BankSocial (BSL) is not tradable on Coinbase.
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BankSocial Price (BSL)
Market stats
BankSocial is on the decline this week. ↘
The price of BankSocial has decreased by 2.76% in the last hour and decreased by 7.65% in the past 24 hours. BankSocial’s price has also fallen by 25.49% in the past week. The current price is $0.000339 per BSL with a 24-hour trading volume of $34.65K. Currently, BankSocial is valued at 95.33% below its all time high of $0.0073. This all-time high was the highest price paid for BankSocial since its launch.
The current circulating supply of BankSocial is 0 BSL which means that BankSocial has as total market cap of 0.
Overall
Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more
Market cap
Data unavailable
Volume (24h)
$34,653.30
Circulating
Data unavailable
All time high
$0.0073
Price change
1 hour
↘ 2.76%
1 day
↘ 7.65%
1 week
↘ 25.49%
2 weeks
↘ 6.58%
1 month
↘ 4.31%
1 year
↘ 52.98%
1 year benchmarks
Performance
↘ 56.19%
Vs. Market
↘ 81.04%
Vs. BTC
↘ 83.21%
Vs. ETH
↘ 69.67%
About BankSocial
FAQ
BankSocial (BSL) is a 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. The vision is to be the first lending platform built from the ground up to share the value created in lending systems with the people who fund the loans.
According to the whitepaper, traditional systems are troubled with outdated thinking. The system doesn't share the wealth. BankSocial's community-driven approach to borrowing aims to replace old lending practices by rewarding staked community members for financing loans.
BankSocial's funding network continually seeks to create value for the members, known as token holders, and utilizes BLOCKSCORE technology to determine borrower creditworthiness. A borrower's BLOCKSCORE is used to assess the borrower's eligibility to receive asset-backed loans for home mortgages, automobiles, small businesses, real estate, and other collateralized lending products. In addition, the token holders approve loan requests through a next-generation tokening consensus system, thus truly decentralizing the lending system.
Furthermore, the economics of the platform includes redistribution for the people. According to the whitepaper, redistribution means every time someone trades a BankSocial (BSL) token, all token holders are rewarded for staying in the traditional system with a 3% distribution of all traded tokens. By holding tokens, users keep building yield from the community.
The BankSocial (BSL) token aims to be the backbone of the BankSocial lending platform. The logic in the smart contract allocates 7% of all token sales redistributed for the network's good. For example, 3% is redistributed directly to users' wallets in more tokens. The other 4% is tucked safely away in the social lending pool for future loans and yield repayments to all token holders. The Ethereum network secures the BSL token via an open-source, verifiable ERC20 solidity contract.
The BankSocial roadmap outlines the vision for building a first-of-its-kind socialized autonomous peer-to-peer funding network to create liquidity and reward all token holders.
The platform's team includes John R. Wingate, founder and CEO, Alireza Dehghan, the COO, and Eric Wingate, the CTO. Furthermore, the team launched the BankSocial website and the Ethereum ERC20 token BSL in Q1, 2021.
We update our BankSocial to USD currency in real-time. Get the live price of BankSocial on Coinbase.
The current market cap of BankSocial is $0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of BankSocial is $0.0073. This all-time high is highest price paid for BankSocial since it was launched.
Over the last 24 hours, the trading volume of BankSocial is $34.65K.
Assets that have a similar market cap to BankSocial include High Voltage, sKLAY, FILIPCOIN, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of BankSocial is 0.
BankSocial Price History
Date | Price | Change |
|---|---|---|
Today (January 23, 2025) | $0.000339 | -8.00% |
24 hours ago (January 22, 2025) | $0.000367 | -7.65% |
1 week ago (January 16, 2025) | $0.000462 | -25.49% |
1 month ago (December 23, 2024) | $0.000378 | -4.31% |
1 year ago | $0.000773 | -52.98% |
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
BankSocial Calculator
How much is 1 BSL?
Conversion Table
1 BankSocial (BSL) to Canadian Dollar (CAD)
CA$0.000487
1 BankSocial (BSL) to Real (BRL)
R$0.0020
1 BankSocial (BSL) to Euro (EUR)
€0.000325
Coinbase Bytes
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