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Waiting to use this saving account. too bad we have to wait for at least 1 more month
Pros:
Love the concept, and they will be first to market, huge potential
Cons:
more clarity on how the tokens will be used
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Congrats as you have found a very interesting behavioral game based on blockchain. I don't know if the best fit for this is traditional savings accounts (it sounds a bit weird, but not bad). Anyway, it is a very interesting financial experiment and I think you will find more applications for this development.
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How do the depositors ensure they are not Mt. Goxed?
@n_events@eralpbayraktar Hey, it's actually non custodial. The value is stored in a smart contract and only you (the person who deploys it) are able to access it. We have no ability to access people's money.
@n_events@eralpbayraktar@shayneshaynesha now that's something I did not know. Should definitely be emphasized and proven in many ways (for non-tech savers/investors as well) as there is a lot of "hurt" people from earlier MtGoxed instances or just read about it.
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.
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
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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.
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.
Waiting to use this saving account. too bad we have to wait for at least 1 more month
Pros:Love the concept, and they will be first to market, huge potential
Cons:more clarity on how the tokens will be used
Game of Coins
Polymarket
Polymarket
BRDIVIU
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.
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
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.
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.
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