Top-5 Most Common Questions From Users CoinLoan

Every day the CoinLoan team receives a lot of requests from our users. We analyzed what is bothering you most of all. Below we’ve collected answers to your main questions.

1.CoinLoan - is a platform for lending cryptocurrency?
No, CoinLoan - it’s a platform, where users will be able to receive real money in any available currency secured on cryptoassets. The system will select the most suitable option for the borrower from the set of counteroffers for lending. The loans will be provided without verification of the borrower’s solvency or processing applications by the lending center and other formalities peculiar to the conventional banking system. The user will receive fiat funds almost instantly.

1. What is a CoinLoan token and how will it be used?
   A CoinLoan Token (CLT) - an ERC-20 compatible token, built on Ethereum blockchain. The main task of the CLT token is to pay fees for providing or borrowing a loan. 1 CLT allows paying the platform fee for borrowing a loan up to $10000. In addition, it will be possible to reduce the interest rate on obtaining a loan by offsetting the part of the rate with a CLT token. You can get Token on an ERC20-compatible Ethereum wallet (for example, MyEtherWallet.com), installed in your account settings.

2. How can I get tokens? And how can I use them?
   For purchasing the tokens you have to sign up on our site and transfer Bitcoins or Ethereum. Our system processes transactions from any wallets and crypto-exchanges. If you have other cryptocurrencies, then you may use integrated ShapeShift.io exchange service. The conversion rate will be fixed at the moment of sending the transaction. When the transaction is confirmed by the network, the tokens will be credited to your account balance at the previously fixed rate.

3. How will the tokens be distributed?
   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% (25 million) — ICO (Initial Coin Offering)
   30% (15 million) — SCO (Secondary Coin Offering)
   10% (5 million) — Reserve of the team and advisors.

4. What interest rate will the platform provide?
   The platform will not provide a pre-set interest rate. It will be fully market-dependent. The lender will set the interest rate in his/her loan application, and the borrower will state the desired interest rate for getting a loan. The system will automatically bring the matching applications together.

We remind you that CoinLoan Pre-ICO ends on the 29th of October. You can sign up and purchase Tokens at a bargain price here: https://tokensale.coinloan.io