DeFi data and risk modeling platform Credmark has officially launched $CMK, making up to 10,000,000 of the tokens available for purchase with USDC at launch.credmark.com. The innovative Liquidity Swap Drop will distribute 10 percent of the total supply from Tuesday, June 15, 2021 at 1:00 PM EDT to Friday, June 18, 2021 at 3:00 PM EDT.
Please Note: This is a Press Release
$CMK will be used for staking and governance votes on Credmark. The platform enables developers to build risk adjusted financial models on provable, high integrity data, and test and distribute their models to the public. This decentralized approach connects three communities of users to create a self-sustaining ecosystem: model contributors, who create predictive and statistical models; token holders, who govern the rules and inputs of the platform; and retail users who take financial positions through the platform and generate fees.
“We’re excited to finally introduce proper risk modeling to DeFi. This was an aching need in space and we believe that now that these tools are available there will be a new influx of capital and the development of applications everyone’s been waiting for such as undercollateralized loans. All thanks to Credmark and $CMK holders,” said Credmark’s CSO Momin Ahmad.
To celebrate the launch week, Credmark has planned an exciting week ahead filled with live music events, token giveaways, AMAs, and a chess tournament. The AMAs are being held in Discord and have already started.
Originally a crypto credit data company, Credmark’s novel platform addresses data integrity issues in DeFi by aggregating and normalizing data. The team has identified a way to provide high integrity, institutional grade risk tools to retail users. The CMK token will be used to govern network parameters, incentivize model developers and other contributors, and secure the system via staking lockups.
