Regulated Bank for the Blockchain Generation
Smart contract blockchain
David Wachsman - Public Relations and Marketing
Polybius is crypto-banking platform providing security and anonymity and allow optimization of global trade and international cooperation in the plane of economics. They have Polybius token which is ethereum based and the token holders get rewarded from a percentage of companies profits for holding their tokens. The team does consist of great members and the overall team evaluation is positive. The website has a great user interface and is easy to use. The roadmap looks basic and the whitepaper is also well thought and presented. overall the projects seem good in all its aspects.
User ReviewWrite review 4 reviews
The project aims to bring private banking system along with the advantages of the blockchain technology which according to me is one of the most common ideas which have been carried out better by other projects. The team and website and the roadmap along with the white paper, all seem pretty good but due to the concept being too common I wouldn't suggest investing in it.
The first sentence you see after visiting their website says: "a project aimed to create a regulated bank for the digital generation." And I think that already disqualifies them and makes them the most crypto related company ever. Blockchain was created to help make everything decentralized and not controlled by anyone. Bitcoin was created so that there is no threat of a bank having control over our money. And now here is Polybius who wants to bring back everything that we've been fighting against. Pointless.
I'm not sure that after the developers of the cryptocurrencies did their best to make them as decentralized and anonymous as possible and giving all the management with private keys to the users, I don't see why would anyone need a bank now, after everything has been done to get rid of banking.
However if somehow the project succeed a holder of this ICO will get some nice bonuses, like 20% of their profits will be distributed to the ICO holders and with the platform that big it can be some significant amount of money. The team working on this project is big enough to execute something like this, I'd say.
I joined Polybius during the ICO because they're affiliated with Hashflare who has been long active in the crypto industry. A Blockchain Bank simplifies today's problem of the traditional banks. Speed of the transfer and trust is a big problem. That is why I invested here. However I consider it as risky since the team of Polybius has a shady history.
To sum up, I'll list all pros and cons here.
• First Company that wants to be a blockchain bank
• Team behind of Polybius have been long in the industry
• Promise a profit of 20% of the company's profit towards the end of the year
• Poor dedicated support in Telegram Chat
• Shady history about Polybius team
• Accusation of faked partnerships with other company
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