Project Info

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CoinLoan

Founded: 25-11-2016, Estonia

Description

About CoinLoan
At one point or another, every crypto investor needs to get their hands on fiat money. Crypto asset transactions can be really difficult. Depending on amount and timeframe, it can be a very painful experience. Not to mention the often exorbitant fees and market volatility.
CoinLoan is a truly groundbreaking project. Our platform uses a unique algorithm to offer maximum choice and flexibility for our clients - who are able to act as both a lender and borrower.
Lenders deposit their fiat money using international/local bank transfers or bank cards and request loans on their own terms (repayment, interest rates etc). Lenders either manage the loans themselves, or they can let our algorithm manage the loan completely on autopilot - thereby avoiding the manual creation and continuous monitoring of loan requests. If the borrower fails to return the funds, the system will automatically liquidate (sell) the pledged crypto asset and return the funds to the lender (including the interest rate), thereby ensuring the absence of risk and a full repayment of funds.
Borrowers can deposit cryptocurrency, and create a loan application for a maximum of 70% of current market value — to preserve the borrower's crypto assets and reduce the risks caused by the high volatility of the cryptocurrency market. Borrowed fiat money can be withdrawn quickly and conveniently, receiving their crypto assets back in full once loan conditions are repaid.
Advantages
For Lenders:
Automatically manage funds and obtain a stable income
Increase capital with minimal risk
A wide range of options for setting loan conditions
Guaranteed safety and repayment of funds
No upper limit on the number of loan applications
Access to borrowers from around the globe
For Borrowers:
Crypto assets are stored safely - no need to sell cryptocurrency
Micro-loans are possible (starting from as little as $10)
Repay the loan at any time by liquidating (selling) part of the collateral at market price to repay the loan
Convenient and fast payment methods (bank card, SEPA, local bank transfer, etc.)
Flexible loan terms and conditions
Immediate loan approval
Refinancing of liabilities
No credit or background checks
Loans can be issued in many different currencies.
For ICO Investors:
Invest in a unique and promising project
Profitably sell tokens at crypto exchanges
Token holders receive better credit conditions


Features

  • 1. CoinLoan project launched in Europe and is already licensed. This allows working legally and providing services all over the world, excluding those countries where a local license is needed.
  • 2. Any individual or legal entity can act as a lender and provide loans or as a borrower and receive loans. No licenses are required for this.
  • 3. The minimal amount of the loan on the platform is $50 (also expressed in other currencies). This allows providing microloans. The maximum amount is not limited.
  • 4. All applications for providing and borrowing loans will be processed automatically and immediately.
  • 5. CLT(tokens) will be used for paying the fees on the platform for receiving and borrowing loans.They form an integral part of the system which provides the high demand for them at the market.
  • 6. The borrowers will be able to evaluate the risks related to the cryptoasset volatility and set the LTV (Loan-to-value ratio) at their sole discretion (from 10 to 70%).
  • 7. Loans can be provided or borrowed in many fiat currencies (USD, EUR, GBP, CNY, JPY, RUB, CHF). This list will be extended as the platform is developed.
  • 8. Various cryptocurrencies (Bitcoin, Ethereum, Litecoin, Ripple, Dash, Monero, ZCash) can be used as a collateral. This list will also be extended.
  • 9. We will focus on convenient and fast methods of depositing/withdrawing fiat funds on the platform with a minimal fee.
  • 10. We don't prohibit placing our tokens at the exchange, in fact, when ICO ends we'll try list the tokens on the largest crypto exchanges.
  • 11. Also, we'll try to provide the most profitable fees and lending conditions on the market.

ICO Details

Completed
ICO Start: 26-11-2017 ICO End: 14-02-2018
Stage: ICO
Token Name: CLT
1 CLT = 2.0 USD
Min. ICO Size: 3,000,000 USD
Max. ICO Size: 56,000,000 USD
Currency Accepts: BTCETHLTHUSDOther