A step-by-step guide to depositing /withdrawing CROWNs to/from the Bank

GangstaVerse
2 min readAug 19, 2022

--

CROWNs can be deposited in the Bank. When you deposit CROWN in the Bank, you will receive xCROWN. The Bank will receive a certain portion of fees from all the market activities in the Emerald City ecosystem which the stakers will be able to earn. There will be a periodic market buy for CROWN tokens which means that the xCROWN will always be more than the deposited CROWN. 10% of all CROWN and marketplace transactions will be deposited into the Bank. The deposits and fees can be withdrawn instantly.

To Deposit:

  1. Click on the Deposit button and enter the amount of CROWN you want to deposit in the bank.
  2. The amount of xCROWN you will get (in real-time) will be displayed below the entered amount.
  3. Confirm Deposit.

To Withdraw:

  1. Click on the Withdraw button and enter the amount of xCROWN (NOT CROWN) you would like to withdraw.
  2. The amount of CROWN you will be receiving will be displayed below the entered amount.
  3. Confirm Withdraw.

--

--

GangstaVerse
GangstaVerse

Written by GangstaVerse

🕵️ Next-gen digital collectible on ICON transitioning into a Web3 game — https://gangstaverse.co/