TokenUnion

Earn crypto by holding crypto 📈📈

3.4/5
About

TokenUnion is an Ethereum-based decentralized application that cryptoeconomically incentivizes holding crypto.

10 Reviews
15645
58444
72708
 +29 reviews
  • 15645
    Robert LeshnerFounder @ Compound
    Pros: 

    Very few.

    Cons: 

    This is *similar* to a ponzi scheme, in that the only source of "income" is other users leaving, and paying a "withdrawal fee".

    I've read the whitepaper; this project is a soft clone of POWH (proof of weak hands), EthPyramid, and other Ethereum ponzi-like projects. The proposed solution provides no economic value, and may constitute fraud.

    Robert Leshner has never used this product.
  • Pros: 

    Tokenbnk is a great way to store your coins and forget about them, which is great if you try to panic sell too much. I can't wait for it!

    Cons: 

    Not really

    As anyone who's tried day trading will tell you: it's incredibly hard if you don't have bots to do it for you. Trading is an easy way to lose a ton of cash. That's why holding is wisest strategy. Tokenbnk let's you do that and hopefully return to a decent amount of interest on top to reward you for your patience. Since it's built on a smart contract I don't have to worry about the team bailing with my funds.

    Ghilia Weldesselasie has never used this product.
  • 98421
    Pieter GorsiraFounder, Lawnmower
    Pros: 

    Powerful economic incentive model encouraging token holding

    Cons: 

    Experimental like most new Ethereum tech

    TokenBnk provides an entirely new incentive dynamic for the future token economy. It's a fresh concept that could have large implications for how, where, and why tokens are stored and transferred in the Ethereum network.

    Pieter Gorsira has never used this product.
  • 1391423
    Joe CampbellFinancial Analyst
    Pros: 

    Novel way to earn interest from crypto tokens. A distinct method I haven't seen anywhere else to store and earn interest from crypto.

    Cons: 

    I can't think of any based on the whitepaper, but transaction fees could be an issue.

    Innovative approach to earning crypto.

    Incentivizes you to HODL, and as you do, you profit on the interest you earn from others who withdraw over time.

    Joe Campbell has never used this product.
  • 195055
    Daniel GreenbergMaking weird internet
    Pros: 

    It seems new and useful!

    Cons: 

    I am not sure.

    I am excited to see where it goes

    Daniel Greenberg has never used this product.
  • Pros: 

    The concept seems very good

    Cons: 

    Bancor integration mentioned as an advantage in the white paper

    Protocols piggy backing on other protocols while none have been proven concern me

    jonatan alava has never used this product.
  • 1011008
    Calvin ChuBusiness Development at Republic.co
    Pros: 

    Love the concept, would love to get it!

    Cons: 

    can't wait for this!

    Need to stop my compulsive trading

    Calvin Chu has never used this product.
  • 495581
    Loic JeanjeanHead of Marketing, Advisor Websites
    Pros: 

    Love the concept, and they will be first to market, huge potential

    Cons: 

    more clarity on how the tokens will be used

    Waiting to use this saving account. too bad we have to wait for at least 1 more month

    Loic Jeanjean has never used this product.
  • 875084
    Sam BorinProduct Manager, Philosopher
    Pros: 

    Interesting concept

    Cons: 

    Highly experimental

    Get paid to hodl? Would be nice if this removed some volatility in the alt market.

    Sam Borin has never used this product.
  • Pros: 

    not sure yet.

    Cons: 

    Not sure yet. can you make the whitepaper pdf instead of a png

    Here is my link for those of you on Product Hunt who also want some free token as a giveaway: http://tokenbnk.com?referral=HJFywGKCZ&refSource=copy

    Lester Tiro has used this product for one day.