Borderless Credit Investment Network
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“Currency is not only used to buy goods and services ... people should be able to lend and borrow to make it a currency.”
James Rickards, Currency Wars

What is Creditcoin?

A sound currency must be lendable. Our goal is to connect blockchain assets with a straightforward protocol, to create an inter-blockchain lending market, bringing the crypto ecosystem closer to a sound currency. Creditcoin connects many blockchains to create a secure, transparent cryptocurrency lending market, that allows fundraisers and lenders to connect directly with one another.
Fixed Transaction Fee
Transferrable Loan
Matching Loan
Deals on Chain
Proof of Work
There are many people who are unable to obtain approval for a signature loan from a traditional banking system. Resultant of such, those individuals often turn to alternative methods in order to obtain the needed funding. However, they cannot build credit with such loans, since the credit records would not accumulate.
The solution is to build a system as they would, with a traditional bank loan that stores credit records objectively.

How it works

Match Orders
Fundraisers and investors post their loan orders with details (amount, interest rate and maturity) on the Creditcoin network. Investors can find fundraiser orders matching to their order.
Assess Risk
When investment and fundraiser offers are matched, the investor will assess the risk of the opportunity based on the credit history of the fundraiser on the Creditcoin network.
If an investor and a fundraiser agrees to make a deal, the investor transfers the loan to the fundraiser. The network verifies the deal’s completion by confirming the transfer of loan.
When a fundraiser is ready to make a repayment, the fundraiser transfers the repayment amount to the creditor of the loan. The creditor can close the loan cycle by confirming the repayment.