You are right, it really is not easy trying to fundraise especially if this is the first time an attempt was made but I hope it will be bring some benefit to the recipient.
Thank you for your questions and comments. I am answering your points below:
1- I will offer the guarantee. You are right collateral will not be provided for this fundraiser.
2- Yes I can sign a message with sufficient funds which would protect any lender from losses.
3- The loan amounts mentioned were not slots, they were examples. I am not looking to have more than one lender because the repayment terms will be fixed at $100 per week. An ideal scenario would be for one lender being kind enough to offer an interest-free loan of $400 which will be paid back at $100 a week over a 4 week period. $400 will go a long way to contribute towards their expenses.
4- There is one donation receiving address (bc1q6987cgd9s30y3hnrnrqg8vwlfvlll3mefujzal), any payments received will be up for all to see on the blockchain, however if a lender loans for example $400 then this thread could be used to show weekly transaction details when payments are sent/received likewise all donations received could be listed here for all to see too.
Thank you for your questions and comments. I am answering your points below:
1- I will offer the guarantee. You are right collateral will not be provided for this fundraiser.
2- Yes I can sign a message with sufficient funds which would protect any lender from losses.
3- The loan amounts mentioned were not slots, they were examples. I am not looking to have more than one lender because the repayment terms will be fixed at $100 per week. An ideal scenario would be for one lender being kind enough to offer an interest-free loan of $400 which will be paid back at $100 a week over a 4 week period. $400 will go a long way to contribute towards their expenses.
4- There is one donation receiving address (bc1q6987cgd9s30y3hnrnrqg8vwlfvlll3mefujzal), any payments received will be up for all to see on the blockchain, however if a lender loans for example $400 then this thread could be used to show weekly transaction details when payments are sent/received likewise all donations received could be listed here for all to see too.
Hello there and TBH, I'm happy to hear that you make such a thread/ effort to help people. It's not easy at all and I know it firsthand...
I have some questions, some of them though are related to the details of this charity. I will only ask those who do not need to reveal such details.
1- Who guarantees that any of these loans will be repaid on time? And will be repaid? I'm guessing that collateral is out of the picture.
2- If you are the one who guarantees the repayments, can you sign a message from a staked address of yours?
3- Those donations/ loans will have a closed status if someone offers to fill one/ all of them or can anyone fill them more than once? Maybe it will be good to clarify it, since you say that you can repay ~$400 per week.
4- You will hold any kind of ledger publicly regarding the loans and the donations?
And good luck with your thread.
I have some questions, some of them though are related to the details of this charity. I will only ask those who do not need to reveal such details.
1- Who guarantees that any of these loans will be repaid on time? And will be repaid? I'm guessing that collateral is out of the picture.
2- If you are the one who guarantees the repayments, can you sign a message from a staked address of yours?
3- Those donations/ loans will have a closed status if someone offers to fill one/ all of them or can anyone fill them more than once? Maybe it will be good to clarify it, since you say that you can repay ~$400 per week.
4- You will hold any kind of ledger publicly regarding the loans and the donations?
And good luck with your thread.