Topic: 🔥[ANN][ICO] CoinLoan — Lending Platform with CryptoAssets as Collateral🔥 - page 19. (Read 9943 times)

For easy understanding let us give an example of potential usage of our platform:

Let`s consider the case when you have 1 BTC, for example, and you have noticed a perspective (to your opinion) ICO which can receive fiat funds.

Let`s take ICO Polybius as an example:
When Polybius was performing its ICO, Bitcoin was traded over approximately 2000 USD.

You pledge BTC at the current exchange rate and receive funds in the amount of 1200 USD. Then you buy PLBT tokens, and thus you have a one more cryptoasset in your portfolio. You have bought 120 PLBT tokens for 10 USD. Alternatively, you could have done another way: buy PLBT tokens for this very 1 BTC. As a result, after ICO the token price would fall twice, and the BTC exchange rate would increase twice. In view of this situation in the first case, if you have used our services and borrowed a loan to invest into another ICO, currently you would own 1 BTC (which costs 4000 USD at the moment) and 120 PLBT (5 USD each).
As a result, you own 4000 USD (with the debt which comprises 1200 USD + 1.5% of overpayment = 1218 USD), and you have PLBT tokens in your portfolio with current total value 600 USD. After repaying the debt, you will own 4000 USD - 1218 + 600 = 3382 USD of net funds and locked-in profit which comprises 1382 USD, although the PLBT exchange rate has dropped.

In your case when you buy 200 PLBT for your 1 BTC, you become an owner of an asset 1000 USD worth and locked-in loss which comprises 1000 USD.

It`s only one of the potential patterns of using our service.

Let's sensibly consider this situation. There are a lot of Bounty flooders on this forum. They have a lot of posts and Hero+ statuses. Do you trust such people?
We do not want to lumber the forum database, cramming posts with pointless spam. Also, we did not want to buy someone else's old accounts with a VIP-status. We decided to play fair.



Thank you for your confidence.

By P2P we meant that the lending conditions are set both by the lender and the borrower. We act as a guarantor and impose a minimal fee on these transactions. Maybe you can clarify how it could be called properly instead of P2P?
Also, we would extend the methods of withdrawing borrowed funds adjusting to the local payment methods particularly in the countries of our presence, so customary and convenient methods of receiving the refund will be available for those who live in far parts of the world.  Besides dividends, the token holders will have other privileges such as interest-free short-term loan facilities secured by tokens.


Russian Thread

Look at the data carefully, think this is a complete system plan, really very good, consider very considerate, I believe that the project will succeed in doing, asset appreciation is achieved in a safe environment.

with the Dev being a "newbie" it would be obvious to be EXTREMELY cautious! there are many other solutions out there and one for every flavor of person, but this one i think would end up making many people cry!

If in your credit system are involved in fiat money, then clearly there is a central guarantor holding collaterals, and distributing profits to holders of tokens and creditors in fiat money. Then what does p2p have to do with it? And your tokens are then needed only as shares of participation in profits?
Is there a Russian thread? Or is the project oriented only to an English-speaking audience?

When the thread for the bounty champaign was published, I can not wait to see how this project continues

Pre-Sale will take 7 days without a pre-determined price for the CLT token. After completion, all the tokens allocated for the Pre-Sale will be proportionally distributed among all investors; thus the value will be determined by the current market demand.
At the ICO, the token price will be determined after the Pre-Sale and will make 150-200% of the market price.
Detailed information on ICO (min/max cap, etc) will be published later.



Could you please clarify what is the similarity between our project and TrustCoin besides the word "P2P" in the description?
We differ significantly from the conventional concept of P2P platforms. Our only association with the P2P concept is that each user gets an opportunity to act both as a lender and a borrower who co-operate throughout our platform which acts as an underwriter.

Here are some key features which distinguish us from other projects:
1. We will provide loans in fiat currency, and the borrower will be able to withdraw them to a card or a bank account at the touch of a button pledging cryptocurrency or tokens as collateral.
2. We are the only entity in the market which guarantees the lender full repayment of funds with the rate of interest. Thus, the lender does not bear any risks and does not need to perform assessment of solvency and reliability of the borrower.
3. Our company will be fully licensed for official activity.

I will also add by saying this project is inspired by Trustcoin as well. Why I should invest and wait for next year when the one I mentioned at start are already working on some platform which will come out before the end of this year. They are in more advanced level of development whereas you are just announcing crowdfunding.

How much are you seeking to raise in the ICO and how much will each token be worth ie. how many per ETH will you get?

There's a lot of competition coming into this area now so will be interesting to see how this goes

Will await the release of the white paper for it

Thank you all for good questions and interest in our project.



Firstly, we have stated the maximum deadline in our roadmap not to blow it in the future.
Secondly, our project is much different from simpler cryptocurrency platforms for P2P lending. Our platform provides loans in fiat currency secured on the crypto-asset, so we need to acquire licenses, integration with banks and the card processing and more thorough legal studies.
Thirdly, we have been working on the development for several months already, and we can estimate the real deadline sensibly. Surely we will try to launch it as soon as possible.



The date of the Pre-Sale and ICO will be announced after publishing the Bounty campaign and White Paper. Currently, we are finalizing WP. Perhaps you have some suggestions concerning which information we should clarify and add to WP?



We understand your doubts caused by the current ICO market situation which involves complete scam, but we hope that soon you will satisfy yourself of our good faith and project viability.



We are currently working on WP and will publish it within a few days.
We have answered the question "Why we need money?" above, we would recommend you to examine the description of the project more thoroughly, grasp it and its difference from other projects.
Please clarify your question about the blockchain.



Please clarify your questions. What "window wallet" do you mean? What haven`t you understood about our plan?



Our project is completely different from other projects and is an industry-unique one. Maybe you haven`t grasped the project? The only common thing that CoinLoan and EthLend have is the word "P2P" in the description, but no further. We provide fiat as a loan.

There is a current project like Ethlend which is also be doing ICO soon. And so this Coinloan is a copied product from some team. It very common these days, blocklancer and bitjob are just doing the same thing. Whoever is the scam between the two, is hard to identify. Maybe they both are legit.

do developer have any plan for coinLoan ? iwhat about window wallet ? we have many question this coin ? team ?..

It all looks like scam. Team is completely unknown, even google knows no, WP is missing, I do not at all understand what they need the money (probably for party) and also blockchain? Scam Limit Production)

You have a point on this. This kind of project has some loopholes. Or maybe another Russian scam project in the making. Let's see...

when open pre-sale and ico selling and how long duration
and when open bounty, is good alocation to signature campaign is highest
is good if use bounty campaign manager and escrow , can incraese trust youre project

2018 Q4
The official launch of the platform.

The Waiting time is too long for a lending platform.,  and why you need so much funding if its a p2p lending, since member;s will lend to each other right?

You will use any escrow dev?

At a certain point, you have to choose between available and desirable...

Typically, you exchange your current assets for the new ones. Their mutual exclusion is quite natural, but it often causes a loss in the future.

Sometimes, it is much more reasonable to hold some current assets in the new ones to obtain them back later.

CoinLoan is a platform for lending secured on crypto-assets (cryptocurrency, tokens) aimed at meeting the demand that cannot be satisfied by the traditional credit system. It provides borrowers with the most favorable conditions, and lenders - with the full repayment of their funds and the absence of risks.


Problem
At a certain moment, every crypto investor faces the need for fiat money. Obviously, taking into account the market situation, your crypto asset is a highly liquid investment, but one-time transaction through crypto exchanges would be not strategically beneficial due to the duration of deposit/withdrawal, fees, and the market volatility.


Solution
A proven business model endowed with all the power and flexibility of modern technologies and cryptography and tested for centuries can be a solution - low-interest loans secured by a cryptocurrency.

Using our platform, you can capture the full benefits of your relations with your creditors, and achieve your goal and completely save the original asset.

You may get up to 70% of the current market value of your crypto assets invested in a fiat currency that is withdrawable in a number of convenient and fast methods, e.g. by international or local bank payment, or transfer to a bank card, etc.

Moreover, the platform will allow the instant issue of virtual or debit (plastic) cards with Apple Pay/Samsung Pay support where you can immediately withdraw your fiat money.


How it works
In our platform, a client may act both as a lender and a borrower.

The lender may deposit his/her fiat money with the aid of international/local bank transfers or bank cards and individually create requests for loans on favorable terms (terms, interest rates). He/she may also choose our system to do the above in a fully automatic mode, thereby avoiding the manual creation and continuous monitoring of his/her requests. If the borrower fails to return the funds, the system will automatically liquidate (sell) the pledged crypto asset and return the funds to the lender (including the interest rate), thereby ensuring the absence of risks and a full repayment.

The borrower shall deposit his/her cryptocurrency funds, then create a loan application, the amount of which cannot exceed 70% of the current market value — this restriction is created to preserve the borrower's crypto assets and reduce the risks caused by the high volatility of the cryptocurrency market. Next, he/she shall withdraw the received fiat money in a convenient and fast way, and later repays it, and gets his/her crypto asset back in full.


Market Analysis
According to experts, the total P2P-lending market may reach a trillion dollars by 2025. Nowadays, it is more than 100 billion annually and will grow exponentially.

At the same time, it is clear from the forecasts of many crypto enthusiasts that by 2020 the crypto asset market will exceed the above estimate of a trillion dollars.

These markets shall bump into, as the cryptocurrency becomes a real investment asset for its holders and can be monetized at any time.

Cryptocurrency, blockchain technologies, and P2P lending, while improving the economy, move the market in a modern direction, leaving behind traditional financial institutions that fail to notice the waves of the blockchain revolution.


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Website: CoinLoan.io

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