What is Bank Protocol?
Bank Protocol is a general layer 2 lending protocol worked for DeFi zeroed in on versatility, composability, and reception. It has been planned as an open network foundation to run on public organizations to encourage a start to finish loaning of digital assets and related financial products.
Bank protocol’s mission is to develop and deploy financial instruments that offer Micro-Lending of Digital Assets, Under collateralized Loans, Credit Assignments and Credit swaps. With billions worth of US dollars in hidden value distributed amongst alternative digital assets. We believe that supporters of so many of these projects deserve the opportunity to earn on their holdings and borrowed assets. The BKP token represents Governance, Protocol Incentivization and Staking rewards but more importantly, the opportunity to earn via network fees, liquidation events, loan payouts and more.
Private & Public sale
Bank Protocol announces its first private sale, once the amount of participants are reached the private sale will be launched. The private sale will start on December 15, 2020.
100,000 tokens will be sold for $ 1.7 each, accepted currency is Ethereum. (Minimum buy-in of 0.2 ETH and a maximum of 5 ETH)
Bank Protocol private sale will last 2 days or once all the tokens are sold. After the private sale follows the public sale which the date will be announced in the near future.
With the public sale, 300,000 tokens will be offered for a price of $ 2 each. The soft cap of the public sale is $ 255,000 and the hard cap is $ 770,000.
To look at the Token Metrics and how the raised funds will be distributed, click HERE
You can participate for the private sale by submitting your information on the website.
Token Utility
After purchasing Bank Protocol ($BKP) tokens via the sales, participants will be able to stake or provide liquidity to earn more BKP tokens. The DApp is currently being developed and will be audited soon. For those who don’t know what crypto staking is, we’ll be happy to refer you to Binance Academy. The BKP token also represents Governance and Protocol Incentivization but more importantly, the opportunity to earn via network fees, liquidation events (Liquidity Mining), loan payouts and more. At a later stage we have planned to develop our lending platform where users will be able to lend and borrow Digital assets to earn fees.
Token Distribution
Private Sale: 10%
Public Sale: 30%
Liquidity Mining/Staking Rewards: 25%
Uniswap listing: 20%
Team/Advisors: 15% (Fully locked for 3 months with Team.Finance)
Softcap: 255,000 USD
Hardcap: 770,000 USD
What is Team Finance?
The Team Finance platform is a decentralized application that allows blockchain projects to lock their ERC20 coins and LP Liquidity tokens in a non-custodial, time-released smart contract vault. To understand better how the team finance works you can take a look at their website team.finance
Quick overview
Token name: Bank Protocol
Token Symbol: BKP
Total Fixed Supply: 1,000,000 (No Minting)
Contract address: 0xe1b3ecdf26af3c631715b6a49a74470e306d455b
Audited by CERTIK
Media contact
Company: Bank Protocol
Contact: David Meyer
Email: [email protected]
Website: https://www.bankprotocol.net/
(Syndicated press content is neither written, edited or endorsed by ED Times)
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