CoinLoan

CoinLoan is a crypto-lending platform, where anyone can issue and get a loan
backed by crypto-collateral. The platform is a meeting point for borrowers who seek to leverage their crypto-assets without selling them and lenders who wish to earn competitive interest with minimal risks.
== Company ==
CoinLoan company headquarters itself in Tallinn, Estonia, and for a good reason. Estonia is a European start-up and digitization paradise. This North-European country is one of the world's most crypto-friendly environments.
With the key members living in Tallinn, CoinLoan international team includes professionals from other countries in Northern and Central Europe.
CoinLoan has the status of a licensed financial institution CoinLoan Licenses & Certificates, and serves customers worldwide. 
== History ==
In 2014, an event occurred that later became an incentive for the company's creation. Alex Faliushin was forced to sell his bitcoins for about $400. There was no way at that moment, to save crypto-assets as a long-term investment and get the money for urgent needs. At the beginning of 2017, BTC tripled its price. 
Faliushin and his business partner, Max Sapelov, came up with the idea of using crypto as loan collateral. They evaluated the market and development potential; there was no competition yet.
In the first half of 2017, Faliushin, as CEO, and Sapelov, as CTO, started to build a team and develop the crypto-to-fiat lending platform called CoinLoan. SALT lending popped up, implementing a similar business model (with an opportunity to borrow only) concomitantly with CoinLoan.
In July 2018, the CoinLoan platform went life CoinLoan Opens Platform to Bridge Gap Between Lenders and Borrowers. It was the bearish year for bitcoin and the whole crypto-market. It revealed a lack of services for crypto-enthusiasts trying to hold their assets. In response to a market request, many crypto-backed lending companies emerged.
CoinLoan continued to develop and improve the platform progressively:
* December 2018 — crypto-exchange service appeared.CoinLoan Crypto Exchange Is Now Open It CoinLoan users now able to convert crypto to fiat and vice versa directly on the platform.
* March 2019 — dynamic collateral monitoring system created.CoinLoan Beats Volatility and Increases LTV Limit to 70% It allowed CoinLoan to lift the LTV limit to 70% and move a liquidation threshold beyond 90%.
* May 2019 — CoinLoan enabled Visa and MasterCard payments.CoinLoan Crypto-to-Fiat Lending Company Enables Credit Card Deposits 
* June 2019 — To supplement existing crypto-to-fiat loans, crypto-to-crypto lending options added.CoinLoan Enters the Crypto-to-Crypto Lending Market
* November 2019 — interest account service added.Earn 8% on Your Stablecoins With CoinLoan Interest Account It worked as a bank deposit and enabled users to earn fixed revenue for depositing crypto and fiat funds.
== Main Functions ==
==== Interest Account ====
Offers a fixed rate on crypto and fiat assets for parking them on CoinLoan.
==== Lending Platform ====
Allows users to find an appropriate loan offer/request or create a custom one with a desired interest rate, loan term, and amount.
==== Crypto Exchange ====
Enables users to buy or sell crypto quickly.
==== Affiliate Program ====
Rewards users for bringing newcomers to the platform.
== Fees Schedule ==
==== Borrowing ====
The borrowing fee is 1% of the overall loan principal amount. The CoinLoan platform provides two options for paying borrowing fee:
* In loan currency;
* In CoinLoan tokens (CLT) – 50% discount.
==== Lending ====
Lending is free.
==== Deposit ====
Deposits in crypto and fiat are free.
Deposits by Visa / MasterCard: 2 EUR + 4.2% (from deposit amount).
==== Withdrawal ====
Withdrawals in cryptocurrency and euro are free. Withdrawal fees for other fiat currencies are fixed, as shown on the official site.
==== Liquidation ====
The borrower is charged a liquidation fee in the amount of 5% of the liquidated loan collateral.
== Assets Security ==
CoinLoan focus on the development of their own security technologies. The company prefers to maintain cryptocurrency custody in-house rather than outsource security to a third party.Do We Store Your Crypto Assets Securely?
* All crypto-assets are stored in offline, cold, multi-signature wallets.
* Transaction signing only happens offline on separate devices that have never been connected to the network, and this process involves several people.
* The multi-signature process involves several keys (N) with a required quorum of any (M) keys. Thus, it’s not possible to sign the transaction using a single individual. Also, this system ensures that even losing one of the multi-signature keys, the user will never lose control over assets.
* Encrypted parts of the keys are stored in a geographically-distributed manner in the banks’ safe deposit boxes to prevent potential loss of the keys due to natural disasters, including floods, earthquakes, fires, etc.
== External Links == 
CoinLoan website
== References ==