Many crypto investors store their digital assets on exchanges or in cold storage for long-term safekeeping. However, this strategy doesn’t help them grow their investment holdings or build overall wealth. The Tokenize Crypto Earn Account enables individuals and insitutions that own crypto assets to earn interest in crypto on their crypto held at Tokenize Xchange. Signing up for an account takes less than 2 minutes and clients can start earning interest in Bitcoin, other altcoins as well as stablecoins!
How to Earn Interest on Crypto?
The blockchain industry is in growth mode. Businesses are building and investors are looking for ways to accumulate more capital. Tokenize Crypto Earn clients can deposit their cryptocurrencies and earn up to 10% APR. Paid out at the beginning of every month, the interest earned is calculated using simple interest. This is an easy way for crypto investors to earn cryptocurrencies while they HODL.
With 6% APR (simple interest):
User who deposits 1 BTC in the Crypto Earn platform on 1/5/2020 will be able to receive interest of 0.005 BTC on 1/6/2020 and will be able to withdraw on 2/6/2020.
User who deposits 1 BTC in the Crypto Earn platform on 12/5/2020 will be able to receive interest of 0.005 BTC on 1/6/2020, 0.005 BTC on 1/7/2020 and will be able to withdraw on 2/7/2020.
What Does Tokenize Do with Account Assets?
Tokenize generates interest on assets held in Interest Accounts by lending them to trusted institutional and corporate borrowers. To ensure performance, Tokenize typically lends crypto on over collateralized terms (similar to the structure of crypto-swap). Furthermore, Tokenize's automated risk management system monitors positions 24/7, leveraging the same trusted risk management system used with Crypto Swap. Tokenize has the ability to terminate borrowing in a timely fashion and also manages reserve balances to facilitate client withdrawals from Earn Accounts.
Tokenize client funds are structured to be at the top of the capital stack, senior to Tokenize equity and Tokenize employee capital. This means Tokenize's business and client incentives are aligned and Tokenize would take a loss before any client would. Tokenize implements very thoughtful risk management practices and technology to mitigate the risk, but you should not view the Tokenize Crypto Earn as a savings account or brokerage account with insurance.
Tokenize Crypto Earn Account Terms and Conditions
Tokenize Crypto Earn Account is available to clients worldwide, with a few exceptions. For example, Tokenize Crypto Earn is not available to clients located in the United States of America, sanctioned or watch list countries.
The Tokenize Crypto Earn does require a minimum deposit balance to be eligible to earn interest. Withdrawals are often pushed-through same-day, but Tokenize reserves up to 7 days to process a client fund withdrawal. These guidelines will change and improve as the Interest Account product grows and client feedback is received.
Sign Up for a Tokenize Interest Account
Signing up for a Tokenize Crypto Earn is almost immediate if you are Tokenize Users. Visit https://tokenize.exchange/register to begin. Once you input your contact information, you’ll be asked to go through Tokenize's KYC process to complete the exchange trading account. After that’s completed, you are able to click on Crypto Earn to participate.
Once you login to the account, navigate to the Earn Interest tab. There, you will be able to view the available crypto deposit types and to participate.
If you have any questions about the Tokenize Crypto Earn or Crypto Swap, feel free to reach out to our team at https://tokenizexchange.zendesk.com/hc/en-gb/requests/new. We love hearing from you.