BankSocial Launches on Binance Smart Chain
Jul 2, 2021
BankSocial Launches on Binance Smart Chain
BankSocial Launches on Binance Smart Chain
BankSocial™, the first peer-to-peer social consensus lending platform, secured by the blockchain, has incorporated the Binance Smart Chain into its existing $BSOCIAL ecosystem. With more than 10 million daily users, the Binance Smart Chain expands global access to the BankSocial community while building value for current $BSOCIAL token holders. Utilizing first-of-its-kind advancements in smart chain technology, BankSocial™ anticipates issuing its first loans in 2022.
Live trading on Pancake Swap, a Binance Smart Chain-based decentralized exchange, is now underway. Additionally, $BSOCIAL trading amongst Ethereum-based decentralized exchanges such as Uniswap and 1inch, and centralized exchanges such as Digifinex, Hotbit, Bilaxy, and Bibox, is also in full swing. All existing Ethereum-based tokens and trading platforms will continue to be a part of the $BSOCIAL ecosystem, with the Binance Smart Chain adding to global daily trading volume.
John Wingate, CEO of BankSocial, stated, "the Binance Smart Chain is one of the most popular trading platforms used by crypto enthusiasts outside of the United States and Europe and will provide millions of additional daily users with the opportunity to trade $BSOCIAL tokens. One of the primary advantages of the Binance Smart Chain is that it allows for smaller trades with lower transaction costs, reducing barriers to entry for many individuals. By adding to our existing liquidity pool, trading on the Binance Smart Chain will help us achieve the objectives on our Roadmap faster and has brought us one step closer to issuing our first asset-backed loans."
BankSocial's innovative approach to lending aims to create a financial structure where individuals can fund loans for other individuals and share the interest. $BSOCIAL token holders who choose to stake their tokens into the BankSocial™ lending system will receive proportional distributions of the interest collected from each loan. In contrast, all token holders continue to build passive value by purchasing and selling $BSOCIAL tokens.
More information about the adoption of the Binance Smart Chain into the $BSOCIAL ecosystem can be found at http://support.banksocial.io. BankSocial™ is a peer-to-peer social consensus lending platform that revolutionizes the way the blockchain is used for lending. For more information about BankSocial™, $BSOCIAL tokens, and other BankSocial™ products, visit https://banksocial.io.
Media Contact Information
Jon Shields
[email protected]
Press Release Service by Newswire.com
Original Source: BankSocial Launches on Binance Smart Chain
More News
Design Your Dream Fall Aesthetic And We'll Tell You Exactly Where You Should Travel This Autumn
Crispy leaves or sandy beaches? View Entire Post ›
27 Walmart Travel Products To Help You Get From A To B With As Little Agony As Possible
Doodads, gadgets, and luxuries to help make your journey a little better, on the way *and* when you arrive. View Entire Post ›
If This Picture Puzzle Quiz Doesn't Confuse You, You Are Naturally Clear-Headed
Untangle the picture, one strip at a time. View Entire Post ›
How Trump Has Disrupted National Parks
Maintenance projects have been put off around the country and resources diverted to the president’s favored projects in Washington.
National Fish and Chip Awards 2026: Top 40 chippies batter the competition to make this year's longlist
The top 40 fish and chip shops across the country have been shortlisted for a prestigious prize awarded by the National Federation of Fish Friers.
The EU Just Asked Canada If We Could Be Best Buddies...Legally, And Canadians Are Responding In The Most Hilarious Way
Give me a baguette, a ciggy, and an espresso any day. View Entire Post ›
If You’re Taking Your Kids On Their First Big Trip, These 29 Things Will Help Make It Go As Smoothly As Possible
Because your big trip deserves big memories and as few as possible inconveniences. View Entire Post ›
I Spent Over A Week In Kazakhstan, A Country Almost No Americans Visit (But ABSOLUTELY Should) — Here Is What To Know Before You Go
As a nature lover, this place is paradise. View Entire Post ›
Siri Co-Creator to Open New Paris Forum Tackling AI’s Impact on the Traveller Journey
The world is not moving towards a single artificial intelligence future. The United States, Europe, China, the Middle East and India are developing distinct systems shaped by different approaches to innovation, sovereignty, trust, data and scale. On 28 and 29 October, the Global Resilience Network (GRN) will bring those five pathways into one room at the Global Travel Futures Forum in Paris and test what they mean in practice for the global travel economy.
Britain's 'lost' railways: From a perfectly preserved Tube station to Cornish lines reborn as cycle trails, we lift the lid on the UK's abandoned stops and tracks
From the world's very first railway station to a track now used as a popular walking route and even the oldest station, there's plenty to explore along Britain's forgotten railway lines...
Hate traffic jams? New Uber flying taxis in Dubai soar up to 200mph across the city - and cost less than a trip in a black cab
Ever fancied flying to your destination to avoid painfully slow traffic queues? Well thanks to Uber, that dream is quickly coming is a reality - we take a quick look.
Meet Kyle Clark, who plays Cam Dillinger in Netflix’s Crew Girl
After the success of teen romances like The Summer I Turned Pretty and My Life with the Walter Boys, viewers have a new love triangle to obsess over. Crew Girl is a Canadian coming-of-age series focusing on Teagan Tao (Miku Martineau), who joins an all-boys rowing team at Easton Prep after a family scandal forces her to move to the East Coast with her mother, Ella Tao (Jessica Paré). She’s the new coxswain, and vying for her heart are two rowers: the entitled yet charismatic Josh Regis (Sam...
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.