Tokens Usage 4.11.2023–4.11.2024

We are happy to announce SMARTCREDIT token usage plans for 4.11.2023 to 4.11.2024.

Table of Contents show

Deliveries 4.11.2022–4.11.2023

Let’s look first at our deliveries.

On 4.11.2022, we had two products on :

Fixed-term, fixed-interest-rate borrow
Fixed income funds

We have added one more product to :

Fixed-rate leveraged Lido staking (in beta at the moment of writing)

We launched a second platform — https://chainaware.ai — for the AI and Big Data analytics on Blockchain.

We stay on course to deliver the Decentral Autonomous Bank, a self-custodial bank with all the features of traditional banks. But the key difference to TradFi is that it is self-custodial.

The Plan for 4.11.2023–4.11.2024

Planned Statistics:

Circulating tokens at 4.11.2023 — 2,063,936
Circulating tokens on 4.11.2024 — 2,430,858

Planned Usage:

Bonus Rewards for the Borrowers and Lenders on Ethereum — 3’771 tokens per week, 196,074 tokens per year, 9.5% inflation
Staking rewards for the Holders — 2’004 tokens per week, 104,229 tokens per year, 5.05% inflation
Marketing tokens — 30,959 tokens annually, 1.5% inflation
Team tokens — 36,807 tokens, 10% of the annualized inflation, to be allocated at 4.11.2024
Inflation per year — 17.83%

Token Usage 4.11.2022–4.11.2023

Summary:

Circulating tokens on 4.11.2022 — 1’931’965
Circulating tokens on 4.11.2023 — 2,065,070

Statistics:

Bonus Rewards for the Borrowers and Lenders on Ethereum — 3’158 tokens per week, 164’217 tokens per year, 8.5% inflation
Bonus Rewards for the Borrowers and Lenders on Binance Smart Chain — not yet launched; reward tokens were not used
Bonus Rewards for the Borrowers and Lenders on Polygon — not yet launched; reward tokens were not used
Staking rewards for the Holders — 2’415 tokens per week, 125’578 tokens per year, 6.5% inflation
Integrator Bonus Rewards — 14’490 tokens annually, 0.75% inflation
Marketing tokens — 14’490 tokens annually, 0.75% inflation
Team tokens — 13,197 tokens, 10% of the annualized inflation, to be allocated on 4.11.2023 (team tokens are always paid with 12 months delay and calculated as 10% of the additional token supply)
Liquidity adjustments — -200’000 tokens, -10.4% annual inflation
Inflation per year — 6.8%

Initially, planned inflation was 28.9% per year. Due to the crypto winter, we reduced our token inflation, resulting in a 6.8% annual inflation.

Changes to the Previous Epoch

Here are the key differences to the last period:

We reduced the staking rewards a bit; however, if we calculate that 50% of the circulating supply is staked, the real return for the stakers is more than 10%.
We increased the borrower/lender bonus rewards to facilitate platform usage.
And we reduced the marketing budget.

The planned inflation for the new period is 17.8%. We work on keeping the real inflation lower than the planned one.