I had got a new job and to make things smooth I needed a respectable mode of travel. It was always nauseous to see my wealthy friends flashing expensive smartphones and sedans. I detested the big economic divide but hated my moderate living. When I was ready to procure a heavy loan from my friend, the brand itself came to the rescue with a laudable EMI scheme and sober interest rates to entice my falling spirits again. I jumped in on the offer and within two years I officially became the owner of my blue birdie.
Copy paste this scenario in the crypto world, Bitcoin has already crossed the $ 17000 mark and an average person cannot dream to own even a share of it. The situation remains critically the same whether each new opportunity or asset will remain parry to a few or not. The 1% that holds the treasures unabashedly carries to explore cryptocurrencies and its investment. Thus, a system that was envisioned as a base for decentralization is pooling in a few ponds only. The only way out is the system of lending, a platform where newcomers and experienced investors can meet and invest with even a small monthly budget- an innovative financial platform- Cryptoloans.
Cryptoloans platform is the first online trading platform, which provides its users with the opportunity to buy and sell cryptocurrency on credit, exchange cryptocurrencies among themselves, buy and sell their credits for purchasing a cryptocurrency.
It offers a whole lot of never been introduced features that make it more comprehensive in structure and varied in scope.
The platform combines three essential elements P2P lending, marginal trading and cryptocurrency market.
P2P lending: it will act as an intermediary between the lender and the borrower. The withdrawal of cryptocurrencies will be frozen until the time of final payment of loan(this will act as a safety and the need for a guarantor is eliminated) while the lender enjoys instant loan payments in his fiat wallet and can withdraw funds as per his convenience.
A simple registration with complete anonymity for all customers is ensured.
The borrower will be allowed to sell the coins bought on loan and make money on the growth.
One can be a borrower and lender at the same time.
Marginal trading: It offers its clients the tool for independent analysis of the current market situation. It does away with centralized exchanges and focuses on transparency. Here the leverage is provided not by a broker but by a specific investor-creditor. One can analyze the history of quotes and wait to invest without losing funds.
Cryptocurrency markets: It will allow people with the low-income group to buy cryptocurrency and trade in it to enjoy the income out of daily volatility. Thus, democratizing the market.
Funds could be stored easily on a cold wallet, variety in tradeable cryptocurrency pairs, Multisignature confirmation, or even Hedging risk or earning with minimal risks.
Thus it will bring together several parties including lenders, borrowers, traders, miners and beginners all on a single platform unfolding a multitude of possibilities. They aim to charge a negligible commission of 1% for crypto loans and 0.1% for transactions in cryptocurrencies. Out of this commission, 10% will be reserved in a fund to meet unforeseen contingencies.
WHY CHOSE CRYPTOLOANS?
- Unlimited number of loans
- Guarantee of obtaining a loan on the terms of creditor
- Unlimited application of loans available on different terms
- Sale of cryptocurrency at a price higher than the market
- No need to verify borrower's solvency
- Minimum starting capital
- Minimum transaction fees
- Automatic trading of cryptocurrency
- Full transparency of trades
- The Loancoin offers 25% discount on platform's services
LoanCoin and ICO details:
It will be platform's internal digital token that will be used for paying platform's services. They do not possess any ownership rights nor do they grant the right to any future dividends or interests. It will follow a simple rule- more transactions in loan coin, more value each coin holds and thereby lesser coins required to transact businesses.
The exchange rate is fixed at 1ETH=300 LCN. The total number of tokens will be 10,000,000 LCN. The soft cap is fixed at 100 ETH while the hard cap is fixed at 1800 ETH. It will be ERC20 based. Buyers will receive a bonus of 100% and 50% of the number of tokens purchased. The token sale is in progress.
Concluding Verdict:
The platform with its unique features has a lot to offer to all. The low transaction fees and secure, transparent mode of operations will help newbies flourish in the crypto world. People with a simplistic approach and limited budget can also invest easily. For investors, tokens are not a guaranteed source of income as the appreciation will depend highly on the popularity of the token within the platform. Being a utility token it only offers bonuses to the investors during the crowdsale. Also, the users can be benefited with the 25% discount so offered. The prospects are high, feasibility will depend on the usability of the platform.
For more details visit:
Website: https://www.cryptoloans.top/en
Whitepaper: https://www.cryptoloans.top/docs/Cryptoloans_White_Paper_English_Version.pdf
Blog By: Lanirm Knayam
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1308391