Re: [ANN] [ICO] CEREAL - BLOCKCHAIN ECOSYSTEM FOR ASSET-BASED LOANS

This name makes me hungry for a reason.. :O

I start my day with Cereal too

Best
CT

Hello, this seems to be a good project as these days the demands of loan using crypto using assets are increasing.
Between how will be the loan amount and monthly payments be tracked?

Hi, After the client transfers his assets to Cereal as deposit, we transfer the fiat money to the clients account. Information about monthly payments and the current loan status is shown in the clients personal account. The client can make monthly payments using the service of the Cereal partner - a financial institution operating in the region of loan issue. After full loan repayment, the deposit is returned to the clients wallet.

Best,
CT.

Great! Thanks for the clear explanation. So basically a client can open one account and can track their multiple loan status from there. I confirmed from Cereal Telegram team that we have the option for multiple loans but it depends on our portfoilio alongside the more amount we hold the more benefits we receive.