The Bank of Neoxian - 2022-08-28

in The City of Neoxian2 years ago

The Bank of Neoxian shall loan the sum of 0.15 BTC to @chronocrypto.
He promises to repay 0.1725 btc. He shall pay 333 usd worth of BTC per week until 0.1725 btc is reached. (15% interest). First payment shall be on Sept. 2nd, 2022.

The Bank shall pay to the address 1BR7cYSxZtvQcC34mtK6UbS6bjskYpwuKd.

@chronocrypto shall offer up the following collateral:

The Hive Account of @chronocrypto.

This includes the Staked Hive and WorkerBee of this account as well as the more minor staked coins on that account.

To insure payment of this loan, the lendee promises to hand over their Owner key(s) to the bank. The bank will give back new posting keys to the lendee. The lendee affirms that the owner key(s) are given voluntarily and their account(s) are not stolen. They promise not to initiate the Stolen account recovery procedure.
Lendee also consents to Bank changing the trustee if the Bank so chooses.
The Lendee promises not to power down the account(s) to the point where the collateral would be less than the owed value, or if it is necessary to powerdown to pay the loan, then the full powerdown should go to the bank.
The Lendee agrees this contract remains valid regardless of any flags this contract post might receive.
Owner key(s) will be returned upon successful completion of loan.

Collateral is returned upon successful completion of loan.

Please sign below…

Posted using Neoxian City

Sort:  

Signed as agreed

I am your witness

Hmm interesting

Wondering what chrono will do with the funds

Posted Using LeoFinance Beta

What a nice interest rate this is

There's no better bank on Hive than the magnanimous Bank of Neoxian.

Thanks for showing this love and keep up the good work

Loaning like there is no future 😁

It is great seeing use case of this kind on Hive.

Sounds interesting banking system in hive as you talk about the loan. Thanks for sharing this update with us. Always love to hear from you Neoxian💝

@chronocrypto much success my friend and may the loan serve you for whatever you have in mind to use it for

Congratulations for the both sides!
$WINE


Congratulations, @theguruasia You Successfully Shared 0.200 WINEX With @neoxian.
You Earned 0.200 WINEX As Curation Reward.
You Utilized 2/4 Successful Calls.

wine_logo


Contact Us : WINEX Token Discord Channel
WINEX Current Market Price : 0.180


Swap Your Hive <=> Swap.Hive With Industry Lowest Fee (0.1%) : Click This Link
Read Latest Updates Or Contact Us

Your content has been voted as a part of Encouragement program. Keep up the good work!

Use Ecency daily to boost your growth on platform!

Support Ecency
Vote for new Proposal
Delegate HP and earn more


~~~ embed:1564126447236677633 twitter metadata:dHVubmVrfHxodHRwczovL3R3aXR0ZXIuY29tL3R1bm5lay9zdGF0dXMvMTU2NDEyNjQ0NzIzNjY3NzYzM3w= ~~~
The rewards earned on this comment will go directly to the people( @johndieo, @joetunex ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.

I just read this and am like do @neoxian give loan, I am not sure that is why i am asking but lovely interest and fair too 😊.

Thank you @neoxian for supporting my post! Very much appreciated :)

I'm interested also, please include me in the budget