Bit2Me, a leading Spanish cryptocurrency platform, has announced the launch of Bit2Me Earn, a new service that offers rewards of up to 20% in the form of cryptocurrencies to crypto holders on the sole condition that they transfer and store them. Bit2Me Earn will be available starting on January 1st, 2022.
Initially, Bit2Me Earn will be available for use with cryptocurrencies including B2M (Bit2Me native token), Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), USD Coin (USDC), and Tether (USDT). The range of cryptocurrencies is intended to be expanded over the coming months.
The service functions with cryptocurrencies, including stablecoins, and is completely free of charge with the freedom to withdraw or add cryptocurrencies at any time. Bit2Me Earn brings up to 20% in rewards in traditional cryptocurrencies and up to 300% annual percentage yield (APY) in B2M, the native cryptocurrency originated for the Bit2Me ecosystem.
It is a service similar to cryptocurrency staking, a concept that refers to the action of holding crypto coins in a wallet to support the security and operations of a blockchain network. In exchange for this, the user receives rewards in cryptocurrencies.
CEO of Bit2Me Leif Ferreira commented:
“Bit2Me has incorporated two key figures in the industry, the former President of Mastercard, Baldomero Falcones and the former CEO of Coinbase Europe, Zeeshan Feroz. Together with them, we designed the best service in the world in this aspect. A complete service with which, unlike the competition, users can literally generate cryptocurrencies with one simple click, without doing anything. Just by storing their cryptocurrencies in the Bit2Me wallet. All this is offered by Bit2Me, a European company, transparent, with telephone support in seven languages, and the possibility of adding funds in cryptocurrencies but also by bank transfer and card from more than 110 countries around the world. We are really proud of the result achieved by our team of more than 150 people. And this is just the first version of the service.”
Staking With B2M
During the public token sale launch of its B2M token this summer, Bit2Me raised €17.5 million, plus €2.5 million in an earlier private round. This total of €20 million will be invested in the growth of the company.
All Bit2Me users staking with the B2M token will be automatically participating in the B2M Farming Pool. This feature allows users to generate greater rewards with their tokens. In addition to staking, B2M holders can access other benefits just by keeping their tokens on the platform. For example, B2M allows users to access bonuses of up to 90% on fees for operations within the Bit2Me platform.
Likewise, the company’s utility token will allow its holders to participate in governance consultations and will unlock new features and utilities within the platform over the coming months. B2M will also integrate with the Mastercard cryptocurrency debit card, which is soon to be launched.