First BNT loan furnished to
Pyramusx Transaction: 8ed2442f1bbd2187d612afca77d911aee896e9b098c1810a8407c165d0ec58a0
Okay dev:
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I, Pyramusx, guarantee that these are my BNT holdings: 4,489.71782918 BNT. I pledge 2,000 BNT and will hold 1,000 BNT in wallet.
Purpose of the loan: To help demonstrate how BNT will work to forum users and might as well take some time to 'invest' in shitcoins.
Repayment: Will repay before January 15th in installments of 0.0525 BTC as necessary. 30 days not required.
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Signed with Bantam address BFAsmcXDYkZTFD6SGZ864PTyVcQd67KRo8:
H0dVkFXBU+1IA5J+A65HmzhqFvSknfEPceWGwG1udWtypl2jX3mTsvOWwO4bea7jpjRVdYx25bRogeEE84reECU=
0.2 BTC @ 5% interest,
2,000 BNT held as collateral: BDcvTg533EY9GE33KQDJngEETR3ugRu2re
1Db1odtcss3q4dytjBpSYQAfnf5DS7iuqS is my address
Three more loans remaining terms are below
The Bantam Project offers FIVE 0.2 BTC loans at 5 percent interest
To qualify, you will publicly declare the BNT address that contains your Bantam (BNT) holdings with signed transactions for verification and you will also state the amount of BNT that you are pledging as collateral. You will also state clearly what you intend to do with the loan, and how you intend to furnish repayments.
Required BNT holdings per each 0.2 BTC loan: 1,000 BNT
Required BNT collateral pledge per each 0.2 BTC loan: 2,000 BNT
Each loan must be paid, within 30 days, back by way of four 0.0525 BTC payments
Failure to repay will result in a default, and all BNT pledged in collateral will be seized and absorbed into the bantam reserve.
BY PARTICIPATING IN THE BANTAM PROJECT, YOU AGREE TO BE BOUND BY THESE TERMS AND ALL OTHER TERMS INCORPORATED BY REFERENCE. IF YOU DO NOT AGREE TO ALL OF THESE TERMS, DO NOT USE OUR SERVICES.1. Definitions“
Collateral” means units of Bantam (BNT) pledged as backing for repayment of a loan, to be forfeited in the event of a default.
“
Holdings” means units of Bantam (BNT) in someone’s possession.
“
Loan” means a sum of digital currency that is borrowed, and expected to be paid back with interest.
2. Eligibility
Individuals with provable “holdings” of 1,000 units of Bantam (BNT) or more, become eligible to receive a loan of up to 1 Bitcoin (BTC) via the Bantam Reserve. These individuals must pledge BNT “collateral” which is separate from their BNT “holdings.” Pledging of BNT Collateral will form a covenant guaranteeing repayment of any loan that is furnished. Should this covenant be broken, all collateral is forfeited and absorbed into the Bantam Reserve.
3. ObligationsIn order to qualify as an eligible candidate for a loan, you will publicly declare the BNT address that contains your Bantam (BNT) holdings with signed transactions for verification and you will also state the amount of BNT that you are pledging as collateral. You will also state clearly what you intend to do with the loan, and how you intend to furnish repayments.
Borrowers must maintain holdings of at least 1,000 BNT to render themselves low risk. We reserve the right to seize all BNT pledged as “Collateral” if, before complete settlement of their loan, the borrower’s BNT “holdings” are found to be less than the required minimum of 1,000 units of Bantam (BNT)
We may, at our discretion, refuse loan applications if ability to repay is deemed to be uncertain. We will refuse applications if the applicant posts a loan request from a bitcointalk.org forum account that is ranked lower than “Jr. Member.” Loan requests will be refused if the borrower does not have any verifiable Bantam (BNT) holdings.
The Bantam Project reserves the right to change or modify these terms. If changes are made, notice will be provided by way of public announcement. You are encouraged to frequently review the terms to maintain an up to date understanding of the terms that apply to your participation in the Bantam Project.
