Need 7 ETH loan for 30 days - collateral used escrow required (qryptos verified)

zazarb

legendary

Activity: 3514

Merit: 1548

Get loan in just five minutes goo.gl/8WMW6n

Quote from: Bigraz on May 09, 2018, 02:25:39 AM

Quote from: zazarb on May 09, 2018, 01:59:56 AM

Quote from: Bigraz on May 08, 2018, 11:21:29 PM

I have 30,000 available that I will use for the loan - the rest are locked on Qryptos.

Sure the address is 0xac413faa6c43da06f25c0a87aded19bf83ed5e80

Besides verification, another problem , that token trade volume very low, would not have the opportunity to sell if price start fail.

Yes that's why you leave a sell order at 100% of value.

Usual in Lenders practice, sell order leave at least 105-110% of value, but as I mentioned above, ever such a protection reserve can't help with such small trade volume.

Bigraz

newbie

Activity: 42

Merit: 0

Quote from: zazarb on May 09, 2018, 01:59:56 AM

Quote from: Bigraz on May 08, 2018, 11:21:29 PM

I have 30,000 available that I will use for the loan - the rest are locked on Qryptos.

Sure the address is 0xac413faa6c43da06f25c0a87aded19bf83ed5e80

Besides verification, another problem , that token trade volume very low, would not have the opportunity to sell if price start fail.

Yes that's why you leave a sell order at 100% of value.

zazarb

legendary

Activity: 3514

Merit: 1548

Get loan in just five minutes goo.gl/8WMW6n

Quote from: Bigraz on May 08, 2018, 11:21:29 PM

I have 30,000 available that I will use for the loan - the rest are locked on Qryptos.

Sure the address is 0xac413faa6c43da06f25c0a87aded19bf83ed5e80

Besides verification, another problem , that token trade volume very low, would not have the opportunity to sell if price start fail.

Bigraz

newbie

Activity: 42

Merit: 0

Quote from: Hatcher on May 09, 2018, 01:46:41 AM

Quote from: Bigraz on May 09, 2018, 01:30:15 AM

Quote from: Hatcher on May 09, 2018, 01:24:37 AM

Quote from: Bigraz on May 09, 2018, 01:09:04 AM

Quote from: Hatcher on May 09, 2018, 12:04:15 AM

The requirements on the escrow are quite high. They would need have a verified Qryptos account (only place that Zebi has liquidity on) and be able to ensure the lender doesn't lose money (not only by selling at the right time if the price drops but also guaranteeing that the lender gets their funds, effectively vouching* for Qryptos).

I don't know if any escrow would be willing to do that, but if so, I'd be interested.

*Whether or not their withdrawal gets processed on Qryptos the lender will receive his funds.

I mean the funds could always technically be liquidated and withdrawn at a later time without a full verification initially, should that situation arise no? Good point though

Some lenders might be fine with that, but I personally wouldn't want to be at the mercy of the Qryptos verification process which is why I would require the escrow to be verified already.

Would you consider it at a higher interest %?

It seems like a fair loan, except for the fact that I don't know or trust the exchange, which is why I would require the escrow to be verified on it. It might be a long-shot, but it's what I'm throwing out there. Maybe someone else who already has experience with the exchange would lend it to you without hesitation (escrow just holds on to the collateral and doesn't need to vouch for the exchange, only transfer it if necessary).

Sure, I can understand that. I need the loan preferably within 8 hours, should you want to change the terms to better suit you if I cannot find a qryptos verified escrow in that time please let me know and I will try to accommodate.

Hatcher

full member

Activity: 369

Merit: 111

Quote from: Bigraz on May 09, 2018, 01:30:15 AM

Quote from: Hatcher on May 09, 2018, 01:24:37 AM

Quote from: Bigraz on May 09, 2018, 01:09:04 AM

Quote from: Hatcher on May 09, 2018, 12:04:15 AM

The requirements on the escrow are quite high. They would need have a verified Qryptos account (only place that Zebi has liquidity on) and be able to ensure the lender doesn't lose money (not only by selling at the right time if the price drops but also guaranteeing that the lender gets their funds, effectively vouching* for Qryptos).

I don't know if any escrow would be willing to do that, but if so, I'd be interested.

*Whether or not their withdrawal gets processed on Qryptos the lender will receive his funds.

I mean the funds could always technically be liquidated and withdrawn at a later time without a full verification initially, should that situation arise no? Good point though

Some lenders might be fine with that, but I personally wouldn't want to be at the mercy of the Qryptos verification process which is why I would require the escrow to be verified already.

Would you consider it at a higher interest %?

It seems like a fair loan, except for the fact that I don't know or trust the exchange, which is why I would require the escrow to be verified on it. It might be a long-shot, but it's what I'm throwing out there. Maybe someone else who already has experience with the exchange would lend it to you without hesitation (escrow just holds on to the collateral and doesn't need to vouch for the exchange, only transfer it if necessary).

Bigraz

newbie

Activity: 42

Merit: 0

Quote from: Hatcher on May 09, 2018, 01:24:37 AM

Quote from: Bigraz on May 09, 2018, 01:09:04 AM

Quote from: Hatcher on May 09, 2018, 12:04:15 AM

The requirements on the escrow are quite high. They would need have a verified Qryptos account (only place that Zebi has liquidity on) and be able to ensure the lender doesn't lose money (not only by selling at the right time if the price drops but also guaranteeing that the lender gets their funds, effectively vouching* for Qryptos).

I don't know if any escrow would be willing to do that, but if so, I'd be interested.

*Whether or not their withdrawal gets processed on Qryptos the lender will receive his funds.

I mean the funds could always technically be liquidated and withdrawn at a later time without a full verification initially, should that situation arise no? Good point though

Some lenders might be fine with that, but I personally wouldn't want to be at the mercy of the Qryptos verification process which is why I would require the escrow to be verified already.

Would you consider it at a higher interest %?

Hatcher

full member

Activity: 369

Merit: 111

Quote from: Bigraz on May 09, 2018, 01:09:04 AM

Quote from: Hatcher on May 09, 2018, 12:04:15 AM

The requirements on the escrow are quite high. They would need have a verified Qryptos account (only place that Zebi has liquidity on) and be able to ensure the lender doesn't lose money (not only by selling at the right time if the price drops but also guaranteeing that the lender gets their funds, effectively vouching* for Qryptos).

I don't know if any escrow would be willing to do that, but if so, I'd be interested.

*Whether or not their withdrawal gets processed on Qryptos the lender will receive his funds.

I mean the funds could always technically be liquidated and withdrawn at a later time without a full verification initially, should that situation arise no? Good point though

Some lenders might be fine with that, but I personally wouldn't want to be at the mercy of the Qryptos verification process which is why I would require the escrow to be already verified.

Bigraz

newbie

Activity: 42

Merit: 0

Quote from: Hatcher on May 09, 2018, 12:04:15 AM

The requirements on the escrow are quite high. They would need have a verified Qryptos account (only place that Zebi has liquidity on) and be able to ensure the lender doesn't lose money (not only by selling at the right time if the price drops but also guaranteeing that the lender gets their funds, effectively vouching* for Qryptos).

I don't know if any escrow would be willing to do that, but if so, I'd be interested.

*Whether or not their withdrawal gets processed on Qryptos the lender will receive his funds.

I mean the funds could always technically be liquidated and withdrawn at a later time without a full verification initially, should that situation arise no? Good point though

Hatcher

full member

Activity: 369

Merit: 111

The requirements on the escrow are quite high. They would need have a verified Qryptos account (only place that Zebi has liquidity on) and be able to ensure the lender doesn't lose money (not only by selling at the right time if the price drops but also guaranteeing that the lender gets their funds, effectively vouching* for Qryptos).

I don't know if any escrow would be willing to do that, but if so, I'd be interested.

*Whether or not their withdrawal gets processed on Qryptos the lender will receive his funds.

Bigraz

newbie

Activity: 42

Merit: 0

I have 30,000 available that I will use for the loan - the rest are locked on Qryptos.

Sure the address is 0xac413faa6c43da06f25c0a87aded19bf83ed5e80

ThatRandom8543

sr. member

Activity: 1344

Merit: 307

Quote from: Bigraz on May 08, 2018, 06:48:50 PM

Hi there,

As title states. My funds are tied up in qryptos who is taking a ridiculous amount of time to verify me. I need 7 ETH for an investment and will put up 120% worth of Zebi tokens as collateral. 30 day term and 5% interest to be paid at the end.

Also we will use a trusted escrow for the deal.

Needed ASAP.

How many zebi tokens do you have? Could you provide an eth where they are located?

Bigraz

newbie

Activity: 42

Merit: 0

Hi there,

As title states. My funds are tied up in qryptos who is taking a ridiculous amount of time to verify me. I need 7 ETH for an investment and will put up 120% worth of Zebi tokens as collateral. 30 day term and 5% interest to be paid at the end.

Also we will use a trusted escrow for the deal.

Needed ASAP.

Topic: Need 7 ETH loan for 30 days - collateral used escrow required (qryptos verified) (Read 182 times)