October 2018 Monthly Report

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Cred's Monthly Report

Welcome to the Cred Monthly Report for the month of October.

Cred announced a new strategic partnership with Uphold to give cryptocurrency owners access to better yields and flexible credit through Borrow and Earn, powered by Cred.

Uphold will offer eligible customers a U.S. Dollar stablecoin (Universal Dollar), a fully-transparent, a digital asset that is backed 1-to-1 with U.S. dollars to be held at U.S. domiciled, FDIC-insured banks. Those customers who purchase the Universal Dollar can opt-in to Earn and can receive attractive and competitive rates on their collateral pledges, currently as high as five percent.

United States residents are now able to purchase LBA through Uphold with zero commissions. LBA is already available for purchase in 180+ countries.

Product and Tech Development Monthly Report

1) Tech

Ÿ Cred(LBA)/C-LOC platform improvement focus: Back-end microservices of Cred (LBA).

2) Product

  • APP users receive a 50% of the commission fee by using LBA when withdrawing assets.
  • Added collateral insufficient prompt.
  • Added swap entry on the APP loan success page and repayment page.
  • APP adaptation and optimization to support more phone models.

Disclaimer: CredEarn is the trade name for a service offered to non-US persons by Cred LLC, which is an entity distinct and separate from Cred (US) LLC. CredEarn allows you to extend a loan to Cred LLC. The purpose of the loan is to allow you to earn an enhanced yield on your crypto assets, such as Bitcoin. Cred LLC is not a bank and CredEarn services are not insured by the FDIC. CredBorrow and C-LOC™ are trade names for lending products of Cred (US) LLC, a licensed lender and a wholly-owned subsidiary of Cred LLC. Loans, loan amounts, terms, and rates are not available in every jurisdiction, or for every collateral type. The availability of rates, crypto types, loan amounts, and other terms are subject to change. Loan applicants are subject to AML and KYC screening. Terms, conditions, and restrictions apply. Loans made or arranged pursuant to California Finance Lenders Law License 60DBO-58789.