Whitelist SMARTCREDIT token with 75k BNT co-investment

Voting ended almost 5 years agoSucceeded

Read the original proposal on Discourse

TL;DR

Proposal to whitelist SMARTCREDIT.
The proposed co-investment is 75,000 BNT.
The legal opinion by BCAS, it was pre-condition for listing on Bittrex and Loopring
Clear benefits for Bancor

SMARTCREDIT token address: $2.0325 | SMARTCREDIT Token (SMARTCREDIT) Token Tracker | Etherscan

Project Website: https://smartcredit.io 1

SmartCredit.io Application: https://app.smartcredit.io

Token Security

The SMARTCREDIT token is pre-minted, 90% of the tokens are locked for the years to come.

The unlocked token supply is used for the long-term development of the project. Every October the project will publish how many tokens will be unlocked. That's calculated based on the yearly inflation - tokens for the rewards to users, for the integrators, for the staking, for marketing, and for the team.

The circulating supply is following (from: https://www.coingecko.com/en/coins/smartcredit-token)

850,285 - Unlocked tokens, vested for up to 4 months
54,864 - Buyback during Uniswap in listing, locked 12 months (OpenZeppelin)
247,391 - Burned after pre-sale
5,625,000 - Locked supply 4 (with Openzeppelin)
5,625,000 - Locked supply 3 (with Openzeppelin)
5,625,000 - Locked supply 2 (with Openzeppelin)
5,625,000 - Locked supply 1 (with Openzeppelin)

Est. Circulating Supply 1,347,457

Team tokens will be allocated every October. At the moment team has 0 tokens.

Project

SmartCredit,io is a DeFi lending platform with a focus on the:

Fixed-term loans
Fixed-interest rate loans
Fixed Income Funds

It offers a predictable rate for the Borrowers and Lenders. It offers stability instead of in-stability.

In the traditional economy the 90% of fixed income is based on the fixed-interest-rates and fixed loan term. The 10% are the fluctuating-interest-rates / variable-loan-term loans. The Defi focus is on 10% so far. Our focus is on the 90%

The borrowers can borrow fixed-term, fixed-interest rates and use their ERC20 tokens as collateral. One of the collaterals is BNT. See more in this 20-second video: https://twitter.com/smartcredit_io/status/1389164951445573634

The lenders can set up their Fixed Income Funds and earn predictable income - see this 20-seconds video: https://twitter.com/smartcredit_io/status/1397591037598646275

DeFi has today the Money-Market-Funds with fluctuating-interest-rate and with the variable loan term. We offer the Fixed-Income-Funds. See more about the differences between them: https://twitter.com/smartcredit_io/status/1392190044186816517

Bancor is supported as collateral for the fixed-term loans in SmartCredit.io. Borrowers can monetize their BNT tokens and borrow ETH, DAI, USDC or USDT

See more in the: https://twitter.com/smartcredit_io/status/1392405617852272642

Tokenomics

Release 1.0 of SmartCredit.io was launched in 2020 August. It delivered the Foundation.
Release 1.1 was launched in 2021 April. It included the Fixed Income Funds
Release 1.2 is anticipated in 2021 August. It will include rewards, staking, and token utility.

Community and Communication

SmartCredit.io is active on:

Blog Decentral Finance - Thought Leadership SmartCredit.io
Medium SmartCredit.io -- Medium
Telegram Community Telegram: Contact @SmartCredit_Community
Telegram Trading Telegram: Contact @SmartCredit_Trading
Telegram Announcements Telegram: Contact @SmartCredit_Announcements
Twitter https://twitter.com/Smartcredit_io
Reddit https://www.reddit.com/user/SmartCredit_io
Bitcoin talk SmartCredit DeFi lending solution from Swiss bankers
Youtube https://www.youtube.com/c/smartcreditio/
Linked In https://www.linkedin.com/company/smartcredit-io

The Co-Founders are ex Credit Suisse Vice Presidents. They worked 10+ years in Zurich, Switzerland for Credit Suisse. They are MBA's, CFA's and have launched 4 successful software products in the past with a 250'000+ user base.