What is SmartCredit.io (SMARTCREDIT)?
SmartCredit.io is an AI-driven self-custodial neobank that has over 20,000 registered users. It provides a decentralized, peer-to-peer platform for global lending, connecting lenders and borrowers without intermediaries. The goal of SmartCredit.io is to provide all financial services that conventional banks provide, but in a self-custodial manner that complies with all applicable regulations. Besides, SmartCredit.io does not impose bank run risks as other Money-Market-based lending systems do. The SMARTCREDIT coin is the native utility token of the platform.
Borrowers on the platform are provided with fixed-term and fixed-interest-rate collateralized loans, while lenders can enjoy personal fixed-income funds. Moreover, SmartCredit.io employs the Positions Monitoring System that allows the effective use of collateral. Besides that, the platform provides users with a variety of other benefits, including fiat on-ramp/off-ramp service via Mt Pelerin, AI API and borrow/lend SDK integrations for other wallets and platforms, as well as staking services that allow users to earn rewards.
Additionally, the project has its own AI product line, which can be accessed through the smarttrust.io platform. It features a free-to-use AI-driven predictive Crypto Fraud Score, AI-driven Crypto Trust Score for lenders, and AI-driven Continuous Transaction Monitoring tool for other crypto service providers.
The SMARTCREDIT crypto asset can be used for various purposes, including providing bonus rewards to borrowers and lenders on Ethereum, offering staking rewards to holders, and giving integrator bonus rewards. Furthermore, borrowing and lending transactions on the platform are carried out with the SMARTCREDIT token as well.
Martin Ploom and Tarmo Ploom, both Chartered Financial Analysts (CFAs), created SmartCredit together. The two had been vice presidents for Credit Suisse in Zurich, Switzerland, for a decade.
The live SMARTCREDIT price is featured on the SmartCredit.io price chart above.
