Tokens Usage for 4.11.2021–4.11.2022

We are happy to announce SMARTCREDIT token usage for 4.11.2021 to 4.11.2022!

Tokens usage

For the period 4.11.2021 – 4.11.2022, we calculate the following token usage:

• Bonus Rewards for the Borrowers and Lenders — 10% annualized inflation, 150’000 tokens annually or 2’885 tokens weekly
• Staking rewards for the Holders — 15% annualized inflation, 225’000 tokens annually, or 4’327 tokens weekly
• Integrator Bonus Rewards — 3% annualized inflation, 45’000 tokens annually
• Marketing tokens — 6% annualized inflation, 90’000 tokens annually
• Team tokens — 10% of the annualized inflation, to be allocated at 4.11.2022
• Total inflation per year — 36%

More Data

1. Circulating supply per 04.11.2021 — 1,360,243 tokens
2. The first team tokens were allocated to key team members on 05.11.2021 — 151,138 tokens.
3. The circulating supply per 05.11.2021 is 1,511,381 tokens.
4. The forecasted token supply per 04.12.2022 is 2,058,881 tokens.
5. The project account now has 685,862 tokens. The project allocates them mainly for the bonus rewards and staking.

Unlocking and locking

We unlocked 5’625’000 tokens from batch 1 and locked exactly all of them again for four years.

SmartCredit.io is a long-term play. We are transforming from the custodial banking system into the noncustodial financial system. SmartCredit.io will facilitate this transformation by enabling fixed-term loans, fixed-interest-rate loans, and DeFi Fixed Income Funds.

Here are the Etherscan links to the lock contracts:

1. Lock till 4.11.2022
2. Lock till 4.11.2023
3. Lock till 4.11.2024
4. Lock till 4.11.2025

We will unlock only as many tokens as required for the token utility every year. For the next 12 months, we calculate 36% token inflation, mainly for bonus rewards and staking. We anticipate smaller annual inflation after the next 12 months.

First Team Tokens Distribution

The team has 0 tokens so far and receives them always with a 12-month delay. The team allocation is 10% of the circulating supply.

The first-time team tokens are distributed now — 151’138 SMARTCREDIT tokens to the key team members.

Additional Information

• SmartCredit.io website
• SmartCredit.io Application
• SmartCredit.io introduces DeFi Fixed Income Funds
• Yield Farming with Fixed-Term-Loans via SmartCredit.io
• Potential of Fixed-Term-Loans in Bearish Market via SmartCredit.io
• Potential of Fixed-Term-Loans in Bullish Market via SmartCredit.io

Follow us on Social Media

• Telegram: https://t.me/SmartCredit_Community
• Twitter: https://twitter.com/smartcredit_io