With the desire to increase the value of CLT, CoinLoan launches the staking program with cosmic rewards for CLT holders.
When you own at least 125 CoinLoan tokens, you get promotional interest rates for all assets in the Interest Account. The more coins you have, the higher your rates. If you hold 2,500 CLT, you will be eligible to earn 10.3% on USDT and 7.2% on BTC. That’s +2% to our basic offer.
What is staking?
According to the Binance academy, staking is the process of holding assets to support its operations. Essentially, it consists of locking cryptocurrencies to receive rewards. In our program, we ask CoinLoaners to keep CLT, helping to enhance the coin's value and offer up to 2% to all interest rates as a bonus.
What is CLT?
How does the offer work?
There is no minimal staking time needed to get bonus rates. Within a day after deposit, all interest rates in the Interest Account will increase by 0,1% with every 125 CLT you hold:
- 125 CLT raises your Interest Account rates by 0.1%;
- 375 CLT — by 0.3%;
- 1,000 CLT— by 0.8%;
- 1,250 CLT — by 1%;
- 2,500 CLT — by 2%.
The maximum bonus is 2%, having more than 2,500 CLT won’t affect your interest rates anymore. In Figure 1 below, you can see the screenshot of the Interest Account page with a maximized interest rate. You can achieve this by holding 2,500 CLT.
Staked coins can’t be used for paying fees or getting a loan. However, you can instantly unstake them at any time and return your rates to basic values.
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