This week’s episode on Huobi Talks is going to be more appealing than ever ! because this Thursday we have “Libra Credit” ! ; A decentralized lending ecosystem that facilitates open access to credit anywhere and anytime based on the Ethereum blockchain.. And So Huobi thought of getting the information directly from the source: CEO, Lu Hua, will join this week on Huobi Talks to talk about the inspiration behind “Local demand, Global supply” a.k.a “Libra Credit”. Besides, he will give us insights about their future projects, plans and partnerships.
So what is Credit Libra anyway?
In a broad sense, Libra Credit is a global initiative with a mission to provide financial inclusion and lower the cost of financial services. 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.
How is it doing so far ?
Libra Credit (LBA)
For the records, Libra Credit token sale ended on May 5. The project raised $26 400 000 during the token sale.
Libra Credit(LBA) then got listed on OKEx, Huobi, Bibox and Gate IO.
How does it work?
Being co-founded by two ex-PayPal executives, Lu Hua and Dan Schatt, the project’s launching will take place in July 2018 supporting both crypto-to-crypto and crypto-to-fiat lending underpinned by its industry-leading credit management capability and 4 distinctive partnership networks forming a world-class lending ecosystem, encompassing:
In-house Proprietary AI-based Credit Model(s);
Customer Acquisition & E-Wallet Partnership to drive adoption;
Lenders & Stablecoin Partnership to drive liquidity;
Extensive Exchange Partnership Network to minimize default;
Identity Verification Partnership Network to expedite KYC & verification process.
In other words, The key points given by Libra Credit’s business model are to create an extensive network to completely cover the value chain, created anAI-based d dual credit that features some kind of collateral assessment, and lastly to create a multiple sources of funding. The ICO Libra Credit was created to be made extremely easy for clients to use and to get started. Once you decide you want to go through with the process, there is a simple application that can be completed online, even from your mobile phone in five quick easy steps. The Application, The Verification & Credit Assessment, Notification & Confirmation, Collateral Deposit, and the final step being the Disbursement.
What is it good for?
Hum, from a stakeholder’s perspective, it is good fo sooo many things:
In fact, Libra Credits has 7 different types of stakeholders: cryptocurrency investors, borrowers, lenders, E-wallet partners, exchange partners, stable-coin partners and Verification data providers.
On the benefits derived from owning Libra Credit we can list:
cryptocurrency investors: Investors can use Libra Credit as an alternative channel for crypto-financial asset conversion. They will have global access to all asset classes and they can initiate margin lending with reinvestments.
borrowers: Borrowers will have easy access to the platform’s lending services, they can send in their application 24/7 and have instant access if the application is granted.
exchange partners: Increasing their trading volume and trading fee income and enhancing liquidity depth on the existing orderbook which will drive new customers to the exchange.
Hell yes! Libra Credit has reportedly announced that it has received an investment of over 16,000,000 USD from institutional investors. Some sources claim that this generous ‘donation’ is made by several industries leading venture capitalist firms such as FBG Capital, Alphabit Fund, Block VC, DFund and Signum capital. The investment is meant for building their global decentralized lending network aforementioned and bring liquidity to the platform.
Enough with a talk, let’s save some for the Huobi talks !
Since Libra Credit is currently listed on Huobi Pro, Again this week’s Huobi Talk will be hosting Lu Hua, CEO of Libra Credit, Set the date y’all, 21 June 2018, 12pm (GMT+8), all you need to do is to subscribe to Huobi talk on Youtube and enjoy the show! Here’s the Link to Huobi Talk LIVE stream.
Nope! We have More!
Viewers of this week’s Huobi Talks can actually earn a tempting airdrop of LBA tokens, with a total value of 24,000 USD.
How to participate in the Airdrop?
Easy! Sign up for an account at Huobi.pro. If you already have one, you can skip this step.
The airdrop consists of two parts, for both parts you’ll need your Huobi User ID (UID):
– Fill in the google form on Huobi Pro’s YouTube channel. Share the notification about episode 35 of Huobi Talk on YouTube with your friends and family.
Share it on Twitter, Facebook and Reddit. Each share will earn you +1 extra entry in the total prize pool of 75,000 LBA Tokens.
– During the episode the host will ask five different questions. The first 100 people to respond (per question) with the correct answer in the Youtube chat box will share a bounty of 20,000 LBA Tokens for each question. A total of 100,000 LBA will be airdropped in this section of the giveaway. The correct format in answering the question and participating in the airdrop is: Huobi UID 12345678 @ correct answer
Make sure to subscribe to Huobi Pro talk on YouTube and click the notification button to get notified when a new video is online.
Good luck !