Re: Need loan 0.05 BTC

Quote from: dodgrad on November 28, 2019, 10:14:03 AM

Collateral: 4000 4ArtCoin (4ART)

Address: https://etherscan.io/address/0x265E8c96841C60D71A3df16c0BcA946b82d75cF8#tokentxns
I know tokens are not very welcome as collateral. This one is not on exchange yet, but the value is x3 than loan and shortly, because in Q1 2020 will be listed on exchange.
ICO price (last stage) $0.30, so 4000*$0.30 = $1200
Dev team is very active: https://vimeo.com/376123598 (Event about week ago 4ART, Aston Martin and Steinway & Sons)
Website: https://www.4art-technologies.com/

Am not a lender but i can tell you that new altcoins are not a valid collateral and lender has nothing to garantees by accept an un-known token. I doubt if anybody may lend you 0.05 btc even if his one of the team members you mentioned.

Quote from: dodgrad on November 28, 2019, 10:14:03 AM

It is my first loan here, so if I break any rule, tell me that before i get neg trust ..

So I need loan for my private urgent thing in this weekend.

Amount: 0.05 BTC
Duration: around 1.5 month (Maybe shorter, but because of Christmas time it can take so long)
Interest: 0.005 BTC
Repayment: 0.055 BTC (I can consider more)

Why don't you try with an "unsecured loan"? I also doubt if any lender can accept to trust you but may be you can ask one of them before applying officially. However, you should confirm that you are a trusted forum member, as there is no restrictions for lenders to accept or deny your request even if it matches his unsecured lending terms.