LIMITED PRIVATE PRE ICO OF AIBP
For AIBanks ecosystem members and advisors only
AIBP will be converted into AIB during ICO
PRIVATE PLACEMENT OFFERING

The first ICO of a blockchain banking platform will be announced soon. AIBanks will sell AIB tokens with the goal to onboard AIB node holders and regional partners (loan investors, banks and other loan originators) and to fund the blockchain implementation and business development, develop the cryptocurrency tailored for banking operations.

The value of tokens offering will be limited. Therefore, we would like to make sure that the pioneers of the crypto community will have the opportunity to participate in AIB ICO on a privileged basis. Your vision and values are very important for the blockchain banking ecosystem development.


We limit our private offering to 200 AIBP per one hand and reserve the right to return payment and withdraw AIBP token within 7 days after purchase.
WHY WE LIMIT ICO OFFERING

According to the best practices we follow lean step-by-step fundraizing and limit ICO goal. We raise only limited amount needed for Phase I implementation despite the overwhelming indicated demand for the banking platform.
Investors benefit when a project receives access to funding based on perfomance rather than "full cash in advance" practice. The team shall meet intermediary goals to get access to funds supposed to be used for more distant goals.

Classical venture capital, despite many pitfalls, provides very useful practices regarding sustainable team motivation: the team's benefit from the project capitalization growth shall outweight any alternative ways of making money.

That is why we limit our ICO goal to have the strong motivation to focus on raising fundamental value of AIB tokens and selling reserved for Phase || tokens at a higher valuation.
ICO AND TOKEN MECHANISM
Demand
Supply
Price
Budget and Governance
How to buy
How AIB will be used and why AIB tokens will be in demand?

AIB tokens will be purchased from the market by AIBanks clients to:
- pay fees for transactions (such as loan sale, or saving loan records on blockchain)
- use AIBs as a coin for payments
- use AIBs for lending
- 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. A part of the issue will be sold to meet
the funding goal.
Additional tokens could be issued only by AIB Stable Coin smart contract to stabilize AIB price against a fiat currencies basket. AIB Stable Coin smart contract will be deployed only after 10x growth of AIB capitalization to benefit the Token Sale contributors.
How AIB will be sold and how many?

1 000 000 000 AIB tokens will be issued at the ICO. A part of the issue will be sold to meet
the funding goal.
Additional tokens may be issued only by AIB Stable Coin smart contract to each token holder on a pro rata basis (minus 20% to the reserve fund). So each token holder will get a corresponding number of tokens and will not be diluted.
The 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 the ICO pricing mechanism?

The AIB ICO token price will be determined with the Dutch auction mechanics: those who put buy orders earlier will have a higher chance to be in time to purchase AIB.
The auction price will gradually decrease untill the value of the AIB tokens 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 that hits the funding goal will be applied to each ICO participant (including earlier buyers). Thus, earlier buyers will get coins at the lowest price and secure their participation in the ICO, while late buyers may find the auction closed and get no tokens.
There will be a limited presale availiable.
What is the ICO pricing mechanism?

The AIB ICO token price will be determined with the Dutch auction mechanics: those who put buy orders earlier will have a higher chance to be in time to purchase AIB.
The auction price will gradually decrease untill the value of the AIB tokens 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 that hits the funding goal will be applied to each ICO participant (including earlier buyers). Thus, earlier buyers will get coins at the lowest price and secure their participation in the ICO, while late buyers may find the auction closed and get no tokens.
We will start offering AIB at $0.1 and decrease price each minute.
There will be a limited presale availiable. an option to reserve the AIB tokens prior to the ICO start for 10% premium to the ICO price.

The funding goal will be limited, minimum valuation of the full AIB issuance will be announced.
How coins and cash proceeded from ICO will be used?

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

How money usage will be governed?

Deventralized Escrow Board/ Board of Directors
AIBanks will announce a governance mechanism with a Multisignature Escrow Board to approve large transactions and annual budget audit.
The Escrow Board to be elected by token holders.

Reporting
AIB will be obliged to issue semiannual performance reports and an annual audited financial statement. Such reports shall be aproved by the Escrow Board.
How to buy the AIB tokens?

The AIB tokens are purchased by sending ETH to the AIB token ICO address.
The AIB tokens will be delivered to buyers no later than one week after the end of the auction.

The link to the ICO wallet adresses in ETH, BTC, WAV, LTC, etc. will be available soon.

Sing up for AIBanks newsletter