What is BankX?
BankX Puts The Power Of Bank In YOUR Hands.
BankX transforms the legacy banking system by putting the individual (you) in control of creating currency AND earning interest off it. NOT the central banks.
It is the first cryptocurrency stablecoin where:
BankX has decentralized every aspect of the banking system where you create any amount of passive income you like.
A Few Terms You Need To Know.
Stablecoin – A stablecoin is a digital currency that is meant to be stable.
Minting – Minting is the creation of cryptocurrency on the blockchain
Peg – The peg is the underlying asset the stablecoin tracks. Usually it is 1 USD. BankX is the first to peg its stablecoin to 1 gram of silver (more on this later).
Staking – Staking is locking up your coins in the protocol for a certain amount of time and earning interest off it, similar to a CD in a regular bank.
BankX Is A 2 Token System.
The Stablecoin – BankX Silver Dollar referred to as “XSD“
The Utility token – referred to as “BankX token“
Each of these do different things which will be explained in more detail shortly.
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