SmartCredit - AI-driven self-custodial neobank

[Antonina3485]

How can I participate for the sale?

[SmartCredit]

Hi what is next on the roadmap?

Please, you need to visit our official website https://smartcredit.io/

What is CELO?

Celo alliance @CeloOrg twitter

Is smart credit an investment platform?

crypto lending platform

What is the process for beta testing? How can we involved in the process?

Beta testers don't need to install the Rinkeby. They just need to select by the wallet settings, that they use rinkeby.

We will write a guide and we will put this into medium

Where do you see smartcredit in 2023 and will defi replace the old banking system?

We have been talking a lot about the banking system. Let's face it - decentral credit-systems have existed for 5000 years. It's just the commercial banks have the monopoly (franchise) from the central banks. However, blockchain enables all these 5000 years old concepts. So, it's not about replacing our 100 years old banking system. It's about re-vitalizing the good old decentral credit-system, which has served the people very well.

When people have the alternative, then they can choose - do they want to use the monopoly system OR to the want to use decentral system. Both systems continue to exist. But the ratios will have significant change - the decentral systems will take over.

As I understand this project is doing regular AMA sessions, but I don't see reports or recaps of it. Is there is a place where I can read results of this AMA sessions?

pls look https://t.me/SmartCredit_Community

Are the strengths of this project? What technologies will the project use?

pls look https://smartcredit.io/wp-content/uploads/2020/10/SmartCredit-Whitepaper-1.pdf

Can someone explain me diff between aave and smartcredit?

As i know, AAVE have dynamic rate for borrow or lending. It mean, today when you check the rate, it's 5% but tommorrow when too many people lending that rate will increase to 20%. So you will hard for controll your extracly money.

[LordShanken]

skip

Hello,

Your project looks very serious and professionally prepared. I think he can be a huge success. Unfortunately, I'm afraid that it won't happen if you will pay for the "bumping service". Anyone who reads a few stupid on-line questions will find out that all of these posts are fake. If you want to be taken seriously, you'd better not use such primitive "marketing" tricks.

[SmartCredit]

skip

Hello,

Your project looks very serious and professionally prepared. I think he can be a huge success. Unfortunately, I'm afraid that it won't happen if you will pay for the "bumping service". Anyone who reads a few stupid on-line questions will find out that all of these posts are fake. If you want to be taken seriously, you'd better not use such primitive "marketing" tricks.

Thank you for your attention to our project and appreciation. We treat every question that we are asked with great responsibility, therefore we answer every question

[Theones]

Do I understand correctly that your project does not have its own token (I did not find information about it in the Whitepaper)?
If you don't have your own token, why is your announcement thread on Bitcointalk in the "Tokens" section?

[SmartCredit]

Do I understand correctly that your project does not have its own token (I did not find information about it in the Whitepaper)?
If you don't have your own token, why is your announcement thread on Bitcointalk in the "Tokens" section?

pls look more info https://medium.com/smartcredit-io/smartcredit-token-model-1e2243c4c042

[Speedvps]

What is the process for beta testing? How can we involved in the process?

[SmartCredit]

What is the process for beta testing? How can we involved in the process?

We will answer this question during the AMA

When 1.1?

what is 1.1?

version)

When is that Tier 1 listing coming?

Stay tuned. Team will announce if there will be any update.

[bitMuscle]

I read that SmartCredit will simplify today's very complex credit creation process. With what will it do this?

[bj.fck.now]

Are there any plans to join the BSC network later?

[dontecalderone]

Did the management disclosed who will be the insurance company to protect the user funds?

[SmartCredit]

I read that SmartCredit will simplify today's very complex credit creation process. With what will it do this?

more info https://smartcredit.io

Is  V 1.1 expected in February or is pushed to early March?

in the near future

[kittehdome]

Will we be able to lend our smart credit tokens?

[siniavschi001]

From your whitepaper, it is claimed that when using the SmartCredit.io platform, every lender will have capabilities of a commercial bank and every lender will become a commercial bank. If this notion is actually true, how possible will it be?

[Lunar Crank]

I always have suspectly attitude to such project where in title use "Swiss bankers" or "Swiss bank system". It makes me attitude with such project carfully. Maybe it's unjustifiably attitude to team of this project. But, we'll see.

[SmartCredit]

I read that SmartCredit Co-Founders have big experience in the field of Credit-Suisse and other financial services companies. Can you tell more about it?

The ceo is the ex director of credit Suisse him and his brother, the marketing manager is the founder of many blockchain marketing groups aswell blockchain for women in Turkey, the blockchain architect has a doctorate in blockchain and defi the list of professionals is A class.

From your whitepaper, it is claimed that when using the SmartCredit.io platform, every lender will have capabilities of a commercial bank and every lender will become a commercial bank. If this notion is actually true, how possible will it be?

Yes, that's how it is.

Let's think on the banks - they create first money (the credit-money) and then the lend out the freshly created credit-money

Let's think on the fiat P2P systems - they cannot create any credit-money and they can lend out only already existing money. So, fiat P2P is no competitor for the traditional banks

Let's take SmartCredit.io now - every loan will be tokenized - in the ccTokens (ccETH, ccDAI, ...) and these tokens exist for the duration of loan (and they are backed with the loan). So, we are creating new tokens (which are backed) and we are lending the funds. That's why every lender willl be like a commercial bank - every lender will lend out funds and will create new money too

SmartCredit is partner of EU govement?

That's a non-profit organisation of the Fintech companies. We are always honoured to read the new regulations before they will become the new laws 😉

Will we be able to lend our smart credit tokens?

In the Release 1.1 this functionality is not yet there, but it will be there in the Release 1.2

[Antonina3485]

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?

[Igor56]

I want to know what's rinkeby?

[Svaytfrolov]

Have any update for ringkeby testnet?

[Sunderland]

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-eth
From 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-2300edb3d35c
SmartCredit 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