July 2020 Update (12)

What is the B21 token?

B21 token is an Ethereum based ERC20 token that forms the base of all transactions, fees, and rewards on the B21 mobile app. You will be able to buy B21 tokens directly on your mobile app and hold it to enjoy exclusive benefits.

What utility does it serve?

  • Different utility tokens have different functionality based on the nature of the project and the B21 token also serves a purpose by forming the base of all transactions, fees, and rewards on the B21 mobile app.
  • B21 token gives exclusive rewards to users –
  1. Stake and earn B21 tokens — B21 token offers you a source of passive income on the B21 app. You can buy and hold a minimum of 500 B21 tokens and earn a 5% dividend p.a. in B21 tokens. The interest is paid out monthly
  2. VIP Account — You can become a VIP member by holding 300 B21 tokens in your wallet. By becoming a VIP member, you can enjoy low fees while buying and selling crypto coins on the B21 app.

How to buy B21 tokens?

  • At present, you can buy B21 tokens on the B21 app using your credit card/debit card, bank transfer, and other local payment methods based on your location.
  • You can also earn B21 tokens as a reward on the B21 app –
  1. Sign Up Reward — Complete your profile and you will earn a $2 signup reward.
  2. Welcome Bonus — Earn B21 tokens worth $5 as a welcome bonus on your first investment of $50. Also, on every next investment of $100, earn a $5 reward.
  3. Refer and earn — Refer your friends to try out the B21 app and both you and your friend will earn $2 on successful registration.

What’s more with B21 token in future?

  • Listing B21 token on Exchange — We are talking to some of the top tier exchanges and will soon announce on this
  • B21 Card — Very soon, you will be able to use the B21 International Card to spend your cryptos anywhere

Stay Safe. Invest Regularly.

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B21 Invest Webinar September 2020

Recap of Live AMA with CryptoCub

Here’s a little recap of our AMA with the CryptoCub community on September 8th. The AMA was hosted by Nitin Agarwal, Founder of B21 Invest and the CryptoCub team.

The webinar session started with the CryptoCub team discussing topics like Blockchain, some of its use cases, and later on coming to the Crypto investment and DeFi.

AMA Session:

Q — Adnan Ahmed: How many total numbers of Bitcoin exist and how many are still left to be mined?

A — There are 21 million bitcoins that can ever be created, which means it is limited in supply. There are 18.5 million bitcoins that had been mined in total so far.

Q — Aditya Shahani: Could you tell us a platform where we can go and find the relevant information about crypto?

A — Today in the information highway, there are so many sources of information available which includes print media, social network, and many more. Out of these, some are sharing new while some are sharing opinions, so instead of naming one channel or media source for getting authentic information, you can yourself figure out what is news or a fact or an opinion and make a judgment yourself. However, in Crypto, once you invest a bit, you get more and more involved and that’s where you begin the learning process.

Q — Veer: How is B21 planning to bring DeFi?

A: DeFi is new and risky but is exciting as well. It is the first application for decentralizing the entire banking and financial system. DeFi at present is tech-intensive and that means only a small amount of people can take benefit from it. So here we are looking forward to making investing in Crypto and Defi as easy as possible for common people. We are aggressively working on becoming the Gateway to Crypto and DeFi.

Q — Tejas: What determines the price of Cryptocurrency in developing/developed countries?

A — Be it a developing country or a developed country, it really doesn’t matter. Being a decentralized currency, the crypto coins have no boundaries. The price of the Crypto coin is purely determined by the demand and the supply, it depends upon how many people are buying and selling it.

Q — Tejas: To a crypto beginner, which of the coins would you advise to invest in?

A — I would suggest that as a beginner instead of investing in one spread, create a portfolio of three, four, or more coins. Invest a small amount and invest regularly. It is better to choose from the top 10 coins and start investing in them and once you’re comfortable you can look for other coins as well.

Q — CryptoCub — How B21 is beneficial for the Indian market?

A — The beauty of B21 is it makes the process of investing very simple for the people. We enable people to invest in using local payment methods, such as UPI. We are the only place where you can invest in more than 4–5 coins together with a small amount of $25. We are looking to bring more functionalities for Indian users in the coming days, so Stay Tuned!

Q — Sagar Sarda — The prices reflected on the B21 for crypto coins, where are you sourcing them from?

A — We get the price from multiple exchanges, probably from the top exchanges to give you the best price. We have built a very smart and complex engine to get the price from various exchanges of various crypto coins.

Q — Sagar Sarda — Do you have any future plans of bringing stable coins?

A — We will take this into consideration as enabling stable coins such as USDT is not very difficult. We will look to bring the stable coins very soon on the B21 app!

Q — Aditya Sahani — Can I hold crypto coins as long as I want to?

A — No, this is the beauty of it! We hold all the coins in a regulated custodial wallet, Prime Trust and we always encourage people to Invest small and invest regularly.

We would like to thank the team of CryptoCub, for hosting the Webinar Session on Crypto Masterclass and inviting B21 to become a part of it. As we keep getting questions from our community, we look forward to conducting more such webinars to answer them. We will keep updating the future session on all our Social Channels, so don’t forget to follow us.

Stay Safe. Invest Regularly.

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B21 Invest August Update 2020

B21 Invest — Monthly Update August 2020

The current crypto market is bringing new opportunities with the rise of DeFi projects. According to a very popular website defipulse.com, there is $8.24 Billion total value locked in the current DeFi landscape. We covered the basics of DeFi in our latest AMA.

What have we been busy with?

We have integrated a very exciting feature on the B21 Mobile app — Crypto Deposits!

Now you will be able to bring your crypto purchased from any other platform/exchange to your B21 account.

This will give the users two benefits –

  1. These already purchased assets will be included in your B21 portfolio in a single place and you can keep a track of how your portfolio is performing directly on your B21 dashboard
  2. Crypto to Fiat conversions directly to your bank account

The video at the bottom will explain to you the steps on how to deposit your cryptos in your B21 app. We have also added a feature by which you can add the price of the deposited asset along with the date of purchase.

Marketing

With a mission to expand the B21 family even further and answer all the queries the new crypto investors have, the B21 team has decided to conduct continuous Webinars and Live sessions. We conducted two such sessions in the month of August and the response was overwhelming!

Image for post
You can find a quick recap of our AMA in this medium article — B21 AMA Recap

What’s next?

We are working on to further improve the user experience of the B21 app. Some of the features we are working on –

  • Stake and earn interest for other coins — Currently, you can stake 500 or more B21 coins to earn 5% interest p.a. on them. Soon, you will be able to stake all other coins in your portfolio and earn interest.
  • Further revamping the signup and KYC process — We received a lot of feedback from the B21 users and we are redesigning the signup and KYC process completely to make it further accessible.
  • Country ambassadors — We are appointing B21 ambassadors in different parts of the world to help us promote and expand the B21 family even further. With this, we will integrate more local payment methods for these countries.
  • UPI withdrawals for Indian users
  • Partnerships with more wealth management firms and family offices

As always, your valuable suggestions are always welcome. Do not forget to follow our social media handles for regular updates!

Demo of the Week – Crypto Deposit using B21 App

Stay Safe. Invest Regularly.

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B21 Invest Webinar 27 August 2020

Recap of Live AMA Session happened on August 27, 2020

Here’s a little recap of our Live Webinar on “Do’s and the Dont’s of Crypto Investing” on August 27th. The webinar was hosted by Nitin Agarwal, Founder of B21 Invest.

In the webinar session, Nitin discussed the current happening in the Crypto Space, the Do’s and the Dont’s in Crypto Investing and also showcased the Live Demo to explain the steps on how to deposit cryptos using the B21 app. During the live demo, Nitin also showed the exciting new feature on the B21 Mobile app — Crypto Deposits!

AMA Session :

Q — KN Suresh Babu: How the income tax is computed on Crypto Sales?

A — We consider cryptocurrency as an asset, so just like any other asset class like stocks/shares where you do capital gains, you can do the same with cryptos as well by declaring your capital gains.

Q — KN Suresh Babu: Is crypto legal in India?

A — Yes, the crypto was banned earlier but going 4 months back, had lifted the ban on cryptocurrencies. So there is no ban on crypto as of now and you can buy, hold and transact in crypto. The Supreme Court has considered it as a part of innovation and has said that the government should foster this! There are also conversations going around on the legality of crypto in the country which in turn will clear things more for the traders.

Q — KN Suresh Babu — What happens when the government bans the cryptocurrency? What is the fate of our crypto coins?

A — There is no definitive answer to this question. The government will not be suddenly banning the cryptocurrencies, there will be some time given to the people before banning it. Even if the government imposes a ban, you can still sell your coins and withdraw your money.

Q — Sachin Choudhari: How small can an investment in Crypto be?

A — When I say small, it means small to each self. We at B21 enable people to begin their investing in crypto with a small amount of $25, which is roughly close to Rs. 2000. You can start small, learn about it, gain some confidence, and invest regularly thinking for the long term.

Q — Chitaranjen Nayackh: What is the minimum time period you suggest while investing for the long term?

A — I suggest to invest at least for 6 months but I personally think 2 years is a very good horizon to think about.

Q — Anant Kumar: How are you better than the competitors?

A — There are many competitors who provide a way to trade which we do not provide. We provide a way to invest in a portfolio, we provide a way to invest using easy and simple local payment methods, we provide a mobile experience using which you can invest quickly!

Q — Is Cryptocurrency safer than the Stock Markets?

A — There are risks in all kinds of investment, including cryptos, stock markets, or gold or property markets. So there is no definitive answer to which one is safer.

Q — What are the charges while investing in crypto using the B21 mobile app?

A — The charges are very well written on the website. The charges usually depend upon the type of payment method you are using.

Q — Shreyas: What’s in B21 for a professional trader?

A — The B21 app is not for trading, so for traders, there are many platforms available to help them in trading. The B21 app welcomes the investors in the crypto space and we are happy to take inputs and things which you feel that the B21 can do for your(crypto trading) community.

Q — Jayant Jadhav: How do bitcoin or b21 token gain value?

A — Anything gains value if we buy and sell them. Anything that has more demand and lesser supply, it gets value!

Q — Chitaranjen Nayackh: What is so special about B21?

A — When my father wanted to invest and asked me how can he invest in crypto, I had no answer to that because the exchanges have a very complicated interface. They wanted to start investing with a small amount, see how the industry grows and make money from the growth of the industry. That’s where we thought there is no easier way in the market for investing in cryptocurrency. With our platform, we made investing in 5 crypto coins using $25 look very easy.

We promised a Live Demo to our community in our last webinar and delivered it this time. We look forward to conducting more such webinars and will keep updating about it on all our Social Channels, so don’t forget to follow us.

Stay Safe. Invest Regularly.

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