CSP DAO invests in Collateral
We are proud to announce Collateral as an addition to our portfolio.
__PRODUCT__
-Collateral Merchants:
Merchants will have access to a new breed of customer they were not accessing before. CO££ATERAL will allow merchants to sell their products and services to crypto holders who before were not willing to part with their crypto assets due to fear of future losses like the ever infamous Laszlo and his pizzas. Merchant will be paid in native currency seamlessly by CO££ATERAL.
Collateral Pay:
Users will be able to pay for goods and services by using their crypto assets as collateral. Payments are made using the CO££ATERAL App in-store or online. There is a simple 4 step process to paying, simply Scan a QR code, lock your crypto as collateral, the merchant receives funds from CO££ATERAL and pay back the balance owing to receive your crypto back. What makes CO££ATERAL unique is all of this happens at the point of sale, no need to pre arrange a loan.
Collateral Loan:
CO££ATERAL provides users with loans as an option to access finance for larger purchases where merchants are not involved in the payment process. Customers will be offered instant loans with the lowest COLLATERAL To Value (CTV) in the market. All the users have to do is select an amount they want to borrow and lock the required crypto as collateral and funds are released in a native currency of their choice.
Collateral Save:
Allows users to enjoy a passive income stream by staking their crypto assets in smart contracts which are lent to borrowers and an APY is received for offering this service. All loans are secured by over collateralised crypto assets as collateral, so the process is safe and secure. The CO££ATERAL Protocol’s Oracle monitors the price of the crypto collateral to ensure the CTV level is maintained. Should it fall to a pre determined level the CO£ATERAL Protocol will initiate a sale of the borrowers crypto collateral to ensure no loss to the lender.
Collateral Govern:
At CO££ATERAL, we are developing a completely decentralised platform. CO££ATERAL will be run through a Governance System, with token holders participating in the decision processes within the Protocol.
__TECH__
-Unlock the Value of Digital Assets:
CO££ATERAL allows users to unlock the value of their crypto assets. CO££ATERAL acts as the bridge to the FIAT world, allowing users to realise the value by enabling instant payments at point of sale
-Retain Potential Upside:
One of the major benefits is that users retain 100% ownership of their crypto assets which are held in a smart contract until the repayment is made, releasing back the crypto to the user. By utilising the CO££ATERAL Protocol, they will be able to leverage their assets rather than selling. This allows users to realise potential upside to future values of their crypto assets whilst giving them instant liquidity.
-Access to a Global Network of Merchants:
CO££ATERAL is working with an ever-growing network of global merchants and retailers. CO££ATERAL will provide users and merchants with an instant payment ecosystem, both online and in-store.
-Seamless Transaction:
Borrowing and lending transactions are seamless through smart contracts. There is no red tape with credit checks, as seen in the traditional banking and finance sector as collateral is used to secure the ecosystem.
-Lender Security
Lenders are able to deposit their crypto assets in staking pools, where lenders will receive an APY, whilst simultaneously retaining ownership of their crypto assets. All staked crypto assets are secured safely in over collateralised smart contracts.
Links:
⚡️ CSP DAO CHAT Room
https://t.me/CSPDAO_CHAT
🏆 CSP DAO Announcement Channel:
https://t.me/joinchat/AAAAAESl56FZJlJjcyKbuw
🌎 Website:
https://cspdao.network/
🔥 Buy NEBO tokens on Uniswap:
https://app.uniswap.org/#/swap?inputCurrency=0x7f0c8b125040f707441cad9e5ed8a8408673b455&outputCurrency=ETH
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