Loan

Catizen

Loan

Catizen loans.
Borrow against CATI.

Empower Your Crypto Journey with Cropty's Flexible Financing Solutions

What is Catizen?

Catizen is a revolutionary gaming bot on Telegram that seamlessly integrates the Telegram x TON blockchain, transforming Web3 access by enabling practical mobile payments. By leveraging Telegram's immense traffic, Catizen aims to establish a Web3 traffic nexus on a scale of hundreds of billions. Catizen will become a mini-app center, combining the unique features of Launchpool with short videos and e-commerce, attracting and engaging users through gamification and strategic Play-to-Airdrop initiatives. This innovative approach aims to revolutionize the way users access and engage with the Web3 ecosystem.

How do loans backed by CATI works

Crypto loans provide an easy option for both borrowers and lenders. Borrowers can receive loans in USDT using their crypto as collateral while retaining ownership of their digital assets. This skips lengthy credit checks and simplifies the application, resulting in a quicker and more cost-effective experience.

Lenders can invest their cryptocurrencies, such as Catizen (CATI), into a designated account on the Cropty platform. A custodian manages the interactions between borrowers and lenders, ensuring a safe transaction process. They serve as a reliable intermediary, making certain that the interests of both parties are safeguarded.

Borrowers gain by securing funds without needing to liquidate their cryptocurrency. This is particularly beneficial during volatile market conditions, helping them avoid possible losses. The lending system streamlines the loan experience and eliminates the need for credit evaluations.

Lenders receive interest on their deposited amounts through loan repayments, allowing them to gain from their crypto holdings. It creates a mutually beneficial scenario where borrowers acquire loans and lenders reap rewards from their involvement.

The Cropty platform governs the interactions between borrowers and lenders, while blockchain technology guarantees secure transactions without the need for intermediaries. This greatly diminishes the risk of fraud, establishing a safe lending atmosphere.

Catizen 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 Catizen? Borrow usd against Catizen on Cropty

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

To authorize an Catizen 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.

Catizen lending

Catizen lending has emerged as a popular option for those who hold cryptocurrency and need cash. With Catizen loans, individuals can borrow against their Catizen assets, granting them quick access to liquidity without selling their holdings. These CATI loans are secured by the value of the borrower's Catizen, creating a reliable loaning framework. Now, borrowers can easily acquire a CATI loan and utilize the cash for different reasons, such as investing, covering expenses, or even launching a business. This creative method of CATI lending has unlocked fresh opportunities for people to make the most of their Catizen holdings and secure crucial funds.

CATI as a collateral

Catizen, also known as CATI, has gained popularity for crypto-backed loans. Through Catizen lending services, users can either borrow CATI or lend it out to earn interest. These loans enable people to access funds quickly by leveraging their Catizen assets, without needing to sell them off. Borrowers can even receive USD loans based on their CATI, offering them better flexibility and liquidity. But how do these loans operate? In essence, users set aside their CATI as collateral, and depending on its market worth, they can secure a loan. These instant crypto loans are a practical option for those who need quick financial access while still keeping their Catizen investments.

Interest rates for loans secured by Catizen.

At Cropty, we recognize how vital it is to have competitive interest rates. That's why we provide loans backed by cryptocurrency at an appealing rate of just 9%. Whether you're seeking funds for personal reasons or business endeavors, our low-rate loans offer an economical way to access cash without needing to sell your precious cryptocurrencies.

A standout aspect of Cropty's crypto loans is the collateralization method. If a borrower fails to repay, the collateral CATI stays with Cropty, and the borrower retains the Tether USDT they received. This method establishes a fair recovery process, ensuring both sides benefit from the arrangement.

To handle the risk of Catizen's value dropping, Cropty has built an automatic liquidation system. If the collateral's worth dips below a significant level, the loan will be liquidated. This timely strategy shields both lenders and borrowers from potential losses during market dips.

Cropty is committed to transparency and ease of use. Our platform allows users to effortlessly track their loan status via a user-friendly dashboard. Plus, borrowers can easily add more collateral, pay off the loan early, or settle the loan by paying the borrowed amount with any interest accumulated.

If you're curious about obtaining a loan using cryptocurrency, Cropty provides immediate coin loans. You can leverage Catizen to secure Tether USDT. Our crypto-backed loans are a fast and convenient solution to meet your financial needs.

Borrow crypto

Why choose Catizen 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 Catizen Crypto Loan?

Cropty Catizen 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 Catizen 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 Catizen 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 Catizen 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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