Cred LBA to Footballcoin XFC Exchange

Crypto Pair Details: LBA to XFC

Cred LBA

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.

Footballcoin XFC

XFC Coin is a digital currency built using technology similar to that of Bitcoin, with the same monetary properties. XFC Coin is the registered crypto currency of FootballCoin, used for in-game transactions and for trading against other currencies. The first Football Manager game with collectible cards. You own what you collect. Create your own football team based on official stats and win. FootballCoin is developed on top of Bitcoin’s blockchain technology and features it’s own cryptocurrency – XFCCOIN. FootballCoin allows you to act like a real manager, predicting player form, match outcomes, ability development and rewarding managers for their results. Building your fantasy team will have you choose from the available list of professional players. Based on the performance of the selected players, your team will accumulate or lose points. Positive events (such as scoring goals, contributing assists, keeping a clean sheet) will add points to your team. Negative events (such as receiving yellow/red cards, conceding goals, missing penalties) will see the players lose points. Moreover, players’ positions are of relevance as they have a direct impact on how they score in the game. Build a team with efficient players, who will score high and make you win!

SOURCE: COINGECKO

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