The first crypto based mortgages & home loans just hit the market!
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BankSocial just released the first ever crypto based mortgages (US), home and hard money loans (worldwide)!
They are really interesting products, among them one where you can get a home loan and keep your crypto.
Check out the loans and let's talk in the comments:
- Do you think a home loan (where you can keep your crypto and buy a house) will be welcomed or largely ignored by current holders?
- Do you think blockchain based mortgages and hard money loans have a future in general or not?
- What do you think of the planned ecosystem (read below of what's to come)
More in the works, the entire ecosystem (rest soon to be released) will contain:
- Staking into the social liquidity pool (SLP) for the profits
- CeX
- Mastercards with rewards
- Interest bearing FIAT debit accounts: Yes, basically a bank account that actually pays YOU an interest for keeping your money there... Like it should be. And like it have been completely normal... A few decades ago.
- Fiat on and offramp for the token (BSL)
- And more...
The token itself:
- Is available on erc and bsc chains, with the same token address.
- Has an anti-scam measure built in, meaning if you lose your tokens, the team can get them back (and have demonstrated doing so in several occasions when someone got scammed)
- Is a relatively new, 9 months old project, who did zero marketing so far, because they didn't want to get a pump&dump (and marketing before utility always results in quick pump&dumps), so they are kind of the best kept secret in crypto, with a super low mc for now.
DYOR links:
https://twitter.com/BANKSOCIALio/status/1494642979797143684
https://www.todayinbanking.com/article/563373526-banksocial-introduces-blockchain-based-home-loans
https://www.banksocial.io/ (check out the products tab)
https://www.banksocial.io/personal/crypto-home-loans
https://www.banksocial.io/business/crypto-hard-money-loan
https://www.banksocial.io/licenses-registrations
https://www.banksocial.io/bsl-token-info
https://my.banksocial.io (This is NOT LIVE, this is just a demo to show you what's coming soon. I think the live version will come within weeks, but that's just a personal guess, as a simple holder, I don't have exact release date information.)
https://www.dextools.io/app/ether/pair-explorer/0xec5409816efe7151b809c1214b4780131d5f251b
https://www.dextools.io/app/bsc/pair-explorer/0x10a4d4d435cbba8e85a506ae6b1f116098ddb849
https://coinmarketcap.com/currencies/banksocial/ (Ignore the price here, low volume CeX-es mess it up completely, absolutely unreliable)
To apply for a loan: https://loans.banksocial.io/
FYI: I'm not part of the team! I'm just an investor (not even a whale) who has been following the project from day one.
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