Mainnet 1.0 from DeCredit LIVE on November 1, 2021


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Singapore, Singapore – (Newsfile Corp. – November 1, 2021) – Discredit created their first version of Credit Oracle on Chain and implemented it.

DeCredit Mainnet 1.0 released

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The DeCredit team is made up of personalities with several years of experience in the credit field. All team members have rich industrial resources in the areas of credit contract, big data in credit, industrial funds, data risk control, etc.

  • DeCredit Mainnet 1.0 launched on BSC on November 1, 2021 (UTC + 0). Once the mainnet is launched, several cryptocurrencies will be accepted such as; $ USDT, $ BNB, $ ETH, $ BTC, $ BUSD. These cryptocurrencies will be available for deposit and withdrawal in the wallet.
  • Bet the $ CDTC to earn more on DeCredit (app.decredit.io)
  • Users can also trade the DeCredit Token $ CDTC on CEX-BitMart with the $ USDT trading pair.

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Discredit

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The main thing is to work with the DeCredit Credit loan models on the main network; to provide credit lending service to users and authorize other DeFi projects in the future with the off-chain credit information.

The DeCredit Credit loan model consists of 6 sub-models. These are:

1. Debt ratio
2. Asset analysis
3. Analysis of requests
4. Analysis of the history of loans or borrowings
5. Overdue analysis
6. Other analysis

The main relevance of staking is to verify the identification of eligible users who have already staked. The eligible user must wager and submit the application form, then the credit oracle will refer to the information submitted for each individual applicant to increase the amount and limitation of the loan with the same mortgage rate.

The whole check and its final result (individual credit status) will be carried out by the “De-credit scoring system”. It is an optimized procedure for DeCredit to process this credit data with a Credit-Scoring & Credit-Matching algorithm.

The Credit Oracle is a bridge connecting the blockchain and the real world, and complements off-chain off-chain credit data.

The Credit Oracle will carry out the development of its special features with DeCredit and will arrive to us in the near future.

DeCredit aims to expand and implement more application scenarios and accelerate the construction of global credit oracles. Based on open source, DeCredit will provide powerful credit data services for other DeFi, NFT and Metaverse projects in the future to strengthen the entire ecosystem.

Contact:
Jenefier Passlow
info (at) credit (dot) io

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101507

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