Topic: [ANN] [BNK] Bank of Bits - New Altcoin (Bounty Campaign) - page 2. (Read 2267 times)

I want to Reserve indonesian translation for ANN and Whitepaper

Did this means, anyone that storing their crypto currency in BNK will get some BNK coins with the exchange value of the crypto curency according to the rate of the BNK?
Please explain, still confuse here.

Holding BNK will make you eligible for account interest but also BNK can be traded as a coin also.  The coin will serve 2 factors.

1. Can be bought and sold on the market.
2. Can be held long term to gain interest on the account

I believe this a fair way of making the coin viable and usable by traders and holders.


 

great, nice concept.
this might be the platform waited by the traders, we just need to acquired some BNK and we can generate some profits by just holding them? did my assesment serve me right?

The interest will be gained from the holding of the BNK Coin , The overall turnover of the exchange will be split into percentages and the higher BNK coins held the more % you will get from turnover. As most trading platforms not everyone is a winner so even if you was to lose you will still regain a % interest on the BNK you hold so essentially you are being given back losses without any trading needed.

in a traditional bank, a depositor earned some interests from his deposit because his money is being used by the bank into some ventures that gives bank some profits, in your platform, how the depositor earns some gains, where will you get that earnings be given to them?

Production of BNK which will be essentially be a bank with a trading platform and implemented withdrawal systems so you can have easier access to the BTC/USD Exchange rate without going through the likes of localbitcoins etc.

BNK - BNK will be the coin that will be in favour of all crypto currency traders as you can earn money without trading coin itself but by the royalties that come with it. The turnover of the webpage will be split into percentages then spread across wallets held with us. Essentially it would be like your traditional bank interest over amount held etc. (Percentages will be explained in whitepaper)

Trading platform - The platform will be implemented as crypto/forex trading so you can buy and sell as you would with any broker trading the market. Alternatively you can buy coins to your wallet as you would anywhere else. Fee's for trades would be minimal to give everyone the best trading opportunities possible.

Withdrawal - We are going to be working with various companies to implement a debit card system into the website and accounts section so it is easy to spend the balance in your account. The balance will require you to have either Bitcoin or BNK to be able to have access to real USD/GBP Or whatever currency you will need to use at the time. The fees for the usage of the card will be listed in the white paper.

This is an overview of what is going on right now and how my idea will work out. If anyone has any queries or just thinks my idea is terrible please feel free to post


Thanks

Join our slack

bankofbits.slack.com