/biz/ - Business & Finance

These estonian jews are now allowing p2p collateralized loans in crypto to crypto (they act as collateral custodians so its not entirely p2p but that's a good thing). I lent ETH to some poor schmuck who used BTC as collateral @10% APR since I'm going to longhodl anyway. If BTC drops a lot and/or ETH appreciates a lot more than BTC, his BTC gets partially liquidated over and over to keep it below the maximum loan to collateral value for the pair.

There's other stuff too like XMR. Would recommend to lend if you have something you want to longhold. If you're the riskier type you could borrow crypto to crypto, but beware of being justed just like with margin trading.

Price Target: 15
Stop Loss: None

It's a P2P cryptocollateralized loan platform.
It's pretty much a wider featured version of Nexo, More types of cryptocurrencies, more onboarding and offboarding solutions currencywise, tokenwise and transferwise.
Instead of Coinloan being the counterparty vs all lenders, there is a market for lenders vs borrowers. And it works and has been working and has had users on both lender and borrower side for many months.
The token itself got pretty justed in the bear market. Their model used to be that each token was essentially a coupon for 10USD worth of services. Every token used for fees on the platform is burned. They then changed it to be "you pay 50% if you pay fees with the token", which was really what was needed in the bear market. It has resulted in a lot of sucked up supply and a thinning of the order books. The ICO price was 2USD per token and they raised a bit more than 3M USD.

Now, at a price of around 0.05USD, they have been burning these tokens used for fees with the 50% off discount. There's 2million of these coins in the wild. 2M * 0.05USD * 0.5 (discount) = 200k USD

The entire circulating supply would disappear in only 200k worth of fees paid. I have observed exchanges for a while and the orderbooks are extremely thin. There is a bot that puts out these very small sell orders to suppress the price at this level. There is only some 10 ethereum worth of sellside order book in the way of this going to $3 from 0.005.

One detail: There is one fee type that isn't paid with the token or even paid directly in any sense, which is the liquidation fee.

>>12591151
>what the fuck is an 'Estonia'?
the only european country with super friendly crypto laws

Lend Fiat with your eth as collateral to buy the dip even more. We're in a bull market soon so doing it now is pretty good. You can select to repay the loan by telling them to liquidate as much of your collateral as necessary, and then get the remaining collateral back. It's pretty cheap fee wise and unlike with Salt, you can actually get a loan.

If you're from the EU you can also lend fiat to others through it if you like. If you want to borrow, you can do so if you're an EU or US citizen.

For EU and NA boomers, asians may not apply.
ETH first, then other high liquidity high mcap coins over the next few weeks, and then CLT after CLT has the liquidity to be more price manipulation resistant.
If you have a big dick or fallopian tubes you can collateralize your ETH right now and get a fiat loan in return and buy more ETH or whatever shitcoins if you think the bullrun is coming soonish.

Look at the coin supply and tokenomics. Everything spent for fees burned. Unlike with Salt, no immediately and never a permanent secondary coin offering (no price roof). Minimum 10 USD value of token when used for fees, and if market value goes higher, it's counter as whatever the market value is.
Borrowers need to use CLT for fees, lenders can decide to use fiat or CLT. Obviously its cheaper to use CLT right now but some institutions and funds don't want to touch any crypto directly due to accounting uncertainty / regulatory reasons.

If you're a eurotard private citizen non accredited investor, you can actually lend to other people via the platform. If you're a burger, you need to wait and see if SEC replies to them that it's is OK, but you can borrow hassle free already.

They're sending our press releases to every popular crypto publications over the next weeks.

1.9m tokens circulating supply. Buy now or buy never. Order books are super thin on Idex and Yobit.

Salt had shitty tokenomics.

https://app.coinloan.io/login

It just opened. Officially its not supposed to open before monday, but they gave this link in Telegram.

You can only borrow fiat with ethereum as your collateral right away, but if they keep up their word, they'll quickly add the possibility for most other high marketcap highly liquid cryptoassets.

Only EU and NA individuals can borrow for now, and for non-accredited investors, only EU people can be lend. They're waiting on answer from the SEC regarding NA non-accredited investors lending. Honestly I doubt they'll get a yes on that because in the US, the middleman (funds that invest for you) always get their cut, which means the middle finger to non-rich people wanting to loan out fiat with crypto collateral. I hope I'm wrong though.

It's so slow. Their backlog is over 1.3bn in loans
Pic related is your best bet. Will open in a week or so for US and EU borrowers and has financial institutions willing to lend via it in a p2p fashion (there is an ask/bid marked) with coinloan as the crypto collateral custodian.

59million circulating tokens x 27.5 USD platform value = 1.6225 billion USD fees.

30 million in loans were granted by Salt by 2nd of March. The fees from that will be considerably less than 30 million USD worth. I don't know what bottleneck they have but I suspect their lending partners didn't give them much to lend out and they simply don't have the money. Even the 1.3bn in loan applications if instantly granted wouldn't have supported even a 7$ per token value.

It's not crushed by the market, it's crushed by an oversupplied token for a service, and they knew exactly what they were doing because you can be sure they at least did the napkin math necessary to understand the consequences of their token model.

If any of you are still interested in crypto collateralized loan platforms, the best plan I've seen is that laid out by https://coinloan.io Whitepaper: https://d22bh5hhp3xpt1.cloudfront.net/CoinLoan_WhitePaper.pdf

It is launching this month and oscillates between 1m and 2m market cap right now. Every coin used for fees on the platform is burned, they will only periodically sell tokens themselves on the platform to raise specific amounts of funds for specific things (like expanding operations beyond europe). The first price when they hold their first secondary coin offering will be 10$ or if market price is higher, then higher than market price, but they have indicated they're not holding an SCO right after launch.

They have a pretty frictionless p2p bid/ask system for crypto collateralized loans types and condition and their main function is being the collateral custodians of the users (borrowers and lenders). Even private individuals are allowed to be lenders.

To begin with they will offer ethereum and btc as collateral in return for loans in fiat and then quickly expand their offering to other high market cap assets with high liquidity and low slippage.

Nexo probably has similar problems with limited capital to actually lend out.

Pic related's model being more p2p with lenders offering their terms directly for borrowers to accept / go into might remedy that. They won't be competing with salt at first though, as their license is for EU, but they will expand eventually. They're launching at end of month and my bags are pretty big so I'm pretty excited and a little scared to find out how much their partners are willing to offer in crypto collateralized loans to begin with.

It's the best model I've seen so far, but things can seem better on paper than it is in reality for unexpected reasons.

It's launching sometime this month and market cap is currently around 1m USD I think, so the time to dyor is now. They haven't started marketing yet but I assume they will after launch. Maybe after making sure everything operates as it should when it's live, in which case there will be a small window to accumulate even after launch.

https://coinloan.io

https://yobit.net/en/trade/CLT/BTC
https://idex.market/eth/clt

End of month launch. Forget salt. Forget Nexo. Dyor for once in your life https://d22bh5hhp3xpt1.cloudfront.net/CoinLoan_WhitePaper.pdf

>>9906625
fact.
nexo is gay as fuck and predatory and is the only counterparty to lenders on their platforms, so their capital to lend out is limited.

fact.
Coinloan is an as frictionless as possible p2p marketplace for crypto collateralized loans and it's launching this month for EU borrowers. Its market cap is currently below 2m USD and it burns every token used for fees.
It will beat both nexo and salt in loan availability, token appreciation mechanism, cost of the middleman service and range of loan term offers.
Lenders and borrowers can set up ask/bids with terms and their counterparty can accept. This ensures proper supply/demand mechanisms are in place to incentivize lenders to meet borrower demand.

Forget about nexo. Their total historic loans granted in their predatory consumption loan business credissimo is only 109m euro over several years. Salt got over a 1bn in loan applications the first year and couldn't service even 4% of them by march this year ("muh bank of mauritius"). Nexo will barely scratch the EU market for crypto collateralized loans with the funds they have available to loan out personally as the only counterparty.

Coinloan and its very low friction lender onboarding model will easily rake in marketshare.

Salt: Successful enough business to be successful as a business, but token holders got fucked in the ass and their big lender partner didn't deliver.

Nexo: Smallfry credit card company trying to suck some money out of crypto in the same predatory small minded way they did in fiat.

Coinloan: Low friction P2P market with massive loan scaling potential, extremely pro-holder tokenomics and ridiculously low marketcap.

>salt
>not pic related that's launching this month coming out of nowhere to absolutely destroy nexo and salt

Pic related is your savior. launched by end of month. All tokens used for fees are burned. The supply is low (1.9m tokens sold in ICO).

Salt's problem was a lack of willing capital to meet the lender side, having a highly manual process internally and a ridiculously high supply as well as extremely cheaply sold tokens during pre-sale.

Coinloan has none of these problems. Read the whitepaper. Launches by end of month to users in Europe.

Their presale was unethically low priced compared to public sale and the total supply is ridiculous compared to platform price, especially considering there's no token burn.

Pic related will launch beta sometime this month and then fully by end of this month. They have already had a demo up for months and have gotten feedback and testing done.
It has a much better model than both Salt and Nexo, with lower friction for both lenders and borrowers to enter the market, while having a more reasonable maximum LTV ratio at 0.7 (lenders can offer lower LTV ratio if they'd like, which I figure most will).

It's an open market that matches lender and borrower's bid/ask parameters.

Every token used for fees are burned. They will only sell their token on their website when they want additional funding to expand and the first time they do this, the price will be minimum 10 USD and if market price is higher, it will be minimum market price.

They will not sell it all at once. They sold 1.9m tokens in the token sale, of which the highest price was 2USD per token.

They've had a license to operate in the entire EU since februrary and have agreements with funds and banks that wish to lend through the platform.

They have indicated that they are in no rush to start an SCO (secondary coin offering), so the only source of tokens will be from markets to begin with and since the supply is so low, it will no doubt skyrocket way above 10$ before they sell some in an SCO.

They also accept CLT as collateral at market value price, which will tie up more of the already meagre CLT out there.

tl;dr: Fuck nexo, fuck Salt, go Coinloan.

I was an early investor in salt and I jumped ship before launch because I knew it was going to dump due to oversupply. Read the Coinloan white paper, it makes Salt look like a retarded kid that picks its nose with crayons.

The entire telegram is angry after they fucked over presale registrants.

They have a total of less than 150m USD worth of loans granted in their previous business over several years, and they haven't disclosed any partner that could add any extra USD liquidity.

They had ~50m in their telegram from the getgo, but nowhere near as much activity as would be normal in that case. This means they botted up the activity count.

Basically, they're a shady as fuck predatory tiny credit company that decided they could get a lot of money through the blockchain hype.

They have no good finsec credentials, they have no blockchain credentials, they changed their ICO structure, they have no real transparency on earnings that could show whether people who buy the dividend tokens from the ICO are actually getting what's due. It is also not 30% of margins from the overdrafts, but "30% of profits", which means what the company earns /after/ they pay all their employees (assume fat bonuses to the company owners in order to circumvent this).

All in all:
Low transparency
No morals when it comes to marketing (bots)
Shifting ICO rules
Low credibility of parent company easily discovered when you actually look into things
Loopholes that enables them to fuck over dividend token holders (not that the law entitles dividend tokens holders to squat anyway).

Pic related is the only real hope left in the near future for crypto collateralized loans after Salt dropped the ball (granted less than 10% of loan requests, lmao. "muh bank of mauritius". Also inflexible as fuck and basically, allowed people to buy memberships and they aren't even getting granted loans). Not that Salt really operates in more than parts of the US anyway.

The entire telegram is angry after they fucked over private investors.

They have a total of less than 150m USD worth of loans granted in their previous business over several years, and they haven't disclosed any partner that could add any extra USD liquidity.

They had ~50m in their telegram from the getgo, but nowhere near as much activity as would be normal in that case. This means they botted up the activity count.

Basically, they're a shady as fuck predatory tiny credit company that decided they could get a lot of money through the blockchain hype.

They have no good finsec credentials, they have no blockchain credentials, they changed their ICO structure, they have no real transparency on earnings that could show whether people who buy the dividend tokens from the ICO are actually getting what's due. It is also not 30% of margins from the overdrafts, but "30% of profits", which means what the company earns /after/ they pay all their employees (assume fat bonuses to the company owners in order to circumvent this).

All in all:
Low transparency
No morals when it comes to marketing (bots)
Shifting ICO rules
Low credibility of parent company easily discovered when you actually look into things
Loopholes that enables them to fuck over dividend token holders (not that the law entitles dividend tokens holders to squat anyway).

Pic related is the only real hope left in the near future for crypto collateralized loans after Salt dropped the ball (granted less than 10% of loan requests, lmao. "muh bank of mauritius". Also inflexible as fuck and basically, allowed people to buy memberships and they aren't even getting granted loans). Not that Salt really operates in more than parts of the US anyway.

30$ unironically if chainlink gets useful and integrated in Q2. Consider the burn. Consider the fomo considering the burn. Consider the institutional investors that see it working, understand the scope of its expanded ambitions beyond its cure functionality and see it as one of the bluest chip guaranteed return cryptos out there.
Cash me outside.

If count demo, legal licenses and finance partnerships as a working product, then pic is criminally undervalued. Actual platform launching late march or early april at earliest though. Listing on Kucoin soon.

Hubii will have a working core module of the overall platform by end of month, and a wallet to test in a few days.

I'd tell you 4 more but I'm not done accumulating.

>>8091120
>poorfag
>doesn't cook his own meals

You're one of those people who are poor due to being a completely ignorant low IQ subhuman that has no willingness to go out of his comfort zone, so he pretends to himself that he isn't ignorant.

People like you could be saved with adequate spoonfeeding and education. You probably never will. You completely dismiss the "cook your own meal" advice in this thread. I don't even consider us the same species.

ChainLink. CoinLoan.
CL. CL.
7777777

KuCoin soon.
You have been warned.

The platform, that is.