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
Share this article:

V3 Tutorial: How to Set Up 2FA on the blockbank app

Watch our video tutorial on how to set up 2FA on the blockbank app, or head over to YouTube and subscribe to our channel for news and […]

Women Invest, Cardano Summit & More

There is no better way to spend your weekend than investing time in sharing knowledge, introducing blockbank to new audiences & building communities. Founders of […]

Everything you need to know about our Pre-Paid Card Testing Program

Our pre-paid card testing program is one in which we provide pre-paid debit cards to a select group of loyal customers for testing purposes. The […]