AMA with iBNB at Asia Blockchain Community on 2 November 2021

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AMA with iBNB at Asia Blockchain Community on 2 November 2021

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The Asia Blockchain Community, a brand operated under Blockcast.cc will be hosting an AMA session with iBNB on 2 November 2021, 8.00 pm Singapore time (GMT +8) on its Telegram channel, https://t.me/Blockcastcommunity.

iBNB is on a mission to revolutionise decentralised finance. Utilizing knowledge and experience from pure fundamental finance, we innovate our ecosystem with DeFi protocols based on sound financial methodologies.

At its core, iBNB is a daily dividend token that pays out collectable dividends in BNB. Compared to other reward tokens or payout tokens, iBNB is the only utility token that offers sustainable, stable, and consistent dividends with fruitful ROI. This is achievable due to a 3 fundamental reasons: 1) the nBNB network, 2) the iBNB Bank, and 3) the iBNB Grand smart-contract.

The nBNB Network is a network of projects and partnerships that form a united alliance of unique, value adding utility. A project on the nBNB network can either be a project built by the iBNB team, or by a partner that wants to join the network. Each partner that wants to join the nBNB network must satisfy a set of minimum requirements and criteria in order to proceed through the first stage of the onboarding process. Teams must be doxxed, project plans must be feasible and realistic, and the community must vote the project as “OK to join the network”. If any of the previously mentioned are not satisfied, the project will not be considered for partnership and will not be joining the network. Each project on the network flows transaction fees to the iBNB Bank, which in turn flows BNBs to the iBNB dividend pools as payouts to our investors.

The iBNB Bank is the first deventralised investment bank which serves to make smart investments using classical and DeFi financial protocols. The iBNB Bank is an evolutionary smart-contract meaning it continuously upgrades and does not have a token tied to it. That way the iBNB Bank can uphold the highest standards of innovation in DeFi and provide iBNB investors with superior returns as profits are distributed to the iBNB dividend pools.

The iBNB Grand smart-contract forms a daily dividend token with the following mechanics as highlights:

1) the Dynamic Transaction Protocol is the first transaction mechanism to dynamically adapt transaction fees (also called tax percentages) according to the state of the market and the health of the token. When liquidity is healthy (determined by the liquidity to market capitalisation ratio) 10% of transactions are sent as cash-flows to the dividend pools and 0% is sent to liquidity. When liquidity needs revitalizing (under 10% of market capitalisation), more percentages of the 10% go to liquidity and a balance is made between transaction fees to liquidity and dividends in support of healthy liquidity. For example: if liquidity is at 9% of total market capitalisation, 1% of all transactions go to liquidity and 9% goes straight to dividends. The DTP system dynamically adjusts the percentages to assure that liquidity is always healthy and that trading can always be done smoothly. The current iteration is DTP-3 to read more about it, visit our whitepaper: whitepaper.ibnb.finance

2) iBNB Grand innovates dividend pools (also called reward pools) with advanced systems that stabilize dividend payouts for consistency and longevity. Using formulas to allocate BNB supply in the dividend pool and the reserve pool, the dividend pools assure that the same amount of dividends can be paid out for longer period of time. That way investors can plan out their financial forecasts as opposed to being volatile on a day to day basis like all other rewards/payout tokens.

3) In harmony with the smart-contract, the iBNB website (ibnb.finance) facilitates investors with a dashboard that empowers investors with smart investment tools. Grand Cost Averaging is a smart investment tool that allows investors to plan out their investments by splitting a total amount of investment (for example 48 BNB) and automatically investing on a per hour/per day/per week basis. This allows the investor to make wise decisions and remove the emotional factor from the investment process. Soon we will furthermore allow direct Visa/Mastercard to iBNB payments and have an nBNB Debit Card on the roadmap for 2023.

“iBNB is a winner amongst DeFi projects that unfortunately misunderstand finance for what it is. It is our purpose to support our investors with the knowledge and tools to make their way to financial independence. We are passionate about what we do, and it is our mission and our promise to revolutionise decentralised finance.” Ramy Al Sharif, CEO of iBNB.

The Asia Blockchain Community (ABC) is a community based and run by volunteers in Asia. ABC understands the market well and is supported by a panel of blockchain and crypto experts and influencers. The community has hosted more than 50 projects in recent months.

More information on the project can be found at https://ibnb.finance/.

Disclaimer:

Blockcast.cc does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision.