According to Binance Academy
"Decentralized Finance (or simply DeFi) refers to an ecosystem of financial applications that are built on top of blockchain networks.
More specifically, the term Decentralized Finance may refer to a movement that aims to create an open-source, permissionless, and transparent financial service ecosystem that is available to everyone and operates without any central authority. The users would maintain full control over their assets and interact with this ecosystem through peer-to-peer (P2P), decentralized applications (dapps).
The core benefit of DeFi is easy access to financial services, especially for those who are isolated from the current financial system. Another potential advantage of DeFi is the modular framework it is built upon – interoperable DeFi applications on public blockchains will potentially create entirely new financial markets, products, and services".
So, what is EOS Microloan? What are the advantages that EOS Microloan offers me if I have a business, company, enterprise or provide any service?
What is EOS Microloan?
EOS Microloan is the socioeconomic system where participants build a new economy, based on the creation of liquidity and opportunities for businesses and customers. Each contribution feeds and builds a system that never stops growing.
Businesses contribute their goods and services for the benefit of their customers, while receiving liquidity that they would not otherwise receive. All this while you can include a third party who earns commissions on sales.
Not to mention the dividends that both parties (business and customer) will receive for their efforts, trust and hard work.
Advantages of EOS Microloan for businesses, enterprises and service providers
- You obtain liquidity for merchandise or services that otherwise are not selling.
- You give an extra payment option to your customers.
- 100% auditable, transparent, independent and decentralized system and records.
- No third party (bank) intervention to audit and limit your options.
- You customize the direct payment quotas with the client (P2P management).
- You can offer the same system to non-banked customers.
- You can have salesmen/intermediaries who will earn on commission, without you having to pay a salary; payments are distributed automatically.
- You include a new payment method (EOS) as an alternative to traditional systems.
- No need to buy a special device (point of sale) to get started (zero investment).
- Credit status information available from any device with a web browser and internet.
- You earn MLT token during the distribution of dividends (money) that comes out of a small fraction of the payments made.
MLT Token
It is the token of EOS Microloan, whose stake gives you daily dividends from the credit system usage fees. Every time a credit payment is made, this fee is accumulated and distributed among those who stakes MLT.
MLTs are obtained when you pay a credit given to you by a merchant for products or services. Those MLT are placed in stake and a daily distribution of dividends is made, which arise from a fraction that is extracted from the payments made that day.
There is nothing mined, it is all money managed by the community, which gives it life by creating liquidity through interest-free loans.
Something very important about the MLT token
- It will not be included in any exchange for sale.
- The project managers will not give away the coin under any distribution system such as Airdrop, ICO or similar.
- It will only be distributed to businesses, entrepreneurs and customers, who are the ones who will primarily give life to the system.
- No amount of MLT will be reserved for its creators, work team or collaborators. Everything will be delivered under the payment distribution system.
What EOS Microloan is NOT
- A bank that gives money on credit.
- A dapp to lend money with interest.
- A system to earn by referrals.
- A dapp to earn easy money.
- A ponzi pyramid.
- A service that sells or charges for using it.
- A monopoly game.
The origin of EOS Microloan
If you want to know the reasons for the origin of this project, we invite you to watch the video "Jekyll Island The Truth Behind The Federal Reserve" (2013).
For more information, please contact the EOS Microloan and EOS Market Place team and community:
EOS Microloan
EOS Market Place
Group on Telegram
EOS Microloan
Telegram Channel
EOS Microloan and EOS Market Place News
Channel on Sense Chat
EOS Microloan
Social Network
Article originally published in Spanish on the EOS Microloan blog
