PRESS RELEASE. BlockBank, the platform disrupting mobile banking by blending it with decentralized finance (DeFi) and Artificial Intelligence (AI) technology, is officially launching its all-encompassing financial application in Q4 of 2021. On a mission to grow worldwide accessibility to DeFi and build users’ financial empowerment, BlockBank’s new mobile and online app will combine the best of the traditional finance and DeFi worlds in a secure, private, and user-friendly space. Two major developments on the BlockBank app are the Robo Advisor, a cutting-edge AI-powered resource for individuals as they enter the crypto market, and a revamped tiered staking rewards system that enables users to earn up to 20% APY.
BlockBank aims to ensure that everyone has the tools and resources to confidently enter the exciting crypto market without feeling held back by barriers like a lack of institutional knowledge or limited time for research. And now, with the launch of its application, BlockBank’s AI Robo Advisor will serve as a guide for users of all levels, from beginner to market expert, as they embark on their DeFi journeys.
The Robo Advisor’s capabilities and functionalities will develop on a rolling basis. Starting as an educational resource, the advisor unlocks the ability for a tailored experience on the BlockBank platform as its technology learns and grows with each individual user. Over time, it will learn individual habits and risk profiles, and process countless data sets into actionable insights.
Notably, the advisor will drastically reduce the amount of time users need to spend on market research by providing the data and resources to make decisions in a quick and educated manner. Looking ahead, BlockBank’s AI technology will fill a fully-fledged advisory role that will enact user-approved automated order management and execution, portfolio creation and management, and more.
But BlockBank didn’t stop there. Its application will offer a new tiered staking rewards system to help users make the most of their tokens and earn passive income. Ranging from Tier 1 to VIP, everyone has the opportunity to earn high APY on staked crypto tokens (like BTC and most ERC 20 tokens) and BlockBank’s natvie utility token, $BBANK:
Tier 1 (1+ BBANK staked): 2% APY on staked tokens / 2% APY on staked BBANK tokens
Tier 2 (5,000+ BBANK staked): 4% APY on staked tokens / 6% APY on staked BBANK tokens
Tier 3 (25,000+ BBANK staked): 6% APY on staked tokens / 9% APY on staked BBANK tokens
Tier 4 (100,000+ BBANK staked): 8% APY on staked tokens / 12% APY on staked BBANK tokens
VIP Tier (500,000+ BBANK staked): 10% APY on staked tokens / 20% APY on staked BBANK tokens
The application also includes game-changing features like a diverse suite of decentralized applications (dApps) and gold and silver purchases with crypto.
BlockBank’s application will be available for download in both the Apple and Android Play store. For more information, visit https://blockbank.ai/.
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