• No need to trust a central authority that might be incompetent, vulnerable to attacks, or even have ill intentions.
• Less censorship. Governments often restrict their citizens’ access to various websites and social media. Censoring traffic in a peer-to-peer network is much more difficult, because every package can be sent to every other node on the network, and they will relay this data further.
• Most of the applications on the network are open source. Anyone can copy some or all of the code, and create their own applications with it. The more decentralized products come out, the more advantages and opportunities open up for the network users.
• Proper economic incentives. Users who support the network get rewarded for it financially. The more support they provide, the more they are rewarded.
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. Users will have the ability to not only take out and provide loans, but also invest in credit portfolios, increasing their potential earnings!
In addition, Credefi will provide the means as well as new opportunities to make informed investment choices in order to bring a high rate of return, while helping those in need, but neglected by banks. Credefi has structured its native platform CREDI token to be both governance and reward generating token. Its holders will be able to suggest and vote on decisions related to the development and functionality of the platform, but will also receive rewards and benefits from utilising it on the platform.
Visit our website to learn more https://credefi.finance/