What Is SmartCredit.io?
SmartCredit.io is a Decentral Finance application for crypto borrowing and lending. The key features are:
- The low collateral ratio for the borrowers
- Personal Fixed Income Funds for the lenders
- Fixed-term and fixed interest loans
The key difference is that SmartCredit.io focuses on the DeFi fixed-income-funds as opposed to the DeFi money-market-funds (as most of DeFi lending solutions today).
SMARTCREDIT is the utility token for:
- Utility and loyalty token on the SmartCredit.io platform
- Collateral for the loans
- Liquidity mining for the borrowers, lenders, and integration pa (which integrate SmartCredit.io platform)
SmartCredit.io offers the following functionality:
- Borrowers can receive fixed interest and fixed-term loans with a lower collateral ration than the money-market-funds
- Borrowers can complete the optional credit-scoring, which allows reducing the collateral ratio and the loan interest
- Lenders receive fixed interest instead of the fluctuating money-market-funds interest
- Lenders have their own Personal Fixed Income Funds
- Integrators can integrate our User Interface Widgets and earn loan origination fees plus reward tokens
How Many SMARTCREDIT Coins Are There in Circulation?
10% of the total supply (2 500 000 tokens) are unlocked. 90% of the total supply (22 500 000 tokens) are time-locked with OpenZeppelin contracts and will be released 1/4 (in equal parts) in years 2, 3, 4, and 5. The current circulating supply is 1 106 625 SMARTCREDIT tokens.
Tokens allocation is the following:
- 40% for liquidity mining for integration-partners and users
- 10% for the marketing
- 10% for the team (starting from the second year, released ¼ per year)
- 20% for the liquidity provision
- 15% reserve and insurance funds
Who Are the Founders SmartCredit.io?
The Co-Founders are Martin Ploom and Tarmo Ploom, Ph.D. Both are ex-Credit-Suisse Vice Presidents from Zurich, Switzerland. Both are MBA’s and CFA’s. They know the traditional banking and credit-systems inside out.
They are early blockchain adaptors, co-authored first german-language blockchain book, are giving lectures and write the blog: https://smartcredit.io/blog
More about SmartCredit.io
Blog: https://smartcredit.io/blog Medium: https://medium.com/smartcredit-io Twitter: https://twitter.com/smartcredit_io Telegram: https://t.me/SmartCredit_Community
Application: https://app.smartcredit.io
Where Can I Buy SMARTCREDIT?
SMARTCREDIT is listed on the Uniswap
New to cryptocurrency? Read CoinMarketCap’s easy guide to buying Bitcoin or any other token.
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