LBank Exchange Will List MyCreditChain (MCC) on March 2, 2022

INTERNET CITY, DUBAI, Feb. 28, 2022, ZEXPRWIRE, LBank Exchange, a global digital asset trading platform, will list MyCreditChain (MCC) on March 2, 2022. For all users of LBank Exchange, the MCC/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on March 2, 2022.

The market for personal and credit data is growing explosively in today’s data-driven society. And yet, there are issues that need to be addressed on how the data is collected, processed and disseminated, and how its value is shared. To tackle these issues, MyCreditChain (MCC) is here to produce Trust Data, letting individuals have the full ownership and control over their data and get reward for the consent they provide for their data, while allowing corporations to get access to comprehensive and quality potential customer data and add value to the data by joining its ecosystem. Its native token MCC will be listed on LBank Exchange at 16:00 (UTC+8) on March 2, 2022, to further expand its global reach and help it achieve its vision.

Introducing MyCreditChain

MyCreditChain is a blockchain-based platform where an individual’s Trust Data is generated and monetized. It’s user consent platform enables a data subject to exercise the full ownership and control over their personal data. With this unique feature, an individual can easily manage their own data and receive fair compensation from the data consumer.

Trust Data produced by MyCreditChain provides a multi-dimensional depiction of an individual’s trustworthiness. It can be used in not only the financial sector, but in every industry that looks for a means to have a deeper understanding of customers’ social and economic value.

In addition to bringing value to individuals, corporations can get hands on massive potential consumer data in the MyCreditChain Ecosystem. The data provided within the ecosystem is in scope and depth unseen before because individuals are willing to reveal their own preferences, the most effective and wanted marketing tool for corporations, due to the MyCreditChain’s incentive mechanism.

The data handled in the MyCreditChain ecosystem will be encrypted and stored in a distributed database, being kept secure since there is no centralized platform to be hacked, and it is automatically deleted after the data is being used.

With blockchain technology and Trust Data, MyCreditChain will unlock the limitations of the centralized system and traditional credit rating models, and build a decentralized platform where revenue can be shared fairly and transparently, as well as a data-driven market that creates a win-win situation for every participant, including individual data providers, corporation data consumers, and 3rd parties such as data scraping technologies provider, big data analyst, credit bureau, etc.

About MCC Token

MCC token is a medium of exchange and incentive for economic activities within the MyCreditChain ecosystem. The tokens received by individual participants in exchange for information can be converted into cash through the exchange and thus have their own economic value. Individual participants can update their trust information by paying tokens to use affiliate services such as loans and financial instruments. The information buyer pays MCC to the individual to request data, and the tokens are shared between the MCC ecosystem participants and the individual.

MCC has a total supply of 1 billion (i.e. 1,000,000,000) tokens, 27% of it is provided for token sale, 23% will be used for ecosystem activation, 15% is allocated to the team, 7% is allocated to advisors, 10% is reserved for the purpose of the additional system upgrade and development, another 10% will be used for marketing, and the rest 8% is allocated to founders.

MCC will be listed on LBank Exchange at 16:00 (UTC+8) on March 2, 2022, investors who are interested in MyCreditChain investment can easily buy and sell MCC on LBank Exchange by then. The listing of MCC on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.

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About LBank Exchange

LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users from now more than 210 regions around the world.

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Published On: February 28, 2022