The Totem Bank of Neoxian: daily contracts: 2019-09-12steemCreated with Sketch.

in #bank5 years ago

The Bank of Neoxian shall loan the sum of 450 usd to @cryptoeera. He promises to repay 540 usd in six months time.

The money amounts are in terms of USD, but are transacted in Steem, SBD, or other crypto. The website coinmarketcap.com shall be used to determine the prices for purposes of payment.

@cryptoeera 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, 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.

Please sign below...


(pic from https://www.cowboysindians.com)

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I give my full consent.
Thanks, @neoxian

Posted using Partiko iOS

@neoxian,
A good contract, if this in STEEM terms, only NoB can do that. It's the only bank which could manage the high liquidity in a Blockchain banking!
$trdo

Cheers~

Congratulations @theguruasia, you are successfuly trended the post that shared by @neoxian!
@neoxian got 6 TRDO & @theguruasia got 4 TRDO!

"Call TRDO, Your Comment Worth Something!"

To view or trade TRDO go to steem-engine.com
Join TRDO Discord Channel or Join TRDO Web Site

I think its very mutual contrac. Congratulations for @cryptoeera

Wow great contract, and shows its consistency by giving such a good deadline.

Another Great Loan by the BANK of @neoxian !!!

Congratulations @cryptoeera great contract, enjoy it!

Congratulations @goldcoin, you are successfuly trended the post that shared by @neoxian!
@neoxian got 6 TRDO & @goldcoin got 4 TRDO!

"Call TRDO, Your Comment Worth Something!"

To view or trade TRDO go to steem-engine.com
Join TRDO Discord Channel or Join TRDO Web Site

Bank in action after a long time ;) congratulations

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