BNKRX Hits 1000 TRX
Recently the Bankroll Network launched their farming contracts that operate with paired value. What this means is, if you are farming with TRX, you will have to deposit the equivalent amount of BNKR into the contract. The value is paired and this is in fact what caused the price of BNKR to skyrocket recently. Farmers need BNKR to farm and so the demand was significantly higher than the supply on the market, causing a major surge in price. The farms continue to run smoothly and the total amount of mined BNKR is currently just over 19 million, suggesting that we are quite close to seeing the completion of all 21 million coins being mined.
Bankroll recently announced that Farms version 2 is on the horizon and that BNKR would indeed be required to interact with the contracts. This has also come with a new addition, BNKRX! This is Bankroll's new elastic reward token and has a limited supply of only 100K! BNKRX will also be needed for the second version of Farms and has already surged to 1000 TRX on TRONTRADE. Once farming commences and users rush to get their BNKRX, we will most likely see the BNKRX price skyrocket.
So, even though 1000 TRX does sound very expensive, it may actually be a fraction of what 1 BNKRX will cost once farming commences.
The Introduction Stockpile
Stockpile is the BNKRX solution to Stronghold. Stronghold rewards users with TRX for providing liquidity to the BNKR ecosystem. In the same way, Stockpile rewards users for providing liquidity to the BNKRX ecosystem.
The price of BNKR affects the price of Stronghold, just as the price of BNKRX affects the price of Stockpile. The only difference is that funds can never be removed from Stockpile. You will earn lifetime rewards but your initial deposit is locked up indefinitely. Stronghold, on the other hand does enable users to withdraw their funds locked up for liquidity.
It is still uncertain as to when the new farming contracts will be released but BNKRX is currently available on Bankroll and TRONTRADE. I am Interested to see where the OG BNKR price will be once the second farms are launched. The token has rallied 40% in the past 24 hours.
As always this is not investment advice or endorsement of the Bankroll Network, do your own research and have fun!