Cryptocurated

TokenBnk

About TokenBnk

TokenBnk is a decentralized application that automatically rewards you for holding Ether or ERC20 tokens.

Users deposit tokens into their Savings Contract and earn rewards in the denomination of the same tokens they hold, just like interest in a bank. Set it and forget it. In order to withdraw, users must pay a predetermined withdrawal fee in our native token, TBK. When summoned, a smart contract programmatically distributes the fee amongst all network participants as a reward, proportional to the percentage of the Total Network Value (TNV) they constitute.

The rewards a user receives automatically get exchanged to the same tokens they hold in their Savings Contract. For example, if you receive 1,000 TBK as a reward and hold 50% Ether and 50% OmiseGo, 500 TBK worth of Ether and 500 TBK worth of OmiseGo will be deposited back into your Savings Contract, thereby increasing your underlying position size.

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