What is Bancor (BNT)? How to earn crypto
Bancor offers crypto traders automated market maker functionality. It’s a well-established mechanism to guarantee liquidity at every price level for users who want to exchange tokens without having to rely on centralized exchanges.
However, decentralized exchanges suffer from issues like high price slippage due to low volume. This is especially true for infrequently traded trading pairs. To solve this problem, Bancor uses the popular x * y = k pricing algorithm.
The Bancor project incentivizes users to lock their tokens into liquidity pools by offering them a share of the fees paid by users interacting with Bancor’s automated market maker. Their goal is to make niche crypto assets more liquid and help the project reach higher adoption.
BNT savings account: Why earn interest on crypto with YouHodler
YouHodler provides a variety of ways to profit from digital assets and with crypto savings accounts, users can unlock high yield, low-risk investment tools. Here are a few reasons to earn interest in crypto with YouHodler:
- Earn crypto with 3.04% High-yield savings accounts: Earn 3.04% interest per year on YouHodler. This is exceptionally higher than any “high-yield” traditional bank savings accounts and other investments. YouHodler offers its clients unlimited flexibility, allowing users to easily deposit and withdraw funds anytime, anywhere.
- Guaranteed asset security: All crypto funds on YouHodler are secured with industry-best practices when it comes to storage. Funds are never stored 100% in hot wallets. Instead, we use a mixture of hot and cold wallet storage to ensure maximum protection of users’ funds. Read more details about YouHodler trust and security features here.
- Crypto interest paid out weekly without any fees: At the end of each weekly settlement period, the whole earn amount of crypto interest is deposited into the users’ savings account deposit. Users can choose to release it from the savings account and withdraw or keep the funds in the account to earn more crypto interest in the next settlement period.
Explore other ways to earn interest on crypto with YouHodler
BNT is just one option to earn interest on crypto with YouHodler. Visit our Earn Interest page to see the wide variety of stablecoins, and cryptocurrencies to choose from. Earn interest in Bitcoin, Dogecoin, Ethereum, and much more. Earn crypto with a savings account and discover a more productive way to HODL.
Bancor saving wallet App that pays interest
YouHodler wallet app is the only application where you can store your Bancor (BNT) just like you would in a regular wallet but in addition, earn interest on that BNT wallet balance every week.
How does BNT interest work
You can earn interest on BNT just like you would with a traditional bank savings account but with one key difference. Instead of near to zero interest rates at banks, we offer you 3.04% interest on BNT.
How to Earn Free BNT
It’s easy! Just deposit BNT to your YouHodler wallet and you’ll earn free BNT every week.
How to Get Free BNT
Interest payments occur every seven days. So you’ll get your free BNT a week after your first deposit.
Cumulative Interest BNT
Yes, you have cumulative interest if you HODL BNT in the wallet. We calculate compound interest rates every week.
BNT APY & Yield
Compared to other platforms, we offer APY instead of APR. APR gives you interest payments without the compounding effect. Hence, with APY at YouHodler, you get more BNT at the end of the year due to this cumulative interest.
BNT Savings Calculator
Just use our BNT Savings Calculator to see what you will have in 3, 6, or 12 months of HODLing on YouHodler.