Cred (LBA)

Cred

Total supply	1.000.000.000
Website	https://www.mycred.io/

 Basics

• Aka Libra Credit
• Started in:
• Mainnet release:
• Based in: San Francisco and Shanghai. Registered in Singapore.
• A decentralized lending ecosystem that facilitates open access to credit anywhere and anytime based on the Ethereum blockchain.

Token

Token allocation

53% Team, 47% investors.

Utility

• From their website (8-6-2020):

"LBA is a global utility token that gives customers exclusive access our premium financial services. Get better interest rates, priority status on new platforms, community access, and more."

• From Messari (8-6-2020):

"The native LBA token of the Cred Network is used to verify users, collateralize loans, and execute payments."

Tech

• Whitepaper can be found here (5-2018).
• Code can be viewed here (8-6-2020).
• Built on: Ethereum
• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

How it works

• From Messari (8-6-2020):

"Cred manages a KYC'd lending service that partners with decentralized exchanges like Radar Relay and DDEX to provide liquidity and and handful of traditional banking institutions to service loans. Borrowers and lenders can use the Cred network to search for competitive rates and loans unavailable to them through traditional financial services."

Their Other Projects

• From their website (8-6-2020):

"Cred is a founder of the Universal Protocol Alliance (the UP Alliance), a coalition of the world’s leading blockchain companies solving some of crypto’s hardest challenges."

Governance

From Messari (8-6-2020): Direct On-Chain Vote. No decentralized treasury.

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].

Usage

• Has secured over $300 million in lending capital.

Projects that use or built on it

• According to this article (10-12-2018):

Uphold, Acre and Heleum

Team, Funding, Partnerships, etc.

Team

• Full team can be found here (8-6-2020).
• "Founded by former PayPal veterans"
• Dan Schatt, Co-Founder of Cred

Funding

• From this article (29-5-2019): Binance Labs, 500 Startups, Arrington XRP Capital, Blocktower and FBG Capital

Partners 

• From this article (29-5-2019)

"[Binance] announced an agreement to work together to spur the decentralization of finance. As part of the agreement, Cred will migrate a portion of its ERC20 LBA tokens to Binance Chain and will become the official lending and borrowing platform for the DeFi ecosystem."