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Comparing Crypto Loans: How to Get the Best One for You

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2 years ago

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Lend an ear. If you can’t do that, lend a little crypto.

Cryptocurrency is one of the fastest ways to earn money. Investing in Bitcoin and Ethereum diversifies your portfolio and lets you make exciting loans.

But loans are difficult. The terminology and protocols for making loans can be confusing. Once you learn them, you can compare profitable loans in no time.

Here is a quick guide to crypto loans.

The Terminology of Loans

There are a few basic terms you should understand before diving in.

The annual percentage rate is the annual rate charged for borrowing the loan. The rate is a function of the borrowed money, the initial charges, and the duration of the loan.

The interest rate is a rate charged for using the loan. The riskier a loan, the higher the interest rate is.

Amortized loans require lenders to pay interest and principal every month. Monthly payments are higher, but you will pay off your amortized loans faster.

Collateralized loans require lenders to give creditors some collateral upfront. The loan-to-value ratio determines the collateral you will pay.

Savings accounts are special bank accounts. When you deposit into a savings account, you give the bank permission to lend your money out to others. The bank cuts you into the loan, giving you interest for it.

Comparing Crypto Loans

Once you know the basic terms, you can begin comparing crypto loans to each other. A good rule of thumb is to select loans with a lower APR. The lower the APR, the less the lender has to pay.

If you have a lot of capital already, consider amortized loans for short-term investments. Collateralized loans are also a good option, especially if you want to build a long-lasting relationship with your creditor.

There are many kinds of crypto savings accounts. Bear in mind safety and security. Cryptocurrency is not insured, and the market is volatile, so you may lose money.

BlockFi is a wealth management system focused on crypto assets. BlockFi supports all major cryptocurrencies, with competitive APR and interest rates. BlockFi offers fast collateralized loans, and they are open to anyone with $15,000 or more in cryptocurrencies.

Nexo is a cryptocurrency project from FinTech. Nexo offers crypto-backed loan services that make obtaining fiat currencies easy. Their interest payments are simple, and they offer high security in cold storage.

The Celsius Network is a service that provides savings accounts and loans. They offer their own cryptocurrency, which has grown faster than Bitcoin in recent months. They support weekly interest rates, but you must pay them in their crypto to get higher rates.

If you are looking for high yields, BlockFi is your best bet. Their high-interest rates and strong security promote reliable returns on investment. Nexo and Celsius offer good services for regular payouts, but their payouts are small.

Get the Best Crypto Loans for You

Lend your name to good business. Cryptocurrencies are here to stay. Capitalize on the trend with crypto loans.

Understand the basic terms that determine loans. Then use those terms to distinguish between savings account providers. If you want high yields, go with BlockFi, but you can consider other services as well.

In this rapidly changing marketplace, get the best loans for you. Bitcompare offers a platform of services to help you find the best crypto loans. Tap into our tools today.

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Wojak Inu Goes Live on Dex-Trade, Aiming for New Heights

Crypto Chain Wire

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1 week ago

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May 25, 2023

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Wojak Inu, a new memecoin project, is creating a buzz in the crypto world. Recently listed on Dex-Trade Exchange, Wojak Inu offers users an innovative and secure way to invest in digital currency. The project comes with no taxes, locked and burned liquidity pool (LP) tokens, and a renounced contract.

With its unique features, Wojak Inu aims for greater heights as it continues gaining momentum in the memecoin niche. The latest listing operation is an essential milestone in its journey to becoming a significant player in the crypto space.

The Importance of the Latest Listing Operation

$WOJAKINU’s listing on Dex-Trade is an essential milestone in the growth and development of the memecoin project. It’s a significant step in making the memecoin more accessible to traders and investors. With its new listing on Dex-Trade, Wojak Inu ($WOJAKINU) now has a variety of trading pairs available with high liquidity.

Specifically, crypto enthusiasts can trade Wojak Inu ($WOJAKINU) on the platform with the $SHIB, $DOGE, and $USDT. This makes it easier for traders to access the memecoin and take advantage of its many benefits.

Dex-Trade is one of the leading exchanges in the crypto space. In this context, Wojak Inu’s team is delighted to be part of its growing network. With its listing on the exchange, Wojak Inu ($WOJAKINU) can now reach a much wider audience and gain further recognition.

Following $PEPE’s Success

Wojak Inu is a decentralized asset that offers users an innovative and secure way to invest in digital currency. The team has allocated 92.8% of tokens to the liquidity pool, LP tokens burnt, and a smart contract audit completed by SolidProof. 

The team is leading a large marketing campaign to create market awareness around the project. As a community-based cryptocurrency, Wojak Inu has gained popularity among crypto enthusiasts and investors. 

Its community has grown rapidly, with crypto enthusiasts joining every day to be part of this new venture. With a strong development team and a dedicated community, Wojak Inu looks poised for success in the world of cryptocurrency.

Seeing the success of $PEPE, Wojak Inu decided to capitalize on it by introducing new features targeting the memecoin sector. Having already hundreds of Hodlers on board, they look forward to further crypto growth.

About Wojak Inu

Wojak Inu is a memecoin-based project that seeks to revolutionize this growing niche. It features unique characteristics, such as zero taxes and LP burnt/contract renounced.

The community powers this project, and the team has plans to create generational wealth for its holders. The future of Wojak Inu will see NFTs, merchandise, staking, farming, and Tier 1 Exchange listing.

Going live on Dex-Trade marks an essential milestone in the growth of Wojak Inu. With a growing community, innovative features, and comprehensive marketing campaigns, this initiative aims for greatness.

Its website and social media pages are valid sources to follow the project’s latest developments.

Telegram | Twitter

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Press Release

Cogito announces New Digital Asset Class – Propelling Crypto into a New Era with AI

Crypto Chain Wire

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1 week ago

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May 24, 2023

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With the release of its CGV coin, Cogito Protocol is presenting an AI-powered solution in the Crypto space that will change the world. This revolution will begin on SingularityDAO, Seedify, GeniusX, and EnjinStarter on June 2nd 2023.

The Cogito protocol provides a framework that creates “tracercoins”, which are digital assets with low volatility. These tracercoins are an entirely new asset class – AI-powered, Fiat Independent and have the potential to become the dominant form of exchange and value storage mechanism. 

These digital assets are designed to offer stability without being directly correlated to traditional currencies or commodities. Instead, they are linked to non-financial indices that represent human progress, with an example of a GCOIN being pegged to an environmental Green Index.

The Important Details to Know About CGV

The Cogito Protocol is launching the CGV Token Generation Event (TGE) on June 2nd 2023. Sales will start from 29th May 2023 across the various platforms mentioned below. The Cogito Protocol’s governance and utility token, CGV, will enable the community to directly contribute to the roadmap of the project and influence various parameters of tracercoin

The total supply of CGV will follow a predetermined distribution:

More detailed information about the TGE and Cogito Tokenomics can be found here. 

Disrupting the Crypto Sector with Tracercoins

Cogito is transforming the crypto sector with its innovative tracercoin concept. Tracercoins are digital assets pegged to non-financial indices and maintain their stability through soft pegging. 

The system consists of a data layer and an AI tool layer, which generate a Green Index. This index tracks positive progress towards a net-zero economy with roughly 1-2% appreciation.

GCOIN is the first tracercoin coming from Cogito, and it traces the Green Index on a 1:1 basis. 

To maintain the peg, Cogito has implemented a mechanism known as the ‘Capital Adequacy Ratio’ that works as a foundation for a number of underlying functions.

Extensive financial modeling ensures that the tracercoins offer users stable deposit rewards and are financially stable over the long term. 

The team’s paper on Academia.edu provides more information and simulations. Through its tracercoins, Cogito is disrupting the crypto sector and providing a much-needed solution to the challenge of price volatility. Check here for more information on the team behind Cogito Protocol. 

About Cogito

Cogito Protocol is a spin-off of SingularityNET, a renowned AI-oriented company. Cogito offers a framework for creating tracercoins, which are a new class of assets that range from low to medium-volatility growth assets. This approach helps attract a diverse, global investor base with a low to medium risk appetite.

Cogito applies the highest standards of risk management schedules for regulatory compliance, asset protection, and market integrity. The roadmap has five phases: ecosystem integration, extended portfolio, risk-weighted reserve, multi-chain presence, and use cases outside crypto.

By employing SingularityNET’s AI technology, Cogito offers users unparalleled capital deployment and risk management opportunities. Anyone wishing to discover this upcoming project can visit the team’s website. The social media pages below are also a more than valid source of information.

Twitter | Telegram | Linkedin | Medium | Discord

Enquiries related to Marketing/ Business/ PR, do contact us here.

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Press Release

BULLZ and Mazer Gaming Partner To Educate, Entertain and Expand Web3 GameFi Space

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3 weeks ago

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May 9, 2023

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BULLZ, the Web3 social platform, and growth marketing leader, today announced its partnership with Mazer Gaming, an esports and entertainment organization actively involved in growing the Web3 GameFi space. The partnership will enable Mazer Gaming to connect with the rapidly growing team of 60k+ creators on BULLZ, while onboarding its network of dedicated gaming video creators and streamers onto the BULLZ app. As a result, the Web3 gaming industry will see an influx of skilled content creators ready to spread storytelling, education, and adoption.

Thanks to the recent launch of BULLZ creator rewards for publishing video content on Twitch, Mazor Gaming will onboard a number of notable Twitch creators, including:

  • Choi (34.5k followers)

Valued at $1.39billion in 2022, and expected to grow at a CAGR of 16.7% over the next seven years (yahoo!finance), the esports industry, which has been gradually gaining ground since the 1970s, is now beginning to expand into a multi-billion dollar industry thanks to the prevalence of streaming software. Meanwhile over the past few years blockchain technology has enabled game publishers to enter the blockchain gaming (GameFi) sector and incentivize players, and creators, to monetize their passions. 

BULLZ empowers creators to get rewarded for video content that spreads awareness and education for blockchain, NFTs, DeFi, and DAO projects. Described as the “TikTok for Web3”, the platform has garnered more than 96k+ peer-reviewed videos since its launch in late 2021. Using the integrated WOM Protocol‘s authentication system, BULLZ ensures only high-quality content is eligible for earning WOM rewards. With an average of more than 400+ users rating each video, the community acts as content nodes, establishing trust in the content. The WOM Protocol automatically rewards creators for their content, and authenticators for their peer reviews, ensuring the community is valued for their contributions. 

As a versatile esports organization with an active presence in Web3, Mazor Gaming is helping to bridge the gap between esports and GameFi by spreading more education and adoption of blockchain, crypto, and NFTs. In this effort, Mazor Gaming has launched a monthly crypto-infused esports event, the Mazer Gaming Gives Back Tournament Series, that features a wide range of game titles and raises money for charity during the stream. 

Through the partnership, Mazor Gaming will gain access to user-generated content via the BULLZ Campaign Manager, while onboarding its own creator network onto the BULLZ app to join collaborations. The BULLZ Campaign Manager empowers Web3 projects to create multi-layered content strategies to meet multiple goals from maximum reach and engagement to authenticity and trust. Creators on the BULLZ app are instantly notified each time a new campaign is launched onto the Campaign Manager. From here creators can discover campaigns and decide whether they want to participate by creating engaging videos in exchange for rewards. Creators can increase their earning potential further by sharing the content on their wider social accounts, which now include Twitch. Numerous Web3 projects, such as 8 Finance, Youmeme, Monkey League, and Safe ZK, have already achieved great success by collaborating with creators. 

Mazer Gaming is a leading esports and entertainment organization with a mission to create championship-winning teams and produce entertaining content for fans. With a diverse 70+ team consisting of players, streamers, creators, and managers, Mazer Gaming is focused on creating a supportive community to drive to the top of esports. Founded in 2014, Mazer Gaming has since competed for various game titles, including Fortnite, Gears of War, Super Smash Bros, Pokemon Go, Halo, CS:GO, and many more. In addition, Mazer Gaming has also held its own tournaments.

The new partnership between BULLZ and Mazer Gaming provides an exciting opportunity to tap into the professional esports community and onboard gaming savvy content creators to the BULLZ network. In addition, it provides Web3 projects that are looking to revolutionize the GameFi space with the means to unlock education and drive onboarding by launching campaign collaborations with content creators. 

Samuel Kijak, CEO & Owner of Mazer Gaming, said: “The gaming sector is witnessing remarkable potential for Web3 technologies. We are delighted to collaborate with BULLZ and extend our esports community through their creator network. Together, we can offer clients and partners a compelling value proposition, centered around creator-driven marketing. Video content is the most captivating and influential marketing medium, and we are pleased to align with a platform that has accumulated outstanding partners and possesses a profound understanding of the space.”

Melanie Mohr, CEO & Founder of BULLZ, said: “Mazer Gaming has a great team that are not only growing a highly successful esports organization but helping to bridge the gap between Web2 and Web3. We’re excited to welcome Mazer Gaming and their amazing gaming creators into the BULLZ community and to firmly establish BULLZ’s expertise in the GameFi space.”

-ENDS-

About the WOM Protocol

WOM (word-of-mouth) Protocol is a blockchain-based protocol that gives brands, content creators, publishers, and social networks a way to monetize word-of-mouth recommendations on any website, app, or platform. WOM is backed by dozens of investors from around the globe. For more info about WOM: https://womprotocol.io

About BULLZ

BULLZ is a dedicated platform for discovering authentic blockchain and crypto-related recommendations. Users can find trending projects, discuss them together with other crypto enthusiasts and experts and can get rewarded for sharing their own videos about the projects and companies they love. With the “create to earn” model, users are rewarded with WOM Tokens for their recommendations directly within the app. For more information about BULLZ: https://bullz.com

About Mazer Gaming

Mazer Gaming is a leading esports and entertainment organization. Founded in 2014, Mazer Gaming has established itself as a trusted name in the industry, fostering a community of gamers and fans alike and fielding top-tier teams across multiple games including Pokemon Go, Call of Duty, Fortnite, and Valorant. For more information about Mazer Gaming: https://mazer.gg/

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