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Want to Apply for a Personal Loan?

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Personal loans are basically the money given in credit to any customer by a money-lending institution. Now the terms of repayment are decided by the lender after the best personal loan is approved for a customer. The personal loans have various factors that affect the approval like the ones of current bills, credit score, income, unsecured debt and the purpose of the loan taken. All these factors are looked into by the lenders like banks and then a bank loan is sanctioned.

One of the important things that are considered for a loan is the recipient’s credit score. Several bills are added and reported to the score of a credit of the person taking loans. Bills of living expenses, medical requirements and credit cards are the ones that a bank or any financial institution will take a look into. If anyone has reported bankruptcy against the recipient, it will be a problem since it badly reflects in the report of the credit score. Even your repayment on time reflects on the same. So by now one must know that credit score maintaining is an essential.

If the situation of your credit score becomes too worse for you to even manage everything at the last moment, there are other options open as well. Since banks might not sanction loans for bad credit, you can resort to individual lenders like people in your own family or people amongst your friends. But at the end of the day, it will be your responsibility for your image. If you can recover the loans within the time promised, then you are safe or else it might hamper your relations with the person from whom you are borrowing some money for purposes better known to you. In this case you won’t have to pay a personal loan interest rate.

Unsecured debt is another factor that affects your approval for the loan you want to take. Well, these kinds of debts are any debt with an interest rate that’s always fluctuating. They are very dangerous in nature because they might put one at risk of losing control. This might prevent any lender to receive their payments in equal monthly instalments. Personal loans can also be termed as quick loans since they can also be attained within 24 hours but before applying for these, it is advisable to reduce as much as unsecured debts as possible. This will not only affect your credit score in a positive way but will also minimise your budget for every month. It will be easy for you to get your loans sanctioned within time.

If you have asked for a loan, your living expenses will also be under consideration. These expenses might include food, utilities, gas, insurance and all kinds of rents you pay such as house rent, garage rent, etc. In case you have a roommate, banks will look into this matter as well as in how much is paid by you and your roommate. Now, if the living expenses of yours are the majority within your income, it is better if you borrow money from a person you know. This is because the banks take this as a negative factor while sanctioning the personal loans.

The utmost important thing that you must carry when you are applying for a loan is your income statement that will act as an income proof. A minimum proof of income for three months will be required since other factors like the longevity of your employment at the current company, your incentives per month, etc. If you have saved up a part of your income for emergencies like the ones of financial or medical, the banks will also take them under consideration and will then grant you money on the basis of personal loan rates.

Lastly, if the amount is small, it might look very small but these amounts can have the capability to put you in deeper debt than resolving your problems. Have a plan of your budget inclusive of expenditures and savings.

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Divergence Lists on AscendEX

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Divergence Lists on AscendEX

On Sept. 23 at 1 p.m. UTC AscendEX will list the Divergence token (DIVER) under the trading pair USDT/DIVER. To celebrate the listing, AscendEX and the Divergence team are pairing up to launch a number of limited-time promotional events between 1:00 a.m. UTC, on Sept. 24 and 12:00 a.m. UTC, on Oct. 1, 2021. These events will offer users the chance to share 90,000 USDT worth of pooled rewards.

Divergence is a decentralized platform built for hedging and trading DeFi-native asset volatility with an AMM-based marketplace, trading synthetic binary options. Currently, there’s a lack of practical, easy-to-use solutions for trading and hedging volatility of assets that exist on the different layers of DeFi applications with exposure to multiple sources of risk. 

Volatility derivatives and options products are a significant sector in traditional finance, yet they are still in their early stages when it comes to crypto markets. Derivative products have a high technical entry barrier for retail users, especially for products like options. Divergence has started by offering binary options which have relatively easy-to-understand mechanisms and a binary payoff.  

A key feature of the Divergence user experience is the simplicity of option composability. Option markets on Divergence platform can be created at strike prices and expiration cycles of choice, using any fungible token, including DeFi assets issued by other protocols. The platform features a one-step seeding and minting process, meaning that users don’t need to mint a derivative token prior to allocating funds to a seed pool, minimizing fees for traders.

Divergence has also focused on Capital Efficiency. Only one collateral unit is required to write a binary call or put for a pool with no need for over-collateralization. Once a pool is created, the same collateral is used when it is time to buy or sell options. The smart contract reserves max claims for collateral, providing LPs the flexibility of withdrawing capital before expiry.

When it comes to managing price risk, existing decentralized futures and perpetual products offer linear risk exposures for a limited number of major assets. Options, as a less-developed product, can provide a non-linear risk-reward structure. This allows options traders to build leveraged positions in assets at a lower cost than making a traditional transaction. 

​​The DIVER token is a transferable representation of the governance and utility functions specified in the Divergence platform. DIVER allows holders to propose and vote in on-chain governance proposals to determine future features and parameters of the Divergence platform. Divergence Staking contracts are used to provide higher yield to long-term holders of DIVER tokens. Divergence will periodically share various types of token rewards amongst the stakers and governance token holders.

AscendEX’s listing of Divergence exhibits their strong support for DeFi projects designed to accommodate new retail users and professional traders alike. Divergence’s commitment to a simplified user experience for a very technical product offering is exactly the type of project that AscendEX aims to partner with to open up new retail markets in the crypto space.

About AscendEX 

AscendEX is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 150 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions. 

AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum.  AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage. To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, please visit www.AscendEX.com.

For more information and updates, please visit:

About Divergence

Divergence is a decentralized platform for hedging and trading DeFi-native asset volatility, with its flagship product being an AMM-based marketplace that trades synthetic binary options.  Derivative products have a relatively high technical entry barrier for retail users, especially for products like options. Divergence has started by offering binary options which have relatively easy-to-understand mechanisms and a binary payoff.  

For more information and updates, please visit:

Disclaimer: This is a paid Press Release. Any information contained in this website is not proposed to be and doesn’t constitute financial advice, investment advice, trading advice, or any other advice. The NewsCrypto is not responsible to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release.

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Want to Know the Top 5 Coins For Staking in 2021? Find Out!

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Want to Know the Top 5 Coins For Staking in 2021? Find Out!
  • The validators (stakers) are also paid with the freshly minted coin.
  • Polkadot is a heterogeneous multichain exchange blockchain.

Crypto staking is becoming one of the most profitable methods to earn, invest, and profit.

It is the process of verifying ‘locked up’ digital assets in a decentralized crypto network to guarantee the network’s integrity, consistency, and security. The validators (stakers) are also paid with the freshly minted coin to assist and protect the network.

Here are the best five cryptocurrencies to stake in 2021.

Cardano (ADA)

The co-founder of Ethereum developed Cardano. Thus they have certain similarities. Smart contracts are digital agreements that utilize blockchain technology to verify transactions. Some investors think smart contracts would change society, especially the legal industry.

Cardano is more energy-efficient than Bitcoin. Bitcoin miners utilize powerful computers to solve increasingly challenging puzzles to verify transactions and earn tokens.

Cardano (ADA) staking is possible on Crypto.com and Binance. A more secluded location to stake may be found in Yoroi Wallet or Daedalus Wallet. According to CoinMarketCap, the Cardano price today is $2.08 USD with a 24-hour trading volume of $2,808,791,362 USD.

Polkadot (DOT)

Polkadot, a heterogeneous multichain exchange blockchain created by Ethereum co-founder Gavin Wood. In this way, several blockchains may communicate with each other. Staking this asset may be a fantastic choice as the platform expands to accommodate additional projects.

According to CoinMarketCap, the Polkadot price today is $27.10 USD with a 24-hour trading volume of $1,540,743,056 USD.

VeChain (VET)

VeChain, a blockchain platform, aims to record every step of the supply chain. It is still up over 600% year-to-date compared to December 2020. So, this cryptocurrency has been on a roll, despite a drop this year. This is a great result and may indicate a strong future for the coin.

According to CoinMarketCap, the VeChain price today is $0.084943 USD with a 24-hour trading volume of $302,011,017 USD.

Solana (SOL)

Solana (SOL) is a scalable Open Technology blockchain and cryptocurrency. Soon after its debut, Solana built a DEX using the Serum protocol, another emerging blockchain.

Furthermore, the Solana platform is a powerful Ethereum alternative. So, the greatest SOL burst may occur in late 2021. According to CoinMarketCap, the Solana price today is $130.74 USD with a 24-hour trading volume of $2,516,287,186 USD.

Cosmos (ATOM)

Several crypto analysts and professionals believe Cosmos (ATOM) is a superior investment to other major cryptocurrencies and DeFi coins due to its first-mover advantage as an interoperable blockchain platform.

Despite Cosmos’ ups and downs, experts expect ATOM’s price to increase over time. Moreover, Cosmos will always have an edge as an interoperable blockchain. According to CoinMarketCap, the ATOM price today is $35.37 USD with a 24-hour trading volume of $1,079,176,926 USD.

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Cardano (ADA) Needs Retail Trader’s Support to Avoid Downfall

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Cardano (ADA) Needs Retail Trader's Support to Avoid Downfall