CoinLoan Token (CLT) is an ERC-20 token based on the Ethereum blockchain and our native utility asset applied on the CoinLoan platform.
CoinLoan Token utilities
Origination fee discount
When setting up parameters for your loan, you are prompted to choose the origination fee option. You either pay a 1% fee in a loan currency or half of that amount if you use CLT as your origination fee currency.
Origination fee options — Web platform
CLT as collateral
You can use CoinLoan Token, among other currencies, as collateral. Get a loan in fiat, crypto, or stablecoins with CLT. We require no paperwork or credit history check.
CLT as collateral — Web platform
CLT Staking rewards for Fixed and Flexible Accounts
You can boost your interest rates by up to +1% to the standard ones for staking CLT.
CLT Staking for Fixed Account
Turn the CLT Staking option on when creating a Fixed Account and choose which bonus option suits you best: 0.25%, 0.5%, 0.75%, or 1%. Unstaking CLT is unavailable until the end of the period. Read more about CLT Staking for Fixed Account and the amounts of CLT you need to get each reward option here.
CLT Staking for Flexible Account
All your interest rates will increase by 0.05% with every 125 CLT you hold. You get the maximum reward of 1% for staking 2,500 CLT. Unstaking CLT is available whenever you need it. You can find more details about CLT Staking on Flexible Account here.
Exchange CLT for any currency
With CoinLoan Crypto Exchange, you can pair our token with any currency available on the platform, whether fiat, crypto, or stablecoins. See the complete list of currencies available on our Crypto Exchange here.
Exchanging CLT — Web platform