What Is Bankroll?
Bankroll is a decentralized social trust platform built on the TRON blockchain with the aim of implementing a sustainable, voluntary, and permission-less universal basic income for its community through its investment contract.
How Bankroll Dapp Works
Before using the Bankroll contract, users are required to have installed a Tron wallet browser extension on their mobile or desktop devices. On the Bankroll website, there are four blocks, which are the main areas of interaction with Bankroll smart contract. The blocks include the Fund Box, the TX Burn Protection, the Claim Box, and the Sponsor Box.
When a user is in a contract, the Fundbox displays the amount of credits they own. It also displays the amount of referral and sponsorship credits available to the user. The whale status displays the amount of TRX required in order to be a whale. This status ensures that sustainability of the contracts by preventing the user from receiving the full 3.33% daily return until Total Credits is lower than the Whale Status value.
The TX burn Protection acts as an alert system that notifies users when they have less than 10 TRX in their Tron wallet. Since the Bankroll is a smart contract whereby a small amount of Tron fee fuels the transaction, it requires users to have more than 10 TRX in their wallets for transactions to be processed.
All the earnings made by the contract, the deposits and the reinvested funds as well as the withdrawal history of the user can be viewed in the Claim Box. Users should note that after they have entered into the Bankroll contract, they cannot withdraw the investment unless it the 3.33% generated daily from the investment.
With the Sponsor Box, users sponsor others by sending them Tron, which will turn into credits that will earn them more Tron. Bankroll also features a Treasury Box where users can donate Tron to sustain Bankroll.
Why Invest On Bankroll?
Balance Protection Mechanisms
Bankroll is integrated with an advanced mechanism that automatically sets a limit on the daily withdrawal at 0.05% to 0.025% of the available balance in the contract. This will ensure that the contract has the ability to grow in a decentralized and distributed manner while preventing the user from being affected by the debt ceiling.
Players on Bankroll will have the opportunity to enjoy all the deposits in the dividend pool, which are paid out at 3.33% daily based on the user’s deposit. Additionally, all the commission fees accumulated on the platform are paid out to the account holders for the entire period of the contract. There are no wait times when users want to withdraw their funds, as withdrawal requests are processed on a per minute basis.
Longevity And Sustainability Of The Contract
The contracts on Bankroll are designed to be compatible with other contracts and provide them with a solution for profit sharing. This results in funds flowing into Bankroll from the Tron ecosystem. Furthermore, Bankroll will provide developers with a means to incentive their users and encourage participation on their apps.
Compatibility With Devices
Bankroll is compatible with both desktop and mobile devices thus ensuring users can conveniently access the platform.