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Cred Review

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Average

Revainrating 3 out of 5  
Rating 
3.1
Crypto Projects, ERC20

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Description of Cred

Cred (LBA) is a cryptocurrency and operates on the Ethereum platform. Cred has a current supply of 1,000,000,000 with 990,410,204.8211558 in circulation. The last known price of Cred is 0.00118487 USD and is down -4.76 over the last 24 hours. It is currently trading on 12 active market(s) with $36,313.15 traded over the last 24 hours. More information can be found at https://www.mycred.io/.

Reviews

Global ratings 7
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Type of review

Revainrating 2 out of 5

My review to day about the project Cred

Cred is an undertaking that offers the office to offer capital for little financial backers and through the LAB token it's anything but an advance reinforcement.  As per their activity, borrowers can give cryptographic forms of money as insurance, and CRED attaches them with a credit either computerized cash or trustee from its organization of advance suppliers. The mentioned reserves are sent straightforwardly to the borrower's computerized portfolio or to his financial balance, and…

Pros
  • Accessible in different Exchange the LBA.
Cons
  • Different ventures as of now have a similar cryptographic money sponsored loaning capacity

Revainrating 3 out of 5

This project is one of the most interesting projects.

A loan is a perpetual convention that tracks the exchange history of members (buyers, sellers) and opens up benefits for people with great prestige. Popularity, a background marked with every exchange. Each exchange is assessed by two players and the status of each match is updated depending on the input of the counterpart. This platform has been fully developed and I hope it can do what it has to offer right now because it seems like a good way to make real use of cryptocurrencies. Despite…

Pros
  • Various exchanges are available in the LBA.
  • They offer various benefits to borrowers who want to get into a currency or cryptocurrency loan.
Cons
  • I didn’t find the negative side here.

Revainrating 3 out of 5

Cred: it allows to generate large profits if the investment methodology is applied.

Cred (LBA): is a project that allows to generate large profits if the methodology of long-term investment is applied, since it has the possibility of offering credits to users with maximum support, it has the development of its technology which allows the user to be in a comfortable environment and applying favorable security levels, to avoid risky operations, it is a decentralized ecosystem focused on the market and free movement, focused on loans and direct credits, with a study plan that…

Pros
  • It has a catalog of services that allows users to manually manage their operations.
  • Its currency is easy to acquire, available in several markets, with the option of direct purchase.
  • It counts with the supervision of artificial technology to quickly evaluate the operations.
Cons
  • It is a project that has a strong commercial competition, it has to improve its position in the market, increase its publicity.
  • It must update its roadmap, with new commercial goals, taking into consideration the current year.

Revainrating 4 out of 5

Cryptocurrency-backed loan system

Cred is a project that offers the facility to offer capital for small investors and through the LAB token it will offer a loan backup. According to their operation, borrowers can provide cryptocurrencies as collateral, and CRED ties them with a loan either digital currency or fiduciary from its network of loan providers. The requested funds are sent directly to the borrower's digital portfolio or to his bank account, and need to be repaid with their respective interests within the agreed…

Pros
  • Decentralized Ethereum Blockchain Loan Ecosystem.
  • They offer various benefits to borrowers looking to access a fiat currency or cryptocurrency loan.
  • Use the AI-based credit assessment framework
  • LBA tokens can be used as collateral for loans and can also have greater lending power than users who offer another digital currency as collateral.
  • Available in various Exchange the LBA.
Cons
  • Other projects already have the same cryptocurrency-backed lending function.

Revainrating 4 out of 5

This platform is in full growth, I hope that what they offered at the time…

This platform is in full growth, I hope that what they offered at the time could fulfill it since it seems a good way to make real use of cryptocurrencies. despite its current status that is still in creation would give a little confidence, although I would like its development to be faster. I would consider this moment as a proxy to get some tokens from this platform since it will have to talk, and I believe that it will be within the first 200 in some period

Pros
  • The team behind the project had at some point a relationship with paypal, these people as reported in several websites are experienced in terms of credit. Its cryptocurrency loan platform is totally innovative and the block chain network will be used to measure the reliability of the users. The purpose is to create a loan unbundled project and overcome the barriers that are placed in the current world. Your risk assessment with AI. According to its creators, they have received funding from different institutional sources, which makes many people think big with this project.
Cons
  • At this moment, it is only listed in four exchanges, which makes its liquidity low. Little publicity is difficult to know about LIBRY Credits in some way is not easy to get additional information from them. As soon as we pay, there are already many ideas and projects that are advanced. It is not necessary when your platform starts to be used

Revainrating 4 out of 5

It has one of the dynamic team with solid development. They have well…

It has one of the dynamic team with solid development. They have well connected investor base, partnerships with Uphold and UPA could help mass adoption of the platform. The team are doing an excellent job in both technical and business development. The project has been showing extraordinary progress. The loan platform is currently available in three languages and Available today in 180+ countries. I believe CRED has a good chance to succeed despite the numerous competitors in the area.

Pros
  • • The team leading the project is exceptionally strong, with senior executives from PayPal and successful entrepreneur in the credit space. I believe that previous success in related entrepreneurial realization is a strong indicator of future success. CRED is already working with bright projects like Radar Relay and MakerDAO to strengthen the platform. With the strong team in place, i believe the project should not have a hard time securing valuable partnerships going forward. The project is backed by various institutional investors who can provide the initial supply of capital and become lenders. If you thinking about buying LBA then look at key features of the platform: • A collateral grade algorithm assesses the volatility of collateral assets. • Identity-verification platforms to outsource the verification process. • Diversified sources of credit funds. • Extensive exchange partnership network. • In-house proprietary AI-based credit models.
Cons
  • •The road map is rather obscure. Without the details, it is hard to explore the level of planning the team has on the project. •There are already quite a few blockchain lending projects, so competition is strong.

Revainrating 4 out of 5

Taking into account this factor, investing in Libra Credit is evaluated…

Taking into account this factor, investing in Libra Credit is evaluated positively. In the context of the gradual development of the project, mainly long-term deposits are allocated, against the background of partnership agreements and further distribution, short-term investments can also bring profit. However, taking into account the presented aspects, it is recommended to carefully assess the associated risks when investing.

Pros
  • (+)- a strong development team, many of whom have extensive experience in financial transactions and digital technologies; (+)- partnership - agreements already exist with Radar Relay and MakerDAO, further expansion is expected; (+)- an impressive list of institutional investors focused on long-term project support and participation in lending; (+)- diversification of funding sources - users can receive loans from various companies and organizations, choosing the most convenient conditions; (+)- double check of creditworthiness due to the work of artificial intelligence; (+)- currency exchange within the framework of the platform and a flexible system of receiving money.
Cons
  • (-)- excessive generality of the Libra Credit roadmap, which does not allow to assess the technical potential of the platform development.