To learn more about crypto world and to have fun I try to start a small Altcoin Loan & Pawn Shop.
Conditions of Loan- You must have ERC20 Tokens worth at least 300% of the loan value
- I pay my fee. You pay your fee.
- No hard feelings if you don't pay. No red trust. I know some don't pay and I probably loose the all ETH in the end
Current Limits and Rates- Maximum loan amount of 1 ETH
- I have maximum 4 ETH at the moment for this "project"
- Current "interest" rate is 3% of the ERC20 tokens per day
- You only pay the same amouth ETH back and get the Altcoins that are left back
Extra InfoYou send ERC20 tokens to my MEW first. I send ETH back to the wallet you send from.
When you pay back loan you send first and I send back to the wallet you pay from.
Please post applications in the thread.
I maybe change the terms after feedback. But no one is put worse than when the deal is made. Only better if better terms.
Some will say they just could sale the ERC20 tokens. You are right.
Escrow service are super good. But not for me at the moment. I will like to try the direct contact, the risk and control.
I use this wallet
https://ethplorer.io/address/0x0e841dee0ae230c0948784a2a1ae57880de02d04#pageSize=100MEW 0x0E841dEE0AE230c0948784A2A1ae57880dE02d04
I know it is hard to put price on new coins, airdrops etc. But lets try.
I buy privat keys for MEW as well. If you have a lot small airdrops with very little value. I could give an offer to empty the wallet.
FEEDBACK welcome - this is my first time. Just to learn.
