Loan of 800 usdt, give back 850 by 31st of July / with great collateral

[AussieMat]

Hi,

Please only very reputable members!
I need 800 USDT, I’ll send you 2 NFTs which are AT LEAST worth 1200 USDT, sports rollbots #2222 and #777:
https://rollbit.com/nft/eth:0x1de7abda2d73a01aa8dca505bdcb773841211daf/777
https://rollbit.com/nft/eth:0x1de7abda2d73a01aa8dca505bdcb773841211daf/2222

These 2 belong to my eth address: 0x2FBFb67dCb312fAaf94788891A4C1a545dc5cf5B

Repayment amount: 850 usdt
Limit date for repay: 31st July 2024

On opensea, floor price is 0.18 eth per NFT (560 usd), collection bid is at 0.12 eth

[_act_]

You have 2 NFTs that are worth $1100. Then why do you need a loan of $1100? You can go and sell your NTFs at $1100 and use it instead of coming for a loan on this forum.

Do not mind me but what I am insinuating is that if I have more than enough to lend you, I can not lend you any coins because of the useless NFTs used as collateral.

[Vod]

Of course I’ll go first.

Of course you will.  You want to sell your NFTs.  You have no intention of paying the loan back by rebuying them.

[AussieMat]

Of course I’ll go first.

Of course you will.  You want to sell your NFTs.  You have no intention of paying the loan back by rebuying them.

Check the collection ask price in opensea on my address:
https://opensea.io/0x2FBFb67dCb312fAaf94788891A4C1a545dc5cf5B

Collection ask price is 0.13 eth for this. For both of them it’s 0.26 eth, or 800 dollars, so this would be the price for the WORST 2 NFTs of this collection, for an INSTANT sell. Collection trade history never shows a price this low though.
If you’ve never used Rollbit before, the links in OP give the minimum price. I am valuing them for less than that. I do NOT WANT to sell them! They’re dear to me and with very special numbers.

[DonaldTrumpJR]

Of course I’ll go first.

Of course you will.  You want to sell your NFTs.  You have no intention of paying the loan back by rebuying them.

Check the collection ask price in opensea on my address:
https://opensea.io/0x2FBFb67dCb312fAaf94788891A4C1a545dc5cf5B

Collection ask price is 0.13 eth for this. For both of them it’s 0.26 eth, or 800 dollars, so this would be the price for the WORST 2 NFTs of this collection, for an INSTANT sell. Collection trade history never shows a price this low though.
If you’ve never used Rollbit before, the links in OP give the minimum price. I am valuing them for less than that. I do NOT WANT to sell them! They’re dear to me and with very special numbers.

Here you must have a formal criterion of a valid guarantee, that should not be taken into account.

[JeromeTash]

The question is what happens if you default the loan?

How is the lender going to recover his money as fast as possible? What I know is getting to sell of NFTs isn't something as easy as selling off tokens or coins in an exchange. You first have to get someone interested in them, which can take ages or never.

It's similar to offering domain names as collateral. It won't work OP.

[DonaldTrumpJR]

The question is what happens if you default the loan?

How is the lender going to recover his money as fast as possible? What I know is getting to sell of NFTs isn't something as easy as selling off tokens or coins in an exchange. You first have to get someone interested in them, which can take ages or never.

It's similar to offering domain names as collateral. It won't work OP.

I agree with you.

[malcovi2]

You will have a hard time looking for a lender that would accept this NFT as a collateral especially when the 24 hr trading for this collection is very low.

[TryNinja]

When the market goes down there are very few people willing to buy NFTs, you can't just do like other shitcoins where market selling everything at 120% is possible (even when the market is bleeding hard).

Bid evaporates => no way of selling.

I honestly wouldn't accept nfts as collateral unless it's a highly liquid, hyped collection, and even then I would ask for 200% LTV or more.

[DonaldTrumpJR]

They should label it a warning there.

[AussieMat]

When the market goes down there are very few people willing to buy NFTs, you can't just do like other shitcoins where market selling everything at 120% is possible (even when the market is bleeding hard).

Bid evaporates => no way of selling.

I honestly wouldn't accept nfts as collateral unless it's a highly liquid, hyped collection, and even then I would ask for 200% LTV or more.

Most of trading occurs here and not on opensea:
https://rollbit.com/nft/sportsbot/marketplace?sort=discount.asc

it’s written on their opensea page where they mention this, so trading volume on opensea does not represent the real trading volume: https://opensea.io/collection/sportsbots?tab=items

I can take a loan of 700 dollars for both on Rollbit, with NO fees, but I’ll have to pay back within 7 days. If I want to sell, I’ll sell them at least for 1300 dollars, with the BEST DEAL on ALL of the marketplace. Proof? Check this link again: https://rollbit.com/nft/sportsbot/marketplace?sort=discount.asc
The NFTs can be sorted by best deals, and the best deal ever is ABOVE minimum price. I am offering you price BELOW minimum price.

There is no way I am not offering a good deal over here!

I just don’t want to sell them. I’ve checked your profile and would love to do this deal with you

[AussieMat]

Please check OP again, I edited the loan amount for 800 usdt. It’s what you can get on opensea by accepting the bid price and they’ll be sold instantly. I think that must be very good!