Bonq is a non-custodial, decentralized and over-collateralized lending platform that solves four critical problems for projects and protocols that have a token: 

• Allows them to borrow against their own tokens at zero interest rate 
• Creates deep liquidity solution without the need to incentivize or pay the other side of the liquidity pool 
• Offers sustainable yields to their community members holding tokens in a safe and secure environment 
• Allows Treasuries to de-risk and create a smart capital allocation.

Users can access the liquidity of their own digital assets by locking them up in a trove, which is a smart contract controlled only by the users, and mint a low volatility payment coin BEUR, pegged to the Euro.

BNQ utility token is used to monetize the value of Bonq’s ecosystem of partners, business clients and end-users. The value that comes from the Bonq platform is returned to the BNQ token holders. The utility of the BNQ token includes:

• Free or discounted usage of the platform and value added services
• For crypto projects, the ability to whitelist a token as collateral
• Participate in governance 
• Ability to automatically repay BEUR debt with cashbacks.