Loan

TON Coin

Loan

TON Coin loans.
Borrow against TON.

Empower Your Crypto Journey with Cropty's Flexible Financing Solutions

What is TON Coin?

Apart from processing millions of transactions per second, TON blockchain-based ecosystem has all the chances to give rise to a genuine Web3.0 Internet with decentralized storage, anonymous network, DNS, instant payments and various decentralized services.

As the ecosystem expands, we see a huge potential of TON coin and numerous ways for it to work in the new economy. We expect it to go beyond a means of payment.

Stakes deposited by validators to be eligible to validate transactions and generate new blocks and coins. Voting power to support or oppose changes in the parameters of the protocol. Income (gas) paid to validator nodes as reward for processing transactions and smart contracts under the PoS consensus. Loans to validators extended against a share of their reward. Payment for services and options implemented by TON Services, TON Storage, TON DNS, TON Proxy, TON WWW. In particular, for bypassing censorship, storing data, hiding identity, using blockchain-based domain names.

How do loans backed by TON works

Crypto loans are a simple and clear solution for borrowers and investors. Loan seekers can use their cryptocurrency, securing loans in USDT, while remaining in ownership of their crypto-assets. It reduces any requirements for credit score checks and complex procedures, which leads to quicker and more cost-effective operations.

Investors have the ability to transfer their virtual currency, e.g. TON, into a secured account, operated by Cropty Wallet. As a middleman, Cropty leads the operations between loan borrowers and investors, guaranteeing a smooth and secure process. It acts as a dependable middle-party ensuring mutual entrustment, and ensuring that interests of both parties are safeguarded.

Loan seekers reap the benefits of this arrangement as it grants them the ability to access funds without the necessity of liquidating their crypto assets. This proves beneficial during unpredictable market shifts, aiding them to dodge potential financial mishaps. It also simplifies the loan-acquisition procedure, abolishing the need for credit assessments.

However, investors can profit from their cryptocurrency investments by earning returns on their deposited funds through loan repayments. This results in a win-win scenario where investors gain from their participation and loan applicants acquire funding.

Cropty is crucial in guiding the interaction between investors and loan seekers on the platform, utilizing blockchain technology to create secure transactions without intermediaries. This reduces the likelihood of fraud, thereby promoting a reliable environment for lending.

TON Coin 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 TON Coin? Borrow usd against TON Coin on Cropty

The process of getting an TON Coin cryptocurrency loan is quite simple. First, you need to create your account on Cropty, a platform that offers TON Coin cryptocurrency lending services. Then, you need to provide your TON 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 TON Coin 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 TON Coin? Borrow usd against TON Coin on Cropty

To authorize an TON Coin 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.

Learn more about TON Crypto Loans

TON Coin lending

More and more people who own TON Coin are using it as collateral to borrow money. This allows them to get cash from their investments without having to sell their coins. This lending framework is underpinned by the borrower's TON Coin valuation, delivering a trustworthy borrowing atmosphere. Borrowers are endowed with the instantaneous ability to secure a TON loan employing the funds across a wide array of needs, be it investing, settling bills, or even setting up their own enterprise. This revolutionized style of TON lending has unlocked assets leverage capacities and facilitated capital procurement.

TON as a collateral

TON Coin, also known as TON, has emerged as a favored option for loans backed by cryptocurrency. On platforms that provide TON Coin lending, people can choose to lend their TON Coins to get interest or borrow coins themselves. These loans let users use their TON Coin holdings to get cash quickly without selling their assets. Borrowers can take out loans in USD by using their TON Coins, which lets them keep their assets while having access to money. This makes their money more flexible and useful. But how do these TON coin loans actually work? Basically, people put up their TON coins as collateral, and depending on the value of those coins, they can get a loan. Payday crypto loans offer a quick way for people to get money fast without having to sell their TON coins.

Interest rates for loans secured by TON Coin.

At Cropty, we understand how important it is to have good interest rates.That's why we offer TON loans at a low interest rate of just 9%.With our fair rates, you can get cash quickly without having to sell your valuable cryptocurrency, whether you need it for personal or business reasons.

One unique feature of our crypto loans is how we manage the collateral. The borrower gets to keep the Tether USDT they borrow, but if they don't repay the loan, Cropty keeps the TON coins that were used as collateral. This makes the process fair and works smoothly for all parties involved. To protect against TON Coin dropping in value, Cropty has an automatic liquidation system.

If the value of the collateral goes below a certain level, the loan will be automatically liquidated. This helps both the lender and the borrower avoid losses if the market gets worse. We believe in being clear and easy to work with. Users can easily check the status of their loans through our simple and easy-to-use interface.

Borrowers can also add more collateral, pay back the loan early, or close the loan completely by paying the borrowed amount plus the interest.

If you're thinking about getting a loan using cryptocurrency, Cropty offers instant coin loans.With us, you can take a loan against TON Coin and use a trusted wallet to manage your loan safely. Our crypto-backed loans give you a quick and easy solution for your financial needs.

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Why choose TON Coin 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 TON Coin Crypto Loan?

Cropty TON Coin 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 TON Coin 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 TON Coin 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 TON Coin 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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