Press Release (ePRNews.com) - TALLIN, Estonia - Apr 25, 2019 - CoinLoan crypto-backed lending platform declares its intention to launch an Initial Exchange Offering and invites discussion with major crypto exchanges interested in the listing. The company considers IEO as an opportunity to receive extra attention and the necessary funding for the project.
What is CoinLoan?
The CoinLoan team started developing a P2P lending service for loans backed by cryptocurrency in October 2017 to open it in July 2018. Currently, it’s an operational platform with completely legal status and a constantly growing number of users.
CoinLoan is known as a platform with the most flexible lending conditions and unique features users can’t find anywhere else. To begin with, it has its own crypto exchange on the platform. Besides, CoinLoan allows users to set up loan terms in the widest range from seven days to three years, withdraw excess collateral from an active loan and much more. A unique list of cryptocollaterals available is also worth mentioning here. It’s possible to get a loan secured by BTC, ETH, LTC, CLT and XMR.
Why Start an IEO?
While IEO is the hottest new trend now, it is beneficial for all parties. Thanks to cross-promo, exchanges get their piece of the pie and share of the hype. Savvy investors can put up the money in a safe environment and earn some income. Projects that focused on tech, product and business development rather than on marketing have a chance to step out of the shadows.
“IEO is a significant opportunity to boost the platform growth, primarily in the field of product services expansion and global licensing,” comments Alex Faliushin, co-founder and CEO at CoinLoan.
“The project will use the funding from IEO to develop white label and SaaS solutions for corporate customers and to obtain an EMI license. B2B marketing, legal and management vectors will also require supplementary funding.”
To Sum Up: Right now, the CoinLoan team is busy preparing documentation and negotiating with potential partners. Listing proposals are warmly welcomed. Please email offers to firstname.lastname@example.org.
Join Telegram Chat to be the first to know about CoinLoan IEO updates. Source :