Buy BankSocial (BSL)
What is BankSocial?
BankSocial is a decentralized finance (DeFi) platform that offers a range of financial solutions using Distributed Ledger Technology (DLT). It aims to integrate social networking elements and blockchain technology to revolutionise financial services, providing a secure, transparent, and inclusive financial ecosystem.
How does BankSocial work?
BankSocial operates on the Hedera Hashgraph DLT platform, which uses a directed acyclic graph structure for efficient transaction processing. It employs the hashgraph consensus algorithm, which ensures secure and fair transaction validation. This system is more energy-efficient compared to traditional blockchain mechanisms and offers fast transaction times.
What are the potential use cases for BankSocial?
BankSocial's potential applications include financial services through a crypto-friendly credit union, Defy Federal Credit Union, which offers a self-custody crypto exchange and digital currency transactions. It also partners with credit unions to offer DLT-based solutions and has a network of industry partners like the Texas Blockchain Council and Hedera Hashgraph.
What is the history of BankSocial?
Founded by John R. Wingate, BankSocial's mission is to merge credit unions with DeFi. Significant milestones include an investment partnership with The Hashgraph Association and the launch of the Open Banking platform. The platform has gained support from credit union organisations and continues to expand its market presence with strategic partnerships.
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Frequently Asked Questions (FAQs)
What is the current price of BankSocial (BSL)?
The BankSocial price is $0.00060823 AUD, representing a +2.99% from the day prior.
Where is the best place to buy BankSocial (BSL) in Australia?
The best place to buy BankSocial (BSL) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell BankSocial (BSL) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of BankSocial (BSL)?
The trading volume of BankSocial (BSL) is $8.5K AUD in the last 24hrs, representing a +2.99% from the day prior.
How can I buy BankSocial (BSL)?
BankSocial (BSL) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of BankSocial (BSL)?
The current market cap of BankSocial (BSL) is $0 AUD.
Can I convert BankSocial (BSL) to cash?
Yes - With Coinstash you can convert your BankSocial (BSL) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many BankSocial (BSL) are there?
The current circulating supply of BankSocial (BSL) is 0.
Is Coinstash a safe place to buy BankSocial (BSL) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling BankSocial (BSL) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.