Digital asset investing company B21 announced the launch of its staking program in the B21 Invest app. According to the official announcement, by staking their tokens, the app users will be entitled to get free crypto linked International credit cards. In addition to that, the users can enjoy reduced transaction fees. Very soon, the App will also bring a free USD account to its users. Interestingly, the account will be from a licensed bank facilitating instant deposits and withdrawals.
The B21 app simplifies the investment, earning, and spending of cryptocurrencies. Furthermore, it provides novice and professional crypto users a safe, secure, and regulated solution. Along with that, the app also comes with easy deposit options like local payment methods, bank transfers, and credit/debit cards. Interestingly, staking is not the only way to enjoy benefits on the app. The team also notified us that soon, the users will be able to earn weekly interest on their portfolio balance with a “Simple tap”.
B21 Staking and Rewards
The staking model seems pretty comprehensive. That’s because it has been built to help users stake the entire portfolio in one go. Along with the staking model, the team has also come up with an incentive model that rewards users and reduces the circulating supply as the network grows.
Higher Staking, Premium services
The users can get access to premium services with higher staking. Based on the number of tokens staked, VIP levels have been defined. In order to become eligible for a certain VIP level, the user must stake the required number of tokens and lock them for 12 months.
|Staking Levels||Number of staked coins||Services|
|Standard||0||Buy/Sell assets, earn referral and deposit rewards. More services|
|VIP Level 1||300||Reduced trade fees|
|VIP Level 2||2,100||Reduced trade fees, withdrawal to B21 card, Free B21 Teal card|
|VIP Level 3||5,000||Reduced trade fees, withdrawal to B21 card, Free Teal, and Gold card.|
|VIP Level 4||10,000||Reduced trade fees, withdrawal to B21 card, Free Teal, Gold card, and Black card.|
The VIP Level 4 will soon bring users an opportunity to enjoy a free FV bank account, instant funding, and withdrawal to the FV bank account.
According to Nitin Agarwal, Founder of B21 Invest, the project is trying to build a platform where all asset classes on earth are available for investment. Furthermore, the team is building step by step. Along with crypto, the team is also working on bringing other asset classes like Mutual Fund, global share, and more to the app.
In the last 7 days, the B21 token price has surged by over 57%. At the time of press, the token is trading close to $0.0579.