What is BONSAI BANK from Bonsai Coin?

2025-07-01

Bonsai Coin has introduced a feature called BONSAI BANK, designed to serve as its official staking service. This initiative aims to expand the use of Bonsai Coin by encouraging holders to deposit their tokens and gain access to utilities tied to bonsai ownership.

While this concept sounds interesting at first glance, it is essential to understand what BONSAI BANK offers, how it operates, and the potential risks involved before considering participation.

What is BONSAI BANK and how does it work?

BONSAI BANK was launched in May 2025 as an official staking service for Bonsai Coin holders. Essentially, it allows anyone with Bonsai Coin to deposit their tokens for a fixed period of one year. During this time, holders cannot withdraw their deposited coins.

In return, participants gain access to a range of benefits, known as “utilities,” offered at different times throughout the year.

For example, the platform offers the BONSAI 100 Ketsu utility, where the top 100 wallets with the highest deposits receive a bonsai plant. Snapshots for this occur at the end of March and September each year. Delivery is limited to countries such as Japan, Thailand, Singapore, South Korea, Taiwan, Hong Kong, the United Kingdom, and the United States.

Additionally, there is the Bonsai Descent lottery, held annually at the end of December. All depositors are eligible to participate, and winners receive a large bonsai plant as a symbolic “lucky” gift for the upcoming year.

Another utility is the Ecosystem Return, calculated based on the project’s performance from July of the previous year to June of the current year. Finally, participants receive a New Year’s Gift, which is distributed based on their activity and deposits during all snapshots of the year.

To use BONSAI BANK, users visit its official website, connect their wallet, and deposit any amount of Bonsai Coin. However, it is important to note that these deposits are locked for one year without early withdrawal options.

Rankings for the top depositors are updated daily on a dedicated site, allowing participants to track their standing if they are aiming for the top 100 slots.

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What are the goals and benefits of BONSAI BANK?

The primary goal of BONSAI BANK is to reduce the hurdles for Bonsai Coin holders to participate in its utilities. Previously, such utilities required liquidity provision, which was technically challenging for many users. BONSAI BANK simplifies this by allowing participation through straightforward deposits.

Another goal is to make the annual schedule of benefits clearer for the community. With the first anniversary of Bonsai Coin approaching in July 2025, BONSAI BANK aims to keep participants informed about upcoming snapshot dates and utility distributions, enabling them to plan their deposits confidently.

From a strategic perspective, BONSAI BANK also serves to reduce the market supply of Bonsai Coin. When coins are locked for a year, they are temporarily removed from active circulation. This reduced supply, combined with increased demand from staking participation, could theoretically support the token’s value if the project gains further adoption.

For the Bonsai Coin team, BONSAI BANK is a method to expand awareness of the token by linking its usage with real-life bonsai plants and cultural utilities. The slogan, “We make Bonsai,” reflects this ambition to merge crypto staking with the appreciation of traditional bonsai art, bridging digital and tangible experiences for their community.

Should you use BONSAI BANK? A note of caution

Although BONSAI BANK appears to be an innovative approach to staking with real-world utilities, there are significant points to consider before participating. Firstly, the deposits are locked for a full year, with no option for early withdrawal. This poses liquidity risks if market conditions change or if you need to access your funds for other opportunities.

Additionally, while BONSAI BANK promises various utilities, these are subject to regional limitations and availability. For example, the bonsai delivery is only available in certain countries, which may exclude potential participants from receiving these rewards.

Most importantly, at the time of writing, the whitepaper for Bonsai Coin is not accessible on its official website.

This lack of transparency raises concerns, as potential users cannot review the full technical and economic details of the token or BONSAI BANK before committing their funds. Investing or staking in any crypto project without reviewing its whitepaper is generally not recommended, as it limits understanding of tokenomics, governance, risks, and long-term plans.

In crypto, caution is vital. Before using BONSAI BANK, ensure you have read all available information, understand the project team’s credibility, and evaluate the risks of locking your coins for an entire year.

Remember that while BONSAI BANK offers unique bonsai-related rewards, it does not guarantee returns in fiat or crypto value, and participation is purely voluntary.

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Conclusion

BONSAI BANK is an official staking service by Bonsai Coin, allowing users to deposit their tokens for one year to gain access to various bonsai-themed utilities and gifts. Its goals include simplifying utility participation, clarifying annual schedules, and increasing token demand by reducing market supply.

However, the absence of an accessible whitepaper, along with the lock-up risks and limited delivery regions, are crucial considerations. Always exercise caution, conduct thorough research, and seek independent financial advice before participating in any staking service, including BONSAI BANK.