CoinLoan, a P2P lending platform, is preparing to start the Initial Exchange Offering. Through IEO, the team intends to promote the project and to attract necessary investments. The company announced an open call for the leading crypto exchanges interested in the collaboration.
CoinLoan Story In a Nutshell
In October 2017 the CoinLoan company was launched in Estonia. In July 2018 it opened a peer-to-peer platform to provide a crypto-to-fiat lending service. With minimal funding, the CoinLoan team managed to develop the product with unique functionality and the most flexible lending/borrowing conditions on the market. For instance, users can choose a loan term in a wide range from seven days to three years from a minimum amount of $100. The maximum amount is unlimited.
There are some unique features, such as CoinLoan Crypto Exchange and Advanced Loan Offers. The first option enables trading with no need to leave the platform while the other one allows multiple borrowers to share one offer and makes lending more convenient for both sides.
Opportunities that IEO Provides
Initial Coin Offering is a new trend that creates a win-win for all parties. It’s the opportunity for advanced crypto holders to increase equity in a safe area. Promising startups have a chance to attract the necessary resources for project development. Service consumers, at the same time, benefit from increased use of the platform.
According to Alex Faliushin, the co-founder and CEO at CoinLoan, IEO is a significant opportunity to force the platform growth, primarily in the field of product services expansion and global licensing.
“The investments attracted during IEO will be used to develop the white label and SaaS solutions for corporate customers and to obtain an EMI license. B2B marketing, legal and management vectors will also require additional funding”, concluded Alex Faliushin.
CoinLoan’s Open Call
Currently, the CoinLoan team is looking for new partnerships and preparing for listing.
Listing proposals are warmly welcomed. Please email offers to hello@coinloan.io.
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