AMA RECAP : CRYPTOSCAPE x DECREDIT
Venue : Crypto Scape
Date : 03 DEC 2021
Time : 01:00 PM UTC.

Guest : Jennifer
They shared detailed information and opinions about the Project DECREDIT.

🔴 SEGMENT 1 INTRODUCTION

1) please introduce yourself and your team to our community and tell your crypto story

Jennifer:
Sure. This is Jennifer, COO of Decredit. I'm in charge of marketing and operations for DeCredit. Not just AMA, but also developing a marketing strategy based on our product features, negotiating with influencers, and increasing DeCredit's reputation in the industry. But my favorite part is the AMA, which gives me a chance to communicate closely with friends in the crypto-community and learn your opinions.

2) What is Decredit all about , it’s usecase and how you got the Idea of creating it??

Jennifer:
DeCredit embraces Web3.0 by implementing credit oracle.

Blockchain security comes with some limitations. Blockchain is a deterministic, closed system environment, isolated from other sources of information. Blockchain can only capture data on the chain, which is disconnected from the real world.

DeCredit creates a world-leading credit oracle. Cooperating globally with authorized credit data nodes will realize the integration of on-chain and off-chain credit data.

By introducing encryption algorithms and credit oracle mechanisms, credit oracles are established to empower the DeFi market. We optimize the allocation of resources to provide liquidity support to a wider range of entities and individuals with the goal of reducing collateral.

So, credit will play a crucial role in the blockchain ecosystem. Therefore, DeCredit's credit oracle has cross-time significance for the entire industry and ecology.

3) Who is your project’s biggest rival? In the future, does your project have a plan to beat your rival or cooperate with them? I think that will be a huge step forward for your project.

Jennifer:
There are several oracle solution providers in the industry, including Chainlink, Oraclize, Dos Network, and others.

But, as far as we know, no other organization is running a credit oracle, which means we have no competition.

Chainlink's solution is to use smart contracts on the chain and data nodes off the chain to request and send data through reward and punishment mechanisms and aggregation models. Oraclize: A demonstrably honest oracle service that relies on Amazon's AWS and TLSNotary technology. DOS Network: a Network that provides decentralized oracle services.

Up to now, Credit Oracle is still a blank field and DeCredit is an advocate of it. The huge variation in the credit data of citizens in different countries makes it difficult to implement Credit Oracles.

However, some of the DeCredit team members have years of experience in credit algorithms, big data risk control and others have a deep understanding of smart contracts and oracle, which is also the basis of our standing in the industry.

Our advantages are mainly in these aspects. Firstly, we are the world's first protocol to build an “on-chain and off-chain” omnichannel lending scenario. Secondly, we are the first project to realize regional level and global level credit oracles. Furthermore, our biggest foundation is that our team has been deeply engaged in the credit investigation market for many years and has rich industry resources in credit investigation protocol, big data credit investigation, industrial fund, data risk control, etc.

4) Tell a bit about your staking feature and is the airdrop displayed under the staking tab still live if yes how can users participate in it ?

Jennifer:
Sure, DeCredit has a liquidity pool to Farming or staking.
There are three staking pools.

The new 3 months’ and 6 months’lockup staking pools have already been launched on the Mainnet !You can enjoy a huge additional CDTC reward.

Pools are primarily funded by cryptocurrency stakings and we will support main cryptocurrencies at first.
The users deposit their crypto assets into the liquidity pool and lenders lend out funds from the pool.

Mining steps of CDTC:
The mining is available on DeCredit. You can get CDTC as profit by deposit or borrowing on DeCredit.

Jennifer:
Just click on CDTC logo to withdraw your mining reward.
Staking steps of CDTC:

Go to the ‘Stake’ page, then click on ‘Enable’ to activate the staking. Once the wallet transaction is confirmed, it means the staking activation is successful. The gas fee needs to be paid for the activation.
After the activation,
To stake the asset to earn. Click "Stake" and enter the amount of stake. Confirm the transaction in the wallet. Once the transaction is successfully completed, it means the stake is successful. The page will show your balance in the staking pool.

And we have re-distributed airdrop prizes and all winners will receive more CDTC than Decredit team has promised.

5) DeCredit’s blacklisted repository will be recorded on the blockchain and co-managed by institutional nodes in a distributed storage approach. Offers the advantages of consistency, sharing and openness. What are the benefits?

Jennifer:
Through institutional node governance to achieve a fair, just and transparent blacklist to reduce the default behavior in the blockchain ecosystem.

All institutions update, maintain and confirm the list database through smart contract, and provide blacklist database rewards. Every valid blacklist data uploaded will be rewarded with tokens.

Eventually build the world's largest on-chain and off-chain co-governance blacklists. The DeCredit blacklist can not only be used by global DeFi projects, but can also provide credit oracle support for NFT and Metaverse projects.

🟢 SEGMENT2 TWITTER QUESTIONS.

Q1 In the world’s credit system, so many good security systems. Of course, to secure all assets of all parties, so what kind of security system does DeCredit implement? And how strong is DeCredit’s security system? @crypto_odeb

Jennifer:
There are two privacy protection issues with personal credit data stored on the blockchain: data confidentiality and the right to erasure. Data confidentiality refers to the fact that credit data is only visible to the user and the right to erasure refers to the right of the user to request erasure in certain circumstances.

According to the EU Parliament's study, to protect credit data by means of "multi-level encrypted storage of personal data on the blockchain", has potential to solve the confidentiality and erasability of credit data and meets the EU's GDPR standard for privacy.

In order to protect the user's data, we first need to ensure that the data is not publicly available, but the user's credit data is so personal that even if it is stored on the DeCredit project's servers there is no guarantee that only the user will know about it. While if it is placed on the blockchain, the data volume would be too great a burden on the blockchain.

Considering this, we use the "off-chain data storage plus on-chain DNA fingerprinting" approach, where we store the hash value, which is the proof of the authenticity of the data on the blockchain, and the hash value of the same offline file is exactly the same. When a call is required, a pointer to the hash operation shall be presented, then the data will be retrieved and proof is provided by comparison.

The solution to satisfy the right to erasure is the following: the DNA values of personal data are stored in the DeCredit chain. This is encrypted using a triple key, one proprietary to DeCredit, one persistent Persistence key and one held by the user, whose encryption algorithm is AES256GCM, where the Persistence key is generated by the smart contract and stored on the server, as shown in the diagram. If a user exercises the right of deletion and requests that the information on the chain be removed, this can be done by destroying the Persistence key, which is encrypted with AES256GCM.

We have already passed the audit on Knownsec,and our technical directors have a wealth of experience on code as we will keep developing our product, so please don’t worry, the version you will use to DeCredit landing is passing the audit.
https://audit.decredit.io/Decredit_Audit_Report.pdf

Q2 The biggest challenge facing projects right now is related to the current market conditions. So, can you explain the reasons why users and investors should participate in the long-term development of the Decredit ecosystem? @BENSTOCK26

Jennifer:
DeCredit adopted the decentralized credit data to create credit oracle, which opens up more possibilities for existing applications.

Once the product has its meaning to exist and the token has multiple utilities, the project can have a long term development.

Also, the Credit is so important in our modern world, not to mention its function in the traditional credit loan and financial market, it also plays an essential role in the emerging crypto world, like NFT, GameFi and Metaverse. So we are confident that we can have a bright future in both the product and marketing development side.

Here are 4 reasons to hold CDTC tokens:
1.Long-term holders of CDTC can not only get profits from price increases, but more importantly, long-term holders can also share the profits, which are generated by paying for the use of our Credit Oracle.
2.Holding the CDTC could increase the credit scores so that to increase mortgage rate
3.Stake CTDC in our platform could earn more CDTC income
4.Stake CDTC could receive airdrop tokens.

DeCredit will evolve with investors, and I believe that with a professional team and advanced ideas and technologies, Decredit can gain investors' trust.

Q3 Experienced team is the most vital thing in building company growth, a project will not develop without being managed by an experienced team, whatever it’s good. So, how about @DeCredit001 project? Does Decredit team have good experience in the cryptocurrency world? @fulmoti12

Jennifer:
Our team has rich experience in the Blockchain and Crypto industry. Team members are from well-known blockchain teams and media. Core dev has more than 15 years software and blockchain development experience. BD director is from a mainstream blockchain media.

Our founding team operates a credit loan company with 200k+ user base. They’ve seen a lot of pain points in the traditional credit loan industry like user information is abused and users cannot find his matching products.

They were attracted by Blockchain technology and ecosystem. It’s decentralized and transparency features will help users to protect their own data and they have access directly to the Defi products they need.
However, on the other hand, the Defi products nowadays are almost in over collateral mode which means users would suffer from low fund utilization.

Q4 Marketing strategy is very important.A product can be established on the market without marketing and promotion, whatever it is good. So what are your plans for this?? How will you build strong relationships with communities? @SejanHosean1

Jennifer:
We have a TG community of more than 80,000 members and close to 70,000 Twitter followers, which is a relatively large community size in the field of encryption.We plan to open more communication channels including Facebook, Discord, Instagram, etc.

These social media sites have allowed us to reach out to a wider audience in the non-crypto community, and to let them know about DeCredit and get their approval.

The community is always the essential part for a project. Also, the governance mechanisms in the CDTC protocol stem from the interplay of community participation, incentives, self-regulation and policy management, all of which are adapted to suit the needs of the market and to survive with it.

Therefore, we emphasise community participation and the fact that every major decision is made through shared community governance such as voting.

Governance rights of holding CDTC include:
Voting on major matters, including the Credit Loan project
Addition of new cryptocurrencies or stablecoins
Adjusting variable interest rates
Setting fixed interest rates
Oracle services
Product rule improvements
Rating score rule changes
Rating level adjustments
Improvements/suggestions

We're also expanding our community by giving more rewards to loyal users. For example, the upcoming NFT, SuperNode and Ambassador programs will enable our users to benefit from long-term CDTC ownership, including:
Profits gained from the rising price of tokens, staking tokens, dividends from oracle machines, extra rewards for super nodes, etc.

Through the Ambassador Program, we will build more small language communities in the future, such as the Philippines, Indonesia, Korea and so on.
The continuous iteration of products and services will make users enjoy the latest and most favorable experience in DeCredit, and create a perfect entire ecosystem with us.

Q5 What is your top priorities in the end of 2021 and the coming 2022,so Could you share some plans for the upcoming year?Which part of the project are you most focused on right now? @jecon_roy

Jennifer:
Decredit is the credit infrastructure of web3.0. Web3.0 is the mainstream that will replace the existing Internet web2.0 in the next two decades. So our first plan is to deploy credit oracle in various Web3.0 application scenarios. So far we have implemented the credit oracle into our main network.

You can join tg group and follow social media to get update info:
Mainnet: https://app.decredit.io/
Youtube: https://youtu.be/uQYAUjiIWPA
Medium:https://decredit.medium.com/
Telegram: https://t.me/DeCreditenglish
Twitter: https://twitter.com/decredit001
Website: https://decredit.io

We plan to promote the following events in the next few months.

Firstly DeCredit has completed Mainnet (DeFi) development and has deployed a credit oracle as a pilot. We will continue to iterate on our mainnet, so that users can enjoy better products.
Mainnet: https://app.decredit.io/
Manual-How to join the Mainnet:https://youtu.be/uQYAUjiIWPA

Secondly, by obtaining information from trusted institutions in each country, DeCredit will implement on-chain and off-chain ID authentication for individuals.

Thirdly, DeCredit will build the world's largest blacklist of on-chain and off-chain co-governance.DeCredit draws on the team's accumulated credit data from years in the credit investigation industry. With the blacklist as the origin, the third-party credit investigation blacklist database under the chain will be integrated.

DeCredit will launch the Global Credit Algorithm Developer Program. The oracle service needs to rely on the credit investigation data of authoritative organizations in various countries and regions, DeCredit is dedicating 10% of its total coins to support the building of oracle service around the world.

For our future, we are looking forward to connecting the individual credit investigation profile and transmits it to the chain, coupled by our initial and long-standing commitment to provide innovative, revolutionary and decentralized DeFi service for users with financially manageable risks to build a much healthier open finance market.

🟢 SEGMENT 3 TELEGRAM LIVE

Q1-Jibon Mia:
A specific roadmap for vaccination collection and distribution should be made public immediately🌺🌺

Jennifer:
Rroadmap:
Q4 2021
We will integrate DeCredit credit loan module into the collateralized loan.
We will expand our credit loan to more real world scenarios. (To cooperate with a real estate project)
1st Half 2022
We will build up a privacy solution and run DeCredit Scoring algorithm in a trustable environment.
We will build up a distributed storage solution.
We will build our decentralized credit oracle with node and oracle aggregators.
2nd Half 2022
We will offer each of our users a distributed ID and count his on-chain credit data into DeCredit Oracle’s rating as well.
So far, we have finished the Q3 plan, as well as brand update, liquid lending pool, the cooperation with Litentry and Crust, etc.
In the future, DeCredit is committed to expanding and implementing more application scenarios, accelerating the construction of global credit oracles. Traceability mechanism, etc. DeCredit is open source and will provide powerful credit data services for other DeFi projects.
Governance rights of holding CDTC include:
l Voting on major matters, including the Credit Loan project
l Addition of new cryptocurrencies or stablecoins
l Adjusting variable interest rates
l Setting fixed interest rates
l Oracle services
l Product rule improvements
l Rating score rule changes
l Rating level adjustments
l Improvements/suggestions
We have listed on Hotcoin exchange at present:https://www.hotcoinex.top/.

Q2-Require:
🧙‍♂️👼👩‍ STAKING" is one of STRATEGIES to ATTRACT USERS and ACHIEVE MASS ADOPTION

Does your GREAT PROJECT have plan about Staking? ♥♥" STAKING" is one of the STRATEGIES to ATTRACT USERS and ACHIEVE MASS ADOPTION

Does your GREAT PROJECT have plan about Staking?🧙‍♂️👼👩‍

Jennifer:
The new 3 months’ and 6 months’ lockup staking pools have already been launched on the Mainnet !You can enjoy a huge additional reward. Contact us to participate!

Mainnet: https://app.decredit.io/.

Q3-Robinson:
Your project name seems to be very interesting. Does it have any story behind it? Can you share us with the inspiration for approaching to this name?

Jennifer:
DeCredit=Decentralization+Credit
We are the world's first protocol to build an “on-chain and off-chain” omnichannel lending scenario. We are the first project to realize regional level and global level credit oracles. Furthermore, our biggest foundation is that our team has been deeply engaged in the credit investigation market for many years and has rich industry resources in credit investigation protocol, big data credit investigation, industrial fund, data risk control, etc.
DeCredit will fuse the traditional credit institutions and blockchain DAO governance in the hopes of selecting some trusted third-party credit investigation entities and blacklist database institutions. These selected institutions will be incorporated into credit authentication nodes in DeCredit and a number of region-based Oracle credit nodes will be set up. At the same time, a comprehensive score is assigned to users based on the data uploaded by the said selected institutions, and the comprehensive score is transmitted to the DeCredit blockchain through the Oracle machines for the purpose of assessing the credit line and APY in terms of crypto credit loans.

Q4-Maqui:
Do😚😚😚 you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us?have a YouTube channel or something? can you share it with us?🌹🌹🌹🌹

Jennifer:
Yse, we have videos
Youtuobe: https://youtu.be/uQYAUjiIWPA

You can join tg group and follow social media to get update info:
Mainnet: https://app.decredit.io/
Medium:https://decredit.medium.com/
Telegram: https://t.me/DeCreditenglish
Twitter: https://twitter.com/decredit001
Website: https://decredit.io.

Q5-Waluyo Benjo:
Very interesting project 🤩🔥

Where now we can try your application this ??
And with what wallet for connection, trustwallet or metamask ??

Jennifer:
You can use Metamask for connection.
We have listed on Hotcoin and BItmart exchange.

Jennifer:
Bitmart:https://www.bitmart.com/trade/en?symbol=CDTC_USDT&layout=pro

Hotcoin:https://m.hotrebi.com/currency/index?id=1900126&refererRouterName=CoinTradeQuotation&isSearchPage=true

Thank you so much for hosting us!

It was a pleasure to be here! We look forward to more in the future.

Thank you from Crypto Scape 😍

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