Introducing Long Term ETH Loans

The bulls are roaring again. A regulated ETF might be on its way. Sensible ICOs are hitting the market and with more regulation and awareness the community is weeding out scams. As you hop on to this bull cycle, there is one important tool that you have been missing which can help grow your assets by providing additional liquidity. Introducing Long Term ETH loans.

Using Nuo Lend, users and institutional investors including crypto funds can raise debt in ETH against other ERC20 tokens without selling them and get additional liquidity for 6 months or even an year in a completely decentralised way.  This would give you enough time to make other investments, wait for investment tokens to list on an exchange and book your profits.

1. To get started, you would need to create a loan request by choosing a collateral token. This collateral will be with the smart contract till you repay your ETH loan. You can then choose a premium (2.5% for every 30 days is recommended) and the duration of the loan (90, 180 or 360 days recommended for long term). You can choose to repay back the loan in 1 instalment or upto 10 instalments.

2. Once you have fill this loan request form, you would need to pay gas (Ethereum Network fees) for creating a smart contract for this request. Once a smart contract is created successfully you would need to authorise and transfer the collateral token to the smart contract. We have over 50 tokens supported for transferring the collateral.

3. Once the loan request is created successfully it would be visible to all the lenders on the platform and will get funded soon. Since the entire Nuo Lend product is completely decentralised and runs on smart contracts you can keep a track of your collateral in the smart contract and ensure that you don’t default at any time. 3 days before the end of the loan tenure, you would get a notification for repayment and you would have to transfer the loan amount along with the interest rate you had promised failing which you would lose the collateral in the smart contract.

Oh and currently the gas price is quite low and your loan request would cost around $3-5 worth gas (network fees) and to compensate for that we are giving you $10 as a crypto cash-back in your account which will make you profitable from Day 1.

Now never miss an opportunity to invest in an ICO because of lack of liquidity. Happy Investing.

  • Borrower Tutorial: Asking for a Loan on Nuo Lend

  • Lender Tutorial: Earning Interest On Crypto by Lending

Nuo is a decentralised and transparent crypto banking platform. It acts as a blockchain powered financial control centre to store, spend, borrow and grow your crypto-currencies. Install the android app or try out our crypto backed loans platform.

Nuo Lend now supports BNB backed ETH loans

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We are delighted to announce that Nuo Lend now supports Binance Coin (BNB) as a collateral token. You can now get instant liquidity in ETH against your BNB tokens without selling them. This will enable users to keep the upside of BNB tokens which has outperformed the market consistently over the last few months. The Nuo Lending platform is completely decentalized and runs on smart contracts on the ethereum mainnet. Most loans get funded in few hours and the ideal loan amount to borrow is over $100. We are giving $10 crypto-back for first 50 loans on the platform.

To get started, please go to and click on apply for loan. Select BNB token as the collateral and create a repayment structure best suited for you. Once you create the smart contract, transfer your BNB tokens and voila.. you application is live 🙂

Augur Is Live: Betting with no Single Party in the Middle

Augur is Live
Augur is Live Image Courtesy –

In 2015, when very few were talking about ICO’s the creators of Augur – decentralized platform for betting on real-world predictions, based on Ethereum blockchain sold reputation tokens for over $5 million. With Forecast foundation behind Augur development finally, the Augur platform is live as open source software. Augur allows participants to bet on anything with a distinguishing feature that there is no central party or mediators hence users are likely to pay lower prices.

Read more at coindesk

Nuo is a decentralised and transparent crypto banking platform. It acts as a blockchain powered financial control centre to store, spend, borrow and grow your cryptocurrencies.

[Breaking] $12.5 Million ETH stolen as Bancor gets hacked. We tracked down the wallet that caused the breach.

At 00:00 UTC, Bancor experienced a security breach. A wallet used to upgrade some smart contracts was compromised. This compromised wallet was then used to withdraw ETH from the BNT smart contract in the amount of 24,984 ETH (~$12.5M). The same wallet also stole 229,356,645 NPXS (~$1M) and 3,200,000 BNT (~$1oM).

Once the theft was identified, Bancor was able to freeze the stolen BNT, limiting the damage to the Bancor ecosystem from the theft. It is not possible to freeze the ETH or any other stolen tokens. Primary analysis shows this wallet address and the transaction hash that led to the breach. 22,000 ETH were transferred for a transaction cost of just $0.88 at 61 GWEI. Read the official statement here.

Nuo is a decentralised and transparent crypto banking platform. It acts as a blockchain powered financial control centre to store, spend, borrow and grow your cryptocurrencies.

Huobi Australia Offers Ten Cryptocurrency/AUD Trading Pairs


Huobi Australia who struck a strategic partnership with Blockchain Global has announced trading of ten cryptocurrency/AUD pairs. These include Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), and Litecoin (LTC). Well, this is not it, they also plan to add more cryptocurrencies in the future. Huobi recently launched its investment fund targeted at supporting blockchain-based startups is another step to give fierce competition to rivals and seize more significant market share.

Read more at bitcoinist

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