Libra Credit is a decentralized lending ecosystem that facilitates open access to credit anywhere and anytime based on the Ethereum blockchain.
LIBRA CREDIT which is currently trading in Huobi, was Co founded by two former PayPal employees Lu Hua (CEO)and Dan Schatt (President) in 2017.The driving Philosophy behind Libra Credit is to make credit option available to all people around the Globe. Using a suite of decentralized lending smart contracts, Libra Credit allows its borrowers to choose from two forms of lending denominations. Either in form of stable cryptocurrency or as fiat money. Libra Credit is all set to disrupt the lending industry by merging an established global lending network, a diverse team of entrepreneurial leaders, utilizing the power of blockchain technology
Libra Credit Launched its ICO on 1st May and was subscribed 100%. The offered ICO price was 0.10 USD and issued token was 1,000,000,000 LBA. It raised a total capital of 26.4 Million USD.
Creating a new benchmark in cryptoworld, Libra Credit was launched in 4 exchanges on the same day which incuded the top rated global exchange Huobi . As on writing the article LBA was trading around 0.14 USD with a 24 hr volume of 3.4 Million USD. That means it is still above the ICO price and has generated a return of 1.4x for its investors in this bearish market .
Sounds like a great investment, you can get some from Huobi
Lets take a shot walk through the business model of Libra Credit
The heart of Libra Credit Business Model is the launch of Libra Credit Platform which is all set to launch by July 2018. via this platform Libra Credit aims to facilitate global crypto-to-crypto and crypto-to-fiat lending (subject to regulatory approval) for borrowers.
We can further cutdown the model into three highlights
1️⃣ EXTENSIVE PARTNERSHIP NETWORKS
They have already collaborated with partners in both crypto and financial markets . for eg Stable coin Maker DAO and 3rd party identity verification providers uPort.
2️⃣ PROPRIETARY AI-BASED CREDIT ASSESSMENT FRAMEWORK
Libra Credit will be deploying market tested In-house risk management technology to leverage a dual-credit assessment framework to asses collateral viability and borrower credit score
3️⃣ FLEXIBILITY FOR PARTICIPANTS
Various option like Crypto-to-fiat, Crypto-to-Stable coin, Crypto-to-Crypto to be made availableAs per the business model designed
Libra Credit will be having 7 different types of stakeholders: cryptocurrency investors, borrowers, lenders, E-wallet partners, exchange partners, stable-coin partners and Verification data providers. here are some of the benefit offered for them
👌 Borrowers: Easy access to 24/7 credit services with instantaneous approval
👌 Exchange Partners : Enhanced liquidity depth on top of the existing order book, which drives additional customer acquisition
👌 Lenders : Crypto-market exposure with lower risks with low cost f loan monitoring
On may 17th Libra Credit announced that they have received over 16 Million USD in institutional investment to bring Liquidity to the Crypto Marketplace.
If you feel Libra Credit Project Sound like a great option to invest in. You can do it via Huobi.
This week, Thursday the 21th of June,12.00(GMT +8). 35th Episode of Huobi Talk will be featuring guest speaker Lu Hua, CEO and Co-founder of Libra Credit. The viewers will be getting a chance to ask him questions more about Libra Credit and he will be sharing his views about itUnlike other talk shows, there a very attractive factor that makes Huobi Talkan interesting view. It’s the AIRDROPS. Every week viewer will not only be able to gather more insight about the projects but stand chance to win Airdrops for viewing the show.
For this week show Huobi will be giving away two sets of Airdrops totally worth over $25,000 USDAlso to spread the news about the talk show Huobi will be giving away 3400 LBA to 20 lucky winners. For more details you can visit the twitter account of Huobi to participate in it.
WOW !!!. Sound interesting. Want to participate. Here is how to do it
👉 Sign up an account at Huobi to get your Huobi UID . If you have not signed up here is the 🔗 Link
👉Log into Huobi Pro Youtube Channel and tune into Huobi Talk. Effective time is every Thursday from 12:00pm (GMT +8) to the end of the live streaming
👉Post a message on the YouTube Live Chat, remember to insert your Huobi UID12345678 @ VOTE ON HADAX.
👉At the end of the live streaming, the view numbers will decide the airdrop prize to be given out.!!!!
It’s simple as that