About BankSocial
BankSocial™ 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. Our 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.
Trading Insights
Searched
149
Market Stats
Market Cap
Not enough data
FDV
£14.55M
Circ. Supply
Not enough data
Max Supply
20B BSL
Total Supply
15B BSL
Diluted Valuation
£7.31M
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
£108.93K
274.1%
Volume (7D)
£798.95K
Volume (30D)
£3.30M
All time high
£0.0054
Price Change (1Y)
21.48%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The price of BankSocial has decreased by 1.08% in the last hour and increased by 15.44% in the past 24 hours. BankSocial’s price has also risen by 27.03% in the past week. The current price is £0.000727 per BSL with a 24-hour trading volume of £108.93K. Currently, BankSocial is valued at 86.58% below its all time high of £0.0054. This all-time high was the highest price paid for BankSocial since its launch.
The current circulating supply of BankSocial is 0 BSL which means that BankSocial has as total market cap of £0.00.
Market details
BSL vs markets
↘ 24.82%
BSL vs BTC
↘ 34.42%
BSL vs ETH
↗ 23.83%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x0AF55d5fF28A3269d69B98680Fd034f115dd53Ac | |
BNB Smart Chain | 0x0AF55d5fF28A3269d69B98680Fd034f115dd53Ac | |
Hedera | 0x000000000000000000000000000000000043a076 | |
Hedera | 0.0.4431990 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.000727 | ↗ 15.44% |
1 Day | £0.000632 | ↗ 15.44% |
1 Week | £0.000565 | ↗ 27.03% |
1 Month | £0.000317 | ↗ 126.70% |
1 Year | £0.000621 | ↗ 21.48% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
BankSocial (BSL) is a peer-to-peer social agreement lending platform that aims to revolutionize the usage of blockchain for lending. As per the whitepaper, the platform claims to be secured by the Ethereum blockchain. The vision is to be the first lending platform built from the ground up to share the value created in lending systems with the people who fund the loans.
According to the whitepaper, traditional systems are troubled with outdated thinking. The system doesn't share the wealth. BankSocial's community-driven approach to borrowing aims to replace old lending practices by rewarding staked community members for financing loans.
BankSocial's funding network continually seeks to create value for the members, known as token holders, and utilizes BLOCKSCORE technology to determine borrower creditworthiness. A borrower's BLOCKSCORE is used to assess the borrower's eligibility to receive asset-backed loans for home mortgages, automobiles, small businesses, real estate, and other collateralized lending products. In addition, the token holders approve loan requests through a next-generation tokening consensus system, thus truly decentralizing the lending system.
Furthermore, the economics of the platform includes redistribution for the people. According to the whitepaper, redistribution means every time someone trades a BankSocial (BSL) token, all token holders are rewarded for staying in the traditional system with a 3% distribution of all traded tokens. By holding tokens, users keep building yield from the community.
The BankSocial (BSL) token aims to be the backbone of the BankSocial lending platform. The logic in the smart contract allocates 7% of all token sales redistributed for the network's good. For example, 3% is redistributed directly to users' wallets in more tokens. The other 4% is tucked safely away in the social lending pool for future loans and yield repayments to all token holders. The Ethereum network secures the BSL token via an open-source, verifiable ERC20 solidity contract.
The BankSocial roadmap outlines the vision for building a first-of-its-kind socialized autonomous peer-to-peer funding network to create liquidity and reward all token holders.
The platform's team includes John R. Wingate, founder and CEO, Alireza Dehghan, the COO, and Eric Wingate, the CTO. Furthermore, the team launched the BankSocial website and the Ethereum ERC20 token BSL in Q1, 2021.
We update our BankSocial to GBP currency in real-time. Get the live price of BankSocial on Coinbase.
The current market cap of BankSocial is £0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of BankSocial is £0.0054. This all-time high is highest price paid for BankSocial since it was launched.
Over the last 24 hours, the trading volume of BankSocial is £108.93K.
Assets that have a similar market cap to BankSocial include Evmos, Taxa Token, Archway, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of BankSocial is 0.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
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