The Sky Captain Bank of Neoxian: daily contracts: 2018-11-13
The Bank of Neoxian shall loan the sum of 2900 usd to @chronocrypto. He promises to repay 3190 usd. He shall pay 531.66 usd twice a month, on the 10th and 25th until 3190 usd is reached. (Three months expected.) The first payment shall be Dec. 10th, 2018.
A penalty of 20 usd is assessed for each month past three.
The money amounts are in terms of USD, but are transacted in bts (bitshares). The website coinmarketcap.com shall be used to determine the prices for purposes of payment.
The bitshares account of the Bank is "neoxian-00"
@chronocrypto shall offer up his whaleshares account @chronocrypto for this loan.
@chronocrypto shall hereafter be known as the lendee…
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 active and 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.
The lendee agrees that if the Bank decides to change the active key(s) and keep them private, this does not constitute of breach of contract.
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.
Owner key(s) will be returned upon successful completion of loan.
Please sign below...
(pic from https://fanart.tv)
I agree, to this contract.
@neoxian,
Congratz for the contract! Yeah this is a huge one! I wish it will work smoothly!
Cheers~
I confirm the first payment is to be done, Dec. 10th, 2018.
Very innovative and revolutionary! Banksters will have a shock when this alternative funding and loaning channel becomes wide spread!
Live long and prosper!
Another Wonderful Transaction just Took Place at the Bank of @neoxian ..................
Thank you for your continued support of SteemSilverGold
Well the bank is stepping up the game! Very cool. Thanks for the visit today.
Congratulations on making your contract @chronocrypto I hope the services provided by the Bank will be useful for your activities in the community!
Interesting contract that's a big loan good settlement guys @neoxian
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