Loan

Chiliz

Loan

Chiliz loans.
Borrow against CHZ.

Empower Your Crypto Journey with Cropty's Flexible Financing Solutions

What is Chiliz?

Chiliz (CHZ) is a digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement & rewards platform Socios.com. Fans can purchase & trade branded Fan Tokens as well as having the ability to participate, influence, and vote in club-focused surveys & polls. Chiliz aims to foster a blockchain ecosystem built for sports and entertainment.

How do loans backed by CHZ works

Crypto-financing provides a straightforward resolution for those seeking and providing loans. Borrowers have the option to secure loans in USDT by using their crypto holdings, such as Chiliz (CHZ), as a guarantee, while retaining ownership of their digital wealth. This method bypasses the need for extensive credit assessments and paperwork, accelerating and streamlining the lending process.

On the lending side, participants can park their crypto fortune, for example Chiliz, in an exclusive account on Cropty's platform. The custodian presides over the proceedings between borrowers and lenders, ensuring a robust and secure transaction process. They operate as a dependable intermediary, securing the rights of all parties involved.

Borrowers gain from this system by receiving monetary support without the need to sell off their cryptocurrency. During periods of market instability, this can be invaluable as it avoids potential losses. The methodology also simplifies the lending cycle and negates the necessity for credit validations.

Lenders increase their assets through interest repayments on their lent funds, thereby profiting from their cryptocurrency holdings. This creates an equally beneficial situation where borrowers obtain funds, and lenders earn favorable returns from their involvement.

The Cropty platform regulates the exchange between borrowers and lenders, with blockchain technology facilitating secure transactions without unneeded third parties. This technology significantly diminishes fraud risk and fosters a safe borrowing and lending climate.

Chiliz 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 Chiliz? Borrow usd against Chiliz on Cropty

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

To authorize an Chiliz 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 CHZ Crypto Loans

Chiliz lending

Lending with Chiliz has progressively become a favored alternative for crypto enthusiasts to secure funds. Utilizing Chiliz loans, individuals can get loans using their Chiliz assets as collateral, thereby offering immediate liquidity without selling their cryptocurrencies. These loans,iteratively termed CHZ loans, are secured by the borrower's Chiliz, thus promoting a secured loan system. Hence, anyone can swiftly access a CHZ loan and can use these finances for diverse purposes, such as investments, bill payments or launching a startup. The emergence of this CHZ lending model has created new avenues for individuals to make use of their Chiliz capital and tap into urgently required finances.

CHZ as a collateral

Undeniably, Chiliz (CHZ) has emerged as a preferred choice for crypto-secured loans. Platforms that offer Chiliz as a foundation for lending enable users to not only borrow but also lend their Chiliz in return for interest. Such loans empower individuals by allowing them to leverage their Chiliz possessions, thus guaranteeing immediate fund availability without having to liquidate their holdings. This scenario even extends to borrowing in USD against CHZ, ensuring financial fluidity and flexibility. How, then, do these Chiliz-based loans operate? At their core, users pledge their CHZ as collateral, and depending upon its worth, they qualify for a loan. Consequently, these emerging payday crypto loans offer a handy bridge to quick money while upkeeping their Chiliz investments.

Interest rates for loans secured by Chiliz.

At Cropty, we emphasize offering competitive rates for our loans backed by cryptocurrency, prominently featuring a superb rate of 9%. Regardless of whether you require capital for individual or business ventures, our low-interest crypto loans provide a cost-efficient method for obtaining cash while holding onto your precious digital currencies.

A particular feature with Cropty’s crypto loans is the idea of collateralization. Should a borrower fail to meet loan repayments, the CHZ collateral remains with us at Cropty, and the borrower retains the issued Tether USDT. This structure guarantees an equitable path for retrieving debts, advantageous to all involved parties.

Mitigating the danger linked with Chiliz devaluation, at Cropty we employ a self-activating Liquidation Mechanism. If the worth of the provided collateral reduces beyond a defined limit, liquidation of the loan is triggered. This not only safeguards both lender and borrower from prospective losses in a market decline but also encourages proactive measures.

Another inherent quality at Cropty is our dedication to transparency and user comfort. Our clients can effortlessly supervise the status of their crypto loans via our interactive user interface. Additionally, partners have the leverage to increase their collateral, settle the debt before due, or cease the loan by settling the borrowed sums and accompanying interest.

Should the question arise about acquiring a loan with cryptocurrency, Cropty has the answer with our swift coin loans. Here you can lend against Chiliz and receive Tether USDT. Our digital-currency affiliated loans offer a prompt and user-friendly financial solution that suits your fiscal requirements.

Borrow crypto

Why choose Chiliz 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 Chiliz Crypto Loan?

Cropty Chiliz 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 Chiliz 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 Chiliz 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 Chiliz 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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