June 10, 2021 by Crypto Miners

CRYPTO MINERS × BANKSOCIAL

Venue : @Crypto_miners_Community
Date : 10 th June, 2021
Time : 3 PM UTC

Guest : Mr. PresidentHodl ( CEO at Bank Social)
Mr. PresidentHodl shared with us a well detailed insight into the Project and Unique features of Bank Social…

SEGMENT 1️⃣ - INTRODUCTION

👋Hello Chat ,Welcome to a special AMA session with Bank Social🔰

Chat please welcome @presidenthodl from Bank Social🔰

PresidentHodl | BankSocial

Thanks for having me!

PresidentHodl|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. BankSocial is by the people, for the people.

Also soon to be launched on Binance Smart Chain to be multi chain

It works by creating a liquidity pool that is used to lend from for asset backed loans.

WOLVERINE | CRYPTO MINERS

PresidentHodl | BankSocial

The main features are that we are the first block chain solution to provide on chain asset backed lending. Being first to market gives us a significant competative advantage.

WOLVERINE | CRYPTO MINERS

PresidentHodl | BankSocial

Changing the way the structure of financial systems work. By turning the system on its head, we can change the financial model to be one of social capitalisim, where all stakeholders benefit from the value staked. Instead of traditional capitalism models.

WOLVERINE | CRYPTO MINERS

Q4. How has the experience and background of your team been effective in the success of your project so far?

PresidentHodl | BankSocial

Our team has been great to this point, and we keep changing the members to best align with our goals. Our extensive experience across tech and other industries ensures that we have the ability to move quick and change the landscape.

WOLVERINE | CRYPTO MINERS

Q5. Could you please provide some progress on your Roadmap and what results Bank Social has achieved so far? And any sneak peek into 2021 plans for BankSocial?

PresidentHodl | BankSocial

We have already completed all items in our Phase 1 roadmap and several others in Phase 2. We already have out wallet in development and are ready to launch several more aspects of our roadmap much quicker than other tokens have in similar positions.

We have our social consensus lending platform on the way - as well as our blockscore system for checking credit worthiness.

SEGMENT 2️⃣ - Live Q & A
Q1) From @dinkan_jnr

Most of the projects now a days do burning !!
Are you doing token burning?? Can you tell us something about your token burning ?

PresidentHodl | BankSocial

We are doing burning - we have already burned over 14% of the tokens in supply and will continue to burn a small amount for ever.

Q2) From @dinkan_jnr

PresidentHodl | BankSocial

Yes - we will utilize NFT for asset tracking and our own blockchain to significantly reduce fees and transaction times. Our asset backed lending platfor will ensure that all transactions have an asset backing them therefore it will be a safer investment than just lending money to someone.

Q3) From @dinkan_jnr

PresidentHodl | BankSocial

We believe in Social Capitalism. Basically where everyone who stakes becomes part of the value system. Instead of the current one way up capitalisim model.

Q4) From @yellow2235

PresidentHodl | BankSocial

Yes - BSOCIAL token holders will stake into our sidechain solution to earn interest rewards from the loans as they are paid back. Its a great system!

Q5) From @rubelsorkar

PresidentHodl | BankSocial

People can check our website - BankSocial.io for more information

Yes - BSOCIAL token holders will stake into our sidechain solution to earn interest rewards from the loans as they are paid back. Its a great system!

Q6) From @fensi_firuja

PresidentHodl | BankSocial

Currently focusing on early delivery of our wallet - many months in advance. Because of the success of the project we have been able to speed up many aspects of development. In additon working on heavy marketing and influencer and other tactics to build short term support.

Q7) From @jabing1122

PresidentHodl | BankSocial

Yes - stakers can be from all over the world. While we will most likely only lend in developed countries, our merchant services technology will be focused on emerging markets. But stakers can be from anywhere!

— AMA CONCLUDED —

Follow BankSocial here for the Latest Updates…
Website : https://banksocial.io

Telegram Channel : https://t.me/banksocial

https://t.me/banksocialTR
https://t.me/banksocialDE
https://t.me/banksocialVN
https://t.me/BankSocialCN
https://t.me/BankSocialMY
https://t.me/BankSocialPH
Twitter : https://twitter.com/banksocialio
👤Facebook (Page): https://bit.ly/3ffSL4K
👥Facebook (Group): https://bit.ly/3fEs74J
📸Instagram: https://www.instagram.com/banksocial.io/
📮Reddit: https://www.reddit.com/r/BankSocial/

Follow CryptoMiners

Group : https://t.me/Crypto_miners_community
Channel : https://t.me/CryptoMiners_News
Twitter : https://twitter.com/cryptominers_co?s=0
Medium : https://medium.com/Crypto Miners Community

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