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energycrypt
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October 24, 2017, 01:18:48 PM |
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Does the borrower have to repay a loan using the same currency or can any other currency be used?
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ferrum83
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Activity: 154
Merit: 10
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October 24, 2017, 01:25:15 PM |
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Does the creditor receive the crypto-currency from the pledge If the borrower hasn’t paid off? Will he be able to exchange it for fiat funds inside CoinLoan and withdraw it from the system to his e-wallet?
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coinloan (OP)
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October 24, 2017, 01:41:34 PM |
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Does the borrower have to repay a loan using the same currency or can any other currency be used?
The borrower should repay in the same currency, but it can use another with the instant exchange. |
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AurihanGB
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October 24, 2017, 01:43:10 PM |
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Is it difficult to verify an account in CoinLoan? What documents daes the user have provide in order to obtain a work permit?
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blackbitum
Member
Offline
Activity: 103
Merit: 10
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October 24, 2017, 01:58:28 PM |
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Good afternoon. Will CoinLoan be available in Russia after its launch? If no, when do you plan to launch it in this country?
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coinloan (OP)
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October 24, 2017, 01:59:29 PM |
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If a CoinLoan user has not paid off a loan, will he be blocked or will he be able to borrow again in the future?
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. |
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coinloan (OP)
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October 24, 2017, 02:04:38 PM |
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Good afternoon. Will CoinLoan be available in Russia after its launch? If no, when do you plan to launch it in this country?
Yes, sure! CoinLoan will be available in most countries of the world, including Russia. |
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hollybit
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October 24, 2017, 02:19:38 PM |
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Will legal entities be able to borrow on your platform? Will they need to provide additional documents for this after registration?
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coinloan (OP)
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October 24, 2017, 02:28:15 PM |
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Will legal entities be able to borrow on your platform? Will they need to provide additional documents for this after registration?
Absolutely. Any legal entity or individual can use our platform without any licenses. |
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coinloan (OP)
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October 24, 2017, 03:00:44 PM |
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Hello! Who do you consider issuing a loan for fiat funds on security of crypto-currency to be more profitable than selling crypto-currency?
Depending on the market situation, crypto-asset kind, loan term and LTV - it should be more profitable in the long-term perspective. |
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coinloan (OP)
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October 24, 2017, 07:50:39 PM |
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Is it difficult to verify an account in CoinLoan? What documents daes the user have provide in order to obtain a work permit?
The standard KYC procedure will be required depending on the transaction amount. |
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coinloan (OP)
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October 24, 2017, 08:15:06 PM |
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What is the average annual interest on the loan in CoinLoan? Will its growth depend on political and economic circumstances?
The platform will not provide a pre-set interest rate. It will be fully market-dependent. The lender will set the interest rate in his/her loan application and the borrower will state the desired interest rate for getting a loan. The system will automatically bring the matching applications together. |
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coinloan (OP)
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October 24, 2017, 09:52:19 PM |
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What happens to the loan if the value of the crypto-currencies which serve as collateral drops sharply and ceases to cover the amount of debt?
You can read more about this in our White Paper https://tokensale.coinloan.io/ starting from page # 12. |
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hunterofmoney
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October 25, 2017, 05:29:10 AM |
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Can the lender and the borrower contact Inside the CoinLoan service? Will only text chat be available? Do you plan to introduce voice communication between users?
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bit679
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October 25, 2017, 06:01:37 AM |
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How will CoinLoan algorithms calculate the recommended interest rates?
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g8stTDas
Member
Offline
Activity: 224
Merit: 10
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October 25, 2017, 06:43:22 AM |
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Will the lender be able to replenish his balance with fiat funds using WebMoney?
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coinloan (OP)
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October 25, 2017, 07:02:45 AM |
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Will the lender be able to replenish his balance with fiat funds using WebMoney?
Currently, we are not planning to support WebMoney as a deposit method. |
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coinloan (OP)
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October 25, 2017, 07:38:05 AM |
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How will CoinLoan algorithms calculate the recommended interest rates?
Our system will analyze all active orders/applications from lenders and borrowers. |
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polonium84
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October 25, 2017, 08:13:01 AM |
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Does the lender have a right to set the interest rate above or below the recommended by CoinLoan system?
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