Guidelines
For clarification, the only 'lenders' will be the Bantam Team.
We are not asking, encouraging or soliciting for outside lenders to participate in the bantam project. The responsibility of furnishing bitcoin loans rests solely on the Bantam team.
Loan amounts are 'up to a maximum' of 1 BTC based on the amount of collateral the borrower pledges. This means individuals may only qualify for loans much lesser than 1 BTC if they don't have sufficient collateral to support their loan request.
Our goal is to disperse up to 50 BTC worth of loans over each 24 month period.
The Bantam Project will only ever furnish up to a maximum of 1BTC per individual.
As stated in our terms, 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.
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 coin seems really good but it needs an exchange, OP should consider some exchanges and the easier ones are ccex and yobit.
The sooner this is done the better for the coin.
We currently are in talks with some exchanges, and settling on where the best home for BNT will be
Bare in mind this is a long term venture that will grow over time due to the nature of the project itself. Instead of miracle technologies, and hyped releases Bantam (BNT) has opened the doors to Crypto 3.0 currencies.
These are currencies and digital assets based not on abstract technologies, and marketing hype. Crypto 3.0 currencies are based on necessity, and they perform dedicated tasks.
Bantam acts as a lubricant that allows the wheels of crypto commerce to drive this digital currency based economy into the next phase.
A very important part of any commercial arena is the ability for individuals to take on loans in order to expand personal and commercial productivity, which overall leads to a boom in their own financial capacity. But, without an established database of credit, individuals are paralyzed and unable to prove their own or disprove someone else's credit worthiness and without collateral, loans become a thing of mythology even if credit is established.
The bantam project seeks to furnish BTC loans based on Bantam's blockchain database that tracks credit worthiness of individuals based on publicly verifiable records of loan repayments, or the lack thereof, and the amount of publicly verifiable BNT holdings of individuals that are seeking loans. It is in this way, that Bantam becomes the world's first dedicated, cryptographic representation of digital collateral, allowing individuals to take on loans, make repayments and ultimately to provide proof of credit worthiness.
