Topic: Is a domain considered as collateral? (Read 377 times)
Closing the thread as I got a the loan, thanks for everyone that helped
and running a casino without enough funds for the bankroll it's almost impossible.
Yeah, for this reason alone I would recommend that everyone stays away from funding the loan. On his site, the max profit for crash is $1000:
The house edge for crash isn't listed, but the edge for other games is 2-5%. If we assume that crash has a 5% edge, then the kelly criterion suggests that they should have a bankroll of ~$20000 to be sustainable in the long run. Even if they choose to be more aggressive and take more risks, they should have a bankroll of at least $5000.
If he doesn't have this bankroll, then anyone betting on their site should be very concerned at him not being able to payout if people were to win. If he does have the bankroll, then he should just reduce the bankroll instead of trying to borrow 0.05BTC (~$1000), and reduce the max win accordingly.
A likely outcome from this loan might be an exit scam both for the loan and his casino, which would render your domain "collateral" worthless.
You are just assuming that I will exit scam, we have paid users over 6k for now plus I can increase the max profit in 3 seconds, its just what we are comfortable paying with for now, I'm not the sole owner I do have a partner that he handle the funds and I don't have access to them since I'm just the Dev guy
list goes on
and running a casino without enough funds for the bankroll it's almost impossible.
Yeah, for this reason alone I would recommend that everyone stays away from funding the loan. On his site, the max profit for crash is $1000:
The house edge for crash isn't listed, but the edge for other games is 2-5%. If we assume that crash has a 5% edge, then the kelly criterion suggests that they should have a bankroll of ~$20000 to be sustainable in the long run. Even if they choose to be more aggressive and take more risks, they should have a bankroll of at least $5000.
If he doesn't have this bankroll, then anyone betting on their site should be very concerned at him not being able to payout if people were to win. If he does have the bankroll, then he should just reduce the bankroll instead of trying to borrow 0.05BTC (~$1000), and reduce the max win accordingly.
A likely outcome from this loan might be an exit scam both for the loan and his casino, which would render your domain "collateral" worthless.
If we talk here about 961bet.net domain, probably you can forget about any value of them bigger than $10, as much as they cost on the registrar.
domains with a number in the name beginning are not attractive. Also, it is only 197 days old domain, so it doesn't even have an age value.
Its not about how much i bought it for, its a business running and im offering my domain business as collateral and the number refer to the country code thats why
that is something completely different. Then you offer here, that is, you ask for an online business as collateral. and it is difficult collateral to accept, especially since it is a very demanding niche, gambling.
I assume that you have very little profit here because you are asking about the possibility of a loan, and running a casino without enough funds for the bankroll it's almost impossible.
you will not have strong reasons to repay the debt, while the lender will not be able to easily terminate your collateral and ensure the return of the funds.
Sorry, but this is a reality in your case.
If we talk here about 961bet.net domain, probably you can forget about any value of them bigger than $10, as much as they cost on the registrar.
domains with a number in the name beginning are not attractive. Also, it is only 197 days old domain, so it doesn't even have an age value.
Its not about how much i bought it for, its a business running and im offering my domain business as collateral and the number refer to the country code thats why
so for example I own "https://961bet.net" its a business running and I got over 1k users, If i transfer ownership domain or w/e would be possible to get a loan for it for a month or its gonna be hard?
If we talk here about 961bet.net domain, probably you can forget about any value of them bigger than $10, as much as they cost on the registrar.
domains with a number in the name beginning are not attractive. Also, it is only 197 days old domain, so it doesn't even have an age value.
Keep in mind there can be a 60 day hold on domains when transferred: https://www.icann.org/resources/pages/name-holder-faqs-2017-10-10-en
It's up to the individual registrar. So if you do send your domain to someone even after you pay them back they may be unable to send it back to you for a period of time.
Also, if they are paranoid and take it off of namecheap to a registrar that they use most registrars will charge them for an additional year of registration and when you take it back you will have to pay too.
Minor in the scheme of things but worth a mention. As the saying goes, been there - done that - got the t-shirt.
-Dave
It's up to the individual registrar. So if you do send your domain to someone even after you pay them back they may be unable to send it back to you for a period of time.
Also, if they are paranoid and take it off of namecheap to a registrar that they use most registrars will charge them for an additional year of registration and when you take it back you will have to pay too.
Minor in the scheme of things but worth a mention. As the saying goes, been there - done that - got the t-shirt.
-Dave
Hey thanks Dave for posting this, thats why i wanted big names in the community to do it, because id trust him 30 days more when i pay back my loan, and as i said before Im willing to cover the cost of transfer
]
Since the doxing thing is going to happen anyway, you may want post your request on Reddit's r/borrow board. Honestly I've never used it, but since most folks there are using PayPal you may not need collateral at all.
Anyway, best of luck.
Since the doxing thing is going to happen anyway, you may want post your request on Reddit's r/borrow board. Honestly I've never used it, but since most folks there are using PayPal you may not need collateral at all.
Anyway, best of luck.
As for reddit and paypal im from lebanon and i cant create a paypal account, if im not mistaken you could have a nickname on namecheap instead of doxxing yourself
Keep in mind there can be a 60 day hold on domains when transferred: https://www.icann.org/resources/pages/name-holder-faqs-2017-10-10-en
It's up to the individual registrar. So if you do send your domain to someone even after you pay them back they may be unable to send it back to you for a period of time.
Also, if they are paranoid and take it off of namecheap to a registrar that they use most registrars will charge them for an additional year of registration and when you take it back you will have to pay too.
Minor in the scheme of things but worth a mention. As the saying goes, been there - done that - got the t-shirt.
-Dave
It's up to the individual registrar. So if you do send your domain to someone even after you pay them back they may be unable to send it back to you for a period of time.
Also, if they are paranoid and take it off of namecheap to a registrar that they use most registrars will charge them for an additional year of registration and when you take it back you will have to pay too.
Minor in the scheme of things but worth a mention. As the saying goes, been there - done that - got the t-shirt.
-Dave
As for the transfer part it only takes 5 mins from my end but ill be doxxed too
Since the doxing thing is going to happen anyway, you may want post your request on Reddit's r/borrow board. Honestly I've never used it, but since most folks there are using PayPal you may not need collateral at all.
Anyway, best of luck.
I think the collateral example you offered is valid. As long as the actual domain you provide is as viable you may find a lender willing to work with you. However, I'm not interested. It sounds like it'll be a lot of trouble to transfer ownership, and I would end up doxing myself to secure the collateral. The risk/reward ratio isn't to my liking, so I'll have to pass.
One thing I suggest; if you accept a loan from a newer member use an Escrow agent to hold the collateral. Of course that may be difficult for the same reasons I don't want to hold the collateral, i.e. doxing one's self.
I appreciate it DireWolf, i hope i find someone to work with,
As for the transfer part it only takes 5 mins from my end but ill be doxxed too, again I appreciate you for helping and guiding me
Would anyone from the big names loan me, and ill make sure the domain transfer goes smooth, I'd be willing to give the lender access to our data too.
I think the collateral example you offered is valid. As long as the actual domain you provide is as viable you may find a lender willing to work with you. However, I'm not interested. It sounds like it'll be a lot of trouble to transfer ownership, and I would end up doxing myself to secure the collateral. The risk/reward ratio isn't to my liking, so I'll have to pass.
One thing I suggest; if you accept a loan from a newer member use an Escrow agent to hold the collateral. Of course that may be difficult for the same reasons I don't want to hold the collateral, i.e. doxing one's self.
How much are you looking to get? As in how much money are you looking for?
I'm looking around 1000 USDT
Would anyone from the big names loan me, and ill make sure the domain transfer goes smooth, I'd be willing to give the lender access to our data too.
How much are you looking to get? As in how much money are you looking for?
Would anyone from the big names loan me, and ill make sure the domain transfer goes smooth, I'd be willing to give the lender access to our data too.
Who is the domain actually hosted with (which registrar/company)?
Would you expect to be collateralising the entire business when the request is fulfilled by someone as that's likely what they'll be expecting.
Its registered on namecheap, could you please elaborate more on collateralising the entire business? Like give him access to the admin panel or give him the files
so for example I own "https://961bet.net" its a business running and I got over 1k users, If i transfer ownership domain or w/e would be possible to get a loan for it for a month or its gonna be hard?
Who is the domain actually hosted with (which registrar/company)?
Would you expect to be collateralising the entire business when the request is fulfilled by someone as that's likely what they'll be expecting.
How much income does your website generate, and can you prove it?
Well between 50 to 250 a day it depends, site still early and yes i can prove it i can share website stats either here or we can in private such as discord/telegram
And we have a good engagement on twitter
I'll cover everything and I'll transfer ownership, I'm looking for 0.05 BTC for 1 month maximum and with 10-15% interest rate
How much income does your website generate, and can you prove it?
I'm not sure how much that domain is worth, but if it's a profitable business, you may find a lender willing to help. If I were to issue the loan I would want the ownership of the domain transferred to me, and all expenses for the transfer payed by you.
How much of a loan are you looking for, how long before you plan to pay it back, and what interest rate are you offering to pay the lender?
I'll cover everything and I'll transfer ownership, I'm looking for 0.05 BTC for 1 month maximum and with 10-15% interest rate
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