CoinLoan is an innovative project that combined traditional lending banking system and modern cryptocurrency technology. CoinLoan is a licensed fiat lending platform that secures and guarantees loans with crypto assets so you can hold onto your crypto instead of selling them when you need cash.
CoinLoan will issue a virtual currency token called CoinLoan Token (CLT) in the Ethereum blockchain using the ERC20 smart contract during the ICO. Firstly, it will allow anyone who feels like it to become a contributor and pay the service platform fees in CLT. Secondly, it will accelerate the funding process and the launch of CoinLoan.