How Brank.io; With the right push can survive any bear market!
As of late we have all seen the bleeding of the markets ranging from crypto to stocks. The market downturn can be attributed to a few things, but one common theme amongst them is the fact that these assets live in a speculative market. Speculative markets can be extremely volatile when considering all of the outside influences ranging from Traditional Media calling for FUD(Fear of Dump), Traditional Bankers and Investors being bullish in leu of buying the dip; then there is also the Geo Political influences and the whole rampant inflation hurting your daily investors.
Utility tokens may dabble in the speculative market however true utility tokens prosper off platform usage. Now I know a-lot of groups out there claim their token is a ‘Utility’ and that’s just due to the gray area into what constitutes a true utility token. Sorry but if there is no direct way to use the token on the platform its not a utility; utility tokens are like Pokémon cards. Intended for one things but could have a third party market
Now lets look at the Brank token and its Ecosystem and how it can withstand a bear market.
Firstly lets get into what is Brank, Brank is a simulated trading platform with utility driven features;
- Tournaments:
- Free: These are for you to play and get the hang of things; or challenge your friends in a risk free environment for bragging rights.
Paid: Play for Rewards, Trade against others for a chance to make it on the podium and win a share of the rewards pool - Academy:
- Our exclusive team members take time to break down technical analysis; understanding the different tools used to chart, and how to make predictions based on patterns.
Brank Academy Live sessions are Monday and Friday; They cover an array of topics from basic technical analysis to more advanced charting skills. - 1 on 1 sessions . These sessions have a cost and require Brank tokens for payment.
As Brank continues to make additions to the platform the utility range of the BRANK token will expand.
So how does Brank stand a chance in a bear market? Easy, Brank’s utility token BRANK is used to enter paid tournaments (yes there is a prize if you place on the podium.
(up to top 13 % of players receive payouts)
What does this mean? It means that if you place in 1st place your winnings can hit 8x (This was seen in a tournament with only 33 people in it)
With this in mind, BRANK’s token price will constantly rise and fall as more and more people participate in these tournaments. This does leave room for speculative pricing but its control of the market is hindered.
How does Brank tournaments compare to other platforms?
Most platforms such as Binance, KuCoin, and even PancakeSwap have their own version of trading tournaments; However there are some inhibiters on these platforms.
- Most of these platforms require you to have a few Thousand if not TEN THOUSAND dollars to enter, making these HIGH RISK and HIGH REWARD.
- They all inhibit your trading capacity by only allowing certain pairs, in some way with using LIVE funds. These tournaments are boosting the volume of these tokens exponentially.
From Pancakeswap : (Only trades on DAR/BNB, CAKE/BNB, and CAKE/BUSD pairs will be included in volume calculations)
Binance only has “Future’s” based tournaments.
Brank allows for a low risk High reward as the entry fee is in perspective of token value, as the token value goes up the entry fee based tournaments will have more and more buy in options to accommodate all users.
Lastly, Brank has another feature that allows it to overcome a bleeding market, and that is its play to earn mechanics.
Brank now rewards you for participating in any form or fashion on the platform. From making trades to inviting your friends into paid tournaments to just spending your own time trading on Brank. Every interaction on Brank is paired with a reward value, this reward is given out with the Brank Rewards Token (BRT). The BRT token can be earned by Logging in, Making Trades, Winning Tournaments, Inviting active people. BRT liquidity is provided mainly by Brank as a group through collected fee’s from BRANK related interactions. As more people use BRANK and participate on Brank, the more BRANK’s value will increase as will the liquidity pool for BRT.
Please join us at Brank.io to learn more! Also Joing us on telegram @https://t.me/Brank.io
