A mission-driven team built Seashell with deep experience in tech, finance, web3, cybersecurity, and consumer verticals. Seashells were originally used as currency thousands of years ago. Today, the banking experience is bloated with middlemen and fees. Seashell uses modern technology to make money more accessible for everyone.
Now Seashell has completed a $6M seed round led by Khosla Ventures and Kindred Ventures, which also included Robinhood CEO Vlad Tenev, Shark Tank’s Mark Cuban, unicorn investor Elad Gil, former CFTC Chairman J. Christopher Giancarlo, Coinbase Ventures, and founders of Web3 projects including Terra, Solana, Avalanche, and Polygon.
A better flow of money back to your pocket is what we’re reimagining. To simplify smart money management, they build a consumer-first, modern banking and investment experience.
About Seashell
“At Seashell, we’re reimagining how money moves so you can earn high, stable interest. By focusing on compliance first, Seashell provides the easiest and most secure way to earn high, stable interest.” Seashell is reimagining how money flows by using modern technology to build consumer-friendly products.
Users of Seashell Save can earn up to 10% interest on their cash, generating meaningful returns that can outpace inflation-driven price rises. It emphasizes simplicity and convenience for the everyday user.
Why are investors searching for Seashell crypto?
Seashell crypto is in high demand since it is a blockchain-based financial technology (fintech) startup that deals with Web 3.0 and Defi. With the announcement of Seashell Save, Seashell is attracting users by offering them interest rates of up to 10%.
Over the past year, inflation has increased by more than 7%. As a result, consumers are seeking alternative bank interest rates. Mark Cuban reportedly suggested consumers use Seashell Save to beat inflation.
According to Seashell’s website, users can earn yields simply and securely. Seashell Save automates managing money and allows users to transfer money and earn interest.
Seashell offers up to 10% interest on cash deposits with no fees, no minimum balances, and you can withdraw funds at any time.
Seashell offer: $10 Waitlist Bonus + $10 Sharing Bonus
Seashell offers a limited-time $10 welcome bonus to each person who joins the Seashell Waitlist. This reward will immediately start earning interest and will be credited to your account upon identity verification.
Also, once you’re on Seashell’s waitlist, you can earn $5 for retweeting Seashell, $3 for the following Seashell on Twitter, and $2 for the following Seashell on Instagram, plus you’ll be given a unique URL to share with your friends and move up your position on the waitlist.
Also Read: List of other Signup bonus offers
How does Seashell Work?
When you deposit money with the bank, the bank lends that money out to people who need it-think mortgages, student loans, etc. The borrowers pay interest fees on the loans, and you get a portion of those fees back (after the banks take their cut). Despite today’s very low-interest fees for borrowers, your actual interest rate will be even lower–the national average savings account interest rate is 0.06%.
Seashell Save works in a similar way, but we invest your money in a diversified strategy, partly in safe-haven assets like gold and partially in dollar-pegged digital assets that attract borrowers willing to pay higher interest rates. As a result, your money generates interest of up to 10%, leaving you with more cash in your pocket.
Seashell protects your savings by offering high and stable returns
Bottom line
Seashell says people who founded it have experience in cryptocurrency, cybersecurity, finance, Web 3.0, and technology. As it aims to take decentralized finance infrastructure forward, it provides services without the need for intermediaries and fees.
Daryl Hok, founder, and CEO of Seashell says that higher interest rates do exist, but they are difficult for the average consumer to access. Seashell is not the first startup offering higher yields. earlier, BlockFi announced returns of nine percent on Bitcoin and other cryptocurrencies on an easy-to-use platform.
However, BlockFi became controversial after a number of regulators accused it of violating securities law.
FAQ on Seashell
What is Seashell Save?
Your savings have a new home with Seashell Save. Your cash can earn a high and stable interest rate with Seashell Save. Upon connecting your bank account and depositing funds into Seashell, your money will immediately begin earning interest.
How does Seashell determine interest rate?
In order for Seashell to calculate your interest rate percentage, it uses a number of factors, such as how much money you’ve deposited and how long you’ve had an account with Seashell.
As you use the Seashell app, you will be able to grow your money faster through promotions and additional actions, such as setting up direct deposits.
is there any benefit to being on Seashell’s waitlist?
Seashell is offering a limited-time $10 sign-up bonus to those who join the waitlist. The sign-up bonus will earn interest right away and be made available through the Seashell app.
Additionally, you’ll receive a unique URL to share with your friends once you’ve been placed on Seashell’s waitlist. The more you share, the more money you can earn.
What does a Seashell offer?
Seashell offers up to 10% interest on cash deposits, has no fees, no minimum balances, and you can withdraw funds at any time.
Does Seashell Cost anything?
Seashell is free to download and set up for everyone. There is no charge. There is no minimum balance. There is no catch.
