BTCCREDIT - Next Generation Decentralized Banking Ecosystem
Hello everyone, this new post I want to introduce about a very interesting and good project that is BtcCredit, and for more details, let's just go to the following discussion:
About BtcCredit
BtcCredit is Next-Gen Decentralized Banking Ecosystem
- Peer to Peer Loan System
- Peer to Peer Exchange
- Crowdfunding
- Staking
How it Works?
USDT and BTCCredit Lending System
USDT - User can Lend USDT backed by LDT Tokens whose value is 1 LDT:1 USDT, by deploying a smart contract on Ethereum Blockchain, with Bitcoin (BTC) as collateral by the borrower.
BTCCredit - User can Lend BTCC Token, by deploying a smart contract on Ethereum Blockchain, with BTCC Token as collateral by the borrower.
Rewards
The System will Reward the Lender and the borrower with BTCC Token when a contract is deployed between them.
The Borrower will again be rewarded with BTCC on every successful EMI Payment.
15% Extra Loan Amount
In Alpha, Borrower gets 60% LTV of Collateral (BTC) deposited, But in Beta Borrower gets 75% LTV of Collateral (BTCC Token) deposited.
Token Distribution
ROADMAP
Q4 2018
P2P Crypto Loan System Launch
The journey begins with Borrow-Lending, a Peer-to-Peer Crypto Loans System Launch.
Smart Contract On Ethereum
LDT Tokens Contract, BTCC Tokens Contract.
Q1 2019
USDT Lending system Launch
Users Can Lend USDT which is backed by LDT Tokens and Smart Contract
Getting Apps Available on Mobiles
Getting the Lending Platform Compatible with Mobile Phones.
Acquiring Licences
Acquiring Crypto Wallet and Lending Licences
Crypto Wallet Launch
Crypto wallet Launch.
Q2 2019
BTCC Token Listing on our Lending System.
Now users can Lend Using BTCC Tokens and can use BTCC as collateral.
P2P Exchange Launch
Peer-to-Peer Cryptocurrencies Exchange Platform Launch.
Q3 2019
Staking Plan Launch
Staking plan launch for investor, who will be benefited with interest on BTCC / BTC hold as staking
ALT Coins Lending and Colateral
Now users can Lend Using Alt Coins and can use Alt Coins as collateral.
Q4 2019
Crowd-Funding Platform
Peer-to-Peer Crowd-Funding platform
To find more relevant details please follow several sources for the following references:
WEBSITE: http://btccredit.io/
WHITEPAPER: http://btccredit.io/pdf/btccredit_whitepaper.pdf
TWITTER: https://twitter.com/btc_credit
Author: Injhagi
Bitcointalk profile:
Eth address:
0x96b6953a20dda5910091eb9447ad485f640e99ca
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