![]() Mobile app, internet banking and onboarding are available in English. The card delivery is 3-5 working days after your application. Additional: The debit card is needed to activate the app.Next step: Download the ABN AMRO-app in Apple App Store or Google Play Store.Cost of bank account: €2.95 per month, including debit card, use of the mobile banking app and an identifier to activate the app.Needed: Ukrainian international passport, Dutch Citizen Service Number (BSN) and official residential address in the Netherlands.Open a bank account online via mobile app You can open a bank account at the following banks: ABNAMRO The Dutch Payments Association has published useful information for refugees from Ukraine who want to open a bank account in Ukrainian and English. For other documents you will have to apply at available bank branches, see the listing below. Please note that when opening a bank account online, banks will accept only specific ID-documents. A valid O-document issued by the Dutch Immigration and Naturalisation Service (IND).A valid Ukrainian permanent residence permit in combination with a valid non-EU passport.A valid Cyrillic Ukrainian passport in combination with a certificate confirming the identity by the Ukrainian Embassy.A valid Ukrainian ID card with the details also in English.A valid Ukrainian passport with the details also in English.Since the 3rd of October 2022 a wide range of ID-documents can be used to open a bank account at a bank branch: In some cases, this can result in delays before an account is assigned to you and ready for use. Banks are obliged to check your data and ID. Opening a bank account is subject to various rules and regulations. We will be working hard on this project in the coming months, and we hope to make it great together as a community. This provides liberty and allows you to sell or transfer your tokens at any time. BTSF fees are awarded automatically and do not require any transaction to be executed by the holder in order to earn fees. There is a massive opportunity cost associated with this as participants could not trade their tokens at any time. Individuals often must stake or park their tokens in a contract to earn a yield. Earning network fees is an established and tested method of earning yield. As you earn fees, the percentage of the total supply you own is increasing. The yield comes from transfer fees instead of newly minted tokens. No external contracts or interfaces need to be interacted with in any way.Įconomic Design risk: BTSF has a fixed cap. Security risk: Because burning, fee generation AND distribution is baked into the core smart contract, security risk is greatly reduced. As long as the Binance Smart Chain exists, BTSF fees will be generated and distributed with each transaction. No website or interface is required for the token to function. Trust related risk: No ICO, No Fundraising. Anyone claiming to guarantee a specific yield or eliminate this risk are lying to you. Price and Market risk: These risks come with any free market. ![]() The following risks were addressed and kept in mind during the construction phase of BTSF: We want to do it differently and build a sustainable token. Developers who design and implement these economic reward mechanisms typically have no expertise in economics. ![]() No action needs to be taken on your part other than to hold BTSF in a wallet you control.įor the overwhelming majority of DeFi projects, rewards for interacting with these contracts often come from the minting of new tokens, necessitating confusing (and usually centralized) economic mechanisms that attempt to give the underlying reward token some value. There is no team or central party that has to award the fees. This generates a much higher yield than would otherwise be possible. The percentage of fees you earn is calculated by the percentage of BTSF that you own among holders. ![]() Unique features of the BTSF smart contract allow certain addresses like the PancakeSwap pool or coming exchange wallets to be blocked from earning fees.īecause of this, 100% of the fees generated go to holders of the token. In addition, 4% of each transaction is burned. At its core, BTSF charges a 3% transaction fee and re-distributes that fee to existing BTSF holders instantly and automatically at the time of each transaction. BTSF just reached a market cap of 1 million USD□ Therefore, let’s take a moment to briefly introduce BTSF to you.īTSF is an innovative token on Binance Smart Chain (BSC) that re-imagines the concept of DeFI yield generation. ![]()
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