Intermediate: Why Silver?

BankX Is The First Protocol That Pegs Its Stablecoin To Silver.

To PEG means to follow the value of an asset.

1 XSD (stablecoin) = the price of 1 gram of silver

Q: Why not 1 XSD = 1 USD like other stablecoins do?

A: While USD experiences inflation not seen in decades, and with the federal reserve having the ability to print dollars out of thin air, unbacked by anything, at any time they’d like, we feel silver presents a much better store of value.

Other reasons include:

a. You cannot create silver b. It is 9 times the supply of gold (harder to manipulate the price) c. It has many use cases (silver is used in tons of products) vs gold which typically just sits in vaults. d. It is not controlled by a central government. e. The US government is going after USD backed stablecoins to regulate them. BankX is pegged to silver and will be completely decentralized well before any government can do anything.

2 Coin System.

Where XSD is the stablecoin, BankX is the utility token.

A utility token is a token you use to DO something.

XSD is what you get WHEN you combine BankX with ETH/BNB.

All interest is paid in BankX tokens.

You can buy/sell BankX from the exchange just like any other coin.

Then, come to the BankX dashboard, deposit your BankX + ETH and get XSD.

How Much BankX + ETH (Collateral) Is Needed To Create XSD (Stablecoin)?

Each person determines how much XSD they’d like to create.

Your collateral must = 100% of the amount of XSD you want to create.

Ex. You want to create $100 of XSD

Combine $70 in ETH & $30 of BankX to get $100 of XSD

The system will determine how much of each you need.

The more faith in the system (more demand), the more BankX you can use.

It could be 50% ETH 50% bankX, or any other amount.

The BankX dashboard will tell you what the current rate is.

Good to know: With inflation expected to increase in the near future, silver represents a great store of value as it is a precious metal that cannot be created.