The shortcomings associated with the operation of banks and other financial houses have led to the development of various Defi and blockchain technologies. The Defi platform provides financial services that help people build their wealth by depositing their assets for interest and providing loans to borrowers. Lending and borrowing activities in Defi have not been fully monitored, resulting in many defaults and limited access to loans by original borrowers.
Rain.credit is a platform developed to perform proper checks on Defi's lending and borrowing activities. It uses the Oracle aggregator to provide off-chain analysis of the borrower to provide borrower eligibility status. This helps reduce investors' exposure to their ecosystem. It uses the RAIN crypto token which is BEP20 based on the Binance Smart Chain.
These steps will be made available and freely available in the future to members of the RAIN community so that they can increase their activities.
The Rain.credit platform has a team of experts with years of experience in blockchain engineering, cryptosystems, customer relations, interpersonal relationships, and technological design innovation.
Rain Credits Features:
- Oracle Analytics Off-Chain
- Digital Trust
- Non Custodian Loans
- Credit score
- Trust Network
- Binance smart chain / ethereum compatible
How rain drops work
RAIN = Amount to borrow + Transaction History / Amount to safeguard
Oracles provide solutions to transparency problems that face many defi projects. By releasing chain information and supplying data in an unchanging manner, Rain.Credit Oracle enables smart contracts to pull data from blocks containing the information needed. The information that Rain.Credit oracle sends will include things that the blockchain cannot track or monitor. This includes payment history of users across multiple chains, real world economic events, government policy changes, and user account history.
Rain Loans is a non-custodial digital asset lending and lending platform. It is based on a combined protocol with a modified asset pool and the use of Rain + to increase access to additional funds on top of the current secured debt position (CDP) offered by Compound Finance, AAVE & CREAM.
Rain + is an additional token amount that we offer borrowers through our platform without providing additional guarantees, based on their transaction history and ratings from Rain Off-Chain oracle analytics.
RAIN TOKEN
The RAIN.CREDIT protocol will operate with a basic crypto token - the $ RAIN token. Management projects $ 800,000 RAIN tokens to be distributed in the following percentages:
- Presale - 40%
- Project development - 20%
- Mining and agricultural yields - 20%
- Marketing activities - 10%
- Management team (locked up for 2 years before distribution) - 10%
SUMMARY
RAIN. CREDIT is an unprecedented protocol that provides an opportunity to build trust in the lending activities of the Defi ecosystem, using off-chain analysis to build trust in users before processing loans.
Users do not need to worry about credibility and other factors, but they should focus on how to grow their wealth with the assets available.
WARNING
There are several risks associated with cryptocurrencies that users have to agree with. Goldcoin as a cryptocurrency is not exempt from this risk. Thus, users are advised to consult legal and financial experts for professional advice before investing in Goldcoin.
The contents of the white paper and the website are for informational purposes and not investment advice. Rain.credit will not be responsible for any losses suffered by clients during transactions on its platform.
Conclusion
Rain.Credit takes the opportunity to create a more trustworthy ecosystem while also providing incentives to participate in borrowing and lending to increase users' Credit scores. The use of off-chain analysis to build trust in lending and borrowing in the deficit space is something that has not been explored before the loan has been processed. With the ability to use real-life information and events as a factor in decision making, users need not worry too much about credibility, trustworthiness, higher assurance factors, and focus on using their assets to help grow their portfolios while participating in innovative and innovative platforms.
For more information, connect to:
WEBSITE: https://rain.credit/
TWITTER: https://twitter.com/rain_credit
TELEGRAM: https://t.me/joinchat/UqEl0GyJZ4WkDUWR
GITHUB: https://github.com/orgs/Rain-Credit
MEDIUM: https://rain-credit.medium.com/
DISCORD: https://discord.gg/aEc7NWbU
Author: Amild
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2583828
BNB-20 WALLET: 0xbf00577895715883E63C6694D33dA51b1cDEBDa8