bananahunter67's DEPOSIT SERVICE WITH INTEREST - WIN MONTHLY INTEREST ON YOUR ALT COINS.
IN BRIEF
I will be functioning like a bank, offering interest for deposits. I will be taking loans in alternative cryptocurrencies and will be giving between 3 and 10 % iterest on them for specific period of time which usually will be 1 month. A escrow with guarantee for the sum im BTC is possible if you find someone trusted to provide it for 0%.
TERMS AND CONDITIONS
1. I will be requesting a loan (deposit) of an alt-currency for a BTC equivalent based on the "BUY" price of the exchange for it, or, if specified, any other custom price me and custommer agree on.
2. The loan will be for x period of time which may vary and will be updated for each new deposit request, but by default will be 1 month.
3. No later than the agreed period of time fir the deposit I am obliged to do one of the following two things:
A.
When escrow service is used:- Return the same alt coins amount to the investor +
3% interestOR- Return the BTC equivalent of the alt deposit
estimated on the price basis on which the deposit was made (not on the market price by the time of the end of the deposit) +
5% interest in BTC
B.
When escrow service is not used:- Return the same alt coins amount to the investor +
5% interestOR- Return the BTC equivalent of the alt deposit
estimated on the price basis on which the deposit was made (not on the market price by the time of the end of the deposit) +
10% interest in BTC
The decision which of the two options for returning the deposit to be used is solely mine.
4. I think that my account is trustworthy enough so I can get directly the deposits, however, if someone insist to use an escrow from a more trusted member than me (me sending the BTC guarantee to the escrow from the begining), I am absolutely OK with that, given the fact that the escrow is charging 0% for it's service. I will be able to take deposits without escrow guarantee on higher interests all the time, however, I will have limited abilities to take deposits with escrow gurantees and I will state what is my current escrow buffer.
5. Minimum deposit is 0.1 BTC equivalent.
EXAMPLE
I am taking 1 BTC worth of DOGE on a price of 100 satoshi, this is a milion (1'000'000) DOGE.
When using escrow:
I am sending to the escrow 1.05 BTC and then I get the DOGE. The escrow gurantee stays locked untill the time of the end of the deposit and if I choose to refund the deposit in DOGE I will get back my BTC from the escrow.
Non later than the x period of time as agreed with custommer I am obliged to return to him either 1.05 BTC from the escrow or 1030000 DOGE.
You win: 0.05 BTC or 30'000 DOGE.
When not using escrow:
Escrow is not used.
Non later than the x period of time as agreed with custommer I am obliged to return to him either 1.1 BTC or 1050000 DOGE.
You win: 0.1 BTC or 50'000 DOGE.CURRENTLY TAKING:
Deposits with escrow have current escrow buffer limit of 1.225 BTC.
Deposists without escrow have limits as stated below.
Worldcoin (WDC).
Price: average BUY price on Cryptsy or ~ 8050 satoshi
Limit: Current escrow buffer or 1.5 BTC (which is more).
Megacoin (MEC).
Price: average BUY price on Cryptsy or ~ 14800 satoshi
Limit: Current escrow buffer or 2 BTC (which is more).
Tagcoin (TAG).
Price: average BUY price on Cryptsy or ~ 25500 satoshi
Limit: Current escrow buffer or 1.5 BTC (which is more).
Auroracoin (AUR).
Price: average BUY price on Cryptsy or ~ 390'000 satoshi
Limit: Current escrow buffer or 1.5 BTC (which is more).
KittehCoin (MEOW).
Price: 5 satoshi
Limit: Current escrow buffer or 10 BTC (which is more).
Lottcoin (LOT).
Price: 3 satoshi
Limit: Current escrow buffer or 1.5 BTC (which is more).
Isracoin (ISR).
Price: current exchange price
Limit: Current escrow buffer or 5 BTC (which is more).
Note: as prices fluctate all the time I reserve the right to change prices I am accepting if the deal is delayed and re-ask the client for confirmation he is OK with new price. Final price is the price, agreed in the final deal.