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Unbanked’s Bankers NFT Drop Isn’t Just About Owning Digital Art: It Has a Real DeFi Utility

Tue, 11/16/2021 - 18:56
Unbanked’s Bankers NFT Drop Isn’t Just About Owning Digital Art: It Has a Real DeFi Utility
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Google News has announced the company’s intention to unveil their Bankers NFT collection in mid-December. The company will be issuing a collection of 10,000 unique digital collectibles on the Ethereum blockchain, which will be made available to the public through an auction.

Ahead of the release, Unbanked has released several previews of the NFT artwork on social media, created by artist Antoine Mingo. The artist is renowned for his work on the popular Pudgy Penguins NFT, which attained a market cap of more than 12,000 ETH--with the more unique pieces going for as high as 130 ETH.
Of the 10,000 unique digital works:

  • 5 percent of the NFTs will be dropped to current TERN/UNBNK holders and be awarded through marketing tasks
  • 94 percent will be on public sale 
  • 1 percent will go to Unbanked team members

More than Just Art

There’s no disputing that NFTs have become a hot commodity over the last year, fueled by an increased public interest in crypto and digital collectibles. Up until now, these works have offered access to events and other cool perks, but few have had a real, functional utility. That’s where Unbanked’s Bankers NFT differs: by purchasing a Banker, you get lifelong access to financial lending and borrowing privileges on the decentralized UNBNK protocol and the ability to monetize your Banker in any way you choose. 

While the company has yet to announce the starting bid or reserve price, they are currently taking feedback from the community on the UNBNK Discord channel.

Participating in Bankers NFT Drop

There are several ways interested parties can participate in the launch of Unbanked’s NFT:

To access the 94% of digital art available to the general public, you must:

  • Be a registered Unbanked user
  • Create a crypto profile and have your ETH address listed. 
  • Lucky users may also qualify for a free drop.

Of course, Unbanked wants to reward long-time believers and community members by allowing them to get in on a special percentage of the drop ahead of everyone else. To participate, TERN/UNBNK holders must:

  • Ensure they have registered for an account
  • Create a crypto profile and attach their ETH address
  • Hold a balance in their dashboard of $100 USD.

A snapshot of these token holders will be taken over the next few weeks, which will provide a means for selection. Those selected will each get a Bankers sent directly to their crypto profile ETH address, after which an email will be sent to notify them of the drop with the minting URL. 

Additionally, people have multiple opportunities to win Bankers on Unbanked’s social media channels.

As part of the project’s efforts to support active users of Unbanked products, there will be an email sent 30 minutes earlier to users with at least $250 in their account. Users with Unbanked accounts but no active balance will receive an email 30 minutes after the first round of notifications.

About Unbanked

Unbanked is a global fintech solution built on blockchain. Predicated on the ethos that financial access and control is a fundamental human right, Unbanked connects traditional enterprise, fintech, and banking systems with blockchain infrastructure, expanding the utility of cryptocurrency for investing and everyday purchases. The company has a suite of highly bespoke financial products which enable both the banked, unbanked, and underbanked to create a financial experience as unique as the life they live.

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