A decentralized lending ecosystem that facilitates open access to credit anywhere and anytime based on the Ethereum blockchain.
The Libra Lending Platform is a front end user interface allowing token holders to access the network through their mobile application.
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Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
They have PayPal shine (Ian reviews the team) head of core payment at PayPal, soft engineer in Google – interesting, okay hold up they got the CEO of Yahoo as an advisor, former CEO of Yahoo – is this legit?
All right, I mean this could be legit, I’ll look into that sometime, okay it’s definitely got my attention.
9 Apr: We participated in Libra Credit pre-sale. We liked the team (mostly consists of former Pay Pal employees) and that some serious funds have supported them.
24-Apr. Sergey: We participated in pre-sale. In the current market conditions project looks very interesting. Libra will probably obtain High interest.
27-Apr. Alexey: I participated in pre-sale and I am planning to participate in crowd sale. Team members have been working in PayPal and the project is backed by funds. Bonuses were 5 or 10%.
3-May. Sergey: Another interesting idea, where I am planning to participate. It is high interest. I have participated in a lot of lending projects and most of them have made good ROI. Libra is looking as the best project in this sphere. I have participated in crowd and pre-sale. I really like the project. Tokens will be available soon after the end of crowdsale. If market don`t dip, it might be interesting.
It is safe to call this an all-star team. There is definitely big interest from VC funds in the project because the core team members have proven records of establishing successful businesses. A negative factor is that projects in this sector usually don’t exhibit substantial growth. The team promises to present its prototype before the ICO somewhere in April. If this happens, it will improve the score.
Overall, we are neutral about the flipping potential of the ICO but like its long-term potential. Our thoughts on buying the tokens for flipping and investing for the long term are as follows:
For flipping: Neutral. $12 million will be available in the public sale, which is on the high side for a crowdsale. With average market awareness, we don’t think there will be a lot of unmet demand following token distribution.
For long-term holding:Good. The team is some of the strongest that we’ve seen, with demonstrated success in the lending and credit space. Crypto lending projects are also easier to gain adoption because users are already familiar with the use of cryptocurrencies.
Therefore, we believe Libra Credit has a good chance to succeed despite the numerous competitors in the area.
