How's it goin everyone
Today lets talk about Brank.io
Brank.io is a simulated trading platform with hands on live classroom like sessions where community leaders introduce and show new crypto traders how to read and interpret all things Technical Analysis , free and paid tournaments. Think draft kings of crypto; competitive trading tournaments where you win based on your ability alone to be a good trader. Brank gets its data for charts from Binance and is working on a dex data pull for tournaments as well.
Brank's ecosystem is becoming more robust as time goes on. Brank currently has 2 native tokens; the BRANK token and the Brank Rewards Token (BRT).
The BRANK token has a total supply of only 12 million with tokenomics for Liquidity, Holders, and Dev wallet at 1% each. The BRANK token is used as currency to enter on platform tournaments where it pays out up to the top 13% of competitors based on portfolio growth or goal of the tournament(tournaments can change structure/objective; such as who can empty their portfolio the most within the span of the tournament) As on platform usage increases naturally so will the Brank tokens volume. For every tournament 80% of the buy in is placed into the rewards pool. The other 20% is used for Referral Rewards(if someone you refer plays/places in a pay to enter tournament you earn BRANK), Exclusive NFT holders(can be bought on opensea's) Platform Fee's, and dev/marketing.
With the BRANK token being used as the main form of interaction on the Brank platform token volume could climb or fall during a tournament making your rewards larger or smaller then anticipated due to the BRANK tokens value changing. In a hypothetical scenario; if you have a payout of 150 BRANK tokens to 1st place in a tournament, if the value of BRANK changes a dollar over the span of the tournament, well you get the idea.
The second token is the BRT or Brank Rewards Token.
This is a FREE token that can be earned by on platform interactions such as logging in, joining tournaments or Academy sessions, making trades on BRANK or referring people. Every interaction on Brank earns you BRT. The introduction of BRT makes Brank a Play to Earn platform. Brank as a entity controls the flow of these tokens with a BURN/MINT function with the goal to keep a constant pool for rewards; Burn plans have not been released yet.
Now lets talk about how to earn from BRANK.io
The easiest way to earn on Brank; Tournaments. Ex: below. Entry fee 100 tokens, First place is walking out with 1.5x. Rewards scale with the amount of people in the tournament. Quickly Watch this HERE
Other ways to earn with Brank is the referral system. Whenever someone you introduce Buys into a tournament you receive your referral commissions.
The last way to earn with Brank is by Holding Brank. The BRANK token is traded on pancakeswap; the easiest way to earn using the BRANK token is buy buying it. Buy low Sell high, as platform volume picks up so will the movement in the BRANK tokens price. The best way to capitalize on this is Buying Brank token and adding to the liquidity pool. This method works both for the BRT and BRANK token. This is to not only capitalize on the increasing price of the tokens but buy earning LP rewards as well from Pancakeswap. The aim for holding Liquidity tokens is to gain token value and capitalize on the market fees gained.
In the Ideal world with Brank having thousands of users actively trading and playing in competitive tournaments creates a ever increasing in value ecosystem.
Brank is also working on partnerships as a data tool provider to other crypto related groups to help bolster Brank and its userbase.
Brank telegram: https://t.me/brankio
Brank Website: https://brank.io
DexTools : https://www.dextools.io/app/bsc/pair-explorer/0x0aa9200dd39d67289d137e3d657eabb14d0b4b0e
NFT Collection: https://opensea.io/collection/brank-001-exclusive
