Tag: CLT

What is CoinLoan (CLT) token?

CLT (CoinLoan) token

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.

CoinLoan advantages

  • Worldwide coverage;
  • 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:

  • Loan Currency
  • 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.

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