https://btcjam.com/listings/6622______________________________
This reputation bond serves two purposes.
The first as the name suggest, is for reputation building.
The second is to purchase inflation linked retail savings bonds.
Repayments are made from daily mining operations that are sufficient to cover repayments for twelve reputation bonds.
The capital received is used to purchase the inflation linked retail savings bond, the loan capital and interest is paid back daily with the income generated from daily mining operations.
The retail savings bond itself serves as security and shall be redeemed if the reputation bond for any reason fails.
The inflation linked retail savings bond consists of a bond with a three-year maturity – the capital and first year interest earned on the inflation linked retail savings bond is paid to the investors.
Capital amounts invested in inflation linked retail savings bonds are inflation adjusted over the term, and a floating interest rate is payable every six months on the interest payment dates.
The capital amount is inflation adjusted semi-annually on the interest payment dates until maturity, the interest is payable until maturity.
This reputation bond is the first of twelve bonds.
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