Quote from: bbit on December 05, 2017, 02:09:55 AM

Loan Amount: 2.2BTC
Bitcoin Address: 1KiEKzyLqsKarEvMXU4hSi827uKxCXhASw
Number of days: 60
Collateral offered: 30 ETH & 155 LTC

Note: I can only approve 2btc due to collateral value. Also be reminded due to your trust rating, no BTC shall be released unless I get hold of your collateral.

Approved Loan Amount: 2.0000BTC

Loan Details:
Principal 2.0000BTC Base interest @ 0.50%/day 0.6977BTC Repayment amount 2.6977BTC =================================

Repayment deadline: Saturday, 3 February 2018 Collateral: 30 ETH + 155 LTC

Send ETH to: 0x0917535089cb25f3d80e1dc8c0700d42e72c9dc4
Send LTC to: LatyuoqPqZskPfZps7FEsr5t5CHSw2ChUu

Additional terms for this loan:
A. If the collateral value drops below 110%, 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 125%
B. Liquidation of the collateral will start at 105% of the loan amount + accrued interest (which shall be calculated on a daily basis). 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 B, the collateral shall be forfeited without notice however any deficiency shall still be chargeable to borrower. (In case it dips below 110% and comes back up above that value, it is still considered forfeited)
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 5% fee based on the proceeds). In case it does not sell for the amount of the loan plus accrued interest, the deficit shall still be chargeable to borrower. This option is not available in case borrower is in delay, only BTC payment shall be accepted after repayment deadline, hence upon non-payment on due date and after three days the collateral shall be forfeited in the lender's favor.

By quoting the below message and sending the collateral you agree to all terms and conditions of this loan.

Code:

I am bbit. Today is 05.12.2017.

My receiving address: 1KiEKzyLqsKarEvMXU4hSi827uKxCXhASw
Repayment amount: 2.6977
Repayment date: 03.02.2018
Repayment address: 1FiveeVyS6vJoxmLa3DxdEe8ZCNzafxUmV