The economy is increasingly digital, open, global and within reach of many. This means that the possibilities of creating new ventures and businesses or being able to quickly and easily access as customers to all goods/services of interest is at our fingertips.
This, coupled with the growing decentralized digital economy, is transforming business and social relationship models around the world. Blockchain technology, smart contracts, as well as EOS Microloan (EML) and EOS Market Place (EMP) propositions are at the forefront to offer tools that make new and productive economic relationships possible.
Entrepreneurship and the decentralized digital economy are becoming a unique opportunity for the creation of opportunities in 21st century business.
It is here where the so-called Decentralized Finances (DeFi) begin to play a fundamental role in empowering local economies through financial services without intermediaries, commissions and interests such as those provided by EOS Microloan and EOS Market Place.
All this scenario allows more businesses of various kinds to join the global economy, having the opportunity to have a credit system that provides the possibility to boost any entrepreneurship, while generating other forms of payment that benefit customers using the EOS token. In this way a win-win environment is created, where all parties involved obtain dividends (profits in EOS) for using the EOS Microloan and EOS Market Place credit system.
Now, how does this system work and, above all, how does it benefit businesses and customers?
Through payments in EOS Microloan and EOS Market Place, a system of accumulation and profit generation takes place.
Once a credit (a debt) is established between the merchant and the customer, the latter must make a credit through a payment using EOS Microloan or EOS Market Place, depending on where the credit was given. The money passes through the eosmarketplc account, which is registered on the EOS blockchain, as well as all the others mentioned in this article.
The eosmarketplc account distributes 99% of what it receives from the client to the merchant of that credit, while 1% remains as a contribution to the distribution system (accumulation and profit generation). Then, eosmarketplc sends that 1% to the eosmicrofund and divmicrofund accounts distributed as follows:
- 0.5% to eosmicrofund: this account retains this amount as its own funds for project management.
- 0.5% to divmicrofund: this is a daily accumulation fund. This account receives funds in three ways: eosmicrofund (customer payments), proxy voting reward and rexmicrofund.
There are three accounts (eosmicrofund, divmicrofund and rexmicrofund) that will accumulate a fund: one part is distributed to all users who activate their MLT in the stake and the other part is placed in reserve (rent) in the REX application, so that all participants of the system receive more earnings. This happens every 24 hours: 0.25% of what is received goes to the mlstakingsys account from divmicrofund, which allows users to claim their earnings according to the level of participation they have from the amount of MLT they have in stake. On the other hand the other 0.25% goes to the accumulation fund in rexmicrofund so that it is not mixed with the rest of the earnings that keep coming in, then they are put for rent in REX from the divmicrofund account to generate more earnings.
The more EOS that enter the accumulation fund (REX), the greater the rewards given by the proxy and those derived from the EOS rent itself. The latter refers to the vote given to a block producer in EOS, who rewards with a reward (with the EOS token) for the support received by the account and the power of influence that those EOS exert.
In the case of the rexmicrofund account: first EOS are sent which are pooled with another part in EOS that is received from the swap.defi account proceeds from the sale of 25% of the MLTs that are paid when a business cancels the monthly subscription fee from eosmarketplace.io and every 24 hours goes to rent in REX along with the 0.25% funds it received from divmicrofund.
All of this allows for higher profits for everyone involved in the system.
Regarding the stake in MLT: this represents something similar to the shares of a company. For every $10 in EOS that the customer pays to the business, 1 MLT is received. If $5 is paid in EOS, 0.5 MLT is received and so on. These MLTs can be activated on eosmicroloan.com in the rewards section. What is reflected here represents a percentage of the overall earnings. Every 24 hours the earnings (in EOS) are distributed according to the system explained above, from what is accumulated from all payments, to each of the participants in the system (merchants and customers) who have their MLTs in stake. This token (MLT) is a representation of the participation shares that the user has in the system. It is important to clarify that the 1% comes from the sum of the earnings of the eosmicrofund (0.5%) and divmicrofund (0.5%) accounts.
In other words, this system rewards you for making use of it, either by giving credit or paying. These earnings are received directly from the eosmicrofund account.
In short, the more payments are generated, the more money is added to the fund. One part is rented and the other part is distributed among the participants.
For more information, please contact the EOS Microloan and EOS Market Place team and community:
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EOS Microloan and EOS Market Place News
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Article originally published in Spanish on the EOS Market Place blog
