I am giving you a loan of 0.01
BTC for some collateral(altcoins with a little higher market price than loan amount due its volatile nature). I need 50% of loan amount as interest and also the principal amount for a period of one month.
Example:
0.01
BTC loan for one month.Took altcoin as collateral. After a month received 0.015
BTC and returned the altcoins as it is.
Interest will be levied(at the same rate) if the debtor needs one more month to repay the amount
No accounts as collateral accepted.
Altcoin would be ceased if the debtor failed to repay.
No PM. All the conversation should be done here only.