Introduction

As we know that Cryptocurrency was originally known as a payment system that allows people to be able to make transactions quickly, without third parties, in a transparent, secure, and anonymous manner. and Satoshi one of the people who are the creators of Bitcoin, Satoshi made Bitcoin that can beat centralized financial systems that are prone to manipulation. But with the current development of the blockchain ecosystem that has changed the atmosphere of the digital industry to be more beautiful, even a number of alternative investment options have emerged such as Altcoin or Coin Alternatives and have proven to be a more efficient and profitable investment tool than traditional financial returns. Innovative projects consistently appear in the crypto industry with high returns and continuous trends. well this time I want to tell you about a project that will change the digital world to be beautiful and can be said to revolutionize the digital era for the future. the project is Rain.Credit . to know more details about the project it, I will discuss with this article.

What is Rain.Credit?

Rain.Credit is a BEP20 token on the Binance Smart Chain which acts as a non-custodial Off-Chain Data analytics Oracle Aggregator providing concise Credit rating on a user’s address. This credit rating is used to provide a better collateral factor for digital asset lenders and borrowers on the rain platform. Rain.Credit is based on the current decentralized lending platforms and protocols, but with various changes to bring an even more innovative design and experience.

Rain.Credit Featurs:

Off-Chain Oracle Analytics
Digital Trust
Non Custodial Lending
Credit Score
Trust Network
Binance smart chain / ethereum compatible

How Rain drops works

RAIN | Amount to borrow + Transaction History / Amount to secure

Oracles provide a solution to the transparency issue many defi projects face. By taking off chain information and supplying the data in an immutable way, the Rain.Credit Oracle enables smart contracts to pull data from from blocks that contain the needed information. The information transmitted by the Rain.Credit oracle will include things that can’t be tracked or monitored by the blockchain. This includes user payment history across multiple chains, real world economic events, changing government policies and user account history.

Borrow More Assets With Less Collateral

Rain Loans is a non-custodial digital asset lending and borrowing platform. It is based on the compound protocol with altered asset pools and the use of Rain+ to increase access to extra funds on top of the current collateralized debt positions (CDP) offered by Compound Finance, AAVE & CREAM.
Rain+ is an additional amount of tokens which we offer to borrowers through our platform without supplying any extra collateral, based on their transaction history and rating from Rain Off-Chain oracle analytics.

Tokenomics

$RAIN has a simple distribution model. It’s total supply consists of 800,000 $RAIN.

The token distribution is as follows

40%: will be sold via presale
20%: will be used for project development
20%: will be used to provide Liquidity and yield farming
10%: tokens will be allocated to the team (For 2 years, these tokens will be locked to instill confidence in the community)
10%: will be used for marketing

Conclusion

Rain.Credit is taking the opportunity to create a more trustworthy ecosystem while also providing an incentive to participate in borrowing and lending to increase a user’s Credit score. Off-Chain analysis utilization to build trust in lending and borrowing in the defi space is something that has not been explored before loans are processed. With the ability to use real life information and events as a factor in decision making, users can worry less about credibility, trustworthiness, higher collateral factor and focus on using their assets to help grow their portfolios while participating in an innovative and trailblazing platform.

For more information About Rain.credit project

Website: https://rain.credit/
Telegram: https://t.me/joinchat/UqEl0GyJZ4WkDUWR
Github: https://github.com/orgs/Rain-Credit
Medium: https://rain-credit.medium.com/
Twitter: https://twitter.com/rain_credit
Discord: https://discord.gg/aEc7NWbU

Username: Bidadari_surga
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=1011291
BNB-20 Wallet Address: bnb1w3nfj3m5fj7fg00dgeyl5n2punws0f6yzmrmur

Rain.Credit is a digital asset lenders and borrowers on the rain platform.