Welcome to Blockchain Bank & Trust


Even though there are few use cases for such opportunities we’re ready for prime time, the notion that blockchain had the significant potential not just for business but in society as a whole began to gain traction. Today, blockchain is garnering headlines once again, this time for the vast ecosystem of cross-industry use cases emerging around it. The blockchain is now finding applications in every region and sector.


  1. Create a new model of a Decentralised Blockchain Bank
  2. Create a Bank ERC20 Utility Token the ‘IBBT’. The token will be used by users to interact with the bank services, examples:
    1. Login validation/verification
    2. Execute deposits and withdrawals
    3. Offer rewards or discounts on existing and future bank services.


(Notice: Not Charter Bank yet…)


Because the long-term objective is to merge IBBT with a traditional bank, it is crucial for both founders and large investors, to think about vesting. Most startups employ a 4-year vesting schedule with a 6-month cliff, meaning if you don’t stay for at least 6-months, you get nothing. From that point onward, employees (and founders) receive a set percentage of their equity allocation, ultimately tapping out at the 4-year mark. I feel this system traditionally is adequate, but not perfect for tokens. The issue being, equity is very illiquid — both its greatest weakness and its greatest strength.


Instead, I would suggest a selling schedule — something that limits the velocity with which employees, founders, and large investors can liquidate tokens.

For instance, shortening the vesting schedule to two years but increasing the selling schedule to 2–4 years would mean that if it took 2 years to earn the tokens, it would take 2–4 years to sell them all off.

This reverse vesting means that the IBBT team can access some liquidity without tanking the token economy/price. This also forces employees to stick around longer and be more committed to the project and mission.

Even if it takes 2–4 years to sell off all your shares, you still have some liquidity faster than a traditional startup founder/employee. But you have to hang around and keep contributing to being able to sell it all off.

In this scenario, only employees with the REAL need of the cash can sell off tokens because they still need to work towards building value for at least 2 years before they can get all their money out.

No pump and dump, no misalignment of incentives. Instead, all of us must stick around and fight to increase the value of the token and network.


In order to protect everyone who took the risk to invest in the ambitious endeavor, I had to consider how to protect the founders and co-founders. Since IBBT will be a Public company and it is listed in the Maltese exchange I created a process in the smart contract that will reward permanently all founders and cofounders with a fraction of a percentile based on all fees collected by the IBBT Services present and future. Regardless whether you still own equity shares or tokens, or if IBBT is sold to another corporation or due to its nature of being a public company there is an effort to control management of IBBT,  no one can disable or cancel any requests from a smart contract.