Quote from: Caffe1ne4Life on July 12, 2017, 03:15:27 PM

So, is it a 0.5btc loan using 245KNC as collateral? or does the collateral amount get lowered?

With the same amount of KNC. Because the risks is really high and even at 0.5BTC for 245KNC, I still think it's risky. From my evaluation, it only need 197 KNC sold to buy orders to completely drop the price lower than 0.002 btc/KNC. It's very high risks for me and you actually.

If you still want to proceed, (and for faster transaction),

send KNC to KUsj3UaZ6kYCEFNhkLrPmtcqS6QxhDizjZ

Additional terms for altcoin collateral
A. If the collateral value goes below 115%, you will be informed of the drop and you have 3 options:
1. Wait
2. Repay loan and collateral will be returned
3. Send more collateral to return collateral value to 120%
B. Autoselling of the collateral will start at 107% of the loan amount.