You can now use digital artwork or NFTs as collateral to free up some cash while they appreciate in value. Please visit here for more.
Which NFT collaterals are supported?
As NFT space is fairly new and liquidity is limited, we will be supporting the most recognizable NFT collections first. We currently only accept NFTs with an appraised value of at least $50,000. If your NFTs were not purchased from an approved marketplace, please contact us for more information.
What loan currency is available?
You will be able to take out loans in IDK.
What are the interest rates?
The interest rates depend on the borrowing tenor, market value, liquidity, and community support of your NFT.
How long can I borrow from Tokenomy?
The loan tenor can be 30/60/90 days. However, the borrower can roll over the loan once the loan is due and the interest is repaid. The NFT may need to get re-appraised upon new loan initiation.
What happens when I pay back my borrowed funds?
Once your repayment is received with interest, we will release the NFT and transfer it back to you. If the borrower fails to repay the loan upon maturity, the NFT will be used as a form of repayment.
How to Apply?
1. Submit a Request
Send in a request by filling out the application form available here
2. Review & Appraise
Our team will review the request and obtain an appraisal for your NFT.
3. Get Your Loan
If your NFT collateral is approved, we will send you a loan agreement and you can take out your loan!