KuCoin Shares (KCS) now grant holders low-cost loans through Constant’s P2P lending platform
CALIFORNIA — June 25th, 2019 — Constant, a decentralized finance project, will now accept KuCoin Shares (KCS) as collateral for loans through its P2P lending platform.
KuCoin Shares are the native currency of KuCoin, one of the largest, most popular cryptocurrency exchanges in the world. The token pays dividends to holders as well as granting access to a range of exclusive services, including discounts on transaction fees and prioritized customer service.
“KuCoin Shares are all about rewarding community participation,” said Duy Huynh, founder of Constant. “Holders share in the success of KuCoin while investing in the exchange’s future. Before, holders might have had to abandon their stake in the platform if they needed fiat, but now, they can access liquidity without ever needing to liquidate.”
Constant has been stirring up the P2P lending market with its fully secured platform. Borrowers set their own interest rates and terms, investors provide liquidity, and an algorithm matches them. Since borrowers secure their loan with collateral, which is sold if they default or if its value drops beyond a certain threshold, there are no credit checks and investors’ returns are guaranteed.
“As the digital asset market matures, it attracts more people,” said Huynh. “This emphasizes the need for safe, easy places like KuCoin where you can buy tokens representative of your favorite projects. And as personal portfolios grow, people need options for unlocking value or they’ll be forced to sell. This is where Constant helps — we’re an easy route to liquidity when you’ve got cash tied up in blockchain projects.”
Since launching in 2017, KuCoin has grown to over 5 million users and handles as much as $320 million in trading volume every day. They support over 180 tokens and provide round-the-clock customer support, including fast withdrawals. It’s therefore unsurprising KuCoin Shares have proven so successful, and with Constant adding another layer of value, the prospect of ownership is very tempting indeed.
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Headquartered in California, Constant is an alternative financial services platform designed to strip out the inefficiencies of the traditional banking industry and help people get more out of their money. Constant was founded by a team of scientists, economists, engineers, and designers, fully devoted to the mission of building simple, elegant financial tools for an increasingly interconnected world.
KuCoin is a cryptocurrency trading platform aiming to provide users digital asset transactions and exchange services which are very safe and convenient. This is achieved by integrating premium assets worldwide and constructing a state of the art transaction platform. KuCoin is a full-featured spot trading platform for many digital assets and cryptocurrencies, including Bitcoin, Ethereum, NEO, EOS, USDT, KCS and many more.
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