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Home DeFi

BankersDream: Announces A New Approach to DeFi-Based Passive-Income Generation

admincrypto by admincrypto
February 8, 2022
in DeFi
BankersDream: Announces A New Approach to DeFi-Based Passive-Income Generation
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BankersDream is the project of four German-based bankers.

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February 7, 2022 —

BankersDream is a new DeFi project aiming to implement asset collection into the realm of cryptocurrency through the creation of three asset categories. BankersDream’s utilization of an asset collection that strives for passive rewards for those invested is a unique approach that sets it apart from myriad other tokens. Furthermore, the passive generation of funds creates a vibrant ecosystem built upon an asset that catalyzes investor’s interest in holding tokens long term.

Functions of BankersDream

BankersDream is the first step in the genesis of three different asset categories. In short, the function of the token is not a new concept in the realm of DeFi; however, BankersDream shifts the investor’s focus to the reflections function of the token to spotlight the importance of the reflections function within a smart contract.

BankersDream provides rewards to holders in the form of PEG BUSD. Investors will receive these rewards for simply holding the token in their wallet through reflections. Reflections are generated through transactional tax that every purchase and sell undergoes. Reflections are rewarded automatically every sixty (60) minutes and do not need to be claimed: they are sent to holder’s wallets automatically.

Realizing the sole use of reflections would not extract the full potential of passive asset generation for holders, BankersDream implemented a community idea to further incentivize investing: BankersWhale. BankersWhale employs one and a half (1.5) percent of the marketing tax to create a community investment fund. This investment fund has two (2) purposes:

1) Seventy-five (75) percent of the community-fund yield will be distributed to BankersDream holders. Distribution methods will follow the same practice observed in the distribution of reflections;

2) twenty-five (25) percent of the community-fund yield will be retained for financing the development…

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