The BlockSwap Network aims to bring fixed income products to DeFi through its sustainable yield farming and Proof of Stake assets. Up until now finding stable DeFi yield farms has been notoriously difficult and largely inaccessible to the everyday user, which is why BlockSwap has come up with a protocol that insulates users from crypto asset volatility and eliminates the need to engage with complex staking processes. What is BlockSwap Network (BSN) | What is BlockSwap Network token | What is BSN token
In this article, we'll discuss information about the BlockSwap Network project and BSN token
BlockSwap Network, an automated stake liquidity protocol. The BlockSwap protocol aims to bring fixed income products to DeFi through its sustainable yield farming and Proof of Stake assets.
The BlockSwap Network aims to bring fixed income products to DeFi through its sustainable yield farming and Proof of Stake assets. Up until now finding stable DeFi yield farms has been notoriously difficult and largely inaccessible to the everyday user, which is why BlockSwap has come up with a protocol that insulates users from crypto asset volatility and eliminates the need to engage with complex staking processes.
The funds will allow the BlockSwap Network to continue to scale and improve its sustainable profit offering through the Proof of Stake benefits. This solution attracts attention from the broader crypto community because it is impossible to find stable DeFi yield farm.
Furthermore, BlockSwap Network will launch a CommunityNet which is recommended for token distribution before BSN mainnet launch.
Ongoing development will allow the BlockSwap Network to encourage more current staking operators and PoS token holders to explore these stable DeFi yield farming opportunities.
BlockSwap has revealed its revolutionary product, Stakehouse. The product uses a significantly differentiated approach to fix almost every problem facing the ETH2 staker.
Saver is a fully on-chain and non-custodial USD denominated Savings Account with 7% APY direct from FIAT or Crypto Assets.
Saver Dollar is a trust-less, seizure resistant crypto dollar with a native yield purposed towards onboarding everyday users to DeFi.
Saver Dollar minting is permissionless for anyone, from anywhere 24/7 on an internet connection.
Saver Dollar has no external oracle dependency; it's a ground-up new design maintaining a USD unit of account natively.
A unique AMM for staked PoS asset DeFi liquidity, fully autonomous and on-chain. StakeHouse will enable PoS networks stakers a liquid cash flow.
Open Saver is a Fixed Income protocol suite that powers stable savings rates for everyday DeFi users on various crypto assets. It is similar to money markets, but with a distinction, the rates are fixed, non-speculative, and entirely backed by an Algorithmic PoS Bond Index .
Get your token
CommunityNet token will give full access to exclusive BSN beta-net products and incentives.
Play to Earn
Multiple gamified beta net products will be at different stages; the user can earn additional tokens by simply participating in them.
Apart from beta-net products, token holders have the option to earn additional tokens from being DEX LP and completing community activities.
Swap it 1:1
CommunityNet tokens will be converted (1:1) on mainnet launch with no lockup; token holders will have full rights on network governance and protocol stake fee earnings.
BlockSwap Network, an automated stake liquidity protocol, has recently announced a private investment round totalling $2.5 million. The private placement investment round included NGCm, Wave Financial, and Blocksync Ventures. The funding will be used to allow the network to continue to continue the development of BlockSwap’s fixed income products.
BlockSwap recently announced that they would soon be releasing their ETH2 CommunityNet, launching a 5 month long incentivized CommunityNet that would distribute 250,000,000 tokens, which will be redeemable 1:1 on the mainnet. As part of the launch of a Community Mining incentive scheme, users will be able to use the BSN CommunityNet token to access their demo products and receive rewards for participation.
The redistribution of wealth in a fair and open manner is the main mission that BlockSwap is trying to achieve through their solutions. By providing alternative savings systems, the company hopes to provide a financial fallback for everyday users.
CEO and Founder of Dynamic Fintech Group (DFG), James Wo commented on the role of BlockSwap in the DeFi sector:
"At DFG we are convinced that DeFi will be a major driving force for the whole digital assets space. BlockSwap is an important reference of this promising sector, with its innovative services as a PoS asset manager due to its decentralized operations and inclusive entry requirements for all types of investors, making it possible to offer services to a larger market than any traditional bank has been able to enter to this date."
Where can I get CommunityNet token?
BSN CommunityNet tokens distribution and participation details will be released in the next few days; it will be available on DeFi DEX's after that.
What can I do with BSN CommunityNet token?
BSN CommunityNet token will have exclusive access to BSN beta products for earning incentives, including liquidity provisions and governance rights.
How Saver USD deposit works ?
Saver deposits are fully collateralized by a PoS Bond Index managed by smart contracts and redeemable 24/7.
What assets are supported by Open Saver?
Open Saver will have Saver USD and ETH2 based saving markets initially, more assets will be added as we go.
How does StakeHouse work?
StakeHouse is a unique AMM for staked asset liquidity using two token mechanics for liquidity abstraction and trading it on DeFi. A detailed article is coming out shortly.
Ticker: BSN Token type: ERC20
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
After the deposit is confirmed you may then purchase BSN from the exchange: .............
Storage wallet, we use Metamask wallet.
If you don't have a Metamask wallet, read this article and follow the steps ☞What is Metamask wallet | How to Create a wallet and Use
There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once BSN gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com ☞ https://www.bittrex.com ☞ https://www.poloniex.com ☞ https://www.bitfinex.com ☞ https://www.huobi.com ☞ https://www.mxc.ai ☞ https://www.probit.com ☞ https://www.gate.io ☞ https://www.coinbase.com
Find more information BSN
🔺DISCLAIMER: The Information in the post is my OPINION and not financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
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