Connecting Financial Ecosystems
Before the blockchain, it was virtually not possible to gauge the objectivity of shared info with out a government. Now, we are able to now safely and securely conduct monetary transactions with out having to place our belief in middlemen. It will not be an overstatement to say that we’re really within the midst of a monetary revolution.
The blockchain market has already confirmed itself to be resoundingly profitable. At the time of this writing, the full cryptocurrency market capital is over $420 billion. Bitcoin alone has a market cap over $160 billion.
Nevertheless, at present’s monetary ecosystem remains to be dominated by conventional (fiat) forex. Long transaction occasions, comparatively excessive charges, and excessive volatility have all made it tough for cryptocurrencies to solidify themselves as viable types of cost in a worldwide society lengthy accustomed to fiat forex.
Luckily, Gluwa and Aella Credit goal to unleash the total potential of the cryptocurrency ecosystem by creating an adapter that seamlessly connects digital and fiat currencies. In essence, they’ll push the blockchain even nearer to the unique imaginative and prescient of Satoshi Nakamoto by serving to present a sound forex for everybody.
A Decentralized Crypto Lending Network, Without the Risk
The Creditcoin Network makes use of the objectivity of blockchain know-how to create a clear credit score marketplace for cryptocurrency property, permitting you to pursue your objectives and desires with out placing your belief in third events — and with out taking up an excessive amount of monetary danger.
Currently, virtually each main cryptocurrency available in the market at present exists on their very own segregated blockchain. Creditcoin, nevertheless, will join blockchain property with an easy protocol, successfully creating an inter-blockchain lending market. By connecting the assorted blockchains, Creditcoin creates a safe, clear cryptocurrency lending market which permits fundraisers and lenders to attach instantly, with out the need of an added intermediary.
Specifically, Creditcoin is a decentralized credit score community that turns digital wallets into an funding market. It works as a result of market’s miners earn Creditcoin by offering capital to shoppers, who elevate capital by paying Creditcoin to the miners. Because Creditcoin’s mining energy is instantly proportional to present investments, it’s really within the miner’s curiosity to supply the utmost quantity of funding doable to fundraisers which, in flip, helps maintain a strong community by decentralizing credit score historical past and routinely punishing default.
Miners, in the meantime, are protected in opposition to danger, since they’ll choose credit score historical past parameters. The community successfully connects traders and fundraisers with matching situations, and the document of actions lasts without end on the blockchain. The knowledge can by no means be manipulated, and thus gives correct future credit score knowledge for analysis by any events.
As defined in Creditcoin’s whitepaper:
We goal to design a easy blockchain that serves a single function extraordinarily properly: enabling blockchain-based lending transactions … we obtain versatility by means of the creativity of our customers.
Creditcoin’s Public Sale is Underway!
Creditcoin’s delicate cap of 10MM USD has already been achieved very quickly flat – and the laborious cap is quickly approaching. 134MM cash have already been offered, which means there’s solely 20MM left. So, if you happen to’re , don’t delay!
If you’d wish to study extra about Creditcoin, you could find the challenge’s whitepaper, gross sales economics, purchaser handbook, referral handbook, and highly-qualified staff on their official web site.
Are you excited on the prospect of connecting varied blockchains into one decentralized lending platform? Let us know within the feedback beneath!
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