This probably have changed the whole announcement of this coin, initially it was 1 btc for 1000 BNT and now it is 0.2 btc for 3000 BNT.
This does not speak well of this coin.
These are the terms for round one, baring in mind we are pledging 50 BTC worth of loans over each 24 month period
each round will have varying conditions
and you are correct, in round one, 1,000 BNT in holdings and 2,000 BNT pledged as collateral net's you a 0.2 BTC loan
If you do not agree with these terms, please do not participate
Anyone else who wishes to participate there are five 0.2 BTC loans on offer as per the terms listed above, place your request and we'll go from there
