The Bank of Neoxian shall loan the sum of 0.15 BTC to @chronocrypto.
He promises to repay 0.1725 btc. He shall pay 333 usd worth of BTC per week until 0.1725 btc is reached. (15% interest). First payment shall be on Sept. 2nd, 2022.
The Bank shall pay to the address 1BR7cYSxZtvQcC34mtK6UbS6bjskYpwuKd.
@chronocrypto shall offer up the following collateral:
The Hive Account of @chronocrypto.
This includes the Staked Hive and WorkerBee of this account as well as the more minor staked coins on that account.
To insure payment of this loan, the lendee promises to hand over their Owner key(s) to the bank. The bank will give back new posting keys to the lendee. The lendee affirms that the owner key(s) are given voluntarily and their account(s) are not stolen. They promise not to initiate the Stolen account recovery procedure.
Lendee also consents to Bank changing the trustee if the Bank so chooses.
The Lendee promises not to power down the account(s) to the point where the collateral would be less than the owed value, or if it is necessary to powerdown to pay the loan, then the full powerdown should go to the bank.
The Lendee agrees this contract remains valid regardless of any flags this contract post might receive.
Owner key(s) will be returned upon successful completion of loan.
Collateral is returned upon successful completion of loan.
Please sign below…
Posted using Neoxian City
Signed as agreed
I am your witness
Hmm interesting
Wondering what chrono will do with the funds
Posted Using LeoFinance Beta
What a nice interest rate this is
There's no better bank on Hive than the magnanimous Bank of Neoxian.
Thanks for showing this love and keep up the good work
Loaning like there is no future 😁
It is great seeing use case of this kind on Hive.
Sounds interesting banking system in hive as you talk about the loan. Thanks for sharing this update with us. Always love to hear from you Neoxian💝
@chronocrypto much success my friend and may the loan serve you for whatever you have in mind to use it for
Congratulations for the both sides!
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I just read this and am like do @neoxian give loan, I am not sure that is why i am asking but lovely interest and fair too 😊.
Thank you @neoxian for supporting my post! Very much appreciated :)
I'm interested also, please include me in the budget