hi Zarb my request
Loan Amount: 0.25BTC
Reason for Taking out a Loan: - HODL both ZCL and dent do not want to liquidate my dent
Amount to be repaid: 0.265BTC
Repayment Date: 6 days
Type of Collateral: - Dent (your terms)
Bitcoin Address: 13w1wTFHozLKEz65ZYAwy3GKquAozHYVJn
Thank you.
so you offering token , which you can't liquidate?
Yes, sir. I do not want to liquidate yet as I believe in a price increase is imminent. So is the with the same coin and i would like to apply similar assets
here is the coin on coinmarketcap:
https://coinmarketcap.com/currencies/dent/#marketsPlease let me know your terms if you are interested and a dent address. thank you.
ok, I need around 200k dent, and you should agree with liquidating rule:
The terms of the loan:
In the event that the value of the collateral falls below 110% of the principle +interest ,then I would have the right (but not obligation) to sell the collateral at the best available price, as quickly as possible. (After gives a chance add additional collateral)
In the case that I am not able to sell the collateral for an amount enough to cover the principle plus interest then you would owe me the difference.
seems feasible to me. I accept the terms you have proposed.