KOINASCENT.COM is an Ethereum blockchain decentralized application for all-in-one banking and financial services for cryptocurrency users. We 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 and rewards. 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 and borrowing using your cryptocurrency as collateral. 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 staking KADXtokens, high reward liquidity pools and collateral based loans for cryptocurrency users.
The KoinAscent mission is to unbank financial services for cryptocurrency users by offering mobile 24/7 account access, low loan fees, high earning staking rewards and favorable terms which are not offered by traditional financial institutions.
KoinAscent business model allows them to pay sustainable high reward rates. Reward payments are funded by the lending and NFT T-Bond business which due to the higher risk of cryptocurrency generate higher rewards than traditional banks pay. We 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 digital asset Wallet offers a “PAY” feature, and it hosts many different cryptocurrency plus KADXtoken which users can leverage to pay interest on crypto loans, increase crypto 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 digital assets than the loan amount. They lend US dollars to borrowers with digital assets as collateral and users who stake cryptocurrency earn rewards 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 which is more than the loan amount, 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 liquidity pool, we are operating the same way as any old-school financial institution would. The difference is that, instead of keeping all the rewards for shareholders, 70% of the rewards 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@example.com or Twitter @koinascent.