The World's First Ethereum-based Savings Account
TokenBnk is a decentralized application that automatically rewards you for holding Ether or ERC20 tokens.
A better way
Fully autonomous reward distribution.
In order to withdraw, users must pay a predetermined withdrawal fee in our native token, TBK. When summoned, a smart contract programmatically distributes the fee amongst all network participants as a reward, proportional to the percentage of the Total Network Value (TNV) they constitute.
Completely decentralized. Entirely trustless.
The TokenBnk protocol does not rely on a central authority to function. It operates entirely on its own, based on predetermined conditionals written into the code. It will function as intended for as long as the Ethereum blockchain exists.
Users deposit tokens into their Savings Contract and earn rewards in the denomination of the same tokens they hold, just like interest in a bank. Set it and forget it.
Get rewarded in the same tokens you hold.
The rewards a user receives automatically get exchanged to the same tokens they hold in their Savings Contract. For example, if you receive 1,000 TBK as a reward and hold 50% Ether and 50% OmiseGo, 500 TBK worth of Ether and 500 TBK worth of OmiseGo will be deposited back into your Savings Contract, thereby increasing your underlying position size.
How it works.
A look into TokenBnk's trustless,
yield bearing vault for cryptoassets.
User creates a Savings Contract via the TokenBnk web interface and sends Ether or ERC20 tokens to it.
To withdraw, user acquires and sends TBK tokens to their TokenBnk Savings Contract. Once sent, user receives their stored cryptoassets back into their wallet, and the fee is sent to the Reward DAO.
TBK tokens expended in the withdrawal fee are received by the Reward DAO (Decentralized Autonomous Organization) and then distributed proportionally amongst all TokenBnk users.
TBK tokens are immediately exchangeable into all TokenBnk-supported cryptoassets via decentralized exchange solutions like Bancor or centralized services like Shapeshift.io.
View your Savings Contract and your portfolio's growth in real time through the TokenBnk web app and mobile app.
Trust us. We've
done this before.
Our team has built dozens of products, hails from Stanford, Princeton, Columbia, Carnegie Mellon, NYU, and has worked at Amazon, JP Morgan, Coindesk and AngelList.
Shayne Coplan is a New York City based cryptocurrency entrepreneur who has been in the industry for 5 years. Starting in 2013, he began mining Litecoin and buying Bitcoin, quickly discovering the ease of use of cryptocurrencies. As an active member of the crypto community, Shayne discovered the Ethereum project in early 2014 and went on to participate in the Ether presale in July of 2014 with the investment thesis that if the blockchain was ever going to be adopted for the use cases people speculated it would, something like this would need to exist. From then on Shayne had a financial incentive to support Ethereum’s progress. 2 years later, he moved to San Francisco for the summer to intern at Chronicled, one of the first venture-funded Ethereum startups. At Chronicled he was immersed amongst a team of blockchain-obsessed tinkerers, and it was there where his eyes were opened to the vast possibilities of decentralized applications. After, he began attending NYU as a computer science major. Half way through Shayne’s second semester at NYU, the price of Ether began its mega bull run. Shayne recognized that the time to build was now and, fortunately, the price rise had given him the financial stability necessary to live on his own, so he left school to pursue blockchain projects full time. Shortly after, he began working on TokenBnk.
Jack Kim studied Product Design and Computer Science at Stanford before taking a leave of absence to pursue his own ventures in New York. He manages all creative direction at TokenBnk including design, branding, marketing, and creatives. He runs Ember Labs, a product studio dedicated to building and launching new consumer products and businesses. He's passionate about creating new products and brands, and has launched a handful of products that have collectively been featured in 300+ publications worldwide.
Mark Barrasso is an avid computer programmer with a background in creating user-centric designs and applications. He was initially exposed to cryptocurrencies when he began making apps and websites in return for bitcoin early on in his career. Now, Mark is a prolific dapp builder who is focused on smart contract security, data integrity, and privacy for all users. Mark’s main purpose is to make security priority number one. Combining his enterprise-grade cybersecurity experience and his relentless entrepreneurial spirit, Mark brings a well-rounded skillset to the TokenBnk team. Mark also really like dogs, hot tea, and racing cars on track.
Samuel Mlodozoniec is a native New Yorker who is heavily influenced by his artistic upbringing. Samuel's approach is inspired by Bucky Fuller's definition of the Comprehensive Designer. Samuel builds projects from the ground up - taking them from idea, through design, into implementation, maintenance and promotion. Over a five year span, he has worked on and developed applications for iPhone, Web, & Amazon Echo in verticals including Game Design, Active Aging, E-commerce, and Marketing & Social Networking. Most recently he has been working on building dApps using Truffle, Web3, and Solidity.
Brandon Latteri is a senior at Rutgers University studying Economics. After discovering cryptocurrencies in high school, he has been staying up to date with the current legislation and social aspects of the crypto world with a passion. He obtained extensive marketing experience as a political campaign intern in his home state of New Jersey, during which he met with Senators and Congressmen to discuss upcoming healthcare legislation. As an advocate for a global bone marrow registry, he has planned and managed dozens of events while encouraging college students to donate. He plans to apply the marketing techniques he learned during his stint in the political world to promote new projects in the blockchain space.
Yash Patel is a senior undergrad from Princeton, who studied math, computer science, and machine learning. He got his start in development some time ago, having now interned at Amazon and being awarded 'Best Use of Machine Learning' at HackPrinceton. In exploring his interests in blockchain, Yash has done theoretical research on the subject matter and delved deep into learning back-end Solidity development for Ethereum.
Originally from Naples, Florida, Ryan moved to NYC to attend NYU where he received a BA in Psychology while studying pre-professional medicine. He spent the next few years conducting research and coordinating educational conferences. While working on a Master’s degree in finance he started a small tactical-trading fund that used algorithmic trading to profit from divergences in volatility in similarly-priced indices. He became interested in crypto after watch BTC go from $12 to nearly $1000 and knew that the future had in store great potential for these digital currencies. Having been writing code since elementary school, he was able to get back into coding rather quickly following his departure from the fund manager role and focused mainly on Solidity for the EVM. He enjoys writing new code and sharpening his DevOps skills in addition to auditing existing code for projects such as DomRaider for example. Maintaining working knowledge of the latest changes as well as any new exposed security flaws in Solidity are part of his daily routine. His attention to detail and push for quality are two of the many ways he ensures any project with his involvement is a shining example of where the bar should be set.
Alfonso Rodriguez is a cryptocurrency enthusiast with experience in the music industry and trading and is currently a junior at New York University’s Stern School of Business. After being involved in the trading community for several years, being featured in Business Insider’s 20 under 20 in Finance and launching his first startup, Alfonso discovered blockchain technology and the world of cryptocurrencies. His first major encounter with cryptocurrencies aside from Bitcoin was Monero, a privacy focused cryptocurrency, back in 2015. He was left amazed by the number of problems that blockchain technology can solve in society and the potential impact this would have in the future. Later on, he delved more into Ethereum based tokens such as Civic, 0x and Chain Link. Now, Alfonso aims to foster a great community around TokenBnk, the world’s first Ethereum-based savings account, and help bring this project to the masses.
Eric Traub is a Front End Developer from New York City. Originally from Connecticut, Eric moved to NYC to attend Columbia University where he received a BA in Economics. While at Columbia, Eric was a competitive swimmer and was elected captain of the Men's Swimming & Diving Team his senior year. After graduating, Eric attended Fullstack Academy of code and began his career as a software engineer. Eric has extensive experience building full stack web applications from the ground up. He also teaches algorithms and data structures online and has two best selling courses on Udemy.com. After getting involved in the world of cryptocurrencies in 2016, Eric created a trading algorithm that rebalances a user’s holdings on Poloniex on a daily basis.
Sean Park is a front-developer and UI/UX designer studying Information Systems and Human-Computer Interaction at Carnegie Mellon University. As a junior, he has completed 10+ software projects across the stack-- anywhere from UX research and design to back-end development and database design. This past summer, he worked as a Design Engineer at MAYA BCG where he played an important role in 6 client projects. You can find more of his work at https://seanpark.xyz
Don't just take our word for it. We're backed by these great advisors.
Jaron Lukasiewicz is the co-founder of WRKFLOW and advisor to several blockchain companies, including Ambrosus, SONM and Hosho Group. Previously he worked at JP Morgan as an investment banker, and then went on to become founder and CEO of Coinsetter, a New York City-based digital currency exchange built to support active traders and Wall Street institutions. Investors in Coinsetter included Blockchain Capital, Digital Currency Group, Roger Ver, and Vinny Lingham. Coinsetter was acquired by Kraken FX in 2016 in what was, at the time, the largest acquisition of a company in the Bitcoin space.
Pieter Gorsira is a serial entrepreneur, full stack engineer, and active investor in the blockchain space. Previously, he founded and served as CEO of Lawnmower, a market research and trading platform focused on digital assets. Lawnmower was acquired by CoinDesk in 2017. Pieter has been developing software professionally for over a decade, building products at firms like Amazon and JPMorgan. He has taken top prize at some of the world's largest hackathons, including Money2020 (2x) and Salesforce.
Get ready for takeoff.
TokenBnk is opening its first token sale of TBK soon.
Check back to find out when it launches.
Get in touch.
Feel free to email us at [email protected] or write us directly using the contact form below.
We try to answer all inquiries within the hour.