Withdrawals, Deposits and In-App Staking with up to 25% APY
We have a double whammy of announcements today. Baanx is ecstatic to announce that BXX deposits and withdrawals are now available to anyone using the Baanx App. As well as this amazing news we have added the Staking feature to our app.
About Baanx
Before going into the details of the changes and additions let us tell you a bit about us at Baanx. Baanx is an ambitous fintech company working to develop a platform that bridges the worlds of fiat currency and digital assets that delivers lower costs, more flexibility, and a seamless customer experience. We work with global digital asset brands to provide the technology infrastructure they need to deliver a secure and smooth digital asset-friendly service. This includes global remittance, secured lending, and high saving rates for staking digital assets. Plus, we have built the ability to spend digital assets via physical and virtual debit cards.
Since the release of our Baanx App, we have been working hard to equip our loyal customers with the best tools to control their digital assets. You can keep your assets organised in your digital wallet and you can create one wallet per currency to manage your funds. You can manage a range of digital assets including XRP, BCH, BTC, LTC and ETH.
Baanx offers secured lending against digital assets powered by the BXX token. Baanx has created an ecosystem delivering interest-free and low cost secured lending for users that stake BXX, the utility coin of the platform. We have already successfully burned 1 billion tokens and the total amount of available tokens is now 250 million.
Deposits and withdrawals via the Baanx App
With the Baanx app, you now can make withdrawals and deposits: providing you with the opportunity to control your digital assets on the go. Plus, you can now deposit, withdraw, and stake the BXX token directly from the Baanx App. Remember about high Ethereum network fees for withdrawals.
Stake BXX directly from the Baanx App
As stated in our roadmap we have now launched the staking feature, here is all you need to know:
We have redefined percentages of APY for the total BXX staked for 3 months and related duration lockup periods:
- 3 months — 5% APY
- 6 months — 7% APY
- 9 months — 10% APY
- 12 months — 25% APY
Staking is a good way to make more from your digital assets, don’t let your wallets collect dust when you can be earning rewards.
Minimum staking amount (per deal): 500 BXX tokens.
Make sure you’ve updated to the latest app versions Android 3.0.0 and iOS 3.0.9 respectively.
Learn more about Baanx, BXX, and join the conversation
Check out the Baanx App on either Apple or Android. You can buy, sell and transfer digital assets right from your smartphone. The Baanx ecosystem is powered by our BXX token. Find out more information on how you can get involved in the links below:
Come join the conversation and be a part of the community.
