💲Borrow

The borrow feature offers a unique opportunity for users to leverage their BNB holdings as collateral to obtain MSTC tokens.

As a completely free-to-participate platform, the Borrow Feature offers a unique opportunity for users to leverage their BNB holdings as collateral to obtain Mystics World tokens ($MSTC).

You can borrow $MSTC by collateralizing your BNB at 0% interest. You can receive your BNB back whenever you want securely.

1. Using BNB as Collateral: The borrowing system allows users to use their BNB holdings as collateral. This means that users can temporarily lock in a portion of their BNB assets to access MSTC tokens.

You should prepare BNB as Network fee.

1. Collateral Value Limit: Users can borrow up to a maximum of 85% of the value of the BNB they provide as collateral. This ensures a responsible borrowing limit while allowing users to make the most of their existing assets.

2. Receiving MSTC Tokens: Once the BNB collateral is successfully deposited, users receive a corresponding amount of MSTC tokens in return. These tokens can be used within the Mystics.World ecosystem for various purposes.

3. Repayment with MSTC Tokens: To retrieve the collateralized BNB, users are required to repay the borrowed MSTC tokens. This process essentially functions as a means of repayment. By using MSTC tokens, users can reclaim their original collateral.