AltTokens

Month: January 2023

Buy cryptocurrency for the long term

Posted on by altokens

Without unnecessary introductions, let’s go straight to the question can I get a loan for bitcoin? Let’s start by looking at the first way of making money from cryptocurrency. The fact is that top coins are steadily rising in value. Yes, sometimes there are drawdowns, but in general, if you predict the trend, you can significantly increase your capital with promising investments.

The best example is Bitcoin. In 2009, 1,000 BTC was worth 0.003 USD. Those are ridiculous figures. Except in November 2021, the price of 1 BTC rose to a peak of 68,000 USD. Moreover, in the middle of 2020, for one coin on the exchange, they gave 12 thousand USD. Altogether, it was possible to earn in a year a little bit of 56 thousand USD of profit on one Bitcoin.

There are other examples. Say, 1 ETH in 2019 could be bought at times for 100 USD. And at the end of 2021, it was already trading at more than 4,500 USD per 1 ETH. At the moment (July 2022), the Ether has strongly depreciated, it is trading at around 1,600 USD per ETH. But at the same time, the asset has already gained more than 600 USD since June, and the trend is upward. There are many such examples. They all clearly show that cryptocurrencies are growing in value.

Long-term earnings on cryptocurrency include investments lasting more than 1 month. That is, having bought Ether in June, you could now earn 600 USD per coin.

  • Advantages: potentially high profits, it is possible to reduce the risk by investing in a portfolio of cryptocurrencies, no deep knowledge of technical analysis is needed.
  • Disadvantages: with strong quotes drawdown, there is a risk of losing a lot of money, and knowledge of fundamental analysis is required.

Binance Loans

Cryptocurrency exchange Binance once again expanded its functionality – launched the service Binance Loans, which, of course, is relevant on the wave of the growing popularity of loans secured by cryptocurrency.

Features of the site:

  • The loan is issued in stablecoins USDT and BUSD.
  • The daily interest rate is 0.0305% to 0.031% for USDT and 0.028% to 0.0285% for BUSD. Also, all users receive a 20% discount from March 31 to April 14, 2020.
  • BTC or ETH can be deposited as a deposit.
  • Minimum pledge amount is 100 USDT, maximum 10 million USDT.
  • Loan term is user selectable from 7 to 90 days. The 90-day loan has an interest rate slightly higher than the others. If you repay the loan earlier, the interest will be calculated based on the actual duration of the loan.
  • At any time, you can add or remove some collateral, adjusting the LTV.
  • Any registered user can take a loan.
  • The borrowed funds are allowed to be used for trading on Binance.

If payment is overdue, then three additional days are given, during which an additional interest is charged (three times the normal rate). If, even after three days, the payment is not repaid, the exchange takes away the remaining deposit at that time.

The problems of the crypto market

The company has been using business-grade hardware for the past four years. It can support more than 8,000 nodes for 70+ blockchain networks, including Solana, Cosmos, Tezos, Polygon, and Cardano.

Everstake employs more than 125 experts from around the world and has participated in the development of complex blockchain products such as Metaplex. The development team has created a potentially multi-billion dollar project for the global decentralized financial market.

The idea is simple: give users of the cryptocurrency industry the ability to make deposits from any token. For the first time, cryptophones will be able to reuse tokens that are already in their wallets.

Crypto participants are well aware of this problem. Its essence is as follows:

  • many tokens people have bought in the hope that they will go up in value;
  • most of those tokens have fallen in price for a variety of reasons;
  • millions of crypto fans are waiting for the price of their assets to return to pre-crisis values.

As a result, billions of tokens are sitting in their wallets for no good reason. Rewater can solve this problem.

Crypto platform: Coinloan

CoinLoan is a fully automated platform and one of the most technically advanced in the cryptocurrency market. With a wide range of digital assets, CoinLoan customers have maximum flexibility in choosing the currency that best suits their needs.

CoinLoan benefits:

  • Improved overall application performance through software upgrades.
  • Improved security by upgrading component versions.

CoinLoan has implemented a cryptocurrency storage strategy, creating a wallet that meets their business needs for security and reliability, as well as the flexibility to move digital assets.

Crypto platform: Nebeus

Nebeu is a platform that combines cryptocurrency and banking capabilities. It allows you to work with cryptocurrency funds – buy, sell, store, borrow bitcoin or lend. Operates since 2014, providing convenient customer-oriented service and following the trends of the developing crypto market.

Site Features:

  • Interest rate of 6.12% or 16.25% per annum, depending on the selected loan program.
  • Bitcoin, ether, or Nebeus tokens are used as collateral.
  • Minimum pledge is 0.006 BTC, 0.3 ETH.
  • Maximum deposit 30 BT, 1500 ETH.
  • Funds are credited to the account in EUR within 30 seconds. If the money is not received within a day due to the fault of Nebeus or the payment system, the period of credit will be extended for that time.
  • User deposits are stored in cold wallets.
  • No proof of identity is required, and it doesn’t matter what country you are from or what your credit history is.
  • Available credit is 72% of collateral at an interest rate of 6.12%, and 85% at an interest rate of 16.25%.

Nebeus’ terms are considered one of the most comfortable in the industry and give you a lot of control over your cryptocurrency assets. One of the main advantages is the instant delivery of euros to your account.

What is Rewater

It allows you to reuse your assets and be rewarded for doing so. Thus, during a long crypto winter, Rewater gives a boost to the entire crypto industry.

The financial component is not the only one in the project. Another important aspect of Re:water is gamification and social mechanics. We are talking about competition for revenues, conflicts, groupings, and alliances. All of the aforementioned allows us to say that the first social network for finance has already been created… You can read more about the mechanics and reuse your crypto-assets on the website.

Conclusion

CoinLoan is an international fintech project. The project team has been working remotely since day one and is spread across different countries. Despite this, they managed to develop the industry of loans secured by digital assets.

USDC interest rates

Posted on by altokens

The USDC (USD Coin) is a stablecoin that seeks to maintain a 1:1 parity with the U.S. dollar, backed by reserves of the greenback held in accounts at multiple banks. It is designed to provide users with a safe and secure store of value on the Ethereum blockchain as well as a means of transferring assets between individuals and organizations. Given its stability, USDC interest rates are relatively low compared to other cryptocurrency investments, but it can still be an attractive option for those who seek reliable returns without taking on excessive risk.

When considering USDC interest rates, one should consider both their current rate as well as historical trends. Currently, the annual percentage yield (APY) for USDC deposits is 0.00% – 0.25%. This rate may be subject to change depending on market conditions and other factors. However, when compared to traditional savings accounts offered by major banks in the United States, this rate is significantly lower than what those institutions offer – typically ranging from 0.01% – 0.05%.

Historically speaking, USDC interest rates have been fairly consistent over time since its launch in 2018. Throughout last year (2020), average yields ranged from 0% – 0.20%, fluctuating only slightly from month to month without any major spikes or declines in rates during that period of time.

When investing in USDC or any other cryptocurrency asset, it’s important to understand the risks associated with such an investment prior to allocating funds into it – including price volatility and liquidity risks among others – but due to its stability relative to most digital assets and low cost for entry compared to more traditional investments like stocks and bonds, it can still be an attractive option for those seeking passive income with minimal capital commitment and maximum potential returns over time thanks to compounding results from reinvestment of earnings generated from deposits over longer periods of time .

Overall, while USDC interest rates may not be particularly impressive at first glance given their low APY range relative to traditional savings accounts or money markets accounts offered by financial institutions today, they are nevertheless an interesting alternative for investors looking for consistent returns that come with minimal risk alongside the benefits provided by blockchain-based digital assets – especially when combined with other crypto assets like Bitcoin and Ethereum using a strategy known as diversification that seeks maximize rewards while limiting downside losses through diversifying exposure into various asset classes instead of solely focusing on one type of investment vehicle like stocks or bonds alone.

It should also be noted that USDC interest rates may vary from institution to institution, so those looking to get the most out of their investments should consider shopping around for the best rate before committing funds into any one particular platform. Additionally, while USDC is a stablecoin and thus more predictable than other digital assets, it still carries certain risks that should be recognized prior to investing in it such as liquidity and counterparty risk as well as price volatility over time – all of which should be taken into account when evaluating potential returns. With this in mind, investors can ensure they make the most out of their investments while minimizing downside losses with careful research and proper risk management strategies.

Ultimately, USDC interest rates are an attractive alternative to traditional savings accounts or money markets at the moment, especially given the promise of stability and low risk that come with it. Therefore, those looking to get into investing in digital assets should consider allocating a portion of their portfolio into USDC and other digital currencies to diversify their investments and potentially maximize returns over time. By educating themselves on the risks and rewards of investing in such asset classes as well as being aware of current market conditions, investors can rest assured they’re taking the right steps towards achieving success in their financial endeavors.

Decentralized Market

Posted on by altokens

A decentralized market is one in which technology allows investors to connect with each other directly, without going through a centralized exchange. Cryptocurrency markets are examples of decentralized markets.

Decentralized markets use digital devices to communicate and instantly show bid/ask prices. With this method, buyers, sellers, and dealers don’t need to be in the same spot to trade securities.

 Examples of Decentralized Markets

Forex Market

Unlike stocks and bonds, which have one central location ( Wall Street in the U.S.), forex currencies are traded all over the world on many different exchanges. Because of this, there is no one physical place where you can buy or sell them. Instead, traders use the internet to check currency quotes from around the globe.

Real Estate

Most real estate is sold in a decentralized market, where buyers and sellers connect with each other directly to make deals, without going through an intermediary.

Types of Securities

Some bonds and securitized products can also be bought through decentralized markets.

 

Blockchain technology and cryptocurrency have given rise to decentralized markets, which are not subject to government regulation. Some people believe this is a good thing because it makes transactions more secure and trustworthy.

Some people in positions of power have discussed ways to potentially regulate the use of decentralized currencies, which has caused alarm among fans of virtual markets. The reason for this consternation is that such regulation would likely result in a loss of anonymity and direct control over transactions–two features that are currently seen as advantages.

Decentralized currency refers to bank-free methods of transferring wealth or ownership without needing a third party, most often used in virtual markets. An example of decentralized currency is bitcoin–the “coinage” used on the Bitcoin platform.