ICON P-Reps News

VELIC

VELIC has announced to provide the new personalized Digital Asset-Based Loan with flexible tools at the end of September.

VELIC launched its first Digital Asset-Based Loan service in June. Currently, users can borrow the Stable Coin Tether (USDT) as Bitcoin collateral and the interest rate is between 11% and 16% APR.

Unlike existing loans, the new loan product can be applied for up to 100,000 USDT depending on the contract amount, along with a low-interest rate starting from 2% APR. To offer the lowest interest rate in the industry, it allows users to customize a product in many different ways.

VELIC accepts Bitcoin (BTC) as collateral for the loans, which is available from 5,000USDT at a time. The maximum limit has also increased significantly to 100,000 USDT. It also eliminates the general liquidation function to effectively protect the borrowers collateral.

VELIC accepts Bitcoin (BTC) as collateral for the loans, which is available from 5,000USDT at a time. The maximum limit has also increased significantly to 100,000 USDT. It also eliminates the general liquidation function to effectively protect the borrowers collateral.

Introducing VELIC Crypto Loan X :

1. It provides the lowest interest rates as low as 2%.

2. Eliminates the general liquidation function with no margin calls.

3. Offers secured loans and instant trading at once, so the loans will be easily availed on the VELIC exchange.

Product Details :

Starting from 1,000 USDT

Max. 100,000 USDT

Account Limit 100,000 USDT

Interest rates from 2.00% up to 4.00% (paid with USDT)

Terms from 2 to 6 months

Starting LTV from 30% — 40%

Interest Prepayment(0.0%) or At Maturity(Additional 0.5%)

One-time Application Fee 5,000 VELT

Early Repayment Fee is Collateral Amount * 1.0%

*Currently VELIC supports OMNI USDT only. When you are sending and/or receiving, please make sure you are using OMNI wallet address as a destination.

How to get VELIC Crypto Loan?

Create VELIC exchange account and complete your KYC

Make a deposit, choosing from Bitcoin (BTC) and prepare 5,000 VELT one-time application fee (*VELT is VELIC’s platform token)

Please note that the loan-to-value (LTV) ratio ranges from 30% to 40%. Example: If you want to borrow $10,000 USDT with a LTV of 30%, you need to deposit 3.334 BTC ( e.g. Exchange rate of 1 BTC=10,000 USDT)

Ubik Capital

Ubik Capital has contributed to the ICON ecosystem in many different areas already:

1.Its DApp Breadcrmb was selected as a final winner in ICON’s Got Talent

2. Partnership with Aero Systems West (ASW)

3. Ubik Capital team has published over 20 articles full of original content

4. Ubik Capital team has participated in 3 ICON videos

5. Ubik Capital has successfully participated in and continue to participate in all official ICON TestNets

6. Ubik Capital has created a site for aiding in staking: provided information about staking, staking instructions, and FAQs.

7. Created a portal for both developers and non-developers to submit DApp ideas and work with the team to help bring these ideas to life at

https://goicx.com

8. Rewarding Loyalty (Longer Staking)

9. Community Engagement

10. New team members in Ubik Capital Team

ICX Station

One of ICX_Station’s first educational initiatives is @MLHacks LocalHost Program. They worked together to build an ICON focused dev workshop curriculum. Anybody can host a workshop, pre-register to have access to host an ICONProject dev workshop.

ICONation

Paradigm

Paradigm Fund has issued new reports on the following cryptonetworks:

POS Bakerz

POS Bakerz announced that now it is part of the initial set of Validator available in Trust Wallet.

From today, you can now stake your ATOM with us and start to earn rewards directly on your smartphone.

What is Trust Wallet?

Trust Wallet is a secure Ethereum and cryptocurrency wallet to store your favorite BEP2, ERC20, and ERC721 tokens on mobile in a simple and easy way.

Available on both Android and Apple, Trust has been the first company acquired by Binance and counts millions of users.

block42 Blockchain Company