What is Atlantis Loans? Atlantis Loans is a multi-chain, surveillance-free DeFi lending protocol running on Binance Smart Chain. In this article, you can find answers to questions that investors wonder, such as what Atlantis Loans is, what it offers, what is ATL, what it does, how to buy it. As Kriptokoin.com, we have prepared it for you. Let’s examine together.
What is Atlantis Loans?
Atlantis Loans was released in October of 2021. The project basically aims to offer attractive interest rates to users. It also aims to make it easier for its users to borrow and lend using crypto. The project is currently on the Binance, Avalanche and Polygon networks. Accordingly, Atlantis provides its users with multi-chain asset support. Users can trade cryptocurrencies on major networks. The platform is completely open source and decentralized. So the platform is managed by the community. Additionally, the DeFi project has a native cryptocurrency called ATL.
What does Atlantis Loans offer?
There are various features that the Atlantis Loans platform offers to its users. First of all, users can make crypto debt transactions through the BSC, Avalanche or Polygon chain. It gives confidence to its users due to its decentralized and unobservable structure. However, the platform aims to reduce the high transaction fees in the DeFi space. In other words, users can perform lending and other DeFi transactions with low fees.
The platform also hosts an innovative security system. Security monitors within the platform immediately detect accounts that destabilize the protocol. Security monitors can generate revenue by eliminating problematic accounts on the network. However, users can earn interest, as with any lending protocol. Those who want to access liquidity get loans through Atlantis Loans. In return for the loan, it pays interest to the liquidity provider. The platform provides access to 15 markets alongside three major Blockchains. Finally, it supports its users with its clean and simple interface and instant notification feature.
What is ATL? What does it do?
MikeM, who is also the founder of the Venus Finance project, created the Atlantis Loans platform. Shortly after the platform was launched, the native cryptocurrency ATL was launched. Known as ATL on the Binance and Avalanche networks, this token is on the Polygon network as ATLX. However, the altcoin has many use cases within Atlantis. First of all, ATL coin holders get the advantage of participating in the management. They get voting rights in the decisions taken for the continuation of the platform. In addition, they can submit proposals to the management on the issues they want to change.
In addition, Atlantis users can earn passive income by providing liquidity to the platform and lending to other users. These earnings can be bought with ATL coins. However, you have to pay a transaction fee to execute a transaction on the platform. In this regard, altcoin stands out as a payment method. Finally, users can become security monitors. They earn ATL coins by detecting suspicious accounts.
What is Atlantis Loans? How to get ATL?
Users who want to buy ATL must first access a cryptocurrency exchange where the asset is listed. Currently, Atlantis Loans is not traded on large and high-volume exchanges. Therefore, to access the altcoin, you need to be a member of one of the PancakeSwap and MDEX exchanges. Interested investors should verify their accounts after signing up for the exchange. Then, they should deposit an asset suitable for ATL parities in their wallet. By following these transactions, it is possible to place a purchase order for ATL coin.
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