'BANKEX is a fintech company that utilizes blockchain technology to create the infrastructure for the decentralization of the world’s capital markets. BANKEX offers a model wherein possession of its tokens gives users perpetual free access to its services. This is a lot like a subscription to web services, except that payment is only made once, instead of on a regular basis. Ownership of BKX tokens provides free secure cryptocurrency storage with BANKEX Custody Service, pays for escrow commissions and buys arbitration votes in Digital Deal, and will have an important role to play in the BANKEX Security Token ecosystem.'
Novacoin is a hybrid Proof of work (POW) / Proof of stake (POS) decentralized peer-to-peer cryptocurrency.The Proof of Work part of Novacoin is based on the Scrypt hashing algorithm. Proof of Stake contributes to the coins energy efficiency, as there is no need for nodes to contribute mining power to part of the money creation process. As of now, Novacoin is set to be capped at 2 billion coins. However Novacoin stated that the cap limit may be lifted if the situation requires it. It looks very much like a variation of Sunny King Peercoin.