SmartCredit Token price

SMARTCREDIT

#8287

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

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

SMARTCREDIT is listed on the Uniswap

New to cryptocurrency? Read CoinMarketCap’s easy guide to buying Bitcoin or any other token.

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

SmartCredit Token operates as the core utility token within the SmartCredit.io ecosystem, a platform designed to innovate in the decentralized finance (DeFi) space by offering lending and borrowing services. This platform distinguishes itself by focusing on fixed-income funds rather than the more common money-market funds found in DeFi, aiming to provide more predictable financial outcomes for its users.

The platform enables borrowers to secure loans with fixed interest rates and terms, potentially lowering the collateral required if they opt for a credit scoring process. This feature is particularly appealing for those looking to avoid the volatility often associated with variable interest rates in other DeFi lending platforms. For lenders, SmartCredit.io offers the opportunity to receive fixed interest returns, creating a personal fixed income fund that offers a degree of stability and predictability in earnings.

SmartCredit.io's utility extends to liquidity mining, where both borrowers and lenders, as well as integration partners, can earn SMARTCREDIT tokens as rewards. These tokens also serve as collateral for loans and play a vital role in the platform's loyalty program.

The tokenomics of SmartCredit Token reveal a strategic allocation designed to support the ecosystem's growth and sustainability. A significant portion of the tokens is dedicated to liquidity mining, ensuring active participation and engagement within the platform. Additionally, the gradual release of tokens, with a large percentage time-locked, demonstrates a commitment to long-term development and stability.

Behind SmartCredit.io are Martin Ploom and Tarmo Ploom, who bring a wealth of experience from the traditional banking sector, specifically from their time at Credit Suisse. Their deep understanding of credit systems, combined with their early adoption of blockchain technology, positions SmartCredit.io as a platform that bridges the gap between traditional finance and the burgeoning world of DeFi.

For those interested in the DeFi space, particularly in lending and borrowing, SmartCredit.io offers a unique proposition through its focus on fixed-income solutions and its comprehensive ecosystem supported by the SMARTCREDIT token. As with any investment in the cryptocurrency space, it's crucial to conduct thorough research to understand the risks and opportunities involved.

SmartCredit Token implements several security measures to ensure the safety and integrity of its platform and its users' assets. The primary method of securing the SmartCredit Token is through the use of audited smart contracts. These contracts undergo rigorous testing and auditing by independent third parties to ensure they are free from vulnerabilities and function as intended, providing a secure foundation for transactions on the platform.

Additionally, SmartCredit Token leverages AI-based Crypto Fraud Score technology for transaction monitoring. This advanced system analyzes transactions in real-time to identify and prevent fraudulent activities, enhancing the security of the platform and protecting users from potential threats.

The platform also incorporates multiple layers of encryption to safeguard sensitive information and transactions. This encryption ensures that data transmitted across the platform is secure and inaccessible to unauthorized parties. Furthermore, SmartCredit Token employs decentralized blockchain technology, which distributes data across a network of computers, making it nearly impossible to hack or tamper with. This decentralization not only enhances security but also promotes transparency and trust among users.

Identity theft protection measures are another critical aspect of SmartCredit Token's security strategy. These measures protect users' identities and personal information from being stolen or misused, providing an additional layer of security.

SmartCredit.io, the platform behind SmartCredit Token, is a decentralized finance application focusing on crypto borrowing and lending with unique features like low collateral ratios for borrowers and personal fixed income funds for lenders. The platform's emphasis on security, through the use of audited smart contracts, AI-based monitoring, encryption, and decentralized technology, ensures a safe environment for users to engage in lending and borrowing activities.

Before engaging with any cryptocurrency or platform, it's crucial to conduct thorough research to understand the risks and benefits involved.

SmartCredit Token serves multiple purposes within its ecosystem, catering to both borrowers and lenders in a decentralized finance (DeFi) setting. It is primarily utilized as a utility and loyalty token on the SmartCredit.io platform, offering users a range of functionalities aimed at enhancing the borrowing and lending experience.

For borrowers, SmartCredit Token can be used as collateral to secure loans. This feature is particularly beneficial as it allows for borrowing with a lower collateral ratio compared to traditional money-market funds. Additionally, borrowers have the opportunity to engage in liquidity mining, which not only facilitates the borrowing process but also rewards users for their participation in the platform. An optional credit-scoring system is available, enabling borrowers to potentially reduce their collateral requirements and interest rates on loans by demonstrating creditworthiness.

Lenders, on the other hand, benefit from the token's ability to provide fixed interest returns through Personal Fixed Income Funds, diverging from the fluctuating interest rates commonly associated with money-market funds. This fixed-term, fixed-interest approach offers a more predictable income stream for lenders, enhancing the appeal of participating in the SmartCredit.io ecosystem.

Furthermore, SmartCredit Token is instrumental in the platform's decentralized lending marketplace, which features AI-based fraud detection, credit monitoring services, and fixed-interest borrowing options. The token's integration into this marketplace underscores its utility in facilitating secure and efficient transactions within the DeFi space.

In addition to its primary functions, SmartCredit Token can also be used for purchasing Car Tokens and participating in crowdfunding initiatives, such as the financing of a car. This versatility highlights the token's broader applicability beyond the immediate lending and borrowing framework, extending its utility to peer-to-peer transactions and investment opportunities.

It's important for potential users and investors to conduct thorough research and consider the inherent risks before engaging with SmartCredit Token or any cryptocurrency. The dynamic nature of the DeFi sector and the complexities of blockchain technology necessitate a well-informed approach to participation and investment in this space.

SmartCredit Token has experienced several significant milestones since its inception. Initially launched in 2024, it quickly made its mark by being listed on various trading platforms, enhancing its visibility and accessibility to a broader audience. This development was pivotal in establishing SmartCredit Token's presence in the cryptocurrency market.

Further expanding its ecosystem, SmartCredit.io introduced a suite of solutions aimed at revolutionizing the DeFi space. These include offering crypto loans, lending services, staking opportunities, and a crypto credit API, catering to a wide range of financial needs within the blockchain community. Notably, the platform implemented innovative features like gasless re-staking and claimable rewards for staking its tokens, enhancing user experience and engagement.

At its core, SmartCredit.io distinguishes itself by focusing on DeFi fixed-income funds, offering a lower collateral ratio for borrowers and fixed-term, fixed-interest loans. This approach contrasts with the more common DeFi money-market funds, providing a unique value proposition. Borrowers have the option to undergo a credit-scoring process, potentially reducing their collateral requirements and interest rates. Meanwhile, lenders benefit from fixed interest rates, adding a layer of predictability to their investments.

The platform's utility and loyalty token, SMARTCREDIT, serves multiple purposes. It acts as collateral for loans, facilitates liquidity mining, and rewards borrowers, lenders, and integration partners. With a strategic token allocation and a time-locked release schedule, SmartCredit.io ensures a balanced distribution of tokens to support its ecosystem's growth and stability.

The founders, Martin Ploom and Tarmo Ploom, bring a wealth of experience from the traditional banking sector to the blockchain world. Their background and expertise have been instrumental in shaping SmartCredit.io's strategic direction and offerings.

For those interested in the SmartCredit Token, it's essential to conduct thorough research and consider the project's fundamentals, team, and technological innovations. While the cryptocurrency market offers various opportunities, it's crucial to approach investments with caution and informed decision-making.