Blog Affiliate How to write about our borrowing products to earn more affiliate rewards

How to write about our borrowing products to earn more affiliate rewards

date July 20, 2021 time 6 min read 537 views

As you might have noticed, we recently published a blog template for affiliates focused on our investment products. In the light of our expansion of the affiliate program to include borrowers, we decided to create a new one – this time focused on our borrowing products.

We know it can be challenging to get going on a blog, and we hope this template will help you get started when writing about MyConstant!

Feel free to copy, paste, and modify the template as much as you want to make it your own (as long as you preserve the key facts). Good luck, and thanks for supporting MyConstant.

Headline

Your headline needs to grab the reader’s attention. One way of doing this is to include a key benefit with an added dose of mystery to keep your reader hooked.

For example:

  • Get cash from your crypto assets without selling them
  • Get a loan in minutes without credit checks
  • Borrow against over 70 different cryptos at market-beating rates
  • Borrow USD with your crypto from just 6% APR

The purpose of these headlines is to get the reader to click on the blog or read more. Each one has a measurable benefit, a little mystery, and some news.

Introduction

Your introduction summarizes the key benefits to persuade readers to keep reading. They should nod along with every sentence, as if saying, “ah yes, that’s good” in their heads. Once they stop this mental “nodding” you’ve likely lost their interest. 

Introduce MyConstant and share its key benefits in a paragraph or two:

Sample copy:

MyConstant is a crypto-backed P2P lending platform based in the US. Starting from just 6% APR, you can borrow against your crypto within minutes, allowing you to unlock the value of your assets without selling them. There are no credit checks at MyConstant, and you can pay back your loan at any time before the term ends. It’s a perfect solution to get some cash for a home makeover, start a business, or even invest in more crypto.

Crypto-Backed Loan benefits

Now it’s time to get into the details of our product and how it works. The key element here is the flexibility of MyConstant’s Crypto-backed Loans for people who have crypto and the ability to get cash within minutes.

  • No borrowing limit: You can only borrow up to $50,000 per order, but you can make as many orders as you like. (As long as you have the collateral to back the loans).
  • Withdraw in USD or crypto: MyConstant allows you to trade your loan for cryptocurrency, searching multiple exchanges for the best prices. We never charge trading fees.
  • Flexible terms: You can borrow any amount for 1, 3, or 6 months.
  • Auto top-up: Add a little extra collateral and if the market drops, your loan is automatically topped up to avoid liquidation (the sale of your collateral).
  • Secure escrow: Your collateral is securely stored in password-protected hot wallets and returned when you repay. 
  • No credit checks: MyConstant simply requires at least 150% to the loan amount in crypto as collateral.
  • Payment within minutes: Once you pay the required collateral, you will get your USD loan (or its equivalent in a chosen crypto) within minutes.

You may choose to set out the benefits in a list, but a sample paragraph could be:

One of the best things about using MyConstant is that there are no credit checks for crypto-backed loans. You simply put up the collateral in one of over 70 cryptos they support, and you will get your USD within minutes. The flexibility is another key advantage with MyConstant, where you can select terms of 1, 3, or 6 months. 

Crypto-Backed Loan details

The details of our crypto-backed loans are set out below:

Terms of loans:

LengthAPR
30 days6%
90 days6.5%
180 days7%

Other fees: 

There is a 3.5% matching fee when MyConstant matches you with a lender. This is paid upfront.

Collateral:

You will need to commit 150% of the value of the loan in your selected crypto. (You can combine cryptocurrencies to reach the minimum level required). Please note, if the value of your collateral drops below 110% of the loan before the term ends, it’s sold to repay the investor. This is designed to give MyConstant time to sell your crypto to pay back the investors.

You can auto-top up your collateral to keep your loan active in the event of sudden market movements.

As part of your copy, you can use the tables or charts to clearly share our product’s terms and conditions. A sample copy could be:

MyConstant offers flexible terms and conditions on your crypto-backed loan. It charges between 6-7% APR depending on the length of your term. You will need to put up 150% collateral on the value of your loan to gain approval. Fortunately, you can mix the crypto to reach the minimum amount. 

It is also important to note that if your collateral falls within 110% of your loan, it will be liquidated. Don’t worry, you will get warnings at 120% and 115% to give you time to top up or pay back the loan early.

What’s in it for you?

At MyConstant, we value our affiliates. To give you the best possible rewards for your referrals, we have come up with a competitive affiliate program that rewards you for investor referrals and includes borrowers.

  • $20 instant reward: For any person that uses your unique affiliate link to sign up and get a loan of any amount.
  • $100 for 10 referrals within 30 days.

Our Short Selling or Futures products are only available for non-US customers right now, due to regulations. We will keep you updated if that changes. However, if you want to make your blog stand out and give your non-US readers something extra, why not write on these products!

Short Selling

We have two short selling products at MyConstant:

The two products are designed to serve two different groups of investors. Our advanced product is for experienced readers who have been in crypto and short selling for a while, while our simple version is for beginners. 

They both allow you to make money when your selected crypto price falls – but there is a catch. If the price moves up, then your referees could lose out. 

Here’s how it works:

You need to select the crypto you want to short. Once you have done that, you will need to deposit the required collateral for your pair balance. 

The next step is to make the pair – we support three major cryptocurrencies: BTC, ETH, and BNB. Our Short Selling (Simple) product does this for you.

By default, we put a stop loss and take profit price for you. You can edit those or remove them entirely. It is strongly recommended that you keep your stop loss and take profit limits. Failing to do so could result in significant losses.

Once you confirm your position, you borrow the crypto before selling back straight away. You can simply sit back and see if the price moves in your direction or the other. You also have the option to close your position early to protect your profits or limit your losses. 

Here’s a breakdown of the fees:

  • 1% matching fee on the value of your short position
  • 7% APR calculated every second

These fees are repayable when you pay back your loan.

It’s important to make clear to your readers this is a high-risk strategy and that you should only put up what you can afford to lose.

Futures

Like short selling, Futures is a method that allows you to make money from predicting the market. Except this time, you can predict whether your selected crypto price will move up or down.

With our Futures product, you begin by putting up USD as collateral with MyConstant, and predict which way your crypto will go. MyConstant then buys your selected crypto at the latest market price.

And here’s the kicker. We buy it using 50x leverage – which means we buy crypto worth 50 times your USD collateral. 

The next stage depends on price movements. If the crypto moves 3% in the direction as you predicted, then your position will automatically close, and you will make a profit of 150%. 

However, if it moves the other way by 2%, we automatically close the position and you will lose your collateral. 

The fee is 0.2% of your total leveraged position. What this means is that if you have a $10 position, we charge 0.2% of ($10 x 50). So it becomes 0.2% of 500 which equals $1. 

Once again, our Short Selling and Futures products are not available to US citizens or residents. It should also be emphasized that these products carry a high degree of risk, and that your readers should only invest what they can afford to lose.

As always, if you have any questions about writing a blog post or need help, don’t hesitate to send us an email. [email protected]

Disclaimer:

Please keep in mind that this template is to help customers learn the ins and outs of the MyConstant platform and should not be taken as investment advice.

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George Schooling

George Schooling

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