Post
Topic
Board Lending
Re: ★ ★ ★ LENDING ► CONDORAS SERVICE ◄ ESCROW ★ ★ ★
by
Bigraz
on 18/02/2018, 13:31:19 UTC
Once condoras has the LTC, I will send him the BTC. Then, I would like him to forward the BTC to the borrower and the LTC to me. The LTC should be worth 120% or more of the BTC. I will set a sell order for the LTC at 105% of the BTC value (if the value of the collateral falls to 105%, it will be liquidated). Before this happens (at ~110%) I will notify the borrower to add more collateral. If these terms are agreeable then you may receive the LTC from the borrower. The borrower will account for all transaction fees and escrow fees, and the interest payable is 0.1% daily.

Address: 1Sexyb1p8byGxunfTfHvL9SXsWqHyEPVk
Message: Thank you condoras! 18th Feb 2018
Signature: Gyc6yPgmbG9/NyK5n5ztvXyR8KyJcWvRVS5e7tkWgs6TPzKxdMwwpQE0loT8fJAR5iKUmhymkIUX20wKa7CLJwg=


Signed Message : Verified.
You need though to be specific about the amounts of both coins and after you both agree on, i will post my BTC/LTC Address.
As i see now Bigraz wants 0.25BTC and not 0.3BTC.

Apologies, I realised I had less LTC to what I thought. I'll be asking for 0.25 Btc and providing 14.4 LTC as collateral (0.3btc worth)

With ~0.02 BTC/LTC rate you need to provide at least 15 LTC. Unless alia_armelle is ok with this.

According to the current rate, 14.4 LTC is enough. But the borrower must note that if LTC crashes fast (likely) then he will lose his collateral entirely, and if it hits 105% at any point, it will be liquidated and not returned. If the crash is too fast, he may not receive a warning notification at 110%.

Bigraz if you still want this, please confirm here.

Confirmed - I'm heading out though will be back in an hour roughly to complete, will also tip you for facilitating

Ok then. Waiting you back here to notify us and give you the Addresses to both and conclude this deal.

Kindly post both your LTC and BTC address, I'll send the BTC to you first, so it should be confirmed by the time Bigraz returns

No problem by me.
BTC Address : 1D2mFapJVNz87yV4CrXGab2kkFzWgB3xgc
LTC Address : LhaFuZDPWt659uvtZoiNN6PDPHnWrfbp4t

https://web.archive.org/web/20180218112605/https://bitcointalk.org/index.php?topic=1596878.1620;topicseen

BTC has been send with a fee of 0.0000113
Transaction ID: https://blockchain.info/tx/7366950f5801bb525f4785e1210eaa6f0d71ecac627e90eec453523c2e879f30

BTC Deposit : Confirmed.
Waiting Bigraz to send the Collateral (LTC) and continue the proccedure.

Hi Condoras sorry for delay, almost home will update shortly