Earnable, the token rewarding holders in BNB
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The search for passive income in the financial world is often arduous, especially in the ultra-low interest rate environment we are living in today. TradingView data shows bond yields in the U.S. can be as low as 1.9% for a 10-year T-bill.
In Europe, the situation appears to be even worse, with 30-year bonds from the U.K. yielding less than 1%. German government bonds, meanwhile, yield negative interest even if they have a 30-year deadline.
Investors often have to choose to gain exposure to riskier stocks or to go with less-than-stellar corporate bonds in a bid to find any type of yield. When the market turns, the interest they earned does not make up for the principal loss.
The cryptocurrency space has offered solutions in the Decentralized Finance (DeFi) space, although using the Ethereum network is costly, and blockchain protocols have been hacked numerous times.
Just recently, interoperability protocol PolyNetwork was hacked for over $600 million worth of crypto assets, in a blow that affects the entire industry.
Earnable, a BNB-yielding token
Earnable’s $EARN token offers a solution to these problems via the Binance Smart Chain (BSC) in the form of a BEP-20 token benefiting from the security of the Binance Smart Chain itself. The token allows investors to earn BNB passively through a built-in tax system.
As long as token holders stick to their coins, they earn stable BNB rewards with no lockup periods, as each $EARN transaction incurs a 15% tax, out of which 14% goes to all token holders, and 1% is used to provide liquidity on decentralized exchange PancakeSwap.
Out of the 14% tax that goes to holders, 13% is used to fund a BNB pool that is then redistributed to token holders, while 1% is redistributed to users in the form of $EARN tokens. The funds are distributed to holders based on token allocation and can be claimed through BscScan or the Earnable website.
The token’s price can be followed on numerous cryptocurrency data aggregators and is available on PancakeSwap, as is every other BEP-20 token launched on the blockchain.
Notably, Earnable stands out from the crowd through the use of an anti-whale function that stops any token holders from having over 1.5% of the total supply, equivalent to 15 trillion tokens.
It also has an anti-dump mechanism preventing sales of over 0.15% of the total supply – 1 trillion tokens – at the same time. This means that in a single transaction, one wallet can only sell 0.1% of the token’s maximum supply. The sale would redistribute BNB and $EARN to other token holders.
What’s ahead for Earnable
The team behind Earnable has revealed itself as a highly experienced one. Every member of the team has shown their true identity to build more confidence with the cryptocurrency’s community in a bid to foster more confidence.
In the third quarter of the year, the team plans on adding locked liquidity and a full withdrawal functionality to the Earnable website, while promoting the token through marketing campaigns on social media.
In the last quarter of the year, the smart contract will be verified on BscScan, and marketing efforts will only increase through a professional multi-channel campaign. A new website with a new dashboard will also be launched.
To bolster security, the team will also audit its smart contract, and will be adding features to autoclaim and reinvest $EARN tokens and increase passive income being earned. Over time, bigger exchange listings will be pursued.
You can keep up with the project via Twitter or Instagram.
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