Tallinn, May 10, 2022 (GLOBE NEWSWIRE) —
Amid strong consumer demand, CoinLoan expanded its offering with Solana (SOL), one of the largest cryptocurrencies by market capitalization. This blockchain is growing rapidly, with SOL widely used as a staking tool and transaction fee. To mark the new offer, CoinLoan, an EU-licensed crypto lending platform best known for its unique service of providing fiat-to-crypto loans, is offering an attractive introductory offer in the first month of operation. ‘use.
Users who maintain interest-bearing accounts with SOL deposits are eligible for a 2% increase in APY for the first month. Additionally, current holders of CLT, a native token of CoinLoan, will enjoy a 9.2% increase in annual percentage yield.
Solana is now available in all major CoinLoan products:
- SOL can be used as collateral in instant loans in USDT, USDC, BUSD, TUSD, PAX, EUR, GBP, BTC and WBTC;
- SOL can be converted to crypto or fiat on the Crypto Exchange;
- SOL can be held on an interest account with up to 12.3% APY.
Commenting on Solana’s introduction, CoinLoan CEO Alex Faliushin said the company is always listening to private and corporate customers and aims to expand its offering with new digital assets. He explained CoinLoan’s vision of cryptocurrencies as a widely traded and easy-to-use investment asset, and this vision is achieved through three core products and continuous innovation. Alex expressed his great pleasure with the introduction of SOL, naming it one of the largest cryptocurrencies in the world by market capitalization that can provide customers with more options and benefits.
SOL is a native coin of Solana, a blockchain that supports smart contracts and enables fast, low-cost transactions. It uses the improved Proof-of-History (PoH) algorithm, taking conventional PoS to a new level.
Currently, there are over 25 digital assets, both cryptocurrencies and fiat, offered at CoinLoan, and this range is constantly being expanded for the benefit of users. CoinLoan was created by crypto enthusiasts who aim to be an integral part of the modern crypto ecosystem and want to share that desire with like-minded people. It is arguably an ideal platform for both new and existing users. The continuous improvement of services and products, from the addition of new coins to the introduction of unique features such as crypto-fiat loans, paves the way for a bright future for the company and its customers.
Launched in 2017, CoinLoan is a licensed crypto project in the European Union. The platform provides instant loans with crypto assets as collateral, interest account in crypto transactions and Crypto Exchange. Individuals and businesses have access to the full range of services, except as limited by applicable laws. Ensuring bank-grade security is CoinLoan’s top priority, so businesses and individuals can enjoy the highest level of protection.
Customer loyalty and satisfaction are achieved through great loan and APY rates, transparent pricing, and dedicated 24/7 support. CoinLoan users can trade and manage a wide range of assets, including platform-native tokens and fiat currencies, with more to be added soon.
CoinLoan places great importance on continuous innovation while using cutting-edge technology and developing partnerships. In this way, the company introduces constant improvements and offers its customers many opportunities in the field of crypto.
More information is available at https://coinloan.io/, and you can also follow us on Twitter, Facebook, Instagram, Linkedin, and Reddit.