Coming new project the loan scheme no collateral

coin-investor

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Quote from: Yamane_Keto on September 07, 2023, 08:55:09 AM

Quote from: coin-investor on September 05, 2023, 05:59:14 AM

Are you going to implement KYC There is no mention that the loaner should undergo KYC, How is it possible in a Cryptocurrency environment I have read many different concepts in Cryptocurrency but there's nothing like this, the concept is very suspicious you're not telling us everything.

I guess you didn't read this part.

Quote from: Xbank on September 04, 2023, 12:55:23 PM

We think that the coins you can borrow could be TRON USD or EUR GBP currencies so the new stable coins issued by our tean backed by BTC or TRX.
or we may considering to use loan method with existing coins aswell definately with btc and tron.

It is true that you will get a loan, but it will not be in Bitcoin or any famous stablecoins. Rather, the team will create a new stablecoin and will give it to you in exchange for Bitcoin with the same value + profits.

Terra Luna did the same idea, but on a large scale and with thousands of bitcoins, but they failed in the end.

I read and understand it

Quote

we may considering to use loan method with existing coins aswell definately with btc and tron

Kindly read the words in your quote or did you miss it?
Anyway moving on I don't trust their concept check how their use of words and you can easily see that they do not have a solid plan for everything, their choice of words is vague.

Yamane_Keto

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Quote from: coin-investor on September 05, 2023, 05:59:14 AM

Are you going to implement KYC There is no mention that the loaner should undergo KYC, How is it possible in a Cryptocurrency environment I have read many different concepts in Cryptocurrency but there's nothing like this, the concept is very suspicious you're not telling us everything.

I guess you didn't read this part.

Quote from: Xbank on September 04, 2023, 12:55:23 PM

We think that the coins you can borrow could be TRON USD or EUR GBP currencies so the new stable coins issued by our tean backed by BTC or TRX.
or we may considering to use loan method with existing coins aswell definately with btc and tron.

It is true that you will get a loan, but it will not be in Bitcoin or any famous stablecoins. Rather, the team will create a new stablecoin and will give it to you in exchange for Bitcoin with the same value + profits.

Terra Luna did the same idea, but on a large scale and with thousands of bitcoins, but they failed in the end.

robelneo

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Quote from: Xbank on September 04, 2023, 12:55:23 PM

No nothing like that.

We think that the coins you can borrow could be TRON USD or EUR GBP currencies so the new stable coins issued by our tean backed by BTC or TRX.
or we may considering to use loan method with existing coins aswell definately with btc and tron.

That's one idea but well Explore more ways

You should not be posting things like this, because based on how you configure or choose your words you do not know how everything works you just want to extract ideas on how your ideas will turn out.

If you are so sure of your project or idea you should not be using the word we think, could be, we'll explore more ways these are words that are not sure of what they really mean or what their projects are all about.
You better lock this thread and just come back once you have a solid plan.

coin-investor

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Quote from: Xbank on September 03, 2023, 09:02:08 AM

More info coming soon...
If you don't pay back then it will affecting directly your wallet credit rating and don't get any more credit.
Now imagine you have 100,000$ crypto in wallet you get 5000-10,000$ loan
If you have 1000,000$ then it could be 50k-100k loan.
Nobody don't take your private keys and nobody don't ask your coins to send only you who hold your coins.

If you don't pay back you can't just get any more credit.

The scheme is pretty much same when the banks does it until year 2008

Are you going to implement KYC There is no mention that the loaner should undergo KYC, How is it possible in a Cryptocurrency environment I have read many different concepts in Cryptocurrency but there's nothing like this, the concept is very suspicious you're not telling us everything.

You can give us small details for now but the main details you should post now because it will likely backfire if your post here is incomplete and you are adding information that is not initially in your post, I call this deception so you should bring post everything now.

aioc

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Quote from: Xbank on September 04, 2023, 12:55:23 PM

Quote from: aioc on September 04, 2023, 08:48:06 AM

Are you serious this is like inviting bad people to scam you. unless you've asked people to undergo extensive KYC, are you that rich to provide loans without collateral, and what do you mean by the contribution you have to be specific, if you're going to ask people first to send you funds, then you're just taking people for a ride.
You ask people to send you funds to set up the platform this is no different from ICO and if this is the case then you have a plan to scam people.

No nothing like that.

We think that the coins you can borrow could be TRON USD or EUR GBP currencies so the new stable coins issued by our tean backed by BTC or TRX.
or we may considering to use loan method with existing coins aswell definately with btc and tron.

That's one idea but well Explore more ways

I don't know how you are going to this this is too good to be true and unrealistic to give loans with no collateral in the Cryptocurrency environment, this is something new or am I missing something I don't know the whole concept but you should publish a whitepaper for this for us to fully understand the concept.

I have doubts about this you did not mention that the one who will take a loan should buy first your token before they can take a loan so if you're going to launch your project I hope you will not add something that is not yet in your explanation.

rat03gopoh

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Quote from: Xbank on September 03, 2023, 09:02:08 AM

More info coming soon...
If you don't pay back then it will affecting directly your wallet credit rating and don't get any more credit.

With my shallow knowledge, my trick is to apply for several addresses at once with a crypto value that meets the maximum credit. Maybe I'll pay back a few loans until I get large credit, and then I'm gone.

Quote

Now imagine you have 100,000$ crypto in wallet you get 5000-10,000$ loan

Scammer say: yeah, yeah, I can imagine that.
Well, good luck with your business. Becareful out there!

NotATether

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I don't like this whole idea of converting crypto into a bank.

Banks have their own problems like bank runs, credit scores, loans and fractional reserves as well, and none of this is going to work for a decentralized currency. If you need an example of how things can go terribly wrong when you try to make it like that, look at DeFi.

Also this service will be targeted by a lot of thieves.

Yamane_Keto

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Quote from: Xbank on September 04, 2023, 12:55:23 PM

We think that the coins you can borrow could be TRON USD or EUR GBP currencies so the new stable coins issued by our tean backed by BTC or TRX.
or we may considering to use loan method with existing coins aswell definately with btc and tron.

That's one idea but well Explore more ways

If what I understood is correct, then your project is based on:

User sends you Bitcoin.
In return, receives a stable currency issued by your team backed by BTC
Gets a return of 10% to 5% depending on the deposit.

What is the guarantee that your stablecoin will remain stable or tied to one dollar? And why not give users returns using USDT.

Will the user get the full value of the loan, or will he get 10% first?
If the deposit is in Bitcoin and he will get a loan + 10% in USDT, how can you guarantee that he will repayyou back?

chigo

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Quote from: Xbank on September 03, 2023, 08:35:34 AM

Coming new project we Are looking for early contributers aswell.

You get credit by your cryptocurrency holdings no collateral needed.
You have funds in your wallet 1000$ you get loan 5-10% so 50$-100$.
If you pay back your credit limit will increase. NO NAMES OR ID NO KYC.

Yes it's great project !

So what concept are you going to use? will it be the same as most DeFi projects and will you create a centralized concept?

I currently have a few thousand dollars in my savings account, and it doesn't make sense for me to have to put all my money in a project that you are planning and borrow $100 from it.

Honestly, the project you are planning here, doesn't seem very useful at all lol

Zoomic

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Quote from: Xbank on September 03, 2023, 09:02:08 AM

Yes it's great project !

You would have waited for others to say how great the project is.

Quote from: Xbank on September 03, 2023, 09:02:08 AM

More info coming soon...
If you don't pay back then it will affecting directly your wallet credit rating and don't get any more credit.
Now imagine you have 100,000$ crypto in wallet you get 5000-10,000$ loan
If you have 1000,000$ then it could be 50k-100k loan.
Nobody don't take your private keys and nobody don't ask your coins to send only you who hold your coins.

If you don't pay back you can't just get any more credit.

The scheme is pretty much same when the banks does it until year 2008

Your project does not solve the problem of the poor. If I have $100k in my wallet, what need do I have to borrow $10k?
Again, for there not to be a collateral abs the consequences of defaulting loan is not getting another loan is a pure red flag.
In the other words, the project is sounding like, accumulate plenty coins in your wallet, apply for a loan so that we can have access to the funds in your wallet.

SamReomo

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Quote from: Xbank on September 03, 2023, 08:35:34 AM

Coming new project we Are looking for early contributers aswell.

You get credit by your cryptocurrency holdings no collateral needed.
You have funds in your wallet 1000$ you get loan 5-10% so 50$-100$.
If you pay back your credit limit will increase. NO NAMES OR ID NO KYC.

Yes it's great project !

It sounds great to have loans without collateral but I still think that how can you provide those loans? Do you need any proof from the owner of a wallet or you need some other details in order to proceed the loan? Because it seems strange to me that if we have funds in my wallet then you'll give us loans of 5-10% and that without any names or KYC verification. I think you haven't explained in detail that how this type of loan scheme works.

I don't know about others but I have noticed that you have some difficulty to explain things in detail and because of that I think you aren't fluent in English language. I think it would be better if you can explain in detail that how a system like that works where a bank or entity gives loans to users who have funds in their own wallets. I believe if that thing is true then you may get scammed many times by offering a service like that and the ones who took loan from you can run away with it without any issues. Explain in detail about your scheme so we can understand fully that how it works.

Xbank

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Quote from: aioc on September 04, 2023, 08:48:06 AM

Quote from: Xbank on September 03, 2023, 09:02:08 AM

More info coming soon...
If you don't pay back then it will affecting directly your wallet credit rating and don't get any more credit.
Now imagine you have 100,000$ crypto in wallet you get 5000-10,000$ loan
If you have 1000,000$ then it could be 50k-100k loan.
Nobody don't take your private keys and nobody don't ask your coins to send only you who hold your coins.

If you don't pay back you can't just get any more credit.

The scheme is pretty much same when the banks does it until year 2008

Are you serious this is like inviting bad people to scam you. unless you've asked people to undergo extensive KYC, are you that rich to provide loans without collateral, and what do you mean by the contribution you have to be specific, if you're going to ask people first to send you funds, then you're just taking people for a ride.
You ask people to send you funds to set up the platform this is no different from ICO and if this is the case then you have a plan to scam people.

No nothing like that.

We think that the coins you can borrow could be TRON USD or EUR GBP currencies so the new stable coins issued by our tean backed by BTC or TRX.
or we may considering to use loan method with existing coins aswell definately with btc and tron.

That's one idea but well Explore more ways

aioc

hero member

Activity: 2926

Merit: 567

Quote from: Xbank on September 03, 2023, 09:02:08 AM

More info coming soon...
If you don't pay back then it will affecting directly your wallet credit rating and don't get any more credit.
Now imagine you have 100,000$ crypto in wallet you get 5000-10,000$ loan
If you have 1000,000$ then it could be 50k-100k loan.
Nobody don't take your private keys and nobody don't ask your coins to send only you who hold your coins.

If you don't pay back you can't just get any more credit.

The scheme is pretty much same when the banks does it until year 2008

Are you serious this is like inviting bad people to scam you. unless you've asked people to undergo extensive KYC, are you that rich to provide loans without collateral, and what do you mean by the contribution you have to be specific, if you're going to ask people first to send you funds, then you're just taking people for a ride.
You ask people to send you funds to set up the platform this is no different from ICO and if this is the case then you have a plan to scam people.

Latviand

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It's still a wonder to me that people like OP are still attempting such a blatant scam, it can't be helped but I am amazed at their determination and will to do this kind of stuff over and over again (Vas' definition of insanity).

Quote from: Rikafip on September 03, 2023, 09:25:28 AM

And who will issue all those no collateral credits, and how long before you go bankrupt if you just give loans left and right without any collateral?

Dude's probably the real Nigerian Prince that he can afford to lend those credits without any collateral, building a project that's built entirely in trust is such a noble cause and OP is doing a pretty good effort building one Grin

.

seoincorporation

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Quote from: BitcoinGirl.Club on September 03, 2023, 08:46:18 AM

Quote from: Xbank on September 03, 2023, 08:35:34 AM

You get credit by your cryptocurrency holdings no collateral needed.
You have funds in your wallet 1000$ you get loan 5-10% so 50$-100$.
If you pay back your credit limit will increase. NO NAMES OR ID NO KYC.

Yes great project LOL.
What's the catch? I give you my private key or I send my coins to your wallet and take the loan from you.

Sorry, just trying to understand the scheme. You mush have a website or something to read information and to check your legal papers.

You send the coins to OP wallet and you get the loan from your own money. For sure you are not able to withdraw unless you pay the loan or unless OP walks away with your $1000 depo Tongue

If someone thinks this is a good scheme then only create a new address and send $1000 to that address, then you can take the $100 from it as a loan and pay the loan fees to yourself. You don't really need a third party service for this.

Cantsay

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Quote from: Xbank on September 03, 2023, 08:35:34 AM

Coming new project we Are looking for early contributers aswell.

You get credit by your cryptocurrency holdings no collateral needed.
You have funds in your wallet 1000$ you get loan 5-10% so 50$-100$.
If you pay back your credit limit will increase. NO NAMES OR ID NO KYC.

Yes it's great project !

Mheen, did you even think this through before you made this thread?

No collateral, no KYC, No Name nothing at all and yet you want to run a loaning business how the heck do you plan on making profit from a business that you won’t be able to manage? Even some loaning apps that still takes informations from their customers still experiences defaulter not to talk of one that they have nothing to lose from.

Sorry to say, if you don’t have a way to minimise the risk you are definitely going to witness a heavy losses ngl.

Rikafip

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Quote from: Xbank on September 03, 2023, 09:02:08 AM

If you don't pay back you can't just get any more credit.

And who will issue all those no collateral credits, and how long before you go bankrupt if you just give loans left and right without any collateral?

Xbank

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Activity: 3

Merit: 0

Quote from: BitcoinGirl.Club on September 03, 2023, 08:46:18 AM

Quote from: Xbank on September 03, 2023, 08:35:34 AM

Coming new project we Are looking for early contributers aswell.

You get credit by your cryptocurrency holdings no collateral needed.
You have funds in your wallet 1000$ you get loan 5-10% so 50$-100$.
If you pay back your credit limit will increase. NO NAMES OR ID NO KYC.

Yes it's great project !

Yes great project LOL.
What's the catch? I give you my private key or I send my coins to your wallet and take the loan from you.

Sorry, just trying to understand the scheme. You mush have a website or something to read information and to check your legal papers.

More info coming soon...
If you don't pay back then it will affecting directly your wallet credit rating and don't get any more credit.
Now imagine you have 100,000$ crypto in wallet you get 5000-10,000$ loan
If you have 1000,000$ then it could be 50k-100k loan.
Nobody don't take your private keys and nobody don't ask your coins to send only you who hold your coins.

If you don't pay back you can't just get any more credit.

The scheme is pretty much same when the banks does it until year 2008

BitcoinGirl.Club

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Farewell LEO: o_e_l_e_o

Quote from: Xbank on September 03, 2023, 08:35:34 AM

Coming new project we Are looking for early contributers aswell.

You get credit by your cryptocurrency holdings no collateral needed.
You have funds in your wallet 1000$ you get loan 5-10% so 50$-100$.
If you pay back your credit limit will increase. NO NAMES OR ID NO KYC.

Yes it's great project !

Yes great project LOL.
What's the catch? I give you my private key or I send my coins to your wallet and take the loan from you.

Sorry, just trying to understand the scheme. You mush have a website or something to read information and to check your legal papers.

Xbank

newbie

Activity: 3

Merit: 0

Coming new project we Are looking for early contributers aswell.

You get credit by your cryptocurrency holdings no collateral needed.
You have funds in your wallet 1000$ you get loan 5-10% so 50$-100$.
If you pay back your credit limit will increase. NO NAMES OR ID NO KYC.

Yes it's great project !

Topic: Coming new project the loan scheme no collateral (Read 201 times)