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ABSTRACT
In a Debt-Faced World, having a Good Credit Score is one of the most important requirements to integrate the economy. Most times, however, for many of us, following up with how well one's Credit Score is often confusing and frustrating due to errors and inconsistencies that affect a credit score. Based on our Credit Repair Company, we created the Credit Cleaner Token (CC) on top of the Eureka Smart Chain as well as the Polygon Network to be a Blockchain-Based Extension of our aim at facilitating Credit Repair and Credit Scoring through Decentralized Solutions and allowing everyone to achieve their Credit Score Potential. CC will be the fuel of the Credit Cleaner Sidechain that is being built on top of the Eureka Smart Chain. CC holders will be able to Stake their Tokens on the CC Sidechain and govern the Sidechain through a Decentralized Consensus Mechanism while receiving Staking Rewards from the fees generated by the Sidechain's Transactions. The sidechain will serve as a Ledger where individuals can open accounts and stay in touch with their Credit Data as well as receive an updated Credit Score based on the Sidechain's Rating Algorithm. We expect this to eventually turn the CC Sidechain into a reputable Decentralized source of Credit Data by leveraging the unique strengths of Blockchain Technology to create a reliable and trustworthy Credit Data Source. Aside from Credit Repair and Credit Scoring, the CC Token will serve as a Governance Token for other Decentralized Finance Solutions such as Lending, Borrowing, Earning as well as other Decentralized Applications that are necessary in everyday life.
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INTRODUCTION
Blockchain Solutions have advanced considerably over the years and are solving problems all over the world. Thanks to Decentralized Finance, also known as DeFi, many people are now using Cryptocurrency to have more control over their Assets.
DeFi is revamping the Finance Industry by making transactions more Transparent and Fair as well as providing unique access to Decentralized Finance Opportunities to Earn and Borrow.
Traditionally, a person’s Credit Score holds a significant weight in a person’s ability to apply for Loans, enjoy Low Interest Rates, or even Rent
an Apartment. While there are Credit Repair Agencies out there aiming to help people Manage and Fix their Credit Scores, this industry is largely
Centralized and Inconsistencies arise from Foreclosures, Bankruptcies
and more.
Furthermore, Algorithms that calculate Credit Scores are plagued with Security and Transparency problems. Credit Cleaner was created to
change that! Built on the Eureka Smart Chain Network and the Polygon Network, Credit Cleaner is the world’s first Multi Network DeFi Platform
that is building a Community Governed Credit Rating System as well as other Decentralized Finance Solutions needed in everyday life. Its CC
Ledger serves as a hub for Credit Repair and Data Tracking, while the Sidechain will house Data and a Community-Backed Credit Rating System. With this system, you will be able to Dispute and Remove
Outdated or Unverifiable Data and Easily Manage Proper Reporting. The Blockchain ensures Full Security, High Speed, and Very Low
Transactional Costing.
THECCTOKEN
The Credit Cleaner Sidechain is Powered by the Credit Cleaner Token, symbol CC, which is a Stakable Token that serves a variety of Utility Functions. 30% of the Decentralized Platform’s Net Revenue will go into a Buyback and Burn Program in an effort to provide more Stability for the Token.
Credit Cleaner Token solves many world problems and will serve many different Utility Purposes.
One of those problems is the industry wide problem of Congestion, Slow Transfer Times and High Fees caused by the Blockchain being overburdened with too much traffic as well as causing Mining Fees to Fluctuate. It also solves a really big one, especially when it comes to the Credit Industry where Data is most prone to CyberAttacks,
Credit Cleaner is working towards protecting this Data using Blockchain Technology that offers the Highest Level of Protection to date.
Credit Cleaner aims to become a household name with both on and off Blockchain Solutions. Join the revolution today with Credit Cleaner Token.
CC Token is now Listed on QuickSwap.Exchange and available on the Polygon Network through the MetaMask Wallet.
Visit Twitter Or Telegram for more news and updates
including more exchange listings and developments.
Telegram: https://t.me/CreditCleanerOfficial
Twitter: https://twitter.com/CreditCleanerCC
Website: http://cctoken.io/
