We are pleased to announce our next AMA on September 20th 2021 at 11:00 AM UTC Time: Satoshi Club x Decredit
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Decredit Telegram group
We will have the following structure:
Part 1: $100 /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: $100/10 users – Open chat for 120 seconds. You can post Max 3 questions. Decredit Team will select 10 questions and answer them.
Part 3: $300 – A quiz about Decredit
For more details:
Decredit Website – decredit.io
Decredit Telegram – @DeCreditenglish
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Learn about the project, basically DeCredit is a decentralized lending program backed by a credit oracle that conforms to peer-to-peer and end-to-end behavior on the blockchain network. But the risk associated with the lending platform is smart contract risk. So has the smart contract been audited? Is there any safety mechanism to prevent over-mixing (to prevent any foul play/hacking)? How does DeCredit apply to a witness node or deploy/manage a smart contract?) Also how do users trust that DeCredit is not like other scam projects?
Learning about the project, I saw that DeCredit will provide a decentralized multi-asset storage pool called Mpool. What major currencies will be supported when Mpool is launched and how will users deposit assets into it? How will Mpool’s lending and risk management process be directed or managed? Smart contracts are prone to errors and even recently three major DeFi projects have fallen victim to this, costing users money. What is the main reason that makes Mpool really safe for users? What will you offer to Mpool people to earn their trust and how will that set you apart from other projects?
The purpose of DeCredit is to gradually diminish and eventually eliminate collateral. The economic crisis of 2008 comes to mind. The traditional economy was pulled down by a series of hazardous unsecured loans. Many new projects made a good impression at first but were suddenly abandoned. So, how does DeCredit intend to avoid making the same error again? How will you manage the project and token to gain a place in the market and become a best token in the blockchain world?
It States that your team has deeply engaged in credit investigation market for many years and has rich industry resources in credit investigation protocol,big data credit investigation,industrial fund,data risk control,etc. Does that means you have full control over your users?
DeCredit empowers the DeFi market by introducing the credit loan models, that is, linking credit authentication nodes and credit Oracle to lending products,on the premise of existing encrypted collateralised loan models what happens to loans that users feel reluctant to refund back?
Briefly discuss how the developers of thus project plan on controlling the liquidity of it members?
In Q3 2021 DeCredit will deliver a solo DeCredit rating system with DeCredit Scoring algorithm. Please explain how this scoring algorithm will work if a load/requestor has never been a DeCredit customer? Are you in partnerships with any banking institutions or Credit organizations to have an access to rating systems?
DeCredit claims to aiming to change lives of many when it comes to business loans, microloans or personal loans. What are the limits of each type of loans? Does it depend on customer geographical position, qualification or means of guarantying the loan to DeCredit?
question:
How do you optimized or expand the usecase of the $CDTC token apart from being the native utility token of the DeCredit platform?
The project’s end goal is to ultimately remove collaterals , but how will you implement this goal when you allow collateral in the DECREDIT TESTNET?
DeCredit is a DeFi 2.0 protocol that empowers the DeFi market by introducing credit lending models, i.e. linking credit authentication nodes and Oracle credit to credit products. This combination is really interesting. How will this help drive a transparent credit lending model that makes it easier for users to obtain credit and repay it? How will DeCredit manage to progressively reduce and eventually eliminate collateral, allowing for the staggered allocation of resources and enabling the blockchain paradigm to inclusively enable the traditional financial lending sector?
LABS Group is the world’s first end-to-end blockchain-powered real estate investment ecosystem. And I could see from your website that you have a strategic partnership with LABS Group. My question is, what were the reasons you have chosen LABS as a strategic partner within DeCredit? Considering that LABS is a platform dedicated to the real estate world and DeCredit is based on decentralized lending, with this new merger, how will the users of both platforms benefit and how will this help them to acquire real estate in an easier and faster way?
I see DeCredit will be offering a decentralized Multiple Asset Staking Pool called “Mpool” in its platform. May I know what cryptocurrencies/tokens it will support? Also, what are needed/requirements to make a deposit into that pool?
Can you explain to us thoroughly how does the Loan-To-Value and liquidation mechanism of each model works? Also, which offers more secured risk management when users are partaking in a collateral loans and credit loan
What makes DeCredit unique and beneficial compared to its competitors in the DeFi lending platform market with likes of MakerDAO, Aave, Compound and Curve Finance?
I read that DeCredit has invested time and effort in providing DeFi powers, but I have also noticed that in the DeFi market there are fewer and fewer powers to support funds from private individuals, while for entities or huge platforms if they have better support. Does your platform offer a balance of both endorsements or does it prioritize entities more? What quality of fund support do you offer for private individuals?
The introductions of current credit loan models in DeFi 2.0 platforms is very common and some do not have a good quality credit loan model, they demand multiple requirements that filter almost an entire market, how flexible is the loan model credit through DeCredit for the market? Some people like secured loans and others don’t, are DeCredit loans secured or unsecured?
On your website I read that you link credit testing nodes and Oracle credit to credit products. What premise of loan models do you use in your ecosystem (existing or private)? I read that you want to enable the traditional financial loan sector in an inclusive way, this generates a great debate, which side do you choose between the traditional and the decentralized? or do you want to form a bridge between both sides?
On your website it is stated that DeCredit is the world first on-chain plus off-chain” omni-channel lending scenario.Can you please elaborate more on your platform being an “On-chain plus Off-chain Omni-Channel” lending scenario to the whole lending market?What are its features and what benefits does bring to your platform? Thanks
One of the most innovative things about DeCredit is that it allows users to obtain loans without deposit capital as collateral, however is it really safe to do so? What are the risks for a lender who decides to lend capital under this system?
I noticed you have partnered with Litentry a cross-chance Decentralized Identity (DID) Aggregator that enables the linking of user identities among multiple decentralized networks.Can you tell us more about about this partnership?What will this partnership accomplish?Will you incorporate Litentry’s DID credits into your existing credit model?
Decredit will not be just a Defi project, in fact it was built for something bigger, can you explain to us what is your relationship with the real estate market? What other type of market do you plan to operate in?
I am a typical lending user and I trying to find a new platform, so can you tell me what are your advantages over other lending protocols like unilend or Aave?
There are large number of DeFi platforms in the internet and they provide lending and borrowing services for their specific rates so How do you offer the credit loan for the users and how much can be got as a lone? What are the lending products that you have to offer and What are the basic requirements for applying a loan? What are the acceptable crypto currencies for the collateral?
DeCredit has dedicated 10% of it’s total tokens to support the construction of Oracle services around the world,but presently your credit investigation Oracles are carried out in a coordinated regional manner which is active in the US,China,the EU and Japan.How do your team plan to make its Oracle services go round the world?Can you please explain more of this Credit Investigation and why does your Oracle need to rely on credit data from governmental authorities in different regions and countries?The 10% already dedicated to support construction Oracles services,will it increase when it finally goes global?
We all know that NFTs are a popular product nowadays and you were recently working on a product called “NFT module”, there is not much more information about this module, what will be the function of this module to generate income for DeCredit in the NFT market ? In what phase of development is this module and what associations have you considered essential to obtain popularity in the NFT market?
There are two objectives that DeCredit has cataloged as fundamental for this month: “Preparation of IDO events and The listing business”, How a successful listing business is formed according to DeCredit’s opinion and in what month the launch of the IDO events will be available ? What profits will the launch of both products generate for the development of your financial ecosystem?
I love that some platforms have taken the initiative to publish monthly articles or reports that inform investors that corrections have been made in the month, partnerships, product launches and marketing activities, all this in order to demonstrate that the platform it is growing. Have you considered the idea of informing new investors about the progress of your project through articles or detailed informative reports like these? How is the management of educational information handled at DeCredit?
You introduced the LABS group with the DeCredit platform so what is the importance of the LABS group for both DeCredit platform and community? The DeCredit is powered by credit oracle that matches peer-to-peer and user-to-user ending behavior on a blockchain network.so why do you matches peer-to-peer and user-to-user ending behavior on the DeCredit platform? And how do you manage the privacy and the security of the platform users while using this matches? Do you accept KYC for the platform users?
The main purpose of the Decredit platform is providing credit loan models but you Only reserved 20% of the total token supply for ssupporting the ecosystem development of credit loans and provide ecological support for the lending and borrowing entities so why did you reserve less percentage for lending and borrowing? 25% of the total amount you reserved for Staking and yield farming. The highest percentage you reserved for the staking and farming feature so why did you reserve highest percentage for this feature?
With which wallets DeCredit is compatible, it can be affiliated with any wallet or it is exclusively MetaMask with which it can operate, because some projects can only be incorporated into an exclusive wallet, what are the benefits that this exclusivity grants, what is the scope of the model credit loan proposed by DeCredit, of all the characteristics that DeCredit has, which do you consider to be the most important and capable of attracting new users, investors and participation of new partners and collaborators?
The NFTs that DeCredit introduces in this real estate RWA do they have any support, once they are minted do they have any role in the DeCredit ecosystem? Does your platform offer some type of support or advice to its users, as they plan to help the community that does not speak English, do you think that DeCredit can have an impact on the cryptocurrency culture?
As DeCredit plans to build DeFi protocal 2.0, what is their strategy for the distribution of tokens, through a fair launch or they plan to carry out public or private presale, could you explain why these 2 practices cannot be applied in a project, What can you tell us about the participation group Mpool, which coins will be accepted and how will your collection system be?
In one of your most recent releases an R-IDO with DuckDAO is planned, I don’t know much about DuckDAO and it makes me curious that it is not a simple IDO but an R-IDO, I don’t know if I’m the one who is not very informed about it terminology, what does D-Credit refer to by launching an R-IDO? Does this contain any additional services compared to a conventional IDO? Why did your platform choose DuckDAO to perform an R-IDO?
In your path of associations you have obtained the collaboration of renowned platforms and that is a determining factor for the growth and valuation of a token, the last recent partner that DeCredit obtained is Litentry, Litentry is famous for its authentication developments, DeCredit will improve its current authentication system through this association? What benefits will both platforms obtain behind this association?
I read a little about the tests carried out on the deposit / loan extraction function, this area has been a very sensitive department in the last month for DeCredit, what errors did this area present in your services, how long did the tests last and what solutions developed to solve this need in your ecosystem?
Your Medium channel mentions that your platform entered a stage of internal tests related to “The mobile end”, the article says that a lot of work was done on correcting errors in this product, what aspects of this product were failing and what results were yielded internal tests once done? Did this generate any loss of money or was everything resolved normally?
I read in medium that your platform is making a huge aidrop for 2,200 winners, 50,000 CDTC tokens will be distributed. That is a huge airdrop, I read the rules and all the premises that must be taken to participate, is your platform currently in an advertising and airdrop period or are you developing a strategy to generate an increase in holders? What strategies have you proposed behind these huge airdrops?
I have seen that many platforms have put a huge effort into establishing the tesnet, you announced that you would launch your tesnet for mobile devices, not all of us know how to perform these installation steps correctly, What steps should a common user take to implement the tesnet in a mobile device and what benefits will this launch bring for the development of your DeCredit ecosystem?
What distinguishes Decredit from other loan products? What do you think is necessary for the decredit platform to be long-term and develop? What are you doing to keep the decredit project up to date with the latest technological developments and not to go out of fashion?
DeCredit is a DeFi 2.0 protocol that represents the world first “on-chain plus off-chain” omni-channel lending scenario. What does this mean, could you tell us more? What is the essence of omnichannel and what benefits does it give DeCredit and its community? How is lending “on-chain plus off-chain” carried out, what exactly do you mean by this thesis? Is it a link for online and offline lending, or is it something more global: a link for lending from the cryptocurrency world to the real world?
On the 2nd half of 2022, DeCredit plan to launch a Distributed ID in which you will offer each of your user a Distributed ID and count his on-chain Credit data into DeCredit’s oracle as well. So,can you explain more about this Distributed ID and it’s particular uses to users?What are the advantages if your users will have a Distributed ID? What are the data needed to be able to secure a Distributed ID in your platform?How unique is this Distributed ID? Thank you
Greetings DeCredit, you are creating a system based on credit loan models. My question is: can this system really eliminate collateral? Is it true that you plan to link credit authentication nodes and Oracle credit to credit products? You can give us more details about these functions that DeCredit offers
DeCredit is launching a 50,000 CDTC Testnet Airdrop. So,can you explain more about this event, especially the mechanics and requirements of this TestNet Airdrop of DeCredit? How to participate and be eligible with this Airdrop? Can anyone join this event?How many days this event will run and when is the duration? What is the motivation and purpose of this Testnet Airdrop event of DeCredit? As follow up of this event,can you give us any hint about your next event after this Testnet Airdrop? Thank you
On your website you mention that your team is deeply committed in credit investigation market, including data risk control and investigation, so could you explain to us what are the main privacy and security solutions that DeCredit has to offer to the DeFi market?
LABS group is one of DeCredit’s main allies to provide solutions to the world of Real Estate lending, so in one of your schemes describes Real Estate Project 1, Real Estate Project 2 and Real Estate Project 3, you can tell us what these three projects consist of? How will LABS intervene in each of them?
As stated from available documents, DeCredit will support two loan models of Collateral and Credit loans. It is said that the Collateral loan model which is suitable for situations involving crypto leverages has it’s protocol somewhat like that of AAVE. Can you briefly talk more on this, how does DeCredit arrive at a suitable loan value with this model, and why was it necessary to mirror it’s protocol to that of AAVE? Also, since the Credit loan model can be applied to wider loan scenarios, what sort of credit scoring system is adopted for this model, and how does the protocol efficiently execute this loan model?
Hello Decredit, knowing so many Defi projects that exist in the market, I would like to know what differentiates it from so many existing projects? What is the vision and the advantages that Decredit offers? I see that they form an important alliance with the LABS Group. But what is the mission of the LABS Group within the project? Can you explain and give us more details of the functions that the LABS Group will fulfill?
Greetings, Decredit, I see that there is good information on the project, but it caught my attention and I was reading that they will build a distributed storage solution, and their own decentralized credit oracle, with node aggregators? When will these features be ready in Decredit? Will it be by the end of this year? have a date for these releases, you can give us more information to learn more about these updates.
The platform token of DeCredit, CDTC is said to function as a governace token giving certain rights and privileges to holders. Can you let us in on some of the privileges and governance rights available to CDTC token holders, and will DeCredit adopt a weighted system (number of individual tokens held) in applying these governance rights? Also as the total token supply would be 300 million CDTC, with 5% and 12% allocated for airdrop and Community treasuries, can you talk on your planned airdrop events and how will this allocation cover it, and since Community allocations also covers marketing and governance activities, how is it periodically released?
✨The project is a great opportunity for investment in real estate assets. ✨
My question lies, Lendco will allocate funds in different projects.What kind of projects and will it be on projects at global level or certain specific country? What are your plans regarding south asian countries?
In your roadmap you mention that in this phase of the project you will develop a single DeCredit rating system with DeCredit Scoring algorithm, can you tell us how this scoring will work and what benefits will there be for investors in each tier? What actions will allow users to position themselves within the ranking?
DeCredit is a DeFi 2.0 protocol that empowers the DeFi market by introducing the credit loan models, which links credit authentication nodes and credit Oracle to lending products, to reduce or even eliminate collaterals. Third parties used as collaterals are a problem that involve more expensive transactions and failures on privacy, by eliminating collaterals, is DeCredit solving this problem? Using DeCredit can make my transactions less expensive and more private?
Hello DeCredit team! I read in your roadmap that for the fourth quarter of 2021 you plan to expand your credit loan to more real world scenarios … there is very little left for that! I would like to know what are those real world scenarios that you mention. Can you share some of those with us? What will be the first real world scenarios to which you will expand? Thank you!
DeCredit is a decentralized lending program powered by a credit oracle that matches peer-to-peer and user-to-user ending behavior on a blockchain network. What is the role of LABS group, that specializes in real estate, in helping DeCredit as a collaborator to reach those goals?
You mentioned that although there are other companies that have node-as-a-service business models and technology, nobody does it like StrongNode. What makes StrongNode different from those other companies? How will StrongNode fundamentally reshape the future of how increasingly valuable compute resources are accessed and monetized?
Sorry admin, this question is for StrongNode AMA!
I read that a few days ago DeCredit launched the 50,000 CDTC Testnet Airdrop. How can we qualify to be chosen winners? What are the rules to follow? How many winners will there be in this airdrop? When will the aidrop end and when will the winners be announced? Is it a requirement to have a Twitter account to participate in this airdrop?
Decredit Project conducted an audit with Knownsec audit firm & it says the average condition is safe. So were there any bugs found on your smart contract & did you resolve them after auditing? Btw, most of users are familiar with Certik, CyberCrime Shield etc.. Why did you select Knownsec as you audit partner? Are they good in finding out even a small bug on Smart Contracts? If you will do more audits on DeCredit project, Will you work with Knownsec again or Will you hire the service of Certik?
I want to know more facts about DeCredit Labs group. It says that the mission of the DeCredit Lab is Creating a real estate investment environment by using end to end blockchain system. Could you please tell me, How this real estate investments work in DeCredit project? If you don’t mind, Can you tell us the locations of the real estate that DeCredit Labs invest on? Are there more investment packages suited for as well as the retail investors & large investors also? If a investor buy a share of real estate, How much will be the profit after selling it? Does the DeCredit labs control by the DeCredit team or Community?
DeCredit has been declared an airdrop regarding their Testnet was going live from 19th of september to 28th of september. Pleasd provide us necessary details regarding this Testnet airdrop? What are the mandatory tasks & necessities that participants should do? Should there be a balance of BNB in our Wallets, Should we use Trust Wallet or Metamask wallet in the airdrop? Do you have a video tutorials that guide us to complete this testnet airdrop easily? How much is the prize pool for the winners & How many winners will there be at the end of airdrop? What are the rules, impacting on testnet airdrop?
It caught my attention that you offer over-collateralized loans. I am familiar with obtaining loans from Celsius and Nexo by keeping my cryptocurrency holdings as a collateral. Do you have the similar procedure? Although over-collateralized loans reduce the risk for the lender, collateralized loans are convenient for borrowers. What are the advantages of obtaining an over-collateralized loan from you? To prove the creditworthiness for this type of loan, the collateral needs to exceed the value of the loan. Do you calculate that amount as a percentage of the loan value? What type of collaterals do you accept?
I noticed that 20% of the total $CDTC supply has been allocated for staking and yield farming. Another 20% has been reserved for marketing purposes and the community treasury. However, the allocation for the token sale is only 18%. Will the token sale be highly competitive? According to my knowledge, the token sales are yet to be announced to the community. Since the community has to compete to share a portion of 18%, could you please explain the stages of your token sale in advance and the methods for preparation? What is the maximum I can invest?
Generally speaking, current trend is interwinding DeFi and Web 3.0. We can see many fresh projects are emerging according to this trend. However, you have designed DeCredit as a DeFi 2.0 protocol. I am not stating that DeFi 2.0 is outdated. I am curious to know why you have selected DeFi 2.0 instead of choosing DeFi with Web 3.0. Did you identify any benefits to your project? Are there any drawbacks of choosing the new model for a project like DeCredit? Conversely, do you have any plans for new integrations in the future?
You offer secured lending and loan. Also in the fourth quarter, you expand your real estate loan. Where can we get acquainted with the detailed terms of crediting and loans? Who has the right to receive loans, what interest and repayment terms, what collateral and in what cases is it accepted? Is it possible to return early and how is the creditor insured in this case?
You hope to launch DeCredit platform’s first Refundable IDO on DuckSTARTER Launchpad on 22th of September at 2 PM UTC. Firstly tell us the procedure on how to be whitelisted in order to participate this IDO? Should we follow the KYC process also in Whitelisting event? How about the $CDTC tokens availability on the Refundable IDO? What is the minimum & maximum allocation per one user? What is the price of $CDTC token & how will the tokens be distributed after IDO, I mean What is the vesting Schedule? Which currencies should I use to buy $CDTC in there? And also I saw that you have restricted some countries such as USA, Syria, Iran etc.. Why is that?
Immediately after Seeing DeCredit platform, I remind the NFTs since you involve in Collateralized loan. Most Financial/Loan platforms use NFTs as Collaterals or as a pledge. So Don’t you have an idea of deploying NFTs for DeCredit collateralized loans in addition to Crypto currencies? If you will adopt the NFTs as a Collateral assets in future, Please give us a sneak peek about how the Collateralized loan system with NFTs will work better in DeCredit platform rather than traditional DeFis?
In first half of 2022, DeCredit will launch a decentralized oracle in the aim of building a privacy solution & run DeCredit scoring algorithm in a trustable environment. Can you give us a sneak peak about the decentralized oracle? Will it helps to relay information of DeCredit functionalities from off chain sources to on chain network securely? Before you integrate this feature in to DeCredit ecosystem, Will you test it’s condition or will you make a audit for this?
DeCredit aims to reduce and finally eliminate collaterals, enabling staggered resource allocation and enabling the blockchain paradigm to inclusively enable the traditional financial lending sector. This aims are said to be achieved through your Credit Loan Models. How does your credit loan models work and how is it going to reduce and finally eliminate collaterals? How will your lending platform work when you finally eliminate collaterals? In what ways your credit loan models is going to enable the blockchain paradigm to inclusively enable the traditional financial lending sector and staggered resource allocation?
While Reading through your website i saw the investment cycle between DeCredit, LABS Group and LendCo. Where DeCredit’s provides stable-coin lending pool for LABS Group, while LABS Group mints the property rights or titles of its housing assets to NFTs and deposits them into DeCredit’s pledge pool and then converts the borrowed funds into fiat money and gives it to LendCo. LendCo allocates funds to different t real estate projects and when the investment cycle ends, LABS Groups returns funds back to DeCredit and redeems the collaterals. This is crypto space gaining mainstream adoption. For companies and businesses that wants to have such type of collaborate with DeCredit, what requirements must they meet and will such collaboration be available only for housing estate? How does your ecosystem ensure each participator of the investment cycle keep to their part of agreement? How will you resolve situations where any member of the investment cycle fails in his part?
There are a lot of projects. We are looking for good projects. I like this project, seen good.