In the first part of the review we got acquainted with TokenUnion, a platform that allows you to create multi-currency wallets that are protected from intruders and can bring profit to the owner by one's existence.
Well, we sorted it out and it's very good . Now, let's take a closer look at the capabilities of the platform and make sure that it is better than any bank.
Honest rewards
And so, from the first part of the review, you already know that the bank can reward you for investing money in deposit accounts. Rather, you already knew about this, but now you have become more familiar with the principle itself. But is everything fair and transparent here? Let's compare the remuneration in TokenUnion with any of the banks, and you will make your own conclusions!
And so, the bank receives a reward from the loans, and afterwards, shares with you a certain part. That is, if your money was transferred on credit 8 times, then the bank, according to the calculation we took in the first part, received 80% of the annual profit only from your body deposit. How much did he give you? That's right, 20%. But, in fact, your money can be transferred to 20, and 50, and even 800 times. It turns out that the bank can receive up to 8000% annual profit, but you still get your 20%. Is this fair? You decide.
Now let's look at the system of rewards in TokenUnion, how it develops and what it depends on. When a user contributes a certain amount of tokens to his personal account, he pays a small commission. For the time that his tokens are on the platform account, he gets a certain reward in the currency that is stored in the purse, and it can be more, and maybe less (now you'll understand why).
However, over time, the user may need coins that are on the account in TokenUnion and he will want to make a full or partial output. For the fact that he withdraws funds, you must also pay a commission.
Now about how the reward is formed. Since TokenUnion is a fully decentralized organization, profit is also shared among all participants. That is, the entire amount of commissions is periodically consolidated, counted, and divided among TokenUnion users as they contribute to the platform. It turns out that if the platform will experience successful times, then you will get a part of this success, and not be satisfied with the constant-interest that is provided for by the deposit agreement.
Bancor helps to convert
This project is one of the leading leaders in the exchange of crypto currency, and it became a partner of the TokenUnion platform (as you see, one Forbes all was not done). By integrating with Bancor, the platform can afford any custom conversion.
But what is much more important is reward in the currency that is kept in the wallet. As we already told you a little higher - the user receives bonuses precisely in the currency that is in his property. It would seem, how is it possible, not to integrate all the crypto-currencies into one storage?
But if your partner is the world's largest exchange of crypto currency, which provides its services cheaper than everyone, you do not have to think long over such a problem. After all the commissions are collected, the system calculates how many and what tokens it needs to comply with under the terms of the remuneration contract. After that, she exchanges her UNI tokens, in which the project paid, and transfers the received coins to the recipients.
How much did you earn? Look in the app
... which was specially designed for this purpose. The team implements its product in the form of an application that will display up-to-date information about how much the user paid for a specific period of time and in general. Also, it will allow you to exchange coins and buy new ones in order to get even more in the future.
This concludes our little review on the TokenUnion platform. We hope that it will give impetus to the development of banking of a new generation - just as Forbes predicts. Therefore, we hope that they will succeed in the future and wish the team good luck!
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