Introducing iBBT™ GEO Reward Token on a distributed Open Banking™ Platform

Token Name: iBBT Utility Token

  • Symbol: GEO
  • Contract: [email protected]
  • Standard: Ethereum ERC20
  • Website: iBBT(dot)io
  • Is this an Initial Exchange Offering? No
  • Are the GEO Reward regulated? Yes (when they function as a Fraction Convertible Share)
  • Are GEO Reward Tokens Restricted? No

iBBT™… a distributed Open Banking™ Platform.

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iBBT™ enables access control to a stack of decentralized utilities in a crypto-banking system. This includes smart identity provision for privacy and compliance. The iBBT™ also facilitates the consumption of certain financial services; including, on-net conversion to digital asset purchases/swaps or secure custody in a corresponding Open Banking™ Marketplace.

Core Mission

Blockchain and distributed ledgers have a bright future. As real-time, open-source, and trusted platforms that securely transmit data and value, they can help banks not only reduce the cost of processing payments but also create new products and services that can generate important new revenue streams.

The biggest key to turning blockchain’s potential into reality is a collaborative effort among iBBT® Open Banking members to create the network necessary to support global payments. iBBT® looks at the bigger picture and to work together with merchants—and with non-banks—to help define the backbone that can underpin a universally accepted consumer/merchant adaptable, ubiquitous global payment system that can transform how merchants and consumers execute transactions.

Key Factors to Adaptation

The iBBT™ distributed network is a critical success factor in our blockchain adoption, but there are others. Another important one is generating internal momentum for blockchain consumer/merchant integration and implementation—something that is an area the existing banking and merchants currently struggle to do. iBBT’s™ offer of a unique security methodology is another an important reason consumers and merchants embrace iBBT™ Open Banking™ blockchain technologies, and understandably so.

Beyond these factors is something more fundamental: The need to educate key stakeholders within the organization on blockchain’s enormous potential benefits and positive impacts. Finally, we agree with industry experts, that applying blockchain successfully to payments will require fostering an uncommon coordination among merchants—which is vital to generating the positive network effects that make blockchain so compelling and the iBBT Open Banking Network is ready to accept the challenge.

Merchant and emerging financial crypto networks can offer community currency based on iBBT’s™ blockchain technology. The advent of smart contracts and new efficiencies in distributed consensus mechanisms have the potential to prime equitable economic activity for a much larger segment of the global population without compromising privacy, transactional throughput, or regulatory compliance. Embedding the right incentive structures in a blockchain marketplace could lead to the beginning of a new era of trust, digital-asset based smart economies, and improved human cooperation.

We propose the iBBT™ (“iBBT™ Tokens”) as a multi-tiered utility and community currency token in a secure, open banking marketplace system to power digital economies. iBBT™ natively supports an abundance of use cases including universal borderless payments for consumers and merchants.

The iBBT™ system provides:

  • Users: strong privacy and security as part of universal smart identity with KYC and AML compliance; using a single token to update and maintain identity. Website Link [ SmartIDentity ]
  • Merchants: improve operating margins and revenue, use token as a discount or reward tool to drive sales, create brand identity, and reduce fraud. See. Fraud Prevention Standards [ DARSA ]

Token Name: GEO Reward Token

Function: The GEO Reward is issued by iBBT’s Open Banking Network each time traditional currency is converted to GEO Credits. (GEO Credits is iBBT banking internal unit of account for fiat currencies on the iBBT Ledger. To offset the cost of credit card deposits, the GEO Rewards Token is issues on a 1:1 parity with the transaction value of the fiat currency. Etc 100 EUR = 100 GEO Credits and 100 GEO Rewards)

Token Symbol: GEO

Decimals: 7

Total Token : 7,000,0000,000 GEO
Available to Public (Market Cap): 600,000,000

Ethereum Token
Contract wallet : 0x829FC6B9CCEC9FBd5534E40B2181556C2a791896

Exchange / Trade Platform

Web Wallet: Metamask, Trust, iBBT Ledger

Android wallet: All ERC20 wallet. Trust, Metamask, etc.

EXCHANGES

SATURN.NETWORK

REWARDS NETWORK

iBlockchain Bank & Trust Open Banking Network