What is Smart Credit (SMARTCREDIT)?
Smart Credit is a platform in the field of Lending & Borrowing with the desire to bring many benefits to the parties participating in the platform including: borrowers, lenders, merchants, and SMARTCREDIT holders.
Website: SmartCredit.io
Reference: Learn more about Lending
Highlights of Smart Credit (SMARTCREDIT)
Highlights of Smart Credit:
- Lenders will receive a fixed interest rate (Compound & Aave is a variable rate).
- Lenders receive SMARTCREDIT once the loan is created.
- Borrowers has a smaller collateral requirement than other platforms.
- Borrowers have a variety of mortgage options.
- SMARTCREDIT holders will receive passive income from the loan.
- Passive Investors will have their own Fixed Income Fund, which will be distributed automatically.
- Non-Custodial API for other platforms – wallets, marketplaces,…
In addition, Smart Credit also has a Credit score system: If the borrower has a higher score, the loan fee will be lower and vice versa.
Smart Credit Token Information (SMARTCREDIT)
Key Metrics SMARTCREDIT
- Token Name: SMARTCREDIT Token
- Ticker: SMARTCREDIT
- Blockchain: Ethereum
- Token Standard: ERC-20
- Contract: 0x72e9d9038ce484ee986fea183f8d8df93f9ada13
- Token type: Utility, Governance
- Total Supply: 25,000,000 SMARTCREDIT
- Circulating Supply: Updating…
Token Allocation
- Liquidity Mining: 40%
- Liquidity Provision: 20%
- Reserve & Insurance Fund: 15%
- Marketing: 10%
- Team: 10%
- Public Sale: 5%
Token Sale
Token Release Schedule
10% (2,500,000 SMARTCREDIT) is not locked, the remaining 90% (22,500,000 SMARTCREDIT) is paid 1/4 per year for 2nd years; 3; 4 and 5.
- Reserve & Insurance Fund: Paid in 12 months from Public sale. The rest have no information. However, this amount is only released when there are next sales, or future events if any.
- Team: ¼ is paid in 12 months from Public sale. The rest have no information.
- Public Sale: Not locked.
Token Use Case
- Transaction fee: Loan fee (0.5%, this fee will be included in the Loss Provision Fund, this is a fee to be paid to lenders if borrowers fail to repay in time leading to loan expiration), gas fee will be calculated in SMARTCREDIT.
- Collateral: Besides ERC-20 tokens, SMARTCREDIT is also used as collateral.
- Improve Credit score: Keeping SMARTCREDIT longer will improve Credit score. In addition, the Credit score is also based on the SMARTCREDIT ratio and the borrowed volume of the user.
- Governance: SMARTCREDIT holders can vote to change and update Smart Credit’s parameters.
- Liquidity mining reward: SMARTCREDIT is used as a reward for miners.
- Partner reward: SMARTCREDIT is used as a reward for partners based on the loan volume on their platform.
How to earn and own SMARTCREDIT Token
Users can join Liquidity mining, lend money to earn SMARTCREDIT.
In addition, users can buy on exchanges that support SMARTCREDIT.
SMARTCREDIT Token exchange & wallet
SMARTCREDIT Token storage wallet
SMARTCREDIT is an ERC-20 token, so you can store it on wallets that support this standard of Ethereum such as:
- Techtipsnreview Wallet: This is a multi-chain wallet product of Techtipsnreview Finance team. Allows storing most tokens of popular blockchains such as Bitcoin, Ethereum (ERC-20, ..).
- Myetherwallet Wallet, imToken, Frontier, Metamask.
SMARTCREDIT Token Exchange
SMARTCREDIT is now tradable on Uniswap.
Roadmaps & Updates
Roadmaps information is updated on the project homepage. Please refer to it for more information here.
Project team, investors & partners
Project team
December 2020:
Launch Fixed Income Funds
Q1 2020:
Launch Self-Lending
Q2, Q3 2020:
Launch Cross-chain Collateral
Investors & Partners
Similar projects
Aave
Compound
Source: What is Smart Credit (SMARTCREDIT)? SmartCREDIT Cryptocurrency Complete
– TechtipsnReview
