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The Easiest Way For A Beginner To Earn.

The Easiest Way For A Beginner To Earn.

Looking for a quick and easy way to profit in the BankX system?

Option 1. LOOPING multiplies your earnings

You can multiply your returns by using the stablecoin you just minted to buy more collateral to mint more stablecoin (which earns even more interest).

Mint XSD --> Buy more crypto --> Mint more XSD --> Earn More Interest.

Do this as many times as you like. With BankX, this process is automated on the website.

How does this work?

  1. Go to the dashboard.
  2. Click on LOOPING in the menu.
  3. Enter the amount you would like to mint.
  4. Once the process is complete, you will have collateral that you can 'loop' again. Simply click on Looping again.
  5. Do this as many times as you like.

Things that can slow down looping: Gas fees, price slippage, not enough liquidity and XSD not at the price it should be. See the "Intermedatiate: LOOPING!!!" section in BankX university.

Option 2. Buy BankX & Stake It In A CD.

How does this work?

The BankX CD is a traditional bank CD but designed for the highest yield.

  1. Go to the dashboard.
  2. Purchase “BankX tokens”
  3. Click “Certificate of deposit”.
  4. Select how long you’d like to stake (you will see the interest generated).
  5. Click “Stake”.

That’s it!

How Much Will I Earn In The CD?

Base Rate – You generate 5% interest in BankX tokens no matter how long you decide to stake.
Longer Pays Better – A 20% bonus per year in interest earned for staking longer. The Longer Pays Better bonus percentage changes based on the inflation numbers of the system. If the BankX token is inflationary after a period of time, it increases the LPB by 5% until it reaches 40% per per Longer Pays Better.
Amount Bonus – This is a sliding scale that gives you up to an additional 10% bonus for staking larger amounts.
Summary:

  • 5% - base interest rate
  • 20-40% - Longer Pays Better yearly bonus depending on the inflation numbers of the system
  • Amount Bonus - Up to 10% bonus depending on amount staked

When You Are Done Staking, You Will Receive Your Original Amount + Interest In The Form Of BankX Tokens.

You can then sell the BankX token, mint XSD, LOOP, re-stake in the CD, or anything you like to do.

What if I have to unstake early?

Early withdrawal from the Certificate of Deposit will incur a penalty.