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What is VeChain?

  • VeChain is a smart contract blockchain platform designed to enhance supply chain management and allows businesses to build and run decentralized applications (DApps).

What is a VeChain Loan?

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

Learn more about VeChain Loans

VeChain (VET) review 7VeChain (VET) review 5VeChain (VET) review 6

FAQ

Why should you consider VeChain loans?IconPlus
According to the VeChain crypto potential the cryptocurrency believers can use VeChain crypto as a collateral. The VeChain potential relies on the following points:

VeChain software is used by BMW, LVMH, Walmart;

VET token is among the 40 largest by market cap;

VeChain is diversifying and modernizing its ecosystem, adding support in 2022 for a fiat-backed stablecoin (VeUSD) to support DeFi and Web3 projects.
How does VeChain lending work?IconPlus
VeChain lending is a service that issues loans with VeChain 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 VeChain loan.
How to loan VET?IconPlus
Loaning against a VeChain coin at CoinRabbit requires only a few minutes of your time. First of all, navigate to the CoinRabbit website. Choose the amount of VeChain coins you would like to use as collateral and loan currency (USDT/USDC/BUSD) in the calculator section. Confirm your stablecoin wallet address and a phone number. Finally, send your VeChain collateral amount to receive the chosen stablecoin loan. Wait for a few minutes for everything to be processed. Then receive your loan in 15 minutes.
How quickly can I get a crypto loan? How quickly will you refund me the collateral?IconPlus
Usually, getting an instant VeChain 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 VeChain 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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