Yeah you heard it right? HuobiPro is giving out free token worth $24,000 LBA token via their weekly Youtube show, Huobi Talk. As usual, I guess you should have earned a lot of free coins/token from past Huobi Talk Episodes airdrops but if not, you are about to discover how to in this article. The next Huobi Talk Episode 35 featuring Libra Credit project will be presented by a guest speaker; Lu Hua, the Chief Executive Officer (CEO), Libra Credit. Lu will be sharing more about the project, a decentralised lending ecosystem that facilitates open access to credit anywhere and anytime. In July 2018, Libra Credit is aiming to facilitate global coin-to-coin and coin-to-fiat lending for borrowers. This comes after it completed its ICO of LBA tokens on 5 May. And it’s indeed going to be very interesting especially if you are interested in decentralized lending platforms.
An Overview of Libra Credit
What is Libra Credit
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 is building 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. Libra Credit has team of financial services veterans and Blockchain technologists has a proven track record in building payments, retail lending and risk management solutions. In the past five years, the team has achieved remarkable milestones in Asia as summarised in the screenshot below:
In July 2018, Libra Credit aims to facilitate global crypto-to-crypto and crypto-to-fiat lending for borrowers. To improve acceptance and drive adoption, initially they will act as the loan guarantor for financial institutions (i.e. banks, funds, etc.) and private investors (i.e. HNWI, crypto-community). Crypto assets will then be released directly from our Lender & Stablecoin Partnership Network to borrowers.
The project seems to have reliable and well experienced financial team members considering the fact that it was co-founded by two ex-PayPal executives, Lu Hua and Dan Schatt.
Libra Credit LBA Token
Libra Credit ecosystem uses LBA token for it transactions and the undervalued gem had enjoy a positive acceptance in the crypto world since launched just less than a month ago on four major exchanges on same day in which HuobiPro is one. In the last 24hours LBA token had over $3.5Million traded volume which is quite bullish in this current bearish trend. Interested in LBA token? You can invest or trade it Here!
Libra Credit Business Model Appraisal
As a credit lending platform, Libra credit has proven track records across Asia but beyond that let look at their business model for transforming into decentralized lending platform which could give a better insight if the project is heading for success or just another crypto junkies. Key highlights of our business model are as follows:
1) Extensive Partnership Networks: Libra Credit is collaborating with partners in both crypto and financial markets. Synergies with crypto exchanges, stablecoin providers (e.g. Maker DAO), 3rd party identity verification providers (e.g. uPort) and financial institutions (e.g. banks).
2) Proprietary Ai-Based Credit Assessment Framework: Libra Credit is a pioneer in digital credit services, leveraging a dual-credit assessment framework that considers collateral viability and borrower credit score built on in-house risk management AI technology which has been deployed and tested in China and the ASEAN market successfully.
3) Flexibility For Participants: The platform will offer Crypto-to-fiat loan allowing collateralization of cryptocurrencies to spend fiat without sacrificing their current crypto position. Crypto-to-stablecoin loans enabling borrowers to hedge price volatility without exiting and Crypto-to-crypto lending allowing borrowers to pledge other alternate tokens for more mainstream crypto currencies (i.e. BTC / ETH) with better liquidity.
Libra Credit Summarized in Video:
Note: if not playing, click to watch here.
Key Benefits of Libra Credit Decentralized Lending
Considering the fact that Libra Credit is facilitating open access to credit anywhere and anytime across the Globe which indeed will be beneficial to a lot of people and platform; which includes but not limited to Crypto Investors, Borrowers, Lenders, E-Wallet Partners, Exchange Partners, Stablecoin Partners and Verification Data Provider Partners.
For Borrowers it breaks the barrier usually imposed by financial platforms like banks to offer loan making it much easier, faster and less burdensome in accessing crypto or fiat loan globally.
For Crypto investors, LBA token will possibly worth far more than it is now as the platform delivers and expand. Therefore it will be a good gem with higher Return on Investment (ROI) for investors. Don’t forget, you can acquire LBA token on the leading exchanges like HuobiPro – Click to get started now!
Libra Credit Got Huge Institutional Funding
According to their recent official announcement, Libra Credit recently got over $16million (USD) from institutional investors which includes Libra Credit’s (LBA) private token sale include 500 Startups, DHVC, GBIC, Alphabit Fund, Dekrypt Capital, FBG Capital, DFund, BlockTower, Signum Capital, 8 Decimal Capital, Crypto Parency and Block VC.
A check on Libra Credit Roadmap shows there are exciting things to expect from this team as we enter third quarter of the year. Thye plan to launch the Desktop App that would enable coin-to-coin/fiat lending.
What is Huobi Talk?
Huobi Talk is a live broadcast held every Thursday from 12pm to 2pm (GMT+8), where Huobi features projects and the interesting stories behind the projects.
Join the live episode as the anchor share insights on the Blockchain industry and dive deep into conversations surrounding Blockchain and the endless possibilities of the future of cryptocurrency.
Who is the Sponsor of Huobi Talk Episodes?
Huobi Talk is sponsored by Huobi Pro, one of the world’s leading Bitcoin exchange.
HuobiPro is one of the top 4 exchanges in the world by huge daily trading volume. It offers trading convenience interface for users and also protects users against losses that may arise from hacks causing loss of funds with their backup fund known as HuobiPro User Protection Fund (linked to previous article). They recently introduced another exchange, HADAX with more focus on screening off shit coins/tokens and only make available viable projects coins/tokens available to traders with voting power for users to have the final say. To learn more about HuobiPro Click Here.
How to Earn Free Coins/Tokens Weekly Via Huobi Talk Airdrops?
This is another exciting aspect of the Huobi Talk which usually includes free airdrop of the coin/tokens featured for that week and some extra too. To claim your free coin/token is much easier than you might though off because all you need are outlined step by step below;
1) Register a free account on HuobiPro
2) Login and under account info locate your unique ID which starts with UI e.g UI00000000
3) Subscribe to official Huobi Youtube channel HERE (This is very important!!!)
4) Follow @Huobi_Pro on Twitter (this is not required to win the free token but it will help you to get latest info on next Huobi talk episodes and also be alerted when your free coins/tokens sent into your account)
5) Keep eye on the next episode and set your alarm.
6) Pay attention to the anchor of the program and at the last minutes of ending the show, you will be instructed to start dropping your Huobi ID in a particular format e.g UI00000000 @Love HuobiPro (just make sure you write it as instructed – check the live program description, it will help too).
7) If done correctly and swiftly, you will get the airdrop amount fixed for that week within few days after in your HuobiPro account which you can exchange to Bitcoin or others at will.
How to Watch Huobi Talk Episode 35 and Claim Your Free Crypto Airdrop?
If you have followed the above instructions correctly, then it becomes easier to watch Huobi Talk and also claim the free airdrop (Don’t forget to subscribe to their channel to stay updated on latest info):
Program: Huobi Talk
Program Host: Huobi
Featuring Project: Libra Credit (LBA)
Project Representative(s): Lu Hua, the Chief Executive Officer (CEO), Libra Credit.
Key Discussion: Lu will be sharing more about the project, a decentralised lending ecosystem that facilitates open access to credit anywhere and anytime. In July 2018, Libra Credit is aiming to facilitate global coin-to-coin and coin-to-fiat lending for borrowers.
Date: 21th June, 2018
Time/ Time Zone: 12PM (GMT+8)
Program Sponsor: HuobiPro
Social: @Huobi_Pro (twitter)
Recommended: Join HuobiPro on Youtube for weekly Huobi Talk show to get insider updates, live reports on state of the crypto market research and Massive Airdrop for free – Subscribe and Watch next episode here to claim airdrops FREE now!
Kindly do your research before you invest in any crypto project because the above is for information purpose only not as professional or legal investment/trading advise.