Credefi Upcoming IDO On CardStarter Complete Details
Credefi is an innovative hybrid of FinTech Solution and DeFi Protocol connecting cryptocurrency lenders with SME borrowers from the traditional economy, using an innovative and user-friendly approach.
Credefi aims to resolve some of the key challenges of DeFi and TradFi:
- DeFi yields are inconsistent, fragile and evaporate in bear markets
- SMEs are underserved by banks, borrowing at high interest rates and oversized collaterals
Their mission is to change decentralized lending, Credefi’s much-awaited IDO will take place on the leading Cardano-based launchpad — CardStarter, on November 8 at 3 PM UTC and will last for 24 hours.
Important Dates Regarding Credefi IDO
- Sunday, October 31 at 3 PM UTC: CardStarter Whitelist Registration Opens
- Wednesday, November 3 at 3 PM UTC: Whitelist Registration Closes
- Monday, November 8 at 3 PM UTC: CardStater Pool opens & IDO begins
- Tuesday, November 9, 2021 at 3 PM UTC: CardStater IDO ends
30,000,000 $CREDI Tokens will be offered for sale on the CardStarter launchpad, representing 3% of the total token supply. 34% of public sale tokens will be unlocked at the Token Generation Event (TGE), 33% will be unlocked 1 month later and the final 33% will be unlocked 2 months after TGE.
ABOUT Credefi
Credefi is a first mover hybrid of a FinTech and DeFi solution connecting crypto lenders of stablecoins and SME borrowers from the real economy. Credefi’s platform enables decentralized and secured lending to portfolios of business projects or individual companies, protecting lenders while providing them fixed APY.
RESOURCES
Medium
