Post
Topic
Board Lending
Topic OP
💵💶💴💷 ▨ L O N E ◎ S H A R K ◎ L O A N ▧ [Reopened/Updating!] 💷💴💶💵
by
Lone Shark
on 10/03/2017, 14:39:37 UTC
STAKED ADDRESS: 1SHArkGXkgvz4id6ih7bSuDqTM4gFHV6i

Email: btcloneshark@gmail.com
Telegram: @iloneshark


Useful Links:

General                                    BCT Account related                      Loan Related
Lone Shark's Reputation PageRanks/positions/badgesWhy collateral is required
Signing a messgewww.bctalkaccountpricer.infoTheLedger
BTC Price CalculatorStaked Bitcoin AddressesMy Ledger
-Security LogsEscrow Services

TL;DR
Interest:         See matrix (minimum 0.002BTC)
Collateral:       Strictly required.
Escrow:           Yes, borrower shoulders fee. (Only trusted members and upon my approval)
Loanable amount:  Depends on your collateral and my approval.
Signed message:   Required. >3 months old.
Miner's Fee::     0.0001BTC shall be deducted to the loan amount.
Application form: Here
Warning:          Applicants not using correct form and/or following instructions will be denied.

Terms and Agreement

I. Interest Rates

This service shall charge a dynamic interest rate which is compounded daily. However, the basic/minimum charge shall be seven (7) days worth of interest or 0.002BTC whichever is higher. All interest fees shall be rounded to the nearest 0.0001.



DAILY INTEREST RATES

Length\Amount   001-099mBTC  100-499mBTC  500-999mBTC   1000+mBTC  
<10 Days
0.93%
0.87%
0.80%
0.73%
<20 Days
0.82%
0.76%
0.69%
0.62%
<30 Days
0.71%
0.64%
0.58%
0.51%
>30 Days
0.60%
0.53%
0.47%
0.40%

EFFECTIVE MONTHLY INTEREST RATE
Note: This is just for illustration purposes to show how much is your monthly rate if the loan is for a month.

Length\Amount   001-099mBTC  100-499mBTC  500-999mBTC   1000+mBTC  
<10 Days
28.00%
26.00%
24.00%
22.00%
<20 Days
24.67%
22.67%
20.67%
18.67%
<30 Days
21.34%
19.34%
17.34%
15.34%
>30 Days
18.00%
16.00%
14.00%
12.00%


II. Terms and Conditions

1. No Collateral, No loan.
2. Non-repayment on promised date shall be deemed late. Late fee is computed as 2% of Repayment Amount or 0.0001BTC, whichever is higher, per day of being late. (Compounding still applies)
3. Extensions are upon approval, and I reserve the right to deny any extension and put necessary interest fees.
4. Five (5) Days late would result to the collateral being forfeited for the Lender.
5. At no time shall a Borrower have more than one loan with me or any other lender. Additional loans are upon my approval.
6. Escrow is accepted, the Borrower pays for the fees.
7. The Lender will not be liable for any loss incurred by any party through this agreement. How you will use the amount loaned shall be your own liability.
8. I do not care about the reason for the loan or your sob story. Pay me what you owe me when the time comes. Do not tell me you lost everything on gambling or you did not get the returns you were expecting.
9. In case of coin split, you will owe me all kinds of coins.
10. In case the borrower wants to change the bitcoin receiving address, change of collateral return address, or anything I deem necessary, the borrower is required to sign a message.

III. Valid Collateral

1. Alt-coins
2. Reputation
3. Domain Name
4. Physical Goods

Please see this link for further details on each collateral type.

IV. End of Contract
In the event the Borrower pays the the debt, the collateral shall be returned.

In the event, the Borrower does not repay on the due date, and no extension has been given, he shall be given three days to comply. If he does not, the Lender will open a scam report, broadcast non-payment, and publish a negative trust regarding the matter. Further, the collateral shall be forfeited for the Lender. If the collateral can be sold at a higher price than the loan amount, the excess shall be for the benefit of the Lender, and no amount of said excess shall be returned to Borrower.

V. Application form

By submitting this form to this thread, you agree to the terms and conditions above stated. Please include a https://www.bctalkaccountpricer.info/ link of your account, regardless if you're using your account as collateral or not.
Code:
Loan Amount:
Bitcoin Address:
Number of days:
Collateral offered:

Changelog:
Code:
Mar. 15, 2017: Created new thread, self-moderated, simplified thread design, some other fixes.
Mar. 17, 2017: Relaunched and opened lending service.
Aug. 11, 2017: Revamp start