Artem Crypto Assets Lending Market
Artem Crypto Assets Lending Market is a DeFi lending program based on blockchain technology that offer the largest liquidity opportunities for cryptocurrencies and assets and provides a consistent reward for those attendees in return. Current supported cryptocurrencies and assets are ETH, USDC, USDT, BAK, artwork, antiques, and streaming music copyrights. Digital currency should be accessible to all, with meaningful rewards and real flexibility – to secure a loan, send to friends, and build wealth. That’s Celsius.
An economy where financial freedom doesn’t come with a price tag. Where the interests of the people are put first. Where ethical behavior is the baseline, and where everyone – and we mean everyone – has the opportunity to succeed financially. With a little bit of humanity and honesty and the power of a digital currency that’s as strong as it is accessible, we’re ushering in the new economy today.
Artem Crypto Assets Lending Market is proud to provide a platform of curated services that have been abandoned by big banks – things like fair interest, zero fees, and lightning-quick transactions. Our goal is to disrupt the financial industry, one happy user at a time, and introduce financial freedom through crypto.
How ARTT tokens explained
Artem Finance has created a native token called ARTT tokens.
These tokens can be used to:
Send and receive payments
Receive interest
Pay interest on loans (up to 0.16% less)
Stake to earn high bands of interest rates (up to 0.16%)
It appears that much of the economic mechanics behind ARTT token seem to be work.
In addition to this, Artem Finance buys ARTT tokens on the open market each week from exchanges to pay their customers interest.
While it’s still early days, many of the mechanics seem to be working to grow a valuable token economic system.
We do still think that Artem Finance could be much clearer to their customers that they’ll need to stake ARTT tokens in order to earn their advertised interest rates.
Can Artem Finance be trusted?
Having used Artem Finance for a number of months, we can confirm that it is a real company that really does pay out interest and loans.
We are, however, cautious about their overly complicated offering with ARTT tokens. Particularly when you compare it with their increasing list of Competitors.
For now, we would say that Artem Finance can be trusted to pay you interest and give you loans, so long as you're aware of their staking system. A great example of that is the table below which compares Artem Finance to their competitors. The interest rates they advertise in their comparison is based on earning ARTT, however, it doesn't clarify that at all.
Fees
Unlike many of their competitors, Artem Finance doesn’t charge withdrawal fees, termination fees, or default fees. They claim not to charge any fees at all, which is quite rare.
Earning interest with Artem Finance
It couldn't be much easier earning interest. All you need to do is deposit your crypto assets into the relevant Artem Finance wallet and it'll start earning interest, immediately.
Getting a loan with Artem Finance
Getting a loan with Artem Finance couldn't be much simpler. So long as you can cover the loan with a healthy amount of crypto collateral, you're good to go.
It is, however, worth noting that to get Artem Finance advertised loan rates, you need to take the loan with ARTT tokens. This isn't clear to some and when not using ARTT tokens, Artem Finance often don't have the most competitive rates
They claim to offer competitive rates, but this is mostly based on their own ARTT token which they’re desperately trying to make valuable. This is a very risky token to own, particularly with a company that’s run like Artem Finance.
You may be drawn in by their artificially pumped interest rates or the promise of their token, but be careful, you’re dealing with a questionable company, with questionable ethics.
Their advertised interest rates are based on their 'Platinum' loyalty scheme which requires more than 0.16% of your portfolio to be in ARTT tokens. For those of you who are interested in high-interest rates but not ARTT tokens, we recommend you look elsewhere.
Follow Artem to obtain more latest information and events
📌Artem: https://artem.finance/
📌Twitter: https://twitter.com/Artem_Protocol
📌Telegram: https://t.me/ArtemProtocol
Author: Username: Funnimop
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