Honesty Bank: Steem's New Banking Solution for Viral Mainstream Adoption (Addendum)
Honesty Bank's beta revenue stream is fast & simple: (1) Keep client wealth in Steem Dollars (2) Pay clients the first 0.5% per month of profit (3) Advertise consistent gains & 100% liquidity.
Absolute Minimum Viable Product
IFF #honestybank is unable to raise funds necessary to establish banking permits, we will establish a beta revenue stream by financially investing funds into Steem Dollar. We can guarantee that our clients earn at least 0.5% gains each month (totaling 6% apr), or we don't take a fee. Our investments will always remain liquid so that investors may pull their money out at any time & receive their funds.
Revenue Stream
After clients earn 0.5% each month, Honesty Bank will collect 90% of the gains made thereafter.
Target Market
Our primary target market during beta will be active crypto currency traders. This initial global network will be our sole priority for at least 3 months until statistical data is gathered. Visualizing this data will be used promote the Honesty brand & consistency.
Thank you @lpfaust! You immediate questions have sparked further solutions to our MVP.
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