Inner Mongolia Issues First 'Computing Power Token Loan'

The Bank of China's Inner Mongolia branch has issued the region's first 'Computing Power Token Loan.' This initiative uses an innovative credit evaluation system that considers token usage scale, computing power orders, and technical qualifications, reducing the need for traditional collateral. Hohhot currently boasts 150,000 P of computing power, with 146,000 P dedicated to intelligent computing. The region is also promoting 'Computing Power Loans' and insurance products like 'Suanlianbao' to support data center projects.