#### What is CoinLoan? CoinLoan (CLT) is a [crypto](https://www.coinbase.com/learn/crypto-basics/what-is-cryptocurrency)-lending platform based in Europe, operating under the license of the Estonian Financial Authority since 2017. It provides a range of services globally, including interest-earning deposits, fiat and crypto loans, and exchange services. The platform's native utility token, CLT, aims to enhance user experience by offering improved interest rates and reduced borrowing fees when used. CoinLoan strives to make the world of cryptocurrency more accessible to both novice and professional users, providing a platform where digital assets can be managed with ease. #### How does CoinLoan work? CoinLoan operates by offering three main services: interest-earning accounts, crypto and fiat lending, and crypto exchange. The interest account service allows users to deposit their funds, both crypto and fiat, and earn up to 12.3% annual interest depending on the selected asset. The lending service provides crypto-backed loans with a loan-to-value (LTV) ratio of 20% to 70% and a loan duration period of 1 to 36 months. The exchange service enables users to trade crypto assets, stable coins, and fiat currencies supported by the platform. The platform's native utility token, CLT, is used to secure better interest rates and lower borrowing fees. #### What are the potential use cases for CoinLoan? CoinLoan seeks to provide a platform where users can earn from their idle assets. By depositing funds into an interest-earning account, users can generate income from their crypto and fiat currencies. The platform also offers a lending service where users can secure loans using their crypto assets as collateral. This eliminates the need for credit checks and lengthy approval processes typically associated with traditional lending institutions. Additionally, CoinLoan's exchange service allows users to trade a variety of crypto assets, stable coins, and fiat currencies, providing a versatile platform for managing digital assets. #### What is the history of CoinLoan? CoinLoan was founded in 2017 by Alex Faliushin and Max Sapelov and is headquartered in Tallinn, Estonia. Since its inception, the platform has aimed to provide a secure and reliable service for managing digital assets. CoinLoan operates under the license of the Estonian Financial Authority and complies with modern financial regulations standards. The platform's native utility token, CLT, is an [Ethereum](https://www.coinbase.com/learn/crypto-basics/what-is-ethereum)-based [ERC-20](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) token with a maximum supply of 22,000,000 [tokens](https://www.coinbase.com/learn/crypto-basics/what-is-a-token), of which 1,950,000 (9%) are in circulation. CoinLoan has implemented essential security layers to protect customers' funds, including secure cloud infrastructure, modern encryption standards, DDoS protection, and regular vulnerability scans.