Loan

Major

Loan

Major loans.
Borrow against MAJOR.

Empower Your Crypto Journey with Cropty's Flexible Financing Solutions

What is Major?

The Major game is a star-collecting experience designed for Telegram users, blending elements of blockchain gaming with social interaction. Since its launch on July 3, 2024, it has quickly gained popularity, attracting over 50 million players and claiming the top spot on Telegram's Grossing Apps list.

In the game, players earn Stars through daily tasks, squad participation, and referrals. The Stars affect players’ rankings and, consequently, their share of the $MAJOR airdrop.

How do loans backed by MAJOR works

Crypto loans present an efficient option for both borrowers and lenders. Borrowers can obtain loans in USDT by leveraging their cryptocurrencies as collateral, all while retaining ownership of their digital assets. This approach removes the hassle of credit evaluations and paperwork, streamlining the entire process to be quicker and more cost-effective.

Lenders can securely place their cryptocurrencies, such as Major (MAJOR), into a specialized account on the Cropty platform. A custodian manages the relationship between borrowers and lenders, guaranteeing a secure transaction. They serve as a reliable third party, ensuring both sides' interests are safeguarded.

Borrowers gain from this arrangement by securing funding without the need to liquidate their cryptocurrencies. This is particularly advantageous during volatile market conditions, helping them avoid possible losses. The lending framework also simplifies the entire loan process and eliminates the need for credit evaluations.

Lenders receive interest from their allocated funds as loans are repaid. This enables them to benefit from their crypto holdings. It’s mutually beneficial, where borrowers access loans and lenders gain from their investment.

Cropty's platform carefully coordinates the engagements between borrowers and lenders, with blockchain technology securely supporting transactions, minimizing intermediary involvement. This setup mitigates fraud risks and fosters a secure lending space.

Major 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 Major? Borrow usd against Major on Cropty

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

To authorize an Major 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.

Major lending

Major lending has surged in popularity among cryptocurrency owners seeking to obtain funds. With Major loans, users can leverage their Major assets, granting them immediate liquidity while avoiding asset sales. These MAJOR loans are safeguarded by the value of the borrower's Major, creating a reliable lending atmosphere. Borrowers can now effortlessly secure a MAJOR loan and utilize these funds for diverse objectives, such as investing, settling bills, or launching a business. This groundbreaking approach to MAJOR lending has unveiled fresh possibilities for individuals to use their Major assets effectively and secure essential capital.

MAJOR as a collateral

MAJOR has emerged as a favored option for crypto-secured loans. With Major lending services, users can either borrow Major or lend it out to earn interest. These loans permit individuals to tap into their Major assets without having to sell them. Borrowers can also access loans in USD using MAJOR, offering them added flexibility and liquidity. So, how do loans using Major function? In essence, users secure their MAJOR as collateral, enabling them to obtain a loan based on its worth. These quick payday crypto loans offer a practical solution for those in need of accessible funds while keeping their Major investments intact.

Interest rates on loans secured by Major.

At Cropty, we recognize how vital it is to offer competitive interest rates. That's why we provide cryptocurrency loans at an appealing rate of only 9%. Whether you're seeking funds for personal needs or business ventures, our low-interest loans present an economical way to access cash without parting with your valuable cryptocurrencies.

One distinctive aspect of Cropty's crypto loans is our collateralization method. If a borrower fails to repay the loan, the collateral, Major, remains with Cropty, while the borrower retains the Tether USDT they received. This creates a fair and balanced recovery process that benefits both parties.

To mitigate the risks of Major's depreciation, Cropty employs an automatic liquidation system. Should the value of the collateral drop below a crucial level, the loan will be liquidated. This proactive strategy safeguards both the lender and the borrower against potential losses during market fluctuations.

Cropty prioritizes transparency and ease of use. Our clients can effortlessly check their loan product status through our intuitive interface. Moreover, borrowers can add extra collateral, pay off the loan early, or close the loan by settling the borrowed amount plus any accrued interest.

If you're curious about obtaining a loan through cryptocurrency, Cropty delivers instant coin loans. You can leverage Major and obtain Tether USDT. Our crypto-backed loans offer a fast and efficient solution for your financial requirements.

Borrow crypto

Why choose Major 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 Major Crypto Loan?

Cropty Major 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 Major 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 Major 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 Major 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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