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CREDI Price
$0.03296
+7.56%
Market Cap
$24.67M
24H Volume
$725.61K
Circ Supply
748.57M

CREDI Market Stats

  • Price $0.03296
  • 1H Change -1.79%
  • 24H Change +7.56%
  • 7 Day Change +29.8%
  • 30 Day Change +3.69%
  • 1 Year Change +779.49%
  • All-Time High $0.07189
  • % From ATH -53.09%
  • ATH Date Dec 12, 2021

Credefi Info

Credefi is a platform that aims to bridge the EU debt financing gap of $176.6 billion by connecting crypto lenders with SME borrowers. By utilizing blockchain technology and a hybrid mechanism that combines the best practices of DeFi and traditional finance, Credefi offers a secure and efficient solution for both lenders and borrowers.

CREDI Token: Rewards, Security, and Governance

The CREDI token is the native token of the Credefi ecosystem and serves multiple functions. It is used as a rewards distribution token for lenders, with lenders receiving CREDI based on how much they’ve loaned out. It also works as an additional security layer and enables users to engage in different investment opportunities. Holders of the CREDI token will also benefit from higher APYs and borrowers holding CREDI will eventually be able to access a selected pool of VIP projects and credit portfolios. Lastly, CREDI holders will be able to stake CREDI in Module X and mint Credefi’s governance and profit-sharing token CREDI.

Enhancing Financial Accessibility with Nilos Partnership and Token Utilities

Credefi has recently partnered with Nilos, a frontrunner in providing virtual IBAN solutions in the crypto space. This collaboration marks a significant leap forward, offering seamless transitions between crypto and fiat currencies within the Credefi ecosystem. This partnership aims to democratize access to tools once exclusive to institutional clients, ensuring a broader inclusivity in financial opportunities.

In addition to the Nilos partnership, Credefi has also enhanced the utilities of its tokens, $CREDI and $xCREDI. These tokens are now equipped with enhanced benefits designed to optimize the investment experience. For $CREDI holders, benefits include yield boosts, reduced fees, insurance for lender protection, and increased APY for stablecoin investments. Meanwhile, $xCREDI holders gain governance rights, a share in the project’s yearly revenue, and instant ROI opportunities[2].

Credefi Technical Info

All images, branding and wording is copyright of Credefi. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page. Data is provided by CoinMarketCap and TradingView.