[ANN] Bantam [BNT] The world's first Crypto Collateral System | BTC Loans

[BantamSystems]

Hola what will happen if 1000 bnt coins holder unable to repay a 1 btc loan?

There are many things. Firstly, the BNT pledged as collateral will be seized and absorbed into the Bantam Reserve and due to value appreciation/depreciation cycles, there will be several instances where 1000 BNT will be valued higher than 1 BTC. So it's actually more beneficial for the borrower to repay his loan than to default.

As a further precaution, borrowers that fail to make repayments as scheduled will be at risk of having their bitcointalk account and all of their known BNT and BTC addresses blacklisted thus preventing them from participating in the Bantam Project.

Overall, more financial benefit will be derived from maintaining and building a solid history of loan repayments because this will enable you to draw more BTC loans in the future - versus someone who doesn't have a consistent history.

And, as a side note, loans will be 'up to a maximum' of 1 BTC based on the amount of collateral the borrower pledges. This means individuals may only qualify for loans much lesser than 1 BTC if they don't have sufficient collateral to support their loan request.

[Acidx]

Hola what will happen if 1000 bnt coins holder unable to repay a 1 btc loan?

There are many things. Firstly, the BNT pledged as collateral will be seized and absorbed into the Bantam Reserve and due to value appreciation/depreciation cycles, there will be several instances where 1000 BNT will be valued higher than 1 BTC. So it's actually more beneficial for the borrower to repay his loan than to default.

As a further precaution, borrowers that fail to make repayments as scheduled will be at risk of having their bitcointalk account and all of their known BNT and BTC addresses blacklisted thus preventing them from participating in the Bantam Project.

Overall, more financial benefit will be derived from maintaining and building a solid history of loan repayments because this will enable you to draw more BTC loans in the future.

And, as a side note, loans will be 'up to a maximum' of 1 BTC based on the amount of collateral the borrower pledges. This means individuals may only qualify for loans much lesser than 1 BTC if they don't have sufficient collateral to back their loan.

This seems really interesting. Any future plans to make a thread about this coin over on forum.bitcoin.com too? I'm sure a lot of users there would be interested in this too.

[Rago]

Hola what will happen if 1000 bnt coins holder unable to repay a 1 btc loan?

There are many things. Firstly, the BNT pledged as collateral will be seized and absorbed into the Bantam Reserve and due to value appreciation/depreciation cycles, there will be several instances where 1000 BNT will be valued higher than 1 BTC. So it's actually more beneficial for the borrower to repay his loan than to default.

As a further precaution, borrowers that fail to make repayments as scheduled will be at risk of having their bitcointalk account and all of their known BNT and BTC addresses blacklisted thus preventing them from participating in the Bantam Project.

Overall, more financial benefit will be derived from maintaining and building a solid history of loan repayments because this will enable you to draw more BTC loans in the future - versus someone who doesn't have a consistent history.

And, as a side note, loans will be 'up to a maximum' of 1 BTC based on the amount of collateral the borrower pledges. This means individuals may only qualify for loans much lesser than 1 BTC if they don't have sufficient collateral to support their loan request.

Ok i understand it btw do we need to do any type of verification for loan or it will anynomous loan via your service platform?

[BantamSystems]

Ok i understand it btw do we need to do any type of verification for loan or it will anynomous loan via your service platform?

https://i.imgur.com/TJxE1Lk.jpg

The best way to lodge your loan request is via this very thread, then full discourse will be had through private messages.

and just to mention, negative trust feedback depletes the chances of you qualifying for a loan entirely.

[benjy33]

exange?

[Acidx]

exange?

It just was released, calm down.

Who will be the first person to make a loan with Bantam?

[Acidx]

If anyone wants to buy some. I will be selling 100 Bantam per 0.09 btc. Since for 1000 you will be able to borrow 1 btc with.

[noel57]

If anyone wants to buy some. I will be selling 100 Bantam per 0.09 btc. Since for 1000 you will be able to borrow 1 btc with.

Your price quote on this is too high though i am interested in buying some, however there might be procedures to get the loan, do you ever think about that?
I want to buy some BNT contact me if you have it for cheap.

[jimlite]

Dev,

Do you have twitter account to post? Mining / coin parameters, etc?

[BantamSystems]

  This is quite interesting. Great idea, I see it flourishing. I'm in.

Thanks, glad to have you on board

Dev,

Do you have twitter account to post? Mining / coin parameters, etc?

Sure, our twitter page will be going live shortly.

Aside from that, Bantam has a total of 76,500,000 coins
Uses the X11 hashing algo
9,945,000 coins in the BNT reserve
Hybrid proof of work and stake
PoW until block 1576800
45 BNT block reward

RPC Port: 21771
P2P Port: 21772

addnode=45.63.19.129

By the way guys, the BNT block explorer is now live thanks to CryptoID


https://i.imgur.com/lb0RxL2.png

BNT @ CryptoID

[trader19]

 This is quite interesting. Great idea, I see it flourishing. I'm in.

Thanks, glad to have you on board

Dev,

Do you have twitter account to post? Mining / coin parameters, etc?

Sure, our twitter page will be going live shortly.

Aside from that, Bantam has a total of 76,500,000 coins
Uses the X11 hashing algo
9,945,000 coins in the BNT reserve
Hybrid proof of work and stake
PoW until block 1576800
45 BNT block reward

RPC Port: 21771
P2P Port: 21772

addnode=45.63.19.129

By the way guys, the BNT block explorer is now live thanks to CryptoID




BNT @ CryptoID

great explorer, yay. i have a question, how long does it take for coins to mature and stake? what's staking % reward? didn't find this information on OP. thanks

[Acidx]

great explorer, yay. i have a question, how long does it take for coins to mature and stake? what's staking % reward? didn't find this information on OP. thanks

It seems to need 120 confirmations and block timer seems to be 1 minute. Not sure about the pos part.

[jimlite]

Thanks for answering the questions about the coin stats dev, though someone did ask about the PoS % per year.
Congrats on the launch and it is looking good with the block explorer and twitter coming soon. Keep us posted, and
I'm sure if you emailed or tweeted to Yobit they would add you. The bigger exchanges like Bittrex or Poloniex will
most likely wait to see a big thread, interest in the coin, or massive mining first. Good luck.

[Acidx]

  This is quite interesting. Great idea, I see it flourishing. I'm in.

Thanks, glad to have you on board

Dev,

Do you have twitter account to post? Mining / coin parameters, etc?

Aside from that, Bantam has a total of 76,500,000 coins
Uses the X11 hashing algo
9,945,000 coins in the BNT reserve
Hybrid proof of work and stake
PoW until block 1576800
45 BNT block reward

RPC Port: 21771
P2P Port: 21772

addnode=45.63.19.129

What is maturity age for coins?

Also, are you planning on creating a subreddit to attract a userbase for the coin?

[tobeaj2mer01]

Can you reveal more information about you or your team?

[ethought]

  This is quite interesting. Great idea, I see it flourishing. I'm in.

Thanks, glad to have you on board

Dev,

Do you have twitter account to post? Mining / coin parameters, etc?

Aside from that, Bantam has a total of 76,500,000 coins
Uses the X11 hashing algo
9,945,000 coins in the BNT reserve
Hybrid proof of work and stake
PoW until block 1576800
45 BNT block reward

RPC Port: 21771
P2P Port: 21772

addnode=45.63.19.129

What is maturity age for coins?

unsigned int nStakeMinAge = 24 * 60 * 60; // 24 hours

[matveevka]

I would have sold if the price would be good 

[BantamSystems]

Thanks for answering the questions about the coin stats dev, though someone did ask about the PoS % per year.

Hey, that's 3% staking reward per year

Really interesting project i`m watching this one.

Thanks for your support, glad to have you on board

[bhokor]

well this coin is a really interesting project the bigger difficulty i see with it will be in bring here the loaners, but if it works it can make old to bussines like btcjam, good luck dev

[noel57]

The coin seems really good but it needs an exchange, OP should consider some exchanges and the easier ones are ccex and yobit.
The sooner this is done the better for the coin.