Mt Pelerin Hot STO

Mt Pelerin is a Swiss project to create the first bank to be fully built on blockchain in total compliance with regulations.

Review & Analysis View Whitepaper View Website

ICO Details

Status

Past

Starting date

October 30th, 2018

Ending date

December 15th, 2018

Whitelist

Yes

Token Sale Hard Cap

$ 2,500,000

Token Sale Soft Cap

TBD

Token Symbol

MPS

Token Type

Ethereum ERC20

Initial Token Price

1 MPS = 5 CHF

KYC

Yes

Participation Restrictions

USA, China, Afghanistan, Bosnia, Cuba, Democratic People's Republic of Korea, Ethiopia, Guyana, Irak, Iran, Laos, Ouganda, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Vanuatu, Yemen.

Accepts

ETH, BTC, CHF, EUR, USD, GBP

Features

Mt Pelerin's ambition is to design a fully regulated and compliant bank on blockchain in Geneva, Switzerland. Their key concept is the tokenization of the entire balance sheet of the bank, making the use of smart contracts on any asset possible. Implemented around a modular and open platform, comprehensive banking services will be delivered as marketplaces where the trade of tokenized assets will be possible with unprecedented liquidity, transparency and efficiency. This will let them heavily reduce operational costs compared to traditional banks, while radically democratizing the access to assets and investment opportunities.

Being open to services from other financial institutions in order to bring more choice to their customers and a healthier competition, their marketplaces will be the bridge that they have envisioned.

Their business model is also designed to keep 100% of our clients’ current accounts in reserve, acting as a custodian bank, in a fully transparent manner. In this way, they will know that their assets are safe with them and not leveraged for profit. Instead, revenue will be driven from value-adding and innovative services offered on our marketplaces.

Core Team

Arnaud Salomon
Founder & CEO