Funds allocation and resource utilisation
Last updated
Last updated
The funds raised through BANGK's ICO will be used strategically to fuel growth and secure BANGK's future. Their allocation shows that the capital will be managed carefully and responsively, to enable BANGK to adapt to market changes and the different phases of the project.
Most of the ICO funds will be invested in BANGK's technical structure and operational efficiency. This includes:
Implementing and refining the platform's core functionality.
Strengthening the technical infrastructure to ensure scalability and security.
Recruiting top talent in engineering, product development and operations to expand the team's capabilities.
To expand BANGK's visibility and user base, funds will be allocated for :
Targeted marketing campaigns to increase awareness of the BANGK brand.
Communication and PR initiatives to build a strong market presence and reputation.
User incentive programmes to attract new members.
The creation of a dynamic community. Because this is at the heart of BANGK's mission and BANGK's journey can only be achieved through the collective strength and involvement of the community.
15% of the ICO funds will be allocated to R&D, underlining the dedication to keeping BANGK at the forefront of blockchain and fintech innovation. This investment is essential to:
Develop new features and enhance the core capabilities of the platform to stay ahead in the rapidly evolving digital finance landscape.
Ensure BANGK remains adaptable and resilient, ready to integrate emerging technologies and keep pace with market trends.
Advance the integration of ethical and responsible investment opportunities, refine the user experience and improve token valuation mechanisms.
Bridging the gap between blockchain innovation and traditional banking systems, facilitating a seamless blend of decentralisation and traditional finance.
Integrating social, ethical and solidarity values into the platform's technological structure, leading initiatives that go beyond profit to embody our commitment to a positive global impact.
Part of the funds will be set aside as a strategic reserve with the aim of :
Manage market fluctuations and take advantage of strategic opportunities.
Ensure a reserve for future essential updates and project developments.
10% of our ICO funds will be dedicated to strategic partnerships and ecosystem integrations, focusing on:
Extending influence: Collaborating with key players in blockchain, finance and technology to extend BANGK's reach and strengthen its position in the digital finance landscape.
Accelerate innovation: Select partners to bypass development stages that are not high value-added, allowing us to focus on innovation and high value-added features.
Improving the usefulness of BANGK Coin: Ensuring that partnerships contribute directly to the value of BANGK Coin through extended use cases and new features on the platform, for the benefit of BANGK Coin holders.
To navigate the complex regulatory landscape, the funds will:
Secure essential crypto and banking licenses, enabling BANGK to operate within legal frameworks and thereby fostering user and regulator confidence.
Build a dedicated legal and compliance team to navigate the complex regulatory landscape, ensuring BANGK adheres to the highest standards of legal integrity and regulatory compliance.
Proactive management of legal and regulatory requirements.
Regular consultations with legal experts to keep abreast of regulatory changes.
BANGK is committed to implementing a flexible and responsive financial strategy. It is essential to understand that the allocations mentioned are based on estimates and may be adjusted according to circumstances at any given time, including live developments, strategic adjustments, community feedback and industry trends. The resource allocation plan underlines a commitment to progress towards stable and efficient development and growth.