Below you can find answers to the most frequent questions asked by our borrowers, lenders and investors.
Trittium is a block-chain based peer-2-peer lending platform.
It allows holders of Blockchain assets to leverage their holdings as collateral for cash loans. Trittium is the first asset-backed lending platform to give Blockchain asset holders access to liquidity without them having to sell their crypto currencies. We provide investors with an innovative and secure opportunity to lend against a high-growth asset class through a fully-collateralized debt vehicle.
Blockchain assets are an ideal form of collateral because they are inexpensive to transfer, store, and liquidate when compared to traditional forms of collateral like real estate or stocks. The key innovation of the Blockchain is its distributed, peer-to-peer ledger. The Blockchain allows for the highly efficient management of collateral in a transparent and publicly viewable manner. This eliminates fraud and greatly lowers transaction costs. Because Trittium is built to capitalize on the advantages of distributed ledger technology, we can offer competitive interest rates to borrowers and an attractive risk/reward profile to lenders.
Trittium is the name of the brand and crypto currency coin owned by Megano International Co.
Megano International Co is registered in Talin, Estonia…
Estonia is a European Union member, which has its E-government and provides E-residency for entrepreneurs. This means that the company can be managed completely online.
Estonia also grants specific licenses to companies which are operating with crypto currencies which allows us to offer wallet and crypto exchange services.
One of the reasons that Trittium chooses the Blockchain technology is that there no borders and limits for crypto. trttLoans and all other trttServices are available worldwide.
To apply for a loan follow these simple steps:
– sign up on Trittium
– deposit crypto assets to your account
– set your desired loan terms and submit your loan request
There are no credit checks performed by Trittium and nothing is reported to any credit agencies. The loans are secured by your crypto assets.
You can take up to 70% of the current market value of the deposited crypto collateral.
There is no limit to the number of loans you can take as long as you maintain enough crypto assets on your Trittium account to cover for them.
If you can’t make the repayment, the system will automatically liquidate a part of the crypto-asset collateral to cover the repayment amount.
In such cases the borrower will get number of notifications that the value of the collateral decreases and will be asked to put some more crypto as collateral to secure the loan or to repay the loan in advance. If the borrower doesn’t take any action in certain period of time, the system will automatically liquidate the collateral.
Not at all. The personal data of lenders and borrowers is confidential.
To start lending follow these simple steps:
– sign up on Trittium
– deposit fiat funds to your account
– accept a borrowing application of your liking
There is no limit to the number of loans you can provide as long as you maintain enough fiat funds on your Trittium account to cover for them.
If the borrower misses a regular repayment, the system will automatically liquidate part crypto-asset collateral to return the funds with the interests to the lender.
All loans provided on the Trittium platform are secured by the borrower’s crypto-asset collateral. During the loan term, the crypto-collateral will be stored in the Trittium wallet. If the borrower fails to repay the loan, the system will automatically liquidate the crypto-asset collateral and return the funds with the interest to the lender.