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Author Topic: Need 0.055 ETH loan. Collaterall worth $600+  (Read 91 times)
Lifeisagame
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February 18, 2018, 08:26:25 PM
 #1

Loan ammount: 0.055 ETH
Loan duration: 3 days max (most likely 24-48 hrs)
Reason: Buying a concert ticket (few last tickets left)
Interest: 20% (0.066 returned)
Collaterall: 4900 SAT tokens ($456 current value) and 1450 WCEX tokens ($145 current value)

Note: this is not attempt to sell tokens as there is no way im selling them for $55  however if someone wants to purchase them i may sell them at 50% of the value ($228 for SAT and $72,5 for wcex) and in that case i dont need the loan.

We can use escrow or we dont have to, im willing to send first if you are trusted member.
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ThatRandom8543
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February 18, 2018, 08:33:08 PM
 #2

Loan ammount: 0.055 ETH
Loan duration: 3 days max (most likely 24-48 hrs)
Reason: Buying a concert ticket (few last tickets left)
Interest: 20% (0.066 returned)
Collaterall: 4900 SAT tokens ($456 current value) and 1450 WCEX tokens ($145 current value)

Note: this is not attempt to sell tokens as there is no way im selling them for $55  however if someone wants to purchase them i may sell them at 50% of the value ($228 for SAT and $72,5 for wcex) and in that case i dont need the loan.

We can use escrow or we dont have to, im willing to send first if you are trusted member.

Could you post an address where the tokens are located at?
Lifeisagame
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February 18, 2018, 09:08:31 PM
 #3

They are still ongoing ICOs. www.sphere.social and www.wcex.co

Im giving ICO accounts with tokens transferable after ICO ends along with my registered email address (6 years old that i use for business).

Once you change all the passwords only than send me ETH. Once i refund ETH i get my accounts back.

I think its a quite fair deal as those tokens are currently worth over 1000% of the loan ammount requested and i doubt after ico price will fall to 0.01$ per token (but even in that case its still worth more than loan ammount). And you will not hold the accounts untill ico ends anyways couse im refunding the loan as stated in max 72hrs. (my regular job paycheck should settle in about 24 hrs or so) and i would not ask for loan otherwise but as i said in previous post, there are only few tickets left and i dont wanna lose them.
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February 18, 2018, 09:20:35 PM
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They are still ongoing ICOs. www.sphere.social and www.wcex.co

Im giving ICO accounts with tokens transferable after ICO ends along with my registered email address (6 years old that i use for business).

Once you change all the passwords only than send me ETH. Once i refund ETH i get my accounts back.

I think its a quite fair deal as those tokens are currently worth over 1000% of the loan ammount requested and i doubt after ico price will fall to 0.01$ per token (but even in that case its still worth more than loan ammount). And you will not hold the accounts untill ico ends anyways couse im refunding the loan as stated in max 72hrs. (my regular job paycheck should settle in about 24 hrs or so) and i would not ask for loan otherwise but as i said in previous post, there are only few tickets left and i dont wanna lose them.

So you dont have the tokens in an address where you could send them AND they arent sold on an exchange? If thats the case the collateral isnt valid. The collateral should be able to be secured (using an account isnt valid since you could state you were hacked), and should be able to be liquidated in the event of an default, and there isnt a guarantee that the tokens would be on an legit exchange or if they will be, would be able to get sold to cover loses.
Lifeisagame
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February 18, 2018, 09:33:44 PM
 #5

Well unfortunatelly thats all i have as a collaterall.

If someone is willing to take a risk with this loan for 20% interest please post below. No deals via PM.

Here is my ETH address: 0xd59287C566816360F12d6AD9A6bbA0AC8A1aD72B
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February 18, 2018, 10:03:50 PM
 #6

Looks like you'll the miss that concert then, unless you can borrow the money from someone local.

The collateral is invalid simply because you can't transfer control over it to the lender. When you borrow money, the expectation is that you not only offer proper collateral but also assign rights over it to the lender. And you do that by giving the lender full access and ownership rights to that collateral. What you are doing in your post above is offering temporary access to it. That's because after the loan is granted, you can recover the ICO accounts by going through the ICO's account recovery process.

In essence, if you cannot transfer the tokens to an account solely controlled and owned by the lender, the collateral is not valid.

Lifeisagame
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February 18, 2018, 10:25:36 PM
 #7

I cant recover accounts without access to my email box and im giving it as well with accounts. But thanks for constructive comment.

I have no problem to borrow a money from friend without collaterall however in general i prefer if i dont have to take loans from people that i know (dont ask me why, small place), but i will do that if i dont find lender here no worries.

Meanwhile i will leave this thread opened for next 10-12hrs if someone wants to earn quick 0.011
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Lowest EVER interest lending! (Use escrow always)


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February 19, 2018, 12:56:37 AM
 #8

If you are able to transfer the collateral over to me or a trusted escrow, I'll be happy to fill this loan.

Lowest interest lending in bitcointalk history. https://bitcointalk.org/index.php?topic=2846750.0
monbux
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February 19, 2018, 02:50:56 AM
 #9

If you are able to transfer the collateral over to me or a trusted escrow, I'll be happy to fill this loan.
The collateral cannot be escrowed. The OP is offering his ICO accounts, which can be reclaimed by him at any time.
Lifeisagame
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February 19, 2018, 10:01:27 AM
 #10

Loan no longer needed.
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