BNPL Pay (BNPL)

BNPL Pay (BNPL)

Price
$0.013186 (-1.36 %)
฿0.00000044 (-1.20 %)
Market cap
$3 159 722
฿106.41
Volume (24h)
$6 732
฿0.23
Supply
1 000 000 000 (Max)
239 707 318 (Available)

Events are managed by official representatives

BNPL Pay is a decentralized lending protocol that puts credit in the hands of those who need it the most, namely, those who cannot meet the requirements to take on collateralized loans. To that end, we have created the BNPL Pay Protocol, an uncollateralized lending platform that services such a need. We tackle the counterparty risk associated with uncollateralized borrowing through a distributed network of Banking Nodes. Our system delegates the tasks of credit checks, risk assessment and other due diligence requirements to pool operators, and creates a set of incentive structures that reward and punish these operators based on performance.

The BNPL token is the governance token within the BNPL Pay protocol and has multiple utility functions including bonding a banking node and staking banking nodes as a form of insurance in the event of a default.
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