Loan

Notcoin

Loan

Notcoin loans.
Borrow against NOT.

Empower Your Crypto Journey with Cropty's Flexible Financing Solutions

What is Notcoin?

Notcoin is a cryptocurrency project with two main aspects:

Tap-to-earn game: This is a game on the Telegram messaging app where users can earn Notcoin tokens by simply tapping on a virtual coin. This gamified approach to earning crypto was a big hit and attracted millions of users to Notcoin.
Cryptocurrency: Notcoin (NOT) is the token used in the game. It's built on the TON blockchain, a blockchain specifically designed for the Telegram ecosystem. This allows users to trade their earned tokens beyond the game itself.

Overall, Notcoin is considered a GameFi token, meaning it integrates gaming with cryptocurrency to provide users with a way to earn digital assets while playing.

How do loans backed by NOT works

The process of getting an Bitcoin cryptocurrency loan is quite simple. First, you need to create your account on Cropty, a platform that offers Bitcoin cryptocurrency lending services. Then, you need to provide your BTC as collateral and specify the loan amount you want to borrow. The platform then evaluates your collateral and gives you access to the required amount of Tether USDT.

Your creditworthiness is determined based on the value of your collateral, making the process of getting a cryptocurrency loan fast and convenient.

However, it is important to remember that Bitcoin cryptocurrency loans are not without risks. In case you default on the loan, your collateral can be seized. Therefore, you should carefully assess your repayment capacity before taking out a cryptocurrency loan.

To authorize an Bitcoin Crypto Loan, you will need to go to Features tab → Loan section → Borrow button

Choose the required loan amount the terms and conditions of the crypto loan, and apply for it by confirming it with a code from 2FA - application or E-mail or Telegram-bot.

Notcoin Loan Calculator

Crunch the Numbers and Discover Your Loan Potential

Loan amount

USDT

Collateral Required

Interest rate

15% per year

Monthly Interest Amount

Quarterly Interest Amount

Yearly Interest Amount

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Crypto Loans explained

In our video, we take you on an exciting and informative journey into the realm of crypto lending and borrowing on the Cropty platform. Discover how this revolutionary system works, learn how to take out a loan, and explore the seamless process of loan repayment. Packed with valuable insights and tips, this video is your ultimate guide to harnessing the potential of crypto credit.

How to get a loan on Notcoin? Borrow usd against Notcoin on Cropty

The process of getting an Notcoin cryptocurrency loan is quite simple. First, you need to create your account on Cropty, a platform that offers Notcoin cryptocurrency lending services. Then, you need to provide your NOT as collateral and specify the loan amount you want to borrow. The platform then evaluates your collateral and gives you access to the required amount of Tether USDT.

Your creditworthiness is determined based on the value of your collateral, making the process of getting a cryptocurrency loan fast and convenient.

However, it is important to remember that Notcoin cryptocurrency loans are not without risks. In case you default on the loan, your collateral can be seized. Therefore, you should carefully assess your repayment capacity before taking out a cryptocurrency loan.

How to get a loan on Notcoin? Borrow usd against Notcoin on Cropty

To authorize an Notcoin Crypto Loan, you will need to go to Features tab → Loan section → Borrow button

Choose the required loan amount the terms and conditions of the crypto loan, and apply for it by confirming it with a code from 2FA - application or E-mail or Telegram-bot.

Notcoin lending

BTC-backed lending has emerged as a frequented route for digital currency asset holders to capitalize on. With Bitcoin-secured loans, individuals can leverage their holdings for immediate access to cash, eliminating the need to offload their assets. Such loans are secured by the borrower's Bitcoin value, offering a robust loaning landscape. It's now simpler than ever for borrowers to secure these loans, with goals ranging from investments, settling bills or kick-starting a business venture. This forward-thinking approach to borrowing has pave the way for numerous individuals to maximize their BTC assets and get hands on crucial finances.

NOT as a collateral

Crypto loans backed by Bitcoin, also known as BTC, have grown in popularity. Platforms for Bitcoin lending enable individuals to take out Bitcoin loans or offer their Bitcoin to generate interest. These arrangements permit borrowing using Bitcoin as security, allowing urgent access to capital without liquidating assets. Surprisingly, borrowers have the option to secure loans in USD against BTC, introducing versatility and easy cash flow. But how does this Bitcoin-centered lending function? In essence, borrowers place their BTC as a guarantee and the loan offered is determined by its value. These crypto-based cash advances provide a handy method for those who require quick capital while preserving their Bitcoin investments.

Interest rates for loans secured by Notcoin.

Cropty acknowledges the significance of providing competitive borrowing costs, hence we extend loans against digital currency at a compelling 9% interest proportion. Regardless of your goal, be it personal or for business operations, our economical loans grant an efficient strategy for gaining liquid cash without the necessity of disposing your prized cryptocurrencies.

One facet differentiating Cropty's blockchain-powered loans is our collateral-backed system. In the off chance of a borrower default, the collaterized Bitcoin stays with Cropty, meanwhile the debtor retains the issued Tether USDT. This constitutes an equitable structure that works for loan recoupment, benefitting all concerned parties.

Factoring in the possibility of Bitcoin taking a downturn, Cropty is armed with automated liquidation safeguards. When the collateral's performance slumps beneath its quantity indicator, auto-liquidation of the loan is enabled. This anticipatory step wards off detrimental losses for both the loaner and debtor incase of an unfavourable market swing.

In the details matter most to Cropty. Hence, users find immense value in our minimalist, navigable interface to track their loan status real-time. Offering a flexible arrangement, debtors can top-up their collaterals, prepay the loan, or conclude the loan agreement contingent on the settled amount plus interest accrued.

As for securing a loan against digital currency, opt for Cropty's expedited coin loans. Here, Bitcoin stands as your collateral leading to Tether USDT disbursement. Our blockchain-linked loans are designed for those keen on swift, hassle-free financial solutions.

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Why choose Notcoin Cropty Loan

Take advantage of limitless possibilities: Get any amount at any time with our unbeatable cryptocurrency line of credit.

Easy access to funds

By leveraging your crypto assets as collateral, you can quickly obtain loans without the need for extensive credit checks or income verification, making the process more efficient and accessible.

35+ Currencies

Choose your collateral from over 35 cryptocurrencies and borrow instantly from USDT.

No inspections!

Cryptocurrency loans allow you to access credit without checking your credit history.

Interest - hourly

We charge interest on the loan hourly. However, during the first hour after taking out the loan, you have the opportunity to repay it without any additional fees. This sets us apart from our competitors.

Lower interest rates

Because cryptocurrency loans are collateralized, lenders often offer lower interest rates than traditional unsecured loans, making them more cost-effective for borrowers.

Flash approval

Receive funds in the same minute without spending more than 3 taps

Maintain ownership of your crypto

With crypto-backed loans, you retain ownership of your digital assets while using them as collateral. This allows you to benefit from potential market growth and regain full control of your assets once the loan is repaid.

FAQ

What is Cropty Notcoin Crypto Loan?

Cropty Notcoin Crypto Loan is a secure, overcollateralized, and flexible loan product. Users can take loans by pledging their crypto assets as collateral. With Cropty, you don't have to worry about rehypothecation since we don't lend out your collateralized crypto to others.

How do I pledge my assets and start borrowing with Cropty Notcoin Crypto Loan?

To start, choose the crypto you'd like to pledge as collateral and the amount you'd like to borrow. Ensure you have sufficient crypto assets in your account to cover the required collateral. Once the process is complete, your collateral will be locked, and the loan will be transferred to your account.

What is LTV, and how much can I borrow from Cropty Notcoin Crypto Loan?

LTV (Loan-to-Value) represents the ratio between the value of the loan plus accrued interest and the value of your collateral. The LTV percentage determines how much you can borrow based on the collateral you pledge. For example, with a 50% LTV, if you pledge 1,000 USDT, you may borrow up to 500 USDT worth of assets.

Are there limits to how much I can pledge and borrow?

Yes, there are limits for each cryptocurrency. The maximum amount you can pledge or borrow depends on the specific crypto and may change periodically.

What is loan liquidation, and what is the liquidation LTV?

Loan liquidation occurs when the current LTV exceeds the liquidation LTV, which may happen if the collateral's value decreases or the loan's value increases. If liquidation occurs, you may lose some or all of your collateral.

What happens when a loan is liquidated?

When liquidation occurs, the outstanding loan amount will be repaid using the equivalent value of collateral. A partial liquidation happens when the liquidation doesn't fully cover the outstanding loan, and a full liquidation occurs when the entire loan is repaid using the collateral.

What is a margin call?

A margin call is a warning issued when your collateral-loan pair position reaches its margin call LTV. You can take action by adding more collateral or reducing the outstanding loan to lower the LTV.

Will I be notified in the event of margin calls or liquidations?

Yes, Cropty will send notifications via email and SMS in case of margin calls or liquidations. However, timely delivery of these notifications cannot be guaranteed.

What interest rate applies to my loan?

Cropty provides transparent interest rates for each cryptocurrency. Please refer to the platform for up-to-date interest rates.

How is interest accrued for my loan positions?

Interest accrues based on the total outstanding loan amount and the prevailing APR. The interest accrued is added to the total outstanding loan.

How do I repay my loan or adjust my LTV?

Use the 'Repay' or 'Adjust LTV' options in your account to repay loans or adjust collateral, respectively. You can only repay your loan using the same cryptocurrency you borrowed.

Which cryptocurrencies can I pledge or borrow on Cropty Crypto Loan?

Cropty Crypto Loan accepts a variety of cryptocurrencies as loanable and collateral assets. The list of available cryptocurrencies is updated periodically, so please refer to the platform for more information.

What can I do with the cryptocurrencies borrowed from Cropty Notcoin Crypto Loan?

You can use the borrowed cryptocurrencies for various purposes, including trading, investing, or withdrawing from the platform. The collateral you pledge remains with Cropty as security for the repayment of your loan.

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