Cryptoloans : Trade Cryptocurrency on Credits
Recently, I was watching a video on YouTube on Bitcoins and other cryptocurrencies. Over there, the podcaster was speaking about the number of people who actually know and understand what cryptocurrencies are, is less than 2% of the world's population.
Of them, only about 0.78% are actually aware of the system in which they work and how their prices change.
Thus, less than 1% of the world can earn from the cryptomarket, which is absolutely unwanted as the cryptocurrency market is indeed one of the best ways to earn money, provided the investor has proper knowledge about the market.
Thus, with a challenge to expand the crypto-services to the entire population of the world, Cryptoloans has entered the market.
What is Cryptoloans?
Cryptoloans is the world's first platform for secure lending, trading and exchange of cryptocurrencies in the world. It unites the 3 directions of financial markets - P2P lending, Marginal trading and cryptocurrency market.
Cryptoloans reduces risks, multiplies earnings and allows users to withdraw funds anytime from their wallets.
Also, borrowers have to undergo the hassles of documentation and a lot of other things, but with Cryptoloans all they need to do is a simple registration on the site.
Also, no guarantee or collateral is needed for obtaining a loan - this allows more people to borrow money and fulfill their own dreams.
How does it work?
Suppose, Mr. Shyam wants to get a loan from a bank.
First, he will visit the bank where he will have to submit a lot of documents including his identity proof, age proof, address proof, income proof. After that, the bank officer will verify his credit score and his loan repayment history.
If he is satisfied with those, he will proceed and have a look at the collateral and guarantees that he might be able to provide. Occasionally a bank may not ask for it if the credit score is exceptionally good, but that's a very rare occasion.
After that, he's made to wait for days - ranging from a week to a month, and after that, the loan is sanctioned.
Now dreams and opportunities wait for none, and hence, this can create severe problems for some.
This is where Cryptoloans comes into play.
Using the platform, and registering on it, the only thing that users need to do is to discuss the terms and conditions from the loan provider. Once they are satisfied, all they have to do is use the funds because the funds are transferred immediately.
This is how Cryptoloans solves a very complex financial market challenge!
About ICO
The LCN token is the altcoin of the Cryptoloans platform.
It has 3 main purposes :
- Paying for commissions on the platform
- Buying/selling the tokens from/to other users
- Receiving and issuing loans
The total number of tokens that will be generated is 10,000,000.
The ICO period ends on 27th June, 2018.
The current exchange rate is 300 LCN/ETH.
The soft cap has been set at 1300 ETH and the hard cap has been set at 1800 ETH.
Verdict
Getting a loan is a nightmare for many people - documents, credit scores, collaterals, guarantees and what not?
And even after that, a loan is not guaranteed and they are made to wait for days before that gets sanctioned.
This is where Cryptoloans comes into play and solves all the problems of the market.
Using the platform, the users can get loans very easily and quickly, without having to go through all the hassles of getting a loan.
What's more, the platform offers unmatched security and support!
Using this amazing platform, a lot of people can fulfill their dreams and do what they always wanted to do, but could not due to lack of money.
Cryptoloans gives momentum to those people!
Truly, this is a welcome change in the financial world.
Website: https://www.cryptoloans.top/
Whitepaper: https://www.cryptoloans.top/docs/Cryptoloans_White_Paper_English_Version.pdf
Blog by ollivander7
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1069616