With the desire to increase the value of CLT, CoinLoan launches the staking program with cosmic rewards for CLT holders.
When you own at least 125 CoinLoan tokens, you get promotional interest rates for all assets in the Interest Account. The more coins you have, the higher your rates. If you hold 2,500 CLT, you will be eligible to earn 10.3% on USDT and 7.2% on BTC. That’s +2% to our basic offer.
What is staking?
According to the Binance academy, staking is the process of holding assets to support its operations. Essentially, it consists of locking cryptocurrencies to receive rewards. In our program, we ask CoinLoaners to keep CLT, helping to enhance the coin's value and offer up to 2% to all interest rates as a bonus.
What is CLT?
CLT or CoinLoan token is our utility token, used for paying platform fees and securing loans. You can buy CLT on CoinLoan Crypto Exchange directly, or on HotBit, YoBit, Tokpie, or Latoken exchanges.
How does the offer work?
To boost your APY, sign up for CoinLoan and deposit CLT to the Staking Account on the Interest Account tab.
There is no minimal staking time needed to get bonus rates. Within a day after deposit, all interest rates in the Interest Account will increase by 0,1% with every 125 CLT you hold:
- 125 CLT raises your Interest Account rates by 0.1%;
- 375 CLT — by 0.3%;
- 1,000 CLT— by 0.8%;
- 1,250 CLT — by 1%;
- 2,500 CLT — by 2%.
The maximum bonus is 2%, having more than 2,500 CLT won’t affect your interest rates anymore. In Figure 1 below, you can see the screenshot of the Interest Account page with a maximized interest rate. You can achieve this by holding 2,500 CLT.
Staked coins can’t be used for paying fees or getting a loan. However, you can instantly unstake them at any time and return your rates to basic values.
??CoinLoan is a crypto lending platform, operating in the market since 2017. The company's regular customers include traders and miners, investment funds, private investors, and thousands of other crypto enthusiasts. Visit our home page and get to know the CoinLoan lending platform a little better.
If you have any questions, don't hesitate to ask in the comments below!
