A decentralized lending ecosystem that facilitates open access to credit anywhere and anytime based on the Ethereum blockchain.
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:
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.
Challenges of Traditional Credit Services:
Challenges of the Crypto Market:
Libra Credit is launched with the mission to provide “Credit for the Real World”. Devoted to the provision of credit anywhere and anytime, Libra Foundation will build a secure, convenient and globally inclusive financial services ecosystem. In light of the opportunities presented in distinctive markets, a network solution will be key in unlocking the value of existing geographic and functional solutions. Our team of financial services veterans and blockchain technologists has a proven track record in building payments, retail lending and risk management solutions.
The Libra Credit Platform focuses on a dual-credit risk scoring mechanism that takes into account both the creditworthiness of the pledged collateral, as well as the individual credit information of the borrower. Borrowers may pledge any crypto-assets as collateral and receive loans in their desired asset. Through smart contracts and our own proprietary collateral valuation and liquidation system, Libra Credit will lock in agreed terms between borrowers, lenders, custodians, guarantors and liquidators.
Extensive Partnership Networks:
Proprietary AI-Based Credit Assessment Framework:
Flexibility For Participants:
After monday, may 14, 2018, libra will be able to distribute the libra tokens and return excess ether for each whitelisted ethereum address, within 5 days.
|Round||Token Price||Bonus||Min / Max Purchase||Soft Cap||Hard Cap|
Public sale —
01 May 00:00 UTC
14 May 00:00 UTC
|0.1 USD||No||Min 0.5 ETH||Uncapped||26,400,000 USD|
Private sale —
Libra Credit Idea Generation
LBA Token Sale & Token Activation
Libra Credit Platform (Desktop version) Launched for crypto-to-crypto/fiat lending
Libra Credit mobile App Launched
Other digital asset-to-crypto/fiat lending enabled with extended partnership networks
Digital/financial/physical asset-to crypto/fiat lending enabled with global partnership networks