$CREDIT Token
$CREDIT TokenThe $CREDIT token is the utility and coordination layer of the Localcredit network. It is not an investment vehicle, speculative asset, or claim on lending yields. Its sole purpose is to align incentives, provide a payment source, enable access, and sustain the decentralized credit rating oracle. Tokenomics Overview
Token Name: $CREDIT
Total Supply: 1,000,000,000 $CREDIT (fixed, no inflation)
Allocation
Percentage
Amount
Vesting / Notes
Foundation
40%
400,000,000
Vesting 36 months
Team & Contributors
5%
50,000,000
4-year vesting with 1-year cliff
TGE
45%
450,000,000
Sold at TGE, no pre-sales, no VCs
Market Making
10%
100,000,000
Added to DEX pools and major EVM chains
All unallocated tokens remain in the DAO treasury.Utility & Use Cases$CREDIT has clear, demand-driven utility tied directly to network activity.
Query Fees & API Access
Every score query (REST or on-chain) requires $CREDIT to be spent.
Pay-per-query or stake for subscription tiers (lower effective cost at higher volume).
Creates sustained buy pressure as adoption grows.
User Fees, Staking for Alignment & Boosts
Users voluntarily stake $CREDIT to signal long-term commitment.
Staked tokens directly increase the user’s score (economic skin in the game).
No slashing or forced liquidation – purely optional positive signal.
Payment for monitoring. KYC/AML links to real world credit links require payments in $CREDIT.
Outcome Reporting Incentives
Lenders who consistently report accurate loan outcomes receive $CREDIT rewards from the ecosystem pool. Distributions are vested and can be used to pay future fees.
Encourages high-quality data to improve model accuracy.
Priority & Premium Features (future)
Higher staked amounts may unlock priority oracle responses, custom analytics, security monitoring or early access to new integrations.
Economic Design Principles
Demand-Driven: Token utility scales directly with network usage (more queries → more $CREDIT needed).
No Speculative Promises: No yield farming, lending APY, or revenue share tied to the token.
Deflationary Tendencies: A portion of query fees may be burned or redirected to rewards (DAO-decided).
Fair Distribution: Heavy emphasis on community rewards and gradual vesting to align long-term incentives.
$CREDIT exists to keep the oracle sustainable, aligned, and resistant to capture – ensuring Localcredit remains a neutral, high-quality public good for the entire ecosystem. Notice about token matters: Localcredit will never sell tokens direct or message you to do so.
Localcredit will not discuss token related price or speculative matters on any chat including X, or telegram.
Tokens are not investment products b
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