Loan

TON Coin

Loan

TON Coin loans.
Borrow against TON.

Empower Your Crypto Journey with Beast's Flexible Financing Solutions

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How do loans backed by TON works

Crypto loans provide an easy solution for both borrowers and lenders. Borrowers can secure loans in USDT by leveraging their cryptocurrency as collateral while still retaining ownership of their digital assets. This approach removes the need for credit evaluations and extensive paperwork, streamlining the process to be quicker and more cost-effective.

Lenders can place their cryptocurrency, including TON Coin (TON), into a specialized account on the Beast platform. A custodian manages the transactions between borrowers and lenders, ensuring a safe experience. They serve as a reliable intermediary, safeguarding the interests of both parties.

Borrowers gain access to funds without offloading their cryptocurrency, which is particularly advantageous during market volatility, allowing them to sidestep possible losses. The lending setup also simplifies the borrowing process and eliminates the requirement for credit assessments.

Lenders can earn interest from their funds via loan repayments, allowing them to capitalize on their cryptocurrency investments. It's mutually beneficial, with borrowers receiving loans and lenders reaping rewards from their involvement.

The Beast platform oversees the interactions between borrowers and lenders, and blockchain technology guarantees secure transactions free from middlemen. This minimizes the risk of fraud, fostering a secure lending atmosphere.

TON Coin Loan Calculator

Crunch the Numbers and Discover Your Loan Potential

Loan amount

USDT

Collateral Required

Interest rate

15% per year

Monthly Interest Amount

Quarterly Interest Amount

Yearly Interest Amount

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Crypto Loans explained

In our video, we take you on an exciting and informative journey into the realm of crypto lending and borrowing on the Beast platform. Discover how this revolutionary system works, learn how to take out a loan, and explore the seamless process of loan repayment. Packed with valuable insights and tips, this video is your ultimate guide to harnessing the potential of crypto credit.

How to get a loan on TON Coin? Borrow usd against TON Coin on Beast

The process of getting an TON Coin cryptocurrency loan is quite simple. First, you need to create your account on Beast, a platform that offers TON Coin cryptocurrency lending services. Then, you need to provide your TON as collateral and specify the loan amount you want to borrow. The platform then evaluates your collateral and gives you access to the required amount of Tether USDT.

Your creditworthiness is determined based on the value of your collateral, making the process of getting a cryptocurrency loan fast and convenient.

However, it is important to remember that TON Coin cryptocurrency loans are not without risks. In case you default on the loan, your collateral can be seized. Therefore, you should carefully assess your repayment capacity before taking out a cryptocurrency loan.

How to get a loan on TON Coin? Borrow usd against TON Coin on Beast

To authorize an TON Coin Crypto Loan, you will need to go to Features tab → Loan section → Borrow button

Choose the required loan amount the terms and conditions of the crypto loan, and apply for it by confirming it with a code from 2FA - application or E-mail or Telegram-bot.

Learn more about TON Crypto Loans

TON Coin lending

Lending with TON Coin has gained significant traction among cryptocurrency enthusiasts seeking funds. With TON Coin loans, users can obtain money by leveraging their TON Coin assets, offering immediate liquidity without having to liquidate their investments. These loans are secured by the worth of the borrower’s TON Coin, creating a reliable lending framework. Now, borrowers can conveniently secure a TON loan and utilize the cash for diverse needs, such as investing, covering bills, or launching a business. This groundbreaking approach to TON lending has unveiled fresh possibilities for individuals to capitalize on their TON Coin assets and access essential financial support.

TON as a collateral

TON Coin, known as TON, has gained much traction for crypto-backed lending. Through TON Coin lending platforms, individuals can either take out loans in TON Coin or lend their TON to earn interest. These loans enable users to use their TON Coin assets as collateral, granting them immediate access to funds without needing to liquidate their holdings. Furthermore, borrowers have the option to secure loans in USD against their TON, offering them added flexibility and liquidity. So, how do TON Coin loans function? Essentially, by locking their TON as collateral, users can receive a loan based on its valuation. These quick crypto loans are a practical option for those needing swift access to funds while keeping their TON Coin investments intact.

Interest rates for loans secured by TON Coin.

At Beast, we recognize how crucial it is to have competitive interest rates. That's why we provide cryptocurrency loans at an appealing rate of 9%. Whether you're looking for funds for personal use or business ventures, our low-interest loans are a cost-effective way to gain liquidity without needing to sell your valuable cryptocurrencies.

A standout aspect of Beast's crypto loans is the collateralization process. In cases where a borrower cannot repay, the collateral TON stays with Beast, while the borrower retains the Tether USDT they've received. This method ensures that the loan recovery process remains fair and beneficial for both parties.

To tackle the risks of TON Coin losing value, Beast has implemented an automated liquidation system. If the collateral’s value dips beneath a certain point, the loan will be liquidated. This preventive action safeguards both the lender and the borrower against potential losses during market declines.

Beast prioritizes transparency and ease of use. Our clients can track the status of their loan products through our intuitive interface. Additionally, borrowers have the option to add more collateral, pay off their loans early, or close the loan by settling the borrowed sum plus any interest accrued.

If you're curious about acquiring a loan via cryptocurrency, Beast provides immediate coin loans. You can borrow against your TON Coin and receive Tether USDT in return. Our crypto-backed loans present a swift and convenient means to fulfill your financial needs.

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Why choose TON Coin Beast Loan

Take advantage of limitless possibilities: Get any amount at any time with our unbeatable cryptocurrency line of credit.

Easy access to funds

By leveraging your crypto assets as collateral, you can quickly obtain loans without the need for extensive credit checks or income verification, making the process more efficient and accessible.

35+ Currencies

Choose your collateral from over 35 cryptocurrencies and borrow instantly from USDT.

No inspections!

Cryptocurrency loans allow you to access credit without checking your credit history.

Interest - hourly

We charge interest on the loan hourly. However, during the first hour after taking out the loan, you have the opportunity to repay it without any additional fees. This sets us apart from our competitors.

Lower interest rates

Because cryptocurrency loans are collateralized, lenders often offer lower interest rates than traditional unsecured loans, making them more cost-effective for borrowers.

Flash approval

Receive funds in the same minute without spending more than 3 taps

Maintain ownership of your crypto

With crypto-backed loans, you retain ownership of your digital assets while using them as collateral. This allows you to benefit from potential market growth and regain full control of your assets once the loan is repaid.

FAQ

What is Beast TON Coin Crypto Loan?

Beast TON Coin Crypto Loan is a secure, overcollateralized, and flexible loan product. Users can take loans by pledging their crypto assets as collateral. With Beast, you don't have to worry about rehypothecation since we don't lend out your collateralized crypto to others.

How do I pledge my assets and start borrowing with Beast TON Coin Crypto Loan?

To start, choose the crypto you'd like to pledge as collateral and the amount you'd like to borrow. Ensure you have sufficient crypto assets in your account to cover the required collateral. Once the process is complete, your collateral will be locked, and the loan will be transferred to your account.

What is LTV, and how much can I borrow from Beast TON Coin Crypto Loan?

LTV (Loan-to-Value) represents the ratio between the value of the loan plus accrued interest and the value of your collateral. The LTV percentage determines how much you can borrow based on the collateral you pledge. For example, with a 50% LTV, if you pledge 1,000 USDT, you may borrow up to 500 USDT worth of assets.

Are there limits to how much I can pledge and borrow?

Yes, there are limits for each cryptocurrency. The maximum amount you can pledge or borrow depends on the specific crypto and may change periodically.

What is loan liquidation, and what is the liquidation LTV?

Loan liquidation occurs when the current LTV exceeds the liquidation LTV, which may happen if the collateral's value decreases or the loan's value increases. If liquidation occurs, you may lose some or all of your collateral.

What happens when a loan is liquidated?

When liquidation occurs, the outstanding loan amount will be repaid using the equivalent value of collateral. A partial liquidation happens when the liquidation doesn't fully cover the outstanding loan, and a full liquidation occurs when the entire loan is repaid using the collateral.

What is a margin call?

A margin call is a warning issued when your collateral-loan pair position reaches its margin call LTV. You can take action by adding more collateral or reducing the outstanding loan to lower the LTV.

Will I be notified in the event of margin calls or liquidations?

Yes, Beast will send notifications via email and SMS in case of margin calls or liquidations. However, timely delivery of these notifications cannot be guaranteed.

What interest rate applies to my loan?

Beast provides transparent interest rates for each cryptocurrency. Please refer to the platform for up-to-date interest rates.

How is interest accrued for my loan positions?

Interest accrues based on the total outstanding loan amount and the prevailing APR. The interest accrued is added to the total outstanding loan.

How do I repay my loan or adjust my LTV?

Use the 'Repay' or 'Adjust LTV' options in your account to repay loans or adjust collateral, respectively. You can only repay your loan using the same cryptocurrency you borrowed.

Which cryptocurrencies can I pledge or borrow on Beast Crypto Loan?

Beast Crypto Loan accepts a variety of cryptocurrencies as loanable and collateral assets. The list of available cryptocurrencies is updated periodically, so please refer to the platform for more information.

What can I do with the cryptocurrencies borrowed from Beast TON Coin Crypto Loan?

You can use the borrowed cryptocurrencies for various purposes, including trading, investing, or withdrawing from the platform. The collateral you pledge remains with Beast as security for the repayment of your loan.

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