we are all aware of label cuban is a crypto fanatic and he’s been creation some real major moves in the crypto opening now for the second time in a few months it’s been ruminated that differentiate cuban has been to deal with yet another crypto job the last one was romedale i’ve got a video out on that but this time around a person on flutter theorizes that marking cuban is the owner of the first bankers nft plenty pass for an upcoming mint from a team called unbanked pretty interesting trash if you ask me hey chaps welcome back to crypto madman today i’m going to break down an nft activity that tag cuban is possibly investing in called banker’s nft collection i’ll be proving you the tweet that i first find which activated my interest and too look at the bankers nft as a whole i did some the investigations and the master behind the nft projection is also the guy “whos been” the pudgy penguins yeah the same pudgy penguins that’s causing all the buzz on flutter but guys even though this is all speculation here if assessment cuban is actually involved then perhaps something really big-hearted maybe in the pipeline with that said let’s rush straight into today’s video so what is unbanked and why would commemorate cuban be interested well unbanked formerly known as ternio is a fintech company who specializes in crypto connection financial products they mostly allow people to use digital monies in their everyday lives operates a a way of crypto bank provide bank account that allow people to buy and eventually sell digital monies this piece is available in the us but they’re currently would be interested to expand globally launching bank account and debit card planneds across many international markets users can also utilize the unbanked protocol in a traditional lending borrowing mannequin facilitated by smart contracts to leverage digital resources as collateral to acquire funds from other useds of the protocol aka a crypto bank loan place memo there is a way to get zero fee borrowing and i’m gonna talk to you about it in the video so stand aria at this extent we are to settled two and two together and understand why symbol cuban would possibly be interested this programme is a crypto bank and where would a billionaire that’s big into crypto look to put his fund probably into something like this right but the thing is even though we can clearly see a relationship nothing’s certain according to a follow-up tweet from the same guy who performed the invention on titter it’s more to be confirmed whether the wallet associated with the belief pass is crisscros cubans or not but it’s clear that the pocketbook utilized had a huge amount endowed in many crypto jobs so guys now we have floors for a possible relationship with observe cuban and the unbanked job but let’s dive deeper and look at the bankers nft plenty pass line cuban possibly be used in and how it’s connected to pudgy penguins the banker’s nft collection so guys unbanked is about to launch their first nft programme called the bankers nft which will consist of ten thousand pieces these ten thousand bits will be broken down accordingly five percentage dropped to existing um k incumbents plus banker sell tasks 94 allocated to public sale dutch auction one percent allocated to unbanked crew members possession of a banker’s nft will double as membership of unbanked.com their upcoming d5 platform and likewise admit the owner free lending and borrowing for life the banker’s nft drop is gonna be a dutch auction this means they’ll start with the highest bid firstly to initiate the banker marketing the rate will continue to decline until all bankers are sold out or the storey price is reached the starting order is likely to be eight hundred dollars in eth and decline fifty dollars every thirty minutes until a flooring of two hundred and eths is contacted or all bankers sell my shares one important thing to note though once the populace marketing is live any bankers left over after 72 hours will be burned reducing the total supply so what starts these nft special well besides the whole brand cuban thing these nfts are designed by the artists behind pudgy penguins antoine mingo he recently did an interrogation with a unit member of unbanked and some really interesting topics were brought up if you want to check out the interrogation the link will be in the description but back to questions at side pudgy penguins introduced in july 22 nd 2021 and subsequently reached a grocery cap of over 12 000 eth with hand-picked segments selling for 130 eth and ought to have boasted on new york hours cnbc and bloomberg now this is huge for team unbanked why well fans of pudgy penguins will no doubt be following the journey of antoine and they’ll be thinking if he did it once he can surely do it again now what’s the use case of the unbanked mfts well guys depending on the value of the nfts you own after the death reconciles you can use your nft as collateral when trying to get an unbanked credit the more nfts you have with high value the more you’ll be able to borrow seeing that you have more collateral but how does it wreak well after reviewing the loan terms presented you have the option to accept if you do then eth comes paid out from the lender’s wallet to your pocketbook and your nft comes locked in a unbnk smart contract now when you repay the loan based on the periods your nft will be transferred back to you but if you don’t refund and meet the terms before the due date then the nft will be transferred to the lender so how does it work if you want to be a lender lenders engender returns through peer-to-peer lending according to their website you can browsing the unbnk mart and find nfts you like and then render a lend for said nft after the borrower accepts terms and receiving a loan if he then defaults to the loan definition he can’t to be paid in the specified time frame then you get the resource which is in this case an nft guys the cool thing here is when you’re a lender you call the shots they were required to repay the lend on the terms that you decide so the possibilities offered by having rating cuban on board and the pudgy penguin’s pioneer doing the artwork alongside the solid game plan that unbanked have in plaza you have yourself a highly exceedingly predicting job chaps i’ll clearly help keep an attention out on this project because crew unbanked “ve got all the” right cards in the deck it’s just up to them to execute that wrappers up today’s video “i m hoping you” enjoyed it smacked like if you did and don’t forget to subscribe to our path for more material like this as always thanks for watching and we’ll see you in the next video
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