Cereal

Cereal is a blockchain ecosystem for asset-based loans. Also Cereal is developing a suite of products catering for the individual needs of various market participants.

Whitepaper

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What is Cereal

Cereal is a platform offering credit products that are secured by customers’ mining equipment, cryptocurrencies and other blockchain assets. Thanks to Cereal there’s no need for borrowers to sell their valuable blockchain assets in order to access fiat money. Instead they can secure their cryptoassets as collateral, in order to receive cash for the purpose of covering their business and living expenses. Cereal will store its customers’ collateral in cold wallets, thus ensuring a high level of security and preventing bad actors from gaining access to the borrower’s assets. Cereal has automated solutions for calculating the maximum loan that customers are eligible for, and doesn’t need to check client’s credit scores. This makes Cereal convenient and hassle-free for borrowers. Cereal Token (CRL) facilitates the ecosystem growth and benefits token owners in comparison to other users.