Here you asked for a .1 BTC loan but were offering 5700 Kapu coins as collateral. Now you are offering less than half of that amount, even though in the end it's all the same... you can't trade them anywhere.
No one knows what the price is right now because of that. Once they are listed somewhere, and have some liquidity, then I might consider funding this. As things currently stand, you have nothing.
It was a mistake on me, I change the percentage of the collateral im providing to 120% thus caused for a change in the kapu as a collateral, it has a flat price of .000025 per kapu which is set to change once it will be listed. The price of the Kapu is shown on the wallet application. here is a picture since i could not get a screen shot.
https://imgur.com/a/AukDsAlright, but that's just the site setting the line. They can say it's worth whatever they want.
I dont think they set it, its been like that ever since they released the sale of the ICO.
ICO price does not reflect market sentiment. They initial sellers of the token set the line, and there is no guarantee that that number will be maintained when/if the token gets listed on an exchange.
Understandable, Prices are set to change once being traded, I fully understand that and understand the concept the of ICO pricing. Therefore i am willing to provide any additional amount of Kapu to uphold a collateral of 120%, I will also change the circumstance for the liquidity to it that i will also be able to add Ripple to uphold the value if i do not have enough kapu.
I can fill this loan, provided that you provide Ripple as collateral.
I'm sorry, but unfortunately just like everyone else said, Kapucoins are worthless to the most of us, unless some lender also invested in the Kapu ICO and wants to take on some risk in terms of holding these coins because they believe in the project. But the majority to all here aren't going to consider it valid collateral.
Valid collateral is when collateral can be traded on the open market, and it is liquid. It's not both of that.
If you can offer 0.13 BTC worth of ripple as collateral, let me know and I'll consider. A lot of other lenders would be interested as well if you offer that.
I dont have enough ripple to fund .13 btc, Im going to decline your offer. I only have enough ripple to cover any cost to manage at least a 120% collateral.