Nebeus: a cryptocurrency lending platform, has launched AVAX-backed loans. Those who buy bitcoin can leverage this opportunity beyond trading crypto to something more financially befitting, e.g., loans.
The incorporation of Avalanche in Nebeus has made the company one of Europe’s top cryptocurrency lending and trading platforms. The primary purpose of the Avalanche platform is to allow the users to have access to cryptocurrency loans in stablecoins, cryptocurrency, and fiat. It is the perfect meeting point for those who buy bitcoin or its equivalent to coming together to transact.
In one of their press releases, they made it known that the company is committed to finding innovative ways to assist their customers and make them benefit more from their cryptocurrency investments.
Before now, Nebeus customers could buy, exchange, sell, and trade on the Avalanche platform. Today, the company has designed it so that you can as well use it as collateral for a loan on Nebeus, and you can borrow against any Avalanche investments.
Meanwhile, flexible loans usually come with zero risk, covered by a 10-day buffer. The good news is that people who use Nebeus can now activate the Auto Margin Call Management feature. This feature allows the Nebeus customers to automatically manage cryptocurrency collateral when approaching a particular margin call. The Avalanche app platform is designed to power both NFTs and stablecoins.
Why the Avalanche is the Recommended Place to Buy Bitcoin and its Equivalent
Avalanche has been termed the world’s fastest blockchain, and it is aimed at changing the cryptocurrency industry as we know it. Because of its ability to power stablecoins, Avalanche now allows developers to create “subnets:” a private blockchain that validates all the transactions made within it. It offers safer and stronger blockchain technology and contributes to the Avalanche community, an open-source system.
The advantages of Avalanche go beyond serving those customers who buy bitcoin for keeps; it is also meant to reduce cost, reduce the number of environmental hazards, save time, and eradicate all forms of destructive processes you experience in cryptocurrency transactions. The report states that the Avalanche platform can execute 4,500 transactions/sec.
Another reason the Avalanche platform is very recommended is that it deploys a blockchain that suits the need of the user’s application.
With Avalanche, you will be able to process all transactions and can go as far as securing the platform, providing over a 51% security guarantee to all users. Users can also build virtual machines that dictate exactly the blockchain’s operations. Avalanche platform users can also scale up to a million validators using low hardware.
Avalanche has a maximum coin supply of 720 million tokens. And from the way the project is designed, users are meant to decide how fast coins are minted on the platform. These users can also control the rates of the newly minted coin by voting to shift the amount of Avalanche paid out to owners; as a reward for introducing new blocks to the blockchain, the platform pays the user a reward for their hard work.
How can one get the AVAX-backed Loans?
As we have earlier stated, Nebeus AVAX-backed loans make loans faster, as in, you can get your loan as soon as you apply. These loans are pre-approved, they come with a 50% loan-to-value ratio, and unlike the traditional procedures, they come with 0% interest after the first three months.
This latest product is specifically designed to solve each individual’s need and enable them to borrow up to 80% in crypto or fiat. The loan term is meant to last from three months to three years maximum. Customers can borrow as much as $250,000.
Again, you have to understand that Avalanche is meant to be very adaptable. The Avalanche platform is adaptive to the ecosystem and has what it takes to power stablecoins and non-fungible tokens. This feature goes a long way in helping developers create subnets. Avalanche is also designed to be a strong, compatible dApps.
With this, your crypto activities will go beyond the traditional procedures that require individuals to buy bitcoin or other equivalent coins. The dApps feature is expected to confirm every transaction in their thousands every second immediately. This is far above what the traditional decentralized blockchain platform we have today can do.
No matter what you have decided to do on the Avalanche platform, whether you are among users that buy bitcoin or go for crypto loans, you have to understand that processing costs differ according to the Avalanche network congestion.
Every fee made on the platform is either burned or removed from the network. The AVAX becomes scarcer, and Avalanche customers (especially those who buy bitcoin) will also have to decide their transaction fees and to, make the AVAX fees vulnerable to change.