RE: Steem Loan Idea Being Explored with a loan to @mrwang managed by @virtualgrowth

[holoz0r]

I'll elaborate:

@mrwang wants a loan of $100 SBD

@virtualgrowth contributes $70SBD
@holoz0r contributes $30 SBD.

We agree on 10% Interest.

Therefore, your future post rewards are distributed as such:

70% to VG
30% to holoz0r

This continues until the loan is paid + Interest; and the beneficiary is then "expired"

I'm thinking of no token, but that also equals no liquidity for investors / lenders.

Is that how you understood the concept? Good luck with the F150!

Comments

[mrwang]

if you made it into a token.. you could sell it as a note...
I think I understand it.. either way, sounds pretty cool and worth looking into further.

Thanks for the contribution and wishful thinking as well.

[holoz0r]

If you could sell that token and the "beneficiary" state in your rewards, that would be incredibly epic and make steemit a legitimate competitor to things like gofundme.

[karenmckersie]

sounds awesome!!👍👍👍