This is an attempt to gage management of Social Lending Pool (SLP) risk and the investor sentiment of the community. I’d also like to take a look with you at different ideas for marketing and advertising.
This post is here to open up a discussion on these subjects, but also anything that may come to mind as you answer the polls, read comments or when you’re done reading the post. Serious discussion or outlines of different viewpoints will propel our project further into the direction we’re all trying to aim for.
Furthermore, the polls are anonymous and you can only see the results after voting. This post is just an exercise and out of my own personal curiosity. There’s no judgement & no right or wrong.
The way I understand it now, the SLP will be used for short-term hard money loans. Those loans will be looked at by our elected delegates and subsequently evaluated based on community-set parameters and market standards. The point is to have a competitive edge, a decent speed of lending and an efficient system to keep clients, investors and delegates happy. The SLP’s fiat value is dependant on the market performance of Ethereum (Eth) and Binance token (BNB). Our BSL token is paired with these two tokens, and exists only those two chains, obviously. BSL isn’t bridged.
[At the time of writing this, the system isn’t publicly up and running. Staking isn’t happening yet.]
In the Telegram group, suggestions have been brought up by several people to diversify the types of loans that the SLP can offer to clients. These loans may have a higher risk of defaulting and a higher return. I think that an example for this type of loan is a car loan. Please comment for other examples.
The second question is concerning the allocation of the riskier loans within the SLP.
I also try to gage your investment sentiment within the project. I made a poll where you can score the project from 0 to 5. If the quotes don’t match your idea exactly just give BankSocial a 0~5 score. I’m also aware of the flaws in my form of questioning .
- 0 means you are out, or want to leave as soon as feasible.
- 1 means you’re wanting to leave short-term (weeks)
- 2 means you’re awaiting staking and have a short term exit strategy (weeks).
- 3 means you are planning on staking & staying in the project for the 1~4 staking terms (3~12 months).
- 4 means you’re in for the long run; you plan on staking long-term (Minimum 1~2 years)
- 5 means the project is doing better than expected and you’re planning to remain invested despite potential negative market movements and economic trends. (Beyond the 1~2 year commitment)
Now a set of questions related to marketing and advertising. What should the team do in the upcoming weeks to launch the financial products (like loans, CEX, staking,…), in your opinion? I think it’s an interesting discussion that’s worth doing, since past events haven’t been fruitful. I know there are potential partners who want to work with BankSocial to integrate crypto or Blockchain technology in their own products or services.
The following polls allows for multiple answers.
- Telegram groups.
- …others. (comment)
- …nothing at all.
Thank you for participating and for commenting. Any feedback is appreciated!