# Proposal: Whitelist SMARTCREDIT token with 75k BNT co-investment **URL:** \ **Category:** DAO Archive (SUBMITTED)\ **Created:** [May 29, 2021, 7:49am UTC](https://gov.bancor.network/t/proposal-whitelist-smartcredit-token-with-75k-bnt-co-investment/2261 "2021-05-29T07:49:06Z")\ **Posts on this page:** 8\ **Page:** 1
**Author:** ![martin](https://avatars.discourse-cdn.com/v4/letter/m/73ab20/32.png) [@martin](https://gov.bancor.network/u/martin)\ **Post date:** [May 29, 2021, 7:49am UTC](https://gov.bancor.network/t/proposal-whitelist-smartcredit-token-with-75k-bnt-co-investment/2261/1 "2021-05-29T07:49:06Z")
# Proposal to Whitelist SMARTCREDIT token ## This proposal is expected to appear on Snapshot for voting on Monday 31st May 2021 at 4:00 pm UTC. # TL;DR - Proposal to whitelist SMARTCREDIT. - The proposed co-investment is 75,000 BNT. - The legal opinion by BCAS, it was pre-condition for listing on Bittrex and Loopring - Clear benefits for Bancor ### SMARTCREDIT token address: [SMARTCREDIT Token (SMARTCREDIT) | ERC-20 | Address: 0x72e9d903...93f9ada13 | Etherscan](https://etherscan.io/token/0x72e9d9038ce484ee986fea183f8d8df93f9ada13) ### Project Website: [https://smartcredit.io](https://smartcredit.io) ### [SmartCredit.io](http://SmartCredit.io) Application: [https://app.smartcredit.io](https://app.smartcredit.io) # Token Security The SMARTCREDIT token is pre-minted, 90% of the tokens are locked for the years to come. The unlocked token supply is used for the long-term development of the project. Every October the project will publish how many tokens will be unlocked. That’s calculated based on the yearly inflation - tokens for the rewards to users, for the integrators, for the staking, for marketing, and for the team. The circulating supply is following (from: [https://www.coingecko.com/en/coins/smartcredit-token](https://www.coingecko.com/en/coins/smartcredit-token)) - 850,285 - Unlocked tokens, vested for up to 4 months - 54,864 - Buyback during Uniswap in listing, locked 12 months (OpenZeppelin) - 247,391 - Burned after pre-sale - 5,625,000 - Locked supply 4 (with Openzeppelin) - 5,625,000 - Locked supply 3 (with Openzeppelin) - 5,625,000 - Locked supply 2 (with Openzeppelin) - 5,625,000 - Locked supply 1 (with Openzeppelin) Est. Circulating Supply 1,347,457 Team tokens will be allocated every October. At the moment team has 0 tokens. # Project SmartCredit,io is a DeFi lending platform with a focus on the: - Fixed-term loans - Fixed-interest rate loans - Fixed Income Funds It offers a predictable rate for the Borrowers and Lenders. It offers stability instead of in-stability. In the traditional economy the 90% of fixed income is based on the fixed-interest-rates and fixed loan term. The 10% are the fluctuating-interest-rates / variable-loan-term loans. The Defi focus is on 10% so far. Our focus is on the 90% The borrowers can borrow fixed-term, fixed-interest rates and use their ERC20 tokens as collateral. One of the collaterals is BNT. See more in this 20-second video: [https://twitter.com/smartcredit\_io/status/1389164951445573634](https://twitter.com/smartcredit_io/status/1389164951445573634) The lenders can set up their Fixed Income Funds and earn predictable income - see this 20-seconds video: [https://twitter.com/smartcredit\_io/status/1397591037598646275](https://twitter.com/smartcredit_io/status/1397591037598646275) DeFi has today the Money-Market-Funds with fluctuating-interest-rate and with the variable loan term. We offer the Fixed-Income-Funds. See more about the differences between them: [https://twitter.com/smartcredit\_io/status/1392190044186816517](https://twitter.com/smartcredit_io/status/1392190044186816517) Bancor is supported as collateral for the fixed-term loans in [SmartCredit.io](http://SmartCredit.io). Borrowers can monetize their BNT tokens and borrow ETH, DAI, USDC or USDT See more in the: [https://twitter.com/smartcredit\_io/status/1392405617852272642](https://twitter.com/smartcredit_io/status/1392405617852272642) # Tokenomics - Release 1.0 of [SmartCredit.io](http://SmartCredit.io) was launched in 2020 August. It delivered the Foundation. - Release 1.1 was launched in 2021 April. It included the Fixed Income Funds - Release 1.2 is anticipated in 2021 August. It will include rewards, staking, and token utility. # Community and Communication [SmartCredit.io](http://SmartCredit.io) is active on: - Blog [Blog - SmartCredit.io](https://smartcredit.io/blog/) - Medium [https://medium.com/smartcredit-io](https://medium.com/smartcredit-io) - Telegram Community [Telegram: View @SmartCredit\_Community](https://t.me/SmartCredit_Community) - Telegram Trading [Telegram: View @SmartCredit\_Trading](https://t.me/SmartCredit_Trading) - Telegram Announcements [Telegram: View @SmartCredit\_Announcements](https://t.me/SmartCredit_Announcements) - Twitter [https://twitter.com/Smartcredit\_io](https://twitter.com/Smartcredit_io) - Reddit [Reddit - The heart of the internet](https://www.reddit.com/user/SmartCredit_io) - Bitcoin talk [SmartCredit - AI-driven self-custodial neobank](https://bitcointalk.org/index.php?topic=5313233.0) - Youtube [https://www.youtube.com/c/smartcreditio/](https://www.youtube.com/c/smartcreditio/) - Linked In [SmartCredit.io | LinkedIn](https://www.linkedin.com/company/smartcredit-io) The Co-Founders are ex Credit Suisse Vice Presidents. They worked 10+ years in Zurich, Switzerland for Credit Suisse. They are MBA’s, CFA’s and have launched 4 successful software products in the past with a 250’000+ user base. # Available Audits [SmartCredit.io](http://SmartCredit.io) is audited by Pessimistic: [audits/SmartCredit Security Analysis by Pessimistic.pdf at main · pessimistic-io/audits · GitHub](https://github.com/pessimistic-io/audits/blob/main/SmartCredit%20Security%20Analysis%20by%20Pessimistic.pdf) # Market and Trading Data SMARTCREDIT is listed on: - Bittrex Global: [Bittrex Global](https://bittrex.com/Market/Index?MarketName=USDT-SMARTCREDIT) - Uniswap v2: [Uniswap Interface](https://app.uniswap.org/#/swap?outputCurrency=0x72e9d9038ce484ee986fea183f8d8df93f9ada13&use=V2) - Loopring AMM: [https://exchange.loopring.io/swap/SMARTCREDIT-ETH](https://exchange.loopring.io/swap/SMARTCREDIT-ETH) - Loopring Orderbook: [https://exchange.loopring.io/trade/SMARTCREDIT-ETH](https://exchange.loopring.io/trade/SMARTCREDIT-ETH) See more market data in: - Coingecko: [https://www.coingecko.com/en/coins/smartcredit-token](https://www.coingecko.com/en/coins/smartcredit-token) - CoinMarketCap: [SmartCredit Token price today, SMARTCREDIT to USD live price, marketcap and chart | CoinMarketCap](https://coinmarketcap.com/currencies/smartcredit-token) ---
**Author:** ![tfns](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/tfns/32/465_2.png) [@tfns](https://gov.bancor.network/u/tfns)\ **Post date:** [May 30, 2021, 3:15am UTC](https://gov.bancor.network/t/proposal-whitelist-smartcredit-token-with-75k-bnt-co-investment/2261/2 "2021-05-30T03:15:21Z")
Thank you for the proposal @martin and welcome to our governance forum! ---
**Author:** ![tfns](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/tfns/32/465_2.png) [@tfns](https://gov.bancor.network/u/tfns)\ **Post date:** [May 30, 2021, 3:18am UTC](https://gov.bancor.network/t/proposal-whitelist-smartcredit-token-with-75k-bnt-co-investment/2261/3 "2021-05-30T03:18:02Z")
> [@martin](#): > > Team tokens will be allocated every October. At the moment team has 0 tokens. > [@martin](#): > > In the traditional economy the 90% of fixed income is based on the fixed-interest-rates and fixed loan term. The 10% are the fluctuating-interest-rates / variable-loan-term loans. The Defi focus is on 10% so far. Our focus is on the 90% > [@martin](#): > > Bancor is supported as collateral for the fixed-term loans in [SmartCredit.io](http://SmartCredit.io). Borrowers can monetize their BNT tokens and borrow ETH, DAI, USDC or USDT > [@martin](#): > > [SmartCredit.io](http://SmartCredit.io) is audited by Pessimistic: [audits/SmartCredit Security Analysis by Pessimistic.pdf at main · pessimistic-io/audits · GitHub](https://github.com/pessimistic-io/audits/blob/main/SmartCredit%20Security%20Analysis%20by%20Pessimistic.pdf) Good reasons to vote FOR. ---
**Author:** ![eldude](https://avatars.discourse-cdn.com/v4/letter/e/c6cbf5/32.png) [@eldude](https://gov.bancor.network/u/eldude)\ **Post date:** [May 30, 2021, 4:20am UTC](https://gov.bancor.network/t/proposal-whitelist-smartcredit-token-with-75k-bnt-co-investment/2261/4 "2021-05-30T04:20:52Z")
> [@martin](#): > > Bancor is supported as collateral for the fixed-term loans in [SmartCredit.io](http://SmartCredit.io) - projects that support Bancor have my vote ---
**Author:** ![glenn](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/glenn/32/1720_2.png) [@glenn](https://gov.bancor.network/u/glenn)\ **Post date:** [May 30, 2021, 4:21am UTC](https://gov.bancor.network/t/proposal-whitelist-smartcredit-token-with-75k-bnt-co-investment/2261/5 "2021-05-30T04:21:17Z")
Project seems interesting and is still being developed. It doesn’t appear that the token has much utility yet until August of this year. @martin Will the token enable DAO governance functionality in the future? ---
**Author:** ![martin](https://avatars.discourse-cdn.com/v4/letter/m/73ab20/32.png) [@martin](https://gov.bancor.network/u/martin)\ **Post date:** [May 30, 2021, 2:09pm UTC](https://gov.bancor.network/t/proposal-whitelist-smartcredit-token-with-75k-bnt-co-investment/2261/6 "2021-05-30T14:09:43Z")
Yes. Adding DAO is on the roadmap. We just want to deliver the key components first. And when most of the heavy lifting is done, then we hand the project over to DAO Governance. ---
**Author:** ![glenn](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/glenn/32/1720_2.png) [@glenn](https://gov.bancor.network/u/glenn)\ **Post date:** [May 30, 2021, 9:08pm UTC](https://gov.bancor.network/t/proposal-whitelist-smartcredit-token-with-75k-bnt-co-investment/2261/7 "2021-05-30T21:08:14Z")
Perfect, thanks for that. I think the community in general does appreciate projects that are controlled by a DAO and knowing that SmartCredit already has this on the roadmap should help ease any concerns. ---
**Author:** ![Avi\_K](https://avatars.discourse-cdn.com/v4/letter/a/eb9ed0/32.png) [@Avi\_K](https://gov.bancor.network/u/Avi_K)\ **Post date:** [June 3, 2021, 4:16pm UTC](https://gov.bancor.network/t/proposal-whitelist-smartcredit-token-with-75k-bnt-co-investment/2261/8 "2021-06-03T16:16:29Z")