I got it, but there already some trustworthy Crypto lending (DeFi) platforms that access users to lend and borrow cryptocurrencies. So, what things SmartCredit (DeFi) platforms exceptional and why others get access of your platform? What advantages do you offer to the clients?
I am not the expert to compare any lending platform to smartcredit. But as per what I read in the website, I can sure you these are advantages: - Lowest collateral ratio in the industry - my favorite, crypto credit score. Which will allows us to reduce interest rate or collateral requirements. - fixed interest. No fluctuating interest rate. - fixed term loans. + Utility of SmartCredit with the Release 1.2. There will be benefits for the Borrowers and Lenders, there will be rewards for the users, there will be staking benefits in the Release 1.2. |
|
|
|
SmartCredit seems to offer some innovative features to the lending market.
While I prefer to stay anonymous most of the time, I like the idea of getting a better deal with the Crypto Credit Score.
Can you or someone here explain what's the meaning of Crypto Credit Score? Is the the platform requiring kyc? Since the platform is peer-to-peer and decentralized I believe it's going to have more impression in cryptosphere. Credit score calculated from the borrower financial score, social score, and psychometric score. https://smartcredit.io/knowledgebase/what-is-borrower-psychometric-scorehttps://smartcredit.io/knowledgebase/what-is-the-borrower-social-scorehttps://smartcredit.io/knowledgebase/what-is-borrower-psychometric-scoreSmartCredit offers borrower to do the credit scoring, that's optional. If the borrower completes it then he can have a better interest rate and better collateral requirements. If the borrower decides to stay fully anonymous, that's ok but the borrower will need to pay more interest. However, even anonymous users will have LESS collateral requirements than the Compound/Aave. How? Use fixed-term loans - your collateral will be less Need more details? you can join AMA 1800 UTC today here https://t.me/SmartCredit_Community |
|
|
|
 AMA every Saturday 1800 UTC, stop in and get all your questions answered. I'll be there, always nice to see the co-founder/CEO-CTO who really cares about the project. Not a big holder here but I want to know the plans for V1.2, yield farming, etc. |
|
|
|
Interesting Project you have here, just a few questions....
In terms of Fixed-term loans and Fixed interest loans how do you account for aggressive crypto price fluctuations especially in instance where price drops,does the borrower have to pay the fixed amount of crypto or pegged value ?
As far as I know, borrowers must pay the fixed amount of crypto because SmartCredit is not the same as other lending platforms. 1. No pooling (peer to peer). 2. Fixed Interest rate - both sides can fix their loan interest payments or invest received at the beginning of the contract. 3. Fixed loan maturity - to reduce the collateral requirements to the borrowers. You can read all the info here https://medium.com/smartcredit-io/crypto-fixed-income-and-smartcredit-io-eddb5841ca4e |
|
|
|
hali so far where have SmartCredit Tokens been traded? Is it only listed on Uniswap, or has it been traded on the stock exchange? I want to buy it but it costs quite a lot of transaction fees at Uniswap
from SmartCredit telegram: "Next week we will have major exchange listing announcement" |
|
|
|
Is there any borrowing instructions for dummies? How big my crypto wallet has to be for 2000$ stablecoin loan. How big is the raise for that and how fast i should pay it back?
You can get all the information you need here https://smartcredit.io/knowledgebase/how-to-borrow-ethFrom my knowledge, it depends on your credit score, a good credit score means fewer interest payments and fewer collateral requirements. Or borrower will stay fully anonymous and he will have more interest payments, more collateral requirements. From the looks of it, it seems participants are mostly individuals and SMEs, so loans will be small. What if the costs of arbitrage are larger than the costs of letting a loan default?
Not really, I just read this today https://medium.com/smartcredit-io/smartcredit-io-and-ampnet-announce-a-partnership-2300edb3d35cSmartCredit and AMPNet integration allow using these real asset tokens as collateral for the borrowing. If the liquidation results are more than Borrower’s Obligation, then Borrower can claim back his remaining funds via SmartCredit. If the liquidation results are less than Borrower’s Obligation, then Borrower’s obligation to pay Remaining Amount will be transferred from Lender to the Loss Provision Fund. Loss Provision Fund has the right to sell his claims against the Borrower's to the Loan Liquidation companies. FYI SmartCredit launch Signature and Avatar campaign on Bitcointalk here https://bitcointalk.org/index.php?topic=5319146.0 |
|
|
|
|
1. Everton FC vs. Leeds United - x
2. West Bromwich Albion vs. Sheffield United FC - 1
3. Southampton FC vs. Manchester United FC - 1
4. Chelsea FC vs. Tottenham Hotspur FC - x
5. Arsenal FC vs. Wolverhampton Wanderers FC - 1
6. Valencia CF vs. Atletico Madrid - 1
7. SD Huesca vs. Sevilla FC - 2
8. Getafe CF vs. Athletic Bilbao - 1
9. Real Sociedad vs. Villarreal CF - 1
10. Union Berlin vs. Eintracht Frankfurt - 2
11. FSV Mainz vs. TSG Hoffenheim - x
12. Sassuolo Calcio vs. Inter Milano - 2
13. AC Milan vs. ACF Fiorentina - 1
14. SC Napoli vs. AS Roma - x
15. Olympique Marseille vs. FC Nantes - 1
Betnomi username: GrimDawn
|
|
|
|
|
1. Aston Villa FC vs. Brighton & Hove Albion FC - 1
2. Tottenham Hotspur FC vs. Manchester City FC - 1
3. Leeds United vs. Arsenal FC- x
4. Liverpool FC vs. Leicester City FC - 1
5. Villarreal CF vs. Real Madrid - 2
6. Atletico Madrid vs. FC Barcelona - x
7. Cadiz CF vs. Real Sociedad - 2
8. Deportivo Alaves vs. Valencia CF - x
9. Schalke 04 vs. VfL Wolfsburg - x
10. TSG Hoffenheim vs. VfB Stuttgart - x
11. Eintracht Frankfurt vs. RB Leipzig - 2
12. Hellas Verona vs. Sassuolo Calcio - 1
13. Sampdoria Genoa vs. Bologna FC - 1
14. SSC Napoli vs. AC Milan - x
15. AS Monaco FC vs. Paris Saint-Germain FC - 2
Betnomi username: GrimDawn
|
|
|
|
|
1. Azerbaijan - Montenegro 1
2. Germany - Ukraine 1
3. Portugal - France 2
4. Sweden - Croatia 2
5. Switzerland - Spain 2
6. Slovakia - Scotland x
7. Bulgaria - Finland 2
8. Turkey - Russia x
9. Wales - Ireland 1
10. Belgium - England 2
11. Czech Republic - Israel x
12. Hungary - Serbia 1
13. Italy - Poland x
14. Romania - Norway x
15. Slovenia - Kosovo 1
Betnomi username: GrimDawn
|
|
|
|
Final table, we have 4 winners with 8 correct picks, 300$ reward split on 4 equals 75$:
nelson4lov - 75$
tracyhayley - 75$
GrimDawn - 75$
R777 - 75$
Congratulations to you all, great picks. Everyone has been credited to their Betnomi account. @nelson4lov you got us to watch the man city vs liverpool match  Wish you all good luck and hope to see someone grab that 1 BTC price next week. Prize received, big thanks to betnomi and Trofo for this awesome event. |
|
|
|
|
Interesting, my only hope are Spurs, Leicester and Arsenal win while MCity and Liverpool draw. With that results my points will be same with nelson4lov and traceyhayley.
|
|
|
|
|
Brighton v Burnley - x
Southampton v Newcastle - x
Everton v Man Utd - 2
Crystal Palace v Leeds - 1
Chelsea v Sheffield Utd - 1
West Ham v Fulham - 1
West Brom v Spurs - 2
Leicester City v Wolves - 1
Man City v Liverpool - x
Arsenal v Aston Villa - 1
Betnomi username: GrimDawn
|
|
|
|
At some points I read you offer 30% cashback option. How will this be calculated exactly? Is this also 30%, even if you have a winning streak?
The 30% cashback is only available on the losing bets. As for as the 30% cashback, its a fixed 30% regardless of the amount. Where can I read more about this? I cannot find documentation supporting this as I'd like to be on trump I just check this bet and you have to login first to see the counter offer feature on this bet. Betnomi official acc posted this here also on their social media, i think this info is more than enough. counter offer + cashback 30%, simple and easy to understand, btw i'll bet on biden. |
|
|
|
|
my first pick win Wolves - Palace -1, next is Sheffield Utd v Man City - 2. Most of members here choose City win, cross finger for City!
Thanks to Trofo and Betnomi for this event.
|
|
|
|
|
Wolves v Crystal Palace - 1
Sheffield Utd v Man City - 2
Burnley v Chelsea - x
Liverpool v West Ham - 1
Aston Villa v Southampton - 1
Newcastle Utd v Everton - x
Man Utd v Arsenal - 1
Spurs v Brighton - 1
Fulham v West Brom - 2
Leeds Utd v Leicester City - 2
Betnomi username: GrimDawn
|
|
|
|
 Today must be my lucky day, start with dust balance and end with x38 and x130. |
|
|
|
I just had a nice win on red... maybe my method doesn't work in the long run, but so far it has been so good.
~
The x9 and the x24 have been the comeback for me, but one of this days i will hit x999, is about keep trying.
Solid gains.Congrats on the wins, hopefully you can hit that x999 on one of your bigger bets Don't forget to take a screenshot as we all want to see those profits! Well if he hit x999, just visit Hall Of Fame to see the coin falling to x999 with Replay feature. ~ Someone already hit up x333  x999 isnt that too far.  That x333 on grey line i think? Hit that is same like to hit x130 on red line. Even though he only hit that with small bet like that, the profit still awesome to get Yes x333 multiplier is on grey/silver/promo line, yeah nice profit 0.0166 from 0.00005 bet. It will be superb if the bet hit x9999, 0.00005 x9999 = 0.49995 BTC |
|
|
|
I just had a nice win on red... maybe my method doesn't work in the long run, but so far it has been so good. The x9 and the x24 have been the comeback for me, but one of this days i will hit x999, is about keep trying. Congrats on the wins, hopefully you can hit that x999 on one of your bigger bets Don't forget to take a screenshot as we all want to see those profits! Well if he hit x999, just visit Hall Of Fame to see the coin falling to x999 with Replay feature.  |
|
|
|
Its all about preferences, I myself prefer to do flat betting while playing plinko game on high risk level. I usually start with small amount for the first few hundred bets till thousand bet then I'll start increase my bet amount after thousand bet but I do not increase it a lot. It depends on how much I lose or win during the first thousand bets.
Agree, i used the same strategy when bet on yellow or red. On blue or green i prefer to bet 50%-75% of my bankroll for 2-5 times and stop, repeat it again tomorrow or when i feel lucky. |
|
|
|
|
Show Posts
Well done team, and now I'm curious which DEX will be released soon.
