How come only 1 week max? 
All loans are for a period of one week, unless agreed upon otherwise
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I know, Was wondering, for such bit loans, why would he make the default 1 week?
Topic: [CLOSED] Tomatocage's 1% interest loans, up to 20 BTC (collateral required) - page 9. (Read 11414 times)
September 05, 2013, 05:15:07 PM
I know, Was wondering, for such bit loans, why would he make the default 1 week?
September 05, 2013, 05:14:33 PM
How come only 1 week max?
All loans are for a period of one week, unless agreed upon otherwise
September 05, 2013, 05:10:07 PM
Oh wow, a super trusted member creating loans... Good Luck, Will stop by here when I need it! 
How come only 1 week max?
How come only 1 week max?
September 05, 2013, 05:04:32 PM
Lending currently on hold. I'll update when I resume loans. Thanks!
I have up to 20 BTC to loan at 1%!!!
No questions asked, and brand new users welcomed, even if you just registered today.
Terms
Example Request
Amount requested: 1 BTC
Purpose: I don't care (No questions asked, etc)
Term: 1 week
Trusted?: I don't care. You're supplying collateral.
Reply to this thread if you're interested.
Edit: 10/18/2013: I need to scale back the loan pool to 20 BTC due to the diminishing LTC/BTC exchange rate.
Edit: Patch notes 02/01/2014
I have up to 20 BTC to loan at 1%!!!
No questions asked, and brand new users welcomed, even if you just registered today.
Terms
- You must supply collateral before receiving a loan
- Collateral must be in the form of LTC, XPM, PPC, or mcxFEE shares (mcxNOW.com)
- The amount of collateral will be 15% more than you're borrowing (ie. in order to borrow 10 BTC, you must supply 12 BTC worth of Litecoins at current market value). Likewise for mcxFEE shares.
- All loans are for a period of one week, unless agreed upon otherwise
- All collateral transfers must be from an address that YOU control
Example Request
Amount requested: 1 BTC
Purpose: I don't care (No questions asked, etc)
Term: 1 week
Trusted?: I don't care. You're supplying collateral.
Reply to this thread if you're interested.
Edit: Patch notes 02/01/2014
- Lending resumed
- Interest changed from 0% to 1%
- Added PPC to list of acceptable forms of collateral
- Tx fees on collateral return are now free
- Collateral amount reduced from 120% to 115% of loan amount
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