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27-10-2021 | Technology

BlockBank will launch its DeFi application, which will allow users to interact with an AI-powered "Robo Advisor."

BlockBank, the platform that is disrupting mobile banking by integrating it with decentralised finance (DeFi) and artificial intelligence (AI) technologies, will debut its all-encompassing financial app in Q4 of 2021.

BlockBank's new mobile and online app will merge the best of traditional banking and DeFi worlds in a secure, private, and user-friendly area, with the goal of increasing worldwide access to DeFi and increasing users' financial empowerment.

The Robo Advisor, a cutting-edge AI-powered resource for individuals as they enter the crypto market, and a new tiered staking rewards system that allows users to earn up to 20% APY are two big updates to the BlockBank app.

BlockBank intends to provide everyone with the tools and resources they need to confidently enter the burgeoning crypto market, without being held back by constraints such as a lack of institutional expertise or a lack of research time.

With the launch of its application, BlockBank's AI Robo Advisor will now act as a guide for users of all levels, from beginner to market expert, as they embark on their DeFi journeys.

The capabilities and features of the Robo Advisor will evolve throughout time. As the BlockBank platform's technology learns and improves with each individual user, the adviser unlocks the opportunity for a personalised experience on the platform. Individual habits and risk profiles will be learned over time, and innumerable data sets will be processed into actionable insights.

Notably, the adviser will drastically reduce the amount of time users must spend on market research by providing users with the facts and resources they need to make quick and informed judgments. BlockBank's AI technology will eventually serve as a full-fledged advisor, executing user-approved automated order management and execution, portfolio creation and management, and more.

BlockBank, on the other hand, did not stop there. Its app will have a new tiered staking rewards structure that will let users to get the most out of their tokens while also earning passive revenue. Everyone, from Tier 1 to VIP, can earn high APY on staked crypto tokens (such BTC and most ERC 20 tokens) and BlockBank's native utility token, $BBANK:

  • Tier 1 (1+ BBANK staked): 2 percent APY on staked tokens / 2percent APY on staked BBANK tokens
  • Tier 2 (5,000+ BBANK staked): 4 percent APY on staked tokens / 6 percent APY on staked BBANK tokens
  • Tier 3 (25,000+ BBANK staked): 6 percent APY on staked tokens / 9 percent APY on staked BBANK tokens
  • Tier 4 (100,000+ BBANK staked): 8 percent APY on staked tokens / 12 percent APY on staked BBANK tokens
  • VIP Tier (500,000+ BBANK staked): 10 percent APY on staked tokens / 20 percent APY on staked BBANK tokens

The application also incorporates game-changing features such as a broad set of decentralised applications (dApps) and the ability to buy gold and silver with cryptocurrency.

BlockBank's application will be available for download on both the Apple and Android Play stores. For additional information, go to https://blockbank.ai/.

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