At Rand, we've revolutionized the traditional savings account to offer you a way to earn more on your savings compared to conventional accounts. Instead of relying on old-fashioned methods like investing in government bonds, we harness the power of blockchain technology. Think of blockchain as a sophisticated, digital method for transferring and saving money that's not only faster but also less expensive than using traditional banks’ infrastructure.
Upon depositing funds into the Earn or Prize account, your capital is strategically allocated to delegate liquidity for the validation of blockchain transactions across distributed ledgers. Acting as "validators," our role involves verifying and confirming capital movements to ensure the continuous accuracy of the ledger. Every time a transaction occurs on a blockchain, a nominal fee is incurred. As a reward for maintaining the ledger's integrity, we, in turn, receive a portion of these fees. The majority of this revenue is returned to you, as your savings contribute to the smooth operation of the blockchain, in the shape of the 5% Annual Percentage Yield (APY). The rest of the revenue is retained by Rand to cover operational costs and remain profitable.
We ensure this entire process is secure and reliable by partnering with trusted companies specializing in blockchain security and operations. Moreover, your capital is deployed in a manner that neutralizes market risks and volatility. Thus, your funds are shielded against potential price fluctuations in blockchain assets.
This innovative approach enables you to earn more on your savings without needing to understand the complex details of blockchain technology. With your help, we are changing the landscape of high-yield savings accounts from being fueled by traditional investments to being powered by the maintenance of new, efficient financial technologies.
For those curious about the specifics of how validators work and the concept of staking, we encourage you to explore our blog
. Our monthly transparency report
is also available for those interested in gaining a deeper insight into our operations and how they enhance high-yield savings.