Cryptocurrency has always been an extremely hot field lately, especially when the prices of its typical coins have risen consistently against the bleak capital market affected by the pandemic Covid-19. There are more and more ways for you to enter this market, along with that there are many solutions to help you get an optimal choice for your property, which is often seen as a short-term financing method for many people. All these advantages are gathered at King Vault – the “Hottest” application in 2021 with the form of peer-to-peer lending. Let’s find out!
1. Crypto Lending Peer to Peer – Definition
Crypto Lending Peer to Peer is a form of crowdfunding that connects investors / lenders with borrowers through an online platform which acts as a trusted third party trust that you can profit from it.
Transactions are facilitated by crypto lending platforms that accept deposits in different cryptocurrencies like Bitcoin, Ether, or Stable Coins with some return interest. This is a form of direct peer-to-peer lending and you only ask the app to manage it.
Bitcoin lending rates vary but they are often very competitive which can be as high as 12% on Annual Percentage Yield (APY). Crypto lending and depositing platforms also often lend collateralized assets, usually with cryptocurrencies and thus are called crypto-backed loans.
2. What is King Vault?
King Vault is a financial application that allows users to send money to receive interest and to borrow a mortgage with digital assets in which:
- The asset holder wants to deposit the asset on the exchange to receive interest periodically
- Borrowers mortgage assets at a rate of X% to the exchange, when the property price falls below the specified contract liquidation.
King Vault system includes:
- King Vault application for iOS and Android operating systems
King Vault currently supports BTC, USDT, ETH, BTCN assets. In addition, King Vault is trusted and preferred by the majority of users because of its modern interface, timely support staff and extremely attractive interest rates for investors up to 6.5%.
3. Advantages of King Vault
- Help reduce additional fees compared to the traditional method.
- Loan approval speed is faster than usual
- Fixed and attractive interest rate
- Eliminate the need for a middleman
- Reduce latency and quickly approve
- Bring transparency
- Effective lending process
- Smart contracts quickly automate the lending process
- Peer-to-peer loans offer better interest rates than traditional loans
4. Why should we use King Vault?
King Vault is operated mainly on the nature of the Blockchain system. And the two main characteristics of blockchain technology are the trust-evoking nature and decentralization that is essential for the growth of peer-to-peer lending. At the same time, this application meets the flexibility, privacy and reliability that the vast majority of users expect from a crypto loan application.
King Vault is really an application and platform worthy for you to use by highly responsive to diverse needs in the daily life of users.
Hope this paper has brought you useful information!
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