BankCrash Is a Huge Drop In The Bank's Stock Price, Not Its Collapse
INTRODUCTION
As a consequence of gaining this information, you will get an awareness of the manner in which we are making an influence in the field of cryptography, and you will comprehend the repercussions of these advancements as a direct result of gaining this expertise. Make sure you read everything in this article since it discusses everything from the basic premise of BankCrash to the specific methods that you may stake your money.
The primary objective of virtual currencies such as Bitcoin and Ethereum is to provide its users the opportunity to become financially independent of conventional banking institutions. This aim might be summarized as "financial independence." This objective may be reached by releasing users from the restrictions imposed on them by the centralized financial system that is presently in existence and providing them with the opportunity to become financially self-sufficient. This will be accomplished by providing them with the ability to operate their businesses independently of any of the traditional financial services that are now on the market. On the other hand, before the debut of NOW: NOW, there was not a single software that conducted a direct attack on the difficulties that are linked with banks. NOW: NOW is the first and only program to do so. This will be different starting today. NOW is the very first program of its kind, and its name comes from the acronym for "now." NOW is the program that got other initiatives of a similar kind off the ground and running in the right direction.
OVERVIEW OF THE PROJECT
The Idea: An Explanation of the Bank Crash:
That would be financial institutions, right? They are in possession of your money since you have entrusted them with it; nevertheless, it is unclear what they do with your money. It really is as easy as pressing PRINT, CRASHING, and REPEATING...
The traditional banking system comes under fire in the book "Bank Crash" for the many problems it presents. And make available to our community chances that are really one-of-a-kind so that they may profit from this progress. Using our cutting-edge staking system, which gives those who bet in advance of a bank failing a large yearly percentage payout, we are able to reward those individuals who bet on the demise of a bank. In addition to this, we are going to publish all of this information on a blockchain in order to make the system more decentralized and transparent.
The Oracle System: Assessing the Condition of Financial Institutions:
While it is our hope to one day establish a community-trusted Oracle that monitors the financial status of the world's top 500 banks, this is not yet a reality. Our backend is currently responsible for doing these tasks, which include monitoring for bank collapses and updating the blockchain.
An Explanation of the Meaning of the Term "Failed Financial Institution":
A "collapse" of a bank is referred to in the context of BankCrash as a major decrease in the stock price of that bank rather than the entire destruction of the institution. According to us, the aim has been accomplished when there has been a reduction of 95% from the highest point. A drop of this size indicates that there is a severe issue that has to be addressed. The vast majority of financial institutions will never be able to get back on their feet again after this event.
BankCrash's Primary Objectives and Long-Term Vision:
presenting a possibility to make money during times of financial crisis brought on by failing banks.
Creating a community of individuals who share similar values and support one another intellectually and emotionally.
Increasing decentralization while also fostering financial self-governance.
keeping an eye on the current situation at the TOP 500 major banks.
Token-based economics:
Understanding the economics behind BankCrash, also known as our tokenomics, is essential. It demonstrates the genuine worth as well as the long-term potential of our enterprise. Our tokenomics have been developed in such a way as to encourage growth, sustainability, and justice.
Initial and Future Token Supply Symbol: $BASH Contract address: 0x7f0541deac9904cd8e18506233a1102fc1fc4737 ERC-20 Token Address: 0x7f0541deac9904cd8e18506233a1102fc1fc4737
Start: 42,000,000,000 tokens to begin with, a number selected to symbolize the playful and defiant nature of BankCrash's gameplay.
Staking: As a reward for staking, more tokens are added to the original quantity of tokens. These privileges are reduced to one-half after every two years. This decline contributes to the token's value being relatively stable.
FOR MORE INFORMATION VISIT:
WEBSITE: https://bankcrash.gg/
WHITEPAPER: http://hhttps//docs.bankcrash.gg/
TELEGRAM: https://t.me/bankcrash_official
TWITTER: http://hhttps//twitter.com/BankCrashAlert
YOUTUBE: https://www.youtube.com/@BankCrash
GITHUB: https://github.com/BankCrashCrypto
AUTHOR:
Bitcointalk Username: Bigjohnson124
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=185728
BSC Wallet Address: 0xE81b6A6362e24961AA09D5E413Af386fa9A59B17