Libra Credit Ico Review

Libra Credit Ico Review – Local Demand, Global Supply

About Libra Credit

Libra Credit Access to credit should be hassle free, real-time and simple. However, traditional financing is channel, product and geographic specific with onerous processes and outdated systems resulting in long cycle times and increased cost of capital. Heavy reliance on traditional lenders (e.g. banks, country centric P2P platforms) does not address future customer needs (i.e. getting credit when and where they need it and leveraging emerging crypto asset classes as collaterals).

Libra Credit is a global initiative by Libra Foundation with a mission “Credit for the Real World”. The team has a track record in digital credit services across Asia. Powered by its proprietary big data, AI-based credit assessment technology and existing global partnership networks, Libra Credit has the expertise and capabilities to realize its mission.

Libra Credit Key Information

Token NameLibra Credit
ICO start25th Sep 2017
ICO end10th Oct 2017
Distributed in ICO4%
Average price0.35 USD
Token SymbolBOT
Token TypeERC20
Tokens for sale40,000,000
WhitepaperClick Here For View Whitepaper
WebsiteClick Here For Visit ICO Homepage

The Game Change Team Behind Libra Credit

Libra Credit Ico Review - Local Demand, Global Supply

Partnership Networks

Global lending is expected to grow at 14% over the next five years driven by a rise in digital ecosystems and technology disruption which makes lending to more than two billion under-banked population a closer reality. Given these significant tailwinds, a global and open digital platform is needed to shape the future of lending, making it accessible to anyone, anywhere. Libra Credit is a decentralized lending ecosystem that facilitates open access to credit anywhere and anytime based on the Ethereum blockchain to be developed by Libra Foundation.

Libra Credit will be launched in July 2018 with crypto-to-crypto and crypto-to-fiat lending underpinned by its industry-leading credit management capability and four distinctive partnership networks forming a world-class lending ecosystem that encompasses:  In-house Proprietary AI-based Credit Model; Customer Acquisition & E-Wallet Partnership Network to drive adoption; Lenders & Stablecoin Partnership Network to drive liquidity; Extensive Exchange Partnership Network to minimize default; Identity Verification Partnership Network to expedite KYC & verification process.

High returns, low rates

Libra Credit combine the best of traditional financial services with the best of blockchain and meet you in the middle. You don’t have to sell your crypto to get liquid. They turn your digital assets into something tangible, you know, like USD, Euros and other fiat currencies you can spend right away. Pledge your digital assets to Cred and we’ll offer you some of the most competitive interest rates on the blockchain. Hold onto your crypto while they put it to work for you.

Security first Decentralized doesn’t mean dangerous

Cred works with trusted security and insurance providers Fire blocks to ensure that Libra Credit customers’ digital assets have enterprise-grade security. They are proud to be fully vetted and partnered with BitGo, Ledger, and Xapo, with BitGo and Ledger fully supporting the LBA token. Cred has one of the most comprehensive insurance policies available, including cyber hacking, E&O and regulatory coverage.

Transaction or Arrangement

Cred (US) LLC is a licensed lender and allows some borrowers to earn a yield on cryptocurrency pledged as collateral.  Cred (US) LLC also rents cryptocurrency from users and pays rental fees calculated as an interest rate yield. The yield feature, whether as part of a pledge or a rental agreement, is sometimes referred to as “CredEarn.”  Outside the United States, Cred Inc. accepts loans of cryptocurrency from non-U.S. persons and pays interest on those loans.

Cred (US) LLC sell or offer to sell investments or securities; neither entity is a bank and no transaction or arrangement provided by either entity is guaranteed or insured by the FDIC or any other governmental entity. Cred makes no representation regarding its creditworthiness or financial position. Cred can extend the term of any loan, crypto rental or pledge in its discretion.  “CredBorrow” and “crypto line of credit” (abbreviated “C-LOC”) are trade names for lending products of Cred (US) LLC. This communication may not be used to offer or sell anything in any jurisdiction if doing so is not lawful. All loans by Cred are made or arranged pursuant to California Finance Lenders Law License 60DBO-91480.

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