$CRED Token
$CRED is the governance and utility token for Credible's ecosystem, enabling staking, node rewards, governance participation, and additional yield for lenders.
$CRED is the native governance and utility token of the Credible platform, designed to power the decentralized ecosystem behind OracleAI, a cutting-edge solution for assessing creditworthiness using on-chain data. Through staking, governance participation, and node rewards, $CRED offers a range of benefits to users while fostering a thriving community and sustainable growth within the platform.
OracleAI Node Staking & Delegate Architecture
$CRED plays a crucial role in securing and operating the OracleAI network, which powers decentralized credit scoring for lenders and borrowers. The network consists of OracleAI nodes managed by delegate partners who are responsible for ensuring the operation and validation of nodes.
Staking for OracleAI Nodes: $CRED token holders can stake their tokens to support OracleAI nodes, participating in the network’s consensus and governance. By staking $CRED, participants can earn rewards and gain exposure to the growing OracleAI ecosystem.
Delegate Model: OracleAI nodes are managed by a select group of delegate partners, trusted to maintain node performance and integrity. These delegates play a critical role in the network’s scalability and security. As an incentive for their management, delegates receive 10% of the staking APY generated by $CRED stakers who have delegated their tokens to their nodes.
Governance Participation
One of the key features of $CRED is its integration with Credible's decentralized governance model. Token holders can actively participate in decision-making processes that shape the platform’s future development.
Weighted Governance: $CRED stakers can vote on crucial decisions regarding platform upgrades, OracleAI scoring models, and operational changes. Voting power is proportional to the amount of $CRED staked, allowing active participants to help guide the evolution of the ecosystem.
Rewards from Platform Growth: $CRED holders not only participate in governance but also benefit directly from the growth of the Credible platform. As the platform expands and the demand for decentralized credit scoring increases, $CRED stakers are rewarded with more tokens, increasing their potential returns.
Additional Yield for Lenders
Credible offers enhanced incentives for lenders who use the platform’s decentralized lending protocols. In addition to stablecoin yields, lenders receive extra rewards in $CRED.
Lender Incentives: Lenders can earn additional yield in $CRED, incentivizing them to participate more actively in the platform’s lending ecosystem. These rewards help attract more liquidity to the platform, benefiting both the lenders and the broader community.
Node Sale Participation
In addition to staking and governance, the Credible community can actively participate in the growth of OracleAI nodes through a node sale.
Limited, Invite-Only Node Sale: The OracleAI node sale is a unique opportunity for the Credible community to acquire a stake in the underlying infrastructure of the platform. The sale will be limited and invite-only, ensuring that early adopters and trusted partners have a chance to participate. Participants in the node sale will receive $CRED tokens and partner rewards, aligning their interests with the platform’s success.
$CRED Tokenomics & Total Supply
There is a total supply of 10 billion $CRED tokens, and the detailed tokenomics will be published soon. The tokenomics will outline how tokens are allocated to early adopters, contributors, and partners, as well as provide transparency regarding staking rewards, governance, and yield generation mechanisms.
Early Adopter Benefits: Early supporters and contributors to the platform will be allocated a significant portion of $CRED tokens to reward their participation in the project’s initial stages.
Sustainable Growth: The tokenomics are designed to incentivize long-term participation, ensuring that $CRED holders, delegates, and lenders continue to benefit as the platform scales.
Conclusion
$CRED is the foundational token driving Credible’s OracleAI ecosystem, enabling staking, governance, and incentives for participants across the platform. By staking $CRED, participants can support the OracleAI node network, earn rewards from platform growth, and actively influence the governance of the platform.
The delegate architecture, where trusted partners manage OracleAI nodes and share staking rewards, incentivizes the ecosystem’s scalability and security. Lenders can also earn additional yield in $CRED, increasing participation in the platform’s lending activities.
With a total supply of 10 billion $CRED tokens and an invite-only node sale, the platform is creating an engaged and incentivized community. As the tokenomics model is finalized, early adopters, contributors, and partners will benefit from exclusive allocations, ensuring that those who support Credible’s vision are rewarded as the platform grows.
Stay tuned for the upcoming $CRED tokenomics release and the exciting opportunities to participate in the OracleAI node sale!
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