The user will not be blocked, h/shes collateral will be sold by the system to repay the debt. It will be able to borrow again in the future, no problem at all.

The borrower should repay in the same currency, but it can use another with the instant exchange.

We have published the complete FAQ with all hot questions answered. Please, let us know if we need to clarify other topics/questions.

https://medium.com/@coinloan/coinloan-complete-faq-1715c6411a6a

Our total soft cap is $3M. If we do not reach it, all funds will be returned.

What do you mean?

We are going to support different fiat currencies, languages and local payment methods. This will allow us to increase international audience.

Hi! Yes, sure, it's possible.

We have only a referral program with real-time transparent stats. You can add your referral link to the forums signature, post on Facebook/Twitter, etc. It's similar to Bounty campaign, except that you will be paid only for results.

What do you mean by "cheat"? How can this be possible?

50 million CLT tokens will be issued over the entire period and distributed among the participants of Pre-ICO, main ICO, SCO and the team with advisors. The tokens will be distributed as follows:
 - 10% (5 million) — Pre-ICO (Pre-Sale)
 - 50% (25 million) — ICO (Initial Coin Offering)
 - 30% (15 million) — SCO (Secondary Coin Offering)
 - 10% (5 million) — Reserve of the team and advisors.

All unsold tokens will be transferred to SCO.

Distribution of Tokens will take place after ICO end. You will be able to withdraw the purchased CoinLoan Tokens on an ERC-20 compatible Ethereum wallet.

We have only a referral program. You can find your referral link in your account (https://tokensale.coinloan.io). You will receive 5% from all token purchased by all people who have registered following the link.

We are going to support USD, EUR, GBP, CNY, JPY, RUB, CHF, PLN, CZK after the platform start.

The price will start from $2 at ICO and will be increased by 50% every week or after a lot of 5 million tokens are sold.

Yes, Estonia is crypto-friendly country.

Distribution of Tokens will take place after ICO end. You will be able to withdraw the purchased CoinLoan Tokens on an ERC-20 compatible Ethereum wallet set in the account settings.

Our company is CryptoFinance OÜ
Registry Code: 14337507
Address: Narva mnt 7-634, Tallinn city, Harju county, 10117, Estonia

The borrower pays the interest rate in the same currency as for repaying the loan (fiat or crypto).

We are sure that our platform will work perfectly without this feature.

We often receive this question. Here are the main differences:
1. CoinLoan project will be launched in Europe and licensed as a payment institution. This allows working legally and providing services all over the world, excluding those countries where a local license is needed. We will try to obtain a license in other countries (including those in Asia) depending on the amount of the raised funds.
2. Any individual or legal entity can act as a lender and provide loans or as a borrower and receive loans. No licenses are required for this.
3. The minimal amount of the loan on the platform is $50 (also expressed in other currencies). This allows providing microloans. The maximum amount is not limited.
4. All applications for providing and borrowing loans will be processed automatically and immediately.
5. CoinLoan Tokens (CLT) will be used for paying the fees on the platform for receiving and borrowing loans. They form an integral part of the system which provides the high demand for them at the market. 
6. The borrowers will be able to evaluate the risks related to the cryptoasset volatility and set the LTV (Loan-to-value ratio) at their sole discretion (from 10 to 70%).
7. Loans can be provided or borrowed in many fiat currencies (USD, EUR, GBP, CNY, JPY, RUB, CHF). This list will be extended as the platform is developed.
8. Various cryptocurrencies (Bitcoin, Ethereum, Litecoin, Ripple, Dash, Monero, ZCash) can be used as a collateral. This list will also be extended. We'll try to cover all popular cryptocurrencies with a high capitalization rate.
9. We will focus on convenient and fast methods of depositing/withdrawing fiat funds on the platform with a minimal fee. E.g., instant withdrawal on any bank card, local bank payments, conventional international SWIFT-transfers, etc.
10. We don't prohibit placing our tokens at the exchange, in fact, when ICO ends we'll try list the tokens on the largest crypto-exchanges.
11. Also, we'll try to provide the most profitable fees and lending conditions on the market.
12. Borrowers will have more discretion in different market conditions which affect the value of the cryptocollateral.