I'm trying to understand what a CLN loan is. Could someone explain the concept and how it works in simple terms? I'm particularly interested in its basic definition and the key characteristics that define a CLN loan.
5 answers
Valeria
Thu Dec 05 2024
Convertible loan notes (CLNs) represent a unique financing mechanism tailored for businesses.
CryptoElite
Wed Dec 04 2024
BTCC, a leading cryptocurrency exchange, provides a range of services that cater to the needs of investors and traders. Its offerings include spot trading, futures trading, and a secure wallet solution.
TaegeukChampion
Wed Dec 04 2024
They are also referred to as convertible debt notes or convertible debt.
CryptoProphet
Wed Dec 04 2024
CLNs offer investors a flexible option. They have the right to convert the debt they hold into equity at a specified future date.
BonsaiGrace
Wed Dec 04 2024
This conversion usually occurs at a discounted rate compared to the price offered to new investors.