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.
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.
Bounty campaign is limited in time public offer that contains rules, reward conditions, and bounty tasks aiming to promote a specified crypto project.
Any person can join a bounty campaign to become a bounty hunter and perform bounty tasks for a reward.
The reward is usually nominated in a project’s tokens or coins. Every project states its bounty pool size that will be allocated to all participants after the end of a bounty campaign. The size of the individual reward depends on the number of stakes, which a bounty hunter earns during the campaign by performing bounty tasks.
Every bounty campaign has its own rules describing in details what tasks should be done by participants, how to report and how much bounty stakes will be given.
The aim of bounty tasks is to promote a specified crypto project on different media channels. For example, one of the simplest task may require a participant to like and share a project’s post through his/her personal Facebook account.
Stop waiting for bounty reward many months. Get the money upfront!
Thanks to the Bounty Stakes Trading 2.0 provided by Tokpie exchange, hunters can now take the money even before completing bounty tasks! So, if you want the cash upfront, follow the links below to: – collateralize and deposit any amount of bounty stakes that you could earn in the future; – sell deposited bounty stakes to get TKP, ETH, and USDC; – settle deposited bounty stakes to unlock the collateral.
Active project: Easy Feedback Round 3 Bounty How to get ETH, USDC, TKP: full guide Available for trading until EFT token distribution.
Know how to get Ethreum (ETH), USDC and TKP in seconds by selling all your bounty stakes before earning them.
Tokpie cryptocurrency exchange continues to revolutionize the bounty common practice thanks to the new Bounty Stakes Trading 2.0 solution!
Now, any participant of Easy Feedback Round 2 Bounty can get money IN ADVANCE for the bounty work that can be done later. So, earn cash immediately by following three simple steps described below.
1. Deposit bounty stakes long before you have earned them.
Deposit any amount of Easy Feedback Round 2 Bounty stakes before you have earned them, as explained here. Now it takes a few seconds!
2. Get cash immediately by selling the deposited bounty stakes.
Get cash (TKP, ETH, USDC) immediately by selling the deposited bounty stakes for any price you want as shown here. You can also buy any listed bounty stakes to get the EFT tokens after distribution.
3. Settle your obligation.
Settle your obligation as described here, by giving back the bounty stakes or providing the related EFT bounty tokens.
Q: How Bounty Stakes Trading 2.0 solution differs from original Bounty Stakes Trading? A: By usingBounty Stakes Trading 2.0, a bounty hunter can deposit bounty stakes long before he will see his stakes in the bounty spreadsheet. Also, the process of depositing takes just 5 seconds and doesn’t require any additional actions. Moreover, any user can deposit and sell bounty stakes if he believes that their price will be decreasing in the future, then buyback for a lower price to get a profit.
The process of asset collateralization allows Tokpie users to deposit bounty stakes in seconds and in advance.
To understand the process of collateralization, read the following rules.
Asset: is any digital asset that could represent specified bounty stakes of a particular project which are listed on Tokpie exchange and available for trading
Bounty campaign: is a marketing program aiming to promote a specified project where hunters can earn a project’s tokens.
Bounty stakes: are the points which are used as the means of evaluation of bounty hunter’s performance during a project’s bounty campaign. Every bounty stake represents the right to receive a project’s tokens in the future when stakes-to-token conversion rates are being defined.
Bounty Stakes Trading 2.0: is an alternative way to deposit and trade bounty stakes on Tokpie exchange.
Collateral: is the specified amount of TKP tokens pledged as security for obligation settlement. If a hunter fails to settle his obligation then he loses the corresponding collateral.
Collateralization: is the process of depositing bounty stakes on a user account balance and locking the corresponding amount of TKP tokens as collateral.
Collateralize: is an action leading to the depositing of particular bounty stakes on a user account balance after locking the corresponding amount of TKP tokens as collateral.
Depositing: is a process resulting in appearing bounty stakes on a user account balance.
Hunter: is a bounty hunter or bounty participant who is engaged in a Project’s bounty.
Obligation Settlement: is the process of unlocking TKP collateral that was initially used for the asset (bounty stakes) depositing.
Project: is a cryptocurrency startup, ICO, STO or a company that runs its bounty campaign and whose bounty stakes are listed on Tokpie.
Project’s tokens: any altcoin (token or coin) issued by a Project and used to reward bounty hunters who participate in Project’s bounty campaign.
Settle: is an action leading to the withdrawing of particular bounty stakes from a user account balance and unlocking the corresponding amount of TKP tokens initially pledged as collateral.
Stakes-to-token conversion rate: is a rate that defines how many tokens are to be distributed to a bounty hunter for the number of stakes earned in a specified bounty campaign.
TKP: is an ERC-20 token issued by Tokpie exchange that provides its holders with the following benefits.
Tokpie: is a cryptocurrency exchange that provides its users with the unique bounty stakes trading service.
User: A person who has registered Tokpie exchange.
1. Collateralization and Depositing
A user has an option to deposit bounty stakes, which are listed on Tokpie exchange under Bounty Stakes Trading 2.0 solution. To make such depositing a user shall provide collateral in TKP tokens. The size of the TKP collateral is calculated due to the formula:
Stake price x Quantity x Collateral rate
Where, Stake price is the best BID price from the related order book, Quantity is how many stakes you want to collateralize and deposit, Collateralrate is a number from 1.4 to 3.0 that depends on your price plan. The following collateral rates are applied: Trial plan: 3, Light plan: 2.5, Standard plan: 2, Premium plan: 1.8, Enterprise plan: 1.4. It means that a user having Enterprise status gets the lowest 71.4% LTV (Loan-to-Value Ratio).
Tokpie freezes TKP tokens pledged as collateral on a user account balance automatically when a user clicks on [Collaterilize & Deposit ] button here. At the same time, Tokpie depositing the corresponding amount of bounty stakes on a user account balance.
To get back TKP tokens pledged as collateral, a user shall settle his obligation as described below.
2. Obligation Settlement
Settlement before a project’s token distribution. A user has an option to return bounty stakes, which he had initially collateralized and deposited at any time before the token distribution event. If a user had already sold these bounty stakes, then he can buy the required amount in the related market here before the project’s token distribution to the bounty hunters.
Settlement after a project’s token distribution. Alternatively, a user has an option to settle his obligation regarding the initially collateralized & deposited bounty stakes by providing Tokpie with the related project’s tokens. The number of a project’s tokens to be provided is defined in accordance with the formula (unless otherwise stipulated by the rules):
stakes-to-token conversion rate x the number of unsettled bounty stakes
After a project’s token distribution event, Tokpie sends an email message to all users who still have unsettled obligations. After receiving such email, a user shall send a project’s tokens to Tokpie withing 48 hours.
After a user performs any of the above options to settle his obligation, Tokpie returns the corresponding TKP collateral to a user.
If a user had collateralized and deposited bounty stakes of a project that is not going to distribute its tokens to all bounty hunters for any reasons (a failed project) then Tokpie returns TKP collateral to a user due to the formula:
TKP pledged as collateral - TKP tokens already obtained by a user from selling the related bounty stakes