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What is a Algorand coin?

  • ALGO aims to support the decentralized economy and ensure equal participation within it. Algorand participants can earn rewards and enjoy the perks of instant transactions.
  • While offering more efficient scaling with Pure Proof-of-Stake, Algorand presents an alternative to Ethereum's smart contract functions.

What is an ALGO Loan?

  • An Algorand loan is the loan borrowed against Algorand cryptocurrency as collateral. Here’s how it works: you bring some cryptocurrency Algorand to a lending service, leave it there temporarily as collateral, and get an amount of a certain cryptocurrency in return. On CoinRabbit ALGO lending, we lend stablecoins such as Tether USDT, USD Coin and BUSD.

Learn more about Algorand Loans

What’s Crypto Collateral? How Collateral Works?Crypto Market Cap. Why Learn It before Taking Crypto Loan?How to use crypto loans in e-commerce?

FAQ

What is Algorand used for?IconPlus
Algorand (ALGO) allows you to send payments, participate in staking, create dApps, and trade it on the market.
Why should you consider an ALGO loan?IconPlus
According to the Algorand crypto potential growth the cryptocurrency believers can use ALGO loans for the long-term and short-term periods. The main straights of the Algorand coin:
- Algorand is about to become one of the largest decentralized economies and one of the fastest blockchain networks;
- Algorand provides faster transactions with the capability to process about 1,000 transactions in one second.
How does Algorand loan work?IconPlus
Algorand lending is a service that issues loans with Algorand cryptocurrency collateral for a yearly interest. The interest can vary from 10% up to 18% and more. There is no credit history and no credit checks — the only way you prove your credibility is the collateral you’re ready to provide. It will be temporarily stored in a lending service making sure you will repay your Algorand loan.
How quickly can I get a crypto loan? How quickly will you refund me the collateral?IconPlus
Usually, getting an instant ALGO loan takes no longer than 10 minutes. Since there are no credit checks, it’s that fast. The longest part of getting a loan is waiting for the confirmation of your Algorand transaction.The collateral will be refunded instantly whenever you come back to repay your loan. You can do it when you want: in a month, in a year, or in many years — our loan period is limitless. Enjoy your money as long as you need.
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