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I won't call Credits is a scam but their activities seem not honest. They lost everything where they have very good potential to be a top coin in the crypto market! Credits ICO investors made huge money but whoever did hold for a long time, their money got ruined. Now holding Credits coin for profit is a bad idea! So, be aware of holding it, they are not scamming yet, but who news the future?
Nope they are using the name of Creditcoin improperly in order to promote their own coin. Everyone knows that coinbase , ycombinator, youtube etc invested into credit[Suspicious link removed]gle it), so credits comes along and makes a similar name to ride on the hype. its dishonest, and not fair to the real creditcoin. |
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What does everyone think about creditcoin?
Heres a few facts;
Investment by Brian Armstrong (Coinbase), Y combinator, Youtube co-founders
Already live APP with over 500,000 downloads
Will be bringing those users onto blockchain
Price non-stop rising since January
listed on 2 major exchanges OKEX & Bittrex
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Creditcoin looks to be a collaboration between two fintech firms: Aella Credit Gluwa Source: https://www.coinspeaker.com/creditcoin-turns-digital-wallets-investment-market/Gluwa and Aella Credita have joined forces to launch Creditcoin, an inter-blockchain P2P lending market that operates across distributed ledgers ensuring permanent record of transactions that cannot be alter or tampered with. So what are Aella Credit and Gluwa? So Gluwa is a Fintech / Finance firm based out of Silicon Valley working on some sort of Stable Coin (USD-G) Source: https://www.crunchbase.com/organization/gluwaand lists 500 Startups as its main investor, which is a global VC withh over $500m in investments. Aella Credit looks to be another fintech/finance firm based out of sillicon valley & Nigeria working on some sort of credit solution for loans https://www.crunchbase.com/organization/aella-credit#section-investorsand lists Brian Armstrong (CEO of Coinbase), Y Combinator, Vy Capital, 500 startups, Zeno Ventures, HQ Financial Group, Unis Venture Fund, Steve Chen (Founder of Youtube) as investors. This seems like a pretty solid backing. In terms of what Aella is doing, https://techcabal.com/2020/02/10/nigerian-fintech-aella-credit-is-pivoting-after-raising-10-million/Over the last five years, the company said growth has been impressive. Two months after it launched, Aella provided 90 million loans, Jones told TechCabal in 2015. But in the last two years, it said its user base has grown 674% and revenue grew 193%. Aella’s latest funding round is its second investment. It previously raised $2 million seed funding from YCombinator, 500 Startups, VY Capital and Gluwa. A number of important individual investors also participated in the round including Michael Siebel from YCombinator, Coinbase’s Brian Anderson and former NFL cornerback, Shawntae Spencer. With the new investment from HQF, Aella has announced three important moves. First, the company plans to expand across Africa and South-eastast Asia. Second, it is working on a blockchain lending solution called Creditcoin. Not much is known about the product. But according to a press release, Creditcoin will provide creditworthiness information “and aid in the acquisition of one million additional users by the end of 2020”. It sounds like Creditcoin will be used to process the loan history along with creditors history through the Aella App, which will offer Loans, investments, Health Insurance, and bill payments. https://play.google.com/store/apps/details?id=com.aella.comportal&hl=enCurrently has over 500,000 Installs with an average 4 star rating. |
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Yeah but also keep in mind too that top exchanges like OKEX and Binance only list coins with solid fundamentals. For example Creditcoin which was recently listed on OKEX was also invested in by Brian Armstrong, Y Combinator etc, so it makes sense why it was listed (and why its pumping)
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CEO of OKEx Jay Hao said, “Creditcoin is a perfect example of how blockchain technology can overcome the shortcomings of the traditional banking system, demonstrating how a decentralized finance model OKEx thinks it should be. We are glad to push forward the development of DeFi ecosystem with them.” OKEX seems to be laying a big role in DEFI byb partnering with projects like Creditcoin that were invested in by Coinbase and y combinator I think they are laying the foundation for a global decentralized financial revolution big fan |
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The best product I've seen so far is Creditcoin
Investment by Steve Chen (Youtuber founder), Coinbase, y combinator etc
has only been experiencing continuous growth.
Keep in mind who is backing the product obviously they will do whatever it takest o increase the price
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Just found this document about the latest coin they listed (Creditcoin) https://docsend.com/view/ksj3ysjLooks like Y combinator investment, youtube co-founders, coinbase, etc so it does seem like OKEX does only list serious coins with good potentianal |
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Yes that is what I thought too I remember okex being related to OKcoin and being one of the top exchanges in the world.
Basically any coin they list should also be a top tier coin as it has gone through their stringent listing process, i mean since they are the top exchange they only list top coins like creditcoin, bitcoin, ethereum, etc
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Active GITHUB is not enough, in fact many projects now are close-sourced.
For example take a look at coins like Creditcoin
>invested in by Brian Armstrong
>Invested in by Y combinator
they see potential in this moonshot and as a result are investing.
these are the types of coins to look out for in 2020.
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Well generally speaking, the life of any altcoins depends on how useful the coins are, how big and supportive it's community and how eager the developer to constantly do the upgrades of their projecs.
Exactly. For example look at coins like Creditcoin. Was invested in by Brian armstrong (CEO of coinbase) and as a result has gained alot of media interset and followers. they are bringing hte credit system onto the blockchain which has never been done before and can be used globally |
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Great well I took the plunge and moved some money over from Bittrex to OKEX to try it out and its okay, seems to be alot of bot trading though for some coins, luckily the coin i wanted to buy (creditcoin) there wasnt bot trading but for some other coins it seems to happen alot
is this normal on these exchanges these days?
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trading is pretty simple man
honestly what I do is just check the news for press releases relating to big firms such as coinbase and y combinator and then also invest in those same projects
for example, my recent gainer was a coin called Creditcoin, invested in by Brian Armstrong / Y combinator etc
saw the press release and bought and then waited for the 2x and sold.
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Great, so would you say that most of the coins listed on OKEX are prety legitamate compared to other random chinese exchanges?
For example Creditcoin which is only listed on OKEX and Bittrex from my understanding it is very hard to list on those exchanges if its a scam
would you say that is correct?
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Bitcoin doesn't bring anything new to the table. Look at Creditcoin and what they are doing in Nigeria. https://techpoint.africa/2020/04/03/millions-of-west-africans-can-now-access-affordable-health-insurance-thanks-to-aella-and-hygeia/AellaCare is democratizing standard healthcare, especially in Africa’s most populous nation where less than 10% is covered by any kind of health insurance. AellaCare is underpinned by Hygeia HMO’s reputation as one of the largest health maintenance organizations in Nigeria and Aella’s competencies as a blockchain-backed financial technology provider offering flexible and secure online payments and more personalized solutions. In addition to its broad array of financial products — savings, insurance, payments, and specialized loans, Aella’s newly introduced in-app payment also allows users to buy airtime, buy mobile data, pay electricity or internet bills, among others. All of this is done using BLOCKCHAIN technology and imagine if it were to bring 200 million users onto the platform it would make it the largest blockchain app in terms of DAU |
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Long term we will see huge growth in emerging markets such as in Africa and across Asia once we recover from the global crisis.
Fintech projects such as CreditCoin are already building an infrastructure to play a major role in the growth of financial systems across emerging economies, and it is exciting to see what is in store.
That would always have been the case, honestly, with or without the global crisis. The crisis affects everyone for sure, but especially in developed countries people get shocked the most. I only would say poverty populations in Asia and Africa get the worst shocks, and when they bounce back, it is the upper class who benefit, not the poor. Take a look at this article. Creditcoin is working to benefit the poor with Aella Care, basically using blockchain technology to provide affordable health insurance to over 200 million uninsured Nigerians. This would make it the largest DAPP in terms of users and the largest blockchain product no wonder Coinbase and Y combinator invested |
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Take a look at creditcoin
>Coinbase investment
>Y combinator investment
Also just announced the launch of AellaCare which is going to provide health insurance to 200 milllion Nigerians
Think about what could happen if 200 million users were to join a blockchain platform it would make it the largest DAPp ever.
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Daily Reminder , this coin is making big moves heres a quote from a recent article "Aella Credit, has raised USD $10 million in order to expand across Africa and build its blockchain-based lending market, CreditCoin.
Aella Credit provides a broad array of financial products — savings, insurance, and specialized loans — specifically tailored for the needs of low-income households, entrepreneurs, and early-stage businesses in West Africa and beyond, with a view to lifting many out of poverty.
Founded back in 2015, Aella Credit has more than 300,000 borrowers across its Employer-Backed and Direct-to-Consumer verticals.
' Not to mention the coinbase & y combinator investments and the teams policy of only listing on top exchanges this coin is getting pretty close to hitting that 100x mark. |
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My strategy has been to follow the invesments on big funds and their announcements.
For example a recent coin i have invested in is a coin called Creditcoin.
The coin was invested in by Coinbase and Y combinator and after i saw the press release I did the same.
Already up 5x lol
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Bad projects are of different levels, some projects will perform worse in any market condition, some relies on Bitcoin uptrend movement, projects that are pump and dump or copycats are worth calling scam, one reason why coinmarketcap is useful is rating on projects, go for top coins only
One thing for sure, is that prices don't reflect a cryptocurrency's legitimacy. I've seen many worthless altcoins being pumped in price across the market. But they turned out to be failures over time as they were unable to provide real use cases for the mainstream world. Nowadays, people are focused on making money than using crypto's core Blockchain technology for their own benefit. They don't care if a project is hyped or inactive in development and innovation. As long as an specific cryptocurrency fills their pockets, nothing else matters. When a bear market comes, they come "whining" across different social media platforms (this forum included) because of undesired losses. Shame on them for not doing their own research. Besides, crypto is not about price but rather how useful it is within the mainstream world. As long as a cryptocurrency project focuses on decentralization, censorship-resistance, and security above anything else, it'll do fine regardless of its price on the market. The fact that most people are using Fiat as a unit of account to determine the value of an specific cryptocurrency, brings speculation to the entire blockchain space. If you're smart, you'd take your time to performing a research on the project's team, development efforts, and long-term vision before making an investment decision. That way, you'll reduce risks as much as possible when a bear market comes into play. With or without a bear market, crypto will stand strong as an alternative system to the world's monetary system. Just my opinion  ] You are spreading misinformation. Prices do reflect the legitamacy of a coin. Look at Creditcoin for example invested in by coinbase, y combinator etc already up 6000% this year. If it wasnt legitamate why would the price increase that much? |
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