We are happy to announce that ADA (Cardano) is now available on the CoinLoan platform. It is a top-10 cryptocurrency by market cap ranking. We have added Cardano to the list of available digital assets to answer the demand. You can swap, sell, buy, earn interest, and use the currency as collateral for crypto-backed loans.
What is Cardano
ADA is a primary cryptocurrency of Cardano, one of the first blockchain platforms powered by the Proof-of-Stake (PoS) protocol. It was created by Charles Hoskinson, one of the original co-founders of Ethereum, alongside Vitalik Buterin. Hoskinson’s Cardano aims to solve issues of rising energy use and costs prevailing in Ethereum with the Ouroboros consensus protocol, the project's own PoS. The company uses the protocol to this day.
Using Cardano (ADA) on CoinLoan
- Collateralized loans: With ADA collateral, you can get a loan in USDT, USDC, BUSD, TUSD, PAX, EUR, GBP, BTC, and WBTC.
- Interest Account: Get 5.2% APY with daily compound interest on ADA. Receive up to 7.2% total with CLT Staking.
- Crypto Exchange: Buy and sell ADA through our crypto exchange.
Promo month bonus: +2% on ADA Staking!
Deposit your ADA coins to our Interest Account and get your APY increased by 2% for the first 31 days from the launch. The offer is valid for all deposits made from November 23 to December 23, 2021. The offer starts and ends at 00:00 UTC.
Bonus interest depends on the days. For example, if you deposit on the 5th day from the launch date, the final calculation of the bonus interest will be based on 25 days.
APY with CLT Staking: up to 9.2%
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The information provided by CoinLoan (“we,” “us,” or “our”) in this text is for general informational purposes only. All investment and financial opinions expressed by CoinLoan in this text are from the personal research and open information sources and are intended as educational material. All outlined information is provided in good faith. However, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information in this text.