Instant Crypto Loans: Unlock Your Funds
Loan
The Sandbox

The Sandbox loans.
Borrow against SAND.

Empower Your Crypto Journey with Cropty's Flexible Financing Solutions
Instant Crypto Loans: Unlock Your Funds

What is The Sandbox?

What is The Sandbox?
What is The Sandbox?

The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences using non-fungible tokens(NFTs) and $SAND, the platform’s utility token. Players can create digital assets in the form of NFTs, upload them to the marketplace, and integrate into games with The Sandbox Game Maker. The Sandbox virtual world is made up of LAND – digital pieces of real estate – in The Sandbox metaverse that players can buy to build experiences on top of.

How do loans secured by SAND work?

How do loans secured by SAND work?

Cryptoloan is a simplified solution for borrowers and investors. People seeking loans can pledge USDT as collateral while retaining ownership of the cryptocurrency. This eliminates the need for a credit assessment. No official documentation is required either. All of this speeds up and reduces the cost of the procedure.

Lenders can deposit their cryptocurrency, including Sandbox (SAND), into a dedicated account on the Cropty platform. An appointed custodian monitors transactions between lenders and borrowers, ensuring a secure loan arrangement mechanism. They act as a trusted intermediary, protecting the interests of both parties.

The advantages for borrowers include the ability to receive financial assistance without the need to liquidate their cryptocurrency assets. This is very useful in market volatility conditions and allows them to avoid potential losses. Loans of this type simplify the lending process and eliminate the need for credit history checks.

On the other hand, financial sponsors earn interest on their invested funds through loan repayments. This allows them to generate significant profit from their cryptocurrency assets. Thus, cryptocurrency loans are a mutually beneficial agreement where borrowers receive financing and sponsors earn returns from their participation.

The Cropty platform controls the interaction between borrowers and lenders, while blockchain technology ensures secure peer-to-peer exchanges. This reduces the likelihood of fraud and promotes a safe lending environment.

The Sandbox Loan Calculator

Crunch the Numbers and Discover Your Loan Potential
Tether USD
USDT
Interest rate
15% per year
Monthly Interest Amount
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Quarterly Interest Amount
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Yearly Interest Amount
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Crypto Loans explained
Crypto Loans explained

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 The Sandbox? Borrow usd against The Sandbox on Cropty

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

To authorize an The Sandbox 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 SAND Crypto Loans

Learn more about SAND Crypto Loans
Loans in the sandbox
Loans in the sandbox
The practice of obtaining liquidity through loans in The Sandbox holds a leading position in the world of cryptocurrencies. This innovative approach to lending offers instant financial resources by collateralizing The Sandbox assets, allowing users to avoid the need to liquidate ownership. These are SAND loans secured by the value of collateralized assets in The Sandbox, creating a foundation for borrowing. Anyone can quickly obtain a SAND loan and use this capital for various purposes, such as investments, bill payments, and even launching a new enterprise. This new wave of SAND lending reveals enduring opportunities for people to maximize their investments in The Sandbox to gain immediate financing.
SAND as collateral
SAND as collateral
Collateralizing crypto loans using The Sandbox, also known as SAND, has become a popular choice. On platforms supporting SAND, users have the freedom to apply for loans through SAND or use their stakes to earn interest. These loans provide instant funding without the need to liquidate assets. Additionally, the option to obtain a loan in US dollars backed by SAND increases their flexibility and cash availability. Wondering how these SAND-focused loans work? Users primarily collateralize their SAND stakes, determine their value, and based on this calculation, can receive a loan. Given the demand for fast and convenient capital, these instant crypto loans preserve investments in SAND while providing quick access to needed funds.
Interest rates on sandbox-backed loans
Interest rates on sandbox-backed loans

Interest rates on sandbox-backed loans

With Cropty on your side, access to affordable cryptocurrency loans becomes a reality. We offer loans tied to digital currencies at an attractive rate of 9%. This makes our solution economical and accessible for personal and corporate financial needs. It provides an extremely convenient opportunity to obtain funds without giving up your valuable cryptocurrencies.

An exclusive aspect of Cropty crypto-lending is the use of the collateral method. In case of loan default, the offered collateral SAND stays with Cropty, while the loan amount in Tether USDT remains with the borrower. This creates a mutually beneficial and fair debt recovery concept.

For effective protection against a potential drop in the value of The Sandbox, Cropty uses a built-in automatic liquidation tool. If the collateral value falls below a critical point, the loan is liquidated, providing protection for both the lender and the applicant from unexpected losses related to market fluctuations.

At Cropty, we adhere to the principles of simplicity and transparency. Our thoughtful, intuitive interface makes loan tracking easy for our participants. Borrowers have the option to top up collateral, repay the loan at any time, or close the deal by paying off the loan amount and accumulated interest.

Thinking about getting a loan using cryptocurrency? Cropty offers real-time loans. You have the opportunity to get a loan secured by The Sandbox and receive Tether USDT. Our blockchain-backed loans provide you with a fast and easy way to fulfill your financial obligations.

Why choose The Sandbox 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 The Sandbox Crypto Loan?

Cropty The Sandbox 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 The Sandbox 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 The Sandbox 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 The Sandbox 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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