What Is KOINASCENT (KADX)?
KOINASCENT.com offers US Dollar loans for Bitcoin, Ethereum, KADX and Tether cryptocurrency owners and they give high return passive income to users who deposit crypto into a KOINASCENT Wallet. Users can make Wallet withdrawals at any time.
KOINASCENT (KADX) is an Ethereum blockchain decentralized application for all-in-one banking and financial services for cryptocurrency users. The KADX token is an ERC-20 standard token on the Ethereum blockchain.
Users receive regular payouts and interest on their crypto holdings. KOINASCENT native token, KADX, performs a variety of internal functions, including governance, deposit rewards, loans, staking, liquidity pools and payments.
KOINASCENT is the Hodler’s home for earning passive income, loans, no loss lotteries and 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 depositing cryptocurrency, along with services such as loans, saving lotteries and wallet-style payments.
The KOINASCENT mission is to unbank financial services for cryptocurrency users by offering mobile 24/7 account access, low fees, high deposit rewards, affordable loans, 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.
KOINASCENT offers much higher rates of returns on savings and deposits, much easier and fairer loan requirements and automated rewards computed for each user without penalties or bank-style fees.
KOINASCENT also functions as a Wallet via its “PAY” feature, and hosts its own KADX token which users can leverage to pay interest on loans, increase reward payout value and other functions.
KOINASCENT is the future of finance. Weekly rewards, low-cost loans, small fees and 70% of the revenue shared with the KADX Token community. The company lends to individuals and institutional entities such as hedge funds.
KOINASCENT is a cryptocurrency collateral base lender with loan payments insured 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 user’s deposits earn interest from those 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 a passive income from collateralized loans. User’s coins 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 institutions would. The difference is that, instead of keeping all the profits for shareholders, 70% of the profit is distributed to the KADX token 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 support@koinascent.com or Twitter @koinascent.
