BankSocial (BSL) Coin Complete Detailed Review About BankSocial

What Is BankSocial (BSL) ?

BankSocial™ ($BSL) plans to socialize Lending for the world, implementing a social business that works on social capitalism. their vision is to be the first lending platform of its kind, built from the ground up, utilizing the Blockchain to share the value created in lending systems with the people who fund the loans.

BankSocial roadmap outlines our vision for building a first-of-its-kind socialized autonomous peer-to-peer funding network, secured by the Ethereum Blockchain, to create liquidity and reward all token holders interest, using BLOCKSCORE™ algorithm to analyze a member’s creditworthiness. The community becomes the lender and is rewarded for staying in the social pool by initially getting a 3% portion of all token sales. In the future, a share of all interest payments will be given equally to all token holders.

BankSocial (BSL) Point Table

Who Are The Founder Of BankSocial ?

………………………………………………………………………………..

Meet The Team :

BSL Price Live Data

BankSocial The live BankSocial price today is $0.000232 USD with a 24-hour trading volume of $1,090.99 USD. They update BSL to USD price in real-time. is down 5.37% in the last 24 hours. The current Coin Market Cap ranking is #6205, with a live market cap of not available. The circulating supply is not available and a max. supply of 20,000,000,000 BSL coins. If you would like to know where to buy at the current rate, the top cryptocurrency exchanges for trading

BankSocial stock are currently Bibox, PancakeSwap (V2), and Uniswap (V2). You can find others listed on crypto exchanges page. ™ is a first-of-its-kind Decentralized Financed (“DeFi”) peer-to-peer lending platform built on Ethereum. Initially, members will be encouraged to hold $BSOCIAL crypto by redistribution of all token sales. vision is to build a proprietary BLOCKSCORE™ social credit scoring system and social consensus lending pool, built with the security of smart contracts, to provide asset backed lending to the world. is by the people, for the people.

The Problem

BankSocial Current Monetary systems are troubled with antiquated thinking. They do not share the wealth. That’s why we created BankSocial.

The Economics

Redistribution – for the People!

Every time someone sells a unit of $BSL, all token holders are rewarded for staying in the bank with a 3% distribution of all tokens that are bought and sold. That means just by holding your coins, you keep building interest from the community. BankSocial will incorporate burns as needed. These will be controlled by the social consensus community.

How do we finance the lending? The Social Liquidity Pool – SLP

Another 4% of all token sales are added to the liquidity pool. This is where the real magic happens. When the social liquidity pool gets to a bankable level, which we’re currently anticipating at 50mm USD, will begin making first loans.

Bank Fees and Interest Repayment

BankSocial The secret sauce of how we’re helping to evolve the banking world is in how bank fees and interest payments are conducted. When someone repays their loan, the SLP will be reloaded with the principal portion of the payment. The interest portion of the payment is then made to all token holders. Best of all, there are no fees! What more could do!

$BSL Token

Social liquidity guarantees the pool share if the coin gets entirely cashed out. It’s a social safety net for an extreme bottom floor. You’re welcome! The BDIC (Blockchain Deposit Insurance Cooperative) guarantees there will never be $0 left in the coin. If 99.9% of the token holders believe the bank has gone defunct, the social consensus can vote to have the remaining liquidity issued back to all token holders. Because of this, your $BSOCIAL token will never be worthless. It’s genius

The $BSOCIAL token is the backbone of the BankSocial lending platform. The logic in the smart contract allocates 7% of all token sales to be redistributed for the network’s good. 3% redistributed directly to your wallet in the form of more tokens. The other 4% is tucked safely away in the social lending pool for future loans and interest repayments to all token holders. The Ethereum network secures the $BSOCIAL token via an open-source, verifiable ERC20 solidity contract which can be found on the blockchain at the following contract address: 0x0AF55d5fF28A3269d69B98680Fd034f115dd53Ac

Features :

Finance Is Inconvenient

BankSocial is a first of its kind digital finance platform, built from the ground up on the blockchain with the users as its core focus. The individual is paramount and believe that social capitalism will be the new way of economies evolving to support all users directly. For the first time ever, the systems are open. give this new way of finance to the world.

Slow And Expensive

• Wires take hours or, in some instances, days.
• Traditional finance has massive overhead and costs.
• Limits and restrains customer purchasing power.
• Reduction to business profitability and scalability.

Inconvenient

• There are still transactions that require in person action.
• Available capital is very expensive and hard to obtain.
• Not built from a mobile first perspective.

Lack Of Access

• Financial tools are still missing throughout much of the world.
• Processes are antiquated and burdensome reducing access.
• The unbanked and underbanked have poor options for financial service.

Faq Of BankSocial