CoinLoan’s March Update 2020
March was marked for the CoinLoan team by quarantine and dramatic market perturbations. This month has proved that we are suited to thrive under challenging circumstances.
Our international team has used to stay in touch remotely, so isolation measures didn’t prevent us from doing our job. During March, we’ve presented CoinLoaners two significant platform updates.
Despite temporal dysfunctions within the crypto market, the team has successfully coped with all challenges. Moreover, we’re happy we could help some users that have been caught off guard.
CoinLoan Turned the Lending Upside Down With Fiat-to-Crypto Loans
CoinLoan now offers “reversed” loans you can’t find anywhere else. We are talking about loans in cryptocurrencies secured by stablecoins or fiat. On the Lending Market, users can now borrow BTC against USDT, or XMR against EUR, for instance.
CoinLoan has proved, yet again, its status of the most advanced crypto-lending platform. We’re now the only company in the market that offer all three dimensions of loans: crypto-to-fiat, crypto-to-crypto, and fiat-to-crypto.
Please refer to the link to view the whole announcement.
How to Maximize Interest Rate on Your Savings
With the desire to increase the value of CLT, CoinLoan launched the staking program with cosmic rewards for CLT holders.
When you own at least 250 CoinLoan tokens, you get promotional interest rates for all assets in the Interest Account. The more coins you have, the higher your rates. If you hold 5,000 CLT, you will be eligible to earn 10% on USDT and 6.4% on BTC. That’s +2% to our basic offer.
For more instructions, please follow the link.
The Inside Story of the Crypto Collapse
March 12th and 13th, 2020, will be remembered as days that brought the most significant stress test to the crypto-lending ecosystem and the whole financial market.
In our blog post, we described how the crypto-lending industry was on thin ice struggling to manage tons of margin calls at once and help thousands of users to avoid collateral liquidations.
Read the story here.
Defense Strategies for Uncertain Times
March brought high levels of uncertainty to the world, including crypto-market meltdown, coronavirus spread, oil trade wars, and stock markets plunge. The CoinLoan team tried to stay watchful during that trial by fire month to learn how we can minimize further surprises. What's coming next? Nobody knows. But we believe that forewarned is forearmed.
In our blog post, you’ll find two strategies that have proven to be useful during the precipitous fall and helped users to save their loans.
A New Partnership With SelfKey
In March we’ve announced the newest partnership between CoinLoan and prominent identity management company SelfKey. Our collaboration aims to combine efforts and expertise in different areas to achieve a common goal: to push the boundaries of crypto adoption and use. Find out more here.
CoinLoan in Media
- Cointelegraph: Crypto Lending, Explained
- Forklog: Криптокредитование: как заработать после падения криптовалютного рынка
Mike Rozhko, Chief Business Development Officer at CoinLoan, will be on the virtual stage of DeFi of Everything conference.