Creditcoin is a decentralized credit network that aims to make the bridge between investors and fundraisers. The platform will allow miners (investors) to earn the platform tokens by providing capital to clients, on the other hand, the clients will raise capital by paying Creditcoin to the miners. As the whitepaper reads:

"An investment in the Creditcoin network will start by matching offers from investors and fundraisers. A fundraiser will post seeking an amount, interest rate, and collateral. Additionally, the fundraiser will add some amount of Creditcoin to the offer. If is there an investor with matching conditions, the fundraiser and the investor announce the deal to the Creditcoin network. The system verifies the deal's completion by confirming the exchange of collateral and investment.Once validated, the system sends the CreditCoin attached to the investment to the investor."

Furthermore, miners will be able to select credit history parameters to be protected against various risk models.

Creditcoin partnered with Aella Credit (Silicone-Valley backed company) that provides financial services to underbanked African countries. Gluwa, Inc. is Creditcoin’s technology provider, responsible for research and development of the blockchain. The token sale is conducted solely by Gluwa. Aella Credit is Creditcoin’s primary distributor. Aella will absorb part of the capital raised from this token sale as a debt line and efficiently generate transactions on the blockchain. More information can be found here.

Aella Credit Team:

Creditcoin Team:

• Taelim Oh: CEO.
• Pope Kim: CTO.
• Aston Lee: Regional Director.
• Chris Yoon: Director of Engineering. 
• Vladimir Kouznetsov: Blockchain Architect. 
• Paul Hsu: Engineer. 
• John Choi: Engineer. 
• Kyoungjun Lee: Product Manager. 
• Dana Ryoo: Marketing. 

CreditCoin will be holding its ICO on the 15th of February, 2018. The ICO token supply represents 10% of the total token supply, so there will be a total of 200,000,000 tokens available, for 1 USD each during the offering. The ICO funding target is 10,000,000 USD, the funding cap is 30,000,000 USD and is expected to end on the 15th of April, 2018 or when the funding cap is reached.

Token Reserve Split (90%):

• 70% for miners;
• 15% Founders;
• 5% Creditcoin Foundation;

CreditCoin ICO will feature a bonus program, and the token will not be mineable.

Bonus Structure:

• 7.5% for 1 year vesting;
• 15% for 2 years vesting;
• 20% for 3 years vesting;