How it Works

World

Decentralized Marketplace

  • We offer peer-to-peer lending/borrowing of ether and stablecoins.
  • You will control your assets, you will control your private keys.
SmartCredit.io Logo

Tokenization, standardization and value protection of Credit

  • Loan agreements are tokenized into freshly minted ERC20 Smart Money tokens.
  • ERC20 Smart Money tokens are interest bearing and transferable.
    ERC20 Smart Money tokens principal value is protected with collateral and loss provisions fund.
Money

Interest bearing, transferable Crypto-Credit Money

  • The lender will receive Smart Money tokens, which are backed up with the underlying loan.
  • The lender can use Smart Money tokens to pay third parties.
  • Third parties can pay other parties with Smart Money tokens.
  • Interest and principal payments to the Smart Money token holders are done automatically at the loan expriration.
Money

Private fixed income fund

  • The lender can define his investment rules and set up his own private fixed income fund
  • The lender can relax – this fund invests as an automated investment engine
OK

Credit Risk Management

Credit risk is managed through a combination of collateral, loss provisions, legal enforcement of P2P contracts, credit scoring, and many other methods.

OK

Automated Crypto Credit Scoring

All borrowers will be ranked via:

  • Analytics of borrowers social media profiles
  • Analytics of borrowers Ethereum address history
  • Psychometric analysis

Good Credit Score results in relaxed collateral requirements and in better interest for the borrower.

OK

Loss provisions fund

  • Lenders and holders are protected with the loss provisions fund

Loss provisions fund takes over in adverse market conditions.

Benefits

Borrowers

  • Automated credit risk rating allows identifiyng good borrowers

  • Good borrowers have to lock in less collateral than on other platforms and have a better interest as well

  • Not so good borrowers can choose between other platforms and SmartCredit.io

Lenders / Investors

  • You remain liquid. The freshly minted Smart Money tokens, backed up by the loan agreement, are distributed to the lender.

  • You can use the freshly minted crypto-credit money to pay third parties. In turn, they are able to pay further parties, who can then do the same. So, you can lend your ether while maintaining liquidity.

  • All loans are principal-protected via collateral and loss provisions fund.

  • All loans are based on legally enforceable, P2P loan agreements. The loss provisions fund will initiate legal proceedings against non-performing borrowers.

Holders

  • Smart Money token holder will receive pro rata interest and principal from the loan

  • Smart Money token is like Dai, but interest-bearing to holder

Online Buyers

You can use SmartCredit.io to buy on crypto-credit – without the credit card companies.

Online Merchants

  • You are able to sell on crypto-credit without involving any credit card companies.

  • You maintain liquidity after lending – you receive freshly minted Smart Money tokens.

  • You can use Smart Money tokens to pay third parties, who in turn can pay further parties and so on.

Compared to our Competition

  • Most of our competitors are controlling your crypto assets private keys – in SmartCredit.io it’s you and only you who controls your assets.

  • All competitors are using overcollateralized lending and are preparing for the worst – in SmartCredit.io it’s your Credit Score which drives your collateral requirements. It’s in your hands to improve your Credit Score by providing more data.

  • None of our competitors (except Dai) are tokenizing the loans – SmartCredit.io standardizes, tokenizes and value protects the loans. And makes them transferable.

  • Dai is not paying interest – SmartCredit.io does. The loans are tokenized and respective holders will receive interest from the borrower.

  • None of our competitors has a loss provision fund – SmartCredit.io has it. Loss provision fund will jump in in adverse market conditions and will compensate the lenders/holders.

Roadmap

  • 2017 October – Concept
  • 2017 December – Whitepaper
  • 2018 March – Prototype
  • 2018 May – Pilot Phase I
  • 2018 September – Pilot Phase II
  • 2019 January – Pilot Phase III
  • 2019 April – Registration and Public Pilot
  • After 10’000 Registrations – IEO
  • 2019 Q3 – Market launch in selected European Countries
  • 2019 Q4 – Market launch in further European Countries
  • 2020 Q1 – Market launch in East Asia

Meet the Team

Our vision is to develop and launch peer-to-peer systems in finance, without intermediaries, for the wider benefit.

Martin Ploom

Martin
Ploom

Co-Founder & CEO

Tarmo Ploom

Tarmo
Ploom, Ph.D.

Co-Founder & CTO

Marc Lauper

Marc
Lauper

Chief Creative
Officer

Stacey

Stacey
Schneider

Marketing
Consultant

Bodo Naef

Bodo
Naef, Ph.D.

Banking
Expert

Chris Bell

Christoph
Bell

Legal
Partner

Advisors

Jon Matonis

Jon
Matonis

Advisor

Walter Dettling

Walter
Dettling, Ph.D.

Blockchain Business
Model Advisor

Daniel Mischler

Daniel
Mischler

Advisor

Norbert Perrot

Norbert
Perrot

Credit Risk Models
Advisor

Daniel Burgwinkel

Daniel
Burgwinkel, Ph.D.

Blockchain Business
Model Advisor

Asse Sauga

Asse
Sauga

Advisor

Alexis Sheikh

Alexis
Sheikh

Advisor

Member of

Crypto Valley Switzerland

Zug,
Switzerland

Chain Accelerator Paris

Paris,
France

Finance Estonia

Tallinn,
Estonia

TechQuartier Frankfurt

Frankfurt,
Germany

Media mentions

Daily Disruptor Logo

Disruptor Daily

Daily Disruptor Logo

Disruptor Daily

HackerNoon Logo

Hacker Noon

HackerNoon Logo

Hacker Noon

Bull.io

Daily Disruptor Logo

Disruptor Daily

Daily Disruptor Logo

Disruptor Daily

FAQ

When will SmartCredit.io be released?
The market launch for Europe will be in 2019 Q3. The market launch for selected Asian countries will be in 2020 Q1.

Which countries can use SmartCredit.io?
Creditors from any country may use SmartCredit.io. However, borrowers should be from countries in which SmartCredit.io is officially launched.

Is the use of cryptocurrencies required for SmartCredit.io?
Yes.

In which languages will SmartCredit.io be available?
Our intention is to make SmartCredit.io a truly global platform. All major world languages will eventually be supported.

Which cryptocurrencies do you support?
Ether and ERC20 Ethereum tokens. If EOS or other smart contract platforms become popular, we will add support for them, too.

Which platforms are supported?
Our first release supports the desktop Chrome browser with Metamask. In subsequent releases, additional browsers and mobile platforms will be introduced.

How many SmartCredit.io Tokens will be minted?
250 million SmartCredit.io tokens will be minted:
80% are allocated for the ICO.
20% are allocated for long-term partners, advisors and the incentive package.

How many SmartCredit.io Tokens will be minted?
250 million SmartCredit.io tokens will be minted:
80% are allocated for the ICO.
20% are allocated for long-term partners, advisors and the incentive package.

Goal of Pre-Sale Phase: USD 1 million
Goal of ICO: USD 25 million

Talk to us

and subscribe to
our newsletter