Links
Slack (not available)
Overview
ICO Opening Date
Nov 26th, 2017
ICO Closing Date
Feb 14th, 2018
Description
Lenders deposit their fiat money using international/local bank transfers or bank cards and request loans on their own terms (repayment, interest rates etc). Lenders either manage the loans themselves, or they can let our algorithm manage the loan completely on autopilot - thereby avoiding the manual creation and continuous monitoring of loan 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 risk and a full repayment of funds.
Borrowers can deposit cryptocurrency, and create a loan application for a maximum of 70% of current market value — to preserve the borrower's crypto assets and reduce the risks caused by the high volatility of the cryptocurrency market. Borrowed fiat money can be withdrawn quickly and conveniently, receiving their crypto assets back in full once loan conditions are repaid.
Technology
Blockchain Platform
Ethereum
Team
Members
Alex Faliushin - Founder & CEO
Max Sapelov - Founder & CTO
Eugene Landau - Lead Developer
Semen Zverev - Lead Engineer
Alex Marsoff - Designer
Mike Rozhko - Business Development
Dana Yatsenko - Public Relations Manager
Nika Maren - Community Manager
Advisors
Mike Shokin, CFA
Boris Otonicar
Arturas Svirskis
Desmond Marshall
Anton Sergeev
Daniele Azzaro
Disclosure: This page is created to provide market intelligence. This is not investment advice and does not constitute any solicitation or endorsement of any investment. Any investment you make is done at your own risk and at your full and absolute discretion.
CoinLoan News
July 27th, 2018
CoinLoan, an Estonia-based startup, has launched a crypto-to-fiat lending platform where cryptocurrency is used as collateral.
February 3rd, 2018
Fintech startup releases the first version of its peer-to-peer lending platform that facilitates cryptocurrency-backed loans.
By CoinSpeaker Staff on January 19th, 2019 Andy Tian, CEO at Asia Innovations Group (AIG) and founder of XPD Media, shares his vision of causes driving the collapse of crypto in 2018, explaining how ICO buzz contributed to the industry’s crash.
January 19th, 2019
In various Asian markets, Karnika E. Yashwant, crypto expert and ICO advisor, sees a lot of progress happening for launching ICOs, but not in their governments and shines a light on this phenomenon.
Good news for blockchain token projects concerning their ability to bypass U.S. securities registration requirements. While before they had to stand in the queue to fill out all the documents, now they can obtain so-called no-action letters from the SEC.
For operating a fraudulent Initial Coin Offering, former AriseBank executives have to pay nearly $2.7 million in fines and are prohibited from serving as officers of public companies or engaging in offerings of digital securities.
Jay Clayton said that ICOs should willingly follow securities laws which ensure higher protection of customers’ funds while eliminating fraud and manipulation.
China has banned all Security Token Offerings and all activities linked to them. The government wants to regulate the new tokens before legalizing them to eliminate cases of fraud.
Daria Generalova, Managing Partner at ICOBox and marketing, PR & communications expert, shares her vision of current ICO and STO landscapes, explaining which funding alternative boasts better potential.
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