Earn Interest With a HolyTransaction Cryptocurrency Savings Account
Decentralized finance is quite literally taking the entire blockchain industry by storm.
After a relatively slow buildup over the past few years, the spotlight has well and truly fallen on the cryptocurrency space’s ability to do what traditional finance does — but better.
HolyTransaction, the world’s most trusted cryptocurrency web wallet, is making access to DeFi solutions available to all of its users starting now.
How? HolyTransaction developers have integrated DeFi savings accounts for stablecoins into HolyTransaction web wallets.
If the whole decentralized finance thing is new to you, and you’re having trouble understanding the importance of cryptocurrency savings accounts with stablecoins, then read on!
Decentralized Finance (#DeFi) Explained
Blockchain has promised to do a lot over the years.
However, at the end of the day, its first and best use case going back to the invention of Bitcoin is, and has always been, money.
If you’re looking for a one-liner, it’s this:
Cryptocurrencies do it better.
So, why shouldn’t cryptocurrencies one-up the traditional financial industry?
Decentralized finance refers to blockchain-based protocols that enable peer-to-peer financial solutions like loans and, yes, savings accounts. Anything the traditional financial industry offers via institutions like banks, you will soon be doing in a decentralized manner without third parties at all.
A Quick Guide to Stablecoins
The truly clutch tool in the development of the #DeFi industry has been the stablecoin, a workhorse digital asset used to minimize value volatility by pinning a cryptocurrency’s worth to an outside asset.
Some stablecoins, like Tether (USDT), pin their value to government currencies such as the US dollar. To maintain value, $1 is stored in a reserve for every 1 USDT circulating in the open market.
Other stablecoins peg their value to assets like gold, oil, and electricity.
Today, stablecoins are gaining immense popularity as digitally-native alternatives to slow, centralized, and costly to use fiat currencies like the EUR, RUB, USD, and YEN.
HolyTransaction Interest-Generating Cryptocurrency Savings Accounts
When using traditional banking savings account solutions, you’ve probably noticed that APY rates are pretty low.
Even so-called high yield accounts don’t yield much with limits as low as 0.5%.
Decentralized finance is changing that. By removing third parties from banking scenarios, you can often earn as much as 3% APY by keeping your stablecoins in an interest-generating crypto savings account.
The great news is HolyTransaction has integrated such interest-earning features directly into its trusted cryptocurrency web wallets.
With HolyTransaction, there is no need to download, install, or otherwise figure out another piece of software.
Instead, you can use your HolyTransaction cryptocurrency web wallet directly via the web, allowing you to get started generating rewards on your stablecoins right away.
If you’re concerned about a learning curve of some kind — worry not.
Using a DeFi savings account is the same as using a basic cryptocurrency wallet. Just deposit your stablecoins, click on “stake” and you’re good to go — the longer you store them, the more they yield in return.
Want to get started today? Jump over to HolyTransaction to quickly create an account and start saving.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
HolyTransaction supports GAME Token Swap
GAME has been upgraded from a Proof-of-Work blockchain to an ERC20 Ethereum token.
Game Credits users will retain the balance of their GAME addresses, which have been migrated to an Ethereum ERC20 token with the GAME ticker symbol. Balance totals for HolyTransaction GAME users will reflect the same GAME total that they had prior to the GAME Token Swap.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Wallet Storj: STORJ token joins HolyTransaction
As of today, you can instantly purchase Storj on HolyTransaction, transfer them to any HolyTransaction’s customer for free, and do crypto-to-crypto swaps between your Wallet Storj and more than other 30 cryptocurrencies.
The Storj project provides for a decentralized cloud storage facility and is originally pronounced as “storage“.
Storj’s main aim is to rent a space on the secondary storage devices of the members of its network and pay them in cryptocurrency, for their service they provide. Therefore, Storj’s native cryptocurrency token is STORJ, which can be stored on HolyTransaction now.
“The main difference between Storj and other decentralized cloud storage platforms is that Storj only uses blockchain to manage payments and not to store data. This is due to the high cost and slow speeds found in blockchains. For example, even the fastest blockchains process data/payments in seconds. Meanwhile, traditional cloud storage solutions, like Amazon S3, can store files in milliseconds – many orders of magnitude faster than even the fastest blockchains.”
Shawn Wilkinson (Founder of Storj)
The Storj platform offers online storage similar to Dropbox or Google Drive, but does so over a distributed network. Renting out unused extra space on our hard drives is referred to as, Farming, for instance. The process as simple as downloading a client from the network, choosing the amount of space to be rented, and a wallet address to store the incentives received in the form of cryptocurrency.
All HolyTransaction customers can create a new address for STORJ and use the simple HolyTransaction Web Wallet to send and receive transactions or to instantly convert them to any other cryptocurrency.
Just like with Bitcoin, you can:
- Send STORJ to any address, even to addresses of other cryptocurrencies with instant conversion on the fly;
- Receive transactions;
- Exchange STORJ with any supported coins;
- Make instant transactions between HT users;
- Get real time exchange rates on the website;
- Set OTP for additional protection.
To add Wallet Storj just click on the “plus” button you find at the top right of the balance page, once you successfully enter into your wallet.
You can find the “plus” button to select the wallets you want to see in the main page like shown in the picture below:
We’re excited to be part of the STORJ community!
NOTE: Our multicurrency wallet can store more than 30 cryptocurrencies, including: Bitcoin, Dash, Ethereum, Dogecoin, Litecoin, Decred, Zcash, Dai Stablecoin, DigixDao, Augur, 0x Project, Gamecredits, Enjin Coin, Blackcoin, Gridcoin, Aidcoin, Peercoin, Syscoin, Groestlcoin, Power Ledger, BAT, BlockV, PIVX, TrueUSD, Cardano, and STORJ among the others.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Wallet TrueUSD: how to store TUSD
We always work to provide you with a better service, and now we are glad to announce our new Wallet TrueUSD.
We are very proud about this new implementation for storing safely this disruptive digital currency.
You can instantly purchase TrueUSD through your own HolyTransaction wallet now. Send them to any HolyTransaction’s user for free, and do crypto-to-crypto transfers from/to TUSD, and more than 25 cryptocurrency’s networks.
This stablecoin provides yet another instrument that can facilitate wider adoption. The team at TrueUSD has been able to create a trustable product that can enhance the cryptocurrency world.
The TrueUSD team plans to tokenize different assets like, TrueEuro, TrueBond, TrueYen, and stable baskets of tokenized products.
All HolyTransaction customers can create a new address for their own Wallet TrueUSD and use the simple HolyTransaction Web Wallet to send and receive transactions or to instantly convert them to any other supported cryptocurrency.
Just like Bitcoin and the other 29 cryptocurrencies we support, you can now:
- Send TUSD to any address, even to addresses of other cryptocurrencies with instant conversion on the fly;
- Receive transactions;
- Exchange TrueUSD with any supported coins;
- Make instant transactions between HT users;
- Get real time exchange rates on the website;
- Set OTP for additional protection.
If you can’t see your newest Wallet TrueUSD, just click on the “plus” button that you find at the top right of the balance page, after that you login into your wallet.
You can use the “plus” button to select the wallets you want to see in the dashboard:
We’re really excited to be part of this new community!
NOTE: Our multicurrency wallet can store more than 25 digital currencies, including: Bitcoin, Dash, Ethereum, Dogecoin, Litecoin, Decred, Zcash, Dai Stablecoin, Augur, Enjincoin, Peercoin, Blackcoin, Gridcoin, Syscoin, Groestlcoin, BAT, BlockV, Vertcoin and TrueUSD, among the others.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
HolyTransaction launches an ICO for Accountless Exchange
HolyTransaction, one of the oldest multicurrency wallet on the cryptocurrency market, announces an ICO to fund Flyp.me, a new accountless exchange.
NO REGISTRATION REQUIRED
Flyp.me is an innovative way to enable anyone to have benefits from an accountless service: no registration is required to exchange the most popular cryptocurrencies in the world.
The exchange empowers worldwide users to trade their digital currencies and tokens while earning a percentage of fees of each trade under the Flyp.me accountless exchange.
PROFITS
Flyp.me allows any FYP token owners to access shares of the profits generated by the platform from fees: a portion of profit fees per trade on the Flyp.me exchange will be distributed to ETH addresses with FYP on a periodical basis.
The purpose of the FYP Tokens is to enable the owners to participate in part of the profits from the fees of the Flyp.me platform and its API by owning FYP Tokens, this will also include the possibility to allow the FYP tokens owners to join the distributed governance model of the Flyp.me platform.
All token owners will receive proportional profits from the platform, and those with a certain minimum of tokens will have additional benefits. All token holders will have the option to propose/vote for features with the stake of their tokens.
FYP Tokens are ERC20-based Ethereum tokens. Each and every FYP Token is equal to each other and has exactly the same qualities, properties, and characteristics. After the ICO period will end, no additional FYP Tokens will be created for any reason whatsoever.
Pre-Sale and ICO
The FYP tokens will be available in two separate rounds, the pre-Sale and the ICO. The pre-Sale period will start on July 10th 2017 at 15.00 UTC and will end the day before the ICO starts (September 6th).
The ICO period will start on September 7th, 2017 at 15.00 UTC and will end on September 21st 2017 at 15.00 UTC.
When Hidden-Hard-Cap is reached, the ICO will end three hours after the Hidden-Hard-Cap threshold is reached.
Token prices and metrics
FYP Tokens will be available for purchase by using Ethereum Smart Contract during the ICO.
During the Pre-Sale, users will be able to use other cryptocurrencies from the Flyp.me Token Sale page or you can query us for a private deposit account if you wish.
You can use the Token Sale page or your HolyTransaction Wallet, otherwise, be prepared to sign with the private keys of the address you sent your funds from to prove your ownership.
The final conversion rate from ETH to FYP Tokens will be published on the Flyp.me website as the presale begins.
During the Pre-Sale, FYP Tokens will be offered with a preferred ratio and with a minimum of 21% bonus to HolyTransaction registered users.
The total (100%) of FYP Tokens created will consist of the sum of the Pre-Sale ones plus the ICO ones and the ones assigned to the Flyp.me Platform itself. The percentage of the FYP Tokens assigned to the Flyp.me Platform is variable (as detailed below) and depends on reaching the Soft-Cap or Hidden-Hard-Cap at the end of the ICO period or not.
Benefits of FYP Tokens
Each and every FYP Token participates in the net fee profits generated by the Flyp.me Platform.
50% of the Flyp.me Platform total net fees’ profits will be periodically sent to the addresses that hold the FYP Tokens.
Once the FYP Tokens are distributed, you will be free to transfer and exchange them. On the more, by being able to sign with your holding keys, you will receive some additional benefits.
Being the owner of a certain number of FYP Tokens (exact number to be later disclosed), will enable the FYP Token owner to benefit from additional features of the Flyp.me Platform that will be better defined and implemented in future stages. Such features include, for example, the ability to vote, to submit proposals and so on.
Read more about Flyp.me and FYP tokens on our official channel on Bitcoin talk or on the official Flyp.me website.
Open your free digital wallet here to store your cryptocurrencies in a safe place.