A narrative description of the purpose of the project is provided.
Response
Credible is the Open Payment Stack, payment rails for businesses traditional providers won't serve. Gaming, prediction markets, creator platforms, and fintechs use Credible to collect payments locally across emerging markets and settle globally in stablecoins, same day. Credible acts as merchant of record, underwrites risk with AI, and advances instant settlement from its own float, one integration, no 7-day delays.
$CRED is the network's ownership token, launched via community raise on MetaDAO.
For each existing entity: Labs/DevCo (e.g., Founder, CEO, CTO, COO), Foundation (e.g., President, Executive Director, CFO, COO), and DAO / onchain governance leadership (if applicable) list the: (a) full names, (b) official titles, (c) and prior experience of key team members. For any non-existent entity, explicitly mention it does not exist. External links may be included but they will not factor into the score.
Response
Full Name | Official Title | Prior Experience |
|---|---|---|
Shrikant Bhalereao | Founder and CEO | Before Credible, we built a healthcare fintech, Kiwimoney, that exited to Anq. Shri has spent 14+ years in payments. He’s worked on card acquiring and issuing at Gemalto (acquired by Thales), payment orchestration at CellPoint Digital, global commerce at Anatwine (acquired by Zalando), enterprise infrastructure at Oracle, and crypto-backed credit at Nexo. |
Akshay Soam | Founder and CTO | Akshay has spent 10+ years across fintech, gaming, and payments at YooZoo Games and HSBC. Before that, he got his Master’s in AI/ML from Liverpool John Moores University. |
Full Name | Official Title | Prior Experience |
|---|---|---|
Shrikant Bhalerao | Contributor | Before Credible, we built a healthcare fintech, Kiwimoney, that exited to Anq. Shri has spent 14+ years in payments. He’s worked on card acquiring and issuing at Gemalto (acquired by Thales), payment orchestration at CellPoint Digital, global commerce at Anatwine (acquired by Zalando), enterprise infrastructure at Oracle, and crypto-backed credit at Nexo. |
Full Name | Official Title | Prior Experience |
|---|---|---|
Shrikant Bhalerao | Contributor | Before Credible, we built a healthcare fintech, Kiwimoney, that exited to Anq. Shri has spent 14+ years in payments. He’s worked on card acquiring and issuing at Gemalto (acquired by Thales), payment orchestration at CellPoint Digital, global commerce at Anatwine (acquired by Zalando), enterprise infrastructure at Oracle, and crypto-backed credit at Nexo. |
Provide a structured description of the DAO's governance, powers, and economic rights. If a DAO does not exist, state so. Address the lettered items below. Even if there is no DAO, there must be an answer to (d).
Response
All Project intellectual property, including the codebase, brand, and related inventions, has been irrevocably assigned to Credible Finance S.P.(Foundation), a segregated portfolio of Futarchy Governance SPC (Cayman Islands). The CRED token is enshrined as the ownership and oversight instrument of that segregated portfolio, so tokenholders collectively govern the entity that owns the IP through DAO. The operating business is conducted by Kiwimoney Inc., licensed MSB with FinCEN.
Governance operates through MetaDAO's futarchy decision-market framework: proposals are adopted or rejected based on conditional market outcomes rather than direct token voting. For the first three months post-fundraise, community proposals that materially impact the project (e.g., buybacks, liquidation, reduction of spending limits) are restricted per the fundraise terms, with MetaDAO retaining discretion to shorten this. Certain protective actions (enforcement remedies, conversion rights under the structure's credit arrangements) require SegCoDAO Approval, and an Emergency Supervisor is authorized to act upon defined adverse events.
No locking or staking mechanism granting additional rights exists. Lockups applicable to prior investors and team allocations are transfer restrictions only and confer no incremental governance or economic rights.
CRED represents community ownership of Credible and governs Credible Finance S.P.(Foundation) through MetaDAO decision markets. Tokenholders' presently operative rights include oversight of treasury actions and spending (the operating company draws a capped allowance of USD 250,000 per month from raise proceeds; treasury actions such as buybacks or changes to spending limits are subject to governance following the three-month restriction period), and approval rights over structural actions including termination of the segregated portfolio (which requires a CRED-holder vote with 90 days' advance public notice, with residual assets applied as tokenholders determine). No fee-routing, rewards, or buyback programs are presently operative.
CRED is mintable; we plan to top up the team performance package via future governance proposals, similar to an option pool. Governance mechanics may evolve with the MetaDAO platform. No other changes to the governance/control model are currently anticipated.
The segregated portfolio cannot be wound down unilaterally by the founders or operator. Termination requires SegCoDAO (CRED-holder) approval with at least 90 days' advance public notice, with residual assets applied as CRED holders determine. Upon defined adverse events, the Emergency Supervisor holds specified authority under the SPC's Articles.
Do the following for the Primary Foundation, defined below. If the primary foundation does not exist, state that explicitly. Items (a)–(f) apply only if that entity exists; state explicitly that the entity doesn't exist. Definitions: The primary Foundation and DevCo can be explained as those entities which were directly/indirectly involved in the issuance of the native token at launch. If the original foundation/DevCo has been dissolved and in its place a "new foundation/DevCo" was created, then detail the "new foundation/DevCo".
Response
The foundation-equivalent role is performed by Credible Finance S.P., a segregated portfolio of Futarchy Governance SPC, an exempted segregated portfolio company incorporated in the Cayman Islands. A segregated portfolio is not a separate legal person; the SPC acts for and on account of the segregated portfolio.
Credible Finance S.P. owns all Project IP (codebase, trademarks/brand) pursuant to an irrevocable assignment from the founder(s). It has no subsidiaries. Futarchy Governance SPC, acting for the segregated portfolio, additionally holds a first-priority security interest over 100% of the equity of Kiwimoney Inc. together with a conversion right into 100% of that equity.
The segregated portfolio does not exercise power over the DAO; the relationship runs the other way, the CRED holders govern the segregated portfolio through MetaDAO decision markets. Day-to-day execution is carried out by the appointed Operator subject to that governance.
Yes. The structure holds (i) a pledge over 100% of Kiwimoney Inc.'s issued equity with strict negative covenants (no transfers, no new issuances, no distributions), (ii) a conversion right into 100% of Kiwimoney Inc.'s equity, and (iii) automatic equity forfeiture and token clawback remedies against the founders for defined intentional misconduct.
Enforcement and conversion actions are subject to SegCoDAO Approval; an Emergency Supervisor may confirm and effect forfeiture/clawback upon defined adverse events.
Fundraise proceeds are held within the structure; the operating company draws a capped monthly allowance of USD 250,000 for operations. No mechanism currently exists directing protocol resources, fees, or token distributions to equityholders or contributors of this entity; the SPC's Articles prohibit distributions of profit to shareholders or directors.
Do the following for the Primary Developer Company, defined below. If the primary Developer Company does not exist, state that explicitly. Items (a)–(f) apply only if that entity exists; state explicitly that the entity doesn't exist. Definitions: The primary Foundation and DevCo can be explained as those entities which were directly/indirectly involved in the issuance of the native token at launch. If the original foundation/DevCo has been dissolved and in its place a "new foundation/DevCo" was created, then detail the "new foundation/DevCo".
Response
Kiwimoney Inc., a corporation incorporated in the state of Delaware, United States, operating the Credible Finance (registered as a Money Services Business with FinCEN).
Project IP has been assigned to Credible Finance S.P. (see Section 4). Kiwimoney Inc. operates the Credible Finance payment orchestration product.
None. Kiwimoney Inc. has no authority over DAO governance, the treasury, or token administration.
The founder (Shrikant Bhalerao) serves as the appointed Operator of Credible Finance S.P., providing services on an at-will basis subject to CRED-holder governance and the Emergency Supervisor framework. Kiwimoney Inc. itself holds no governance rights over the segregated portfolio.
No contract/admin powers.
Kiwimoney Inc. funds operations from (i) its business revenue (approximately USD 3.5M annual run rate) and (ii) the capped USD 250,000 monthly allowance from fundraise proceeds. The founders' token allocations are subject to price-based performance unlocks (minimum 18 months, tranches at 2x–32x of ICO price) and to clawback for defined misconduct. No dividends, buybacks, or distributions to holders exist or are permitted under the current structure.
Definition (for this section): An Affiliated Protocol Contributor (APC) is a non-issuer company - not the protocol's primary Foundation or DevCo - that materially contributes to the protocol's code, operations, governance, or funding. For example, Blockworks Advisory would be considered an APC of Ethena because it materially contributes to its operations through Ethena's risk council. Provide a structured description per APC. If no APCs exist, state that explicitly. Items below apply per APC; if an item isn't applicable to a given APC, leave it absent and note why briefly.
Response
No Affiliated Protocol Contributors exist yet.
Not Applicable
Not Applicable
Not Applicable
Response
Ticker | Date | Allocation Category Name | Recipient Type | Allocation % | Allocation Tokens | TGE Unlock % | TGE Unlock Tokens | Cliff Months | Cliff Unlock % | Linear Vesting Months | Cadence Months | Circulating Treatment | Notes on what each category is used for | If applicable: Contract / Wallet address |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRED | 17-07-2026 | ICO | Public / Sale | 0.44124031 | 10000000 | 1 | 10000000 | 0 | 0 | 0 | 1 | Yes | holding | holding |
CRED | 17-07-2026 | Liquidity Provisioning | Liquidity | 0.12795969 | 2900000 | 1 | 2900000 |
If there are not post-TGE token compensation plans, state explicitly they do not exist. If there are, state each of (A)–(B) below.
Response
No post TGE compensation plan exists for the new employees.
Not Applicable
Disclose current token-based compensation for external advisors and service providers (e.g., legal, marketing, technical, growth) funded from the on-chain treasury. Do not disclose individual payments to advisors receiving fiat-only compensation.
Response
There is a 1.58% of the total Tokens i.e., 358,082 CRED tokens have been allocated for the advisors including the marketing, growth and legal advisory services. All these tokens are locked under the Prior Investors terms.
358082
Credible Finance S.P.
The services provided by the advisors for growth, marketing and legal have been assigned tokens for their services in their relevant fields in due process of onboarding new clients and legal structuring.
Disclose ongoing KOL/influencer relationships that partially or fully received tokens for payment. Do not need to disclose KOL/influencers that do not receive tokens for payment.
Response
None
Not applicable
Not applicable
For each wallet that holds Unissued Tokens or is essential to operations (e.g., foundation, operations, treasury, investor reserve), disclose:
Response
Title | Primary Function | Chain | Address | Control Mechanism | Explorer Link |
|---|---|---|---|---|---|
Prior Investors | Allocation for the existing investors with token lockup | Solana |
Projects must disclose all material terms of market-making arrangements that affect token liquidity. If the project has no agreements or deals with market makers, state that explicitly; doing so earns full credit. For each market maker, include in a table:
Response
Market Maker Name | Token Allocation Committed | Term Duration | Structure Name |
|---|---|---|---|
No Market Maker agreements entered |
Projects must disclose all material terms of centralized or decentralized exchange listings that affect token liquidity. For each listing, include in a table:
Response
Exchange Name | Token Allocation Committed | Term Duration | Native Token Listing Fees |
|---|---|---|---|
Meteora Pool | 899999.999868 | None | 0 |
Futarchy AMM Pool | 2000000 | None |
If a category does not exist or is not applicable, make that clear in plain language (no specific wording required).
Response
Not applicable
Protocol-owned liquidity has been deployed on Meteora and the Futarchy AMM pools as part of the standard program for MetaDAO launches, totaling 2.9M CRED tokens. The Futarchy AMM pool holds 2M CRED tokens paired with 800,000 USDC, and the Meteora pool holds 0.9M CRED tokens as single-sided liquidity. All protocol-owned liquidity is controlled by the DAO through a multisig wallet. Any withdrawal or redeployment of this liquidity requires DAO governance approval.
Not Applicable
Not Applicable
Disclose all prior token sales by the Project — including fundraising rounds, any material OTC sales to investors, and any discounted market-maker sales. For each sale, provide:
Response
Series Name | Investment Vehicle | Date Of Sale | Number of tokens sold | Vesting Schedule |
|---|---|---|---|---|
Prior Investors and Advisors | STAMP | July 2024 | 5230709 | Vesting Schedule: 12-month cliff, 33% unlock at cliff date, remaining 67% vested monthly over 24 months thereafter |
Provide a narrative description of the Project's material funding sources, economic flows, and operational provisioning, broken out by entity: Foundation, Lab/DevCo, and DAO. If an entity does not exist, state that explicitly. If an entity exists but does not pursue revenue-generating activity, state how it funds or provisions its operations.
Response
Foundation (Credible Finance S.P.) exists. Developer Company (Kiwimoney Inc.) exists. DAO exists (governed through MetaDAO).
Material sources of funding or economic inflows:
Foundation (Credible Finance S.P.): Primary sources are (i) ICO fundraise proceeds (approximately $4M raised, held in reserve and liquidity pool),
Developer Company (Kiwimoney Inc.): Primary sources are (i) retained business revenue of approximately $250,000 monthly from payments services, and (ii) monthly DAO allocation of $250,000 from the Foundation.
DAO: The DAO does not generate direct inflows. It holds discretion over unallocated fundraise reserves and governs the allocation of resources to the Foundation and DevCo.
The combined $500,000 monthly allocation (business revenue plus DAO allocation) is deployed toward (i) core development and engineering, (ii) operations and infrastructure costs, (iii) security audits and compliance, (iv) team compensation, (v) licensing, fee and commission for payment gateways, banks, payment service providers and (vi) ecosystem support and partnerships. ICO fundraise reserves are held for long-term operational sustainability and strategic initiatives as approved by DAO governance.
If any, list prior exploits or incidents that directly affected the token, token supply, tokenholder balances, token contract, minting controls, burn mechanics, or custody of token supply. This question is not asking about general protocol, application, or smart contract exploits unless the incident directly affected the native token itself. If no prior incidents, state this explicitly (e.g., "No exploits affecting tokenholders or protocol funds as of YYYY-MM-DD").
Response
No exploits affecting tokenholders or protocol funds as of 2026-07-22
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Provide a single income statement, expense summary, or comparable operating statement for the primary Foundation or Developer Company. A consolidated or entity-level presentation is acceptable. Balance Sheet and Statement of Cash Flows may be included but are not required. This item is intended to provide transparency into offchain operating resources and expenditures only.
Response
This Token Transparency Filing is provided for general informational purposes only. Blockworks reviews completeness only and does not verify or warrant the accuracy of individual answers. Credible Finance is solely responsible for the content, accuracy, and legality of its disclosures.
0 |
0 |
0 |
1 |
Yes |
holding |
holding |
CRED | 17-07-2026 | Prior Investors | Private / VC | 0.2308 | 5230709 | 0 | 0 | 12 | 0.3333 | 24 | 1 | No | Prior Investors | DVA4Q78r3N35gHFeKyMWEMP9jtv4f5joteDz3kMZTYjL |
CRED | 17-07-2026 | Performance Package | Insiders | 0.2 | 4532678 | 0 | 0 | 18 | 1 | 0 | 1 | No | Founding Team | 5WPaWCwyWEt74dFMNMqeah2AZRpLPP1KTrQwm2eAanqr |
DVA4Q78r3N35gHFeKyMWEMP9jtv4f5joteDz3kMZTYjL
Multistig - DAO Controlled |
Team Performance Package | To be unlocked on meeting the price based milestones with minimum of 18months lockup | Solana | 5WPaWCwyWEt74dFMNMqeah2AZRpLPP1KTrQwm2eAanqr | Multistig - DAO Controlled |
Foundation Treasury | The ICO raise proceeds after the liquidity allocation is locked here and is accessible by the Dev Co., through monthly allocation | Solana | ATESfxbwt3SRhSHc4nbk8BG6P8Nm8TAjsHfQCbgC2er4 | Multistig - DAO Controlled |
0
The treasury activity can be accessed on: https://solscan.io/account/ATESfxbwt3SRhSHc4nbk8BG6P8Nm8TAjsHfQCbgC2er4.
Onchain Proposals and their activity can be accessed on https://www.metadao.fi/projects/credible
