Username: arransiv
Loan Amount: 0.38
Bitcoin Address: 1KjuUzLP5YEmCKpeeuUJDy9vp1GhFNA1Wy
Number of days: 30
Collateral offered: 6000 POWR and 2000 BQX
Note: Edited the btc address as it seems to be missing the leading "1". Further, I cannot approve more than 0.3btc as I would require 140% collateral due to the volatility of the collateral.
Approved Loan Amount: 0.3000BTC
Loan Details:
Principal 0.3000BTC
Base interest @ 0.47%/day 0.0453BTC
Repayment amount 0.3453BTC
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Repayment deadline: Monday, 11 December 2017
Collateral: 6000 POWR & 2000 BQX
Additional terms for this loan:
A. If the collateral value drops below 117%, you will be informed of the drop and you have 3 options:
1. Wait (till it goes back up or until it gets liquidated)
2. Repay loan + interest accrued and collateral will be returned
3. Send more collateral to return collateral value to 140%
B. Liquidation of the collateral will start at 107% of the loan amount. However, borrower shall still be liable for deficiency after liquidation.
C. In case the collateral's value dips below the liquidation point stated in subsection D, the collateral shall be forfeited without notice however any deficiency shall still be chargeable to borrower.
D. Payment of interest shall be on a monthly basis. If not paid on time, it will be deducted against the collateral hence collateral value might go down.
E. Interest shall be based on outstanding loan amount. This will be a diminishing type of loan.
F. This loan is based on BTC.
G. Any movement cost of the collateral (miner's fee or whatever fees incurred in storing, receiving and returning collateral) shall be deducted from the collateral.
H. The collateral can neither be exchanged for another altcoin nor be traded (buy and sell the collateral).
I. The collateral may be liquidated to pay the loan at any time (subject to a 0.002btc fee). In case it does not sell for the amount of the loan plus accrued interest, the deficit shall still be chargeable to borrower.
By signing the below message and sending the collateral, you are agreeing to all terms and conditions of this loan.
I am arransiv. Today is 11.11.2017.
My receiving address: 1KjuUzLP5YEmCKpeeuUJDy9vp1GhFNA1Wy
Repayment amount: 0.3453
Repayment date: 11.12.2017
Repayment address: 1Fourv83ahompCYVejfEGVns2Zo2j4Qpsx
Send both POWR and BQX to
0xbd7edca01c46c7febcef5c5ec4898c1b8cfbde5c (this is an exchange address).
User has already sent collateral with TX
0xae51093c2635644b427398475d3cd2099fc9fc7d3613b4443ee4e129ab64a00b
0x6f1b382723ba21eb0626a85494d1864bdaae61d52150ab7c488a25b67dd37469
BTC sent with TX: 577b22360b39fb48f6e60953b5327da9823a1fadf5e5ad9d0f837444c79d34df