DEMAND FOR STORAGE AND PROCESSOR CAPACITY

~30 000 000 terabytes of encrypted storage and large computing capacity are needed to decentralize loans only.
Crypto mining infrastructure and projects like Storj, Golem and SONM will be able to handle the demand.

CRYPTO CAPITALIZATION GROWTH TOWARDS THE GLOBAL MONETARY BASE

Global monetary base or central banks balance sheet is ~ $12 trillion in comparison to ~ $40 billion of current crypto currency cap.

WORLDWIDE DECENTRALIZED CURRENCY AND RESERVE SYSTEM
Lending, deposits and payments will generate sustainable demand for a stable crypto coin.
On the supply side, banks will be able to borrow crypto coins minted via our smart contract like they borrow dollars from Federal Reserve System. That is how decentralized Reserve System may be created.
SOLVING "TOO BIG TO FAIL" PROBLEM

Insolvent large centralized banks threaten triggering domino effect and thus are bailed out. Taxpayers cover excessive risks and fraud hidden in manipulated accounting reporting.
Decentralized banking is more immune to domino effects as it is far more transparent and less interdependent.

FEWER "BLACK SWANS"

The credit crisis of 2008 happened due to low transparency of Mortgage-Baked Securities.
AIBanks makes loans pools transparent. So investors would never accumulate so many MBS and CDOs with low down payment, motivating borrowers to default when house price decline below their mortgage debt value.
30 000 000 000 TB OF ENCRYPTED STORAGE
NEEDED TO DECENTRALIZE LOANS
Rent your drive to banks with Storj technology.
ROAD MAP

AIB HOME LOANS PLATFORM COMES FIRST

AIBanks launches on blockchain home lending marketplace AIB Zalogo. Zalogo has processed 1000+ mortgage deals and proved potential to erase prohibitive deal costs up to 90 man-hours and $9 000 per deal.
1. AIB HOME LENDING - ZALOGO

Home equity loans may replace more consumer loans and save $500 bn on interest payments annually.
AIB deploys Smart Contracts and AI to slash origination costs and make home loans pools transparent in Emerging markets.
Global home loan portfolio ~ $26 trillion
2. AUTO LOANS

Despite relatively simple origination process refusal rate is high for secondary auto loans. Decentralized loans marketplace will reduce refusal rate and origination and securitization costs.

Global auto loan portfolio ~ $2 trillion.
3. SMB AND CONSUMER LOANS

These unsecured types of loans are more prone to assymetric information and negative selection risks than secured loans. Originators tend to keep good clients to themselves while selling "rotten" loans to investors.
Blockchain transparency will be helpful there as well.

LEAN, STEP BY STEP ROLL OUT
after successful deployment of loan platform we will be able to leverage the platform for related products...
4. PAYMENTS

Retail and corporporate payments, international transfers (potential cooperation with Ripple), SWIFT and cards are well positioned to benefit from decentralization.
5. DEPOSITS

Corporate Balances, Current Deposits and Savings Accounts
6. CAPITAL MARKETS

Securitization FX, Debt & Equities, Structured Products, Asset Management, Private Banking
CORE USE CASES AND SERVICES
to be avaiible for banks and investors via AIB API
AI SALES AND UNDERWRITING

Borrowers get the best approved loan offers in few seconds via banks or chatbots.
AIB AI reads and understands application documents and clients big data, request additional information and makes offers based on preferences of banks and investors written in Smart Contract.
SMART CONTRACTS ORIGINATION

Banks and investors set up loans eligibility criteria in AIB Smart Contracts. Other banks, investor or brokers match loan applications against such contracts, originate and sells loans to the contract owner.
These ensure fast, cost efficient, secure and compliant with regulations origination.
BLOCKCHAIN FRAUD PREVENTION

Investors and Regulators monitor loans portfolio and regulatory ratios in real time.
In particular, investors will be sure that appraisals, down payments and loan payments are not fraudulent.
These will trigger flow of money from capital markets to Home Equity and other loans.
TOKENS INSTEAD OF BONDS

Investors will be able to buy tokens secured by loans receivables (mortgages, SME, auto loans). Traditional securitization will be faster, more safe and cost efficient as well.
AI & Blockchain banking reviews
"Cloud based platforms, robotic process automation, and cognitive technologies are expected to be top priorities [for banks and capital markets firms], along with a push to replace aging core systems.
Partnerships with marketplace lenders may be highly sought to attain lending business diversification and scale."
"Blockchain technology may radically alter the process through which consumers buy a home, as well as the way financial institutions handle mortgages. Specifically, the technology could remove cost and friction from the process, create transaction records that are infallible and incorruptible, and facilitate nearinstantaneous settlement. It could also dramatically change the way mortgages are serviced and sold on the secondary market."
"The financial-services industry is up for serious disruption - Blockchain Revolution, it [financials industry] moves money, it stores money, it lends money, it trades money, it attests to money, it accounts for money, and so on.

Every one of those can be challenged."
"All loan data placed on the blockchain becomes immutable and is time-stamped within a verifiable audit trail. From the point of origination, there will no longer be a need to consult different data silos for different pieces of relevant underwriting and servicing information, creating one "true" and auditable source of data.
Blockchain will securely and confidentially track and relay security ownership information to authorized trustees to streamline security servicing. Regulators with full access rights could gain a systemic view of asset ownership and monitor systemic risks.

Blockchain and smart contracts could catapult the securitization industry into a new digital age."
AIBANKS HAS A PROVEN BUSINESS UNIT -
ZALOGO HOME LENDING SINCE 2013
Over 1000 loans processed
Over $30 millions loans value
5 banks, 22 investors and 14600+ clients
Since 2013 AIB Zalogo has being mastered the mortgage marketplace
In 3Q 2016 we launched P2P lending

Zalogo has AI engine (image & text recognition) sorting loan documents and preparing application packages, saving 70% of loan processing time
Borrowers may save up to $10 billion in interest payments if refinance part of the consumer debt with home equity loans in Russia.
Founder of AIBanks Valentin Preobrazhenskiy at Forbes:
PRIVATE PLACEMENT
FOR THE COMMUNITY LEADERS AND EARLY ADOPTERS

Due to limited AIB token offerig during ICO in June we run privileged private placement in advance to ICO to ensure that the pioneers and founders of the crypto world have access to AIB tokens in the first place.
PRIVATE PLACEMENT OFFERING

AIBanks ICO will start in June 2017 with value of tokens offering limited to $6.85 m. We would like to make sure that the pioneers of the cryptocommunity will have the opportunity to participate in AIB ICO on a privileged basis and benefit from blockchain expansion into the commanding hights of the global economy. Their vision and values are very important for development AIBanks as a banking platform and AIB as a stable coin.

AIBanks issues 100 AIBP tokens for private placement.
AIBP price is 33 ETH.
Within one week after the AIB ICO AIBP will be converted into AIB with a 50% premium accordingly to the formula:

AIB to be recieved = AIBP * 33 / AIB ICO price ETH * 150%

We limit private offering to 20 AIBP per one hand and reserve the right to return payment and withdraw AIBP token within 7 days after purchaise.
WHY WE LIMIT ICO OFFERING

Accordingly to the best practices we follow lean step-by-step fundraizing and limit ICO goal. We raise only $6.85 m needed for Phase I implementation despite overwhelming indicated demand for the banking platform.
Investors benefit when a project recieves access to funding based on perfomance rather then "full cash in advance" practice. The team shall meet intermediary goals to get access to funds supposed to be used for more distant goals.
Perfomance based funding combined with strict emission rules motivates the team to work hard to meet the tokens holders expectations to be able to raise the next funding round needed for Phase ||.
Classic venture capital, despite many pitfalls, provides very useful practices regarding sustainable team motivation: The team shell benefit the most from the project capitalization growth. And this benefit shall outweight any alternative ways of making money.
That is why we limit ICO goal to have strong motivation to focus on execution to raise fundamental value of AIB tokens and sell reserved for Phase || tokens at higher valuation.
The link to this Private Placement page is for private use only. The link to be shared exceptionally with the community leaders contributing to the ecosystem sustainable development.
ICO AND TOKEN MECHANISM
Demand
Supply
Price
Budget and Governance
How to buy
How AIB will be used and why the tokens will be in demand?

AIB tokens will be purchaised from the market by AIBanks clients to pay fees to the platform, to use AIB as a coin for payments and lending, and to buy tokens backed by mortgages and other collateral originated on the platform.
How AIB will be sold and how many?

1 000 000 000 AIB tokens will be issued at the ICO. Part of the issue will be sold to meet
the funding goal $6 850 000.
Additional tokens may be issued only by AIB Stable Coin smart contract to every token holder on a pro rata basis (minus 20% to the reserve fund). So every token holder will get corresponding number of tokens and will not be diluted.
Reserve fund will be managed by an open code stable coin smart contract to stabilize AIB price at $1 currency basket equivalent, to reduce AIB volatility and provide liquidity .
What is ICO pricing mechanism?

AIB ICO token price will be determined with the dutch auction mechanics: those who put buy orders earlier will have higher chance to be in time to purchaise AIB.
The auction price will gradually decrease untill the value of AIB token sold (the number of AIBs sold multiplied by the lowest auction price) meets the funding goal. The last and the lowest price of the auction will be applied for every ICO participants (including early buyers). Thus early buyers will get coins at the lowest price and secure their participation in ICO while late buyers may find auction closed and get no tokens.
We will start offering AIB at $0.1 and decrease price each minute accordingly to the formula:
AIB Price = $0.1 * 43 200/(43 200 - Number of minutes after ICO start)
There will be an option to reserve AIB tokens prior to ICO start for 10% premium to the ICO price.

The funding goal is limited to $6 850 000, minimum valuation of the full AIB issuance $13 700 000.
How coins and cash proceeded from ICO will be used?

Proceeds will be used for:
25% - home lending blockchain platform and smart contracts development
15% - AI underwriting development
15% - business development (boarding of banks and investors to the platform)
20% - proceeds of all tokens sold will be transferred to the AIB Stabele Coin Fund managed by open code smart contract
9% - the team bonus pool
6% - administrative expenses

How money usage will be governed?

Escrow Board/ Board of Directors
All proceeds from the ICO will be accumulated at the Escrow account.
AIBanks will hire Escrow agent with the signature to approve:
a. any transaction exceeding $250 000 or 5% of remainings on the escrow account (highest of the two)
b. any spending exceeding $500 000 or 10% of remainings on the escrow account
Within 6 month after ICO AIB will organise election of the Escrow board within token holders. Escrow boar will have 3 seats with 2/3 signatures to approve transactions above.

Reporting
AIB will have to issue semiannual performance report. Escrow board members will have to put their resolution on the report.
How to buy tokens?

Tokens are purchased by sending ETH to the AIB token ICO address.
Tokens will be delivered to buyers no later than one week after the conclusion of the sale.

The ling with the ICO wallet adresses in ETH, BTC, WAV, LTC etc will be availiable soon.

WILL BLOCKCHAIN STEP IN THE GLOBAL ECONOMY?
AIB decentralizes the commanding heghts of the global economy - banking
Request AIBanks Private placement details
ICO announcements, white paper and token purchaise details