Credefi Price

(CREDI)
USD($)
Credefi (CREDI) Live Price Chart

Credefi Live Price Data

The live price of Credefi is $0.03332, with a total trading volume of $ 307,473 in the last 24 hours. The price of Credefi changed by -3.78% in the past day, and its USD value has increased by +8.6% over the last week. With a circulating supply of 748,573,880 CREDI, the market cap of Credefi is currently 25.17M USD, marking a --% increase today. Credefi currently ranks #-- in market cap.
How do you feel about Credefi today?
Note: This data is for reference only.
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Credefi(CREDI) Profile

altRank--
rate--
Expand
Documentation
Contract
Ethereum 0xaE6e30...c6BBNB Smart Chain (BEP20) 0x2235e7...e5b
Audited By
--
Code & Community
Investors
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$0.02974
$0.03504
$0.13971
+1.61%
-3.78%
+8.60%
$25.17M 
$34,070 
748,573,880
1B

About CREDI

How can I buy Credefi (CREDI)?

Buying CREDI on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Credefi (CREDI) for more information.

What Is Credefi (CREDI) Crypto?

Credefi Finance aims to bridge the gap between traditional finance and the DeFi sector. It offers a platform where users can engage in lending, borrowing, and investing in a manner that integrates the security and reliability of traditional banking with the innovation and flexibility of DeFi.

One of the core features of Credefi is its lending and borrowing facility. Users can lend their crypto assets and earn interest or borrow against their crypto holdings. This is similar to how traditional banks operate but with blockchain technology's added efficiency and transparency.

Credefi also provides investment opportunities in various projects. This could range from real estate to business projects, offering a diversified portfolio for investors on the blockchain.

To mitigate risks, Credefi employs a risk assessment mechanism and a credit scoring system for borrowers. This helps maintain the platform's stability and protect the lenders' interests.

The CREDI token is the native cryptocurrency of the Credefi platform. It is typically used within the platform for transactions, fees, rewards, and governance. Holding CREDI may grant users certain privileges, like reduced fees or voting rights, in the platform's decision-making process.

Credefi's integration with the XRP Ledger (XRPL) enhances its DeFi offerings by enabling advanced financial services. This includes real-world lending products supporting various stablecoins, allowing short-term liquidity loans to European SMEs. Credefi assesses company risks using its engine and Experian attestations.

XRPL's efficiency, tokenization, settlement, and liquidity capabilities, along with its high transaction speed and low cost, support diverse decentralized applications. This integration aims to make decentralized finance more accessible, setting a new DeFi benchmark and propelling Credefi toward providing innovative, secure, and transparent financial solutions.

How Does Credefi Finance Work?

Credefi is built on a blockchain, which ensures transparency, security, and decentralization. This setup allows for peer-to-peer financial transactions without the need for traditional financial intermediaries. Here’s an overview of how Credefi works:

Lending and Borrowing

> Lending: Users can lend their crypto assets on the Credefi platform. They deposit their cryptocurrency, which is then made available for borrowing by other users. In return, lenders earn interest on their lent assets.

> Borrowers: Users seeking to borrow must apply for a loan on the platform. They may be required to provide collateral in crypto assets, ensuring the security of the loan. The terms of the loan, including interest rates and duration, are set within the platform.

Credit Scoring and Risk Assessment

Credefi incorporates a credit scoring system for borrowers, which is not common in many DeFi platforms. This system assesses the creditworthiness of borrowers to mitigate the risk of default. It ensures a safer environment for lenders by providing a layer of security and trust.

Investment Opportunities on Credefi

The platform provides opportunities for users to invest in various projects. These can range from real estate to business ventures, enabling users to diversify their investment portfolio.

Regulatory Compliance

Credefi aims to comply with regulatory standards, setting it apart from many fully decentralized platforms. This compliance might involve adhering to anti-money laundering (AML) and know-your-customer (KYC) regulations.

History or Credefi and CREDI Coin

Credefi (CREDI) was launched with its token sale starting on November 8, 2021, and lasting until November 9, 2021. The project was founded by Ivo Grigorov and Valentin Dimitrov, who have extensive experience in the finance and crypto industries.

Ivo Grigorov is a finance specialist with experience in banking and has specialized in developing and designing various financial instruments. Valentin Dimitrov has a diverse background in the financial and technology sectors, with experience working for the European Parliament (ECON committee), VTB Capital, and as a Fund Manager of Financial Instruments in Bulgaria, managing over 600 million euros. He's an early adopter of Bitcoin and Ethereum since 2013 and has expertise in cybersecurity matters​.

The following are key developments from the Credefi roadmap for 2023:

1. In June 2023, they planned a partnership with a significant player in the industry and the release of Autonomous Earning as a new investing product on their platform.

2. July 2023 was scheduled for the second round of ModuleX, where the burning process of $CREDI would start, followed by the minting of $xCREDI after six months.

3. August 2023 included the introduction of P2P Lending as a new investment product.

4. September 2023 focused on enabling bank transfers to and from the platform, the launch of Automated Portfolio as a new product, the introduction of an in-house $CREDI stake, further development of $CREDI Utility, a CEX listing, and the release of NFT Bonds as a new investment product.

What Is CREDI Token Used for?

CREDI is the native token of the Credefi platform and has the following use cases:

1. Pay Transaction Fees on Credefi

You could use the $CREDI token to pay transaction fees when using the various services on Credefi.

2. Participate in Governance of Credefi

CREDI token holders can participate in governance decisions, such as voting on changes or proposals related to the platform.

3. Lending and Borrowing

CREDI can be used in the platform's lending and borrowing activities, either as a currency for lending or as collateral for loans.

4. Trade or HODL CREDI on KuCoin

Trade Credefi crypto on the KuCoin Spot Market to profit from changing market conditions and volatility. Buy or sell CREDI or hold it long-term if you believe in the future potential of the Credefi platform. Ensure you do your own research before entering any new trade in the crypto market.

Credefi (CREDI) Price Movements ($)
PeriodChangeChange (%)
Today$-0.00128-3.67%
7 Days$0.002648.60%
30 Days$0.0069926.55%
3 Months$0.02601355.66%
24H Investment Barometer
24H
Buy
The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning:Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
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Credefi Conversion Rate
  • 1 CREDI to USD$0.03332333
  • 1 CREDI to EUR€0.03112033
  • 1 CREDI to AUD$0.05132393
  • 1 CREDI to KRW₩45.68
  • 1 CREDI to JPY¥5.15
  • 1 CREDI to GBP£0.0267538
  • 1 CREDI to INR₨2.77
  • 1 CREDI to IDRRp537.88
  • 1 CREDI to CAD$0.04551534
  • 1 CREDI to RUB₽3.11

FAQ

How much is 1 Credefi (CREDI) worth?
KuCoin provides real-time USD price updates for Credefi (CREDI). Credefi price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time CREDI to USD exchange rates.
Is Credefi (CREDI) a Good Investment?

Here’s why you could consider diversifying your crypto portfolio by investing in CREDI crypto:

Blending TradFi and DeFi

Credefi combines elements of traditional finance with DeFi, potentially offering a more regulated and secure environment than typical DeFi platforms.

Diversified Investment Opportunities

The Credefi platform provides various investment opportunities, including loans and project financing, which can diversify an investor's portfolio.

Credit Scoring and Regulatory Compliance

The platform's use of a credit scoring system for borrowers can mitigate risks for investors who lend on the platform. Credefi's focus on regulatory compliance could offer a level of security and trust not always present in the DeFi space.

What Is Credefi Price Prediction?

Although the volatility of the crypto market makes it challenging to provide a reliable CREDI price prediction, you could observe the following fundamentals to gain better insights into the price action in the Credefi crypto:

Level of Adoption of Credefi

The success, adoption rate, and growth of the Credefi platform can affect the token's value.

Future Developments in the Credefi Roadmap

Upgrades or updates to the Credefi platform or technical issues can influence investor confidence and, thus, the CREDI price.

Credefi’s Partnerships and Collaborations

New partnerships or collaborations by Credefi can increase trust and token usage, potentially affecting the CREDI to USD price.

Investor Sentiment

Investor sentiment, driven by news, social media, and market analysis, can significantly impact the $CREDI price. A positive sentiment could cause an uptrend in the price of Credefi token, while a bearish mood could weaken the CREDI token price.

How to Stake Credefi (CREDI) Token

Here’s how you can earn rewards through $CREDI LP staking on Uniswap:

1. Fund your wallet by buying CREDI on KuCoin and transfer your tokens to your wallet.

2. Visit Uniswap and connect your wallet.

3. Add liquidity to the CREDI/USDT pair on Uniswap to receive LP tokens.

4. Create an account on Credefi and stake the LP tokens to earn rewards.

5. Earn xCREDI tokens as rewards after six months of staking.

Who Are Credefi’s Backers and Partners?

Credefi’s backers and partners include Polygon, Lithium Finance, Banter Capital, AU21 Capital, CryptoDiffer, Parachain Ventures, Maven Capital, and GeroWallet.

What is the all-time high price of Credefi (CREDI)?
The all-time high price of Credefi (CREDI) is $0.13971. The current price of CREDI is down 0.76% from its all-time high.
What is the all-time low price of Credefi (CREDI)?
The all-time low price of Credefi (CREDI) is $0.00082. The current price of CREDI is up 39.15% from its all-time low.
How much Credefi (CREDI) is there in circulation?
As of 4 24, 2024, there is currently 748,573,880 CREDI in circulation. CREDI has a maximum supply of 1B.
What is the market cap of Credefi (CREDI)?
The current market cap of CREDI is $25.17M. It is calculated by multiplying the current supply of CREDI by its real-time market price of $25.17M.
How do I store Credefi (CREDI)?
You can securely store your Credefi in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your CREDI include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Quant (QNT) to cash?
You can instantly exchange your Quant (QNT) for cash using KuCoin's Fast Trade feature. This feature enables you to convert QNT to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
Fear & Greed Index
Note: Data is for reference only.
Fear23
CREDI
Estimated
-- USD
CREDI/USDT1
$0.03332-3.78%