[NEW ICO] CoinLoan ICO Review & Summary

[IcoRhino]

The sole idea that you can use crypto funds as collateral is the superb way to apply the technology of blockchain and cryptocurrency.

In this matter, we salute the originality of the idea and how it fits perfectly with the currently popular technology.

Furthermore, they will use something called a CoinLoan Token (CLT), which is basically a cryptocurrency of their own that they sell in their ICO.

It is a type of token that is compatible with ERC-20 and that is based on the Ethereum smart-contract. Once you buy your CLT, you will later be able to use them as:

Paying the platform fees, as the platform will charge every loan.
Using them as every other crypto asset on the website – as collateral.
The main reason why we recommend buying CoinLoan Token (CLT) is that if you plan to use their services, CLT will have a slight advantage in comparison to other types of cryptocurrency.

If you use CLT as collateral, you will not have to pay the platform fee that you would have to pay with other crypto assets.

Furthermore, you will be able to raise the loan of the 80% of the current market value of CLT, whereas you will be able to raise 70% with other types of crypto funds.

Sure, just as every other ICO, this one is a bet when it comes to buying their tokens.

Their idea is interesting and they aim globally, which means that they will certainly hit some minor obstacles during their expansion.

Although the future is always unforeseeable, CoinLoan’s team provides a pretty strong white paper supporting their idea and how they plan to make it come true.

What we see as potential obstacles include a potential competition and reaching to the countries that still do not have the technology developed enough.

On the other hand, even if they manage to carry their platform into effect only in several countries with a strong economy, it will still become a very successful platform.

read more at https://icorhino.com/coinloan-ico-review/