[Project Introduction] SOL-Backed Loan service on MyConstant for crypto owners

Hello SOL community! :wave:

My name is Loudee and I work for MyConstant as the Senior Business Development. We would like to introduce MyConstant with SOL community and SOL core team. You might know that we list SOL in our market and bring huge value to SOL owners.

  • In early 2019 , MyConstant released our first lending version.
  • During 2020 , we launched a mobile app, integrated over 30 different crypto coins, and matched the first $60M.
  • In 2021 , we launched our debit card, crypto swap, added more crypto coins, issued MCT token, reached 150,000 users, and matched $150M.
  • See our roadmap with exciting features we are launching in 2022 .

Product Description

Crypto-backed Loans is a multi-collateral credit line for cryptocurrency holders. Instead of selling your cryptocurrencies to get the cash you need, you can borrow against them without losing the potential uplift in value.

You might want to finance new crypto trades, borrow cash for emergencies like car repairs, or simply pay for vacations or other luxuries. Whatever the reason for the loan, Crypto-backed Loans is a fast, easy way to unlock the value of your crypto without selling up.

We don’t do credit checks or paperwork (except the required Know Your Customer process) and funds arrive in minutes. Our multi-collateral model means you can leverage the value of your entire portfolio and repay using any of our supported cryptocurrencies.

You can even withdraw your loan in another cryptocurrency, with the best rates sourced from multiple markets. Trusted third parties convert your loan into cryptocurrency for free, and unlike exchanges, there are no trading fees.

Approximately 30% of collateral is stored on partner exchanges for fast liquidation in the event of a default. The remaining 70% is stored in a password-protected web wallet hosted on a dedicated server (to which only senior staff members have access) until you repay. After which, it’s returned to your crypto balance and you can withdraw to a wallet of choice.

Key Benefits of MyConstant marketplace for SOL

  • Borrow any amount with your SOL (min $50, no maximum).
  • Use SOL to payback loans.
  • Loans received instantly.
  • Interest from just 6% APR.
  • Flexible terms of 1-6 months.
  • Borrow against SOL and other 70+ cryptocurrencies.
  • Collateral securely stored until you repay.
  • Choose to receive your loan in SOL at the best prices.
  • Free USD withdrawals for US citizen.
  • Repay in fiat or supported cryptocurrencies.
  • Multi-collateral credit line for easier repayment and top-ups.
  • Auto top-up to avoid liquidation.

We hope to be in Partnership ecosystem with SOL and SOL community along with co-marketing activities together in the upcoming events.

Our Past Collaborators:

Love to receive your questions. I would be happy to answer them. MyConstant is looking forward to working with SOL and the SOL community. :star_struck:

Hi @loudee and welcome to the forum and to Solana! :wave:

I’m the “community admin” here on the forum. I’ve got no official title, but I pretty much adopted the forum a few months ago as it seems like it has been abandoned by any admins or members from Solana Labs or the Solana Foundation.

Anyway, I’m glad to have more people in Solana, and ecosystem that I really believe in! Unfortunately it seems impossible to contact any core members through the forum, just so you are aware, and I’m still trying to make the forum a great place to be to draw a larger community here.

I’d recommend reaching out on any other channels you can find to get greater visibility of your project and good luck with Solana! :+1:

1 Like

Hi @zicklag Thank you for response which is super meaningful, MyConstant products generally promote Solana and encourage SOL owners not to sell their SOL. We believe that MyConstant is making an extreme valuable contribution to the SOL project as well as the SOL community. As we’ve received a lot of support from the SOL community on our platform.

As a result, Is there a way to connect me to the SOL core team or SOL marketing team? In regards to the gifts we’d love to send to the SOL community as our thank you. And no one else but only SOL core team can give us the opportunity to be closer to your community.

I’m not sure which channels are effective for communicating with the core team, but you can find the options available on the website:

Maybe try using the Email address, that seems like the most likely to go straight to the team.