BNPL Pay

BNPL Pay

BNPL Pay BNPL Rank #5518

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BNPL Pay (BNPL) Token Guide - Explanation, Price and Yields

BNPL Pay Exchanges

Exchange Market Pairs Buy
SushiSwap MIM/WETH -
TraderJoe MIM/WAVAX -
MEXC LTC/USDT -
What is BNPL Pay (BNPL)? BNPL (Buy Now, Pay Later) is a decentralized lending protocol that puts credit in the hands of those who need it most: users without capital. We address the problems presented by unsecured loans through a unique design in which a decentralized network of banking nodes meets the needs of the sector. With our protocol, anyone can become a bank and anyone can apply for a loan. The BNPL protocol uses a decentralized network of centralized banking nodes (CeDeFi) to serve a maximum number of loans. We have chosen this approach for multiple reasons. The BNPL protocol allows anyone to create a banking node and these nodes compete for the fulfillment of loans from lenders and borrowers. Such a system leads to maximum utility for both borrowers and lenders. We have designed our protocol to allow banking nodes full autonomy in their individual operations. At the same time, we provide lenders with full transparency into the history of each banking node and other relevant metrics. Credit and counterparty risk is inherent in unsecured loans. Without the need for collateral or comprehensive enforcement capabilities, borrowers have little incentive to meet their obligations. We have decided to merge the borderless and permissionless world of Ethereum with the highly varied and segregated rules of the legal world. Therefore, we have chosen a CeDeFi model. The protocol is decentralized, allowing anyone to create nodes or lend capital. Nodes are centralized to delegate tasks to the legal world and provide services based on their individual capabilities to mitigate counterparty risk. Node operators will need to stake a minimum of 2,500,000 BNPL tokens to have skins in play to manage capital, and will be rewarded with a percentage of interest accrued from their pool. These tokens are subject to cut-offs in case of loss of funds. Node operators and independent participants can further participate through our voucher system, where additional tokens can be staked on a node. Both risk and reward are shared equally with the node operator. With this, lenders know that in the event of a default loss, any penal action taken against nodes and participants will be rewarded directly to them as a form of payment. They can judge which pools to commit capital to based on the ratio of assets at stake to liquidity (SATL) of a given pool. How many BNPL coins are in circulation? The BNPL Pay Token Generation Event (TGE) was held on September 14 with 1 billion BNPL Tokens created in genesis. 42.50% of our tokens will be rewarded to BNPL lenders and liquidity providers through an exponential drop. We will also pass an additional 1% of the supply to active DeFi users. 12.5% ​​of the tokens were sold during a seed round, followed by 10% of the tokens sold in a private sale and 6% in a public sale. The BNPL Treasury will hold 14% of the tokens for operational requirements and the last 14% will be awarded to team members. the fintech sector and BNPL. A key supporter, Australia-based Clee Capital has a successful track record of financing and advising BNPL players in South East Asia over the last 12 months. Other early investors include various crypto funds with strong ties to the Thorchain ecosystem. The execution team is made up of 9 experienced individuals with a lot of experience in DeFi and traditional finance. The team is spread across the globe with a presence in Australia, Singapore, the UK and Dubai. In addition, the project engaged Dentons for legal advice and Hacken for smart contract auditing to ensure access to the best advice available in a space that still poses significant regulatory and security risks. Where can I buy the BNPL protocol ( BNPL)? BNPL is available for trading in the following markets: MEXC - BNPL-USDTSushiSwap - BNPL-ETHSushiSwap - BNPL-XRUNE