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EOS Microloan

Decentralized finance

Dario Cesaro avatar
Written by Dario Cesaro
Updated over a year ago

It is crucial to exercise caution when engaging with the services offered by this project. EOS Support does not assume responsibility for any potential problems, damages, or losses that may occur as a result of utilizing the services provided by this project.

"The Microloan main goal is in helping regular people to make their life better, to give them a chance of starting the business of their dream and of living life as they please"

Why 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 is available from any device with a web browser and internet.

  • You earn an 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 stake MLT.

MLTs are obtained when you pay a credit given to you by a merchant for products or services. Those MLT are placed at 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.

EOS Microloan is accessible here.


Author: Peter Valenčič

Editor: Markus Hinrichs, Cristhian Rincon

Translation: -

Sources & References:

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