The Earn Account is an investment account into which members can deposit money and get a 5% annual yield in return. Members keep the original amount invested plus the yield generated as a bonus. Earnings are automatically added to the Earn Account every week. Members can withdraw their money at any time. We recommend keeping your money in the Earn Account to accumulate compound interest and earn even more in the long term.
What is the Prize Account?
The Prize Account is a prize-linked account where all members generate yield collectively. The yield is raffled and distributed randomly to a pool of winners once a week. Yield starts being generated immediately after the current week’s raffle. Members keep the original amount they invest regardless of whether they win or not.
Can I earn money simultaneously with the Earn Account and the Prize Account?
You are flexible and can allocate your money to either account separately or both at the same time. Imagine you deposit 500 euros. You could deposit 100 euros in your Earn Account and 400 euros in your Prize Account. You could also deposit 250 euros in your Earn Account and 250 euros in your Prize Account. You are free to choose.
How does Rand make money?
We generate yield with the money our members deposit in their Prize & Earn Accounts. We use Web3 and AI technology to deploy market-neutral trading strategies like margin lending, market-making, and basis trading. These are managed under a strict risk management policy framework where the capital is fully collateralized and deployed in a market-neutral way to protect funds from any market risk or volatility.
Can I withdraw my money whenever I want?
You can withdraw your money whenever you want. However, keep in mind that withdrawing money from your Earn Account means that you generate less yield and will get a smaller bonus. Similarly, taking money out of your Prize Account in between weekly raffles significantly reduces your chances of winning. If you don’t have any money at all in your Prize Account you will not be eligible to participate in the weekly prize distribution.
How does Rand protect my money?
At Rand, your security is our number one priority. Every cent you add to your checking account is secured by banking infrastructure. The money that you deposit in your Prize and Earn Accounts is managed under a strict risk management policy where the capital is fully collateralized and deployed in a market neutral way to protect funds from any market shift.
Take a look at Rand's helpcenter for the complete set of FAQs
What is Rand Pro?
From the inception of Rand, our unwavering commitment has been to align our objectives seamlessly with those of our users. A prime illustration of this commitment is evident in our Earn and Prize accounts, where we only generate revenue if the users earn interest beforehand.
In a groundbreaking innovation, the RND token takes center stage as the exchange currency in Europe's pioneering tokenized subscription system! In contrast to other fintech companies or neobanks that demand subscription fees for premium access, Rand offers users the ability to reach the Pro level by acquiring tokens on a recurring basis. Our system transforms the traditional subscription, typically considered an expense, into a transaction of value. Users can exchange Euros for RND tokens each month, converting them into token holders rather than mere subscribers to a paid service. After utilizing them to access the subscription, the tokens are securely locked for two years, during which they can be sold, sent, or exchanged, but ownership remains to the user.
Can I earn tokens within the app?
Yes! You have the opportunity to earn tokens by completing specific challenges within the app, designed to reward our loyal users. These tokens not only grant you access to Rand Pro but also empower you to actively contribute to the expansion of the Rand ecosystem. You can access these challenges through the rewards center located in the top right corner of the application. They include referring friends, maintaining an invested balance for a a given period of time, or completing some of our surveys.
How can I get the extra tokens I need to become Rand Pro?
You can acquire RND tokens at no cost by successfully completing challenges in the rewards center. However, in the event that the earned tokens fall short of covering your membership costs, you have the option to purchase the additional tokens in the "market" section within the RND tab in the app. You can buy RND tokens using your credit or debit card or the funds you already have in your checking account. After using your tokens to access Rand Pro, these will remain yours but will be temporarily restricted from transfer for a duration of two years
When are my Rand Pro tokens unlocked?
You will only be able to access Rand Pro by using your tokens as means of payment. Therefore, all users who wish to become Pro will need to use their earned RND tokens, or buy them in case they do not have a sufficient amount to pay for the subscription. When you use RND tokens to access Rand Pro, these remain yours but are temporarily restricted from transfer for a duration of two years. Subsequent to the two-year lock-in period, you regain the freedom to once again employ these RND tokens for Rand Pro payments, transfer them, or sell them according to your preferences.
Take a look at Rand's helpcenter for the complete set of FAQs
Rand Protocol SL is a company registered in Spain with company number B42893925. Registered office Plaça Pau Vila, number 1, office 2A2, 08039 Barcelona. Rand Protocol SL, is a company registered with the Bank of Spain under registration number D697 for the provision of crypto-asset custody and exchange services. The registration does not imply any approval or verification of the activities carried out by providers of virtual currency-to-fiat currency exchange services and electronic wallet custody services by the Bank of Spain.
Nothing on this site is a recommendation to invest. Rand does not offer financial advice. If you are unsure about investing we encourage you to speak to a financial advisor. Your capital is at risk.
Rand Protocol SL is providing you access to the services of its partner, Pecunia Cards EDE SLU, a company registered in Spain with company number B86972346, which is authorised and regulated by the Bank of Spain as an Electronic Money Institution (Firm Reference Number: 6707) for the issuance of electronic money and payment services. Your account and related payment services are provided by Pecunia Cards EDE SLU and your funds will be held in one or more segregated accounts and the full value safeguarded in line with art. 21.1 a) of Spanish Real Decreto-ley 19/2018, de 23 de noviembre, de servicios de pago y otras medidas urgentes en materia financiera.– for more information please see here.