Loan

TON Coin

Loan

TON Coin loans.
Borrow against TON.

Empower Your Crypto Journey with Cropty's Flexible Financing Solutions

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

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 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.

How to get a loan on TON Coin? Borrow usd against TON Coin on Cropty

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

TON Coin lending

Borrowing using TON Coin collateral has grown in popularity as a means for those with cryptocurrency to tap into financial resources. TON Coin loans let holders gain liquidity directly from their investments, eliminating the requirement to dispose of their assets. This lending framework is underpinned by the borrower's TON Coin valuation, delivering a trustworthy borrowing atmosphere. Borrowers are endowed with the instantaneous ability to secure a TON loan employing the funds across a wide array of needs, be it investing, settling bills, or even setting up their own enterprise. This revolutionized style of TON lending has unlocked assets leverage capacities and facilitated capital procurement.

TON as a collateral

TON Coin, also known as TON, has emerged as a favored option for loans backed by cryptocurrency. On platforms that offer TON Coin lending services, individuals can either lend out their TON Coins to earn interest or borrow coins. These loans provide a way for people to leverage their TON Coin assets to access immediate funding without necessarily liquidating their assets. Interestingly, borrowers can secure USD loans against their TON, enhancing liquidity and adaptable options. But, what's the operational method behind these TON Coin loans? Essentially, individuals pledge their TON Coins as security, and based on their coin's value, they can secure a loan. Payday crypto loans extend a handy alternative for those desiring prompt access to capital while still holding onto their TON Coin assets.

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.

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Why choose TON Coin 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 TON Coin Crypto Loan?

Cropty TON Coin 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 TON Coin 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 TON Coin 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 TON Coin 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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