The Use Case For BNKR Continues
The introduction of Bankroll Farm has seen the mining of BNKR increase extremely fast and at the time of writing 18 million of the 21 million tokens have already been mined. Although mining difficulty does increase, it appears that all BNKR will be mined within weeks. Last time I checked, approximately 250K were being mined per day! Many within the community have voiced concern as to what will happen to BNKR once all the tokens have been mined and farming contracts are retired.
The Official Bankroll Network Twitter account recently tweeted that the next group of contracts are complete and that BNKR will be essential in contract execution.
This advancement continues to provide a use case for the BNKR token and considering that all tokens will have been mined, one can expect a significant amount of buy pressure. This is a typical example of supply and demand and should bring a substantial increase to the token price, provided the new contracts are able to impress.
The price of BNKR has retraced somewhat and appears to be in a new phase of accumulation. BNKR is currently trading at approximately 10 TRX after reaching as high as 29 TRX recently.
The current farming contracts have recently been audited by Solidity Finance and given a clean bill of health. Yields continue to be very profitable and farmers who entered the contracts early on are already smiling! Let's hope that the new phase of contracts will not disappoint.
This is not financial advice and engaging with Bankroll contracts does incur risk, so make sure you are familiar with all the risks involved.