We are still hard at work producing a more polished application of our concept, to everyone that is supporting us; steady progress is being made toward deliverance of a much more mathematically sound end product

Updates to come

The Bantam Team


http://i.imgur.com/a9vIz8V.png

Recieved

Collateral released: ca7097aa37229d87bc41f54ae1c4e2b0917c88c371ee23337492040cc0b9359f


Quick update,

We're currently developing an automated version of our service, so that we can establish and build credit history on borrowers and issue instant loans based on our collateral + good credit history formula.

The results of our first round of loans are as follows, two out of five borrowers made their repayments on schedule. Based on there being limited infrastructure to penalize these individuals we have decided that, to ensure the success of the project, it is imperative that we build automated infrastructure to govern our entire loan issuance and recovery activity.

There will be an online portal, with a public credit rating database and the ability for one click loan approvals based on our metrics mentioned above. All of this will provide a solid foundation for Bantam to stand on and progress into the future.

So keep an eye on the thread guys, as this is where all the updates will be posted

The Bantam Team

Payment recieved

To all participants, we are gearing up to launch our second round of loans but, just like everyone else, we are dealing with the $100 dip in the price per BTC.

So we shall have a loan program ready to go within the next few days.

All potential borrowers should continue to keep themselves updated on the thread as we will be putting out a stream of information and instructions over the coming days.

The Bantam Project

Recieved

We have some major updates coming within the next few days guys

Updates will be announced in this thread

The Bantam Team

Thank you for providing your perspective on The Bantam Project.

I guess that old saying applies here, Bantam is a coin that you either love or hate - and everyone can't be a supporter. So it's refreshing to read up on the alternate views people have on The Bantam Initiative

Thank you


Hey there

Yes indeed, Bantam (BNT) is a long term project that will be active for at least the next five years, and our overall strategy is to concentrate our activity within 24 month cycles. i.e during the next 24 months, we seek to have furnished over 50 BTC in loans to project participants.

You can think of it like this; at any given time there are more than 1000 people that could benefit from a loan - and that's what we're here to do: to furnish loans to individuals that have a suitable amount of BNT to pledge as collateral. It's that simple.

Our next round of loan dispersal begins on January 16th. So mark your calenders

Also, we will be posting a very detailed map of what we have in store for 2016, so keep checking the thread as announcements will be made shortly.

The Bantam Team

Recieved

---

To those who have just caught on, The Bantam Project pledges to furnish a fixed amount of loans, every 24 months.

In order to back these loans, we are accepting Bantam (BNT) as collateral.

This opens the door to a new era of crypto currencies where the focus isn't on some newfangled technology, but on the actual use of digital currencies as a medium of commerce. BNT acts as a lubricant of digital commerce that will ultimately allow each and every person involved in digital currencies to prove their own, or disprove another's credit worthiness.

This will lead to increased financial activity as more and more people become able to take on loans in order to boost their own capital and expand commercial/personal productivity.

Not only can Bantam (BNT) be used as (1) a representation of value, but as (2) a representation of cryptographic collateral and as (3) it's blockchain is used as a database that tracks, proves and disproves the credit worthiness of it's users.

Also as a side note, we will be releasing project expansion updates in the coming days. As well as publicly logging the loan repayments of current project participants, so keep an eye on this thread for updates as they arise. We will also be posting a map and full description of what we have instore for the Bantam Project during the coming months

We are willing to accept all repayments, but based on agreed upon terms. If you wish to break the agreement by repaying early, you will be charged an early repayment fee of 0.005 BTC

The Bantam Project reserves it's right to absorb all BNT pledged as collateral into the Bantam Reserve should a borrower default. Which we are happy to do

Sorry, you must be ranked at Jr.Member and above to participate in the Bantam Project










We are currently trading on Bittrex

http://i.imgur.com/kdl9yTx.jpg


Guys, to keep yourself updated on The Bantam Project, keep checking this thread as we will be releasing updates in the coming days. As well as publicly logging the loan repayments of current participants in the project.





http://i.imgur.com/a9vIz8V.png

PROCESSING

Please check your PMs




PROCESSING

Please check your PMs

• FAQ's and Important Links
• Terms of use

To those who have just caught on, The Bantam Project pledges to furnish up to 50 BTC in loans, every 24 months.

In order to back these loans, we are accepting Bantam (BNT) as collateral. This opens the door to a new era of crypto currencies where the focus isn't on some newfangled technology, but on the actual use of digital currencies as a medium of commerce. BNT acts as a lubricant of digital commerce that will ultimately allow each and every person involved in digital currencies to prove their own, or disprove another's credit worthiness.

This will lead to increased financial activity as more and more people become able to take on loans in order to boost their own capital and expand commercial/personal productivity.

Not only can Bantam (BNT) be used as (1) a representation of value, but as (2) a representation of cryptographic collateral and as (3) a database that tracks, proves and disproves the credit worthiness of it's users.

Also as a side note, we are in talks with the 'trusted' exchanges so keep an eye on this thread for updates as they arise. We will also be posting a map and full description of what we have instore for the Bantam Project during the coming months

Third BNT loan furnished to Shkbits

Transaction: 2755d30d1c396bc7f3d7669aaeedea2d32f316ee5bddeec64656ab08f16cc9e7


0.2 BTC @ 5% interest, 2,000 BNT held as collateral: BJRBd2infcw5ye7Fm2WpZQt8YyhcFD1GNN

















http://i.imgur.com/aryHeAd.png


BY PARTICIPATING IN THE BANTAM PROJECT, YOU AGREE TO BE BOUND BY THESE TERMS AND ALL OTHER TERMS INCORPORATED BY REFERENCE. IF YOU DO NOT AGREE TO ALL OF THESE TERMS, DO NOT USE OUR SERVICES.


1. Definitions

“Collateral” means units of Bantam (BNT) pledged as backing for repayment of a loan, to be forfeited in the event of a default.

“Holdings” means units of Bantam (BNT) in someone’s possession.

“Loan” means a sum of digital currency that is borrowed, and expected to be paid back with interest.



2. Eligibility

Individuals with provable “holdings” of 1,000 units of Bantam (BNT) or more, become eligible to receive a loan of up to 1 Bitcoin (BTC) via the Bantam Reserve. These individuals must pledge BNT “collateral” which is separate from their BNT “holdings.” Pledging of BNT Collateral will form a covenant guaranteeing repayment of any loan that is furnished. Should this covenant be broken, all collateral is forfeited and absorbed into the Bantam Reserve.



3. Obligations

In order to qualify as an eligible candidate for a loan, you will publicly declare the BNT address that contains your Bantam (BNT) holdings with signed transactions for verification and you will also state the amount of BNT that you are pledging as collateral. You will also state clearly what you intend to do with the loan, and how you intend to furnish repayments.

Borrowers must maintain holdings of at least 1,000 BNT to render themselves low risk. We reserve the right to seize all BNT pledged as “Collateral” if, before complete settlement of their loan, the borrower’s BNT “holdings” are found to be less than the required minimum of 1,000 units of Bantam (BNT)

We may, at our discretion, refuse loan applications if ability to repay is deemed to be uncertain. We will refuse applications if the applicant posts a loan request from a bitcointalk.org forum account that is ranked lower than “Jr. Member.” Loan requests will be refused if the borrower does not have any verifiable Bantam (BNT) holdings.



The Bantam Project reserves the right to change or modify these terms. If changes are made, notice will be provided by way of public announcement.  You are encouraged to frequently review the terms to maintain an up to date understanding of the terms that apply to your participation in the Bantam Project.




http://i.imgur.com/a9vIz8V.png

PROCESSING

Please check your PMs



Please note, if at anytime before settlement of this debt your BNT holdings fall below 1,000 BNT this will be a default as per section 3 of our terms and your collateral will be seized and absorbed into the bantam reserve


No problem, enjoy your loan


Thanks for the kind words

The Bantam Project will make it a much more simple task for individuals to gain access to loans and other forms of financial leverage. So, over time, the project will grow to become even more beneficial for borrowers as they are able to put up more collateral for larger loans.



Please be patient, we are in discussion with some of the main exchanges so keep an eye on the thread

Second BTC loan furnished to trader19

Transaction: 6c26dca505bdc922fee8b89a73d20a85f303690ccf6cbb34adb6784c1f8f4acf


0.2 BTC @ 5% interest, 2,000 BNT held as collateral: BDcvTg533EY9GE33KQDJngEETR3ugRu2re





Please check your private messages


Currently in discussion with some of the main exchanges, so keep an eye on the thread. As soon as arrangements are made it will be announced here

Application denied.

Must be a unique application with genuine reasoning, no copy & paste

We do read and verify these things

Thanks

We currently are in talks with some exchanges, and settling on where the best home for BNT will be

First BNT loan furnished to Pyramusx

Transaction: 8ed2442f1bbd2187d612afca77d911aee896e9b098c1810a8407c165d0ec58a0


0.2 BTC @ 5% interest, 2,000 BNT held as collateral: BDcvTg533EY9GE33KQDJngEETR3ugRu2re

















http://i.imgur.com/aryHeAd.png


BY PARTICIPATING IN THE BANTAM PROJECT, YOU AGREE TO BE BOUND BY THESE TERMS AND ALL OTHER TERMS INCORPORATED BY REFERENCE. IF YOU DO NOT AGREE TO ALL OF THESE TERMS, DO NOT USE OUR SERVICES.


1. Definitions

“Collateral” means units of Bantam (BNT) pledged as backing for repayment of a loan, to be forfeited in the event of a default.

“Holdings” means units of Bantam (BNT) in someone’s possession.

“Loan” means a sum of digital currency that is borrowed, and expected to be paid back with interest.



2. Eligibility

Individuals with provable “holdings” of 1,000 units of Bantam (BNT) or more, become eligible to receive a loan of up to 1 Bitcoin (BTC) via the Bantam Reserve. These individuals must pledge BNT “collateral” which is separate from their BNT “holdings.” Pledging of BNT Collateral will form a covenant guaranteeing repayment of any loan that is furnished. Should this covenant be broken, all collateral is forfeited and absorbed into the Bantam Reserve.



3. Obligations

In order to qualify as an eligible candidate for a loan, you will publicly declare the BNT address that contains your Bantam (BNT) holdings with signed transactions for verification and you will also state the amount of BNT that you are pledging as collateral. You will also state clearly what you intend to do with the loan, and how you intend to furnish repayments.

Borrowers must maintain holdings of at least 1,000 BNT to render themselves low risk. We reserve the right to seize all BNT pledged as “Collateral” if, before complete settlement of their loan, the borrower’s BNT “holdings” are found to be less than the required minimum of 1,000 units of Bantam (BNT)

We may, at our discretion, refuse loan applications if ability to repay is deemed to be uncertain. We will refuse applications if the applicant posts a loan request from a bitcointalk.org forum account that is ranked lower than “Jr. Member.” Loan requests will be refused if the borrower does not have any verifiable Bantam (BNT) holdings.



The Bantam Project reserves the right to change or modify these terms. If changes are made, notice will be provided by way of public announcement.  You are encouraged to frequently review the terms to maintain an up to date understanding of the terms that apply to your participation in the Bantam Project.




http://i.imgur.com/a9vIz8V.png

PROCESSING

Please post your btc address


Please note, if at anytime before settlement of this debt your BNT holdings fall below 1,000 BNT this will be a default as per section 3 of our terms and your collateral will be seized and absorbed into the bantam reserve

These are the terms for round one, baring in mind we are pledging 50 BTC worth of loans over each 24 month period

each round will have varying conditions

and you are correct, in round one, 1,000 BNT in holdings and 2,000 BNT pledged as collateral net's you a 0.2 BTC loan

If you do not agree with these terms, please do not participate

Anyone else who wishes to participate there are five 0.2 BTC loans on offer as per the terms listed above, place your request and we'll go from there

http://i.imgur.com/aryHeAd.png


BY PARTICIPATING IN THE BANTAM PROJECT, YOU AGREE TO BE BOUND BY THESE TERMS AND ALL OTHER TERMS INCORPORATED BY REFERENCE. IF YOU DO NOT AGREE TO ALL OF THESE TERMS, DO NOT USE OUR SERVICES.


1. Definitions

“Collateral” means units of Bantam (BNT) pledged as backing for repayment of a loan, to be forfeited in the event of a default.

“Holdings” means units of Bantam (BNT) in someone’s possession.

“Loan” means a sum of digital currency that is borrowed, and expected to be paid back with interest.



2. Eligibility

Individuals with provable “holdings” of 1,000 units of Bantam (BNT) or more, become eligible to receive a loan of up to 1 Bitcoin (BTC) via the Bantam Reserve. These individuals must pledge BNT “collateral” which is separate from their BNT “holdings.” Pledging of BNT Collateral will form a covenant guaranteeing repayment of any loan that is furnished. Should this covenant be broken, all collateral is forfeited and absorbed into the Bantam Reserve.



3. Obligations

In order to qualify as an eligible candidate for a loan, you will publicly declare the BNT address that contains your Bantam (BNT) holdings with signed transactions for verification and you will also state the amount of BNT that you are pledging as collateral. You will also state clearly what you intend to do with the loan, and how you intend to furnish repayments.

Borrowers must maintain holdings of at least 1,000 BNT to render themselves low risk. We reserve the right to seize all BNT pledged as “Collateral” if, before complete settlement of their loan, the borrower’s BNT “holdings” are found to be less than the required minimum of 1,000 units of Bantam (BNT)

We may, at our discretion, refuse loan applications if ability to repay is deemed to be uncertain. We will refuse applications if the applicant posts a loan request from a bitcointalk.org forum account that is ranked lower than “Jr. Member.” Loan requests will be refused if the borrower does not have any verifiable Bantam (BNT) holdings.



The Bantam Project reserves the right to change or modify these terms. If changes are made, notice will be provided by way of public announcement.  You are encouraged to frequently review the terms to maintain an up to date understanding of the terms that apply to your participation in the Bantam Project.




http://i.imgur.com/a9vIz8V.png