Benefits of Cereal

A Quick Introduction to a New Crypto Ecosystem

Hodl On

Crypto assets are quickly becoming an essential component of many people’s portfolios and are clung to with the famous “HODL” mentality. However, holding (or “hodling”) crypto assets negates their usefulness for short term liquidity.

Compounding this lack of utility, increasingly, more and more tech companies with significant holdings in crypto assets are required to sell their tokens to gain short-term access to fiat for payroll and bills. This is particularly a problem for crypto miners who raise large revenues in crypto assets, but face hurdles in transforming their crypto into liquid fiat for purchasing more mining equipment.

Cereal both solves the liquidity problem and creates an entirely new avenue for utilizing crypto holdings.

On Loan

Cereal is an ecosystem that allows crypto holders to gain crypto-backed fiat loans. Up to 50% of the value of crypto holdings can be offered as security. In the instance of high volatility, automatic margin calls remove much of the risk from the ecosystem. Automatic solutions for calculating loan sizes mean that users are not required to undergo cumbersome and timely credit score checks.

New Credit Products and Mining for All

The Cereal platform is not restricted to fiat loans, but will also enable other innovative products including installment payments for crypto mining hardware. Cereal have partnered with Giga Watt, the largest crypto miner in the United States, to deliver an innovative financing package that allows crypto miners to be purchased with a 50% down payment, and then repaid with monthly mining income. This will enable more people than ever to enter the crypto mining space.

The CRL Token

The CRL token will provide numerous advantages to users of the cereal ecosystem. Token holders will get lower interest rates; require smaller deposits; longer payback periods; and early access to key features. Cereal plans to offer credit cards in 2019. CRL token holders will gain both early access and cash back on purchases.

Cereal is an exciting new product ecosystem that opens a window to an entirely new world of functionality for crypto asset holders. As the crypto asset market expands Cereal will be uniquely positioned to develop an entirely new rationale for crypto asset hodling.

To learn more, the Cereal Whitepaper is available here.

To join the discussion, visit the Cereal Telegram at: https://t.me/cerealico

Cereal ICO website: https://cereal.cryptonomos.com/

Product website: https://cerealfinance.com