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Bloom is a decentralized credit protocol that aims to address the existing limitations of the actual credit scoring system. The Bloom protocol will use the Ethereum blockchain to provide a novel approach to the credit risk assessment allowing both traditional fiat lenders and digital asset lenders to issues 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 trackingcurrent 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..The official Bloom Token ticker is “BLT” and trades under that name on all the exchanges where it has been listed. (Description provided by CryptoCompare.
Bloom Currency Details
Market Capitalization$3.90 million
Coin or TokenCoin
Official Website (Alt)N/A
Message Board (Alt)N/A
About Bloom (BLT)
Blocto Token (BLT) Frequently Asked Questions
How do I buy Blocto Token?
It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Blocto Token.
Where can I get Blocto Token wallet?
Blocto Token produces its own wallet software that is available for download on its website, which allows you to store Blocto Token on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.
What is the value of Blocto Token?
One Blocto Token (BLT) is currently worth $0.06 on major cryptocurrency exchanges. You can also exchange one Blocto Token for 0.00000299 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Blocto Token in U.S. dollars is $2.49 million. This market cap is self-reported and has not been verified.
Bloom (BLT) Price Chart for Wednesday, October, 5, 2022