BankEth Finance Overview
Hold token earn Ethereum?…….You heard it right through this one of a kind DeFi platform.
Hold BankEth, Earn ETH
The Banketh protocol is a community inspired DeFi experiment built on Ethereum. The primary objective of Banketh is to earn as much Eth as possible in the Banketh Vault. One of its technological strategies to achieve this is through connecting users to existing Ethereum DeFi products using our dApp as a bridge.
In the future to offer interest earning DeFi options to Banketh holders by leveraging established lending platforms — to earn more on their Ether reflected into the Vault.
The Banketh accumulates 10% of all transactions and puts them into the Banketh Vault. The user and holder of Banketh tokens can connect their wallet to the dashboard Vault dApp and see what portion of reflections their wallet is entitled to. The share of the tokens in the vault dashboard is proportional to the amount of Banketh tokens a user is holding.
Holders of Banketh with entitlements to Eth reflected in the Vault can claim their Ethereum at any time. The user need only interact with the dashboard and claim, and their Eth will appear in their connected wallet. Users have the unique opportunity to use their Eth in the Banketh Vault to re-invest into acquiring more Banketh tokens at a 10% discount if they wish to do so.
BankEth Partners
Recently, BankEth has been partners with Munch Project to support its Charity Circle, an entity that is focus on charitable works. BankEth donated $10k USD to Charity Water.
HOW TO BUY BankETH Token?
- Download & setup MetaMask or TrustWallet
Download MetaMask (a crypto wallet in form of a browser extension) or TrustWallet (an app for your phone). Make sure you are connected to Ethereum MainNet. - Buy and send Ether to MetaMask
Buy Ether on an exchange (i.e. Binance, Kraken, Coinbase etc.). Transfer the Ether to your MetaMask wallet address. Ethereum addresses start with a “0x”. - Head on to UniSwap and swap for $BankEthClick here to head on over to UniSwap or use this address to select BankEth. Set the slippage tolerance to 12% (sometimes it may be a bit more, depending on how much demand there is)
- View $BankEth and HODL
Swap Ether for BankEth. Now you need to add BankEth to your MetaMask or Trust Wallet to view your $BankEth
ABOUT BankEth
The Banketh Protocol is a community inspired DeFi experiment built on Ethereum.
RESOURCES
Website | Twitter | Medium
REMINDER
“We deliver the news article base on our own thorough research. We want to preserved some important information regarding with the project that are presented in our column. We value our reader’s opinion and we thank you for your valued respect to us. We also don’t advice our readers to invest. As we always say ” Invest at your own risk and only invest what you can afford to lose”.
