Topic: [ANN] Bantam [BNT] The world's first Crypto Collateral System | BTC Loans - page 16. (Read 32873 times)

EXCHANGE NEED FOR COIN FAST OR GO TO HELL SCAM DEV & COIN 

Edit: I believe we aren't allowed to post addresses. Will PM

DONE

Hello developer,

Do you have any plans for exchanges? If so, which do you plan on having this coin listed on?

All the best,
Adam

PROCESSING

Please post your btc address


Please note, if at anytime before settlement of this debt your BNT holdings fall below 1,000 BNT this will be a default as per section 3 of our terms and your collateral will be seized and absorbed into the bantam reserve

What did you do to get that low trust rating? Lol were you the one behind all of last year's scams?

JUST SHUT YOUR DIRTY MOUTH KID

Okay dev:

These are the terms for round one, baring in mind we are pledging 50 BTC worth of loans over each 24 month period

each round will have varying conditions

and you are correct, in round one, 1,000 BNT in holdings and 2,000 BNT pledged as collateral net's you a 0.2 BTC loan

If you do not agree with these terms, please do not participate

Anyone else who wishes to participate there are five 0.2 BTC loans on offer as per the terms listed above, place your request and we'll go from there

lol you have -32 trust score you not even eligable

How many of these coins do you have? pm me.

I ALSO WANT TO SELL THIS MY SHITCOINS FUCK OFF DEV 

Update, please nobody should contact me again as regards buying this coin, i am also willing to sell those that i have right now.

YEAH MAN DEV IS MAD I THINK HE CHANGE THE WHOLE COIN DIRECTION

DEV WTF IS WRONG WITH YOU WANT TO KILL YOUR COIN OR WHAT?

This probably have changed the whole announcement of this coin, initially it was 1 btc for 1000 BNT and now it is 0.2 btc for 3000 BNT.
This does not speak well of this coin.

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. Obligations

In 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.

I am also interested in 0.5 btc loan, how do i go about it?

Ok, I would like a 1 btc loan. How much BNT will I need? Also are you going to send btc first or use an escrow? I don't see how this will work without escrow.

Okay Bantam team. I'd like to be considered for a loan and maybe this can serve as a nice demonstration for how it would work. I would be open to being as transparent as possible too.

How much collateral would I need for 0.2 btc to be repaid in full within the first week of January?  Will there be interest?

Got to start somewhere.

I'll put up collateral for a loan as well.

What are the necessary steps, Bantam team?