Finblox: A guide to the new kid in town

Finblox: A guide to the new kid in town

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Mike
Mike

An editor at Coincrop


21 Apr 2022 | 5 min read
36,849 views

F

inblox is a new high yielding savings app that allows you to earn interest on your digital assets. The company pays an impressive 15% APY on stablecoins.

In this guide:

Disclaimer: All of the information written on Coin Crop is without influence and based on our analysis. No guarantee is offered concerning the accuracy of this information and therefore, any individual following up on it does as such completely at their own risk. Rates are correct at time of publication.

What is Finblox?

Given the wider stagnation in the cryptocurrency markets together with rising interest rates and geopolitical concerns, investors are increasingly looking for better returns on their assets. This has led to the growth of organizations that offer high yields on well known cryptocurrencies.

These returns (upwards of 90% in some cases) compare incredibly well when you consider the low rates of interest on traditional bank savings accounts that fail to even surpass inflation.

Interest can be earned on over 15 digital assets including stablecoins, Bitcoin, Ethereum etc.

Who are Finblox?

Finblox is Hong Kong based company that was started by Dmitriy Paunin and Peter Hoang. Both individuals have prior management experience in the finance and cryptocurrency sectors.

Finblox Founders

The company has raised $3.9 million in funding rounds from the following investors:

- Sequoia

- CoinFund

- Dragonfly Capital

- Three Arrows Capital

- Emfarsis

- First Check Ventures

- Saison Capital

- Venturra Discovery

- Kyros Ventures

- Ratio

- MSA

- Orange DAO

The list of investors and capital raised is notable as it should provide some reassurance as to the stability of the company and safety of your assets.

How much can I earn?

The following table illustrates the rates of return that can be earned on your assets deposited with Finblox. Note, interest rewards are paid in the same asset as the deposit asset.

Deposit assetsReward assetsAPY Rate
Deposit Axie Infinity

Axie Infinity (AXS)

Earn Axie Infinity

Axie Infinity (AXS)

90.0%

Flexible

Deposit Polygon

Polygon (MATIC)

Earn Polygon

Polygon (MATIC)

20.0%

Flexible

Deposit USD Coin

USD Coin (USDC)

Earn USD Coin

USD Coin (USDC)

15.0%

Flexible

Deposit Tether

Tether (USDT)

Earn Tether

Tether (USDT)

15.0%

Flexible

Deposit Samll Love Potion

Samll Love Potion (SLP)

Earn Samll Love Potion

Samll Love Potion (SLP)

10.0%

Flexible

Deposit NEAR Protocol

NEAR Protocol (NEAR)

Earn NEAR Protocol

NEAR Protocol (NEAR)

10.0%

Flexible

Deposit Polkadot

Polkadot (DOT)

Earn Polkadot

Polkadot (DOT)

10.0%

Flexible

Deposit Solana

Solana (SOL)

Earn Solana

Solana (SOL)

8.00%

Flexible

Deposit Avalanche

Avalanche (AVAX)

Earn Avalanche

Avalanche (AVAX)

8.00%

Flexible

Deposit XSGD

XSGD (XSGD)

Earn XSGD

XSGD (XSGD)

6.50%

Flexible

Deposit Bitcoin

Bitcoin (BTC)

Earn Bitcoin

Bitcoin (BTC)

5.75%

Flexible

Deposit Ethereum

Ethereum (ETH)

Earn Ethereum

Ethereum (ETH)

5.75%

Flexible

Deposit The Sandbox

The Sandbox (SAND)

Earn The Sandbox

The Sandbox (SAND)

5.00%

Flexible

Deposit BNB

BNB (BNB)

Earn BNB

BNB (BNB)

5.00%

Flexible

Deposit Dogecoin

Dogecoin (DOGE)

Earn Dogecoin

Dogecoin (DOGE)

3.50%

Flexible

How is customer support provided?

Customer support is provided by emailing support@finbloxapp.com

How are my assets kept safe?

Investors and their assets are protected in two ways: Digital asset custodian Fireblocks secures and insures assets. Crypto insurance platform Coincover also plays a role in protecting the platform.

Finblox FAQs

Reward yields are paid every 24 hours. This is based on your account balance that existed 24 hours prior.

Finblox pays upto 250 USDC for each new individual that you refer and that signs up to Finblox. There is no limit to the number of referrals. The amount of referral money earned is dependent on the amount deposited and how long the deposits are held.

Customers in Vietnam, Philippines, Indonesia, Thailand and Malaysia are able to deposit USDC directly into a USD bank account.

Finblox can be accessed from either the Android or iOS apps.

Finblox does not charge any fees. However, you may incur transaction fees when transferring assets into Finblox that are charged by an external blockchain or exchange.


Mike

Mike

An editor at Coincrop
View articles

Mike is a Crop Crop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely putting his latest car project back together.


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