KOINASCENT.COM is an Ethereum blockchain decentralized application for all-in-one banking and financial services for cryptocurrency users. They offer US Dollar loans for Bitcoin, Ethereum, Tether and KADX cryptocurrency owners and give high return passive income to users who stake crypto in their KoinAscent Wallet. Users can make Wallet withdrawals at any time.
Users receive regular payouts and rewards on their KoinAscent wallet crypto holdings. KoinAscent native token, KADX, performs a variety of internal functions, including governance, rewards, loans, staking, liquidity pools and payments. The KADX token is a governance and reward sharing ERC-20 standard token on the Ethereum blockchain.
KoinAscent is the Hodler’s home for earning passive income, borrowing, playing no loss crypto savings lotteries and making crypto payments. Don’t sell your Bitcoin or Ether, borrow against it and enjoy liquidity and future appreciation. Best of all, no taxes to pay on a loan, but taxes are due when you sell cryptocurrency.
Founded in December 2017 by the British Territory of Bermuda Company, Ascent Organization LLC, the KoinAscent banking and financial services platform offers rewards for holding KADXtokens, NFT T-Bonds and pooling cryptocurrencies as well as services such as crypto loans, no loss crypto saving lotteries and digital wallet-style payments.
The KoinAscent mission is to unbank financial services for cryptocurrency users by offering mobile 24/7 account access, low fees, high staking rewards, affordable loans, no loss savings lotteries and favorable terms which traditional financial institutions do not offer.
KoinAscent business model allows them to pay sustainable reward rates. Reward payments are funded by the lending business which due to the higher risk of cryptocurrency generate higher rewards than traditional banks pay.
They offer much higher rates of return on staked crypto, much easier and fairer loan requirements and automated rewards computed for each user without penalties or bank-style fees.
KoinAscent also functions as a digital asset Wallet and offers a “PAY” feature, and it hosts its own KADXtoken which users can leverage to pay interest on loans, increase earned reward payout value and other functions.
KoinAscent is the future of finance. Weekly rewards, low-cost loans, small fees and 70% of the fee revenue shared with the KADXtoken community. The company lends on cryptocurrency owned by individuals and institutional entities such as hedge funds.
KoinAscent is a cryptocurrency collateral base lender with loan payments ensured because the loans are asset-backed, and borrowers must supply more than 150% of the loan amount. They lend US dollars to borrowers with digital assets as collateral and users who stake cryptocurrency earn interest from those digital asset loans.
Keeping assets locked up in one place may be the safest approach for some, but it is not the smartest. KoinAscent generates passive income rewards by deploying assets.
KoinAscent gives it user’s access to tools to earn passive income from collateralized cryptocurrency loans. User’s coins earn rewards as long as they stay in their KoinAscent Wallet but are never “locked up” and can be withdrawn at any time.
To ensure coin loans are always repaid, the borrower is required to post collateral of 150% or more (which means that the borrower gives KoinAscent an alternative asset as collateral for the US Dollars they are borrowing).
By lending out from our community’s pool, we are operating the same way any old-school financial institution would. The difference is that, instead of keeping all the profits for shareholders, 70% of the profit is distributed to the KADXtoken community.
The service involves a substantial risk and can result in big returns or the loss of invested capital or somewhere in between. T&C Apply. Contact us at [email protected] or Twitter @koinascent.