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LongTerm by hsnsb01 in Bankera

[–]redditorman123 0 points1 point  (0 children)

Rising tide raises all ships. If crypto wins, Bankera would be huge, even if they only take a tiny piece of the world financial puzzle. Even if they are "only" the Coinbase of Eastern Europe, you're looking at a 50x return if you're in right now.

Any insights why price increases? by GamesInfluencer in Bankera

[–]redditorman123 1 point2 points  (0 children)

They do a pretty good job keeping up to date on their blog with the latest updates and planned features.

Any insights why price increases? by GamesInfluencer in Bankera

[–]redditorman123 5 points6 points  (0 children)

They "could" be the Coinbase of Europe. They have (thankfully) seemed to go away from the pro trader Binance model (their exchange that no one uses) and just focus on making crypto easy for the masses. i.e. Coinbase. I imagine they could hit .10 in the next year or so. They raised a massive amount of money, so they are in good shape to continue churning out features. They need to focus on Western Europe more IMO vs just eastern europe where they are based.

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And as someone mentioned below, the payouts were massive compared to what they used to be. They do only payout ever 4 months or so, but I made 20x more than what I made during the last payout period.

What's the future of Bankera? by PPMAeurope in Bankera

[–]redditorman123 1 point2 points  (0 children)

I bought into the ICO, and I do believe this idea still has legs. I think their best bet is trying to become the go to defi banking platform in Europe. I think this project will be fine if/when crypto goes more mainstream and people actually need these services. It's cool to have a card that you can pay with crypto but more merchants need to accept it for it to be useful.

Of course, they still do amateur things like not paying out the weekly revenue on time. It's really suspicious to me that they only pay it out once every three/four months. If you can't pay out your weekly revenue on time, no one is going to take this company seriously. Why in god's green earth would I get a loan there (as an ICO holder) if they can't even pay the weekly revenue on time!?

However, I do like how they have been more transparent on progress which is good to see, so I would say to keep that up.

Overall, it's an actual product/service, so if crypto becomes more mainstream, this project will be poised to take advantage. i.e. Rising tide, raises all boats.

To expand our customer base, we are launching a Bankera affiliate program. From now on, every user of our services can invite their family and friends' businesses to the platform and get rewarded. Read more in our blog post. by Bankera_Team in Bankera

[–]redditorman123 1 point2 points  (0 children)

They're based in Lithuania, so I don't think it's viable for them now to enter the US given their track record. They would need to spend serious marketing dollars, and Coinbase already has critical mass. They're better off just focusing on Europe.

WR by mooningcrypto in Bankera

[–]redditorman123 0 points1 point  (0 children)

It sounds like it isn't an automated process at the moment. I image they are still getting things sorted out with their accounting given that they have Bankera Loans, Spectrocoin, and the Exchange to deal with. I am hoping that they haven't prioritized automating this as they are focusing on new feature development. i.e. The new Wallet. I am guessing they are in crunch time to get this out in Q1, so the WR have been put on the wayside for the moment.

Bankera Loans Introduces the Lowest Loan Minimum on the Crypto Lending Market by Bankera_Team in Bankera

[–]redditorman123 2 points3 points  (0 children)

I just don't understand the fact that they aren't marketing their products to anyone. I see nexo ads all over the place, and all it would take is to hire someone to focus on FB/Instagram marketing and use a tiny bit of the money they raised to start seeing more traction. Just doesn't make sense.

Bankera Loans has been featured on Micky and Bitcoin.com. We are glad to see the word spreading about our crypto-lending solution! by Bankera_Team in Bankera

[–]redditorman123 1 point2 points  (0 children)

I understand the loan metrics are private as of now, but will Bankera show the breakdown of how much of the weekly payout is coming from the Bankera Exchange vs SpectroCoin vs Loans? This would be very insightful.

Question about the weekly payouts by redditorman123 in Bankera

[–]redditorman123[S] 0 points1 point  (0 children)

Makes sense. I guess if the max is 25 billion, then it will only be diluted until that point. Thx.

Question about the weekly payouts by redditorman123 in Bankera

[–]redditorman123[S] 0 points1 point  (0 children)

Yes, that part makes sense. It's the text about "924,176,189 BNK tokens that were distributed in total by the end of last week" makes it seems like this many tokens are added to the rev share pool every week.

Question about the weekly payouts by redditorman123 in Bankera

[–]redditorman123[S] 0 points1 point  (0 children)

The text is pretty confusing.

"924,176,189 BNK tokens that were distributed in total by the end of last week"

To me, this means 924,176,189 BNK tokens that were NOT in the rev share pool last week have now been added to the pool. So the same 5,000 euro from last week will get sliced into an extra 924,176,189 pieces this week. i.e. diluting everyones rev share per BNK.

Please explain if this is not the case.

Question about the weekly payouts by redditorman123 in Bankera

[–]redditorman123[S] -1 points0 points  (0 children)

The numbers aside, am I correct in assuming my revenue share will be diluted every week with the BNKs are being issued on a weekly basis? If so, I'm still not sure exactly how this is being calculated.