DINO cryptocurrency is a community-driven and 100% fairly launched defi-based meme token that believes in fair distribution, decentralization, and real-life utility. With its unique features such as real-world acceptability, complete decentralization, native swapping protocol, and staking rewards, DINO is a promising project for crypto investors. In this article, learn about the benefits of taking out a DINO loan, using DINO as collateral, managing risks, and avoiding liquidation. Read on to discover how to get a DINO loan in just four simple steps with CoinRabbit.
DINO is a Meme Coin with very strong utility. Since the biggest issue with Meme coins is the lack of utility and use case, DINO is here to fix these issues.
DINO is a community-driven and 100% fairly launched defi-based meme token that believes in fair distribution, decentralization, and the real-life utility.
Real-world acceptability across leading platforms such as Walmart, eBay, and Amazon.com via Shopping.io, NowPayments.io, and Volt Inu.
Complete Decentralization as 95% percent of the supply is fair launched whereas 5% tokens are reserved for marketing.
The platform features a native swapping protocol, i.e., “DINOverter which allows users to convert ETH to DINO with no slippage and minimal gas. It provides liquidity and gives 5% back on every purchase made through the DINOverter, incentivizing user participation.
Users can stake their DINO and receive periodic rewards.
With crypto loans, you can access funds without selling, increase liquidity, maximize capital utilization, and diversify your portfolio more effectively. In addition, crypto loans tend to have lower interest rates than traditional loans, so borrowers are able to get funds for much less. Finally, these loans provide additional peace of mind since crypto collateral is stored securely in a cold storage wallet.
Here are some cases where you can use DINO as a collateral and get profit:
DINO crypto volatility can result in liquidation. When you use your DINO to take a loan, it is important to monitor the status of your loan. CoinRabbit offers an instant alert system, which uses SMS and e-mail to inform users when there is a potential liquidation.
You can always add more collateral to adjust the Liquidation price of your loan. Loan collateral at CoinRabbit isn’t frozen; therefore, liquidation prices are adjusted immediately by adding more collateral or repaying your loan.
Aside from that, you can decrease the LTV at any time while the loan is open by adding more collateral. For example, CoinRabbit’s minimum loan LTV is 50%. CoinRabbit allows you to increase collateral immediately after opening a loan, so the LTV will decrease at a rate that suits you.
The application process for a DINO crypto loan has been significantly simplified thanks to crypto loan platforms like CoinRabbit.
DINO crypto loans with CoinRabbit – is a great tool for crypto investors and holders: you can use a crypto loan to optimize your taxes, make a huge purchase, reinvest in new cryptocurrencies and many more while continuing holding your digital assets.
It’s important to remember that all operations with crypto are highly risky. When you get a loan with any crypto lending platform – don’t forget to check the status of your crypto loan periodically and add collateral if it’s needed to avoid liquidation of the loan.
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