What is CoinLoan (CLT)?
CoinLoan is a European crypto-lending platform, acting under the license of the Estonian Financial Authority since 2017. Interest-earning deposits, fiat & crypto loans, and exchange services by CoinLoan are available worldwide, including the US, UK, and major EU countries. CLT, CoinLoan native utility token, provides users with better interest rates by adding 2% to the basic annual interest. It also decreases the borrowing fees paid in CLT by 50%.
Which Services Does CoinLoan Provide?
There are three main services that CoinLoan offers: interest-earning accounts, crypto & fiat lending, and crypto exchange.
- Instant Loan (CoinLoan Borrow) - a service for crypto-backed loans with 20% to 70% loan-to-value (LTV) ratio and 1 to 36 months loan duration period.
- Interest Account (CoinLoan Earn) - a service that provides users with the ability to deposit their funds (both crypto and fiat) with up to 12.3% annual interest depending on the selected asset.
- Exchange (CoinLoan Trade) - a service that allows users to exchange crypto assets, stable coins, and fiat currencies supported by the platform.
Who Are the Founders of CoinLoan?
CoinLoan was founded in 2017 by Alex Faliushin and Max Sapelov, and has headquarters in Tallinn, Estonia. According to CoinLoan’s website, the product is compliant with modern financial regulations standards.
Where Can I Buy CoinLoan Token (CLT)?
CoinLoan Token (CLT) can be bought on Bittrex, Uniswap, HitBTC and Hotbit exchanges for BTC, ETH and USDT. Additionally, CLT can also be bought directly from CoinLoan platform for crypto, stablecoins and fiat currencies.
How Many CoinLoan (CLT) Coins Are There in Circulation?
CoinLoan (CLT) has a maximum supply of 22,000,000 tokens, with 1,950,000 (9%) in circulation. It is an Ethereum-based ERC-20 token.
Is CoinLoan Safe to Use?
BitGo custody stores CoinLoan customers’ assets covering them with $100 million Lloyd’s insurance cover. The assets are claimed to be stored in offline, cold, multi-signature wallets. CoinLoan implements the essential security layers to protect customers' funds, including secure cloud infrastructure, modern encryption standards, DDoS protection, regular vulnerability scans, 2FA.
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