BankSocialBSL
Convert BSL to your currency
Last Updated on Oct 04, 2025 03:49 AM
What is BankSocial?
About the coin
BankSocial™ is a pioneering decentralized finance (DeFi) platform that focuses on peer-to-peer lending. Built on the Ethereum blockchain, it aims to revolutionize the lending industry by leveraging the power of smart contracts and blockchain technology. The platform encourages users to hold its native cryptocurrency, $BSOCIAL, by redistributing the proceeds from token sales back to the community.
Main features
One of the standout features of BankSocial™ is its proprietary BLOCKSCORE™ social credit scoring system. This innovative system is designed to assess the creditworthiness of users in a decentralized manner, ensuring that lending decisions are made based on reliable and transparent data. Additionally, the platform plans to establish a social consensus lending pool, which will further enhance the security and reliability of its lending services.
How it works
BankSocial™ operates by utilizing smart contracts to facilitate secure and transparent lending transactions. Users can participate in the platform by holding $BSOCIAL tokens, which not only provide them with potential financial benefits but also play a crucial role in the platform's governance and decision-making processes. The asset-backed lending model ensures that loans are provided with adequate security, minimizing risks for both lenders and borrowers.
Wallet for BankSocial
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Tangem supports networks for BankSocial
- Ethereum
- Bnb Smart Chain
- Hedera Hashgraph
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BankSocial FAQ
- Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
- A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
- When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
- BankSocialleverages the Hedera Hashgraph network to build a secure and efficient web3 platform for credit unions. Hedera's speed, scalability, and low transaction fees empower credit unions to offer members a user-friendly gateway to digital assets, lower fees, and a more inclusive and intuitive financial experience.
- BankSocial® isa passionate team of credit union and DLT experts, building an Open Banking platform that merges the world of credit unions and traditional finance with the world of Web3 and DeFi.
- A cryptocurrency, crypto-currency, or colloquially, crypto, isa digital currency designed to work through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.
- BankSocial (BSL) isa 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.
How to secure BankSocial with Tangem Wallet?
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Why choose BankSocial wallet with Tangem.
Private. No registration and KYC required to use the app. We don't track your data.
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