Category : OTHERS
EOS is built on speed and with the goal to reward its owners. We can all be owners of the EOS, and at every level imaginable. I will explain. We would all like to own a house that we can rent, but we know that it is costly, and very few people have those means. Imagine that all you have in your power is to purchase the door. EOS makes it possible to earn a dividend even if all you can afford is the door. EOS gives us the ability to rent our votes or rent the resources allotted to us by owning EOS tokens. This is also not the place for a detailed explanation of the process but it is important to be aware of it to fully understand the next section. EOSMicroloan is a tool everyone can possess to create a loan by the value they have in their possession or by the ability to finish a task. Credit card companies charge 3% plus for payments, banks for a check, postal carriers for stamps, etc. EOSMicroloan will charge 1% to give the right to every individual to create their own loans to whom they choose according to the terms they negotiate with their counterparty. Ah, we pay one percent that is the catch. The 1% comes from the originator of the loan. The borrower does not pay anything. Ah, there is always someone getting something of my work and my business. Yes, this, unfortunately, will not change but check this out! EOSMicroloan will then pass 0.5% percent to a smart contract. That is right 50% of the collected fees will be moved over to a smart contract called divmicrofund. This smart contract will distribute every 24 hours 50% of all income streams coming into the fund. This is where the MLT utility tokens come in. According to a schedule, every time there is a payment to a loan, the payer and the borrower each get the same amount of MLT tokens. These MLT tokens can then be staked and the participants receive according to the amount of MLT tokens a distribution payment in EOS every 24 hours. More activity over the last 24 hours, the bigger the dividend payment.