BitPower's mechanism:

bao Xin - Jul 11 - - Dev Community

BitPower Loop automates all transactions through smart contracts, eliminating human intervention and ensuring security and transparency. Users do not need to trust third parties, reducing the risks caused by trust issues. Borrowers can provide crypto assets as collateral to increase lending capacity and reduce interest rates. Interest rates are calculated dynamically based on supply and demand, and the process is transparent and fair. Users can also receive referral rewards by inviting new users and earn multi-level rewards based on the newly added circulation amount.

In addition, BitPower Lending is based on BSC (Binance Smart Chain), uses algorithms to determine interest rates, and establishes a transparent public ledger to record all transactions and historical interest rates to ensure fairness. BitPower provides services worldwide, simplifies the loan application process, improves efficiency and convenience, and becomes a leading decentralized financial platform.
#BitPower

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