Credible Finance: Earn Rewards and Prepare for $CRED Airdrops

BY
Sean Millare
/
Jan 21, 2025

Credible Finance is a cutting-edge platform that combines the best of decentralized finance (DeFi) and traditional fintech. It offers non-custodial, licensed solutions for flexible credit options in fiat, including third-party payments. This seamless integration empowers users with secure and innovative financial tools.

Smarter Lending with AI

At its core, Credible uses AI technology to create a decentralized credit system. Think of it as a blockchain version of FICO or Experian. This system builds wallet-based credit scores and histories, enabling Credible to move from overcollateralized loans to undercollateralized and even no-collateral credit in the future. It’s a smarter, more accessible way to borrow and lend in the Web3 world.

Now, Credible is inviting early supporters to join its newest initiative, "The Spaceship." This pre-token generation event (pre-TGE) is designed to reward participants with points called “Moons,” which can lead to $CRED token airdrops in the future.

How to Join the Mission and Collect Moons

The Spaceship campaign offers several straightforward ways for participants to earn Moons:

  1. On Joining: Receive 5 Moons simply by becoming part of the Credible Finance ecosystem.
  2. On Social Media Engagement: Earn 5 Moons each for following Credible Finance on Twitter and joining their Discord community.
  3. On PayFi Deposit: Double your total Moons balance by lending on Credible’s PayFi platform. This 2x multiplier makes participation even more rewarding.
  4. On Oracle Node License Purchase: Maximize your Moon collection by purchasing the Oracle License, multiplying your Moons balance by 10 times.

The more Moons you gather, the higher your wallet’s eligibility for $CRED token airdrops, making this campaign a golden opportunity for early adopters.

What Are Moons?

Moons are point-based rewards at the heart of this campaign. By accumulating Moons, participants increase their chances of receiving $CRED tokens once they’re distributed. This incentive system rewards loyalty and early support for Credible Finance, encouraging users to engage with the platform’s offerings.

Exploring the PayFi Lend Platform

A key component of the campaign, PayFi is Credible’s full-stack payment financing platform. It enables users to leverage stablecoins for overcollateralized fiat loans, facilitating use cases such as invoice financing, Buy Now Pay Later (BNPL), and payroll financing. Participants who lend on PayFi can lock their deposits for 90 days and earn an impressive 18% annual percentage yield (APY) in stablecoins. As a bonus, this action doubles their Moons balance, making it a compelling option for those seeking both financial growth and campaign rewards.

Unlock the Potential of the Oracle License

The Oracle License represents a significant leap in Credible Finance’s vision of transitioning from overcollateralized to undercollateralized loans. Oracle nodes form the backbone of Credible’s on-chain lending ecosystem by building a robust reporting database and reputation scoring system akin to traditional credit scores like FICO. By purchasing the Oracle License, participants unlock:

  • Lifetime Rewards: Earn perpetual rewards from Oracle node operations.
  • Vested $CRED Allocation: Secure an allocation of $CRED tokens, cementing your position in Credible Finance’s ecosystem.
  • 10x Moons Multiplier: Supercharge your Moons balance, maximizing your reward potential.

Affiliate Rewards: Earn More with Referrals

The Spaceship campaign is invite-only, and Credible Finance provides lucrative affiliate rewards for referrers:

  • On Oracle License Purchases: Referrers earn 10% of the Oracle License purchase value. Rewards are paid in USDC or the currency used by the buyer.
  • On PayFi Lend: Referrers earn 10% of the APY paid to the referred lender. This reward ensures both the lender and referrer benefit from participation.
  • On Social Media Engagement: Referrers earn 1 Moon for every referral who completes the Twitter and Discord joining tasks.

Supported Networks for The Spaceship Campaign

The Spaceship campaign spans multiple networks, ensuring accessibility for a broad user base. Currently, Credible supports the following networks:

  • Monad Testnet
  • Solana Mainnet
  • Plume Mainnet

This multi-network approach reflects Credible Finance’s commitment to innovation and inclusivity, inviting participants from diverse blockchain ecosystems.

Join the Journey to $CRED

The Spaceship campaign by Credible Finance is more than just a rewards program — it’s an invitation to become part of a groundbreaking financial ecosystem. By earning Moons through engagement, lending, and node license purchases, participants position themselves for future rewards and play a pivotal role in shaping the future of on-chain lending.

Sean Millare

Sean, a skilled writer, gamer, trader, and investor, with a passion for all things web3. With a practical touch, he sheds light on the evolving crypto scene, helping readers grasp blockchain intricacies and make savvy decisions in decentralized finance.

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