Topic: Credefi combines the best practices of DeFi and traditional finance - page 12. (Read 3287 times)

Hello!
Credefi is a project that aims to create a decentralized platform, which solves both conventional finance and DeFi real world problems. It utilizes the strengths of both domains in order to create a hybrid model that will give users real world applications and usability. Credefi was designed in a way, where each participant can lend and borrow money on a decentralized platform, where the contracted interest is determined by his own individual risk appetite. The project will revolutionise the way your money is utilised by providing full spectrum of services, creating hybrid approach between DeFi and traditional banking.

DeFi Market Stats

This week, the total value locked (TVL) in DeFi dropped below $50B for the first time since late May 2021. At the time of writing, the ecosystem’s TVL was hovering right around the ~$48B mark.

At this point, uncertainty is reigning. Many people still think the rest of 2021 will foster a bullish uptrend for crypto and DeFi, yet the recent market chop has more folks feeling bearish sentiments than we’ve seen for a while. In the meantime, the verdict’s still out, so bulls, bears, and those in between will just have to keep watching closely to see which way the market breaks next.

How Cryptocurrency Transforms Financial World

A lot of analytics companies nowadays are conducting surveys on the popularity of crypto among investors. Crypto has already surpassed gold and is now in the top five instruments among investors. By the way, more than 25% of all global investments are made online, and cryptocurrencies dominate this field too.

However, experts have reached the conclusion that “the best of both worlds is achieved if centralised and decentralised financial services cooperate.” This is exactly the rule we follow here at Credefi when we take the best of both financial worlds!

We strive to bring you full transparency and decentralization, and make cryptocurrencies as widespread and known in the world as humanly possible! The rise of crypto should usher in the digital finance era that will change the economy for the best.

Currently, we don't have such plans. But we will think about it as per the need in future.

CREDI Token Economy Paper

Did you know that we have published a document called Economy Paper? It delineates our project’s financial structure, and will help you understand how the Credefi economy works! 

Credefi is powered by its two main tokens - the CREDI and xCREDI tokens, which are compliant with the ERC20 standard and will be issued on the Ethereum network.

CREDI is designed to be an inflationary token, used for rewards and acting as an additional security level for the loans issued on the platform. It will be offered via private and public token sale and later available for purchasing and selling on the CREDI/DAI liquidity pool on UniSwap.

xCREDI is a variable supply token created by burning CREDI and stabilizing the Credefi ecosystem. Users who deposit CREDI in the security module could also benefit from multipliers and are allowed to participate in the Credefi governance.

Want to learn more? Follow the link https://credefi.finance/documents/ep.pdf

The total supply of our project is 150 million CREDI.
The roadmap is available on our website credefi.finance

What Services Does Credefi Provide?

What exactly will Credefi users gain from participating on the platform? We have covered a lot of what our platform does in the previous posts, and to briefly reiterate on that, we combine the advantages of traditional financial systems and blockchain.
This means:

Credefi will take full advantage of the decentralized finance capabilities of the blockchain, with direct peer-2-peer finance, liberalizing the process of lending and borrowing by connecting the willing parties worldwide. In addition to the collateralized loans, Credefi platform will be able to provide zero-collateral loans on a case-by-case basis.

Credefi is aimed to combine traditional banking instruments with the aspect of decentralization, offering the full length of services to its customers. Credefi will introduce trade finance to its offered services. Lenders and borrowers will be able not only to meet in a deal but also to underwrite a Letter of Credit or a Letter of Guarantee, as well as factoring services.

Want to learn more — visit our website https://credefi.finance

Lending On Blockchain - its strengths and advantages

Why does the lending sector seem to be so attractive to blockchain initiatives? We used to look at banks and other financial institutions as something built for our benefit. However, these institutions, just like any other business, act solely to cover their bottom line. When it comes to providing loans, they will always act to boost their own profit as much as possible.

This leads to SMEs and other users having difficulty accessing the lending market. With that said, small and medium enterprises (SMEs) are considered to be the backbone of emerging markets. They comprise some 95% of businesses all over the world, and employ 65% of the workforce in total. It is estimated that over the next 15 years, SMEs will create 600 million jobs, which makes this market quite attractive.

Lending through blockchain is peer-to-peer, making the whole process smoother and faster. The middleman (bank) is replaced with a decentralized protocol, which connects lenders and borrowers directly. With that said, borrowers get to enjoy competitive prices — the protocol covers the entire world.

Since all transactions are public and verifiable, each address can be assigned a credit score. Each transaction on any given address can be analyzed.

Blockchain allows lending to become much more transparent. The process of providing a loan — from the initial request to the actual payment — happens on the blockchain, which makes it both cheaper and faster.

Credefi is a strong project. The market situation will not affect the development of the project

Read more: https://t.co/s4Uifs5hyU?amp=1

Congratulations to the referral program leaders of this week!

We are excited to congratulate our users who invited the most referrals this week! These guys have earned our attention and applause:

https://twitter.com/KuntulBerbulu - 101 referrals
https://www.twitter.com/HhvgVtU8qaaYFqF - 34 referrals
https://twitter.com/saputrodimas770 - 13 referrals

They got one step closer to become $CREDI token holders! If you want to follow their example — join our referral program.

For more details, visit:
https://telegra.ph/Credefi-Official-Telegram-Referral-Campaign-06-13

Market analysis, opportunities that we can provide

DeFi Market Stats

We continue our weekly tradition of publishing DeFi market stats! The size of DeFi acutely shrunk again this week, with the ecosystem’s total value locked (TVL) declining from $58.79B to $55.25B. That’s not some major drop-off, right, but we’re certainly not in the “up only” environment we were in just a handful of weeks ago!

We will disclose all thr information regarding exchanges soon.

The audit will be completed very soon. Till then stay tuned with us!

Cryptocurrencies Are Society’s High-tech Cry For Help

This is what Forbes Media head Steve Forbes called Bitcoin. He believes people no longer hold the same amount of trust for the traditional currencies and are instead calling for something more high-tech.

It’s hard to disagree with Steve Forbes. It is evident enough: cryptocurrencies are capable of replacing traditional money in any part of the world. They have great potential as unbannable anti-inflation and anti-sanction safe haven assets. With this in mind, the popularity of cryptocurrencies are set to only become more and more popular.

Every day millions of cryptocurrency transactions take place. In just a few years it will be unfathomable to imagine society without crypto. This is only the beginning, however! It is within the realm of possibility that in a few more years we go cashless all the way. Why? Because digital assets are a clearly superior option!

Credefi is keeping up with the times. We are working on a crypto peer 2 peer lending platform that combines the best practices of DeFi and traditional finance. Our hybrid mechanism solves real life problems and inefficiencies of the conventional banking and finance sector, and provides unique opportunities for both borrowers and lenders. Credefi allows platform participants to invest in credit portfolios, individual credits, or do trade finance, directly through their personal wallet.

Right now, we can't commit anything. But as per the requirement and need in future we will make an announcement about it.

What you need to know about the CREDI token

We would like to tell you about the CREDI token — we have gathered all the important information in this post so that you could find all the key details in one place!

CREDI is an inflationary token used for rewards on the Credefi platform and the token used in the token sale. CREDI has a perpetual inflation of 5% based on the initial CREDI supply of 150 million tokens. An equal amount of new CREDI will be released into the system each year, meaning that the percentage Year-on-year inflation will decrease over time.

The main utility function of CREDI is to act as an additional security layer for the loans issued on the platform. Users can get passive income as liquidity providers for CREDI on UniSwap or liquidity providers who deposit their xCREDI LP tokens in the security module.

Stay tuned to our news to keep learning more about CREDI! And don’t forget to visit our token’s page on our website: https://credefi.finance

Let’s Talk Legal

Credefi - is more than just a revolutionary project. It is also a project based on an incorporated, real business, and since our core values include security and transparency, today we would like to tell you about Credefi Ltd. and our partners.

Credefi Ltd. is registered in Bulgaria, commercial registration number No.206396291, with the purpose of organizing the proprietary development of Credefi’s decentralized finance platform. This is the company we are building our project upon.

We would also like to introduce our partners: Credit Plus. This company was established in 2013 with the purpose of lending in the retail and the corporate segment. The company is licensed as a financial institution that undertakes financial operations within the EU and has gone under extensive regulatory examination by the central bank. The commercial registration number is No.202475916, the license number for a financial institution is BGR00315. Credit Plus is our initial partner  who will assist Credefi in our operations as a means for collateral management and liquidation, hence protecting the funds of the lenders in the platform.

We are constantly expanding both the project and the list of partners. Stay tuned to our news!

We’re in active discussions with potential partners, but we choose not to disclose this info at this stage. More news will follow shortly

Yes we will provide an option for staking. But please wait for sometime, we will provide all the information about staking after the sale. By then stay in touch with us!

Credefi Announces a Bridge between Crypto and Traditional Credit through a DeFi Solution

YAHOO FINANCE
https://finance.yahoo.com/news/credefi-announces-bridge-between-crypto-144800710.html

YAHOO NEWS
https://news.yahoo.com/credefi-announces-bridge-between-crypto-144800710.html

YAHOO MONEY
https://money.yahoo.com/credefi-announces-bridge-between-crypto-144800710.html

We will be releasing all the other details about platform very soon.

Credefi project and DeFi sector analysis

The popularity of DeFi services is rising, and this claim is easy to back up with hard data. According to DeFi Pulse, the total value of funds locked in DeFi applications has grown from $300 million in early 2019 to several billion in 2021. The biggest advantages of DeFi are that it doesn’t require permission to participate, same rules apply to everyone, liquidity is ’borderless’ (you can access the market from anywhere & anytime as long as you have internet), and it’s non-custodial so you have full control over your money and you can use it the way you want.

Credefi is a project in one of the fastest growing markets today. A key differentiator and factor for success is that Credefi is the only DeFi lending and investment platform that is backed by a real world regulated financial institution that already has access to a wide range of clients, projects and partners.

What it means is that we have chosen the right time and the right market to bring our project to life, and you have the perfect opportunity to join us!

Credefi will become a strong fintech foundation platform

Today in the age of fast, supernova technologies credit organizations hardly introduce innovations in their work. What's the end result? The result is a system that has many disadvantages!

The modern world – is primarily a financial freedom, the ability to have easy and quick access to money anywhere in the world. Credefi  provides the professional tools of the credit industry to its token holders, while enabling them to manage their own funds in a decentralized way. Credefi’s solution offers its users a choice to either passively earn a yield by funding loan portfolios or lend to individuals.
In the long run Credefi aims to become a market-driven, automated lending system. All of these features will be launched in three distinct phases explained in detail below.

Credefi is the first project offering all the functionalities of a self-service Bank in the crypto space.

Do you want to know more? Click on the link: https://credefi.finance