Cred (Token LBA) is a financial ecosystem based on blockchain and cryptocurrency, helping cryptocurrency users around the world to efficiently enjoy various financial services anytime, anywhere.

Project Vision

The team has now established an industry-leading innovative consumer loan company in China. They have joined hands with executives from Paypal and Stockpile Inc. to bring a large amount of consumer finance business to the banking industry. Coupled with its own super consulting services, the team is fully capable of gaining a foothold in the Asian cryptocurrency loan market.
The team already has a beta version of their product and is about to be released. It is expected that in July 2018, the platform will prepare customers backed by crypto assets.
Using his experience and network of relationships at Paypal, the CEO has established important partnerships with major banks in China, Japan, South Korea and Singapore. These banks will provide liquidity for the platform’s loans and allow Libra Credit to issue credit cards to lenders. These partnerships prove that CEO Lu Hua is able to leverage his influence in Paypal to bring products to market quickly.

Project Highlights

Libra Credit’s credit can quickly and securely manage borrowers’ KYC authentication process through the platform authentication partner network. A collaborative credit network generates a large amount of credit data every day, and interested parties (such as suppliers, regulators and financial institutions) can use Libra's anonymous data to perform data analysis, credit scores, user behavior monitoring and other activities. Meanwhile, Libra will be able to access our partners’ credit systems, allowing Libra to continuously improve and enhance my risk control process. Libra's network of partners can access the platform and data through open APIs, which will provide income for Libra's community members. Overall, the business model built is reasonable and rigorous, which can form a closed loop of the business ecosystem, and both investors and consultants have rich resources.

Application Scenarios

Member
Including platform usage fees, borrowers are allowed to submit loan applications.
Trade
Libra Credit handling fee. For example, a service fee will be charged for each successful transaction.
Reward
Token rewards are granted to stakeholders in the following circumstances:
Services - Developers who contribute to the development of their services;
Recommended – Successfully introduced to Libra Credit for other lenders
Management
LBA token holders are composed of the Libra community that manages the network: Platform Development Planning - Voting for specific projects/programs to facilitate platform technology development.

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