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CreDA Price

(CREDA)

Note: This cryptocurrency has not yet been officially listed on KuCoin TR.

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    CREDA(CREDA) Profile

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    ATH
    0.94123043
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    About CREDA

    • How can I buy CreDA (CREDA)?
      Buying CREDA on KuCoin TR is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy CreDA (CREDA) for more information.
    • Coin description
      The CreDA protocol utilizes off-chain and on-chain data to compute a user credit score, also known as a credit rating. CreDA provides on-chain credit ratings for the blockchain world by minting a user’s credit profile into cNFT. The cNFT enables the user to unlock preferential rates and incentives across a variety of use cases e.g. reduced borrowing rates on DeFi platforms. The CreDA protocol enables DeFi platforms to model risk profiles across their userbase to offer personalized rates and services, making them more competitive versus industry peers. Built on the Ethereum Layer 2 network, CreDA will operate across multiple chains including Arbitrum, BSC, Polkadot, Polygon, HECO and ESC. The CreDA credit rating system is based on the decentralized identifier (DID) protocol, utilizing artificial intelligence (AI) to compute user credit scores through its proprietary CreDA Credit Oracle. CreDA introduces the concept of personal credit scores into the DeFi ecosystem analogous to off-chain providers such as FICO, Experian, Equifax, TransUnion and Zhima. CreDA provides a low-cost, trustless solution for DeFi platforms and users through a decentralized credit rating system. The platform provides personalized lending schemas for individual users according to their individual credit rating. Through participation in the CreDA protocol and virtuous on-chain activity, users can benefit from preferential margin rates, improved credit ratings, and a range of incentives based on their credit score. CreDA enables users to increase their leverage ratio (loan vs. collateral) to the extent some users may be able to secure loans with no over-collateralization being required. CreDA allows users to build and grow their individual credit whilst contributing to the evolution of a DeFi web of trust across multiple chains. This credit can be extended into traditional finance where off-chain commercial entities can account for on-chain activity through the consumer’s CreDA score.

    FAQ

    • What is the all-time high price of CreDA (CREDA)?

      The all-time high price of CreDA (CREDA) is 0.94. The current price of CREDA is down -- from its all-time high.

    • How do I store CreDA (CREDA)?

      You can store your CreDA in the custodial wallet of a cryptocurrency exchange without having to worry about managing your private keys. Other ways to store your CREDA include using a self-custody wallet (on a web browser, mobile device, or desktop), a hardware wallet, a third-party crypto custody service, or a paper wallet.