Rain.Credit

Rain.Credit offers services via a decentralized lending platform or protocol


Crypto lending is a growing market that started only a few years ago. Unless you're new to cryptocurrencies, you've probably heard this term at some point. Crypto lending works similarly to peer-to-peer lending, where the borrower connects with a lender via an online crypto lending platform with cryptocurrency as a trading currency, not fiat money. Technically, the more correct term is a loan secured by crypto since not all loans are denominated in crypto currency.

Defi is a calculation project that enables the availability of authentic and reliable credit risk data for lenders. The Defi system allows multiple lending institutions to collect borrower data through a highly secure cross-company data collaboration platform.

About the Rain.Credit Project?

Rain.Credit is a service that provides information about customer loan applications to reduce the risk of default, excessive risk taking and criminal activity to investors. The more information the borrower provides, the less collateral needed to borrow and the more funds available for borrowing.

Rain.Credit

Rain.Credit is a BEP20 token on the Binance Smart Chain that acts as an Oracle Aggregator non-custodial Off-Chain Data analyzer that assigns a short Credit rating to a user's address. This credit rating is used to provide a better collateral factor for lenders and borrowers of digital assets on the rain platform. Rain.Credit is based on the current decentralized lending platform and protocol, but with various changes to bring more innovative designs and experiences.

Rain Credits Features:

  1. Oracle Analytics Off-Chain
  2. Digital Trust
  3. Non Custodian Loans
  4. Credit score
  5. Trust Network
  6. Binance smart chain / ethereum compatible

How rain drops work

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RAIN = Amount to borrow + Transaction History / Amount to safeguard

Oracles provide solutions to transparency problems that face many defi projects. By releasing chain information and supplying data in an unchanging manner, Rain.Credit Oracle enables smart contracts to pull data from blocks containing the information needed. The information that Rain.Credit oracle sends will include things that the blockchain cannot track or monitor. This includes payment history of users across multiple chains, real world economic events, government policy changes, and user account history.

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Borrow More Assets With Less Collateral

Loan Rain is a non-custodial digital asset lending and loan platform. It is based on a combined protocol with a modified asset pool and the use of Rain + to increase access to additional funds on top of the current secured debt position (CDP) offered by Compound Finance, AAVE & CREAM.

Rain + is the number of additional tokens we offer to borrowers through our platform without providing additional guarantees, based on their transaction history and rankings from Rain Off-Chain’s oracle analytics.

Tokenomics

$ RAIN   has a simple distribution model. The total supply consists of 800,000   $ RAIN  .

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The distribution of tokens is as follows:

  • 40% will be sold through presale
  • 20% will be used for project development
  • 20% will be used to provide liquidity and agricultural products
  • 10% of tokens will be allocated to the team   (For 2 years, these tokens will be locked to instill trust in the community)
  • 10% will be used for marketing
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TEAM

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Rain.Credit Roadmap

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K2–2021 (Testnet season)

Our focus for the second quarter of 2021 is to equip the platform with Oracle and the Lending platform to work effectively on the testnet in record time. We also aim to further build on the Oracle platform by building a “Trust Network”, which motivates data providers.

  • $ RAIN token Presale (read more)
  • Exchange List
  • Testnet Off-Chain Aggregation Oracle Analytics
  • Testnet Loan Platform.
  • Testnet Trust Network
  • Launch of Betting and Deflation Farming

K3–2021 (Mainnet Season)

Our focus for the start of the third quarter of 2021 is to equip the platform with Oracle and the Lending platform migrating from Testnet to Mainnet in record time. We also aim to further build on the Oracle platform by launching a “Trust Network”, which incentivizes data providers.

  • Contract Audit Loan and Oracle
  • Mainnet Off-Chain Oracle Analytics
  • Mainnet Loan Platform
  • Aggregated Data Provider
  • Trust Network
  • RAIN Oracle Hackathon

K4–2021 (Middleware season)

This quarter will be heavily focused on mid-sized device integration and a period that will appeal to our community with the launch of the RAIN Drop RAIN Governance.

  • Oracle Network Release 2.0 (Beyond Aggregation Analysis)
  • Off-Chain Oracle Marketplace release supporting multiple chains
  • RAIN GraphQL Abstraction Layer Launched
  • RAIN DAO Governance
  • Release of Off-Chain Asset Management and Monitoring Platform
  • Release of Off-Chain Asset Management and Monitoring Platform (One-Click Integration with non-blockchain based platforms)
  • Comprehensive API Release and Documentation

K1–2022 (Cross Season)

The First Quarter will see a focus on Cross-Chain integration outside the Ethereum network with the aim of making our services available on various blockchain networks.

  • Cross Chain Collateral Loans
  • Launch of the Cross-Chain Oracle
  • Smart Contract Analysis Platform
  • Cross-Chain Trust Score (Outside the Ethereum Network)
  • Asset Group Trust Score
  • Continuous development and improvement of the Trust Network
  • Academic research and publication of the impact of Trust Score in the DeFi sector

Rain's Credit Team

Rainbuilder / Developer Lead
Greetings /
Drizzle Developer /
Monsoon Community Manager / UI / UX Designe

Conclusion

Rain.Credit takes the opportunity to create a more trustworthy ecosystem while also providing incentives to participate in borrowing and lending to increase users' Credit scores. The use of off-chain analysis to build trust in lending and borrowing in the deficit space is something that has not been explored before the loan has been processed.

For more information, connect to the Rain project. Credit:

Website:  https://rain.credit/

Telegram: https://t.me/joinchat/UqEl0GyJZ4WkDUWR

Github: https://github.com/orgs/Rain-Credit

Media:  https://rain-credit.medium.com/

Twitter: https://twitter.com/rain_credit

Discord:  https://discord.gg/aEc7NWbU

Username:TWIXXER

Link: https://bitcointalk.org/index.php?action=profile;u=2579938

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