What is TON Coin?
Apart from processing millions of transactions per second, TON blockchain-based ecosystem has all the chances to give rise to a genuine Web3.0 Internet with decentralized storage, anonymous network, DNS, instant payments and various decentralized services.
As the ecosystem expands, we see a huge potential of TON coin and numerous ways for it to work in the new economy. We expect it to go beyond a means of payment.
Stakes deposited by validators to be eligible to validate transactions and generate new blocks and coins. Voting power to support or oppose changes in the parameters of the protocol. Income (gas) paid to validator nodes as reward for processing transactions and smart contracts under the PoS consensus. Loans to validators extended against a share of their reward. Payment for services and options implemented by TON Services, TON Storage, TON DNS, TON Proxy, TON WWW. In particular, for bypassing censorship, storing data, hiding identity, using blockchain-based domain names.
How do loans backed by TON works
Crypto-powered loans deliver an uncomplicated resolution for loan seekers and investors. Loan seekers can leverage their digital currency, securing loans in USDT, whilst maintaining ownership of their crypto-assets. This mitigates any requirements for credit scrutiny and complex procedures, making operations quicker and more cost-efficient.
Investors have the capacity to transfer their virtual currency, such as TON Coin (TON), into a specific account operated by the Cropty platform. As a custodian, Cropty's platform supervises the dealings between loan seekers and investors, guaranteeing a seamless and secure process. It acts as a dependable middle-party ensuring mutual entrustment, and ensuring that interests of both parties are safeguarded.
Loan seekers reap the benefits of this arrangement as it grants them the ability to access funds without the necessity of liquidating their crypto assets. This proves beneficial during unpredictable market shifts, aiding them to dodge potential financial mishaps. It also simplifies the loan-acquisition procedure, abolishing the need for credit assessments.
On the other hand, investors receive returns on their deposited funds via loan repayments allowing them to gain profits from their crypto investments, resulting in mutually beneficial conditions where loan seekers secure funds, and investors profit from participation.
Cropty plays an essential part in directing the interplay between loan seekers and investors through the platform, with the aid of blockchain technology establishing secure transactions devoid of middlemen. This lowers any fraud probability, thus fostering a dependable lending atmosphere.
TON Coin Loan Calculator
Crypto Loans explained
How to get a loan on TON Coin? Borrow usd against TON Coin on Cropty
The process of getting an TON Coin cryptocurrency loan is quite simple. First, you need to create your account on Cropty, a platform that offers TON Coin cryptocurrency lending services. Then, you need to provide your TON 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 TON Coin 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.
To authorize an TON Coin 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 TON Crypto Loans
Interest rates for loans secured by TON Coin.
At Cropty, we comprehend the significance of optimal interest rates. Hence, we furnish loans by means of cryptocurrency at a remarkably competitive rate of 9%. Regardless of whether your financial requirements are personal or commercial, our affordable loan rates represent a financially prudent means to access liquidity while keeping your prized cryptocurrencies intact.
A distinguishing characteristic of Cropty's crypto loans lies in the collateralization procedure. In instances where a borrower fails to repay the loan, the TON collateral will remain with Cropty, while the borrower retains the Tether USDT that was extended to them. This approach ensures a fair and just method in loan recovery, catering to the best interests of all parties involved.
In order to mitigate the hazard of TON Coin depreciation, Cropty implements an automated liquidation mechanism. Should the worth of the collateral dip beneath a critical limit, the loan shall be liquidated. This forward-looking step safeguards both the lender and borrower against potential setbacks should market conditions detoriate.
We at Cropty take pride in fostering openness and effortless interaction. Users have the ability to effortlessly track the progress of their loan products via our easy-to-navigate user interface. In addition, borrowers hold the liberty to augment more collateral, repay the loan in advance of the deadline, or completely close the loan by settling the borrowed amount in addition to the accrued interest.
If you find yourself pondering over securing a loan utilizing cryptocurrency, Cropty provides immediate coin loans. With us, you have the opportunity to take a loan against TON Coin andmandated credible wallet with the loan equate braced neutrality. Our loans backed by cryptocurrency bring you a prompt and accessible answer for your financial obligations.