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AMA RECAP
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
WOLVERINE | CRYPTO MINERS
👋Hello Chat ,Welcome to a special AMA session with Bank Social🔰
Chat please welcome @presidenthodl from Bank Social🔰
PresidentHodl | BankSocial
Thanks for having me!
WOLVERINE | CRYPTO MINERS
Q1. Can you briefly describe what is Bank Social? We would like to know more about it and how it works ?!
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
Q2. What are your main features that distinguish you from other projects and what competitive advantages do you have ?
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
Q3. What are you looking most forward to doing in Bank Social?
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
The main feature of #BankSocial is the first block chain solution to provide on chain asset backed lending !!!
Could you simply explain this to us???
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
You said that you can change the financial structure by #BankSocial !!!
Can you explain it to us???
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
"STAKING" is one of the STRATEGIES to ATTRACT USERS and HOLD Them long term.
Does your GREAT PROJECT have plan about Staking?
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
Q:-
➡️ What is the role of token in the ecosystem?????
➡️ Where can people currently buy it?????
➡️ what would be its used?????
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
🧲🧲🧲 So many projects just like to speak about the "long term vision and mission" but what are your short term objectives? What are you focusing on right now?
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
I Can anybody uses your marketplace and platform from anywhere in the world? Can anyone participate In the development of this project?
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/
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