Gem Collectors 💎 AMA with CreDefi

> Chad Roulette:
Welcome team Credefi!

> Chad Roulette:
Looking forward for this AMA!

> Alex Stan:
Hi everyone!

> Chad Roulette:
Lets start the AMA with the first questions.

> Shv:
Hi everyone

> Chad Roulette:
Let us start with some simple questions for anyone who hasn’t heard of Credefi yet. Could you please describe what exactly is Credefi? What type of project is it?

> Shv:
Credefi is a unique protocol in many ways. We are pioneers in connecting DeFi with real-world businesses — a challenging task that very few projects have set to achieve so far. What makes us confident we’ll be successful in our mission is the lending mechanism we have developed, which makes our platform secure for lenders and easy-to-use and accessible for SMEs.

> Shv:
More specifically the acceptance of real-world collateral, its proper evaluation and administration in a user-friendly manner for SMEs allow those companies to easily join our platform and enter the DeFi world without fear. On the other hand, for lenders we provide a unique diversification opportunity — earning fixed yields not correlated to the crypto market volatility.

> Chad Roulette:
Sound great and clear, How did the idea came to be?

> Shv:
Together with the other team members we have been working in leading roles for several commercial banks, private equity funds, asset management institutions and Central Banks. Cumulatively we have more than 40 years in the industry. In our experience we have seen time and time again the great deficiencies of traditional finance, while witnessing the tremendous growth of DeFi and the opportunities it can open for the traditional finance space. That’s how the vision of Credefi was born.

> Shv:
We believe DeFi is the future of banking and are quite frustrated that so far it has very little connection with and impact on the real economy, it’s a closed universe. We aim to change that and open a brand-new niche in DeFi by enabling stablecoins to flow to real businesses and earn a fixed and non-crypto-related yield. At the same time we aim to become a gateway to DeFi and blockchain technologies for SMEs and render obsolete the outdated, bureaucratic and overregulated banking services SMEs now have to cope with, replacing them with quick, flexible and user-friendly funding solutions.

> Chad Roulette:
Awesome, so you guys have lots of experiance!

> Chad Roulette:
Totally agreed on this, it is really frustrating…

> Chad Roulette:
Talking about the other team members, Who is behind Credefi? Is it build by experienced crypto developers and marketers or is this for many of you the first project you’ve worked on?

> Chad Roulette:
Might we know you from any previous crypto projects? (or other work experiences, e.g. being the ex-CEO of Apple or something 😜

> Shv:
Well me and the other co-founder have been in the finance sphere and managed more than 600 million EUR in the Fund of Funds, personally I have worked for the European Central Bank and Eurobank. It is our first crypto project however we have been involved in the market with trading activity. Our developers however have vast experience in the field and it has been working with some of the leading protocols and blockchains as AAVE and Avalanche, as well as traditional tech companies as Booking.com.

> Chad Roulette:
Ooh that is insane!

> Chad Roulette:
Great to see that also the developers have lots of experiance

> Chad Roulette:
Besides that, The most of the team are Doxxed correct?

> Chad Roulette:
In my opinion it will give lots of trust for potential users/investors.

> Shv:
Yes the team is doxxed, on the website, and very active in TG too

> Shv:
We believe it is very important to be very transparent

> Shv:
We strive to connect with the community on a daily basis

> Chad Roulette:
Look, great to hear. Could you please share the link of the Telegram group?

> Shv:
Of course

> Shv:
🖼 https://t.me/credefi

> Chad Roulette:
Transparent is key

> Chad Roulette:
On Credefi.finance ill see many times “Module X” Please tell something about it.

> Shv:
We have implemented a 2-token economy model, which secures and stabilizes the platform, while increasing APY for our stakers and token holders. Through staking our native token CREDI in our ModuleX, you will be able to receive higher APY as well as mint our governance token xCREDI. Additionally, we have implemented a buyback and burn mechanism of xCREDI, in order to return part of the revenue generated by the protocol. Users will be able to stake CREDI tokens in our ModuleX and mint our governance token xCREDI right after the launch. Early stakers will enjoy the best conversion rate between CREDI and xCREDI, as well as increased APY and additional rewards as soon as the platform starts operations.

> Chad Roulette:
Well i like Module X hahaha

> Shv:
Module X also serve as the third protection layer in our 3-layer mechanism protecting lenders, the first two being our in-house proprietary credit scoring backed by Experian and the second — collateral of real-world and crypto assets. Module X will cover the time gap between a borrower stopping payments and their collateral being liquidated in the real world

> Chad Roulette:
Sounds really interesting!

> Shv:
🖼 To celebrate Crefefi’s launch and listing on KuCoin, we’re introducing a preferential staking program for our early CREDI holders allowing them to book a spot on the CREDI — xCREDI bonding curve and mint xCREDI at 1:1 rate to CREDI. It’s once in a lifetime opportunity and we welcome all Credefi enthusiasts to dive into the details available in the article here: https://medium.com/@credefi/discover-credefi-series-the-credi-and-xcredi-tokens-how-do-they-work-e31fe425b529

> Chad Roulette:
Listing on kucoin! Congrats on that🙏

> Shv:
Thank you

> Shv:
It was a big milestone for us

> Chad Roulette:
Talking about CREDI and xCREDI, Can you tell us a bit more about the Token and the tokenomics? It is always possible with some graphics/visuals.

> Chad Roulette:
Totally understandeble, in my opinion Kucoin is one of the biggest out there right now.

> Shv:
CREDI is our utility token that will be used to reward activity on the platform and act as an additional security layer by being staked in Module X. We will have a tiered structure for lenders and borrowers, whereby the more CREDI you hold (and stake), the better terms you will receive.

> Shv:
xCREDI is our governance token that will be minted only by staking and burning CREDI in Module X. xCREDI holders will be able to shape the path of Credefi in the future as we move towards a completely decentralized platform.

> Shv:
Photo

> Shv:
The xCREDI holders will also benefit from our buyback & earn program

> Chad Roulette:
Clear and the tokenomics are looking clean

> Chad Roulette:
Is there also be a marketing part? or does this fit under “team”

> Shv:
We take care of our marketing too and we work with some of the well-known names in the space. Maybe you have seen CREDI in the recent Banter Bags

> Chad Roulette:
Ah that is great!

> Chad Roulette:
Yeah lol 🤟

> Chad Roulette:
Besides that, We all know that marketing is very important in this crypto space right now. How are you going to handle this for Credefi in the near future?

> Shv:
Competitions, KOLs, partnership announcements — all those are in the pipeline. But we believe the best marketing comes with having a top-notch product with happy users

> Chad Roulette:
Great to hear and yeah you are 100% correct! The best marketing is a product that sells it self and you get the ball rolling

> Chad Roulette:
Mouth to mouth marketing is the best marketing.

> Chad Roulette:
Last question before we move over to the community questions!

> Shv:
Sure

> Chad Roulette:
Our members of the Gem Collectors community are always interested in understanding the longer term vision. Can you tell us the long-term vision for Credefi? Where do you see the project in 1–3 years?

> Shv:
🖼 Our long-term vision for Credefi is to become a gateway to DeFi for SMEs and render obsolete the bureaucratic and overregulated banking services SMEs now have to cope with, replacing them with a quick, flexible and user-friendly solution. To do so, we start with the most conventional and much-needed service for SMEs — flexible and affordable funding. Going forward, our product lines will be expanded and we’ll include multiple other add-ons, including trade finance products helping SMEs to do cross-border transactions. Credefi is here for the long run to offer sustainable APYs even in bear markets and provide maximum secured returns on stablecoins despite the market conditions. We welcome all enthusiasts to welcome to join our journey on https://t.me/credefi and https://credefi.finance/.

> Chad Roulette:
Love it!

> Chad Roulette:
Lets move over to the community questions!

> Shv:
Looking forward to

> Chad Roulette:
i will open the chat soon, please pick as many questions as you want.

> Chad Roulette:
And after that please pick out the winner for the best questions!

> Chad Roulette:
Opening the chat right now.

> Tolga:
I wonder how Credefi will focus on creating widgets on other platforms to trigger more liquidity for lending on the platform. Also, will credit score mechanism of Credefi to examine any real-life cases? Thank you.

> BiancaGabriela:
According to your tokenomics, the Credefi ecosystem will make use of two tokens which are; $CREDI token(the native token of the Credefi ecosystem) and $xCREDI(will be used to participate in future governance). -I understand that $CREDI holders will be divided into tiers and each tier will bring different utilities and benefits to the $CREDI token holder. Can you list the tiers available and what determines the tier a holder will belong to? Can you also mention some of the benefits/utilities associated with each tier? -How can users get/own $xCREDI and what are some of its use cases?

> Since:
Hello Shv According to your website you’ll be implementing a 3-layer security for your platform lenders, so could you tell us about Credefi’s security module and how will it prevent possible attacks from external parties all the time? What’s the real protection you can get from it? @ivogrigorov

> Akina:
Welcome Credefi Team🙌 @ivogrigorov ⚜️I read that credit Portfolios will reach APY of 10% and more depending on the risk appetite of the user, but really what will be the risk if stable currencies are being lent? Could it be that we can be scammed in these loans? Great AMA🔥🔥🔥👏🚀🌙

> Buzz-2002:
@ivogrigorov Many projects fail because the target audience and clients are not understood. So I’d like to know who your ideal consumer is for your product?‌‌

> Oliv:
Hello @ivogrigorov How is the APY system at Credefi, and what are the advantages of lenders here? and Do you have any plan of starting staking program?

> Anderson:
You have attractive project reading AMA. Do you have any reason to make your project more popular? what strategic plans do you have to compete in the market and give best for investors?

> DERE:
Did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project? Many projects fail because the target audience and clients are not understood. So I’d like to know who your ideal consumer is for your product? @ivogrigorov

> Kylie Jenner:
What kind of problems does Credefi offer projects that they don’t have to worry about?

> dian airlangga:
👍 Lenders are always at risk of default — this is not a risk-free investment and of course the higher the APY of the loan, the higher the risk. Can CreDeFi (10%) keep APY? What protection mechanisms do you have in place to protect lenders? Thanks 🙏

> Vio jenner:
Credefi has structured its native platform CREDI token to be both a governance and a reward generation token. How does the CREDI holder make a profit from having the token? In what type of governance does the CREDI holder participate? requirements?

> always • heartbroken:
BUILD & HODL — Are the two words that run in the blockchain and crypto market. That is how hard you BUILD is. How Hard we HODL So can you please share how much have you build and how much do you wish to build?

> R E K T T | 常:
It’s nice to have you here, And this is my chance to ask.. So, #Credefi. Based on what I see that, Stablecoins have no place to give high APY. And Credefi pays more than 10% of APY, So how is that possible ?? I hope you can explain in detail. Thank you..

> Lily Speaking🗣:
SMEs are borrowing at a consistently high interest and they have been underserved by traditional banks. Also, there are not enough lenders to satisfy SME borrowing demands thereby pushing SMEs to alternative lending solutions like peer-to-peer and crowdfunding which are billion-dollar industries in the US. So How does #CREDEFI aim to resolve this?

> AMA_HUNTER666:
Halo sir @ivogrigorov I saw on your website that CREDEFI will implement 3 layer security for your platform lenders, my question can you tell us about the CREDEFI security module and how it prevents possible attacks from external parties all the time? And What real protection can you get from it?

> Oliv:
Lenders are always at risk of credit default. The higher the loan APY, the higher the risk. Can CreDeFi (10%) sustain APY? What kind of protection mechanism do you have to protect lenders? and Since NFT is popular nowadays, is there a plan for NFT integration?

> syfirandia:
What are the roles and uses of $CREDI and $xCREDI tokens in the ecosystem? Will you have a token burn, cashback mechanism and staking program?

> PaulWalker:
Hello….. Credefi will provide Zero — collateral loans on case by case basis. Can you demonstrate more about this feature? Who are allowed to borrow loans without the requirement of any collateral? Who will work as a lender in these type of loans?

> Aurellia:
Can you provide a working system for Credefi to connect crypto lenders with SME borrowers from a fiat economy and what is an SME from a fiat economy?

> Slayer VICTIM:
What are the Business Objectives, Market and Target audience of Credefi ? and what is your goal in 2022 @ivogrigorov

> FEEL LIKE GOD🔺:
Hello 🙌🙌 @ivogrigorov Does your great project support staking program? If yes. how is your stake system work, what is the requirement for user if they want to stake in your platform?

> dian airlangga:
On your website you don’t mention that you have done any internal or external AUDIT of your SMART CONTRACT, so can you give us details if you have done any audit before? And in case you haven’t, would you plan to perform any review of your smart contract in the near future?

> Joe Max:
Hello sir 📊It is unfortunate that some projects remain half way because their developers abandon the concept because they cannot achieve the desired capitalization in the long run : how do you plan to make this project sustainable for its development?

> Anton:
Lenders always face the risk of default. The higher the APY of the loan, the higher the risk. Can CreDeFi (10%) keep APY? What protection mechanisms do you have in place to protect lenders?

> Ajjuu Bhaii:
✍️You mentioned that token holders will have the option to invest in different stablecoins. Alright How are portfolios determined by the risk we want to take? ✍️How is Credefi different from other operating crypto p2p lending platforms? And What kind of contributions will you make to the development of DeFi and traditional finance? @ivogrigorov

> Miss Jutha:
Lenders are always at risk of credit default. The higher the loan APY, the higher the risk. Can CreDeFi (10%) sustain APY? What kind of protection mechanism do you have to protect lenders?

> Mikie Mic:
On your website it says “Credefi connects crypto lenders with SME borrowers from the fiat economy.” So, you tell us what are the requirements for Borrowers on your platform? what makes it different from other Borrowing protocols?

> Frank campbell:
Hi guys✋🖐️ What criteria does Credefi judge when selecting a company that can lend? Isn’t there more risk because the amount of loans given to companies will not be small?

> Flynn:
⚠️What do you, @ivogrigorov mean by evolving your fighter via staking? How does it evolve? Is there a minimum amount you need to stake for this to happen and how long should you keep that STAKING? @ivogrigorov @ivogrigorov @ivogrigorov

> Slayer VICTIM:
I saw on your website you didn’t mention that you have done an internal or external audit of your smart contract, so can you give us details if you have done an audit before? And if not, are you planning to do a review of your smart contract in the near future? Thanks Credefi @ivogrigorov

> Damayanti Cumi:
Is your platform suitable for Crypto beginners or only for professional users? What do you do to people about using #CreDefi Wallet ?

> Sergio Muteaakk:
“All project coins have their main Utilities & real-life usecase! So, Can you tell us what are the main role of your coin in your ecosystem? Explain it’s Utilities & Real-Life usecases? and Why should i invest in your coin for long term??” @ivogrigorov

> Anton:
Halo sir @ivogrigorov I saw on your website that CREDEFI will implement 3-layer security for your platform lenders, my question can you tell us about the CREDEFI security module and how it prevents possible attacks from external parties all the time? And What real protection can you get from it?

> DOM:
Greating’s👋👋👋 @ivogrigorov 🛎️Where can I get Tokenomics now? Can you explain what your tokenomics distribution is like? How many tokens will be minted? And how many tokens will the team lock? Would it be less expensive or more expensive? All links to all your social media platforms if possible? Amazing AMAs Today👏👏👏👏🍻

> Lovely_DC 💜:
Credefi provides risk assessment and credit score data to help lenders make good decisions. Can you explain the “risk assessment” mechanism and “score data” that you implement on the platform? How much are you of this technology and what benefits will the borrower get?

> always • heartbroken:
The biggest dilemma as of now in crypto is volatility and liquidity issues. What steps have been taken by Wealth locks to overcome it?

> Noze:
Vast majority of Crypto projects are built just for the sole purpose of amassing wealth for themselves. So, I want to know the value you aim to add to crypto industry that will bring greater abundance to the industry? @ivogrigorov

> Slayer VICTIM:
hello sir🖐🏻 Do you have any plans to start a staking program? and How is the APY system at Credefi, and what are the advantages of lenders here? How is the security system at Credefi? Thanks Credefi @ivogrigorov

> Indz.Florenztha🌼:
Hello 🤝👋 @ivogrigorov ✨Credefi analyzes the credit risk in all the applications of its platform. They adjust their rating to the actual data. They help lenders and borrowers find the right balance. What characteristics do you take into account to carry out a credit risk analysis? Great AMA👏👏👏🔥🚀🚀🌙

> Sergio Muteaakk:
“All project coins have their main Utilities & real-life usecase! So, Can you tell us what are the main role of your coin in your ecosystem? Explain it’s Utilities & Real-Life usecases? and Why should i invest in your coin for long term??”

> paul scholes:
I want to know what Your project is only for elite Investors, what about others with small funds, is it open to everyone?

> BebyFii 💞:
If I bet a large amount of CREDI and long term, what is the main advantage that I get? And what is the minimum CREDIT at stake in order to get a good profit?

> Tyo Marthata:
Hello Mr.Shv #Credefi I saw about #Credefi saying that in addition to secured loans, the #Credefi platform can also provide an unsecured loan on a case by case basis.. So my question is, Is there a security issue ??? Please explain, so we can understand. Thank you

> Atur:
Credefi offers loans to all users of its network. So What are the assets that you have to place as collateral? And What is the impact of these loans in the current financial revolution of the network? How accessible are these credits or loans?

> DogWorld:
According to your website you’ll be implementing a 3-layer security for your platform lenders, so could you tell us about Credefi’s security module and how will it prevent possible attacks from external parties all the time? What’s the real protection you can get from it?

> ESCOBAR:
Hello sir @ivogrigorov Can anyone get involved as an LP on the Credefi platform? If yes, what is the minimum value, should it be included in the liquidity pool? Will this pool be implemented as an aggregate set in the market? What strategies does Credefi employ to increase liquidity in the future?

> Miang_Ottizs:
⚠️⚠️Hi⚠️⚠️ Since Credefi is such a great project, it will take a lot of attention. However, newbie and unexperienced users will also join to Credefi and maybe start to trade or copy trade without knowing the major risks. When you consider this situation, do Credefi team plan to educate its community and create an awareness about the risks? @ivogrigorov

> ESCOBAR:
Revenue is an important aspect for all projects to survive and maintain the project/company. How have you been able to build a complete project and what is the way to generate profit/revenue of the token? What is the income model?

> ESCOBAR:
Is it normal to be suspicious of new projects due to hacking and fraudulent rugpull in the crypto world? How will it be possible for you to gain the trust of potential investors?

> Kendall Jenner:
Do you have an ambassador program available? If yes, how can I join it? And may I know what’s the benefit available for the ambassador?

> AMA_HUNTER666:
Halo sir @ivogrigorov I saw on your website that CREDEFI will implement 3-layer security for your platform lenders, my question can you tell us about the CREDEFI security module and how it prevents possible attacks from external parties all the time? And What real protection can you get from it?ty

> FEEL LIKE GOD🔺:
Hello 🙌🙌 @ivogrigorov Does your great project support staking program? If yes. how is your stake system work, what is the requirement for user if they want to stake in your platform?

> Marchel:
Hello buddy🤝 @ivogrigorov 🎯One of Credefi’s greatest advantage is P2P lending. There are many projects that offers the same services so can you tell us what makes Credefi’s P2P lending unique among these existing projects? What distinctive features will your P2P lending characterize?

> MoonGuyto:
Is CreDeFi’s target audience SMEs? Can you tell us about your risk assessment models? How do you ensure the security of lenders?

> Anderson:
You have attractive project reading AMA. Do you have any reason to make your project more popular? what strategic plans do you have to compete in the market and give best for investors? @ivogrigorov

> ARENGAN PRIDE¬:
hallo everyone 🖐️🖐️ Can you List 1–3 Killer features of your PROJECT that makes it ahead of Competitors? What is the Competitive Advantanges your platform Has that you Feel most Confident about??

> BebyFii 💞:
Has your platform been tested for security from hackers?

> Lovely_DC 💜:
How would the lenders know which risk range is suitable for their risk tolerance? Do you have data and information on your platform’s risk assessment for the lenders?

> Chad Roulette:
/off@amaguardbot

> Chad Roulette:
That are lots of questions, Thanks everyone!

> Chad Roulette:
@ivogrigorov The floor is yours!

> Shv:
Our utmost priority is the security of our lenders and that’s why we will implement a three-layer protection mechanism, consisting of: — in-house proprietary credit scoring based on our vast financial expertise and validated by Experian — one of the Big Three credit scoring agencies in the world. Actually we are the very first blockchain project to partner with this financial giant. — accepting both crypto and real-world assets as collateral. We are partnering with a EU-licensed financial institution that will manage the collateral on the lenders’ behalf and liquidate it in case of default. — our very own Security Module (Module X) which will provide additional yield to stakers while bridging the time gap between a borrower stopping payments and the moment their collateral is liquidated and returned to lenders.

> Shv:
Our tokenomics is designed and inspired by the latest trends and developments in the space. We have implemented a 2-token economy model, which secures and stabilizes the platform, while increasing APY for our stakers and token holders. Through staking our native token CREDI in our ModuleX, you will be able to receive higher APY as well as mint our governance token xCREDI. Additionally, we have implemented a buyback and burn mechanism of xCREDI, in order to return part of the revenue generated by the protocol.

> Shv:
We have recently passed a smart contract audit with Armors Lab — a leading provider of smart contract audit services with a very good reputation. We published the report — please follow our official channels for the latest updates. Just to share some insight… the you will be extremely satisfied with the result! https://drive.google.com/drive/folders/1Y0Lo9gfJfowIimLGwBEAFUfeAZjtXuy6

> Shv:
We’ve designed the USPs of Credefi around our main priority, namely security for the lenders and liquidity providers. So that’s why we have created a 3-layer mechanism to protect our lenders: 1. In-house proprietary credit scoring based on the 40+ years experience of the team and our cooperation with Experian which is one of the “Big Three” credit-reporting agencies aggregating data for more than a billion businesses and customers across 40 countries. 2. Crypto and real-world collateral. The real-world asset collateral will be managed and administered by a licensed financial institution operating in the European Union. The value of the real-world collateral will be validated on-chain using Lithium Finance as one of our oracles. 3. Security module providing stability to the protocol by staking our utility token CREDI.

> Shv:
Credefi provides permissionless and decentralized lending platform where users can pick the portfolios or individual projects based on their risk appetite and personal preferences. We will provide the risk assessment and credit score for each borrower and then the lenders will have the freedom to pick in which borrower they want to lend. We’re not bank and thus cannot tell lenders where their money will go. The choice remains in their hands — DeFi protocol with FinTech spirit for all. That’s Credefi all about.

> Shv:
We have over 40-years of experience in lead roles in the financial industry so we are quite different from the average crypto project out there. We aim not only to disrupt DeFi by bringing it to real-economy small and medium companies, but also expand DeFi to cover all financial services a company needs. Our industry-leading partners like Experian will also help us in this challenging journey, so stay tuned :)

> Shv:
Very good question. №1 — Credefi allows lending to real economy SMEs and thus the lending-borrowing activity is not correlated to the dynamics in the crypto market. This is a great opportunity for each holder of stablecoins to earn fixed and predictable APYs regardless of the crypto market conditions. №2 — we’re the first DeFi protocol that actually does credit scoring to its borrowers. Initially we start with borrowing to real-economy SMEs but eventually we’ll also lend out to crypto giants. And again, we will do that adding credit scoring and assessment feature. №3 — we’re THE FIRST BLOCKCHAIN project partnering with one of the most reputable institutions in the legacy financial sector — Experian — one of the Big Three credit-scoring agencies. Experian recognized the potential Credefi has an is partnering with us to evaluate how blockchain technologies and the Open Banking protocol can help bring in additional and fresh capital form SMEs — the most underfunded sector globally.

> Chad Roulette:
Thanks for answering all those questions!

> Chad Roulette:
Could you please pick the best questions? That will be the winner of this AMA!

> ARENGAN PRIDE¬:
hallo everyone 🖐️🖐️ Can you List 1–3 Killer features of your PROJECT that makes it ahead of Competitors? What is the Competitive Advantanges your platform Has that you Feel most Confident about??

> Chad Roulette:
Congrats! 🙏 Please send me a DM

> Chad Roulette:
Thanks alot for the AMA team Credefi!

> Chad Roulette:
Is there anything you would like to share with the community

> Shv:
Thank you for the opportunity to present Credefi in this AMA session

> Shv:
We welcome all who want to learn more about us and the project to join all our channels

> Shv:
Lot’s of exciting news are coming in the next few days

> Chad Roulette:
Great!

> Chad Roulette:
Please share all the links one time more!

> Shv:
🖼 https://t.me/credefi

> Shv:
https://twitter.com/credefi_finance

> Chad Roulette:
Perfect!

> Chad Roulette:
Have a great day guys, Opening the chat now!

> Miss Jutha:
awesome AMA 👏

> Pierre Wolf:
Thanks for this AMA !