Space Capital is thrilled to announce that we are partnering with BlockBank, an exciting AI-powered mobile banking app, that allows for seamless crypto integration.
BlockBank has been hitting the crypto and DeFi scene hard, creating a buzz on nearly every IDO forum. It’s not hard to see why, as the app already has over 25,000 users and $103,000,000 Total Value Locked (TVL.) BlockBank is forging ahead of its competition because it is converging DeFi (decentralized finance) and CeFi (centralized finance) banking while adding in a layer of AI technology.
BlockBank’s mission is to simplify their customers’ experience while offering financial empowerment. And if that doesn’t sound like a WIN/WIN, we don’t know what does.
How BlockBank’s AI Advisor works
Blockbank’s AI assistant is like having your own savvy financial advisory committee at your disposal 24 hours a day. Except, it is handed to you in the form of an in-app AI service that gives you trading advice when you need it.
The advisor works in conjunction with all the features of the app in real-time, boosting the overall effectiveness in users’ gains, while also protecting against unnecessary losses. In turn, this opens up a clear pathway to leveling the playing field between retail and traditional investors.
BlockBank’s AI assistant offers users financial analysis unparalleled within the crypto industry. It boasts several exciting features from risk mitigation to social intelligence & analytics, smart contract auditing and batched transactions.
To top it all off, the company behind the AI tech, Skael, has granted exclusive rights to BlockBank to bring its AI advisor to crypto.
Banking logistics to ease your mind
When a banking license is granted to a financial company, that means it meets all the full legal standards of banking entities. Furthermore, when a financial institution of any kind is overseeing your funds, the fact that they are in compliance with regulations demonstrates that they adhere to the rules and codes of conduct for financial institutions.
In BlockBank’s case, since they have already acquired full licensing before their IDO, they don’t run the risk of putting themselves in a risky legal position down the road. This is good news for their token holders, as this means that BlockBank’s $BBANK token is far less likely to encounter a drop in value.
BlockBank is also in negotiations with several banks to pave the way for an optimistic expansion in the near-future.
There is no doubt that banks offer an invaluable service to the everyday user. From debit and credit cards to bank accounts, to an overall portal for fiat currency, banks are an essential aspect of customer convenience.
BlockBank is also in the process of obtaining their own licenses, which, in turn will allow them to provide lower fees and add extra use cases for $BBANK tokens.
$BBANK Token Upcoming TGE
Riding on the coattails of their private sale, BlockBank is preparing for its Token Generation Event (TGE) which is currently scheduled for Wednesday, April 28, 2021 at 11am UTC.
The $BBANK token gives users access to premium features, higher APYs and in-app offers. Let’s take a look at some of the several attractive features BANK includes:
With their TGE scheduled, the growth potential for BlockBank is immeasurable. At Space Capital we search for projects which have the potential to blend seamlessly with our core principles. BlockBank inspires us with their innovative AI digital banking experience, which is the backbone of their equally advanced digital financial platform. We highly anticipate watching this project evolve in the near future as it onboards a whole new wave of users.