The first Evergrande Tokenomics Special Financial Product in Guangdong Province, China, called "Token Loan," was launched in Haizhu, Guangzhou

According to AICoin News's monitoring, the first Metaverse Economy special financial product in Guangdong Province, China, called "Token Loan," has been launched in Haizhu District, Guangzhou. Taking Bank of China Guangzhou Branch as an example, a targeted financing product called Hash Power Token Loan has been developed for the Haizhu computing power SMEs. The loan is based on contract/Token consumption levels and can provide credit, accounts receivable financing, and mainly order financing as the guarantee. It can also use a combination of guarantees such as suretyship and mortgage to further expand the credit limit. New companies can also apply for financing based on orders with evidence of continuous operation provided by the original operating company or with guarantees. It is reported that the Bank of China's pre-trial credit funds have reached 28 million yuan.

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