Virtuse made a significant step forward in allowing crypto investors to earn interest on their cryptocurrencies.
The newly listed LBA Token gives users two main benefits:
1. Higher earning rates
LBA Token holders benefit from earning the highest interest rates available through Virtuse.
2. Lower borrowing cost
LBA Token holders benefit from receiving the lowest interest rates available from Cred when borrowing against crypto holdings.
Additionally, by using LBA, users can access the Cred Platform, vote on specific projects and proposals to facilitate platform technology development, and receive token grants for successfully bringing other users to Cred.
Who is Cred?
Cred is a decentralized global lending platform that facilitates open access to credit anywhere and anytime. Founded by former PayPal financial technology veterans, Cred has secured over $250 million of lending capital with offices in five metropolitan cities. Using a suite of decentralized lending smart contracts, Cred allows its borrowers to choose from two forms of lending denominations: stable cryptocurrency or fiat money. Its mission is to harness the power of blockchain to allow everyone to benefit from low-cost credit products.
Cash is king
One of the best strategies during the recession is to have some cash on hand. With LBA Token Virtuse investors can earn up to 10% interest on their USD and USD-based stablecoins. Thus, Virtuse makes yet another step in allowing access to the global financial system for everyone, without a need to own a bank account.
Big Prizes for Trading
To celebrate LBA debut on Virtuse Exchange, Virtuse will rank all traders of LBA during the event period and award top traders!
All traders with the trading amount of LBA/PAX greater than 10,000 LBA and with KYC completed will win a prize! The total reward pool is as high as 100,000 LBA!
Rewards will be credited into Virtuse accounts before 24:00 on May 31 (UTC).
Virtuse allows the purchase of LBA tokens with PAX Standard. This will increase Virtuse trading pairs to include PAX/LBA.
White Paper: https://static.mycred.io/CredWhitepaper.pdf