Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][PRE-SALE] WEALTHSHARES. SHARED NODES, SCAM COIN SWAP, BOUNTIES, LOANS ##
by
Dromar {WealthShares}
on 13/11/2018, 20:13:27 UTC
Quote from: valkarale on November 13, 2018, 08:45:11 AM
Quote from: WEALTH.SILO on November 13, 2018, 05:23:41 AM
Quote from: MannequinVex on November 13, 2018, 04:52:17 AM
"You will be able to take out a loan for 25% of the value of the Masternode which at the time of writing this would be a value of 1840 USD or .2839 BTC" - I do not quite understand this issue. Does it mean that interest rates for USD and BTC will be different?

Interested rates will be based on USD, Prior to the release we will provide more detailed information on the Peer2Peer CryptoLoan platform.

 When will the CryptoLoan platform launch? I did not find the roadmap.

The first question you asked was used as an example pretty bad one since the value of the masternode went down but i will explain it a bit better. The loan you can take out will strictly be with how big your portfolio is within the service. So if you have a portfolio worth 1000 USD then you can take out a loan of 250 USD from the platform. Then your portfolio pays off the loan back based on the daily income your nodes within the service generates. We are currently working on the road map to reflect a vision that is attainable but the release should be in less then 3 months from now. You can always look at our hub http://shares.wealthsilo.io/#/pages/dashboard and see the foundation of the Loan platform.