Bloom Token surged 35% during the last 24 hours.
Bloom Token is trading at 0.00001132 Bitcoins or about 1.27 Wax tokens.
The Bloom protocol uses the Ethereum blockchain to provide a novel approach to the credit risk assessment allowing both traditional fiat lenders and digital asset lenders to issue compliant loans on the blockchain while providing lower fees and improve borrower experience at the credit issuance process.
The Bloom platform will feature a BloomID (a global secure identity, allowing lenders to offer compliant loans globally), BloomIQ (a system for reporting and tracking current and historical debt obligations that are tied to a user’s BloomID), and BloomScore (a metric of consumers’ creditworthiness).
Bloom token (BLT) is an ERC-20 token that will be used to participate in evaluating user identities and creditworthiness. Furthermore, it will give users voting rights on future developments on the Bloom credit scoring system.
BLT is listed on Upbit and BitTrex cryptocurrency exchanges.
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