VynkSafe claims to be the first decentralized crypto banking platform. The team aims to offer financial independence to users with the best rates on investments with the encrypted security of blockchain technology. Users’ funds will not be in control of any authority and are secured with the platform’s wallet. Also, users can earn a passive income via the interest offered. Some of the other advantages of the forum are cryptocurrency trading, 24/7 customer support, etc.  Thus, VynkSafe seeks to function as a fast and effortless system, replacing time-consuming traditional trading.

The platform also offers loans against collateral with a no-questions-asked policy DEX4 service to allow users to swap and trade tokens of their choice from those listed on the VYNKSAFE DEX platform3. 

The platform is made for individuals (who are curious to explore crypto), business owners (to avoid third-party commissions), traders (intending to earn a passive income, etc.), and shoppers (to cut out the high transaction fees while purchasing any products/services from the seller directly).

Moreover, VynkChain (VYNC) is the native currency of the VynkSafe platform and a Defi5 and utility token from VynkPay (a crypto payments application). The token6 is also integrated with readymade merchant acceptance. Further, the token operates as a peer-to-peer network, removing middlemen. The coin also functions as a governance token to give power to every individual present on the network through voting. Lastly, the VYNC token is developed on ERC20, BEP20, and TRC20 blockchains for security and scalability.

The platform was founded in 2020 by the VYNK Group. Meeravali Shaik and Ravikumar Reddy M. are the founders of the platform. Other prominent team members include Murali Krishna, Abhiram Avvaru, and Firoze Syed.

The token’s total supply is 99 million.