Bank of Neoxian: updatesteemCreated with Sketch.

in #bank7 years ago (edited)

Dear Steemit,

I am a fucking bank. This is amazing. I am like a transformer, but instead of turning into some truck, I turn into a bank.

banktrans

(Photoshopped pictures from the internet)

I'm sort of like this...

Incredibly, there is a small handful of people that have trusted me with their hard-earned funds.

DepositorAmount
justinashby63.528 SBD
silvia60 SBD
ppagoda25 SBD
jznsamuel25 SBD
gee-world25.088 SBD

Holy shit! New customers!

DepositorAmount
sevinwilson75 SBD
ekavieka26 SBD
steeminator300080 SBD
wix25 SBD
runridefly100 Steem

Ok, so I'm a bank, big deal, so now what? I need to start earning some money for these guys.

These are my main forms of income:

  • Posting
  • Witnessing
  • Curating
  • Loan sharking
  • Delegation Rental
  • Misc services
  • Self voting (but not too much...honest!)

So I would use deposited funds to help me with these activities. This may mean purchasing more SteemPower to rent out and use for Misc services.

Ok guys, I'm going to tentatively promise you the base apr plus 3%. Sadly, the base apr is 0% so my apr is 3%.

Hey Neoxian! Only 3%, that's weak sauce? Come on man!

Yea yea, it's important that I be conservative and cautious. I don't want to promise what I can't deliver. And believe me, in my past I've seen some shady digital online banks that promised crazy interest rates of 30% or more, and..surprise surprise, they turned out to be scams or ponzi scheme. I am neither, so I'm offering a nice, normal interest rate. Hey! It's better than the 0% you get from the system right?

I will promise that I will make a best effort to earn money for my customers, regardless of my quirky nature I take all my business very seriously.

As a show of good faith, I've sent all my current depositors a small dividend, just so they can say they have made something.

Since I know people are going to ask, if you are crazy enough to want to deposit with me, it's 25 SBD minimum, thanks.

Happy banking!

Sort:  

100 % Upvote , so the Bank Neoxian
Can make more for the investor.
I am very Generous.
With Big Heart - I created #whalepower for the Community Usage.

This is awesome how you keep expanding services. Accepting deposits is a good way forward.

Here is an idea going forward. Instant conversion to usd of smaller funds. For example you want to convert 100 Sbd to Usd, people send you sbd or steem you send them USD via paypal or something.
Or maybe even the other way.

What do you think?

For now, I'd like to operate purely on the blockchain. Interesting ideas though.

Hi @neoxian, apologies in advance in case I've misunderstood - the 3%, is a annual or monthly or weekly rate? and is the interest pro-rated to the day, week? and what is the rough structure like in terms of withdrawing (for example, in case Steem drops and we want to get our SBD back to buy more etc...)

Whats funny is I don't even know you in person, but to me your bank is more trustworthy and legitimate then the scum like chase or JP Morgan .
About to send you my first deposit btw!

Sorry it's a 25 SBD minimum. I don't want to track thousands of tiny deposits. Thank you.

Sorry about that. Lol you literally say that in the post and I totally missed it the first time reading.

Congrats, deposit received. Welcome to the bank and thank you for the kind words.

This is classic! I am right there with you with the trust factor! I just sent some in to the trustworthy bank!

what??? that guys fund your wallet to purchasing steempower?

lol. I wish.

Woo Hoo!!!
I got my first dividend . You the man @neoxian

I like that you are a honest guy about self voting. I would trust you....

I agree with this project, and i am a happy @neoxian customers. i have rent STEEM POWER before with good deal. But i need to Know 3% is for one year?
Thanks @neoxian you are awesome.

yes 3% per year

Thanks banker

It's great to be able to be a bank :) May I ask what is the projected interest rate that depositors can expect?

3% apr

Thanks, much better than a traditional bank :)

how much will i earn when i deposit 25sbd?

3% apr

very cheap and more services @neoxian

You just might control the world in the next couple of years. @neoxian, I will deposit some after my first power down.

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