HUBRISONE – A Private Digital Bank – Shiva Arulmani
With the advent of bitcoin in the year 2008, the cryptocurrency market gained momentum. Since then, it has been on a rapid rise. The market has attracted innumerable investors as well as common people in the last decade. However, the market is encompassed by several significant issues that renounce mainstream investors from trusting it completely.
The crypto market is undergoing its years of infancy which coupled with other significant issues, hamper its growth. Some of the major challenges associated with the market include unregulated exchanges, indexes and derivatives; lack of inclusion in global financial; the need of complete end-to-end off-ramp and on-ramp for the new entrants in the market; volatility in the value of crypto assets; lack of transparency and credibility. Furthermore, people have greater trust in the traditional banking system (fiat currencies), which prevents them to adopt cryptocurrencies.
The conventional banking system is in operation for over 200 years. Despite its drawbacks, the banking system has been successful in gaining the credibility of people all across the globe. 24/7 networks of secure payments; loan facility to support businesses and needs of the people; generation of innumerable jobs; payout of millions of salaries, etc, are some of the advantages bestowed by the banking system. However, the system is taking undue advantage of the people by charging unfair and high transaction fees as well as FX rates. Apart from this, lack of transparency, poor customer service, lack of innovation and deficiency of complacency are other pitfalls in the banking system. So, there is a need for a platform that can highlight the benefits of the system and take away its drawbacks.
The traditional banking system and cryptocurrencies can be combined together to pave way for a secure, transparent and user-centric payment system. A fair-balance can be established between the fiat currencies and cryptocurrencies in the future for the ease of users. This step can even lay impetus on mass adoption of cryptocurrencies.
For its mass adoption, there is a need to legalize cryptocurrencies through a secure, regulated and trustworthy medium. Furthermore, there is a need to improve the existing banking system. Thus, a system that embraces traditional banking system as well as its benefits while eradicating its drawbacks while amalgamating it with cryptocurrency to offer innovation, customer centricity and enhanced customer service is the need of the hour. This is where HubrisOne steps in. It was launched as a solution to the aforementioned problems. HubrisOne offers a mobile app providing banking solutions with integration of cryptocurrency. The growth pattern of smartphone users gave an impetus to the development of a digital banking platform in the form of HubrisOne app.
What is HubrisOne?
HubrisOne is an all-in-one mobile app that amalgamates banking and cryptocurrency. It serves as the digital bank that is friendly to cryptocurrency. It facilitates users to manage cryptocurrencies using a bank account, cryptocurrency wallet and digital analytics tools. It endeavors to make blockchain technology a mainstream technology.
The app delivers cryptocurrency solutions to masses by offering a simple, user-friendly, secure and trustworthy infrastructure. This makes it easy for both the veterans as well as newbies of the cryptocurrency market to seamlessly handle crypto transactions. The platform has its own utility token, Hubris Token (HBRS) which can be used to gain access to platform’s features, to transfer funds, to store as a value, to receive discounts and to be used as a mode of payment. HubrisOne app is compatible with both Apple and Android. It merges the advantages of cryptocurrency industry with the banking industry.
Features of HubrisOne
It allows users to manage fiat currencies and crypto currencies
· It streamlines things. Users can purchase crypto assets using fiat currencies (USD, EUR, GBP) through the same app.
· Users gain complete control over their digital assets.
It facilitates users to make payments with crypto by just using email and mobile number
· With HubriOne, users just have to use a single crypto address.
· Within a few taps, users can send cryptocurrency.
· Users can save payee details to send money easily.
Reward Program offering HBRS Tokens
Every user who uses the app to exchange and store currencies is rewarded with HBRS token which is also known as Tokenback. These rewards are deposited on the HBRS wallet.
Wealth tracker to keep users updated of crypto portfolio and assets
· Users can easily track the value of their crypto portfolio by connecting it with exchange or wallet. It also displays wallet balance.
· Users get details of total assets and they understand the profit/loss creation as per their portfolio.
· Users can also track market prices with the tracker.
· Research of the market was carried out along with the analysis of market fit.
· A product was created catering to the market fit.
· The target market was assessed.
· Outreaching private investors.
· Recruitment and assembling of team.
· Press Release was launched along with HubrisOne Deck.
· Public Crowdsale was announced.
· Search for Development Partner.
· Pre-sale was opened along with Public crowd sale
· The community was built and enhanced.
· UX/UI was developed.
· FCA E-money license was registered.
· The US and Asia’s regulatory compliance was discovered.
· New Year Launch Party was organized in London.
· Development of HubrisOne app for Apple and Android.
· Security Audit.
· The app underwent beta testing and bugs were improved.
· Designing and manufacturing of Debit Card.
· Tokens were distributed.
· Crowdsale was completed.
· Token was listed on exchanges.
· HubrisOne app was launched.
· Google Pay and Apple Pay was released.
· Integration of Crypto-lending.
· Research and Development (R&D).
· Partners were built and grown.
Hubris Utility Token
HubrisOne has its own utility token HBRS token, which is regulated by ERC-20. The token serves as the backbone of the HubrisApp. The token is necessary to use the app and to leverage all its features.
· HBRS tokens can be linked to a debit card to pay for goods and services.
· HBRS tokens equivalent to $100 will be rewarded to users as a sign-in bonus.
· The tokens can be used in HubrisOne marketplace to access third-party services.
· HBRS can be transferred to any other wallet that is compatible with ERC-20.
· Users will receive HBRS tokens as rewards for making USD, GBP or EURO transactions using the app.
· Users can save 50% on exchange fees, transfer fees and membership cost using the tokens.
Why choose HubrisOne?
There are several reasons to choose HubrisOne. Some of them as listed below:
· It allows users to create digital bank accounts instantly in USD, GBP or EUR. On approval of AML and KYC, users can immediately start transferring, transacting and storing funds in these currencies.
· UK Sort Codes, IBAN, BIC and accounts can be created within a flash of time.
· The app uses Stellar Blochchain. So, the users don’t have to wait for 3–5 business days for the payment to credit in their account. The payments can happen instantly from HubrisOne bank account via block chain.
· It is an all-in-one app that offers secure digital account and card management.
· HubrisOne offers fair and transparent loans that are backed by crypto currency.
· The users can manage and track transactions in real-time.
· It facilitates with integrated cryptocurrency exchange.
· It offers wealth management solutions.
Fixed tokens: 1,000,000,000 or 1 billion HBRS
Circulating supply: 150, 000,000 or 150 million HBRS
For every new customer, 100 HBRS tokens will be burned from the reserve.
1. 40 % of the tokens are reserved for the Development. It covers expenses related to research & development, processing, design, testing and other aspects of app. The team will also hire developers and Fintech experts.
2. 20% of the tokens are reserved for the Operations. It covers operational cost which includes fixed costs associated with business. Office expenses, salaries of HubrisOne employees, expense of promotion and travel, expense to maintain 24/7 bank accounts, subscription for SaaS and global contact agents.
3. 20% of the tokens are reserved for Marketing. This will cover the cost of social media marketing which will be needed to attract potential users and acquire them. Aggressive social media strategies would be adopted and platform ads would be used to enhance as well as track ROI.
4. 15% of tokens are reserved for Security Infrastructure. Since banking solutions are prone to cybersecurity threats, the team has reserved 15% for the implementation of compliance standards and security measures. Hence, security specialists, compliance experts and regulatory professionals would be hired in HubrisOne’s team. This will facilitate the creation of a secure digital banking platform.
5. 5% of the tokens are reserved for partnerships. The team at HubrisOne through its Open Partner Platform will create headcount of partnership and development partnerships. This will ensure that it partners with the best non-blockchain and blockchain service providers.
The team at HubrisOne consist of visionaries, blockchain experts and Fintech specialists who have amassed together to offer an all-in-one mobile app. The team works tirelessly to make great things happen for the users.
To get more details, follow the links below:
ANN Thread: https://bitcointalk.org/index.php?topic=5039930.0
Bounty Thread: https://bitcointalk.org/index.php?topic=5167874
iOS : https://apps.apple.com/za/app/hubrisone/id1447229687
Telegram Group: https://t.me/hubrisonebounty
Bitcointalk Username: Rachchi
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2297077