Earn crypto by holding crypto 📈📈
TokenUnion is an Ethereum-based decentralized application that cryptoeconomically incentivizes holding crypto.
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.
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:
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.
Powerful economic incentive model encouraging token holdingCons:
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.
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.
It seems new and useful!Cons:
I am not sure.
I am excited to see where it goesDaniel Greenberg has never used this product.
The concept seems very goodCons:
Bancor integration mentioned as an advantage in the white paper
Protocols piggy backing on other protocols while none have been proven concern mejonatan alava has never used this product.
Love the concept, would love to get it!Cons:
can't wait for this!
Need to stop my compulsive tradingCalvin Chu has never used this product.
Love the concept, and they will be first to market, huge potentialCons:
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 monthLoic Jeanjean has never used this product.
Get paid to hodl? Would be nice if this removed some volatility in the alt market.Sam Borin has never used this product.
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=copyLester Tiro has used this product for one day.