CoinLoan ICO Review

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CoinLoan ICO Review and Summary

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CoinLoan ICO is currently underway and it offers something indeed revolutionary – loans secured by crypto assets.

Check out this CoinLoan ICO review to find out more about the platform itself and why it is a good investment opportunity.


This revolutionary idea will let you lend and borrow money. There is nothing new about it.

However, when you add the notion of cryptocurrency, it certainly becomes an interesting idea worth our attention and, perhaps, our investment.

You can check out CoinLoan’s website at and see for yourself what type of project this is.

The people who created it aimed to solve currently big problems in the lending industry that both people who borrow funds and who lend funds face on a daily basis.

Essentially, what you can do as a borrower of fiat funds in CoinLoan is deposit your crypto assets into their safe.

This deposit will act as collateral for your borrowings. Once you deposit, you can borrow fiat funds which are up to 70% worth of your current crypto funds which you had deposited.

If you fail to return the amount that you have borrowed, your deposited crypto assets will be transferred to the lender as a repayment.

On the other hand, lenders can deposit fiat funds and enjoy as their interests on the deposited money slowly do the job and increase their assets.blockw

The risks of their money not being returned by the borrower are non-existent because they will, either way, be repaid in crypto assets that the borrower deposited as collateral.

Sounds interesting but slightly complicated, when put this way.

However, they have a thorough FAQ on their website that explains the whole process step by step.

What matters to us is that they plan to go global with this project, meaning that people on a global scale will be able to loan and borrow funds on the website, using cryptocurrency as a security measure.

For now, they plan to introduce several fiat currencies – USD, EUR, GBP, CNY, JPY, RUB, CHF, PLN, and CZK.

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CoinLoan ICO – Investment Opportunity

The sole idea that you can use crypto funds as collateral is the superb way to apply the technology of blockchain and cryptocurrency.

In this matter, we salute the originality of the idea and how it fits perfectly with the currently popular technology.

Furthermore, they will use something called a CoinLoan Token (CLT), which is basically a cryptocurrency of their own that they sell in their ICO.

It is a type of token that is compatible with ERC-20 and that is based on the Ethereum smart-contract. Once you buy your CLT, you will later be able to use them as:

  1. Paying the platform fees, as the platform will charge every loan.
  2. Using them as every other crypto asset on the website – as collateral.

The main reason why we recommend buying CoinLoan Token (CLT) is that if you plan to use their services, CLT will have a slight advantage in comparison to other types of cryptocurrency.

If you use CLT as collateral, you will not have to pay the platform fee that you would have to pay with other crypto assets.

Furthermore, you will be able to raise the loan of the 80% of the current market value of CLT, whereas you will be able to raise 70% with other types of crypto funds.

Sure, just as every other ICO, this one is a bet when it comes to buying their tokens.

Their idea is interesting and they aim globally, which means that they will certainly hit some minor obstacles during their expansion.

Although the future is always unforeseeable, CoinLoan’s team provides a pretty strong white paper supporting their idea and how they plan to make it come true.

What we see as potential obstacles include a potential competition and reaching to the countries that still do not have the technology developed enough.

On the other hand, even if they manage to carry their platform into effect only in several countries with a strong economy, it will still become a very successful platform.

The Team behind CoinLoan

For now, their main team consists of 10 people, two of which are the founders of CoinLoan – Alex Faliushin and Max Sapelov.

Although never explicitly on the website, we have found out that the project is Estonian, which should count as a big advantage due to the fact that Estonia is currently one of the most forward-thinking countries in terms of IT.

Estonian government is also very open towards blockchain technology. This is a reason good enough to provide the safe growth of the CoinLoan.

Alex Faliushin is the CEO of the project and has been in the IT and finances for more than seven years.

His LinkedIn states that he specialized in international payment solutions as well as the organization of processing and accepting payment in high-risk industries.

The CTO of the CoinLoan, Max Sapelov is an expert for security, system architect and software engineer.

He is also very enthusiastic about crypto and blockchain technology.

Both Max and Alex have a security company called IT Security Group, which seems to have fallen into oblivion when they started working on this project.

Other team members will be listed below, together with their job title in the CoinLoan project.

  • Eugene Landau – lead developer
  • Alex Marsoff – designer
  • Eugene Rudenko – frontend developer
  • Anna Salyuta – digital marketing manager
  • Mike Rozhko – business developer
  • Semen Zverev – lead engineer
  • Valentin Pivovarov – ambassador
  • Nika Marin – community manager

The team presented on their website consists of the people listed above and we think that they all are professionals in their field of work.

What may come as a disadvantage currently is the size of their team, as we believe that for a project this big, more people are required in a team in order to get the work done faster and more effective. We honestly hope that their team expansion is planned.

CoinLoan Team Picture

The Advisors

Now, their team may be small, but the people who cooperate with them and provide support are certainly experts in their areas. CoinLoan is sure to get their advice from the best. Here is a list of this interesting bunch, with a short summary of their work history and proficiency.

  • Mike Shokin – a financial analyst who is knowledgeable in corporate finance, making sure to use his skills and extend them to the technologies of blockchain and cryptocurrency. He worked as a research analyst in ING Barings and was teaching in NYU. He has degrees from Baruch College, New York, and SOAS.
  • Desmond Marshall – founder and MD of Roufe Ventures, Desmond Marshall stands for a professional in his area. His company provides strategic consulting for investment. Desmond, together with his company, provided consulting for many governments as well as old and new companies worldwide.
  • Anton Sergeev – a professional banker with more than 15 years of corporate finance experience. Anton seems eager to help all the start-ups that involve any type of finance. Having a whole history of successful start-ups, he seems to be the perfect advisor on the CoinLoan project.
  • Daniele Azzaro – having worked for global financial institutions such as the Bank of Scotland, Barclays, and Lloyds, Daniele excels at financial crime prevention and digital innovation. He has several successful marketing-related solutions behind him and currently cooperates with several other ICOs, leading their way to success.
  • Arturas Svirskis – Arturas is an expert when it comes to entrepreneurship, business development, and marketing. Since 2014, he has been actively participating in crypto industry, working with services that provided better access to Bitcoins for everyone. Mr. Svirskis is currently the head of business development at Welltrado.
  • Boris Otonicar – Boris focuses mainly on blockchain and its design, serving as a blockchain consultant to numerous companies. Apart from coming up with his own models for blockchain, Boris also works at the University of Zurich as a statistic tutor.

Token Distribution Info

At the time of writing this article, there are still 20 days left for the Initial Coin Offering (ICO) to end.

Their currency, CoinLoan Token (CLT) will serve as a type of cryptocurrency that will be used solely within the system.

CoinLoan Review ICO Chart 2

As they state in their whitepaper, the main purpose of CLT, which can be bought in the ICO, will be to pay loan fees on the platform.

Furthermore, investors will get privileges when it comes to borrowing loans, as they would not have to pay fees to the system.

The project already had its pre-ICO which happened in Q3 of 2017.

At that point, the value ratio between USD and CLT was 1:1. In other words, 1 CoinLoan Token was worth 1 dollar.

If you managed to buy CLT in that period, you’ve made a good deal. 5 million CLT were offered in pre-ICO.

What is more important to us is the ICO which is currently underway and where 15 million CoinLoan Tokens are offered.

The minimum amount needed for the project is projected at 3 million USD. The soft cap amount has already been reached during pre-ICO, and their hard cap is projected at 56 million USD.

Currently, the distributed amount of CLT in their ICO is 90%, which means that they have collected roughly 50 million dollars and that their campaign is more than successful and will likely reach the hard cap.

The CoinLoan team has stated that the price of 1 CLT during ICO will range from 2 USD to 8 USD, depending on the investment.

Since they are close to reaching the hard cap, the current price of 1 CLT is 2 USD.

If the idea seems interesting to you so far, now would be the perfect time to invest and buy CLT, as the ICO will end soon and all the 15 million CLT which were planned for ICO will be sold out.

They accept Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and fiat currency (USD) and EUR). The total number of tokens that are issued is 22 million and the distribution goes as such:

  • 5 million were offered in the Pre-Sale (pre-ICO)
  • 15 million are being offered in ICO
  • 2 million is reserved for the team and advisors

The CoinLoan team also states in their whitepaper that as much as 50% of the CLT will go to the expansion to the international audience.

15% will go to the platform development and 15% will go for marketing and business development.

10% will serve for the purposes of legal registration and the remaining 10% will serve as the reserve fund.

We believe that this is a fair distribution of funds, but that it lacks a more thorough explanation.

The 50% that goes to expanding the audience is only given a short description that adds „licensing in other countries“.

Although we are not familiar with the licensing costs and processes, we believe that it would be a good idea for the team and the advisors to provide more information on this matter.

CoinLoan Review ICO Chart

CoinLoan Whitepaper

Generally speaking, the whitepaper contains all the information that one investor is looking for in order to buy CLT in the ICO. The paper is comprehensible and provides data which favor the project. The only thing that the whitepaper lacks is mentioned in the previous section – a more thorough explanation when it comes to funds spending for expansion.

The Roadmap

The roadmap for CoinLoan is pretty simple and straightforward.

They started generating the idea and the market potential back in the last quarter of 2016. 2017 saw the development launch and, so far, they have successfully concluded pre-sale and started their ICO.

We’ve come upon the fact that they started to expand their team during the last part of 2017.

This is generally a great idea, as our criticism towards the team size was expressed in one of the previous sections of this article.

Apart from the team expansion, the project also developed legal structure and submitted documents for licenses at the end of 2017.

When it comes to the future, they plan to finalize the core for the platform and to get all the licenses they need for payment in the second quarter of 2018.

The third quarter is planned for the development of iOS and Android applications and, finally, in 2019 CoinLoan plans to get the licenses and enter the Asian market.

They are doing great so far, and this roadmap, although obscure, provides enough general information on the project’s future.


CoinLoan ICO Review Roadmap


Pros and Cons

Here is a short overview of all the advantages and disadvantages regarding CoinLoan platform


  • Good price for 1 CLT (currently at 2 USD)
  • Great and reliable team with the set of advisors who are experts in IT and finance
  • The project is already doing great when it comes to ICO (pre-ICO concluded successfully also)
  • Original idea for storing crypto assets and lending/borrowing fiat funds
  • Potential to go global and have millions of users


  • The team is still relatively small for such a big project
  • There are no further pieces of information on how funds will be spent
  • Possible competition along the way

Social Links

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CoinLoan is certainly a unique way to revolutionize the way people borrow and lend money.

With their interesting idea of storing crypto assets as a security for payment, people worldwide will certainly be interested to be a part of such a project.

The biggest advantage of this platform will be the easy to use interface with which one could deposit and borrow the money.

We believe in the small but up-and-coming team from Estonia and we are sure that they will reach the hard cap for their platform. If you want to be a part of this rocket that is about to be launched, we suggest that you take your time and further investigate the CoinLoan project. Eventually, you will see for yourself that the project is certainly worth the investment. Why not spend some Bitcoin, Ethereum, Litecoin or the fiat currency and position yourself as the CoinLoan investor?


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Scorum Coins ICO Review

Scorum Coins ICO Review

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Social media for sports? The idea itself sounds interesting.

What makes such an idea revolutionary is the blockchain support.

Well, one such idea is embedded in a project called Scorum.

Shortly, this website is all about the creation of sports content.

Fans of sports would also enjoy a personal space where they can pick and create information regarding sports.

Every time they express how passionate they are, they get rewarded. So, how can this be? Read this Scorum ICO review and find out!


Scorum was founded by three fantasy sports fanatics and professionals from Belarus.

All of them foresaw the importance of blockchain as well as the expansion of cryptocurrency, thus planning to bring together something that is profitable with something they like – cryptocurrency and sports.

The rest of the team is indeed superb, involving top professionals as well as two famous sportspeople – Timofey Mozgov and Alexander Hleb.

Foundation Principle

The founders saw a certain hole in the sports industry, stating that sports consumers and fantasy sport players can earn from their passion, thus making a whole new type of internal economy.

When stated in numbers, they claim that there are approximately 1 billion sports fans who are unaware of the potential profit that they make.

Namely, they generate up to 8.5 billion visits to the media that covers a wide variety of sports.

Financial Overview of Scorum Cojns Market Overview Display Image

This makes a huge profit for these media, but those who were responsible for generating such a huge number of visits are left without a penny.

Scorum states that the sports industry is not willing to reward sports fans who make a profit for them, claiming this unfair.

This was a reason good enough to start correcting the problem using the new technology as well as original ideas.

Both authors and readers who engage with the content will see financial gain.

The idea of the Scorum is to award authors of content for their activity.

This can be every type of publication, comment or photo that is published on this social medium. On the other hand, readers get to vote and decide what type of content is good.

Regarding the internal economy, they claim in their whitepaper that the whole model of the economy is based on the system which makes their cryptocurrency supported by the real economy.

Furthermore, they state that all of the participants in their system should have equal benefits. Their official cryptocurrency is named Scorum Coins (SCR) and it is offered during Token Crowdsale.



The Organization of Economy and Token Distribution

Apart from Scorum Coin (SCR) which is available for purchase in the Token Crowdsale, the creators came up with the idea of Scorum Power (SP) which will serve a type of internal currency used for users’ interactions. Scorum Power and Scorum Coin have the identical value of 1:1.

You will be able to use SCR in several cases which include purchasing partner products and services, paying for in-platfrom ads and betting.

SCR purchase will be conducted via the Scorum website, and Scorum itself, together with their platform will be the functional intermediary when it comes to exchanges of cryptocurrency.

Although Scorum Power (SP) is of no interest to us currently, it is worth mentioning how users will be able to use this type of token.

First of all, they will be only usable inside the platform of Scorum. Also, they will serve as a type of prestige points.

The more SP you have, the more likely to gain delegate status and be able to influence the project development itself. People who have more SP will have more voting power as well.

Converting SCR to SP will be relatively easy and instant. On the other hand, SP to SCR is a more complicated process, which you can read about at Scorum’s whitepaper.


Scorum Coin Tokens FOR CROWDSALE


In order to finance this idea and the development of it, you will be able to buy Scorum Coins (SCR) which are issued by Scorum team.

As a token purchaser, you will be able to buy them during the Token Crowdsale.

However, the total number of Scorum Coins that will be issued will total in 20M. Scorum divides this number in the whitepaper the next way:

  • 18.6M Scorum Coins (SCR) are on sale and people who buy them will support creating and developing the project.
  • 930 K Scorum Coins (SCR) are available through distribution via Token Crowdsale Affiliate Program
  • 470K Scorum Coins (SCR) are bonuses and incentives which are shared withing Scorum team on a long-term basis.

Scorum team states that this is the total number of SCR for now. All the further SCR can be obtained through conversion from SP to SCR.

Furthermore, the Affiliate Program mentioned above will give 5% of total SCR being sold by a referral code that you get when you register for this program.

There are several stages of Token Distribution in Scorum ICO. The 20 million SCR that they offer will go through several stages:

  1. The first 1.6M SCR are sold at the rate of 1 SCR = 0.5 USD. This is a 50% discount and totals in 800K USD.
  2. The second 2M  SCR are sold at the rate of 1 SCR = 0.75 USD. This is a 25% discount and totals in 1.5M USD.
  3. The third 3M SCR are sold at the rate of 1 SCR = 0.9 USD. This is a 10% discount and totals in 2.7M USD.
  4. The rest is 12M SCR and is sold at the rate of 1 SCR = 1 USD, which is the nominal value.

Scorum points out that the fiat currency represented is just to provide information.

They state that fiat currency will not be accepted when it comes to Token Crowdsale. Instead, they will accept Bitcoin (BTC) and Ethereum (ETC).

Their hard cap is estimated at 17M USD. Also, according to the latest information, 93% has already been distributed in ICO, with the price of the SCR currently being 1.00 USD.

Undistributed Tokens, Scrotum promises, will be destroyed after the sale.

The SCR gained in the sale and distribution process will be divided in the following way: 65% for the development process, 20% for marketing and 15% for legal support.

Scorum includes in their whitepaper a detailed overview of their future spending.



What is the Progress of the Project?

The early research for the project began in 2016. Since then, they have successfully built their fantasy sports platform prototype, which was completed in December 2017.

At this moment (January 2018), we are only given a short outline of what their plans are for the future milestones on the project.

However, their whitepaper states that different parts of the project are more developed than others.

Furthermore, they say that everything is going as planned and well and that the beginning of 2018 should see their blogging platform and system for rewards ready to use.

Also, currently they are at the stage of Crowdsale and it will last until mid-February.

The Scorum team has provided a short outline of milestones regarding the project.

In short, they plan to launch blockchain and online wallet in March 2018 and to integrate the platform for fantasy sports with SCR in April 2018.

In May 2018, they plan to go public with Microsoft’s Power BI integration and to put the live blog into action, together with its reward distribution system.

June is reserved for betting exchange start while in July they plan to implement the advertising system.

In September, they will add sports data visualizations and October will be reserved for adding the most popular sports leagues of USA to the statistical center.


Scorum Platform Display Image


When it comes to the partners, Scorum takes pride in having some of the big ones right now. Here is a short list of their current partners and their descriptions:

FAQ Regarding the Scorum Project

Can SCR be traded at an exchange?

You will be able to trade SCR for other cryptocurrencies at exchanges.

Can SCR be mined?

SCR cannot be mined, but Scorum states that you can get rewarded by signing blocks.

What is the best wallet for buying Scorum Coins?

It does not matter which wallet you use. You will receive thorough instructions on how to buy SCR once you make an account on Scorum.

What currencies can I use to purchase SCR?

Ethereum (ETH) and Bitcoin (BTC) are the two possible options.

What is the minimum purchase for Crowdsale?

There is no minimum. You can buy as low as 1 SCR.

Is the Etherum blockchain basis for Scorum Coins?

Blockchain of Scorum is actually based on the Graphene Framework. There is a certain algorithm in this framework which is responsible for the fast speed of transaction.

Scorum team points out that it allows for as much as 10 000 transactions every second.

This algorithm is called DPoS (Delegated Proof-of-Stake).

It will also allow free transaction among Scorum users. Steem and Bitshares use this type of blockchain system and it has received very positive feedback.

These advantages of Graphene Framework are possible because nodes signing blocks are scheduled in advance.

Furthermore, each node allows for transaction processing to be effective, and the data that is required for transactions validation is permanently stored in the memory.

When will SCR be listed on major exchanges?

First, they plan to publish the blockchain and Scorum Wallet.

This will happen, according to their milestones plan, sometime during March.

For now, they are partnered with OpenLedger and still keep other listings a secret.

However, they promised to give more info on this matter as soon as the crowdsale is finished.

How is the economic model of this project sustainable?

They base their model on three streams of revenue which are more or less independent.

Those three streams are the income from photo database, partners program and the internal advertising.

They add that they are sure to succeed because it is supported and based on the real economy.

What is your web infrastructure like?

Scorum promises to create a variety of containers in a cluster using Windows Azure cloud.

They use Azure Container service which provides great support for Scorum nodes of blockchain in a Docker-container.

They claim that this type of cloud solution allows them to be available even during peak load times.

Also, they will scale the cluster if the request volume requires so, thus making their cloud solution very convenient.

Is the Crowdsale legal?

Yes. According to their website, everything is completely regulated. They even provide their legal document called Terms of Token Crowdsale, where all the necessary information can be found.


Scorum surely sounds like a lot of fun. The idea is certainly revolutionary and as such attracted already thousands of people who are interested in buying SCR and participating in the crowdsale.

They aim very high, speaking in billions when it comes to platform visits.

Scorum goes on to claim that this will get the attention of all the sports fans and sports content creators.

This means that their idea will not only become the biggest fantasy sport and betting website but also the biggest sports medium.

Everyone gets the chance to participate, be it as a content creator or the user who evaluates content.

This means that everyone gets their fair share of Scorum Power (SP) that can later be converted into Scorum Coin (SCR).

Therefore, is you are looking to invest in a website that will eventually become the biggest sports betting market, have CPC advertising system and their own cryptocurrency with the potential of reaching 1 billion users, then you have found your heaven.

You’ve got to admit it – Scorum ICO looks pretty good.

It is exactly this combination of the platform for both sport enthusiasts and the professionals, combined with the interesting blockchain technology and good economy system that makes Scorum a smart investment.


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