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x Mastercard: A new era of Finance for blockbank unveiled 🚀

New Tier System & Referral Program

Introducing our new Tier System and Referral program which is set to begin on April 15 & will be joined by another interesting Update.

Tier 1: Starter

  • 0+ USD worth of $BBANK locked* in app
  • Up to 1% APY on BBANK, and up to 1% APY on other assets

Referrals:
Refer a friend and you both get $5 in rewards**

Tier 2: Explorer

  • 2,500 USD worth of $BBANK locked* in app
  • Up to 2% APY on BBANK , and up to 2% APY on other assets

Referrals:
Refer a friend and you both get $25 in rewards**

Tier 3: Growth

  • 15,000 USD worth of $BBANK locked* in app
  • Up to 4% APY on BBANK, and up to 3% APY on other assets

Referrals:
Refer a friend and you both get $50 in rewards**

VIP: Private Wealth

  • 50,000 USD worth of $BBANK locked* in app
  • Up to 8% on BBANK, and up to 5% APY on other assets
  • Additionally, up to 10% in BBANK on other assets

Referrals:
Refer a friend and you both get $50 in rewards**

Tier System Change FAQs:

  • *What is the eligibility criteria for the Referral Program Rewards?
    The Referrer and Referee must Buy and Lock* a minimum of $25 in BBANK to be eligible for the Referral Program and its rewards.
  • When can I lock under the current tier** system?
    Users can lock their assets in the Earn Program, under the current tier*** system, until April 15th, 00:00 UTC and valid for the duration of the lock*.
  • What happens to assets that are locked after April 15th, 00:00 UTC??
    Any assets locked* after April 15th, 00:00 UTC, will be subject to the new tier system.
  • What is the minimum lock period for the Earn Program?
    All the assets locked under the Earn Program are subject to a 184-day lock period.

Terms and Conditions
*All the assets locked under the Earn Program are subject to a 184-day lock period.
**All referral rewards will be locked in-app for a period of 30 days from the date of disbursal.
The Referrer and Referee must buy $25 worth of BBANK in the App and Lock $25 worth of BBANK under the Earn Program to be eligible for the Referral Rewards.

***Users that lock in the current tier system before April 15th, 00:00 UTC will receive the following for the duration of the lock:

Tier 1:

  • 250 USD worth of $BBANK
  • 2% $BBANK — 2% APY on assets

Tier 2:

  • 2,500 USD worth of $BBANK
  • 3% $BBANK — 3% APY on assets

Tier 3:

  • 10,000 USD worth of $BBANK
  • 5% $BBANK — 4% APY on assets

blockbank VIP Tier:

  • 50,000 USD worth of $BBANK
  • 10% $BBANK — 10% APY on assets (VIP Tier will receive an additional 10% in $BBANK on other eligible assets)

Feel free to contact our Support Team if you have any general inquiries, and we’ll be happy to assist you! ⚡️

Start earning on blockbank app in just a few taps. It’s simple, smart, secure, and comes with no high limits. Our goal has always been to ensure our users are comfortable using our application.

 

Author: The blockbank team
Article Posted in: Announcements
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