Get Rewarded for Holding Crypto.
TokenBnk is a decentralized application that automatically rewards you for holding Ether or ERC20 tokens.
A better way
Fully autonomous reward distribution.
Upon storing tokens in their Holding Contract, the user agrees to pay a static fee of TBK, our native token, when they wish to withdraw. When a user pays the fee, 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 and provably fair.
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 send tokens into their Holding Contract and earn rewards in the denomination of the same tokens they hold, similar to 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 Holding Contract. For example, if you receive 1,000 TBK as a reward and hold 60% BAT and 40% OMG, 600 TBK worth of BAT and 400 TBK worth of OMG will be deposited back into your Holding Contract, thereby increasing your underlying position size.
How it works.
A look into how TokenBnk works
under the hood.
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 Holding Contract 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, University of California, Carnegie Mellon, NYU, and has worked at Amazon, Goldman Sachs, Earn.com, 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.
Lead Solidity Developer
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.
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.
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.
Co-Creator of Ethereum
Steven is a blockchain pioneer with involvement in top projects including: Ethereum, Lisk, Bancor, tZERO, ZenCash, ZCash, Ripio, Aion and Storm. Steven is also the Chairman of the publicly listed company Global Blockchain Technologies (OTCMKTS:BLKCF) (TSXV:BLOC). Steven’s innovative work as the legal architect of Ethereum’s record setting token sale continues to be the basic structure used throughout the world today. Steven innovated the concept of “utility”, specifically using the concept of “gas” or “fuel” for legal purposes. Steven continues to be instrumental in defining the industry standards.
Jeff Pulver is an American Internet entrepreneur known for his work as founder and chief executive of pulver.com and co-founder of Free World Dialup, Vonage, MoNage and Zula (app). Pulver has been called a Voice over Internet Protocol pioneer, and has written extensively on VoIP telephony, and the need to develop an alternative to government regulation of its applications layer.
Cofounder of CryptoOracle
Lou Kerner is a Founding Partner of CryptoOracle, a VC and Advisory firm focused exclusively on companies leveraging blockchain, cryptocurrency, smart contracts and decentralization. Lou has been a Crypto enthusiast, investor, and thought leader since 2013, and is recognized as one of the most influential Crypto bloggers. Lou regularly hosts conference calls with Crypto industry innovators attended by hundreds of crypto enthusiasts from around the world. Lou was previously a Partner at the decentralized VC, Flight, where he managed The Israel Founders Syndicate, which invested in tech companies founded by Israelis. Prior to Flight VC, Lou was the Managing Partner of The Social Internet Fund, which invested in shares of rapidly growing tech companies. Before SIF, Lou was an angel investor, best known for investing in Facebook and writing the first Wall Street style research report on the company in 2010. Before angel investing, Lou ran Bolt (the largest social network before MySpace), and .tv, which commercialized the top level domain (.tv) licensed from the nation of Tuvalu. Lou had a distinguished career as an equity analyst following media & tech companies for Goldman Sachs & Merrill Lynch. Lou has a B.A. from U.C.L.A. and an MBA from The Stanford Graduate School of Business.
Cofounder of CryptoOracle
James Haft has 30 years experience in emerging markets and early-stage finance in tech. Since 2015, James has focussed on the political, social and economic impact of blockchain and cryptocurrencies, including advising 7 ICOs and co-founding ClimateCoin. He has been advisor to over 50 Internet and Venture-backed entities, mentored at 500 Startups and TechStars, co-founded NXTPLabs.com, the leading accelerator in Latin America for Internet-related companies, founded Pacific Alliance Limited, LLC, an NY-based merchant bank focussed on Internet-related businesses, and founded an early-stage VC fund. Previously, James was the M.D. of Latin American Equity Capital Markets at INGBarings, founder and M.D. of Emerging Markets Investment Banking at Furman Selz, and M.D. of Asian Investment Banking in Hong Kong for Bear Stearns, where he was responsible for the first listing of a Chinese company on the NYSE. WeForest.org. Mr. Haft received an A.B. from Vassar College and a J.D./MBA from Emory University. James is co-Founder and board member emeritus to UrbanArts.org and Chairman of USA of WeForest.org.
Founder and CEO of Lawnmower (Acq. CoinDesk)
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.
Founder and CEO of Token Daily
Ben is a cryptocurrency enthusiast and community management expert. Ben is one of the most active and popular users on Product Hunt, where he grew and engaged the community tremendously before getting acquired by AngelList. He is now the founder and CEO of Token Daily, a cryptocurrency news website that aims to be the front page of the crypto community.
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