Looking for 2 BTC Loan. Collateral of AsiaCoins and WhiteCoins through escrow.

[sonysasankan]

Looking for 2 BTC loan for 7-10 days. I will put up a collateral of AsiaCoins and WhiteCoins of equal value with a mutually agreed upon escrow. Please reply on this thread and PM me with your offers, preferably mentioning your escrow preference as well. Looking to get this processed at the earliest.

[austin]

Looking for 2 BTC loan for 7-10 days. I will put up a collateral of AsiaCoins and WhiteCoins of equal value with a mutually agreed upon escrow. Please reply on this thread and PM me with your offers, preferably mentioning your escrow preference as well. Looking to get this processed at the earliest.

It's very risky to accept those altcoins because they were both created less than a month ago and have almost no reliability. If you really want this loan, you should probably offer something like 150% of the loan value or more.

[howzar]

I would accept this loan but in terms of 150% collateral.

[sonysasankan]

Hmmmm... 150% to compensate for fluctuations sounds fair enough. AC did go down a bit in price today. In that case can I add ECC to the mix to raise the collateral value and would you be willing to take a 10% reduction and make it 140%? So then basically 2 BTC would require a collateral of 2.8 BTC worth of altcoins at the current market rate. Here's the breakdown:

75,000 WC - 0.8625 BTC (@1150 sats on Poloniex)
185,000 AC - 1.2025 BTC (@650 sats on Poloniex)
20,000,000 ECC - 0.7988 BTC (@4 sats on Mintpal)

EDIT:  That would total 2.8638 BTC

Please mention the interest rates or the final amount that you are expecting for the 2 BTC to be returned in 10 days. Would it be lower if it were returned in 5 days? If so, then I would like to know that as well. Also I have never taken a loan before here, so im not versed with the etiquette regarding the escrow fee. Is it a percentage of the borrowed amount? Is it split between the lender and borrower?