CoinLoan is an innovative lending platform where crypto assets are used as collaterals
In our platform, any user can act as a lender or a borrower.
The lender deposits fiat funds through international/local bank transfers or bank cards and creates applications for providing loans on favorable conditions (terms, interest rates) individually. Alternatively, s/he may delegate this duty to our system which fulfills it continuously in a fully automatic mode, so the user does not have to create and continuously control applications manually. If the borrower does not repay the funds, the system will automatically liquidate (sell) the pledged crypto asset and return the funds to the lender (including the interest rate), thus warranting absence of risks and full repayment of funds.
The borrower deposits crypto asset funds then creates an application for receiving a loan in the amount that does not exceed 70% of the current market value of the collateral. This limitation has been created for preserving the crypto assets of the borrower and reducing risk related to the high volatility of the crypto asset market. After this s/he easily and quickly withdraws fiat funds, then repays and takes back his/her crypto asset in full amount.
CoinLoan Token (CLT) is an ERC-20 compatible token.
Total Soft Cap: $3M
Total Hard Cap: $56M
50 million CLT tokens will be issued over the entire period and distributed among the participants of Pre-ICO, main ICO, SCO and the team with advisors. The tokens will be distributed as follows:
10% (5 million) — Pre-ICO (Pre-Sale)
50% (22 million) — ICO (Initial Coin Offering)
30% (15 million) — SCO (Secondary Coin Offering)
10% (5 million) — Reserve of the team and advisors.
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