CoinLoan (CLT) is an Ethereum based utility token applied on CoinLoan platform.
Total distribution is 22,000,000 CLT only!
What is CoinLoan platform?
CoinLoan is one of the first cryptocurrency lending platforms where Borrowers can get loans (in fiat or crypto) backed by cryptocurrencies. The result borrowers don’t need to sell their crypto assets. At the same time, Lenders can earn interest incomes being ensured by over-collateralization.
Operate due to European Financial Licenses: FVR000111, FRK000091, FFA000241;
Wide variety of stable coins, fiat, and other cryptocurrencies can be lent and borrowed. You can even make crypto-to-crypto loans like borrow ETH against ETH;
Quick fiat depositing via Visa/MasterCard, SEPA, SWIFT, and other payment methods;
Highest Loan-to-Value (LTV) limits on the market: 70-80%. Auto Liquidation happens only when your LTV crosses the line of 90%.
Example of CLT token usage
The only borrowers are charged with fees on CoinLoan platform. There two options for paying borrowing fees:
CoinLoan Tokens (CLT) – 50% discount
So, for example, when you take a loan of 1000 USDT for 1 month you will be charged with 5 USDT equivalent in CLT tokens (the calculation is based on the market value of CLT) instead of 10 USDT.
1st Option: Settlement BEFORE the distribution of EFT tokens to bounty participants.
You can settle your obligation at any moment, before EFT tokens distribution to bounty hunters, by providing the EFT Round 3 bounty stakes which you had previously collateralized and deposited.
How to do that? 1. Open Collaterelize Asset page 2. Find the line with the bounty stakes which you want to settle 3. Click on [settle] button as shown in the example: Figure 1 below.
The result, the same amount of previously collateralized and deposited bounty stakes will be deducted from your Tokpie account balance. At the same time, the tied TKP tokens will be deposited on your Tokpie account balance.
IMPORTANT: Make sure that you have the same stakes in the same amount available on your balance. If you don’t have, then close all opened orders or buy these stakes in the related market.
2nd Option: Settlement AFTER the distribution of EFT tokens to bounty participants.
If you have not yet fulfilled your obligation to settle collateralized & deposited EFT bounty stake as described in 1st Option above, then Tokpie sends you an email message containing the following information:
amount of EFT tokens that you must send to Tokpie. It’s calculated as stakes-to-token conversion rate x the number of unsettled bounty stakes;
a wallet address to which you must transfer this amount of EFT tokens.
NOTE: – Tokpie sends such email message only after EFT tokens are distributed to all bounty hunters. After getting email notice, you will have 48 hours to send EFT tokens; – After a successful transfer, you will get back TKP tokens previously tied as collateral and your obligation will be settled automatically; – get EFT tokens for settlement by participating in Easy Feedback Round 3 bounty.
What if bounty campaign fails
If Easy Feedback doesn’t distribute EFT tokens to bounty hunters for any reasons (a failed project) then Tokpie returns TKP collateral to a user who has collateralized and deposited EFT Round 3 bounty stakes, due to the formula:
TKP pledged as collateral - TKP tokens already obtained by a user from selling the related bounty stakes
NOTE: – By clicking on the links above you can submit your trade orders at any price you want, check the market depth, view current bids, asks, last matched prices and price charts; – You may sell and buy EFT bounty stakes (rounds 3) only until EFT token distribution event; – All holders of EFT bounty stakes will automatically get EFT tokens on their Tokpie account balances when the campaign has come to the end and in accordance with the conversion’s proportion revealed as the results of the campaign; – You can check bounty stakes prices without registration; – The following trade fees are applied.
2. Get Ethereum (ETH) and USDC.
Exchange TKP tokens on ETH or USDC at any moment in the following markets:
The following Easy Feedback (EFT) Round 3 Bounty stakes are available for collateralization and depositing: – EFT_CA_Stake_R3_Telegram – EFT_CA_Stake_R3_Twitter – EFT_CA_Stake_R3_YouTube – EFT_CA_Stake_R3_Facebook – EFT_CA_Stake_R3_Blog – EFT_CA_Stake_R3_Signature – EFT_CA_Stake_R3_Translation – EFT_CA_Stake_R3_LinkedIn – EFT_CA_Stake_R3_Reddit – EFT_CA_Stake_R3_YoutubeEngnt
2. Enter how many stakes you want to deposit.
You can enter any amount of bounty stakes you want to deposit for trading.
3. Click on the [Collateralize & Deposit] green button.
After pressing on the green button (3), a new line appears in the Collateralized Assets table as shown in the figure below. It means that you have just deposited some bounty stakes on your Tokpie account balance and can trade them by clicking on ‘hummer’ icon (4). Know more how to get TKP, ETH, USDC by selling your bounty stakes.
Learn about the main Round 3 conditions of Easy Feedback bounty.
5,000,000 EFT tokens will be allocated among bounty participants in accordance with the number of bounty stakes earned.
Ethereum (ETH), USDC, TKP can be taken by bounty participants at any time before bounty tokens distribution.Know how to get money for your bounty stakes. IMPORTANT: you can get ETH, USDC, TKP upfront, even before you have done any bounty tasks!
Easy Feedback (EFT) tokens for Rounds 1-3 will be distributed after all IEO sessions, running on different exchanges, have come to the end.