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Stithulf ERC
About Stithulf ERC
Stithulf ERC (SULFERC) is a decentralised lending protocol developed by Stithulf. It operates on Ethereum and Binance Smart Chain, providing lending services to individuals, businesses, and governments. With a fixed token supply and a blockchain-based credit scoring system, SULFERC aims to bring innovation to traditional lending practices while managing risk responsibly.
Stithulf ERC (SULFERC) is a cryptocurrency project developed by Stithulf, a company focused on innovative financial applications and banking technologies. Launched on the Ethereum blockchain on 19 February 2023, SULFERC later expanded to the Binance Smart Chain on 2 May 2023. It aims to revolutionise lending services with a decentralised approach, offering an alternative risk management system through its lending protocol.
SULFERC is used as a utility token in the Stithulf ERC ecosystem to facilitate lending services. Individuals, businesses, and governments can apply for loans through Stithulf ERC, and the lending process includes a credit scoring system based on blockchain data. If loans are repaid successfully, users receive a positive credit score, simplifying future transactions. Otherwise, a negative credit score is given. The project aims to maintain a fixed supply of tokens while managing risk based on SULFERC's token price.