[ANN] [BNK] Bank of Bits - New Altcoin (Bounty Campaign)

[Bankofbits]

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

[Coin_trader]

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?

[Bankofbits]

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.

[Coin_trader]

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.

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?

[Bankofbits]

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.


 

[ottogary]

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.

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.

[auroboros]

I want to Reserve indonesian translation for ANN and Whitepaper

[Bankofbits]

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.

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

Anyone who has BNK in their wallet will earn the % on the BNK balance they hold.

More information about this will be released in the white paper.

[Coin_trader]

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.


 

yeah, it is a nice way of making your coin viable and usable and it did not need for a desktop wallet to earn from staking.

[Watanabe1505]

I would like to reserve Vietnamese translation for the project.
Send me a PM if im accepted.

[Bankofbits]

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.


 

yeah, it is a nice way of making your coin viable and usable and it did not need for a desktop wallet to earn from staking.

There are as much people who like to hold coins as well as trade so i have made this system so it works for both.

[Bankofbits]

More information will be released in the next week or two.

We have a slack up and running if you wish to discuss anything.


Thanks

BNK Team

[bustedsynx]

More information will be released in the next week or two.

We have a slack up and running if you wish to discuss anything.


Thanks

BNK Team

 I like to discuss who are you first.

[Bankofbits]

I am a Forex and Crypto currency trader who wants to make trading both crypto and forex easier for everyone.

I would like to remain anonymous at this stage.

[susila_bai]

I am a Forex and Crypto currency trader who wants to make trading both crypto and forex easier for everyone.

I would like to remain anonymous at this stage.

What ever trader you are but until you dont disclose your identity how do you think that investors will try to invest in your project. Your project is that what ever investment you will get that you will use it in forex and crypto currency trading and if their is any loss who is going to bear it.

I think this project is fully confused and their are lot more clarification needed before it can kick off.

[Bankofbits]

I am a Forex and Crypto currency trader who wants to make trading both crypto and forex easier for everyone.

I would like to remain anonymous at this stage.

What ever trader you are but until you dont disclose your identity how do you think that investors will try to invest in your project. Your project is that what ever investment you will get that you will use it in forex and crypto currency trading and if their is any loss who is going to bear it.

I think this project is fully confused and their are lot more clarification needed before it can kick off.

This is not the case the investment i get will go into developing BNK further. None of the investments received will be traded by myself or any of the BNK team. There will be more information released in the up and coming weeks to clarify any uncertainties

[Sam123]

1) Escrow is a must
2) Need to see some code
3) Need to see Team's identity

[klarki]

You are going to ICO campaign?

[Bankofbits]

We are currently working on required aspects of the project at the moment. The idea of this thread was to raise awareness.

There will be an ICO Campaign in the near future. All required information is being organised and will be released within 2 weeks


Thanks

BNK Team

[tehMoonwalker]

1) Escrow is a must
2) Need to see some code
3) Need to see Team's identity

this or even better use the wings platform