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How it Works

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Decentralized Marketplace

Our decentralized global marketplace enables peer-to-peer lending of ether and stablecoins.

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Tokenization of Credit

Loan agreements are transformed into freshly minted ERC20 Smart Money tokens. The principal value of Smart Money tokens is protected.

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Crypto-Credit Money

As a lender, you can use your lent money in the form of freshly minted crypto-credit money – Smart Money tokens – to pay third parties. In turn, they are able to pay other parties, and so on.
As a borrower, your principal and interest payments are automatically dispatched to the Smart Money token holders.

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Credit Risk Management

Credit risk is managed through a combination of collateral, mandatory loan insurance, legal enforcement of contracts, credit scoring, and several other parameters.

Benefits

Borrowers

You can borrow ether or stablecoins – with less collateral than other platforms – thanks to the automated credit risk rating! 

Lenders

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

As a lender, you can use the newly 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 SmartCredit.io loans are principal-protected. The loss provisions fund steps in if the borrower doesn’t pay.

All loans are based on legally enforceable, peer-to-peer loan agreements. The insurance will initiate legal proceedings against non-performing borrowers.

Online Buyers

As an online buyer, you can use SmartCredit.io to buy on crypto-credit – without the credit card companies. We cut out and disintermediate the middlemen.

Online Merchants

As an online merchant, you can lend to your buyers at your own conditions. You are able to sell on crypto-credit without involving any credit card intermediaries.

As a merchant, you maintain liquidity after lending. You can use freshly minted crypto-credit money to pay third parties, who in turn can pay further parties and so on.

Compared to our Competition

The first generation of our competitors use overcollateralized lending: “I’ll lend you 100 tokens, if you give me 200 ERC20 tokens as collateral.” Why would you accept this?

The second generation of our competitors use overcollateralization with margin calls: “I’ll lend you 100%, if you give me 200% collateral, but I’ll sell your collateral if collateral price to loan value declines to 130%”. This works fine until the first collateral firesale…

The solution is SmartCredit.io – we offer you:

  • Credit scoring based collateralization
  • Automated AI-based credit scoring
  • Loans are protected via the loss provisions fund
  • Legally enforceable peer-to-peer loan agreements
  • Online merchant integration
  • Newly minted crypto-credit money – Smart Money tokens – are distributed to the lenders. Smart Money tokens are principal-protected. Lenders can use them to pay third parties, who can continue to use the tokens for payments.

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 February – 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

Co-Founder & CEO

Tarmo
Ploom, Ph.D.

Co-Founder & CTO

Marc
Lauper

Chief Creative
Officer

Stacey
Schneider

Marketing
Consultant

Bodo
Naef, Ph.D.

Banking
Expert

Christoph
Bell

Legal
Partner

Advisors

Jon
Matonis

Advisor

Walter
Dettling, Ph.D.

Blockchain Business
Model Advisor

Daniel
Mischler

Advisor

Norbert
Perrot

Credit Risk Models
Advisor

Daniel
Burgwinkel, Ph.D.

Blockchain Business
Model Advisor

Asse
Sauga

Advisor

Alexis
Sheikh

Advisor

Member of

Zug,
Switzerland

Paris,
France

Tallinn,
Estonia

Frankfurt,
Germany

Media mentions

Disruptor Daily

Disruptor Daily

Hacker Noon

Hacker Noon

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

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