Bankroll AMA Recap

For over two years and gathering over 34.000 players, Bankteller has architected a plethora of smart-contracts that work in tandem to create the Bankroll Network and provide value to its native tokens BNKR and BNKRX so far achieving a Top 500 project in the overly competitive crypto scene, this number will certanly change in the promising future ahead.

Bankroll is a premiere decentralized finance network on TRON and Ethereum. It implements a voluntary, sustainable, and permissionless global economic engine. Through a network of financial contracts the platform provides rewards in TRX, ETH, BTT, VLT and BNKR. Bankroll… play to win!!!

If you are curious about the future contract that will be launched this week, be sure to check the latest Bankroll podcast for which I did a recap right here.

Today Bankteller just provided us with two hours full of insight about the future plans in the Bankroll Network. For those who missed it or would like to scroll through the conversation in a fast manner, this is made for you. Once the recording goes live I will update this article.

If this post helps you in any way, my wallet address is at the bottom, consider supporting and using my referral for extra dividends. Also you can find me in the official Bankroll Telegram and the official Bankroll Discord.

Bankteller AMA Recap

I missed the first question because I was late so this starts right after that.

Will marketing efforts increase?

• Relationship with dapp.com Dapp review and others.
• On hold until a more stable place with the offerings.
• Or best billboard is our marketcap.
• Don’t miss the BTC / BNKR macro bullrun.
• Corporates are joining the race.
• Corporate treasures are used to protect their value.

ETH Dapps?

• Not for the foreseeable future.
• You should not only hold Bankroll.
• FARMs are very lucrative for many people.
• Community is here in Tron.
• Community didn’t migrate over to ETH.
• Fees were prohibitive.
• Diversify into other blockchains.
• Bitcoin, Ethereum, Tron then pick your speculative portfolio in the top50.
• Look to generate income.
• Get people in the Tron bandwagon and use our tools.
• Balancer WETH / WBTC pool with balance rewards.
• WETH / BAL pool is key to access value to the capital markets.
• Balancer has significant venture capital investment.
• Syntextics also.
• Bankroll is on the way to a finished product.
• BTC is digital gold BNKR is the hotdog stand, it just works over the years, not much changed and doesn’t need to.

New contract like STACK?

• Use the flagship products that are beign promoted.

New tokens?

• There wont be a new token.
• Treat them like Bitcoin and stack sats.
• Get diversified, in and out of Bankroll
• Push our way to the top 200
• Money will be spent on analytics, brand new website mobile app development, dashboards maybe 25.000$ 30.000$ tops to get this done.

Will there be Bankroll in another blockchain?

• No we picked Tron.
• We are in the business of making money not in the business of validating other people technologies.
• Kudos to Justin to deliver the platform for this to happen.

About outdated tutorials.

• Our team is working together to revise this information’s.
• As we scale we will be capable to work in this

Minnows and whales. Do whales have unfair advantage?

• It doesn’t matter if a large whale makes a move.
• Ii make huge moves doesn’t affect it at all.
• If the community promoted Bankroll like their life dependent on it we would be in a better place.
• Crypto is getting mainstream again, get out there and share the word.
• Post some gains, show coingecko, show the performance of BNKRX vs Bitcoin.
• 1.000 minnows are 1000x more valuable than a large whale.
• Each minnow can grab one person and grow exponentially.
• A whale can only market-make in a short period of time.

Are there any plans to implement roll to farms?

• Farms are upgradable as you are aware.
• There will be one or more rounds of FARMS going forward.
• We got a nice uptick on adoption by some small coins on Tron.
• SUN Farm will have a multiplier soon (10x).

Gain style apps?

• We are a community bank
• No gambling
• No games
• If you are no content making predictable income

Are you a millionaire?

• Yes.

Where are you from?

• Philadelphia.

What is your background?

• Boston MIT, Fidelity.
• MIT Startups.

Can’t you live from the Bankroll divs?

• Some people are living of it.
• Some whales are living of bankroll divs as well.

How does Stronghold get 10% BNKR for divs?

• Stronghold gets divs from the farms.
• Look at the smart contract.
• The contract source hast he buyback function, it looks at the Tron balance in the farms contract and will then, if its over 10 TRX then will swap to BNKR and do a token transfer to the buyback receiver address that is Stronghold. The function itself is called on line 718 and actually is added to the total BNKR public variable and that is called on the claim function that is on line 644 of the contract.
• Basically total BNKR bought isn’t visible on the UI but happens on claims.

Why the purple?

• I’m a fullstack developer and can bang a lot of functional code.
• I worked closely with designers in Fidelity and would as a product owner translate use cases.
• Went shopping for good widgets and websites for small bucks and found a team that I liked and then at the time was playing Trongoo.
• Before bankroll was truly born I was over my shit in a cosmetics venture and it was a money pit, didn’t end well.
• Trongoo was purple so I tried making my more purple lol.

What inspired you?

• Working for the man, he got richer and I didn’t got rewarded like I should so I left.
• You should start working for yourself as soon as possible.
• Fidelity is a pretty amazing place to work with a good mission.
• Learn a lot about what doing things the right way looks like, sometime the slow way as well.
• I’m appreciative of the community.

Do you recommend any books?

• Learn the history of money.
• Rich Dad Poor Dad, for what it means no to work for the man, work for yourself and be a developer of systems and ultimately be an investor.

What are your hobbies?

• Longboard, snowboard, I like speed, cycling and working out on the elliptical .
• Starwars a lot, including the Mandalorian. I will figure out how to get the chronological order and consume it all.

Will STACK’s 1M BNKR pool flood the market when it dries up?

• BNKR will always go to a wallet that is not yours.
• Anyone that is holding Bitcoin should hope for the price to go down, the only way to get wealthy is at the beginning
• You will not get rich when the price is high.
• When people sell they have some motivation, they need to get out, that may not be something abou the asset, maybe they have a medial emergency or stupidly buying a lambo right now even knowing that they can buy 10 lambos next year.
• What means is that you are still interested in this asset.
• My strategy is going to be monitoring when Bitcoin stacks dollars and BNKR stacks sats and based on that selling one to buy the other.
• Bankroll is special because there is no non sense or greedy founder, the yield is right there for the taking .
• I feel overweight in BNKR.
• I don’t need to be the king of Bankroll but leadership is important.

Mergers and acquisitions?

• Not interested.
• Mission is to polish.
• Build the most beautiful UI and mobile with a BANG
• If i get to 10M dollars of wealth I will green field do a new version of Bankroll with a team and clean slate pick the best blockchain or 2 or 3 and do that one more time with the Bankroll brand. Bankroll classic in Tron and Bankroll. Looking at the Tron chart is a bit underwhelming. We will will see how this cycle pans outs.

Launching on EOS?

• No, probably Ethereum 2.0 or Polkadot if this would happen.

What about adding liquidity to SWAP?

• There is always incentives to adding liquidity.
• These incentives are strong and apparent.
• FLOW directly impacts BNKR so don’t sleep on BNKR.
• Stockpile and Stronghold the farms and flow incentivize more passive players to park funds there and earn.
• Stockpile is a honey pot game. You can buy on the cheap access to great daily dividends.
• Stronghold because of it’s fixed supply you can soak supply and own control of BNKR getting to a point you are satisfied.
• If FLOW does what is supposed to do the divs for Stronghold is going to be very good
• I have a 15% Stronghold position, over 100K$ in Stronghold and is my safest investment on crypto, that is my go bag if something bad happens. Just works day in day out. Doesn’t drop in value. It’s just like Bitcoin, I was there when Bitcoin was a 1$. I told this story, In 2011 meeting Erik Voorhees in New York City I invested 5000$ if I had used that money to buy bitcoin…Oh my god, now with BNKR I see that opportunity again.

Can you explain how the referral buddy system will work on FLOW and how would the changes in BNKR price you affect the dividends in FLOW.

Update:

Flow has been released and can be found over here. I already did a summary of the contract ad a full tutorial on how you setup you account.

• FLOW referral system will work the same way TRXChain works.
• 15 layers deep you get a certain amount of incentives as your number of direct referall goes up and also you become part of a referral chain and value flow up that chain as well, with the buddy system I deployed a contract that allows you to set your buddy, I probably won’t use the buddy system. I haven’t decided, once you set your referral on FLOW is set forever on-chain. Social contract wise you should expect from your deposit that isn’t impacted from your referrals. BKNRX tokens are minted in FLOW so there is no loss of value only additive. The person you set to your buddy, they will get a direct reward whenever you claim dividends. From that perspective it all works like TRXChain.
• There will be documentation soon .
• Things are still subject to change.

Can you make an analitics page that gathers all contracts in one page?

• Yeah when it all settles.

Is there anything you can do to have the BNKR/BNKRX price to display properly in blockfolio?

• BNKRX will be added to polonidex sometimes next week hopefully

Can you explain how BNKRX is locked in Stockpile and Stronghold?

• Stronghold and stockpile are basically credits for liquidity tokens
• Stockpile you can buy your tokens but not sell them.
• Stronghold is pretty much credits.
• They are both asset aware, primary asset aware that buy and sell liquidity tokens for the primary tokens.
• If you send BNKR or BNKRX they know how to turn that into liquidity, they have a predetermined action in the sweep function to distribute it in the contract. In case of Stronghold is converted in insta divs and locked liquidity, in case of stockpile is turned into divs and locked liquidity 50/50.
• Stockpile was inspired by CORE locked liquidity project.
• BNKRX got to 800TRX because the supply was 100K tokens, created at genesis and were paired with 1M TRX of my personal money. Then I also worked with TronTrade, we have a very good relationship with them so out of the gate BNKRX had a good access to traders on Tron, excellent liquidity and the buzz to go along with it, so the supply was never supposed to be 100K, on the contrary. BNKRX market cap is bigger than it was a launch. So BNKRX is growing, value was added.
• Some people have much higher APY’s than me on Farm. Some people didn’t sleep and made crazy gains on launch day just by rolling.

Do you think we’ll reach a point where the ecosystem is complete and no more contracts are needed?

• Yes, we are close barring something happening.
• We have been blessed with the benefits of Tron and scammers, for what ever reason Tron attracts a lot of scammers because of this gains platforms. These platforms don’t study how Tokenomics work and instead just use crypto for the ease of money flow and dodge regulations and the facts that they can work internationally. If you just remove the scam and focus on adding value where the scam was it can prove very beneficial.

Will there be listing on larger exchanges?

• We are gonna be a top 200 project hopefully.
• Our wallet are growing, discord twitter, our community is bigger than top 200 project.
• We didn’t need an exchange then we don’t need now.
• Getting listed on exchanges doesn’t help, only coingecko marketcap, dappradar dapp.com get us visibily.
• I have a relationship with the top crypto podcast, the trigger hasn’t been puled, I am polishing where it matters first.
• Get support of your Bitcoin bag to grow your wealth.
• Bitcoin is how money flows into the system.
• if you didn’t but cheap Bitcoin and BNKR and BNKRX, you want to buy cheap everything right now. Bitcoin is the gateway to capital to flow into your bags, that is starting to happen.
• Ethereum gets to pump next, rich people are lying to you because they have been buying directly from miners since 2014, this macro bull run is gonna be different. Companies don’t care if they buy at double the price something they will hold in they books forever and forget about.
• We are the first community bank, let your bags speak for us.
• Your job is hold your bag, stop selling.
• I have 2M BNKR and not enough BNKRX just so you know.
• Play to win
• I gonna pump, I’m gonna dump, I’m gonna do what ever I can to get into position.
• Stronghold is a good place to be this weekend.
• I wanna get this done and get it out asap (FLOW).
• BNKR is much more mature and well positioned to get into the top 200 and have a very solid chart to show people.
• BNKR has been growing in exposure and will get more acceptance from new people.
• 5% buyback in FLOW is gonna do some damage in stronghold

Are you single?

• Yes, lol.

Is there any advantage in investing is SWAP?

• Good question, just being a liquidity provider in swap you only get the 0.03% fee but in Stronghold the return is much greater.

When BNKR 10x bonus?

• Waiting for bitcoin to do something super explosive.
• Either BNKRX or Bitcoin boom.
• FLOW should be very good for BNKR and BNKRX.

Is now time to get Bitcoin?

• Time to get Bitcoin was when it was at 11k$ like I said.

I’m going shopping for a PR marketing team which can be very pricey that is around 5.000$ to 15.000$ a month and looking for development help.

Will there be again a SUN/BNKR pool?

• I think BNKR or BNKRX in the pairs it doesn’t really matter which one is, either one will work kind of the same.

Everyone should write a book, especially a book for children. Something relevant to your experience. Kids can use the reassurance these days, they are suffering in ways we cant even imagine right now.

Will there be a third token?

• I don’t thing that would be helpful for the ecosystem.
• It’s adds extra complexity on usability that just isn’t necessary.
• One thing that I could build is a Farm where you could just deposit anything and start gathering yield, the “omni farm”, just deposit something, almost like an omni save.

>> Recording stopped here <<

Is there any new plan to deposit BNKR token solo for a profit?

• Probably not
• Not anytime soon

Flow UI development is starting today, you can already imagine that it doesn’t usually take very long to do. I hope this weekend because of Thanksgiving and then only have Monday and Thursday because I have the kids home and will be ridiculous so yeah.

Community Voice Questions

“What about a ‘FARMx’ splitting the tokens on the UI? “- DC

• There are a lot of Tokenomics and timing to consider because how the ecosystem works.
• If you don’t have a critical mass for the token pair the farm won’t work well.

“How high is the risk someone could replicate Bankroll on another blockchain but not on Tron?” -Ikamp3

• It has already been done but they are not successful because of the community.
• The community is Bankroll.
• If we stand strong together and pool or collective power together it will be easy to grow and our token to command the share of that wealth.

“Is there any protection from DDOS?” -TeamMason00g

• We are hosted on Amazon and Google.
• We have a domain bought for the next 10 years payed for.
• We have an unstoppable domain.
• We have a backup.
• What we have now there is a lot of ways that just don’t go down.

“Thank you for all of this Bankroll, second people really like the BNKR token, do you have any token for the future of BKNR?” -behzad

• BNKR is an utility token that will be central to anything we do even beyond Bankroll itself.
• Stockpile and Stronghold will be guaranteed that the pure Tron will be here, for players.
• Stockpile you will reap the rewards over time but still earing forever, depending when you time it, your ROI will be variable but very lucrative and use the reported APY to know if you are doing the right thing. It’s key to document your assets and gains.

“Thank you for your great work. I would like to know what kind of emotional attachment you have to Bankroll. You have been working for over a year now, how do you lookback at it? Is like your little baby. -ikamp3

• For me it’s about the community, I have led projects that took years and never had communities, just as a profession, waking up and doing the work, I don’t need to have a ton of motivation to do the right thing there, I’m kind of only executing. But it’s good to see how lives are being impacted. For Bankroll it’s not only the monetary aspect, also the view on what is possible with crypto. That has changed for the better and this is a system that can work for us and where we don’t have to wait for a unknown actor to act in order to gain value.
• We have been able to operate in multiple market conditions. The promise is working for a simple solution : cashflow for all. Now in a bullrun we will see how far we will take this, it’s gonna be fun.

Contest on the marketing side? -Crypto Mobile

• Twitter is getting the payouts of 200BNKRX.
• On the YouTube side shilling flow is gonna be huge.
• For any individual getting 15 people to add you as a buddy that will be very beneficial.
• FLOW is very low risk, you are going to buy your BNKRX or Farm it or whatever and after you deposited in the first 100 day you will break even.
• Will run some ads eventually but the best ad is free and it’s word-of-mouth.
• Sitting on the top of polonidex and trontrade has be very good to gather new members.

That’s it, you made it to the end.

If you think this post helped you better understand how it works and gave you a better insight on it all, then I succeeded in making your financial independence one step closer.

Until next time guys, keep it on crypto!