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 $BSOCIAL crypto by redistribution of all token sales. Our vision is to build a proprietary BLOCKSCORE™ social credit scoring system and social consensus lending pool, built with the security of smart contracts, to provide asset-backed lending to the world. BankSocial is by the people, for the people.
BankSocial™ ($BSOCIAL) plans to socialize Lending for the world, implementing a social business that works on social capitalism. Our 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.
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.
Website: https://banksocial.io/ (white paper on website)