User:Kotryna rato/sandbox

= RATO foundation = RATO is the first EU-regulated cryptocurrency bank. Previously known as Credit Union of Vilnius Region, founded in 1996, RATO now aims to develop a financial ecosystem, combining both fiat and cryptocurrencies.

Services[edit]
Their services include lending, credit and debit cards, deposits, highly secure vault, fiat – cryptocurrency exchange, insurance, cryptocurrency investment fund and mixed cryptocurrency fund. RATO members are encouraged to participate in voting at board member elections actively. They are held at least once in a month, and the most active voters are rewarded.

RATO uses KYC and AML systems to ensure transparency and cooperation with EU regulations.

Distribution[edit]
RATO has made an ICO, which aims to attract 300 million euros, for which 3 billion tokens have been issued. 51% of them have been sold to investors via crowd funding. The rest will be distributed between founders’ team, charity, and reserved for bounties as well as long-term budget. The majority (65%) of the ICO funds are directed at the bank equity base – profitable activities, capital reserve, legal costs, operational costs, and marketing. 30% is allocated to product development, and the remaining 5% will be received by the founders.

As of 2017 05 31, RATO has 24 million EUR in assets, 2 million EUR in equity, 21.2 million EUR in deposits, and has provided loans amounted to 17.6 million EUR.