Creditcoin 3.5/5 (1)

Creditcoin

Crypto-based credit platform
Creditcoin network is composed of fundraisers and lenders. A fundraiser announces its offer to the Creditcoin network, an lender announces its offer to the Creditcoin network, too. When the two offers from a fundraiser and an lender matches, the Creditcoin network connects the two to complete the lending transaction.


3.5

HypeSecurityTeamVision
4.03.04.03.0



STATUS: Ended
TokenCRE
Price in ICO1 CRE = 0.85 USD
CountryUnited States
preICO start9 Sep 2017
preICO end15 Jan 2018
ICO start15 Feb 2018
ICO end15 Mar 2018


  • ABOUT
  • TEAM
  • MILESTONE
  • FINANCIAL
  • SECURITY
  • MEDIA

Creditcoin is a decentralized credit network that turns digital wallets into an investment market. The miners of the market earn Creditcoin by providing capital to clients, which raise capital by
paying Creditcoin to the miners. Unlike Bitcoin mining, Creditcoin mining power is proportional to existing investment. Therefore, it is in a miner’s interest to provide as much funds as they can to invest into fundraisers. The network achieves robustness by decentralizing credit history, while automatically punishing fundraiser default. Miners can select credit history parameters to protect against various risk models.

We aim to design a simple blockchain that serves a single purpose extremely well: enabling blockchain-based lending transactions. Since we know blockchain is not a silver bullet, we leave to others related services, such as identification and credit scoring. We also recognize that lending transactions facilitate various business activities. Instead of implementing them within our blockchain, we achieve versatility through the creativity of our users.

Gluwa and Aella Credit aim to create a blockchain-agnostic investment protocol where investors can lend in any cryptocurrency. The Creditcoin network is a general blockchain for investment activities. The network will connect investors and fundraisers with matching conditions. The record of activities will last forever on the blockchain, and the data could be used for future credit evaluation by any interested parties.

An investment in the Creditcoin network will start by matching offers from investors and fundraisers. A fundraiser will post seeking an amount, interest rate, and collateral. Additionally, the fundraiser will add some amount of Creditcoin to the offer. If there is an investor with matching conditions, the fundraiser and the investor announce the deal to the Creditcoin network. The system verifies the deal’s completion by confirming the exchange of collateral and investment. Once validated, the system sends the Creditcoin attached to the investment to the investor.

A collection of investments goes through a process similar to the investment process. An investor will offer some amount of Creditcoin as a reward for collection to the fundraiser of an investment it owns. If the fundraiser is ready to return the investment with interest, the investor and the fundraiser announce the deal to the Creditcoin network. After completing the collection by exchanging collateral and investment with interest, the fundraiser receives the Creditcoin attached to the transaction.

Team

TEAM
ASTON LEE
REGIONAL DIRECTOR
CHRIS YOON
DIRECTOR OF ENGINEERING
VLADIMIR KOUZNETSOV
BLOCKCHAIN ARCHITECT
PAUL HSU
ENGINEER
JOHN CHOI
ENGINEER
KYOUNGBAE LEE
ENGINEER
TED LEE
ENGINEER
KYOUNGJUN LEE
PRODUCT MANAGER
DANA RYOO
MARKETING
Akin Jones
Aella Credit CEO
Wale Akanbi
Aella Credit CTO
Doyin Onayemi
Aella Credit COO
Kola Olalekan
Aella Credit Engineer
Kehinde Yinusa
Aella Credit Engineer
Bola Tobi
Aella Credit Engineer
ADVISOR
HOLGER ASSENMACHER
PROFESSOR OF CRYPTOGRAPHY AT U.C. BERKELEY / CTO OF CRYPTOWERK
LEUNG KWOK
EX-BANKER OF GENERAL MOTORS

Milestones


  • - completing market research
    - business analysis of Creditcoin miners
    - completing client side system design
    - implementing a simplified proof-of-concept
    - implementing the Creditcoin network integration
    - testing and tuning the pilot implementation
    - unrolling the Creditcoin mining to the general public

  • - completing technical research
    - unrolling a blockchain foundation
    - completing architectural design
    - implementing a simplified proof-of-concept
    - implementing the Creditcoin network to specs
    - testing and tuning the pilot implementation
    - unrolling the Creditcoin network to the general public

Financial

Token
PlatformEthereum
Price in ICO1 CRE = 0.85 USD
Investment Info
AcceptingBTC, KRG (Gluwa coin)
Tokens Distribution70% - Miners
15% - Gluwa, Inc.
10% - Investors
5% - Creditcoin Foundation
Soft cap10,000,000 CRE
Hard cap2,000,000,000 CRE

Security

Legal entity

Registration Address of Gluwa Inc.: Seoul, South Korea

https://opencorporates.com/companies/us_ca/C3985781

Prehistory of project

Base company, Gluwa Inc., has iOs and Android apps developed used for payment with Bitcoin

Product or its MVP

According to the roadmap, all activities related to the Creditcoin project will be done after ICO event

Blockchain experience

Most of team of Creditcoin are employees of Gluwa Inc which has blockchain apps already developed

Advisor Holger Assenmacher – Founder of Cryptowerk Corp

Escrow

No escrow information were found

Comments

Update: 26.02.2018

ICO that might interest you

DISCOVER SOME OF THE MOST POPULAR ICOS'S BASED ON USER REVIEW AND RATINGS.

Email Subscription - Footer