Dear XTers,
To further enhance the user experience, XT Crypto Loan is now officially launched! Helping you with lightning-fast loans!
>>> Start Crypto Loan <<<
What is XT Crypto Loan?
Crypto Loan is a financial product that allows users to borrow other cryptocurrencies using their cryptocurrency assets as collateral. XT Crypto Loan aims to provide users with immediate access to additional funds while maintaining control over their crypto holdings. The loan process is straightforward: pledge assets, get the loan, adjust collateral (if applicable), undergo liquidation (if applicable), pay interest, repay the loan, and redeem the collateral.
Why choose XT Crypto Loan？
XT employs an innovative approach to the key risk assessment metric, the Loan-to-Value ratio (LTV), ensuring a secure loan environment. XT has established three LTV levels, tailored to the risks associated with collateral, to safeguard users' assets:
- Initial LTV: Initial LTV determines the maximum amount that can be borrowed initially. Loanable Value = Collateral Value * Initial LTV.
- Margin Call LTV: When LTV reaches Margin Call LTV, the system will notify the user to add more collateral to lower the LTV.
- Liquidation LTV: When LTV reaches Liquidation LTV, the system will liquidate the collateral to repay the total debt. Please add collateral promptly to avoid liquidation.
XT Crypto Laon will first launch a fixed-term loan service, offering loan terms of 7 Days or 30 Days. Once approved, the borrowed funds will be immediately credited to your spot account, with no additional transaction fees, and the funds can be withdrawn. You won't have to worry about interest rate fluctuations, as the rate is fixed for the duration of the loan and interest is accrued hourly. You can also choose to repay part or all of the loan early without any fees or penalties.
Quick guide on how to use XT Crypto Loan:
- Web side: XT official website - Navigation bar "Finance" - Crypto Loan
- APP side: APP home page - click "More" - Financial Services "Crypto Loan"
For more details, please: Introduction to XT Crypto Loan
If you have any questions, please contact online customer service in a timely manner.
Thank you for your support!
XT Team
September 14, 2024
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XT reserves the right, at its discretion, to change, modify, or remove portions of the announcement at any time by posting the amended version on the website.