Bavala Frequently Asked Question – Bavala
We have come to realize that people have been asking the same question. Therefore, we have decided to collect and compile a choice of the most frequently asked questions about Bavala. Throughout this article, you will be able to find answers to many of your questions about us. This article may be updated every now and then, so be sure to bookmark this story. If this article couldn’t answer your question, you may visit to our FAQ page on our website, www.bavala.com or drop us a message via Telegram or support@bavala.com.
Q: What can I do on Bavala.com?
(i) Instant Swap: Between BVA, BGT, BTC, ETH, XRP, BCH
(ii) Earn Rewards: BVA holders may stake their BVA and receive interest from all product offerings on Bavala.com
(iii) Purchase instant gold: By purchasing BGT, users are directly purchasing physical LBMA gold stored in our partner vaults.
(iv) Apply for and manage your Bavala Debit Card powered by BFN (2020)
Q: What can I do with BVA?
A: Stake for rewards. Swap with other cryptocurrencies. Vote for future product listings on bavala.com. Transfer to anyone who has an Ethereum wallet.
Q: What is Staking?
A: Staking is a mechanism in which BVA holders choose an amount of BVA to be locked in the Staking Rewards, and in turn, receive rewards payouts every quarter based on the #. Of BVA staked.
Q: What is a Staking Rewards?
A: A portion of all proceeds generated on bavala.com is channeled to Staking Rewards. The accumulated value in the Staking Rewards can only be redeemed by BVA holders who has ‘staked’ or locked their BVA in the pot.
Q: Is BGT real gold?
A: Each BGT is backed by exactly 0.1gram LBMA certified gold stored in our partner vaults. We believe BGT is natural evolution of owning physical assets represented by cryptocurrencies.
Q: Can I withdraw physical gold with BGT?
A: Yes, though this option will only be launched in Q4 2019. BGT holders who wishes to withdraw physical gold, will need to pass certain KYC levels.
Published at Fri, 19 Jul 2019 04:57:36 +0000
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