According to the IMF, global nominal GDP was $78.5 trillion in 2014. However, Aon pegged the total size of the global capital investment market at $101.1 trillion in June 2013. If this relationship stays the same for cryptocurrency, then the $445 billion market cap at the end of 2017 means a potential cryptocurrency investment market of $573 billion.
The blockchain is a technology of objectivity that provides a better alternative to trust in third parties. The Creditcoin Network is a transparent credit market for crypto assets, built upon blockchain technology that allows you to pursue your goals and dreams without taking a leap of faith.
A sound currency must be lendable. Our goal is to connect blockchain assets with a straightforward protocol to create an inter-blockchain lending market, bringing the crypto ecosystem closer to a sound currency.
Creditcoin connects many blockchains to create a secure, transparent cryptocurrency lending market that allows fundraisers and lenders to connect directly.
We propose to build credit for the 2.5 billion unbanked people around the world using blockchain technology
A fundraiser posts seeking an amount with an interest rate, and collateral. The fundraiser also adds some Creditcoin to the offer.
When investment and fundraiser offers are matched, the investor will assess the risk of the opportunity based on the credit history of the fundraiser on the Creditcoin blockchain.
Timeline with key events