In the financial app market, attention is often captured by promotions, used to grow quickly and attract customers.
Deblock is a French neobank created by former key figures of Revolut and Ledger. It combines an IBAN account with a self-custodial crypto wallet, and has launched a welcome campaign a few months ago that certainly attracts attention, let's see it together.
Welcome Promo: How does the €500 Bonus work?
The Bonus is structured as a reward system to incentivize the use of the platform.
You must first make a deposit of at least €1, complete at least one valid operation per day (for 7 days) of an amount equal to or greater than €1 (such as card payments, top-ups or crypto trading) and finally the bonus is paid out with a huge BUT!
The assignment of the bonus is based on the official probability system declared by the neobank: 90% probability of receiving €20, 9% - €50, 0.9% €200, 0.1% - €500.
In addition to the welcome bonus, users can also access the Ambassador program, which allows them to give away 1 month of Premium plan to invited friends, obtaining a share of the commissions generated.
Liquidity, Cashback and Crypto
In addition to the initial bonus, perhaps not too attractive for some, Deblock is based on 3 other mechanisms:
- Returns on liquidity with a gross rate of up to 4% per year, paid daily, releasable and withdrawable at any time (rate supported by Vault DeFi of over-collateralized loans and guaranteed by Deblock reserve funds).
- Cashback on Visa card spending up to 1%.
- Round-Up: You can decide to round up card payments by automatically converting the change into Bitcoin on your wallet (fee 1.99% on standard plan, 0.49% on Premium and 0% on Native).
The Plans: Standard, Premium and Native
The free Standard plan has no monthly costs, offers neither a return on liquidity nor cashback on a Visa card, crypto swap commissions are 1.99%, withdrawals up to €100/month are free and after that 1%, 1 virtual card
free cards and 1 free physical card (but you pay shipping)
The second plan is the Premium, it costs €14.99 per month or €120 per year, offers 4% return on liquidity, 1% cashback on card, 0.49% swap commissions, free withdrawals up to €1,000/month, virtual card and up to 3 free physical cards.
Finally, the Native plan has no monthly costs but requires NFT holding for at least 30 days and offers the same conditions as the premium with 0% swap commissions.
For transparency, these NFTs can be worth amounts varying from market conditions between €1,000 and €1,500 plus network fees at the time of the transaction.
Security, Custody and more
Cryptocurrencies deposited on the app are protected by private keys held directly by the user. Therefore, if Deblock had financial problems, the tokens in the wallet would remain on the blockchain under the direct control of the owner.
Furthermore, Deblock operates in compliance with all European licenses, including MiCA.
As for support, you can contact her via in-app chat and email support.
Thanx for reading, don't forget to like, follow and comment :)
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