TokenUnion is an Ethereum-based decentralized application that cryptoeconomically incentivizes holding crypto.
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.
This is *similar* to a ponzi scheme, in that the only source of "income" is other users leaving, and paying a "withdrawal fee".
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.
Powerful economic incentive model encouraging token holding
Experimental like most new Ethereum tech
I am excited to see where it goes
It seems new and useful!
I am not sure.
Waiting to use this saving account. too bad we have to wait for at least 1 more month
Love the concept, and they will be first to market, huge potential
more clarity on how the tokens will be used
Protocols piggy backing on other protocols while none have been proven concern me
The concept seems very good
Bancor integration mentioned as an advantage in the white paper
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.
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!
Here is my link for those of you on Product Hunt who also want some free token as a giveaway: http://tokenbnk.com?referral=HJF...
not sure yet.
Not sure yet. can you make the whitepaper pdf instead of a png
Get paid to hodl? Would be nice if this removed some volatility in the alt market.
Need to stop my compulsive trading
Love the concept, would love to get it!
can't wait for this!
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.
Novel way to earn interest from crypto tokens. A distinct method I haven't seen anywhere else to store and earn interest from crypto.
I can't think of any based on the whitepaper, but transaction fees could be an issue.