About Cred
Libra Credit is a decentralized lending ecosystem that facilitates open access to credit anywhere and anytime based on the Ethereum blockchain. Libra Credit is a global initiative with a mission to provide financial inclusion and lower the cost of financial services. 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 aims to offer a seamless digital lending process that can be completed in 5 steps: application, verification and credit assessment, confirmation, collateral deposit, and disbursement. The Libra Credit platform will focus on a dual-credit risk scoring mechanism that considers the creditworthiness of the pledged collateral as well as the credit information of the borrower. Borrowers will be able to pledge any crypto-assets as collateral and receive loans in their desired asset. Using smart contracts and a proprietary collateral valuation and liquidation system, Libra Credit will lock in agreed terms between borrows, lenders, custodians, guarantors and liquidators. Libra Credit was founded in 2017 and operates out of San Francisco, USA. They are backed by investors such as FBG Capital, GBIC, DHVC, Dekypt Capital, Crypto Parency, and others. Lu Hua, Co-Founder & CEO has experience in the payments, financing, and risk management industries. He was previously the CEO of moKredit, one of China’s top digital credit servicing companies. Lu was also the Head of Core Payments for PayPal China and the Head of Global Banking Platform for PayPal US. Dan Schatt, Co-Founder & COO has previously worked as the Chief Commercial Officer at Stockpile Inc., a leading fintech company, and as General Manager of Financial Innovations at PayPal. Howard Wu, Chief Scientist, he is a blockchain and cryptography expert who is a Founding Partner of Dekrypt Capital, Advisor of Blockchain at Berkeley, and Software Engineer at Google. He advises the project in a technical capacity and has received a Master’s degree in Electrical Engineering and Computer Sciences from UC Berkeley. There are already quite a few blockchain lending projects, so competition is stiff. Libra Credit’s development progress is rather early compared to its competitors. The crypto-to-crypto lending part seems to be well thought out. However, not so much with the crypto-to-fiat part. According to the roadmap, crypto-to-fiat lending is scheduled to launch in 2018 Q3. With details lacking in the weekly blog update about crypto-to-fiat lending, it is difficult to gauge whether the proposed timeline is reasonable.
Get up to $200 for getting started
Sign me up
Market Stats
Market Cap
$64.53K
-15.41%
FDV
$95.60K
Circ. Supply
675M LBA
Max Supply
Not enough data
Total Supply
1B LBA
Diluted Valuation
$95.14K
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$93.80K
5.78%
Volume (7D)
$715.75K
Volume (30D)
$2.89M
All time high
$0.34
Price Change (1Y)
-73.29%
Additional info about Cred
Recent trends
The latest LBA price is $0.000087. Compared to Cred's value of $0.00 from 24 hours ago, there's been a -15% decrease, while the current price is -21% down from $0.00 which was recorded one week ago. Cred's all time high is $0.34, which was reached on May 23, 2018. This is a -100% change from its price today.
The market cap is currently $64.53K, which is a result of multiplying the current price of Cred($0.00) by the total supply(1,000,000,000 LBA). The fully diluted valuation of Cred is $95.60K. The diluted valuation of Cred is $95.60K.
Market details
LBA vs markets
↘ 78.35%
LBA vs BTC
↘ 81.8%
LBA vs ETH
↘ 59.53%
Tags
payments
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xfe5F141Bf94fE84bC28deD0AB966c16B17490657 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.000087 | ↘ 15.02% |
1 Day | $0.000113 | ↘ 15.02% |
1 Week | $0.000120 | ↘ 20.64% |
1 Month | $0.000082 | ↗ 16.35% |
1 Year | $0.000358 | ↘ 73.29% |
FAQ
Libra Credit is an open access, decentralized credit ecosystem that functions on the Ethereumblockchain. This ecosystem has been developed by the Libra Foundation with the aim to create a simple, real-time, and hassle-free solution that would facilitate credit access to people worldwide. According to the whitepaper of the asset, in order to support this ecosystem, Libra Foundation features certain constructive utilities, which include:
These utilities not only simplify and speed up the process of credit access and approval for people on the Libra platform but also resolve the challenges that exist in the credit industry. Further, to facilitate a smooth operating structure, transactions, and credit processes on the platform, Libra Credit launched its cryptocurrency, the LBA token.
The LBA is an all-purpose token of the Libra Credit ecosystem hosted on the Ethereum blockchain. According to the whitepaper of the asset, the token fulfills many utilities on the platform, which include:
Besides these utilities, the token is also for further developing, improving, promoting, and marketing of the platform. These overall utilities of the token ensure a healthy operational structure within the Libra Credit ecosystem.
The idea of Libra Credit was first developed by Lu Hua, co-founder and CEO, and Dan Shatt, co-founder and president of the platform, in the fourth quarter of 2017. The whitepaper of the asset was released in May 2018. Further, the platform launched its token in the second quarter of 2018, with the total supply of the token as 1,000,000,000 LBA.
We update our Cred to USD currency in real-time. Get the live price of Cred on Coinbase.
The current market cap of Cred is $64.53K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Cred is $0.34. This all-time high is highest price paid for Cred since it was launched.
Over the last 24 hours, the trading volume of Cred is $93.80K.
Assets that have a similar market cap to Cred include QU3 AI, Karmaverse, Frontrow, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Cred is 675 million.
Get up to $200 for getting started
Earn free crypto after making your first purchase.
Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Cred calculator
1 Cred (LBA) to Canadian Dollar (CAD)
CA$0.000119
1 Cred (LBA) to British Pound (GBP)
£0.000064
1 Cred (LBA) to Real (BRL)
R$0.000488
1 Cred (LBA) to Euro (EUR)
€0.000076
1 Cred (LBA) to Singapore Dollar (SGD)
S$0.000112
Related assets
Discover conversions
Popular cryptocurrencies
Comparable market cap
Discover more assets
Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.