1 month ago
Crypto Economy
In addition to your credit history, your transactions made within the Creditcoin network will be taken into account here as well. To start with, fundraisers will create loan orders on the Creditcoin network and pay a transaction fee to the Creditcoin network as a transaction fee for each loan order created with their preferred loan amount, collateral asset, interest rate, and loan duration. In order to attract potential investors, a bid order will be posted to the Creditcoin network, and the network will be notified of the bid. The Creditcoin network isn’t a credit or debit network in which you lend or borrow credit in Creditcoin. In other words, as more and more credit history is added to the Credit network, the value of the Creditcoin network will increase, leading to the need to buy and hold Creditcoin in the future.
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