Quote from: Lone Shark on January 10, 2018, 12:00:58 AM

Quote from: AmXProX on January 09, 2018, 10:34:50 PM

Quote from: Lone Shark on January 09, 2018, 02:23:28 PM

Quote from: AmXProX on January 09, 2018, 02:21:28 PM

Quote from: Lone Shark on December 14, 2017, 04:46:48 PM

Quote from: AmXProX on December 14, 2017, 04:20:06 PM

Quote from: Lone Shark on December 14, 2017, 04:04:45 PM

Quote from: AmXProX on December 14, 2017, 03:56:44 PM

Loan Amount: BTC0.03
Bitcoin Address: 1CApySSSJC6zhkiLbR7inzkuDfnBD2fF8C (this is my bittrex' BTC address)
Number of days: 30
Collateral offered: 2880 POT coins

Reason for loan: Price went down from the invested amount, instead of selling at low price I'd rather loan the coin to earn from the loaned amount
Interest: upon negotiation, first time to do this.

prefer putting the coin on an exchange and auto sell it @ 3000sats

Approved Loan Amount: 0.0300BTC

Loan Details:
Principal 0.0300BTC Base interest @ 0.60%/day 0.0059BTC Repayment amount 0.0359BTC =================================

Repayment deadline: Sunday, 14 January 2018 Collateral: 2880 POT coins
Send POT to: PP4qsaeyppEotoTqR1XYVqof5fY5UZ4BZm
(Note: This will only receive the indicated Altcoin, so do not send any other altcoin or token. Any fake altcoin or token sent shall be considered as a scam attempt and a corresponding scam attempt thread shall be created).

Additional terms for this loan:
A. If the collateral value drops below 112%, you will be informed of the drop and you have 3 options:
1. Wait (till it goes back up or until it gets liquidated)
2. Repay loan + interest accrued and collateral will be returned
3. Send more collateral to return collateral value to 125%
B. Liquidation of the collateral will start at 107% of the loan amount + accrued interest (which shall be calculated on a daily basis). However, borrower shall still be liable for deficiency after liquidation.
C. In case the collateral's value dips below the liquidation point stated in subsection B, the collateral shall be forfeited without notice however any deficiency shall still be chargeable to borrower. (In case it dips below 107% and comes back up above that value, it is still considered forfeited)
D. Payment of interest shall be on a monthly basis. If not paid on time, it will be deducted against the collateral hence collateral value might go down.
E. Interest shall be based on outstanding loan amount. This will be a diminishing type of loan.
F. This loan is based on BTC.
G. Any movement cost of the collateral (miner's fee or whatever fees incurred in storing, receiving and returning collateral) shall be deducted from the collateral.
H. The collateral can neither be exchanged for another altcoin nor be traded (buy and sell the collateral).
I. The collateral may be liquidated to pay the loan at any time (subject to a 5% fee based on the proceeds or 0.002 BTC which ever is higher). In case it does not sell for the amount of the loan plus accrued interest, the deficit shall still be chargeable to borrower. This option is not available in case borrower is in delay, only BTC payment shall be accepted after repayment deadline, hence upon non-payment on due date and after three days the collateral shall be forfeited in the lender's favor.

By quoting the below message and sending the collateral you agree to all terms and conditions of this loan.

Code:

I am AmXProX . Today is 15.12.2017.

My receiving address: 1CApySSSJC6zhkiLbR7inzkuDfnBD2fF8C
Repayment amount: 0.0359
Repayment date: 14.01.2018
Repayment address: 1FiveeVyS6vJoxmLa3DxdEe8ZCNzafxUmV

Sent 2880 pot coins

tx ID: 186900259808cad612f2219cebe86069cd032fccebbc58db2c58603f1400c04e

Verified using https://tools.bitcoin.com/verify-message/.

Lending Status update:
Loan collateral secured!

TX: b8525c1986833c1c253a5e4749b7e127a515c7c63ef51d1705e486266810e801

Repayment Status update:

Notes:

Can I pay this loan by you selling enough number of collateral to pay off the loan and sending me the remaining pot coins? Bittrex transaction fee is BTC .001 and just trying to avoid it

It's in the agreement

Quote

I. The collateral may be liquidated to pay the loan at any time (subject to a 5% fee based on the proceeds or 0.002 BTC which ever is higher). In case it does not sell for the amount of the loan plus accrued interest, the deficit shall still be chargeable to borrower. This option is not available in case borrower is in delay, only BTC payment shall be accepted after repayment deadline, hence upon non-payment on due date and after three days the collateral shall be forfeited in the lender's favor.

Payment sent.
TX: 633ed57319335252cd2c43c88af726024572e8b2fbd04b447e461e52c8d052e1

Please send the pot coins to this address:
PC6RUaTzUpCwhq8aoj2k9x5d2kz1Mr52xw

Thank you for the loan

Since you paid it already, would you like me to sell it and send you BTC instead? Save you 0.001 btc on fees. Let me know ASAP.

you can send the pot coins instead since it will have less fee than sending me BTC.

AmXProX

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