Bitcoin Forum

Hi. I need to borrow 1ETH.

Reason: For listing my project on an exchange.
My Project : https://bitcointalk.org/index.php?topic=2789163.0 (https://bitcointalk.org/index.php?topic=2789163.0)

I made a deal with the exchange and they asked to pay 2ETH for listing fee. They want to list the coin this week. I already paid 1ETH but now do not have enough budget to pay the balance (i need to pay another 1ETH after they have successful list the coin for trading).

Collateral: I do not have other coin. I only can offer 10,000 wmcc for the collateral.

Payback: Please give me a month to pay you back (1ETH+you can keep the collateral). I will pay you after i'm getting my paycheck.

If anyone interested to give the loan, please pm me. I will give you my eth address. I only need this loan before 20-April-2019. Please do not PM me after the date. Thank you.

You have started your project about 15 months ago still you could not arrange listing fee? And also in the meantime, you could not publish your whitepaper? And at this time what you did for your project?

The whitepaper can be found here (https://www.scribd.com/document/346163090/World-Mobile-Coin-WhitePaper-V1).

For meantime, i worked to fund the project. I have funded all the project so far. I just received the exchange offer, and i consider it affordable for me. 2 ETH. Compare to other exchange. So far what i have done:
- The client core (base on NodeJS) - can be found here (https://github.com/WorldMobileCoin/wmcc-desktop/releases).
- Pool - Here (https://wmccpool.com)

* Now im also working on exchange. The exchange will be serverless and user can 100% control the account. The transaction will involve a layer on wmcc core. It going to be 100% P2P exchange.

Sorry to say it but your coins have no value, to consider them as collateral. There is no way the lender to be covered if you default. This smells like a "dump and away" scheme... ::)

I want to say it is the same as a non-collateral loan. If the non-collateral loan can default we may get nothing and for this coin, as collateral, we can get anything if loan default as it has no current value. Collateral should have current value so that we can cover by selling the collateral if the loan has defaulted.

Its okay no need to say sorry. I'm just trying my luck here  ;). Maybe someone interested to stake their 1ETH. I think this forum is the best place to find investor. I will try my best to keep the coin alive.

Yes, i know its risky. I admit there are a lot of 'dump and away' even with million ico collected can't be guaranteed for success. You have your point.

You will put your money for something with 100+% risk to loose them? No, you wont.
You admit that you can't cover a single satoshi, still you asking someone fund you with no return... :-\

I will suggest to lock your thread and find another way to get the money that you want, before it's too late.

I admit that there are a lot 'dump and away' projects like you said. There a lot of projects that start the same time with this project and they even collected millions. Now their website are down, many have been delisted from exchange. You know, when i start this project people said they want to see a working product. Now i gave the working product, now they want to see this coin on exchange. IF this coin already on exchange i'm not sure i need to 'begging' like this here. Nevermind, i will try find another way to get the fund, as always. But could you please keep this thread until next week. I will delete this thread myself. Thank you

Which exchange is asking for 2 Eth to list the coin ?

I have PMed you the exchange.

can you pm me the exchange

Sorry i cant PM you because 'newbie'. The system do not allow. Do you have any other option to contact you.

There are many exchanges that display fake volumes in order to command higher listing fees from potential coin developers. Most of these exchanges have little, if any real customers, or real trading volume, and they are probably not safe to entrust with a deposit to buy/sell coins.

Binance is the only reputable exchange I am aware of that will charge a listing fee, but I am unsure how much they charge, probably more than 2 ETH. If I were a coin dev, or was behind the creation of a new coin, I would be hesitant to pay to list my coin, I would rather an exchange list my coin because they believe they will earn a lot via trading commissions via real trading.  

I can't find any exchanges that trade your offered collateral, but why do you not trade the collateral you are offering on an exchange for the 1 ETH you need?

You can PM newbies - change your settings.

You should lock this thread before you get tagged for asking for a no collateral loan.


Not your risk though...

Hello Sir Moderator, please lock this thread. I got the fund i need. Thank you all for the suggestions.

The only one who can lock your thread, is you. Look on the downleft corner of your topic and you will see the lock link. 8)

Moderator also can lock if any thread abuse by bumping or something else.

You should lock the thread as condoras advised you should follow that to lock the thread.