Tokens Usage for 4.11.2021–4.11.2022

SmartCredit.io

Published in

SmartCredit.io

2 min readNov 6, 2021

We are happy to announce SMARTCREDIT token usage for 4.11.2021 to 4.11.2022!

Tokens usage

For the period 4.11.2021 – 4.11.2022, we calculate the following token usage:

Bonus Rewards for the Borrowers and Lenders — 10% annualized inflation, 150'000 tokens annually or 2'885 tokens weekly
Staking rewards for the Holders — 15% annualized inflation, 225'000 tokens annually, or 4'327 tokens weekly
Integrator Bonus Rewards — 3% annualized inflation, 45'000 tokens annually
Marketing tokens — 6% annualized inflation, 90'000 tokens annually
Team tokens — 10% of the annualized inflation, to be allocated at 4.11.2022
Total inflation per year — 36%

Details of token usage (bonus rewards and staking) are in the Updated SMARTCREDIT Token Utility with upcoming Release 1.2

More Data

Circulating supply per 04.11.2021–1,360,243 tokens
The first team tokens were allocated to key team members on 05.11.2021–151,138 tokens.
The circulating supply per 05.11.2021 is 1,511,381 tokens.
The forecasted token supply per 04.12.2022 is 2,058,881 tokens.
The project account now has 685,862 tokens. The project allocates them mainly for the bonus rewards and staking as defined in the Updated SMARTCREDIT Token Utility with upcoming Release 1.2.

Unlocking and locking

We unlocked 5'625'000 tokens from batch 1 and locked exactly all of them again for four years.

SmartCredit.io is a long-term play. We are transforming from the custodial banking system into the noncustodial financial system. SmartCredit.io will facilitate this transformation by enabling fixed-term loans, fixed-interest-rate loans, and DeFi Fixed Income Funds.

Here are the ethers can links to the lock contracts:

We will unlock only as many tokens as required for the token utility every year. For the next 12 months, we calculate 36% token inflation, mainly for bonus rewards and staking (See more in Updated SMARTCREDIT Token Utility with upcoming Release 1.2). We anticipate smaller annual inflation after the next 12 months.