Loan

The Sandbox

Loan

The Sandbox loans.
Borrow against SAND.

Empower Your Crypto Journey with Cropty's Flexible Financing Solutions

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 backed by SAND works

The concept of crypto-credit offers an uncomplicated solution for both lenders and borrowers. Borrowers can secure loans in USDT by leveraging their crypto assets as collateral, retaining ownership of their digital assets. This bypasses the need for rigorous credit checks and tedious documentation, thus expediting and economizing the process.

Lenders, on the other hand, have the option to place their crypto asset, for instance, The Sandbox (SAND), into an assigned account on the Cropty platform. A custodian manages the rapport between borrowers and lenders, affirming a protected procedure. They serve as an impartial mediator, safeguarding the interests of both parties.

The key advantage for borrowers is the ability to access funds without having to dispose of their crypto assets. This is advantageous during market irregularities, allowing them to steer clear of potential losses. The lending plan eases the loan procurement process and eliminates the demand for credit vetting.

Conversely, lenders garner interest on their pledged funds via loan repayments, permitting them to derive a profit from their cryptocurrency properties. It's a mutually beneficial situation where borrowers get access to loans, while lenders earn by partaking.

Cropty's platform administers the transaction between lenders and borrowers, and the utilization of blockchain technology warrants transactions devoid of intermediaries. This mitigates the chance of fraudulent activities and cultivates a secure lending ambience.

The Sandbox 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

Borrow crypto

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

The Sandbox lending

More and more cryptocurrency enthusiasts are turning to The Sandbox lending as a means of unlocking financial potential. The Sandbox loans offer users the chance to leverage their SAND holdings in return for instant cash flow, negating the necessity of selling off their digital assets. The SAND loans benefit from the security of being pegged to the value of The Sandbox assets of the borrower, promising a safe borrowing landscape. Whether for investing, settling bills, or kick-starting a business, a wide array of applications await the capital gained from a straightforward SAND loan. This avant-garde approach to The Sandbox loaning is paving the way for individuals to maximize their SAND holdings and acquire indispensable capital.

SAND as a collateral

Often used for cryptographic loans, The Sandbox, also known as SAND, is highly regarded. Its inherent lending facilities permit individuals to either borrow or lend their SAND to accrue interest. It provides a unique solution, where individuals can leverage their SAND assets for loans, assuring immediate fund availability without divesting their holdings. SAND owners even have the option to borrow in USD, offering enhanced liquidity and flexibility. Still puzzled about how these loans function? Essentially, SAND users collateralize their holdings to draw a loan equivalent to their value. Such crypto loans act as a hassle-free strategy for those desiring prompt fund availability yet preserving their SAND investments.

Interest rates on loans secured by The Sandbox.

At Cropty, we recognize the essential nature of competitive loan rates and thus offer crypto-backed loans at an encouragingly low-interest rate of 9%. Our economically viable loans offer an effective avenue for securing capital, whether for personal use or business needs, without having to give up your precious digital assets.

One distinct aspect of Cropty's crypto loans is the procedure of using SAND as collateral. This collateral stays with Cropty should the borrower fail to pay back the loan, allowing the borrower to retain the equivalent Tether USDT issued. This facilitates a balanced approach to loan recovery, providing equal benefits to all parties involved.

To mitigate the risk connected with the potential dip in The Sandbox's value, Cropty deploys an automated liquidation system. Should the collateral's worth slip below a certain limit, the loan will be swiftly liquated. This strategic approach safeguards both the lender and the loan recipient from significant financial burdens in case the market declines.

Transparency and user-friendliness are among Cropty's top priorities. Users have the ability to effortlessly keep tabs on their loan's status via our intuitively designed platform. Moreover, borrowers have the luxury of adding more collateral, paying off the loan early, or closing the loan by covering the borrowed sum plus the accrued interest.

Inquiring about how to secure a loan with your crypto assets? Cropty provides immediate coin loans. Borrow against The Sandbox and receive Tether USDT in return. Our crypto-collateralized loans provide a speedy, user-friendly solution for your financial requirements.

Borrow crypto

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.

Can't find the answer to your question? Visit our support center