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.
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Trading Insights
Searched
39
Market Stats
Market Cap
Not enough data
FDV
₹718.42M
Circ. Supply
Not enough data
Max Supply
20B BSL
Total Supply
15B BSL
Diluted Valuation
₹359.19M
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
₹1.42M
15.18%
Volume (7D)
₹9.97M
Volume (30D)
₹39.46M
All time high
₹0.63
Price Change (1Y)
-61.01%
Additional details
Recent trends
The latest BSL price is ₹0.0359. Compared to BankSocial's value of ₹0.04 from 24 hours ago, there's been a 2% increase, while the current price is -11% down from ₹0.04 which was recorded one week ago. BankSocial's all time high is ₹0.63, which was reached on January 26, 2024. This is a -94% change from its price today.
The fully diluted valuation of BankSocial is ₹718.42M. The diluted valuation of BankSocial is ₹718.42M.
Market details
BSL vs markets
↘ 71.93%
BSL vs BTC
↘ 76.05%
BSL vs ETH
↘ 45.35%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x0AF55d5fF28A3269d69B98680Fd034f115dd53Ac | |
BNB Smart Chain | 0x0AF55d5fF28A3269d69B98680Fd034f115dd53Ac | |
Hedera | 0x000000000000000000000000000000000043a076 | |
Hedera | 0.0.4431990 |
Price history
Time | Price | Change |
|---|---|---|
Today | ₹0.0359 | ↗ 1.54% |
1 Day | ₹0.0354 | ↗ 1.54% |
1 Week | ₹0.0404 | ↘ 11.47% |
1 Month | ₹0.0327 | ↗ 8.29% |
1 Year | ₹0.0889 | ↘ 61.01% |
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According to the whitepaper, traditional systems are troubled with outdated thinking.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 INR 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 ₹0.63. 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 ₹1.42M.
Assets that have a similar market cap to BankSocial include Wrapped MistCoin, SAFU, Pett.AI, 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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